Is a bank holiday around the corner?


June 26, 2009 NEW YORK (MarketWatch) — The top-performing letter that predicted the Crash of 2008 now predicts a confiscatory Franklin D. Roosevelt-style “bank holiday.” But it’s surprisingly sanguine about stocks — in the (very) short term. /SNIP/ “Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that ‘something’ is about to happen … within 180 days, but could be 120-150 days.” Thanks to Sue B. for the tip! Read the full report.

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