Filed under: AIG, bailout, bank bailout, bankergate, Big Banks, central bank, corruption, Credit Crisis, DEBT, deception, despotism, Deutsche Bank, devaluation, Dictatorship, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Empire, end the fed, Federal Reserve, geithner, Goldman Sachs, Great Depression, Greenback, hyperinflation, Inflation, main street, Merrill Lynch, middle class, obama bailout, obama deception, scandal, SEC, Société Générale, Taxpayers, Tim Geithner, Wall Street
SEC Orders AIG Info Sealed Until November… 2018!
Business Insider
January 12, 2010
Good news. It looks as though we’ll be getting access to secret data on the bailout of AIG and its counterparties.
The bad news: We’re going to have to wait until November of 2018, according to Matthew Goldstein at Reuters.
- In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory filing that includes some of the details on the most controversial aspect of the AIG bailout: the funneling of tens of billions of dollars to big banks like Societe Generale, Goldman Sachs (GS.N), Deutsche Bank (DBKGn.DE) and Merrill Lynch.
The SEC’s Division of Corporation Finance, in granting AIG’s request for confidential treatment, said the “excluded information” will not be made public until Nov. 25, 2018, according to a copy of the agency’s May 22 order.
The SEC said the insurer had demonstrated the information in the exhibit, called Schedule A, “qualifies as confidential commercial or financial information.” More
By then, Wall Street will have significantly recycled many people (and probably some more firms) and perhaps the American public just won’t care about how Tim Geithner helped bail out a gigantic black hole of a firm, upon which so many ostensibly rock solid firms had their foundation.
Filed under: bernanke, common currency, Credit Crisis, DEBT, deflation, Dictatorship, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, fiat currency, global bankers, global central bank, global currency, global economy, global elite, global government, global treasury, Globalism, globalist elite, Great Depression, Greenback, hyperinflation, imf, IMF bonds, Inflation, internationalist, internationalists, jimmy carter, main street, New World Order, NWO, Oil, One World Government, OPEC, private bank, SDR, SDRs, single currency, socialism, sovereignty, Stock Market, super currency, Tim Geithner, U.S. treasury, UN, united nations, US Economy, US Treasury, Wall Street, world currency, world government
Confidential Memos Indicate Oil SDR Pricing Shift Would Be “Most Damaging” To United States
Zero Hedge
October 12, 2009
A recently declassified, formerly Confidential, 30 year old memo prepared by Henry Owen for President Jimmy Carter’s eyes only, highlights the perils facing the United States if oil were to be priced in SDRs instead of dollars, a topic which is all the rage today as rumors are swirling that this is an imminent transition to be “put” upon the United States.
In response to your request, we have considered, and discussed with other agencies, whether the US should favor use of SDRs instead of dollars, to pay for crude oil… I have concluded that dollar pricing should be maintained — a view that is shared by State, Treasury and CEA.
The reasons:
1. An announcement that dollars were no longer being used as the unit of account in paying for oil would trigger selling of dollars on the foreign exchange markets. So we would suffer.
2. I don’t see any offsetting gain, since OPEC would probably raise prices in SDR terms, as necessary to recover revenue losses if the SDR appreciated relative to the dollar.
And the conclusion:
We might be able to persuade the OPEC countries to make the shift if the dollar weakened but that’s precisely when the move would be most damaging to us.
Poor Mr. Owen- little did he realize that a mere 3 decades after this memo was penned, the administration would be consumed by a bunch of Wall Street pandering, middle class extortionists, who seek nothing else than to inflate the trillions of toxic “asset” loans that make up the broken backbone of the American financial system. It would come as no surprise if the move is now in fact spearheaded by the same administration which has no other purpose in life than to destroy what little savings Americans have and to throw all their cash to prop up artificially inflated equity prices so that insiders can sell their stock at agreeable levels, and so the toxic companies can use the run up to issue follow on offerings, moderating their untenable debt holdings.
Even more troubling, in another declassified memo, former Undersecretary of the Treasury and President of the New York Fed, Anthony Solomon, reaches this damning conclusion:
The choice of the unit of account for oil pricing is basically under the producing countries’ control. There is no particular economic reason why a shift from the dollar would be contrary to U.S. interest — unless the dollar were to depreciate significant in relation to the currencies in the pricing basket. But there could be major psychological effects. Given the unsettled conditions in the foreign exchange market [TD: so true today, 30 years later], such a step at this time could be interpreted as a lack of confidence in the dollar and as presaging a shift in OPEC investment policy away from the dollar. It could precipitate a serious market reaction.
Alas, even President Carter, seen by many as one of the worst American president in American history was smart enough to not bury his own middle class at the expense of landed Wall Street interests. It is a pity that his current
incarnation, advised by the Bernanke-Summers-Geithner think tank, has such diametrically opposing motivations.
Filed under: 2-party system, auto bailout, Barack Obama, Big Banks, cap-and-trade, Censorship, Communism, Congress, Dictatorship, Dissent, Empire, Fascism, Federal Reserve, george soros, glenn beck, government bureaucrat, government control, government regulation, health care, health care reform, Healthcare, HR 3200, Income Tax, insurance companies, Kennedy health care bill, left right paradigm, Mainstream Media, media bias, media blackout, media censorship, medical industrial complex, medicare, Nancy Pelosi, nanny state, Nazi, neocons, Neolibs, obama, obama care, obama deception, obamacare, Oppression, patriot movement, Propaganda, Protest, public option, Senate, socialism, tax, Taxpayers, tea party, Tim Geithner, universial health care, US Constitution, Washington D.C., White House | Tags: D.C., dc march, dc protest, DC tea party, dc teaparty
Mainstream Media Cover-Up Implodes As World Discovers Millions Marched In DC
Kurt Nimmo
Prison Planet.com
September 13, 2009
The Gray Lady of Operation Mockingbird, the New York Times, reports today that “thousands” of patriots protested against Obamacare, cap and trade, the bankster bailout, and unchecked federal government power in the District of Criminals yesterday.
