WHAT’S UP WITH THAT EMERGENCY FED MEETING?
You probably heard that last week, President Obama and Vice-President Biden met with Federal Reserve Chairman Janet Yellen behind closed doors. That fact alone should have raised eyebrows and for those in-the-know it probably did, for as a matter of normal security protocols, meetings or appearances both of the President and Vice-President in one place and at the same time are strictly limited for security purposes. From this one fact alone one may deduce that the meeting was about "serious matters" but the question is: what exactly?
A number of regular readers here have shared various articles addressing this various question, and thus I share them with the wider readership here for your consideration.
First of all, there is the admission of Goldman Sachs and Wells Fargo to having comitted some deep financial "improprieties":
Here are the two admissions of fact in a nutshell:
The settlement includes a statement of facts to which Goldman has agreed. That statement of facts describes how Goldman made false and misleading representations to prospective investors about the characteristics of the loans it securitized and the ways in which Goldman would protect investors in its RMBS from harm (the quotes in the following paragraphs are from that agreed-upon statement of facts, unless otherwise noted):
Wells Fargo & Co admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a … settlement of a U.S. Department of Justice lawsuit.
According to the settlement, Wells Fargo “admits, acknowledges, and accepts responsibility” for having from 2001 to 2008 falsely certified that many of its home loans qualified for Federal Housing Administration insurance.
The San Francisco-based lender also admitted to having from 2002 to 2010 failed to file timely reports on several thousand loans that had material defects or were badly underwritten ….
And why, asks the first article, should we care? The answer: one cannot have a functioning or sustainable(to use the globalists' favorite word) economy with no rule of law, or, as the case is, one set of rules for most of use, and another set of rules for the corporate criminal class:
Because Wells Fargo received a $25 billion dollar bailout and Goldman received $10 billion in one bailout and $13 billion in another.
Moreover, fraud was one of the main causes of the Great Depression and the Great Recession … which cost tens of trillions of dollars in losses. But nothing has been done to rein in fraud today. And governments have virtually made it official policy not to prosecute fraud criminally. (Background.)
Fraud is an economy-killer, and trying to prevent a depression while allowing a breakdown in the rule of law is like pumping blood into a patient without suturing his gaping wounds.
But what is being left unsaid in this article is what lurks "between the lines": the massive fraud was committed upon the US government, but could only have been "workable" with the knowledge and connivance of the very federal agencies involved in some form or fashion. And this means that one is dealing with a financial system where corruption is the rule. Set that aside in the back of your mind for a moment, and then consider this article about what may ultimately be behind the sudden rush to hold closed meetings: the brewing and festing crisis at Germany's giant Deutschebank and all the toxic derivatives on its books:
Consider just these paragraphs from the above article:
The announced subject matter of the two subsequent meetings are perhaps of more interest: “bank supervisory matter” (Tuesday) and “periodic briefing and discussion on financial markets, institutions, and infrastructure” (Wednesday).
I find the latter two topics in the context of the fact that it appears that the European banking system – to which the U.S. Too Big To Fail Banks are inextricably tied – appears to be melting down.
For me the “tell tale” for the western financial system is Deutsche Bank. Deutsche Bank has emerged as a “rogue” bank of sorts that had taken on a catastrophic amount of reckless credit market risks. Nothwithstanding its literal financial nuclear portfolio of derivatives, DB thrust its balance sheet into every sector of the global economic system that has been melting down over the past 12-24 months including energy, commodities, “Club Med” European banks and junk bonds. It also began to choke to death on bank debt loans to companies like Glencore and Volkswagen.
The trading action in DB’s stock price has been unable to mask the underlying melt-down going on at the Company...
Even our friends at Zero Hedge are pinpointing Deutsche Bank as being at one of the epicenters of whatever it is "they" are discussing behind closed doors:
What in the World is Going on with Banks this Week? Emergency meetings, banker summits, crashing European banks.......
