Bank Holidays/Closures as the H1N1 Flu Pandemic Nears FDIC Funds Dwindle
(FEDERALJACK) Something smells fishy to me here. Ive been hearing rumors about possible bank closures around September for a few months now. I finally got my confirmation while cruising around on Steve Quayles site which then lead me to the tennnessee.gov website. Turns out that if bank closures do happen the excuse that is going to be used is the H1N1 Flu Pandemic. This pandemic was raised to a level 6 in June 2009 by the World Health Organization (WHO).
According to the Department of Financial Institutions of TN, on the www.tennessee.gov website, it states that The Department of Financial Institutions considers bank determinations that H1N1 outbreaks pose legitimate health risks to the general public or significantly impacts the ability of a banking institution to maintain an appropriate level of personnel on site to meet customer needs to be included among any “similar disaster” as referenced in TCA §45-2-603. Other events may also be included among any similar disaster, and the directorate and executive management are encouraged to use reasonable discretion in applying TCA §45-2-603 and §45-2-604.
However, the safety of institution personnel and local citizens are of paramount importance when evaluating the appropriateness of closing offices. it later continues by stating that This bulletin shall serve as notice that no specific prior approval from the Department is required for Tennessee state-chartered banks to be closed more than two consecutive business days should a Tennessee state-chartered bank, in its discretion, determine it is necessary to temporarily close the bank or an office of the bank in accordance with TCA §45-2-603 and §45-2-604, pursuant to an H1N1 outbreak or similar disaster.
Read the whole article at: http://www.tennessee.gov/tdfi/banking/bulletins/B-09-1.html
Combine that together with the fact that the FDIC has had a major run on its funds this year along with the fact that the FDIC may be officially bankrupt as of August 14th after the latest 5 bank failures. http://globaleconomicanalysis.blogspot.com/2009/08/as-of-friday-august-14-2009-fdic-is.html.
Add to that the derivatives market which is basically paper chasing more paper propping up money that does not even exist in a huge ponzi scheme very similar to the Enron scheme as far as money being laundered back and fourth between hedge funds, things arent looking very good. Were talking $trillions of dollars here at least 49 Trillion$ or more, this is what people are not talking about and what is so scary.
According to Research Analyst Robin Bagger-Sjöbäck, as of August 12th, the FDIC funds had a balance of $648.1 million$. He also indicates that since mid 2009 the FDIC had already used up roughly $16 billion of the fund$.
The FDICs 2nd Quarter Report will be out on 8/25/09 which will indicate how much trouble the banks are really in and trends forecasters are predicting possible closures of Banks from 8/26/09 onward.
So what are the possible scenarios? According to a couple of leaked letters allegedly from a large Midwestern Bank with branches in several states, they state that:
1. All account access was to be limited by the Bank and that any withdrawls, checks, debit cards, or access of credit lines, and IRAs could total no more than $500.00 per one or a combination of accounts every 7 business days until these limitations were lifted by Federal Authorities.
2. All lock boxes were to be sealed and access to contents disallowed by regulations imposed by Executive Order, the IRS, FDIC, and the Federal Reserve Bank until further notice.
So it seems that the combination of this H1N1 pandemic that is looming along with the fact that the FDIC could possibly be bankrupt sounds like some kind of storm is brewing our way.
One theory suggests that the closures would be an excuse to bring in some sort of new currency into the system that would save us from the virus spreading through that evil cash money system the illuminati banksters have been so eager to destroy.
Then immediately an Electronic Money System will be instituted to form the Cashless Society. Of course, a National ID/Proof of Shots Record card or permanent wrist band would be the basis of this system or if they are feeling really bold the actual use of RFID chips could be mandated by the Military and Medical Governors in conjunction with the Federal Reserve and the UN to be needed by anyone in the
U.S. to transact any business, access Bank accounts, obtain medicine or food, or actually to be ..THE MARK WHICH WILL BE REQUIRED TO BUY AND SELL. (Note: the Medical Shot Record Card sample has been held actually in the hand of a deep background source and the Metal Wrist Band device has been confirmed as in existence by another source Greg Evenson who has written about it in an alert of his own.)
http://www.stevequayle.com/News.alert/08_Hawk/090818.bank.run.html
Either way I would suggest that everyone should have some reserve/emergency cash in their house and to not wait until last minute in case banks do decide to take a bank holiday. I would also recommend for people to purchase gold 1oz coins (Kruggerands tend to be the cheapest) to hold the value of the money over a longer period of time. Think of it kind of like fire insurance not so much as an investment, although it tends to do well over time, along with purchasing some silver for small transactions.
An excellent way to do this is to purchase junk silver which is basically change/silver coins minted on or before 1964. Easiest place to purchase that is by doing a search on e-bay for junk silver or junk coins. During the great depression, when the dollar was devalued, people ended up buying goods with the silver coins since they
had some sort of value unlike the worthless dollar.