“The demonstrators numbered well into the tens of thousands, though the police declined to estimate the size of the crowd,” the newspaper reports, attempting to downplay the historical significance of the protest.
The New York Times says the police declined to estimate the crowd — or rather the corporate media declined to report it — because the number was around two million, the largest protest in the capitol’s history.
The protest out-numbered Martin Luther King’s “I Have a Dream” speech delivered from the steps of the Lincoln Memorial during the March on Washington for Jobs and Freedom on August 28, 1963. That march was estimated at around 200,000 people.
ABC News did likewise, pegging the turnout in the thousands. “Thousands of conservative protesters from across the country converged on the Capitol Saturday morning to demonstrate against President Obama’s proposals for health care reform and voicing opposition to big government, what they say is over-the-top spending,” the corporate propaganda outlet claimed on Saturday.
Ditto the War Street Journal — excuse me, the Wall Street Journal — although they put the number at tens of thousands. The Journal admitted the obvious: “While some Republican officeholders were at the rally, not everybody there called themselves Republicans.”
NPR, the news service of Soros and the foundations, did the same parlor trick with the math, putting the number at tens of thousands. NPR contradicted itself, however, and reported that as “the demonstrators walked along Pennsylvania Avenue toward the U.S. Capitol, the line stretched as far as the eye could see in either direction. The crowd was so thick in places that it was difficult to move.”
As to be expected, the “progressives” (left cover bankster faction) attempted to portray two million patriotic Americans as racists. Think Soros, formerly known as Think Progress, posted a blog entry supposedly revealing racist placards at the event — in fact, none of the signs showed were racist — the worst the Soros operatives produced was a photo of a woman with a Confederate flag. The Soros clan said everybody at the event was white (as if they had examined the skin color of two million people).
It’s not going to work. The two million people who showed up to voice their outrage at a federal government out of control and in violation of the Constitution was but a small sampling of the millions of people across the country in opposition to Obama and the corporate-fascist agenda of his one-world masters.
If Obama and the Democrats ram the deathcare bill through the House by way of “reconciliation,” the opposition will redouble its numbers and once again take to the streets.
Judge Napolitano Interviews Glenn Beck – (9/1/4/2009)
9/12 demonstration a record DC turnout: National Park Service
American Thinker
September 13, 2009
The truth will out. Despite mainstream media attempts to characterize turnout as in the thousands, a spokesman for the National Park Service, Dan Bana, is quoted as saying “It is a record…. We believe it is the largest event held in Washington, D.C., ever.”
Democrats and their media acolytes may wish this weren’t so, and they may even employ the Ostrich Strategy, burying their collective heads in the sand, pretending that a major important political movement isn’t happening. But they only hasten their own demise in doing so.
Meanwhile, Gateway Pundit compares the littler left behind on 9/12 with the aftermath of the Obama inauguration. It is a startling contrast.
White House Says Health Care Protesters Not in Mainstream
Private health insurance lobbyist throws fundraiser for Nancy Pelosi: Report
Filed under: 2-party system, AIG, audit the fed, bailout, bailouts, Barack Obama, Bear Stearns, bernanke, Big Banks, Credit Crisis, DEBT, deficit, deflation, Dictatorship, Dollar, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, George Bush, global economy, Goldman Sachs, Great Depression, Greenback, housing market, hyperinflation, Inflation, interest rate cuts, left right paradigm, obama, rate cut, socialism, Stock Market, Taxpayers, Tim Geithner, unemployment, US Economy, Wall Street
Embracing Bushonomics, Obama Re-appoints Bernanke
Mark A. Calabria
Cato @ Liberty
August 25, 2009
In re-appointing Bernanke to another four year term as Fed chairman, President Obama completes his embrace of bailouts, easy money and deficits as the defining characteristics of his economic agenda.
Bernanke, along with Secretary Geithner (then New York Fed president) were the prime movers behind the bailouts of AIG and Bear Stearns. Rather than “saving capitalism,” these bailouts only spread panic at considerable cost to the taxpayer. As evidenced in his “financial reform” proposal, Obama does not see bailouts as the problem, but instead believes an expanded Fed is the solution to all that is wrong with the financial sector. Bernanke also played a central role as the Fed governor most in favor of easy money in the aftermath of the dot-com bubble — a policy that directly contributed to the housing bubble. And rather than take steps to offset the “global savings glut” forcing down rates, Bernanke used it as a rationale for inaction.
Perhaps worse than Bush and Obama’s rewarding of failure in the private sector via bailouts is the continued rewarding of failure in the public sector. The actors at institutions such as the Federal Reserve bear considerable responsibility for the current state of the economy. Re-appointing Bernanke sends the worst possible message to both the American public and to government in general: not only will failure be tolerated, it will be rewarded.
Geithner: Auditing the Fed is a “line that we don’t want to cross”
noworldsystem.com 