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• Archived Blog Post

  Date / Time: 3/5/2008 11:23 PM UTC

  IMPORTANT PRESS RELEASE FROM THE FEDERAL RESERVES
  

  The Federal Reserve Bank of Atlanta this past January released a video on
  crisis preparedness. The timing of such a video being released is suspicious
  considering the prospect of bank failures and an inflationary collapse of
  the U.S. monetary system loom large. The U.S. Dollar is at all-time lows and
  many top economists are predicting that we are entering a very deep
  recession if not a depression. Although the video focuses in on a potential
  disaster like a terrorist attack or a weather related event, a financial
  disaster easily fits into the scope of this video. The focus of the video is
  on how the Federal Reserve can immediately bring cash back into an area
  affected by a disaster. During a financial calamity, this will be a key
  concern because physical forms of money will reign supreme. Runs on the
  banks occurred frequently at the start of the Great Depression and they
  could happen here on a frequent basis if things get worse. The Federal
  Reserve chairman Ben Bernanke even made the prediction that we could soon
  see bank failures, so this is a concern not just coming from various
  economists and pundits but also from the top of this criminal banking
  system.
  
  Below is taken from the press release issued by the Federal Reserve Bank of
  Atlanta.
  
  Watch The Video Here
  
  In the aftermath of a disaster, banks play a vital role, distributing cash
  to their customers and ensuring that their customers are able to meet the
  financial needs of their families and their businesses.
  
  Drawing on the experience of bankers who have weathered crisis situations,
  the Federal Reserve Bank of Atlanta developed Crisis Preparedness:
  Reconnecting the Financial Lifeline, a DVD designed to assist bankers with
  their institutions' emergency preparedness efforts. Each section of the DVD
  profiles a facet of crisis preparedness, from preparing and testing a plan
  to caring for employees to providing cash to customers to working with banks
  and first responders.
  
  The DVD features interviews with bankers and Atlanta Fed staff. The examples
  featured in the DVD emphasize the need for crisis preparedness and practical
  steps institutions can take to be prepared. The DVD includes supplemental
  in-depth interviews with these featured bankers.
  
  The DVD can be downloaded or ordered at the Atlanta Fed's Web site,
  http://www.frbatlan ta.org/bank_ info/crisis_ preparedness. cfm.
  
  What's interesting about the video is that it focuses in on how banks will
  need to be able to make cash readily available in case of a disaster. In the
  event of a disaster financial or otherwise that results in a run on the
  banks, banks will not have enough cash to back all the money that people
  will demand to have withdrawn. There are far more digital credits stored on
  computers than there are physical paper notes. This will be a huge problem
  and it appears as if they are trying to address this problem in the video
  under the guise of other types of disasters. Hurricane Katrina is referenced
  as a real life example that bankers were forced to deal with. They even
  talked about how they needed to dry out large quantities of Federal Reserve
  Notes in order to put them back into circulation.
  
  Last year the U.S. Treasury Department conducted a disaster drill in
  preparation for a potential financial crisis. This video release appears to
  go hand and hand with the concerns that the U.S. Treasury has and this video
  shows that they want their employees to be aware of what steps they can
  taken in a potential crisis. Either way, it is clear that the U.S. economy
  is on the brink of a collapse with gold at all-time nominal highs and
  assorted commodities going through the roof in U.S. Dollar denominated
  terms. It is interesting that they would release this video at a time of
  great economic uncertainty. Why would the Federal Reserve release a video
  like this, if they didn't have concerns about a potential economic disaster?
  It is highly doubtful that they would release this video for the fun of it.
  One thing is for sure, the economy is not looking good and you do not want
  to trust the Federal Reserve or any of their member banks with your money.
  Buy gold and silver. These precious metals will protect you from the
  inflation driven depression that might be coming down the pipe more so than
  any crisis preparedness video.
  
  http://www.blacklis tednews.com/ view.asp? ID=5769
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  • YOUR MONEY
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