lindabaker Fri Oct 22, 2010 7:47 am
Hi, Vidya, I get the report for free from Clif, but I don't feel right about copying it here...I respect those who write for a living. I wrote to Clif in appreciation of his attempt at humor one time, and they put me on the friends and family list. I've read his most recent report, and the interpretation is of course very subjective. What he is getting is emotionally charged language surrounding a Nov. 7/8 event. This emotional charge is significantly more emotional than the Sept. 11 2001 event. So, this depth of emotion being stronger is difficult to imagine for Americans. It seems to be related to the freezing up of the digital monetary system. Who knows what is the initial cause, but this is what will take place. The dollar is devalued and we have a currency crisis, it will take place first in the international transactions, then bank to bank within the US, at the same time stock and bond markets, essentially bringing everything to a stop until it settles out. What I think this may mean in a practical sense is that we will have at least four days where we won't be able to access our "digits" in the banks. We won't be able to charge anything, use our debit cards, pull cash out of our auto teller machines, or cash a check at the bank. Again, this is my interpretation of Clif's interpretation. However, it will rock the social structure. There are a lot of people who couldn't fathom this ever, ever happening. I have family members who don't use cash, ever. They may be caught without gasoline, food, etc. I think this will make us all realize the extent to which we are dependent on the banking digits. Perhaps this is a lesson we need to learn as a country...that digits are representations of wealth, not real wealth.
We also could possibly expect breakdown of the internet as a cause. I keep my bills paid, gas in the cars, and food in the house. So many people are not so fortunate. Many people live from paycheck to paycheck and are hungry before the next check arrives. Time to share even more, everybody. You can't stockpile food if you don't make enough to feed your family. We will be tested as to who gets to "sit at the table", in my opinion.
This is only my interpretation. The language Clif found indicates high stress for stock brokers, bankers, and the like. Time to bring them into the real world instead of the world that hoards? Will that ever happen? We shall see!