FORCE MAJEURE
U.S. Treasury Plan If Economic Collapse: "Force
Majeure," Paratroopers to Fed Res. Banks, "De-Monetize" U.S.
Dollar
Did you know the United
States of America actually has a PLAN in the event they can no longer service
their debt? They do! Adopted it back in the early
2000's. Meet the "6900 Protocols."
With all the hoopla
taking place nowadays, our national government being completely ILLEGITIMATE
via a fraudulent and stolen election, and hyper-inflation creeping just around
the corner, it might be worth a minute or two to learn what our "trusted
public servants" have planned . . . for
us . . . . after THEY have Bankrupted the nation.
Protocols For Economic
Collapse In America
By Al Martin
2-23-2008
And this is how the U.S. Treasury would handle an economic collapse. It's
called the 6900 series of protocols. It would start with the Secretary of the
Treasury declaring a force majeure, preventing the United States of
America from servicing its debt.
This, of course, would
immediately be interpreted by the marketplaces as a de facto
repudiation of U.S. debt.
They even know precisely
WHAT TIME they would make such a declaration: 11:38 AM eastern U.S.
Time. That's because by 11:38 AM ET, markets in Asia and Europe
will be closed, leaving only US markets operating for a few more hours.
A few seconds after that
announcement was made, all United States markets, both equities debt and
commodities i.e., stock, bonds, commodities, that have trading limits or
permissible daily limits would all be limit-offered with pools. Limit-offered
means that there are more sellers at the limit i.e., limit down, than there are
buyers.
So-called 'pools' would immediately begin to form, probably a thousand
contracts every few minutes. 'Limit-offered with pools' - this is trader
language. Pools to sell 2,000 lots, 3,000 lots. That means, the number of
sellers over and above the available buyers at the limit- offered price. That
would begin to build.
By 1:00, the news would begin to sink in because it would take awhile before
panic selling would arise from the public. This news is being released at lunch
hour.
Most of the American people initially would not even understand the horror
of the news. You would see professional selling first, and as that professional
selling intensified over the afternoon, the SEC, the CFTC, NASDAQ, and various
market regulatory authorities would begin to institute certain emergency market
protocols. This would be the installation of the so-called 'declaration of fast
market conditions,' for instance; the declaration of 'no more stop orders,' the
declaration of 'fill at any price,' etc. in a desperate bid to maintain
liquidity.
That first day, the Dow Jones Industrial Average and related indices on a
percentage basis would lose about 20%-30% of their value by the close of
business that day. The real impact would come overnight when the American
people found out what this was all about when it was explained to them.
The SEC and various
regulatory entities have anticipated the market's decline, hour by hour and
they will be closely watching every move (down) the markets make. It is
widely expected that "circuit breakers" will be triggered within an
hour, then triggered again, until the market suspends trading for the rest of
that day.
When Japan's markets
open the next day - we will call this "Day 2" - what would happen is
almost instant collapse. At 7:30 a.m. EDT, the Tokyo markets would
open, and no price would be affixed for probably three or four hours into the
session due to the avalanche of selling.
Once prices were
established, the government of Japan would close all of its financial markets.
Europe would not even
open. All European governments would close all capital exchanges.
When the U.S. goes down,
everything around the world in matters financial, goes with us.
On that second day, here
in the US, Army Forces would be dropped in via parachute to the cities where
the twelve Federal Reserve district banks are located.
The reason they would be
brought in by parachute is there won't be enough time to do this via
driving. Those troops would HAVE to be in-place around the twelve federal
reserve banks, to protect the plexi-glass pallets of currency in their vault
stacked to the ceiling and whatever gold is also inside.
The origin of these U.S.
Treasury protocols comes from the Department of Defense (DoD). The DoD has
contingency plans for a variety of scenarios. Those scenarios would include,
obviously, military collapse, World War III, and its aftermath. What
we're talking about now is aftermath -- how the aftermath of the U.S. being
unable to service its debt, would be handled.
One does not necessarily know how the events would transpire that would cause
the collapse, whether it's military collapse or economic collapse. In World War
III, it would become obvious -- when the mushroom clouds started to appear over
cities.
Economic collapse scenarios were always premised on the basis of a US
declaration of force majeure on debt service. It's a very extensive scenario.
The scenarios are all
together, i.e., military, economic, political and social, complete
destabilization leading to collapse.
Then they break down individual
scenarios. In the economic collapse scenario, the starting point would be the
United States Treasury declaring a force majeure on debt service, which is de
facto repudiation, and that's how it would be interpreted by the world's
capital marketplaces. Then the scenario goes on from there.