So what's going on? Well, suffice it to say that no one really seems to know for certain, but whatever it is, it has the banksters typically looking out for their own and no one else. But I strongly suspect this is all part of the ongoing financial mess created by the derivatives bubble whiich ballooned into the quadrillions of dollars during the late 1990s and early 2000s, a crisis that went unnoticed, as I detailed in my book Babylon's Banksters, so long as the mortage component of those derivatives continuing to climb during the housing bubble. When the bubble burst, the derivatives became bad paper (which they always really were), and banks like Deutsche Bank which was left with a large chunk of those derivatives on its books were caught in the squeeze. Add to this the fraudulent nature of many of those mortgages, a little "robo-signing", and you have a banster created crisis. Now we have indictmments in France against a member of the Rothschild family itself.
But that said, we have the usual type of analysis in evidence in all treatments of this story, namely, that hyper-inflation is just around the corner. But we've been hearing this since the bail-outs, and even long before, but it has not happened. If anything, the pressures have been deflationary, as Catherine Fitts and many others have pointed out. So where's all that money going? I suspect, with the revelation of the Panama papers and their clear implication of a large underground and hidden economy, a hidden system of finance, that the standard analyses here again fail. It is, admittedly, high octane speculation, but as we have seen, during all this financial machination, we have also been tracking stories of new energy technologies, and even a story about the USA becoming energy independent in five years, with a large chunk of this being provided by renewable sources. As we've also seen, Saudi Arabia itself senses something is in the air, and has started a two trillion dollar fund to transition its economy to a non-oil based renewable energy economy. This suggests that what these meetings might really be about is not only dealing with the looming banking mess in Europe, but more importantly and at a much more profound and deeper level, the transitioning of the financial system over the long term to a very different energy system and new technologies that keep being reported in the news with a seemingly increasing flow.
See you on the flip side...
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Benjamin Fulford, 4/18/2016:
“Pentagon sources and CIA sources both also tell us that when Federal Reserve Board Chairperson Janet Yellen met with US President Barack Obama and Vice President Joe Biden that Yellen asked for the US military to mobilize to round up trouble makers and put them in FEMA camps to prevent mass rioting after a planned Fed move to save the big banks by stealing people’s savings. … In any case, the military said no, they had other plans.”
(Fulford being Fulford, use your internal discernment…)
seriously, who is fulford? and how much did he inhale? and did he ever exhale?
& a few hours later …. the other shoe drops (gets thrown?)
And within days the class action lawsuits have started en mass. So if you owned any gold or silver or shares in gold/silver mining companies or you were/are a gold/silver mining company get your lawyers going.
Think about it. Every gold/silver venture that has failed in the last 15 YEARS can sue large banks for their failure! The large banks involved (Bank of Nova Scotia, HSBC, UBS) are just the tip of the iceberg.
The financial liability will only be outdone by the political fallout as sooner or later some of these banks will say “the FED made us do it”.
I knew something Important was up when BOTH Obama and Biden met with the chief-lackey of the Roths (behind closed doors, of course). Security protocols are strict, as Joseph mentioned.
I think we are quickly approaching a Cusp Moment, or Nexus Point as they call it in SF. There are enough ‘signs in the air’ that something momentous is about to take place. All parties are scrambling, trying to assert their ‘time line’ vision.
As they say in SF-land: “Watch Out for that Butterfly!”
so how’s a survival intent decent person keep on through this?
btw. whats’s sf? sci fi?
SF = Science Fiction. Being lazy (grin).
My way of coping with this period is to trust in my intuition. And heed it…
All’s I can say is that there IS something brewing, joining all the dots, it points to a major “happening”, but what??
Maybe the Panama papers?, maybe something to do with “space”, those elites are up to something and looks like Obama may be visiting Saudi Arabia to read them the riot act, who knows.
Dave Emory in his latest broadcast links the Panama Papers with Nazi’, Ferdinand Marcos, and gold backed bearer bonds, now where have we seen this ???
Here is the link to the FTR #900
What’s going on? Well, the whole fraudulent zombie QE-animated Ponzi scheme — err, “financial system” in newspeak — is finally going belly up.
It’s all fraud, fraud, fraud as far as the day is long, and despite the convictions of the inveterate liars and unindicted criminals who make up the government and the financial “elite,” you simply can’t run a real economy based on fraud. One day the parasites have sucked out so much liquidity from the system and improverished so many that the whole racket collapses. Even in an economy as big as the USSA’s.
And DB is a dead man walking; it’s toast. It’ll take down the PIIGS and the whole derivitave time-bomb will finally go off. It will be very unpleasant.
