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Larry Nichols-FEMA Government Could Make Obama King [VIDEO]
Former Clinton insider Larry Nichols warns, “One of the five major banks has way too much of that $72 billion Puerto Rican debt. It might not sink them, but it may cause a problem. If one of the major banks took a hit like that. . . . The FDIC just said it does not have enough liquidity if two major banks went into default. If one of the major banks falls or if one major bank was getting ready to take a nose dive, people would run on all the banks wouldn’t they? If everybody tried to cash their money out of the banks at one time, they would get about 6 cents on the dollar. You think you got a $100,000 protected in the bank—you don’t.”
Nichols, who is currently undergoing treatments for lung cancer, also says, “I believe President Obama doesn’t really want to leave. Now, how could he stay? It only takes a crisis. If a national crisis is declared . . . FEMA comes in. Most people don’t even know about the FEMA provisional plan. In case a meteor hits America and we go into a national crisis, FEMA has already got a plan in place ready to go where they will set up a provisional government. So, if the banks were to start collapsing, guess what Obama would do?
He’d go to Congress and get them to vote and boom, in comes the provisional FEMA government, which makes the president ... king.”