The US Treasury would obviously declare a force majeure after the European
markets had closed. In other words, they had gone out for the day, which means
11:38 a.m. EDT, our time. They'd wait until the European markets closed, and
the US markets had been open for a couple of hours. That's when they'd
determine how to begin the process of unwinding or controlling the collapse to
the best extent possible, mainly because they know that the greatest hedge
pressure would be people seeking to use other markets to hedge their long
exposure in the United States and that the US would be the biggest seller in
all the rest of the world's markets.
Therefore you would want
to declare the force majeure when the rest of the world's markets closed.
(catch'em off guard! I like it-its just so American.) The
declaration of force majeure would be precipitated by the declaration that the
United States is no longer able to service its debt. That's pretty simple.
Who makes that decision?
The Treasury Department. The President does not make that decision. The
Secretary of the Treasury does. He has that authority.
You might ask --
wouldn't he have his arm twisted not to do that? The answer is that if
there isn't any money left to service the debt, it doesn't make any difference
what the current regime might want to do.
The day of reckoning is now coming. What has happened in the interim, from 2001
to present, is dynamic, global economic deterioration. The economic
deterioration visited upon the United States by rampant deficit spending
enacted by Congress is not a localized event. It is, in fact, global. We have a
planet now that is sinking into a sea of red ink.
Back around the year 2008, the United States was consuming about 80% of the
entire world's savings to finance its debt. At some point after 2008, the
US began to need MORE than the entire world had to lend. Enter the U.S.
Federal Reserve, monetizing debt by entering digits into a computer
account. PRESTO! Money created out of thin air to buy Treasury
Bonds!
Bringing this problem to
a head is the issue of the central banks of Germany, Japan, and Saudi Arabia;
they are no longer the powerhouses they used to be. Their reserves have now
been substantially depleted. They can, therefore, no longer hide the fact that
they own a certain number, likely in the trillions of dollars, of U.S. Treasury
debt that isn't being serviced,
because they can't hide it through bookkeeping tricks anymore; because their
reserves are so depleted.
This is why not too long ago, someone put the arm on Great Britain and demanded
payment in Gold Bullion. It was all very hush hush, but readers of the
Hal Turner Radio Show web site did get the information quickly.
Very serious amounts of
Gold/Silver Bullion and cash money was abruptly removed from the United
Kingdom on 13 April 2021, and shipped to Doha, Qatar without explanation.
Authorities in London
did a rolling road block along the motorway to allow the tremendous shipment of
bullion and cash to get through! Three (3) armored bullion trucks, 4
unmarked police cruisers, 6 marked police cars and a police helicopter was
following in the sky. (Story HERE)
Someone is putting demands on western banks because they see the US money is in
gigantic trouble. Someone is saying to the US "You've got to start
servicing this debt because we, and foreign central banks, are in nations -
European and Asian - whose reserves are now nearly exhausted. We no
longer trust you to pay the debt, we want Gold. Now."
Foreign Central banks can no longer make it appear that the U.S. debt is being
serviced because those foreign central banks own reserves are so substantively
depleted. Therefore the US and the west in general, are being told they must
begin to cover this debt. If the US cannot, or will not, then, at some point,
people in banking around the world will have to publicly admit in order to save
their own necks -- that THEY were the end buyers of a lot of stealth debt, a
lot of debt that the U.S. Treasury issued illegally and has never serviced. That would then
expose the whole cabal.
The process of unraveling has already begun because of ever-spiraling budget
deficits. The U.S., even in its overt policies (now they're overt
political, economic, social and military policies) is generating a $2
TRILLION-plus deficit per year. There isn't enough money on the entire planet
to lend such amounts to the US.
Because foreign central banks are so depleted from buying other US debt,
they can't refinance the stealth debt by issuing more stealth debt
anymore. Nor can they bleed money out of the system like they could in the
1980s. There is no mechanism that they can use anymore to hide expansion of
debt that could be used to service said stealth debt, and they are, frankly,
running out of assets that they can steal from the American people.
So the proverbial day of reckoning is coming.
Back in 2008, David Walker, US Comptroller General and chief of the GAO has
said that the United States would no longer be able to service its debt beyond
2009. Yet here we are, now, in 2021. How could that be?
Well, as stated earlier, the federal reserve is monetizing US debt.
The fed is entering digits into an account on their computer system, then using
that account to "buy" U.S. Treasury Notes. Money out of thin
air.
What does that mean? The
key is in what Walker meant when he says the debt can no longer be
serviced. It simply meant the United States would no longer be able to pay
even the interest on its debts because it needs more than the planet has
available to lend to them.