And more and more people are waking up the the Ponzi Fed racket, and nobody particularly likes the US anymore. In fact, most people are downright freaked out by the US, like they’d be freaked out by an axe murderer living next door. They’re sidling off, out of the room, and the crowd left is getting pretty thin, and pretty skittish.
It’s worse than that. Replace system with warfare and you have a more accurate picture of what it really has been and used for all along since its inception. Usury interest rates and fiat money is about economic conquest of the world’s resources, including control of the world’s people under its wing. The coming phase is the mob up of the last of the upper middle class and remaining rich holdout’s assets. It is also the time these morally decadent financial warriors and conquerors step out of shadows and begin to openly rule the newly created serfdom with a technological steel fist.
The word Wall Street will mot speak it’s name is Depression on steroids. The elites are rearranging the deck chairs on the economic ships of states that are the CSA, EU. As they run aground and sink in the sea of lies and corruption of their own creation. When will these overage brats grow up what were they taught in those overprice Colleges and Universities anyway they seem to have no knowledge of how the World really works.
There exists a possibility that they’ll pull a rabbit out of the hat if there is yet another financial meltdown. By releasing new tech, i.e. Cold Fusion, Materials, Energy Storage, etc. Something to kick start the US economy. Whilst simultaneously taking down the BRICSA financially.
In the meantime note all of the siesmic and volcanic goings on over the last ~10 days. Note also, the amount of volcanic ash in the atmosphere is starting to keep us cooler. This may have been one of the reasons all those meetings took place..
mr global probably understands the cause and effect better than the most insightful public sources we can get to. weather, climate, seismicity, solar cause and effect, electromagnetism,… it’s all one. it does seem like mr global and his various illuminati friends have had better clues at this for centuries.
guessing they are transitioning to another energy paradigm for no other reason than that it protects their moat around their monopoly on power.
what worries me is not which (and there’s a long list from tesla et al) paradigm they’ll sell us all on next. my concern is how much and where is the genocide they’ll induce to convince us all that whatever they do to siphon off more is all in our best interest. where and what and when can we do to maximize the odds in our favor.
not that i’m desparately clinging to life nor anything. more like aggressively determined to survive well. it feels like the right think to do.
The Panama Papers, etc., are all part of the Going Cashless Operations underfoot. The only way to stop the fraud, says the spider to the fly, is for a total cashless system.
As Dr Willie has been saying since last Nov., DB is failing, period, and it will crash taking 4 other major EuroBanks with it and the piigs, already weak themselves. Then, the Russian-Chinese move to a gold-based currency begins on the 19th at the SGE, which will reset the price of gold, thus putting pressure on the weakening fiat-petro$.
As the deriative bubble goes, the DB collapse beginning the avalanche, the fallout will reach the shores of the US. So, the Fed-UsTeas is caught in a vise…the fiat hegemony fractures as the Western Deriative Bubble burst with DB and the break between the US and SA opens up another deep fracture in the energy-paper$ system just as the Chinese and Russia change the rules on International Currency–going to gold–and as more recession statistics emerge thus undermining O’s attempt to keep the economy at bay Until HC can get elected….
A big balancing act and Nov is a long ways off, still.
Russia and China going to a gold based currency may not be such a good idea, as it seems to be a base without real merit in today’s world. We’ve gone past that years ago since the economy is based on energy sources, which is why I believe they have to transition to a new form of energy base, whether solar or not, renewables are the future.
How’s a currency based on nothing but fraud workin’ for ya?
depends on how they fraud the next energy source eh basta?
who’d a thunk spain’s renewables would lose so much money they went bust? besides the fraudulent banksters who know how to saddle so much debt that even no-brainer simple pure profit investments turn from gold to lead.
Thank you, Dr. Farrell, for continuing to hammer on the New Physics angle of the Hidden system of Finance. I’ve posted a Blog myself about this connection between next week’s launch of the new gold fix and Shanghai on April 19th, the same date that the replica Arch of Triumph from Palmyra is getting unveiled in London. I found it interesting that Palmyra has always had a legend associated with it of Supernatural Supernatural Genies that protected the merchant caravans. I have no doubt somebody has been poking around in Palmyra undercover of the Isis terrorist destruction of the Antiquities. China I need a bit of that protection as the whole financial order now begins to shift eastward. My blog: