This one actually worries me the most.
Posted on 08/23/2013 6:17:17 AM PDT by Renfield
If there’s one thing we know about how the US government operates, it’s that the American people are often the last to know about serious problems that may be taking place behind the scenes.
This week, in a move that has spooked a lot of economic and financial analysts, President Barack Obama held a special, closed door meeting with the heads of the U.S. government’s financial, monetary and oversight agencies. It included members of the Federal Reserve, the FDIC, the CFTC, the SEC, and the Federal Housing Finance Agency.
This has left many wondering what is really going on – and if a serious event is about to take place yet again.
I guess I’m always unnerved as a result of what happened in April, the last time the President of the United States had a meeting with all of the bank heads, and two days later the price of gold was smashed for over $200.
Now, the President is meeting with all of the heads of the various agencies, institutions, the Fed, and all of the other key money entities in the United States today. What’s that all about?
But clearly if the President is having this meeting, there is a crisis unfolding somewhere in the background, and it could very well relate to the dollar, interest rates, and the massive derivatives market associated with interest rates…
…
This surge in interest rates may have already seriously destabilized the entire financial system, and that’s why there is this meeting taking place in the White House today. The fact is that the vast majority of derivatives in the global financial system are related to interest rates.
Now, the entire financial system may be on the precipice of some sort of catastrophic event unfolding because of what we have already seen in the bond market, and how the derivatives are so heavily intertwined. Meaning, we may be on the verge of another disastrous derivatives meltdown.
John Embry – King World News via Steve Quayle
Ahead of the 2008 collapse, as the pillars of our financial system were undergoing a controlled detonation, the Chairman of the Federal Reserve assured us the crisis had been contained. Experts and pundits on television were screaming to investors that everything was fine and to keep buying the dips.
Behind the scenes, however, President Bush, the Federal Reserve, and the world’s leading financial institutions were scrambling to figure out how to keep the whole thing from falling apart. As former US Treasury Secretary Hank Paulson noted, we were on the brink of a historic collapse, and they knew it well ahead of time.
The American people were not as fortunate. Most of us came to the realization things had taken a turn for the worse only after 50% of our wealth had been wiped out in a stock market and housing crash.
Today, like before, all of the experts in Washington and the mainstream media are making a point to reassure us that we are in the midst of an economic recovery. However, key economic indicators suggest otherwise. We are seeing a plunge in global shipping, a halt in consumer spending, and perhaps most importantly, a significant rise in interest rates and the US government’s borrowing costs.
Now, as the President meets with a veritable who’s who of government finance, lending and monetary policy one can’t help but think something is amiss.
Are we on the brink of another global disaster?
Likely just another blackmail session intended to keep the balloon afloat till after the midterms.
Convert holdings into inflated cash.
IT’S THE FEDERAL RESERVE, STUPID!
Long past time to destroy this monster that’s eating America. Long past time to impeach their chief operative and his cronies.
Can’t take this seriously without proof of massive late-night deliveries of pizza to the white hut. /facetious-ism
It’s all a house of cards, and a breeze is coming.
I originally thought the headline referred to the “bisexual summit” the Black Messiah has scheduled for next month. Hm.
Obviously, he’s receiving some new marching orders from the Big Money during this meeting. And that’s never good news for the peasants.
I do not see us starting a fight with Syria just yet.
For one thing, we don’t have the men or material to do it.
Oh, is that all this is?
It has happened before and will happen again. The US Gubmint is broke. In lieu of QE4, 5, 6 ad nauseum, they will take our gold to finance their New Socialist World Order.
Just MHO and a wild guess.
They drafting Executive Orders to confiscate 401k’s, Roths and other retirement instruments.
Probably more right than you know.
This gang has no interest in protecting this country or it’s citizens. They spend their days concocting ways to destroy this country and stay in power.
We don’t have to go to war with them.
We have provided the rebels training and weapons.
Is Zero out of golf balls? Wants new clubs? What crisis? He’s only at the golf course.
“There Is a Crisis Unfolding...”..
Hang onto your hats people. Remember, “Never let a good crisis go to waste”?
Not very likely.
Why would this President meeting behind closed doors with members of the Federal Reserve, the FDIC, the CFTC, the SEC, and the Federal Housing Finance Agency signal a looming crisis?
Leaping to such a conclusion would rely on the assumption without any proof that this President is engaged with the vital issues of the day, competent, aware, in control, well, you get the picture.
No sireee. With this President, the best clue to figuring out whether there is a crisis unfolding is to find out if he is playing cards in some back room with Reggie Love.
This one actually worries me the most.
First Question with Hussein always---- is this real? or DIVERSIONARY....?
“You guys better come up with a way to make the economy look like it is booming before the elections. And more important, make it look like I did it.”
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