Skip to content

If There Is a Run on the Banks, Know Who To Blame

It isn’t Alex Jones or Gerald Celente

Paul Joseph Watson
Monday, November 21, 2011

If There Is a Run on the Banks, Know Who To Blame MI BM288 MFCUST DV 20111120183410

Following our coverage last week of the fallout from the collapse of MF Global, Gerald Celente appeared on the Alex Jones Show numerous times to warn listeners that the only way to really ensure their money was protected was to withdraw it all from banks and financial institutions without delay.

Celente was a high-profile victim of the theft of almost $1 billion in funds that was stolen from MF Global customers and its subsidiaries and has since gone “missing” after reports the money was initially transferred to JP Morgan. Celente himself lost a six figure sum that he was preparing to cash in to take physical delivery of gold bullion in December.

Some customers have been told they may get around 60 per cent of their money back. Others, including Celente, have been told they’ll get nothing.

Celente’s fury at being looted by MF Global prompted him to encourage Americans to cash out of all gold ETFs and withdraw their funds from the bank because “they are going to steal all our money”.

This prompted Forbes’ Kenneth Rapoza to write an article entitled, Talk Show Host Alex Jones & Guest Call For Run On Banks, which suggested that Celente’s “inflammatory” rhetoric led to him and Jones advocating “it is time to take the money and run.”

Although Rapoza’s article is by no means a hit piece, it fails to address the real culprits should a bank run ever unfold. It is not Alex Jones or Gerald Celente’s “inflammatory” rhetoric that will be to blame, it’s financial terrorists like the bosses at MF Global who knew of its impending collapse weeks ahead of time, along with the fiat funny money debt-based system that allows banks to loan out many more times the capital that they ever actually hold.

While the vast majority of MF Global customers were completely unaware that their money was about to be swiped, big players like the billionaire Koch brothers got a heads up and were able to empty their accounts before the firm’s downfall.

We also know that MF Global insiders conducted an internal bank run days before the collapse of the doomed financial broker, “unexplained wire transfers” that led to a $900 million shortfall in client funds. MF Global failed to inform the Commodity Futures Trading Commission until the day after, clearly indicating the transfers were made, “in a manner that may have been designed to avoid detection,” as the CME Group stated.

Far from encouraging bank runs, Jones and Celente were merely trying to expose an internal bank run that had already taken place. Suggesting they might be responsible in some way or are ‘calling for a run on the banks’ is like accusing the people protesting in Greece and Italy of causing the European debt crisis.

If and when bank runs do occur in America, know who to blame. It won’t be radio hosts or private investors, it will be the economic terrorists, MF Global prime amongst them, whose corrupt and fraudulent actions have completely undermined the credibility of the entire financial system.

The prospect of bank runs is not something being promoted from the bottom up, it’s an eventuality most of the big boys are already prepared for.

While Rapoza tries to assure his readers that “investors holding cash in simple savings and checking accounts are protected by the FDIC up to $250,000 even in the case of bank failure,” recent policy changes have caused that guarantee to come under more scrutiny.

Last year America’s third largest bank Citibank notified its customers of a new policy reserving the right to block cash withdrawals for a period of 7 days.

“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change,” stated the advisory.

The controversy stoked fresh doubt about the FDIC’s shaky guarantee that it could insure deposits in the event of a bank run, highlighting the fact that banks simply do not have anywhere near the reserves to cover such a scenario thanks to the fiat money system where debt is leveraged many times over.

Financial experts have predicted that the failure of 300-500 U.S. banks would absorb all of the FDIC’s insurance funds. This is why there is a genuine fear that the FDIC is completely incapable of containing a run on the banks. It’s not an exercise in paranoid conspiracy theories or “inflammatory” rhetoric, it’s a harsh dose of reality.

This is why Celente, having already been burned by an internal run on a bank, is encouraging Americans to not become victims of financial terrorists, by protecting their wealth with the only real safe haven left – gold bullion.


Paul Joseph Watson is the editor and writer for Prison He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show.

Related Posts with Thumbnails

Posted in Finance & Economics, Public Figures.

Tagged with , , , .

0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Some HTML is OK

or, reply to this post via trackback.

Support #altnews & keep Dark Politricks alive

Remember I told you over 5 years ago that they would be trying to shut down sites and YouTube channels that are not promoting the "Official" view. Well it's all happening now big time. Peoples Channels get no money from YouTube any more and Google is being fishy with their AdSense giving money for some clicks but not others. The time is here, it's not "Obama's Internet Cut Off Switch" it's "Trumps Sell Everyones Internet Dirty Laundry Garage Sale". This site must be on some list at GCHQ/NSA as my AdSense revenue which I rely on has gone down by a third. Either people are not helping out by visiting sponsors sanymore or I am being blackballed like many YouTube sites.