Therefore, if the planet
can no longer generate any more liquidity to lend to the United States, one of
three things have to happen:
A) There has to be a
sudden and dramatic reduction in federal spending. There are only two places
that can come from. There would have to be an immediate slashing
of defense spending probably by 65-75% OR; there would have to be an
immediate cut in all social programs: Welfare, Food Stamps, Social Security and
all the rest.
B) The other option, 6900 B, is a dramatic increase in the rate
of federal income taxation from the current nominal rate of 28% to 65%-85%,
which is what the Treasury Department estimated would be required post-2009 to
provide the U.S. Treasury with sufficient revenues to continue to service debt,
OR;
C) The third option, 6900 C, becomes the declaration of a force majeure on
credit service of U.S. Treasury debt by the United States Treasury, which is
tantamount to, and would be accurately construed as, de facto debt repudiation
by the United States of America.
When that day comes, in
other words, when the U.S. Treasury declares a force majeure on debt, it wouldn't be broadcast on
mainstream media. There's no sense because the American people don't even
understand what it means. The announcement would actually be put on the Federal
Reserve wire system, which would, of course, immediately be picked up by all
media outlets anyway.
The United States would, in order to accommodate global electronic trading,
attempt to open the market on the second day, which they would do, regardless
of price, just to maintain some liquidity. At the end of Day Two, the Dow Jones and related
indices, would have lost two thirds of their value, and prices would be
set accordingly.
On Day Three, the New York Stock Exchange, the SEC and other related
agencies would recommend to the United States Treasury and the Federal Reserve
that all markets be closed. That would be on the morning of Day Three.
At Eleven AM EDT, the
Federal Reserve would then order all domestic banks closed.
At 9:00 PM EDT on Day
Three, the President of the United States would declare a state of martial law.
All financial transactions would come to an end. The Treasury would act to
formally de-monetize the U.S. dollar and declare it worthless.
This would be totally unprecedented. In the past, collapses have been temporary
and have been brought back up. But what we're talking about now is the end.
These protocols that I'm referring to aren't even all that secret. They were
publicly available all through the Clinton era. These are Treasury protocols
that were instituted mostly in the late 1970s when the Treasury and Federal
Reserve began to feel that it was important to have an emergency-collapse
protocol in place.
What precipitated the timing of this was the inflationary spiral of the
mid-late 1970s, during Richard Nixon /Gerald Ford terms up to that point. The
U.S. Treasury and the Federal Reserve were both concerned that this
inflationary spiral, which was occurring not only domestically but globally,
might lead to a global, uncontrollable hyper-inflation that the Federal Reserve
or major central banks could not stop by traditional means, i.e., by raising
interest rates and contracting money supply.
There was also the recognition, of course, that global central reserve bank
bullion inventories had been so depleted over the previous 30 years that any
re-institution of a species currency, even on a temporary basis, and even
within a regional or individual nation-state basis, was no longer possible.
This is an analogy. In a military scenario, it's like the President of the
United States pushing the final red button -- the commit button. The Treasury
Secretary of the United States has a similar mechanism. It's called the yellow
button, the commit button. The Secretary of Defense has the same system. This
is what happens. Computer programs start to institute these protocols.
Imagine the complexity
of trying the manage all this. I think it's going to happen all simultaneously.
There are hundreds of different agencies involved, both domestically and
internationally.
In order to maintain
liquidity for as long as possible, it has to be extremely well-coordinated, and
there must be existing collapse protocols that can be used.
The reason I was familiar with them was because I used to see the U.S. Treasury
6900 Series Collapse Protocol, 6903, 6904 there'll be A, B, and so on which
keyed in to the Department of Defense to be incorporated within the Department
of Defense's own World War III scenario and various types of military/
political/ social instability/ war/ pestilence, chaos, etc. scenarios.
All federal agencies had individual collapse protocols that ultimately got
coordinated through the Department of Defense. Obviously, the Department of
Defense would be the ultimate coordinator because it would need to have special
forces available, on a stand-by basis, ready, that could quickly parachute into
areas all over the country, into the cities particularly, to secure federal
properties and assets.
And that's literally how it would begin. By the end of the third day, it would
be all over -- a state of martial law. We're not talking about war, now; this
is just economic collapse.
There's no military implication here, no political, no social implication or
policy directive thereunto. This is strictly economic collapse.
By the end of Day Three,
effectively, all banks in the world will be shut down, all paper currencies will
become valueless. Martial law would be declared.
There would be no
continuing transactions, at least for a period of time, of commodities. All
providers of fuels and foods would be shut down automatically.
