Here's a small excerpt from Jim Willie's latest Hat Trick Letter.

The closer this stuff gets, the more uneasy I'm feeling. With Sinclair's piece today, what's coming is not going to be easy to deal with. I think I better also invest in a weapon of some sort. I don't own anything right now.

Terry

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Here is my best forecast & speculation of what might specifically occur during a US bank shutdown, and immediately afterwards. Bank heists would be prominent and widespread, given the perfect environment of darkness. The theft would include gold bullion centers. It would also coincide nicely with the possibility of Elite theft of gold from major gold storage centers in addition to the Royal Canadian Mint. The bank heist would likely include inactive accounts nationwide as well as entire bank deposits at lesser known banks, selected as vulnerable without protection in either New York City or WashingtonDC. Blame would be given to nameless rogues, when Wall Street firms would be deeply involved. During the shutdown, many regional and midsized banks would be forced by USGovt order, under the cloak of national security and emergency, to merge with big money center banks. These larger banks are the zombies often described, and the banks responsible for most bond fraud if not counterfeit. They are dead. They are masquerading as viable in order to attract stock issuance capital. They would sponsor seizures painted as mergers, where perhaps the USGovt will order the majority of regional and midsized banks to ‘team up with an upper echelon bank’ for systemic risk defensive purposes. Banks across the nation might be forced to find a money center sponsor bank. It will be a raid on their assets.

The USDollar should suffer a 30% to 40% sudden devaluation. The gold & silver prices should rise by 20% at least, held back by continued stubbornfraud in the COMEX. The USDollar devaluation would officially be touted as beneficial, to trigger a possible USEconomic recovery. However, it would cause instant commodity price inflation and a rise in the entire national cost structure. It would be beneficial to export companies, but their customers are under extreme duress. It would at the same time inflict greater hardship on US households on a cost basis. The USEconomic recession would worsen very badly, become a recognized depression. The red herring is the unknown effect on both credit derivatives and the COMEX gold contracts. The credit derivatives would suffer shocks from the USTreasury Bond impact, surely not positive, as bond yields would probably rise from lost confidence in both the US$ and USTBond simultaneously. The COMEX gold contracts are directly related to the USDollar exchange rates. Major disruption and potential fractures could come to the COMEX, which could actually shut down for a longer period than the US banks. During the period of darkness, legitimate hope might be justified into thinking that the COMEX might actually never open. It might be broken, exposed, and suffer the shame of criminal prosecutions finally. That might be wishful thinking. Extreme problems would come, however, to the COMEX if discontinuity comes to price structures. That is a certainty!!!

The other major unpredictable outcome is social disorder, chaos, riots, destruction of property, and public frustration. The inaccessible bank accounts mean no new money to purchase food, to pay for utilities, to buy gasoline. The national economy would grind to a halt. My realistic view is that the USGovt and Ruling Elite bankers wish to spark riots so that they can declare a state of emergency, so that they can declare martial law. They anticipate a violent reaction. If viruses are unleashed at the same time, the nation will sink into total chaos and lock down into countless pockets of isolation. Shutting down the banks might be necessary to restructure, with or without criminal intent. Nonetheless, shutting down the banks might be a planned step toward ending the Republic and beginning a new Fascist state with totalitarian powers. They might shut down banks so as to create a response that sets into motion the new system the Ruling Elite lust for.