I received an email from my father (recently converted to conspiracy thinking :()
with a link to this article.
Seems a little to conspiracy-y for me, but i thought about consulting the expertise of the Dope on this.
Is the source reliable?.
Is the US really about to do this? (I doubt it).
Even a stopped clock is correct twice a day.
So HSL called it right once - yet the article points out “performance failures” in the HSL. Then says “bank holiday”. I don’t buy it. The only way I could see a genuine bank holiday occuring is if the FDIC fails - which is possible, like an asteroid hitting us from space or the Yellowstone supervolcano exploding, but day to day or year to year is a highly unlikely event.
FDR’s bank holiday was to stop runs on banks, due to fear that banks would run out of money. There is no such fear today, thanks to the FDIC. I didn’t get why a bank holiday today would be needed. You can regulate (or even nationalize) banks without shutting them down. The issues banks have involve their balance sheets, which aren’t going to go away with a holiday. Plus, no one in his right mind would order anything so catastrophic.
It seems to me this is another “Obama is a socialist who is going to nationalize everything” bit.