They have this planned in extremely great detail too. For instance, the U.S.
Department of Defense Special 117th Assault Unit would parachute in to seize
control of the cattle yards in Oklahoma City. This is how well it's planned. In
other words, economic collapse would automatically involve expansive military
action and control.
By the end of the third day, when you no longer have a domestic medium of exchange,
you have to have secured food and fuel stocks. You've got to have troops that
have secured distribution points where there is food and fuel stocks,
warehouses, tanks, etc. Otherwise people are just going to go get them, and the
people have to know that if they try to go break into that store and steal that
loaf of bread, they're going to be shot.
Protocols for environmental disasters are called 'scaling-circle scenarios.'
'Scaling circles' is a Department of Defense euphemism. It's also used in FEMA,
OEM and other emergency management services.
In environmental
catastrophes, which are going to become national or global, it's got to start
someplace. It's going to start in one very small, specific area. Therefore what
happens is that the immediate force containment is the greatest in the first
circle, to try to contain the spread of the disaster and keep it within that
circle-not allowing it into circle 2.
The environmental problem, to whatever extent it's possible, before it spreads,
will be neutralized or mitigated, in order to keep that catastrophe within that
circle, or, if it is likely that it is to escape that circle, to attack
whatever it is in such a fashion as to mitigate its strength and its ability to
contaminate or otherwise affect other areas.
In the case of earthquakes, for instance, affecting the west coast, beginning
at Mt. Rainier and moving southward -- that's a different type of scenario.
That does not include as much Department of Defense involvement. It includes
separate protocols, wherein mostly FEMA and OEM act as the senior coordinating
agencies between municipal, county and state disaster and containment, which is
called Disaster and Containment Units. Federal troops would only be brought in
for the purposes of maintaining control.
In a military or economic collapse situation, National Guard units would
provide any spare help they could in combating whatever the problem is. Federal
troops would be used in order to have the specific authority simply to shoot
anyone.
There are plans for all
sorts of scenarios. The economic-disaster scenario is the one I always found
the most intriguing because it is the one that is least understood by the
American people.
Military control would be necessary when lines begin to form at the banks, people
trying to access their money. But that wasn't even anticipated as a big
problem. Lines would form at the banks, but it was not even envisioned until
sometime on Day Three because the American people wouldn't get it. It would be
announced that the stock markets are down 2000 or 3000 points, and since we've
always been taught they'll come back, the people would still be buying stocks.
You could count on everybody remaining in ignorance all the way down because
the American people have never been taught Economics 101. The American people
wouldn't realize the full extent of it until the markets were closed on the
third day, or until the time when they went down to cash a check and the bank
was closed with soldiers out in front. Then they would go down and see the gas
station's closed. They see the local supermarket has been shuttered, and
there's federal troops in front of it. Then they might begin to catch on.
And remember -- it's not
just federal troops. In emergency-collapse protocols, even before the declaration
of a formal state of emergency or a state of martial law, the local military
authorities within any given county or jurisdiction have the ability to
essentially militarize anyone, that is, any civilian. This would be more than
just deputizing civilians. It's federal. In other words, they would have the
ability to militarize and give military authority to a civilian force. This
would include not only police and the sheriffs and state police, but all local
law enforcement that exists below the state level would be immediately
militarized. They wouldn't take just anybody like they did in Iraq. It would be
like the military when they call for volunteers.
In other words, this is how it would unfold over three days, but, in fact, very
few Americans would know what to do about it or how to take any precautions.
They wouldn't have a clue because they don't understand enough about economics
to know what is happening. So that's what it is -- Economic Armageddon.
In conclusion, since there is very little the people of the United States can
do to protect themselves. We're not going to make any suggestions of how to
protect yourselves because there's very little you can do.
We could tell you to go out and buy gold coins and bury them in the coffee can
in the back yard and go to your nearest survivalist store, but, frankly, that's
useless. In the last analysis, it's a lot of hype. There is very little the
average US citizen could do.
Here's an interesting and humorous aside. A couple of years ago, Hormel Foods,
which makes Spam, announced that in the last six months there have been record
sales of Spam in the United States the survivalists' food of choice. After all,
they pride themselves on the fact, as the spokesman for Hormel said, "It
is the only food product you can buy with an expiration that's 50 years."
When everything goes to hell, when all that man has created has turned to dust
again, the final legacy is going to be Spam. It will be the last
surviving item -- when the anthropologists of 20 thousand years from now are
digging sites and they see these enormous mountains of unopened cans of
Spam-still unspoiled and ready to eat. They'll have monuments to the past, out
of Spam.
