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A Logical Prediction

November 12, 2012 by  

Dear Bob,

On Page 5 of your October newsletter (The Bob Livingston Letter™) you said that devaluation would take place over the weekend. How do you know this, and how will the government get around the FDIC with banks and how will they get around our Constitutional rights?

Thanks,

Jerry K.

Dear Jerry,

History and logic. The two times the United States has devalued the dollar it took place on a weekend when banks did not open on Monday. It’s logical to make such an upheaval of the system over the weekend. The FDIC is a government agency and, as such, will go along with whatever the government says. Besides, it is simply insurance against loss of deposits and does not apply to devaluation. The Constitution does not matter to the political elites.

Best wishes,

Bob

Filed Under: Asset and Wealth Protection, Conservative Politics, Questions For Bob
Bob Livingston

is an ultra-conservative American who has been writing a newsletter since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • oldbill

    The two devaluations referred to were related to gold. There is no gold standard. An over-the-weekend devaluation would not really accomplish anything. It is easier for the Federal Reserve to continue to use quantitative easing and have the seven largest to-big-to-fail banks continue to loan the money to the Treasury. Everyone has already been in the pot for the water to come to a raging boil with quantitative easing. A weekend devaluation would mean the Federal Reserve cannot create computer credits fast enough to devalue the dollar. Seriously?

  • lady kroft

    In answer to your question…the banks have their fingers in the cookie jar and there ARE no more Constitutional rights.

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