Is the USA having a Bank Holiday to Devalue the Dollar?
Ok, this is what I have so far. This is not going to be one of my usually well written posts - this is going to be pure information with no bells or whistles.
Twitter is going crazy with reports of ATMs and online accounts going down as of 01:00 hours EST of the 7th of November 2010. This is happening to many banks all across America. Some are trying to say that it is a computer glitch to do with the change in Daylight Savings Time, but I will call BS on this as we manage to put our clocks back over here in the UK without knocking out ATMs and online accounts nationally.
The GodlikeProductions forum is going crazy with reports of multiple banks locking their customers out of their accounts. With various rumours that have been floating around this past week of a Bank Holiday in the USA to devalue the US Dollar or move completely over to the Bancor SDR, and the Web Bot going crazy, it is a distinct possibility that this is, in fact, happening as we speak.
The affected banks are as follows (to the best of my knowledge):
- US Bank
- Bank of America
- Wells Fargo
- Compass
- USAA
- Suntrust
- Chase
- Fairwinds Credit Union
- American Express
- BB&T on the East Coast
- PNC
Small credit unions are thus far unaffected, but there is no guarantee that they will not be forced to close their tellers in the event of a full bank holiday dollar devaluation.
This is all I have for now, but I will update this post if I get any more information.
UPDATE 21:31 GMT:
I have been informed that both PNC and Bank of America are back online, and chance are that the others are too.
In the light of what is going on geopolitically, I am still very suspicious about the reasons for this mass downtime of ATMs and Online Accounts. There is still a very distinct possibility that November the 11th will turn into an extended Bank Holiday so I would advise all those who can get their money out of their banks to do so, even if you have to pay your upcoming bills manually.
Meanwhile, China has issued calls for a new Reserve Currency to replace the dollar in the form of two separate SDR's (Special Drawing Rights) as far back as 2008, but things are really developing in that respect now. The SDR in the western hemisphere will be the Bancor under the control of the IMF, while the SDR in the eastern hemisphere will be a Chinese backed one, but the name escapes me now.
http://www.philipbrennan.net/2010/11/07/is-the-usa-having-a-bank-holiday-to-devalue-the-dollar/
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