It's not just Google/YouTube defunding altenative chanels (mine was shut), but Facebook is also removing content, shutting pages, profiles and groups and removing funds from #altnews that way as well. I was recently kicked off FB and had a page "unpublished" with no reason given. If you don't know already all Facebooks Private Messages and Secret Groups are still analysed and checked for words related to drugs, sex, war etc against their own TOS. Personally I know there are undercover Irish police moving from group to group cloning peoples accounts and getting people booted. Worse than that I know some people in prison now for the content they had on their "secret private group". Use Telegrams secret chat mode to chat on, or if you prefer Wickr. If you really need to, buy a dumb phone with nothing for the NSA/GCHQ to hack into. Ensure it has no GPS tracking on it and that the battery can be removed. These are usually built for old people to get used to technology storing only a set of numbers to call. However they have no games, applications to install or other ways people can exploit the computer tracking device you carry round with you most of the day - your smart phone. If you are paranoid ensure that you can remove the battery when travelling around and do so to prevent GPS tracking or phone mast triangulation. Even with your phone in Flight mode or turned off, it can be turned on remotely and any features like front or back cameras, microphones and keylogging software can be installed to trace you.

So if your not supporting this site already which brings you news from the Left to the Right (really the same war mongering rubbish) then I could REALLY do with some..

Even if it's just £5 or tick the monthly subscription box and throw a few pound my way each month, it will be much appreciated. Read on to find out why.


Any support to keep this site would be appreciated. You could set up a monthly subscription for £2 like some people do or you could pay a one off donation as a gift.
I am not asking you to pay me for other people's articles, this is a clearing house as well as place to put my own views out into the world. I am asking for help to write more articles like my recent false flag gas attack to get WWIII started in Syria, and Trump away from Putin. Hopefully a few missiles won't mean a WikiLeaks release of that infamous video Trump apparently made in a Russian bedroom with Prostitutes. Also please note that this article was written just an hour after the papers came out, and I always come back and update them.

If you want to read JUST my own articles then use the top menu I have written hundreds of articles for this site and I host numerous amounts of material that has seen me the victim of hacks, DOS plus I have been kicked off multiple hosting companies, free blogging sites, and I have even had threats to cease and desist from the US armed forces. Therefore I have to pay for my own server which is NOT cheap. The more people who read these article on this site the more it costs me so some support would be much appreciated.

I have backups of removed reports shown, then taken down after pressure, that show collusion between nations and the media. I have the full redacted 28/29 pages from the 9.11 commission on the site which seems to have been forgotten about as we help Saudi Arabia bomb Yemeni kids hiding in the rubble with white phosphorus, an illegal weaapon. One that the Israeli's even used when they bombed the UN compound in Gaza during Operation Cast Lead. We complain about Syrian troops (US Controlled ISIS) using chemical weapons to kill "beautiful babies". I suppose all those babies we kill in Iraq, Yemen, Somalia and Syria are just not beautiful enough for Trumps beautiful baby ratio. Plus we kill about 100 times as many as ISIS or the Syrian army have managed by a factor of about 1000 to 1.

I also have a backup of the FOX News series that looked into Israeli connections to 9.11. Obviously FOX removed that as soon as AIPAC, ADL and the rest of the Hasbra brigade protested.

I also have a copy of the the original Liberal Democrats Freedom Bill which was quickly and quietly removed from their site once they enacted and replaced with some watered down rubbish instead once they got into power. No change to police tactics, protesting or our unfair extradition treaty with the USA but we did get a stop to being clamped on private land instead of the mny great ideas in the original.

So ANY support to keep this site running would be much appreciated! I don't have much money after leaving my job and it is a choice between shutting the server or selling the domain or paying a lot of money just so I can show this material.

Material like the FSB Bombings that put Putin in power or the Google no 1 spot when you search for protecting yourself from UK Police with "how to give a no comment interview". If you see any adverts that interest you then please visit them as it helps me without you even needing to give me any money. A few clicks per visit is all it takes to help keep the servers running and tag any tweets with alternative news from the mainstream with the #altnews hashtag I created to keep it alive!

However if you don't want to use the very obvious and cost free ways (to you) to help the site and keep me writing for it then please consider making a small donation. Especially if you have a few quid sitting in your PayPal account doing nothing useful. Why not do a monthly subscription for less money instead. Will you really notice £5 a month?