May I suggest you wake up, folks? While everybody is being deliberately lulled to sleep, a major, major event is unfolding. Continuation of last week's dialogue ( See that one in the next post)

 
Dov: we need a Nissan Brachah
 me:  Oh, wait on the 19th there should be some news, remember?

The CDS earthquake

On the 20th the Greek story is resurfacing, after being buried since Purim, in case you haven't noticed

They will do their 'auction' of CDS

 Dov: ah the 19th.  really??? so the CDS thing is not yet over??

 me:  of their supposed 3.5 billion CDS, which are more like 3.5 trillion

 Dov:  Is this for real??  I mean could this still be a major economic fashla??

 me:  No. They are deliberating how to pay, how much to pay. whom to pay. All a sham, of course,. lies, lies

 Dov:  Today is the 19th

March 19th

 me:  Remember the news blackout that started on Purim. Since then we haven't heard a word, but when they first acknowledged that CDS had occurred they said March 19 would be the auction.
So tomorrow in the US, Monday.

 Dov:  Yes, but the auction is on Greek time, our time zone.

 me:  makes sense. They gave each other one week, enough time to lull people to sleep.

 me:  The banks are in London, I think, right?

 Dov:  London is two hours behind us.

 me:  So they will make an announcement when we wake up, and on the 20th is the deadline.

 Dov:  unless they have begun DST, then the difference would be one hour.

 me:  But they are burying news, who is to say they will make an announcement, and even if they do, it will all be lies as usual

Oh, and Obama has declared martial law on Friday, did you see?

 Dov:  this coming Friday?  Send me a link.

 me:  This PAST Friday, I will send you the text right now

"I have told you, 12 years ago, that executive orders were already in place to declare a state of emergency and declare martial law and to seize any food, water resources, vehicles, production equipment and facilities, money, gold, etc. and draft civilians for work details and transfer them to residence locations (i.e., prisons) meaning, to take total control of the economy and all other activity; and to abolish state governments and reorganize administration into ten administrative districts. In case that isn't bad enough what this order adds is that it can be done in the name of "preparedness" for national emergency. What are the criteria for invoking totalitarian government? The President will decide that. Will the courts have any power to overrule the Administration? Not likely.
This comes from the Teaparty folks, 'tis true. But don't take their word for it. Look up the order at the link below and read the heavy legalese yourself. Look for any requirement of authorization by Congress or anyone else. Looks to me like the republic now hangs on an executive decision by Barack Hussein Obama that danger is imminent enough that the country must mobilize to be prepared for it.
Tell me again that I'm paranoid. It still doesn't look to me like paranoia. I'm saying it's over. The Republic is a thin facade, nothing more.
Jack"

Urgent: Obama Executive Order: Peacetime Martial Law Signed Yesterday
The Mask is Off
Just in from teapartytribune:This Executive Order was posted on the WhiteHouse.gov  web site on Friday, March 16, 2012, under the name National Defense Resources Preparedness.  In a nutshell, it’s the blueprint for Peacetime Martial Law and it gives the president the power to take just about anything deemed necessary for “National Defense”, whatever they decide that is.    It’s peacetime, because as the title of the order says, it’s for “Preparedness”.  A copy of the entire order follows the end of this story.
Under this order the heads of these cabinet level positions; Agriculture, Energy, Health and Human Services, Transportation, Defense and Commerce can take food, livestock, fertilizer, farm equipment, all forms of energy, water resources, all forms of civil transporation (meaning any vehicles, boats, planes),  and any other materials, including construction materials from wherever they are available.  This is probably why the government has been visiting farms with GPS devices, so they know exactly where to go when they turn this one on.

Specifically, the government is allowed to allocate materials, services, and facilities as deemed necessary or appropriate.  They decide what necessary or appropriate means.
What happens if the government decides it needs all these things to be prepared, even if there is no war?   You likely won’t be able to walk into a store to purchase virtually anything because it will all be requisitioned, “rationed” and controlled by the government.  Construction materials, food like meat, butter and sugar, anything imported, parts, tires and fuel for vehicles, clothing, etc. will likely become unobtainable, or at least very scarce.  How many things are even made here in the USA any more?
   Gas Ration Card ( Click Pic to see more Cards )
WWII era gas ration cards via Old Chester PA.  You couldn’t go on vacation without a “vacation pass”.

