via FreeTheMarketMan

A few who predicted this mess tell us what they see coming next.

By Carol Vinzant
Published Jul 20, 2008

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(Photo: China Photos/Getty Images)

“We are now the largest debtor nation in the history of the world. We owe $13 trillion, and we get $1 trillion further into debt every fifteen months. That’s the world giving up on America.”
—Jim Rogers, investor, who has predicted a stock-market fall and commodities boom

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(Photo: Anna Summa/Getty Images)

“The house next to mine in Florida sold for $105,000 in 1998, $765,000 seven years later. My guess is that it may more properly be worth around $275,000. Getting from $765,000 to $275,000, if it happens, is going to involve a lot of pain.”
—Andrew Tobias, investment guru, who has warned of a real-estate bubble since 2002

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(Photo: Rick Maiman/AFP/Getty Images)

“The American consumer is toast. We’re talking a multiyear adjustment, at least two or three years, maybe more. Does that mean America is over? Does that mean we have a whole new world order? The jury’s out on that.”
—Stephen Roach, former chief economist at Morgan Stanley, who in 2004 warned of impending economic “Armageddon”

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(Photo: Eric Thayer/Getty Images)

“I think we are maybe 10 percent into this crisis. The economic distortions have been building for longer than we’ve seen in the history of the world. Never have we had such confidence falsely placed in a reserve currency.”
—Ron Paul, former presidential candidate, who advocates a return to the gold standard

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Those News really made my head turn 360degrees.Do those ripoff artists now convert to North Korean Style tactics ?

via Cryptogon 

We already knew that Wachovia was/is in deep trouble.

And there is no way that this is a coincidence. Ten counterfeit $100 bills in one transaction, from a struggling bank, in the middle of a banking crisis!? No way.

I know. I know. People will say, “If this was a conspiracy to keep a large, struggling bank alive for perception management purposes, they’d use supernotes and those would be mixed in and nobody would know the difference. It’s just a coincidence that this couple got ten counterfeit $100 bills (out of 36) in one transaction.”

Maybe there aren’t enough supernotes available for the scale of the present crisis… Just a guess.

If you’re trying to talk yourself into believing that there’s nothing to see here, do you remember Waiting for Clarity on the Brink of Oblivion? If not, you may want to review that one now, as we learn that, in the midst of a banking crisis, the forth largest U.S. bank, which also happens to be distressed, is distributing counterfeit money…

(Man, I knew it was going to get weird, but I never anticipated this one.)

I don’t know how much more clarity a person would need, but I’m afraid that it’s about to become crystal clear to just about everyone.

UPDATE 1: Florida Wachovia Distributed Counterfeit $20 Bills in June

POSTED: 7:51 am EDT June 26, 2008
UPDATED: 8:49 am EDT June 26, 2008

ORANGE COUNTY, Fla. — An Orange County woman said she received counterfeit cash from a teller inside a bank.

The woman said she cashed a check at the Wachovia bank in Pine Hills. She took the cash straight to a bank where she had a savings account, but that’s where another teller recognized something wrong.

“She was feeling it as she counted it,” said the woman. “She pulled those two bills out of the bunch that was there and she asked another coworker to come over and he said ‘yeah, those are counterfeit.’”

The Secret Service was called in to investigate and found a pair of fake $20 bills. They’re trying to determine how the money ended up at the bank.

—End Update—

Via: Local6:

A couple has contacted the Secret Service claiming a Central Florida bank gave them 10 counterfeit bills during a transaction.

Ulises Garcia said he was withdrawing cash from a Wachovia Bank and depositing it into a Bank of America so he could pay his bills online.

However, the Bank of America teller noticed something funny about 10 of the 36 $100 bills Garcia said he received from Wachovia Bank — they were counterfeit, Local 6’s Tony Pipitone reported.

However, the bank has not given Garcia or his fiancé, Joann Rodriguez, any money.

“We have big plans,” Rodriguez said. “We were planning to get married in about two or three months.”

“And this money’s pretty important?” Pipitone asked.

“Very important,” Rodrguez said. “It’s a big part of our wedding.”

“It is really frustrating for us,” Garcia said. “The bank is not doing anything about it. (It’s) just not giving us any solutions at all.”

A Wachovia representative said it will not refund any money because it can’t verify the $1,000 in counterfeit notes were the same bills Garcia was handed by their teller.

But weeks later, Wachovia did refund $40 to another customer with a similar story, Local 6 has learned.

Garcia said Wachovia is ripping him off and has alerted the sheriff’s office, the Secret Service and the media.

“Ten (bills) in one transaction to come from one bank, that is definitely unusual,” U.S. Secret Service representative Jim Glendinning said.

“But is it possible?” Pipitone asked.

“Remotely, yes it is,” Glendinning said.

Glendinning said he was not surprised the Bank of America caught the counterfeits but wondered how a Wachovia could pass the bills unless a bank employee was in on it, Pipitone reported.

The United States Secret Service Web site shows people how to detect counterfeit money.

Research Credit: EB @ Cryptogon

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Pentagon User Searches for Infomation About Wachovia Distributing Counterfeit Money

The Pentagon—Headquarters Department of the Army (HQDA)—user (host: host-141-116-70-190.ptr.hqda.pentagon.mil, ip: 141.116.70.190) conducted the following Google search: wachovia passing out counterfeit bills.

The Pentagon user visited the following Cryptogon pages:

WACHOVIA BANK IN FLORIDA DISTRIBUTING COUNTERFEIT $100 BILLS

Mysterious $100 ‘Supernote’ Counterfeit Bills Appear Across World

SAIC User Searches for Infomation About Wachovia Distributing Counterfeit Money

The SAIC user (host: proxy1.east.saic.com, ip: 198.151.13.8) conducted the following Google search: customers claim that wachovia is handing out counterfeit bills.

The SAIC user visited the following Cryptogon pages:

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Thx to the BigPicture