Free Republic

Not even sure where to start. Wednesday I saw a story stating Soros bought Citi for $1.3 Billion dollars and doubled his stake in Gold. Yesterday, I saw a story stating IMF was about to sell tons of Gold. Also yesterday, I saw a story stating China had sold our treasury bonds in a plan to buy Gold. So I started digging. I know, you're shocked. LOL. Here's the facts and links. Connect the dots. Let's start at the beginning. When Obama was elected, one of the first things he did was give $108 Billion dollars to the International Monetary...

Islamic megabank to launch in 6-12 months Thu, Feb 18 2010 MANAMA (Reuters) - The creation of a planned Islamic investment megabank is in "fairly advanced stages" and it will likely be launched in the next six to 12 months, an executive at a firm advising on the project said on Thursday. A plan to form the world's largest sharia-compliant lender -- which is being promoted by the chairman of Al Baraka Banking Group Sheikh Saleh Abdulla Kamel -- has been in the works for some years. Sheikh Saleh said last April the global financial crisis had delayed the project,...

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars as of 12/09) China, Mainland 789.6 Japan 757.3 United Kingdom 2/ 277.5 Oil Exporters 3/ 187.7 Carib Bnkng Ctrs 4/ 179.8 Brazil 157.1 Hong Kong 146.2 Russia 128.1 Luxembourg 91.7 Taiwan 78.4 Germany 53.6 France 47.5 Canada 46.6 Korea, South 39.1 Ireland 38.8 Singapore 36.4 Thailand 31.7 India 31.6 Turkey 29.6 Norway 26.2 Mexico 26.2 Egypt 25.3 Netherlands 20.3 Sweden 19.4 Italy 19.1 Israel 16.6 Colombia 15.6 Belgium 15.3 Chile 12.2 Philippines 12.2 Australia 11.5 Malaysia 11.1 All Other 142.3 Grand Total 3597.5 Of which: For. Official 2404.6 Treasury Bills...

Here’s the latest in the question of the New York Fed, Treasury Secretary Tim Geithner and the AIG bailout, as we’ve covered here at Big Government before (here and here). Last year, Iraq war vet Kevin Murray brought a lawsuit against the Treasury Department and Ben Bernanke (Murray vs. Geithner, et al) for its acquisition of AIG– a scheme that made the US taxpayer the world’s largest provider of Shariah-compliant insurance products. Lawyers David Yerushalmi and The Thomas More Law Center’s Robert Muise found, in the course of discovery, that that was just the tip of the iceberg. Yerushalmi and...

While many accounts have been written about the extremely 'shady' dealings which Goldman Sachs has/had with AIG – which led directly to AIG's $180 billion bail-out – unless I've missed it, one of the key issues has been soft-pedaled and another has been ignored altogether. These two topics which I intend to discuss are a) that Goldman Sachs used AIG as its financial 'toilet'; and b) that Goldman Sachs had begun openly and deliberately misrepresenting assets/investments to investors starting in 2006 or 2007 – at a time when all the other banker-oligarchs were continuing to assert their “mark to model”...

Treasury Secretary Timothy Geithner (GYT'-nur) says the U.S. government "will never" lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops $14 trillion. [Snip] Moody's Investors Service recently issued a warning that the government's credit rating could eventually be in jeopardy if nation's finances don't improve. The cost of borrowing would increase significantly if the ratings service lowered the credit rating, also known as a bond rating, for U.S. Treasuries. Geithner tells ABC's "This Week" that will never happen.