Also, if the shit really hits the fan, it would be good to familiarize yourself with survival techniques in case some sort of collapse does happen. We have a survival section up on
our site to help familiarize yourself with different tehcniques: http://www.federaljack.com/special-coverage/survival/
More tips can be found here as well: http://www.stevequayle.com/News.alert/06_Prep_tips/06_Prep.index.html
http://www.wnd.com/
Lose your property for growing food?
Big Brother legislation could mean prosecution, fines up to $1 million
Posted: March 16, 2009
8:56 pm Eastern
By Chelsea Schilling
Some small farms and organic food growers could be placed under direct supervision of the federal government under new legislation making its way through Congress.
House Resolution 875, or the Food Safety Modernization Act of 2009, was introduced by Rosa DeLauro, D-Conn., in February. DeLauro's husband, Stanley Greenburg, conducts research for Monsanto the world's leading producer of herbicides and genetically engineered seed.
DeLauro's act has 39 co-sponsors and was referred to the House Agriculture Committee on Feb. 4. It calls for the creation of a Food Safety Administration to allow the government to regulate food production at all levels and even mandates property seizure, fines of up to $1 million per offense and criminal prosecution for producers, manufacturers and distributors who fail to comply with regulations.
Michael Olson, host of the Food Chain radio show and author of "Metro Farm," told WND the government should focus on regulating food production in countries such as China and Mexico rather than burdening small and organic farmers in the U.S. with overreaching regulations.
"We need somebody to watch over us when we're eating food that comes from thousands and thousands of miles away. We need some help there," he said. "But when food comes from our neighbors or from farmers who we know, we don't need all of those rules. If your neighbor sells you something that is bad and you get sick, you are going to get your hands on that farmer, and that will be the end of it. It regulates itself."
The legislation would establish the Food Safety Administration within the Department of Health and Human Services "to protect the public health by preventing food-borne illness, ensuring the safety of food, improving research on contaminants leading to food-borne illness, and improving security of food from intentional contamination, and for other purposes."
Federal regulators will be tasked with ensuring that food producers, processors and distributors both large and small prevent and minimize food safety hazards such as food-borne illnesses and contaminants such as bacteria, chemicals, natural toxins or manufactured toxicants, viruses, parasites, prions, physical hazards or other human pathogens.
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Under the legislation's broad wording, slaughterhouses, seafood processing plants, establishments that process, store, hold or transport all categories of food products prior to delivery for retail sale, farms, ranches, orchards, vineyards, aquaculture facilities and confined animal-feeding operations would be subject to strict government regulation.
Government inspectors would be required to visit and examine food production facilities, including small farms, to ensure compliance. They would review food safety records and conduct surveillance of animals, plants, products or the environment.
"What the government will do is bring in industry experts to tell them how to manage all this stuff," Olson said. "It's industry that's telling government how to set these things up. What it always boils down to is who can afford to have the most influence over the government. It would be those companies that have sufficient economies of scale to be able to afford the influence which is, of course, industrial agriculture."
Farms and food producers would be forced to submit copies of all records to federal inspectors upon request to determine whether food is contaminated, to ensure they are in compliance with food safety laws and to maintain government
tracking records. Refusal to register, permit inspector access or testing of food or equipment would be prohibited.
"What is going to happen is that local agriculture will end up suffering through some onerous protocols designed for international agriculture that they simply don't need," Olson said. "Thus, it will be a way for industrial agriculture to manage local agriculture."
Under the act, every food producer must have a written food safety plan describing likely hazards and preventative controls they have implemented and must abide by "minimum standards related to fertilizer use, nutrients, hygiene, packaging, temperature controls, animal encroachment, and water."
"That opens a whole can of worms," Olson said. "I think that's where people are starting to freak out about losing organic agriculture. Who is going to decide what the minimum standards are for fertilization or anything else? The government is going to bring in big industry and say we are setting up these protocols, so what do you think we should do? Who is it going to bring in to ask? The government will bring in people who have economies of scale who have that kind of influence."
DeLauro's act calls for the Food Safety Administration to create a "national traceability system" to retrieve history, use and location of each food product through all stages of production, processing and distribution.
Olson believes the regulations could create unjustifiable financial hardships for small farmers and run them out of business.
"That is often the purpose of rules and regulations: to get rid of your competition," he said. "Only people who are very, very large can afford to comply. They can hire one person to do paperwork. There's a specialization of labor there, and when you are very small, you can't afford to do all of these things."
Olson said despite good intentions behind the legislation, this act could devastate small U.S. farms.
"Every time we pass a rule or a law or a regulation to make the world a better place, it seems like what we do is subsidize production offshore," he said. "We tell farmers they can no longer drive diesel tractors because they make bad smoke. Well, essentially what we're doing is giving China a subsidy to grow our crops for us, or Mexico or anyone else."
Section 304 of the Food Safety Modernization Act establishes a group of "experts and stakeholders from Federal, State, and local food safety and health agencies, the food industry, consumer organizations, and academia" to make recommendations for improving food-borne illness surveillance.
According to the act, "Any person that commits an act that violates the food safety law may be assessed a civil penalty by the Administrator of not more than $1,000,000 for each such act."