(-Spam is the true definition of DEAD FOOD-it never goes bad)
Furthermore, on Washington Journal they were talking about how FEMA has
recommended to the Office of Homeland Security to have increased restrictions
regarding citizen hoarding of long-term food and fuel supplies. That's pretty
sinister too.
What they're talking about is the purchase of long-term so-called stores of
survival food. FEMA was talking about some sort of restriction preventing
people from accumulating food stores; putting it simply, that's what it means.
The second point was to increase restrictions that already exist.
FEMA was recommending even tighter restrictions on citizens building their own
private property underground storage tanks for the purposes of long-term
storage of fuel. The real intent of this is is threefold: a) to restrict
citizens' ability to hoard food; b) restrict citizens' ability to hoard
long-term storage of fuel; c) the forced identification of citizens to reveal
food and fuel stocks they may be hoarding.
And that, in my opinion, is the real essence. The government wanted
this kept secret - having the FEMA supply restrictions angle put into the
equation, because they knew how people would interpret it.
They have tried to use environmental legislation to restrict people's
ability to build fuel storage facilities on their own property -- to get around
what the true intent of that was.
But the bigger picture is that if you start to limit citizens' ability to hoard
fuel and food and shake them up by potential forced identification of gold
holdings or forced redemption.
In other words, what you don't want is citizens who have the ability to
store a lot of food and fuel and to own gold because they would be able to
resist state control in the future.
The feds need to have every citizen on a rationing card to control the
civilian population. You can't have citizens out there hoarding food and fuel
because then people can say to government, "I ain't taking a rationing
card, baby, with my national ID card. I don't have to. You can't control me
through food and fuel and worthless paper currency."
I used to make fun of these people. But now, things have come full circle on
this debate. The pattern is becoming increasingly clear. So is the future.
In fact, I would believe that those of the survivalist mentality (the food,
fuel, the gold coins in the coffee can in the back yard) . . . people who think
that way will be ultimately vindicated.
People should quit
making fun of them because they would be vindicated - even though they were all
burned out, twenty-dollared to death, buying books and tapes, and discredited
by mainstream media.
It may sound like a
hollow victory, but it won't be a hollow victory for them - them that's got the
Spam...
Attribution and
Conclusion
The majority of this
article was written long ago, in 2008, by a guy named Al Martin. It was forwarded to me by a visitor to
this web site.
I tweaked the numbers to
make them more current, and added the info about the federal reserve monetizing
the debt so as to afford an answer to anyone wondering how, if this was all
slated to collapse in 2009, we're still here?
It brings many
frightening realities to the forefront because these days, what's taking place
in matters financial with our federal government, is absolutely off the
rails. They're not just spending a little more than they take in
via taxes, their spending almost DOUBLE what they take in in taxes.
Let me ask you, how much
is the currency of a Bankrupt nation actually worth?
The very simple takeaway
from this article is this: Have Emergency Food, Water, Medicine, and other
supplies to tie you over for a few months, minimum.
If/When you hear the
phrase "FORCE MAJEURE" - you will have only HOURS to get to the
supermarket, buy as much food as you can with whatever cash or credit you have
left, and haul ass home to pack and head to your bugout location, then move out
fast.
Bear in mind too, the
banks will get word of this before the rest of us. They may cut off all
credit cards before the public is event TOLD of a force majeure. That would
mean you could only buy more food with cash. Got enough cash at home to
do that?
Once it all goes to
hell, and money (as we know it) is "de-monetized" everyone is fucked;
except the people who put their cash into something
ELSE which is not cash. No, I don't mean gold or silver
because government will try to get their filthy hands on all of that.
Something with intrinsic value (it has its value within itself). Things
like land/real estate, precious gems, food supplies, fuel. Anything that
will be useful to you and holds its value in itself.
But for God's sake,
don't just sit around and do nothing. Prepare because when this hits, it
will strike like a lightning bolt out of the blue.
The masses who are asses
have no idea such a thing CAN EVEN HAPPEN, never mind happen to them.
When stores all have to close because there is no longer any monetary means of
commerce, what do you think the savages in the cities are going to do?
Maybe "Yo man, gimme all yo shit, Cracka, befo I bust a cap in yo
ass"
Yes, it will be that
simple. So bug out before the savages figure out what's going on
because the cities and urban areas will descend into violent chaos very VERY
fast.
Then remember, under our
system of Government, it is CONGRESS that holds the purse strings.
No President can borrow or spend a single cent, unless CONGRESS authorized
it. All that debt which is collapsing our country, wrecking our
currency, was done to you by CONGRESS. So if you see any
of those scumbags on the street, you'll know what to do.
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