Busted: Bankers and The Global Economy

November 14, 2008

Hal Turner: Dollar About to Crash (Video)

Filed under: banking, money, politics — Tags: , , , , , — digitaleconomy @ 11:27 pm

Force Majeure (French for “superior force”) is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as war, strike, riot, crime, act of God (e.g., flooding, earthquake, volcano), prevents one or both parties from fulfilling their obligations under the contract. However, force majeure is not intended to excuse negligence or other malfeasance of a party, as where non-performance is caused by the usual and natural consequences of external forces (e.g., predicted rain stops an outdoor event), or where the intervening circumstances are specifically contemplated.

Naturally, there is the line about gold being a hedge against collapse which is debatable since determining valuation is an issue, at least for the average Joe. Further, having gold sitting around during a national crisis with riots is of debatable safety. Hal Turner’s suggestion that you exchange your currency overseas is a viable option and would work in this scenario as well as could be expected.  Hal Turner’s statement is generally in line with what is on this website. Is this currency collapse a fabrication?  Considering the behind-the-scenes activities of central bankers or the International Society of Bankers, I think not.  I am quite familiar with that. The national economy has just been fleeced for $3 trillion dollars with the bailout. Think hard and take whatever steps you deem appropriate. ~ E. Manning

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