This content is for Subscribers Only -- It's all falling apart, and now, it appears to me, nothing can stop it. Three high-ranking members of a country's Central Bank, have committed suicide in the past 24 hours . . . .
I was just notified by a source I know to be credible, that three members of Japan's Central Bank have committed suicide in the past twenty-four (24) hours. I was told that two jumped out windows, and the third threw himself in front of a fast-moving train.
I am not a licensed financial expert and so I cannot give financial advice - and I am not. I am merely reporting information of a financial nature. You should consult with a licensed financial expert before making ANY financial decisions.
As an unlicensed, non-expert, layman, this news tells me it's all falling apart and nothing can stop it now. Why else would these men commit suicide?
We've known for months Japan is in deep economic trouble. We've known for weeks that Japan's Bond Market is teetering on complete collapse. We've also known for weeks that Japan has had to offload large amounts of U.S. Treasuries just to sustain itself.
Now, I'm told that three Central Bank bigshots have killed themselves. The way I see it, the message is clear: Japan is going down. Their financial system - stocks, bonds, banking - are all going under.
If/when Japan goes down, it will immediately affect Europe, first. It is entirely feasible that European Banks will collapse within a week after Japan goes under.
If/when Europe goes under, within two weeks, it would take the US with it. Complete Banking collapse.
There is no way to withdraw all your money from banks; they would simply tell you "no." So it seems to me to be a smart move to maybe prepare by taking out a little at a time for this week.
I have decided to grab a few thousand dollars out of my bank to have in my possession for a month or so; not to pay bills, but only to survive. Buying food, getting Gasoline/Diesel, and that sort of thing.
It seems to me that if this thing goes - and IT MAY NOT -- all the credit/debit cards will immediately be shut off. Useless. In such a situation, no one in their right mind will accept a check, so the way I see it, cash is king. It's better to HAVE IT and not need it, than to NEED IT and not have it. If nothing happens, I can always put the cash back.
I don't know where this thing goes or even if having cash will matter. But as an adult, it is up to me to be prepared for my family. I take that responsibility seriously. MY family will be OK.
Will yours? Will you?