Discussing national and global financial issues is never a fun topic for me. In fact, reading such articles make me sleepy and my eyes end up being glazed over with boredom! However, recent information has forced me to sit up, take notice, and report what is being shared via blogs, aggregate websites, and in financial news stories.
First, I need to inform readers here that I don’t have all of the information that is out there regarding this issue. Second, I am looking for more information, so anyone who has more to share, please include links, commentary, and any inside information that you may have attained in the comment section! This is a Talk Wisdom Reports…You Decide kind of post.
While visiting The Birther Report, I came across several articles with comments that have been discussing a cryptic warning tweet that was sent out a few days ago by Matt Drudge. I don’t use Twitter, so here is his tweet in quotes, “Have an exit plan.”
In addition, Commieblaster has several links to articles regarding strange financial happenings in the U.S. as well as in other countries:
More Americans on Food Stamps than Population of Spain; More in Poverty Than Population of Argentina 1/27/14
Gold Scandal Going Mainstream 1/27/14
Bundesbank’s Stunner to Broke Eurozone Nations: First “Bail In” Your Rich Citizens 1/27/14
Faber: “Insiders are Selling Like Crazy” 1/28/14
|Why Are Bank Executives in London Killing Themselves?||01.29.14|
Forbes: China Halts Bank Cash Transfers 1/29/14
Why is the Fed Tapering? …Gold Manipulation 1/30/14
I suggest that you read the entire article,” Why is the Fed Tapering?” However, here is an important excerpt:
Manipulation of the gold price [previous paragraphs explain this at article link] is a foregone conclusion. The question is: why is the Fed tapering? The official reason is that the recovery is now strong enough not to need the stimulus. There are two problems with the official explanation. One is that the purpose of QE has always been to support the prices of the debt-related derivatives on the balance sheets of the banks too big to fail. The other is that the Fed has enough economists and statisticians to know that the recovery is a statistical artifact of deflating GDP with an understated measure of inflation. No other indicator–employment, labor force participation, real median family income, real retail sales, or new construction–indicates economic recovery. Moreover, if in fact the economy has been in recovery since June 2009, after 4.5 years of recovery it is time for a new recession.
One possible explanation for the tapering is that the Fed has created enough new dollars with which to purchase the worst part of the banks’ balance sheet problems and transfer them to the Fed’s balance sheet, while in other ways enhancing the banks’ profits. With the job done, the Fed can slowly back off.
The problem with this explanation is that the liquidity that the Fed has created found its way into the stock and bond markets and into emerging economies. Curtailing the flow of liquidity crashes the markets, bringing on a new financial crisis.
We offer two explanations for the tapering. One is technical, and one is strategic.
First the technical explanation. The Fed’s bond purchases and the banks’ interest rate swap derivatives have made a dent in the supply of Treasuries. With income tax payments starting to flow in, fewer Treasuries are being issued to put pressure on interest rates. This permits the Fed to make a show of doing the right thing and reduce bond purchases. As a weakening economy becomes apparent as the year progresses, calls for the Fed to support the economy will permit the Fed to broaden the array of instruments that it purchases.
A strategic explanation for tapering is that the growth of US debt and money creation is causing the world to turn a jaundiced eye toward the US dollar and toward its role as world reserve currency.
Currently the Russian Duma is discussing legislation that would eliminate the dollar’s use and presence in Russia. Other countries are moving away from the dollar. Recently the Nigerian central bank reduced its dollar reserves and increased its holdings of Chinese yuan. Zimbabwe, which was using the US dollar as its own currency, switched to Chinese yuan. The former chief economist of the World Bank recently called for terminating the use of the dollar as world reserve currency. He said that “the dominance of the greenback is the root cause of global financial and economic crises.” Moreover, the Federal Reserve is very much aware of the flight away from the dollar into gold, because it is this flight that causes the Fed to manipulate the gold price in order to hold it down and in order to be able to free up gold for delivery.
The Fed knows that the ability of the US to pay its bills in its own currency is the reason it can stand its large trade imbalance and is the basis for US power. If the dollar loses the reserve currency role, the US becomes just another country with balance of payments and currency problems and an inability to sell its bonds in order to finance its budget deficits.
In other words, perhaps the Fed understands that a dollar crisis is a bigger crisis than a bank crisis and that its bailout of the banks is undermining the dollar. The question is: will the Fed let the banks go in order to save the dollar?
That last paragraph contains the possible coming financial crisis in a nutshell:
“The question is: will the Fed let the banks go in order to save the dollar?”
With all of that in mind, recall the following quoted threat from ValeriEVIL Jarrett:
“After we win this election, it’s our turn. Payback time. Everyone not with us is against us and they better be ready because we don’t forget. The ones who helped us will be rewarded, the ones who opposed us will get what they deserve. There is going to be hell to pay. Congress won’t be a problem for us this time. No election to worry about after this is over and we have two judges ready to go.”
She certainly wasn’t talking about radical Islam enemies. She was talking about those who voted for Romney in the 2012 election, because those Americans OPPOSED what BHO was doing to America.
pay·back [pey-bak] Show IPA
1.the period of time required to recoup a capital investment.
2. the return on an investment: a payback of 15 percent tax-free.
3. the act or fact of paying back; repayment.
4. something done in retaliation: a really vicious payback for years of being snubbed.
The term “payback” can mean several things, and I think that conservatives have already faced such threats via the IRS Scandal, the NSA targeting Scandal, and all the propaganda being spewed against conservatives and their beliefs via the Media of Mass Deception which takes it’s Socialist marching orders from the ObaMARXIST BADministration.
Note this comment from this post:
KJH0987 · 1 day ago
I have been posting occasionally here for about 18 months or so. I am NOT using the ID I normally use for this post because that ID contains some personal identifiers that would be instantly recognized by those closest to me and because I’m about to disclose some contents of a confidential conversation I just had with a senior family member.
I simply don’t know where else to post this…Yesterday afternoon I tweeted said senior family member — a recently-retired and still well-connected senior officer in our armed forces — the Drudge tweet from the day before that simply read “Have an exit plan…” I asked him what he thought that meant.VERY uncharacteristically, he didn’t immediately respond… For 36 hours.About 2 hours ago, as I was driving home from work, he called me.The conversation started off as usual – questions about the kids, wife, and work – mundane stuff. He is a man of few words and doesn’t like talking on the phone. And that’s where it got weird…He started asking me questions he has never asked before. How are we financially; cash on hand? Am I prepared for a major natural disaster? Even how many rounds of ammo I have stockpiled (a shit-load). And would I be prepared to react to a situation that was impossible to foresee IN THE VERY NEAR FUTURE. War College stuff.I asked him if he had something specific to tell me. He said “no”. I asked him if it was “no” you couldn’t or “no” you won’t…? Just “no”.Then the million dollar question: is this related to the Drudge tweet I sent him? And then the bomb dropped…Yes.Then he did something he’s NEVER done before – after numerous, sometimes profanity-laced, entreaties for the old goat to stop being so cryptic, he hung up on me.That’s it.Do what you want with this…
Something BIG must be afoot. With Drudge’s cryptic tweet, the falling stock market lately, all of the information about global financial woes and manipulations in the Commieblaster links; as well as the disturbing comment above that shared a “senior member of her family” asked, “do you have cash on hand” and “are you prepared for a major natural disaster;” sadly tells us a lot about how this America hating BADministration will give the ones who opposed them “what they deserve.”
Be prepared, and be in prayer, people.
Hat tips to all links.