Each violation and each separate day the producer is in defiance of the law would be considered a separate offense and an additional penalty. The act suggests federal administrators consider the gravity of the violation, the degree of responsibility and the size and type of business when determining penalties.
Criminal sanctions may be imposed if contaminated food causes serious illness
or death, and offenders may face fines and imprisonment of up to 10 years.
"It's just frightening what can happen with good intentions," Olson said. "It's probably the most radical notions on the face of this Earth, but local agriculture doesn't need government because it takes care of itself."
Food Safety and Tracking Improvement Act
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Another "food safety" bill that has organic and small farmers worried is Senate Bill 425, or the Food Safety and Tracking Improvement Act, sponsored by Sen. Sherrod Brown, D-Ohio.
Brown's bill is backed by lobbyists for Monsanto, Archer Daniels Midland and Tyson. It was introduced in September and has been referred to the Senate Agriculture, Nutrition and Forestry Committee. Some say the legislation could also put small farmers out of business.
Like HR 875, the measure establishes a nationwide "traceability system" monitored
by the Food and Drug Administration for all stages of manufacturing, processing, packaging and distribution of food. It would cost $40 million over three years.
"We must ensure that the federal government has the ability and authority to protect the public, given the global nature of the food supply," Brown said when he introduced the bill. He suggested the FDA and USDA have power to declare mandatory recalls.
The government would track food shipped in interstate commerce through a recordkeeping and audit system, a secure, online database or registered identification. Each farmer or producer would be required to maintain records regarding the purchase, sale and identification of their products.
A
13-member advisory committee of food safety and tracking technology experts, representatives of the food industry, consumer advocates and government officials would assist in implementing the traceability system.
The bill calls for the committee to establish a national database or registry operated by the Food and Drug Administration. It also proposes an electronic records database to identify sales of food and its ingredients "establishing that the food and its ingredients were grown, prepared, handled, manufactured, processed, distributed, shipped, warehoused, imported, and conveyed under conditions that ensure the safety of the food."
It states, "The records should include an electronic statement with the date of, and the names and addresses of all parties to, each prior sale, purchase, or trade, and any other information as appropriate."
If government inspectors find that a food item is not in compliance, they may force producers to cease distribution, recall the item or confiscate it.
"If the postal service can track a package from my office in Washington to my office in Cincinnati, we should be able to do the same for food products," Sen.
Brown said in a Sept. 4, 2008, statement. "Families that are struggling with the high cost of groceries should not also have to worry about the safety of their food. This legislation gives the government the resources it needs to protect the public."
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Recalls of contaminated food are usually voluntary; however, in his weekly radio address on March 15, President Obama announced he's forming a Food Safety Working Group to propose new laws and stop corruption of the nation's food.
The group will review, update and enforce food safety laws, which Obama said "have not been updated since they were written in the time of Teddy Roosevelt."
The president said outbreaks from contaminated foods, such as a recent salmonella outbreak among consumers of peanut products, have occurred more frequently in recent years due to outdated regulations, fewer inspectors, scaled back inspections and a lack of information sharing between government agencies.
"In the end, food safety is something I take seriously, not just as your president but as a parent," Obama said. "No parent should have to worry that their child is going to get sick from their lunch just as no family should have to worry that the medicines they buy will cause them harm."
The blogosphere is buzzing with comments on the legislation, including the following:
- Obama and his cronies or his puppetmasters are trying to take total control nationalize everything, disarm the populace, control food, etc. We are seeing the formation of a total police state.
- Well ... that's not very " green " of Obama. What's his real agenda?
- This is getting way out of hand! Isn't it enough the FDA already allows poisons in our foods?
- If you're starving, no number of guns will enable you to stay free. That's the whole idea behind this legislation. He who controls the food really makes the rules.
- The government is terrified of the tax loss. Imagine all the tax dollars lost if people actually grew their own vegetables! Imagine if people actually coordinated their efforts with family, friends and neighbors. People could be in no time eating for the price of their own effort.... Oh the horror of it all! The last thing the government wants is for us to be self-sufficient.
- They want to make you dependent upon government. I say no way! already the government is giving away taxes from my great great grandchildren and now they want to take away my food, my semi-auto rifles, my right to alternative holistic medicine? We need a revolution, sheeple! Wake up! They want fascism ... can you not see that?
- The screening processes will make it very expensive for smaller farmers, where bigger agriculture corporations can foot the bill.
- If anything it just increases accountability, which is arguably a good thing. It pretty much says they'll only confiscate your property if there are questions of contamination and you don't comply with their inspections. I think the severity of this has been blown out of proportion by a lot of conjecture.
- Don't waste your time calling the criminals in D.C. and begging them to
act like humans. This will end with a bloody revolt.
- The more I examine this (on the surface) seemingly innocuous bill the more I hate it. It is a coward's ploy to push out of business small farms and farmers markets without actually making them illegal because many will choose not to operate due to the compliance issue.
If you'd like to sound off
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Related offers:
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"Uncle Sam's Plantation: How Big Government Enslaves America's Poor and What We Can Do About It"
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"How Americans Can Buy American: The Power of Consumer Patriotism"
http://www.democracynow.org/features/food_and_water
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