ICE NINE. The Elites are going to freeze and seize your bank account !! Has already happened in several countries

Financial markets were effectively frozen in Cyprus in 2013, Greece in 2010, and Argentina in 2002.  Those were all dry runs for the next big big big big big financial crisis.  

http://www.zerohedge.com/news/2014-07-10/new-laws-allow-government-seize-savings-deposits-during-crisis

ICE NINE as a Special Water Molecule that Freezes at 45.8 Celsius

ICE NINE is a polymoprh of water invented in a fictional story by Kurt Vonnegut.  With a different freezing point of 45.8 Celsius (114.4 Fahrenheit)  Once this polymorphed molecule comes into contact with regular water, all the regular water molecules freeze. Regular water morphs into the polymorph on contact. The contagion spreads very quickly, and all the water on the planet is frozen in the blink of an eye. The entire system goes "ICE NINE".

https://en.wikipedia.org/wiki/Ice-nine 

ICE NINE for Financial markets

ICE NINE by Jim Richards refers to a hypothetical scenario for a future financial crisis, where your bank account is frozen by the government, probably for three or four months, while the world transitions to SDRs (aka "world money"). No more USD.  No more Euros.  No more Yuan.  No more Pounds.  No more Swiss Francs.  Everyone moves to SDRs as world money, which reliquifies the global financial markets.  

Sort of similar in the end state as letting hyperinflation run rampant for two or three years, letting existing currencies get destroyed in the hyperinflation firestorm, and then you start over. 

But instead of going through a two or three year chaos firestorm period of hyperinflation, major world governments cooperate to skip the two to three years of hyperinflation, and just transition to a new currency without going through the chaos period. 

https://dailyreckoning.com/ice-nine-lockdown/

Financial markets will go ICE NINE

The central banks have run out of room to print more money in the face of an new impending financial crisis.  So where will liquidity come from in the next global financial crisis?  The problem will be too big for the Central Banks to manage.

Someone has to step in with even deeper pockets and a relatively clean balance sheet.

Enter the IMF - International Monetary Fund.

They have a concept on the books called SDRs - Special Drawing Rights.  Literally "world money".

They started issuing SDRs in 2009, preparing for the eventuality that the Central Banks could not contain the 2008 financial meltdown. But the Central Banks managed to stop the contagion from spreading uncontrollably in 2008/2009, and the IMF backed off on SDRs.

The IMF will be called in during the next financial crisis, for an "immediate" solution to the liquidity crisis.  They will offer SDRs. There will be a transition period to get to SDRs. During this period, financial markets will be frozen. But you can't just freeze a part of the financial system. Money will leak into the functioning portions of financial markets, and then transition becomes harder. So all financial markets will be frozen. Your bank accounts will be frozen. The stock markets will be shut and frozen.  All electronic financial markets will be frozen. 

There will be an attempt to freeze the crypto-currencies. Governments will probably succeed in freezing crypto markets, since they can control who gets on/off the internet and monitor what flows over the internet. You know that the NSA has full records for every keystroke you have made over last 10 years, right? You know that the NSA has recordings of every phone conversation you have had over the last 10 years, right? Between the NSA and Chinese military, you don't believe that the internet can be reigned in and controlled in 24 hours?

The only safe asset that you will be able to personally control and manage outside the easy purview of the governments that are going to implement the ICE NINE treatment for all financial market will be land and physical precious metals.   

Buy physical gold bullion and hide it. 

Buy physical silver bullion and hide it.

Buy physical platinum and palladium and hide it.

I'm sure this won't be a popular concept for anyone worshiping at the altar of the cryptos. 

It's relatively OK to call the baby ugly. But don't criticize a man's religion at risk of starting a fight. Or maybe starting a war.

Cryptos are going to change the world and usher in an era of permanent peace, sweet butter in every churn, greener grass in every field, and everyone will have Lake Wobegon intelligence levels, according the religion of cryptos. The idea that government could shut it all down and freeze the network in 24 hours is sacrilege. 

Sorry for being sacreligious. And poking a few holes in your crytpo religion.

Just wanted to get a different point of view on your radar.  Don't stop thinking !!

Please upvote if you found this post to be interesting and thought provoking.

STEEM On!!

DaveB

This post does not constitute or contain financial advise. Before making any investments, always consult with your financial adviser to ensure your investments are appropriate for your circumstances. Make sure your adviser is willing to sign a contract to act as a fiduciary for all advice provided.

Jim Rickards, as is true with many doomsday scenariosts, has a lot of doomsday advise out on the internet that is necessarily more often wrong than right. This is to be expected since doomsdays are by defintion uncommon, not a weekly occurrence (LOL). Crisis' do happen from time to time. When they do most of the doomsday folks will be able to point to their predictions as evidence of their advance knowledge and early warnings. Broken clocks are also right twice in every 24 hour period.  So large doses of grains of salt are appropriate, unless you have high blood pressure when grains of salt should be consumed in moderation.