Under this new Executive Order, cabinet heads are authorized to loan money, offer loan guarantees and even subsidize payments at above market rates (no bid contracts?) for whatever they need.   This could make Solyndra or Halliburton look like Junior Achievement.   Nothing like a war will generate these kinds of huge profits for the corporate “partners” and you can bet the bankers and contractors are already lining up for this one — because under this order no war is even required!
Here's where you can find the Executive Order: http://www.whitehouse.gov/the-press-office/2012/03/16/executive-ord...

 Dov:  Hmm are they now prepared for something major with the CDSs over the next two days?

 me:  It looks like the US is preparing for mayhem

 Dov:  If the CDS debt balloons into the trillions, that would cause an apocalyptic crisis.

 me:  How long will it take, though? Do you think it is imminent?

I have a feeling a couple of weeks won't make a difference yet.

But tomorrow will start the process.

 Dov:  Did Bloomberg just spill the beans?

http://www.bloomberg.com/news/2012-03-18/monti-presses-ahead-amid-warnings-euro-crisis-is-far-from-over.html

  But you are right.  The Greek thing aint over yet.

 me:  You see the obfuscation? How they do everything in their power so people won't have a clue what they are talking about? Saying something without saying anything. No wonder people don't have a clue.

And when it hits, it will be mayhem:n "disorderly exit".

Meanwhile  CATHOLIC Hungary is getting off the hook. You see Hungary is a big pal of our Nazi pope, I have so much info about them

 me:  But Greek Orthodox Greece did not get off the hook, it was meant to be destroyed, for the greater glory of the Catholic Church and our Nazi pope

disorderly exit, I can only imagine what is going on in Greece these days, Notice, again, total news blackout

They discuss everything under the sun, but not Greece

Out of sight, out of mind. Tsunami ready to hit, and nobody has a clue

 Dov:  What is this?

http://www.economist.com/node/21550271

 me:  What do you mean?

Because the Economist discusses it? I am sure Jim Sinclair discusses it too. That is not mainstream media!

 Dov:  The Economist article wants to placate all fears.

I don't know if it can be believed.  It is still saying that only 3.2 billion Euro in CDSs have been triggered which they say is no big deal.

 me:  Yes. Jim Sinclair thought otherwise.I am reading him right now

 Dov:  Has anything else appeared over the weekend?

to sharpen the focus now that the fateful two days have arrived.

 me:  http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-national-defense-resources-preparedness

 Dov:  They seem to have delayed final swapping until Rosh Chodesh Nisan on the 23rd.

to coerce more investors I assume.

 me:  Where did you see this?

 Dov:  In the Economist article.  Plus I saw other references to the three day delay too elsewhere.

 me:  

"Knowledge is power. Barack Obama signs an executive order this past Friday in preparation of national chaos."

That is what Jim Sinclair wrote

 Dov:  Send me a Jim Sinclair link to his most recent stuff if you have it.

 me:  http://www.jsmineset.com/

Dov:  ok, but I must admit.  I am not sure that the CDS triggers is going to cause a financial apocalypse.  I did not see where Sinclair thinks that something wild is going to happen this week.  Or am I missing something?

 Sent at 1:20 AM on Monday

 me:  He didn't say something wild is going to happen this week. He mentioned the executive order, and says that Obama is preparing for chaos. Didn't say exactly when. But if you recall last week he discussed the CDS at great length.

Dov: Dov:  Nigel Farage is talking about Greek default.  He is calling it major.

 me:  OK., I will watch too. Could I have the link, please?

 Dov:  110 German bondholders of Greek debt are suing tomorrow.  Now this was not reported.

 Dov:  http://www.youtube.com/watch?v=tivRCQqBFGA&feature=player_embedded#

 Dov:  more Farage.  He is a motor that never stops
.http://www.youtube.com/watch?v=9jUjCbu6NPY&feature=endscreen&NR=1

So we did it after all. Elucidating what is going on against all odds. Hashem is great.

 Dov:  Baruch HaShem.  So this week might be interesting after all.  At some point the obfuscation blows up.

 me:  Now I understand why taxi fares are going up like crazy, and why they are herding people into the trains. Gasoline is going to be unaffordable pretty soon; even buses will be too expensive. Good bye cars.

I hope people are prepared.
 Dov:  Do you think that the bottom will fall out this week?  Is that even possible?

  me:  That I have no idea. Again timing is very , very difficult.

Dov:  This is definitely a risk laden week with 110 German bondholders of Greek debt suing the Greek govt. and the ECB and I forget who else they are suing.

 me:  We only know that a major, major crisis is in evolution.
UPDATE:
Dov:  So now they are saying that because it is an auction that CDS insurance is only paying out at 80% of actual losses.

 me:  Such crooks, making all the rules, ripping people off right and left,. And there is nobody to sue of course.

 

Such 'chen', such beautiful Neshamas, beautiful souls. Enjoy. God bless them.

Happy Jewish children, for a change. Granted, the costume leaves to be desired; but that can be fixed easily!

Sign posts along the way: first Costa Concordia, then Costa Allegra, now this: when WE suffer, THEY suffer; why do I have a feeling Edom's fortunes are turning?

 Pictures we have come to associate with terror bus bombings in Jerusalem... not this time.

See also:

http://israeltruthtimes.blogspot.com/2012/03/payback-time-for-edom-timing-sure-is.html

Maybe it makes me seem heartless; but facts are facts.

Of course, this is sad, tragic; the children were really cute, the school seems lovely... but it is hard not to see the connection: 

• our children in Ashkelon, in Beer Sheva, in Ashdod, in Netivot, etc., are also suffering as we speak;
• not to mention multiple past Jerusalem bus bombings when Edom couldn't have cared less; 
• the massacred school children in Maalot - Edom couldn't have cared less; 
• Hitler, one million Jewish children slaughtered, massacred, starved to death  - not only couldn't Edom have cared less, they were instigators and participants;
• etc. etc....

...So now it is they who are experiencing the heart-wrenching traumas our children, our mothers, our fathers have experienced for years, for centuries, even for millenia; terrible pain.

Edom cannot help our enemies with impunity any longer; when WE suffer, THEY suffer.

For the uninitiated: Edom, in Jewish tradition, stands for Rome, the historically antisemitic Christian/Western world.

UPDATE:

3 Jewish children murdered by a terrorist in Toulouse, in a school: is there going to be the same outpouring of world sympathy for the families of the poor, innocent ones?

 We didn't have to look far, did we:

EUROPEAN UNION  FOREIGN POLICY CHIEF, Catherine Ashton:
 “When we think of what happened in Toulouse today, when we remember what happened in Norway a year ago, when we know what is happening in Syria, when we see what is happening in Gaza and in different parts of the world – we remember young people and children who lose their lives." (Statement quickly whitewashed by the EU after realizing they had gone too far this time)

So much for compassion when Jewish children get massacred. So, Jew hating Edom, your time is coming: your cup of evil is filling up, the blood of your precious children will flow like water when God is finally tired of your evil hearts.

On the other hand, many decent non-Jews did express hurt and outrage at this recent antisemitic massacre, and we thank them.

 So there are both kinds in Europe; which group did these families belong to?

If they were innocent and didn't hate Jews in their hearts, if they didn't rejoice in the suffering of Jewish children and Jewish families, let them accept my sincere condolences: my heart goes out to them, and I wish them deep consolation from Heaven.

 Two of the children killed in the bus crash; I feel really bad for these innocent children; nice sweet kids, really...

•  Sobbing families identify Swiss bus crash victims

 http://www.dailymail.co.uk/news/article-2114749/Swiss-bus-crash-First-pictures-22-children-adults-killed.html

 

• "A Catholic chapel in Sierre was opened to allow the public to pay their respects to the victims, and a memorial mass was planned for Thursday evening at the town's Holy Cross church.

The Vatican conveyed its condolences to Belgium's Archbishop Andre-Mutien Leonard.

Pope Benedict XVI was praying for the mourning families and had conferred a special blessing on all affected, the Vatican statement said, and he wished to express his "profound sympathy" to the injured and their families and his sense of "closeness" to the rescue workers."

 http://www.usatoday.com/news/world/story/2012-03-15/Swiss-bus-crash-victims-families/53547714/1?csp=34news

•  Belgium's national day of mourning announced for Friday

CBC.ca - ‎35 minutes ago‎

The driver of a bus that crashed in Switzerland, killing 22 schoolchildren and six adults, may have been trying to insert a disc on the onboard entertainment system shortly before the accident, Swiss and Belgian papers have reported.

Swiss bus crash that killed 28 'like a bomb' for small Belgium town

National Post - ‎1 hour ago‎

By Nicolas Delaunay LOMMEL, Belgium — Classmates of children killed in a Swiss alpine tunnel wept in the schoolyard Thursday as the sleepy Belgian hometown of many of the victims faced up to the trauma of the horrific crash.

• Ashdod, Ashkelon, Gan Yavne, Kiryat Malachi: No School

There will be no classes, Friday in Ashdod, Ashkelon and Kiryat Malachi, due to the security situation in southern Israel. While the same will hold true for most of the schools in the Gan Yavne local council area, twelfth graders will learn in areas fortified against missile attacks, as will special education students in districts more than 40 kilometers/26miles from Gaza.
Earlier, Be'er Sheva and Ofakim announced they would not be holding classes either.

Israeli children hiding from rockets

Report: Dead in Toulouse are Israeli Rabbi and his Two Children

A man opened fire on people waiting at a school drop-off point and then fled on a motorcycle.

By Gil Ronen

First Publish: 3/19/2012, 10:18 AM

Binyamin Toati, Head of the France Desk of Bnei Akiva, told Arutz Sheva that there are reports that the man who was killed is a rabbi who served as an Israel shaliach (emissary) at the school and that two of his children were killed with him.
Sources in the ZAKA emergency services organization reported Monday that six people are dead in a terrorist attack in Toulouse, in south-west France. The dead are five students and a teacher, the sources told Arutz Sheva.

French press reported a smaller death toll. It said that two children were among at least three people killed in a shooting outside a Jewish school. Two other children are reported fighting for their lives. Voice of Israel radio said the school is named Ozar HaTorah.

The French news reports said the dead are a teacher and two children, and that two other children were badly wounded.
They said a man opened fire on people waiting at a school drop-off point and then fled on a motorcycle. The gunman used two weapons – one with a caliber of 9mm, the second with a caliber of 11.43 mm.

France's Interior Ministry ordered increased surveillance around Jewish schools, and Interior Minister Claude Gueant said he will visit the school on Monday morning.

The Chief Rabbi of France, Gilles Bernheim, said he was "horrified" by what happened in Toulouse. "I am bruised in my body and my soul," he added.

The shooting comes three days after three French paratroopers were shot dead by a man 30 km. from Toulouse. AP reported that two French paratroopers were shot in the town of Montauban, near Toulouse, on Friday, when a gunman on a black motorbike pulled up at a cash machine and opened fire. An 11.43 mm. weapon was used in that attack as well, according to the news reports.

Police saw a connection between those killings and to another deadly shooting of a soldier in Toulouse just over a week ago.

..."Murdered in the drive-by shooting attack  in front of the Otzar HaTorah School in France were Yonatan Sandler, 30 from the Kiryat Yovel neighborhood of the capital along with his two sons Aryeh (3) and Gavriel Yissacher (6) as well as a daughter of principal, Miriam Montenego (8) HY”D."

 http://faceshuk.jewpi.com/members/JewPI/activity/951775/

No morals, no brains, and no divine inspiration: see the faces, and remember.

200,000 Students Home Because of Rockets

School has been cancelled in nearly all towns in southern Israel, in the wake of the ongoing rocket attacks over the weekend. All schools within 40 kilometers of the Gaza border, including Be'ersheva, will not hold classes Sunday. Altogether some 200,000 students will not be attending class Sunday.

Schools to be closed will include elementary, junior high, and high schools. Students at Ben Gurion University in Be'ersheva are advised to contact the school for information.

.... And listen to Shaul Mofaz now ( you heard what he said in 2005): isn't he ashamed of himself? How could they put this Chelmite in charge of a "Defense Committee", I ask you?

Call to Declare a 'Special Situation' in Israel's South

The powerful Knesset Foreign Affairs and Defense committee is calling for a 'special situation' in Israel's south as rockets rain down.

By Gavriel Queenann

First Publish: 3/12/2012, 5:31 PM

MK Shaul Mofaz

The Knesset Foreign Affairs and Defense Committee on Monday demanded the government declare a "special [security] situation" in Israel's south.
Over 200 rockets have been fired at Israel's southern communities since Friday, while IAF retaliatory raids have killed 23 in Gaza.
The committee, headed by Shaul Mofaz (Kadima), also called for an extensive review of operations by the IDF Homefront Command in light of the recent escalation.
Declaring a "special situation" would allow the government to grant to residents affected significant economic assistance designed to help them cope with the disruption of their daily lives. For instance, declaring a "state of emergency" allows parents to remain home with children whose schools are closed without a loss of income.
Mofaz told the committee "Gaza is not a nature reserve, and the terrorist leaders must not feel that safe."
MK Amir Peretz (Labor) hailed the Iron Dome system, which has intercepted 90% of the incoming rockets, but also called for an accounting of the stockpiles used to "replenish" the system.
MK Avi Dichter (Kadima) said that "since Friday the State of Israel has entered a war of attrition."
He called on the IDF to significantly increase the "rate of acquisition" and "review the deployment" of Iron Dome batteries in order to provide complete protections for Israel's southern communities.
Israel has a limited number of Iron Dome batteries at present, though orders for more are expected.
Israel's anti-rocket systems have proven highly effective, but critics say they are expensive to use and do nothing to address the underlying problem – the firing of rockets in the first place.
If Israel were to root out the terror infrastructure in Gaza and Southern Lebanon, they say, Iron Dome would be largely unnecessary.
MK Michael Ben Ari (National Union) said that the government decision not to declare a “special situation” thus far amounted to an “unfair taxation on residents in the South.”

.... And in Hebrew, listen to the great genius Yitshak Rabin - thank you, Boaz:

Speculation at this point; but what if we are right? Real risk to your money in big 5 US banks. Please read discussion below and understand our concerns. Then it's up to you.

me: SENIOR GREEK GOVT OFFICIAL SAYS TAKE-UP IN DEBT SWAP EXCEEDED 75 PCT LATE LAST NIGHT

9:00 PM Just found that on Zerohedge, did you see?

9:02 PM Dov: Yes, I saw the claim earlier, but is it official or is the official speaking hopefully?

9:05 PM me: Who knows, liars, dictators, who is to say. But it seems that the bankers will have what they want, whether by coercion or lies.

9:06 PM http://www.reuters.com/article/2012/03/08/us-greece-idUSBRE8270FH20120308

 Dov: The problem is that the MSM including Reuters as one of the worst offenders are willing participants in the lies

9:07 PM me: Yes, of course. It seems they held a gun, or whatever it is they are blackmailing the hedge funds with, to their heads

9:08 PM Look, if Bibi lies, Likud lies, why shouldn't the Greek government lie?

9:09 PM Dov: So who can give us the real scoop? It is a real desert of information in a world full of liars at this time.

9:10 PM me: It seems that the lies decide policy. With other words, they cover up while they coerce and deprive people of their rights.

  I will check the website I usually check for Greece. Will be back in a couple of minutes, and will give you the link.

9:11 PM Dov: Also what are Jim Sinclair or Kyle Bass saying. I trust those two.

9:12 PM me: Didn't read. Then there is also Greg Hunter

 Dov: ok

 me: Will read, give me a minute

9:16 PM http://www.stopcartel.net/index.php

17 minutes

9:33 PM Dov: Well if the claim of 75% participation is correct, the cankickers have won again. Happy Shushan Purim.

9:34 PM me: Dov, they are the bosses, remember? Dictators, monarchs, whatever you want to call it. They call the shots. What can we do?

9:35 PM The game is totally, completely rigged,

9:36 PM The thieves, the robbers. the criminals, do absolutely what they want

  until Hashem will decide that enough is enough and once and for all punishes them. When that will be...?????

9:38 PM Dov: I guess I was hoping for a Shushan Purim miracle. Ya'ak is saying that the focus of the Geulah will revolve around 17th of Tamuz, 9th of Av, and 10th of Tevet to make them feast days. I don't know anymore.

9:40 PM I do know that it is exactly 72 1/2 years since Hitler invaded Poland this Sunday. And the Zohar seems to make a big deal about that figure. Hitler invaded on the 17 Elul 5699.

9:42 PM Dov: www.telegraph.co.uk

9:50 PM "It now looks as if Greece will use CACs, resulting in a coercive restructuring or default – something which Greece and the eurozone have spent eight months trying to avoid. At some point serious questions need to be asked over the amount of time and money which has been wasted on what has ultimately amounted to a failed policy. The is compounded by the fact that the package still offers little hope of making debt sustainable in Greece and puts taxpayers at the risk of greater losses under, what looks to be, an inevitable Greek default."

9:51 PM So if CAC 's are activated, that means that CDS's are activated too, right? With other words, the banks will have to pay up, right?

12 minutes

10:04 PM Dov: What is the difference between CAC and CDS

 me: We discussed this the other day. Let me try to retrieve that e-mail.

10:05 PM Credit Default swap is the insurance that the big banks have to pay up if the country is in default.

 Dov: yes

10:06 PM me: CAC means that the individual bond holders did that under duress. Therefore it counts as a default event, and the big banks do have to pay up anyway. If I recall.

  I mean, they agreed to accept the deal under duress, sorry.

  So I think after all the banks should have to pay,. Although don't bet on it,

10:07 PM They will find a way out of it., The only problem is, if they do that, nobody will trust them again, nobody will buy their products, and I think it will kill the bond market, If I recall.

10:12 PM "I didn't know about the CAC's. So it means the big banks that decide whether to declare CDS are limited? They will be forced to declare CDS against their own will?
2:13 AM Dov: I have given up predicting anymore. just talking about possibilities and eventual results. I should never have given exact dates.
me: You are right. Am I understanding this correctly, though?
2:14 AM Dov: It seems that with all the smoke and mirrors at the end of the day if they don't have 95% of the creditors it collapses. So the smoke and mirrors will be heavy until Purim."

  This was the conversation. You should have it on your computer too, March 4th, 2 AM

 Dov: Someone just told me that the Greeks for some odd reason will not be making an announcement until Friday night, after all the European markets are closed. very very odd. Ok let me look.

10:13 PM me: I think it will all fall apart. The question is, will our banks be closed then? What do you think?

10:15 PM Dov: yes, it could be possibly as early as sometime next week.

 

  if they don't get more than 75% I suspect.

10:16 PM me: So there will be what you call a miracle after all, it appears.

  Time to go to the bank Sunday morning first thing

 

10:17 PM Dov: I think that the announcement by the "Greek official" may just be one of those smoke and mirrors statements. Yes, 72 1/2 years exactly after the invasion of Poland is this coming Sunday, the 17th of Adar.

10:20 PM Dov: Sept. 1st, 1939 was the 17th of Elul, 5699. The Zohar makes a really big deal about that exact figure of 72 1/2 years. It is not me. It is the Zohar. So we will see. Perhaps that is why the Greeks are waiting until Friday night to make any truly official announcement. Obfuscation would be the only reason not to make official announcements on exact percentages of participation first thing tomorrow morning.

  Why wait until late Friday night?

10:22 PM me: They always like to make dramatic changes over the week-end, when people can't react. Don't forget that whatever they say Friday night only applies on Monday mornings in the West, because their banks are closed on Sundays. But not here. We have the advantage. So any major dramatic change won't take place in the markets until Monday. Status quo until then, Then it is anybody's guess.

10:23 PM Dov: Yes, and Sunday is the exact 72.5 year mark from the Zohar.

10:25 PM me: So maybe we should tell people to withdraw money from their banks, on Friday in the US, on Sunday in Israel?

  I know, we are sticking out our necks for them to be chopped if we are wrong, On the other hand....

10:27 PM Dov: No one will believe us anymore. I stuck my neck out enough . Everything that I posted on my blog in September, October, and November still applies today.

10:28 PM me: I think I will remind people to take money out. If they laugh at me so be it.

  Or do you think it is premature? It will take a while until it trickles down?

10:29 PM Dov: I would wait until they officially do not release exact participation figures first thing tomorrow morning.

10:30 PM me: I mean, if those big five are exposed, it is shown that they will have to pay massive amounts, don't you think that would cause a run on the banks everywhere, specially in the US?

 Dov: If they are afraid to post exact figures tomorrow morning, I would post a red alert note of caution.

 me: USBS, Citigroup, JP Morgan, Goldman Sachs, and Bank of America.

 Dov: that the Greeks cannot be trusted. Those are the five banks with CDS insurance?

10:31 PM me: Those are the ISDA members. The ones that make the rules.

 Dov: yes, Jim Sinclair mentioned that five banks in the US offer the insurance internationally.

10:32 PM And if the CDSs are triggered, yes that would cause a panic even in the US.

10:33 PM  most credit cards would also stop working in a short time too.

  Citi cards for instance

10:34 PM And Chase cards too

 me: Those banks will go broke.

  The question is when. And who will rescue them?

 

  How long do you think it will take?

 Dov: When they can not afford all those seeking insurance.

 me:USBS, BoA, Chase, USBC, Citigroup. Those 5

 Dov: This has never happened before. So we have within a very short time the inability to use all Chase, BOA, and Citi cards. fascinating

 me: That means those banks will go broke. They will probably steal everything in their accounts.

10:36 PM In everybody;'s account. Just like MF Global.

 Dov: OMG it would get ugly fast. 1 million times worse than MF Global

10:38 PM Devorah just sent me a comprehensive article:

  http://www.theage.com.au/business/world-business/greece-could-default-within-hours-20120308-1um68.html

  She is Australian.

10:42 PM great article. I like the Armegeddon option. That one is interesting.

 me: I am reading it now.

  Thanks

37 minutes

11:21 PM Dov: So is Tyler agreeing that the 75% participation rate is genuine? Is there any skepticism?

....I think Americans who have money in the big 5 better take it out.

11:24 PM Dov: So we still are in the dark even now. meant to be.

29 minutes

11:53 PM Dov: Glenn Beck is going nuts about the testimony of Leon Panetta before Congress. I think you just posted something about that.

11:55 PM me: Yes, I just did. Plus I found this incredible article on Whatdoesitmean about the pope and the NWO. I added part of it, relevant, to the post,.

  The Pope is behind everything we are experiencing, you should know. A big nazi.

11:59 PM And look at another premonitory title, which would make a lot of sense considering the Greek situation:

  Planned US Internet Blackout On March 8 Raises Concerns:

 Dov: When is there going to be a blackout?

 me: http://www.whatdoesitmean.com/index1561.htm

12:00 AM It doesn't necessarily mean it's true., Very often they fantasize; but in this case it would make sense. After all, if there is going to be CDS declared, they would not want the public to know beforehand, would they

12:01 AM Dov: nope. So when do we find out and how?

 me: That is what the blackout is all about. One needs to do deep sea diving and fishing to discover the truth!

12:02 AM That is why I think we do need to warn unsuspecting people specially in the US where it is most likely to hit.

  Because of the big 5. Just WHEN is the question.

 Dov: Plus I notice that this CAC provision seems to be a unilateral addition of the Greek government long long after they sold the bonds to the unsuspecting investors. How in HaShem's Name can anyone change the terms of a contract unilaterally after the fact?

12:04 AM me: I don't know. But the CAC's mostly have to do with rating agencies. THEY are the ones who would rate a default. It has nothing to do with the contract. Once the rating agencies rate a default, the public will react, and the big 5 will need to honor their contracts or lose customers and their reputation.

12:05 AM Dov: So this is a default with a lot of whitewash. A lot of smoke and mirrors to prevent panic.

12:06 AM 2. A forced deal: between 66 per cent and 90 per cent of bondholders accept; Athens steps in and imposes the deal on the others. In Athens, the voluntary deal seemed unobtainable weeks ago. So last month politicians approved of Collective Action Clauses (CACs) being inserted retrospectively if necessary.
These CACs allow the government to foist the deal on all bondholders if 66 per cent of those who vote approve the deal. So the deal will get done but this time the coercive element can’t be ignored: rating agencies have said they will declare Greece to be in default.
The International Swaps & Derivatives Association is also likely to reconvene to decide if the credit default insurance ought to be triggered.


Read more: http://www.theage.com.au/business/world-business/greece-could-default-within-hours-20120308-1um68.html#ixzz1oZ88CqQB

 me: Well, we are really not sure yet. Not until the Greeks spill the beans. But if there is a default, then yes.

12:07 AM I already read that one, you sent it earlier.

  This is a major story, buried under mounds of rubbish.

 Dov: "So last month politicians approved the CACs being inserted retrospectively" Is that retroactively?

12:09 AM me: The Greek gov saw they would never get what they wanted, so they changed the rules as they went along. As I told you, dictatorial and not to be believed. Don't forget their boss is a Bilderberg man, Papademos.

12:10 AM But it doesn't change anything, the world is not buying it, the rating agencies said: if you do that, if you force the bondholders to accept your deal, we will still rate you in default. So maybe they get their money from the ECB, but for insurance purposes they are in default anyway.

  So it is a sham, but has no effect on the global domino effect

12:12 AM Dov: yes, I looked up the word retrospectively. It is a synonym of retroactively. unbelievable. So why is no one reporting this? Is ZH on the case? I can't always understand Tyler's alphabet soup jargon.

  Is Zerohedge on the case?

12:13 AM me: It's called dictatorship. What else is new? Rome will get what they want, since when do they honor agreements?

 Dov: This is crazy. I think I am watching organized insanity.

 me: Am I understanding this correctly?

12:14 AM But they can't control it all, thank God.

 Dov: I think so. The Greek gov. last month inserted a clause of coercion against the 33% of defiant investors to force them to comply

 me: There will still be a default. What they can control is people's perception of the default, Through media manipulation.

12:16 AM So people are asleep at the wheel, leave their money in the bank, and poof, up in smoke. Maybe that is why it dragged itself out for so long, so people would get tired of the whole scene and stop paying attention. I did.

12:17 AM Dov: and that is what this is. This CAC provision is part of the process of creating something out of nothing that was not part of any original agreement when the bondholders bought the bonds. It is 100% smoke. And it stinks like cannibus because it acts as a mind-altering drug to soothe the public.

 me: So we do have a big job, which is to warn people. However, we still don't know the truth, and won't know until Sunday. By then it will be too late for Americans to withdraw their money.

 Dov: Yes, the 17th of Adar exactly 72.5 years after the beginning of WW2.

 Maybe when we end Shabbat on the 17th of Adar we will be entering a new world. again just a prayer.

 me: Amen.    UPDATE Friday morning, 10:15 AM:

Dov:  They got all the participation that they needed.  me:  Yes. But under CAC's! So the CDS's still might need to be activated according to S&P etc. It only means that the Euro is not collapsing at this minute, They didn't have 95% voluntary.  Dov:  Then why are they reporting 95.7% participation?  Is that accurate on Bloomberg or more smoke.?  me:  They FORCED 95.7%. Why not 100%? Would be too obvious? Like Mugabe's election? FOLLOW-UP, Motzaei Shabbat  Shavuah Tov to all, It is really not my place to give financial advice to anybody. All I can do is share information I have received ( actually, Dov got that info, and shared it with me), and then you have to make your own decision. Here are a few links. Read, and then decide. As for myself, I have come to the conclusion that the danger of a run on the banks is definitely there, but not  immediate, and certainly not mainly or only in Israeli banks, Other banks, European, etc, could also be seriously affected, specially the banks that offered CDS.  Again, this is speculation, and you have to make your own decisions. For the medium term though, by that I mean starting a week from now or so, I would be very weary, and would follow the situation like a hawk, as it could deteriorate quite quickly. On the other hand, what is certainly bound to arrive, the question again is when, is massive hyperinflation, due to massive printing of dollars etc. So what I would recommend, which I have already recommended in the past, is to have plenty of staples around: when everyday basics are too expensive to afford, you will be glad you are well supplied. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/9_Sinclair_-_Greek_Tragedy_Part_of_$37_Trillion,_Not_$3.5_Billion.html http://www.forbes.com/sites/afontevecchia/2012/03/09/on-greece-defaults-and-the-future-of-derivatives/ http://online.wsj.com/article/SB10001424052970204603004577270542625035960.html?mod=WSJEurope_hpp_LEFTTopStories   http://www.zerohedge.com/news/greece-has-defaulted-here-where-we-stand The conversation we had was very long, so I will spare you.