Obama Aid Signals Deal With 'Devil' as Bankers Get New Rules , page 1
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Topic started on 8-6-2009 @ 12:55 PM by wonderworld

Obama Aid Signals Deal With 'Devil' as Bankers Get New Rules


www.bloomberg.com
June 8 (Bloomberg) -- President Barack Obama, in less than five months in office, kicked out the head of General Motors Corp., scored a majority stake in Chrysler LLC for the United Auto Workers and stiffened U.S. fuel-mileage standards.

If pushing GM into the largest bankruptcy of a U.S. manufacturer in history wasn’t enough for a first year in office, the 47-year-old president also aims to cut greenhouse- gas emissions and increase health-care spending by $634 billion. His administration is proposing rules for the $592 trillion over-the-counter derivatives market and standards aligning
(visit the link for the full news article)


reply posted on 9-6-2009 @ 11:06 AM by wonderworld
reply to post by ziggy1706



Maybe soon the electric cars will cost 5000 SDR's This is insane. I'm curious what this new currency will look like?

Maybe they are just invisible credits.


reply posted on 9-6-2009 @ 11:49 AM by wonderworld
reply to post by earlywatcher



I think it is meant that Obama is Nationalizing all the banks and taking over Wall street.

Have you noticed today that the "Big" banks want to pay back TARP funds. They know the new global currency is close. They do not have enough money. It's a smoke screen.


reply posted on 9-6-2009 @ 12:34 PM by wonderworld
reply to post by earlywatcher



The $592 trillion will possibly be to nationalize the banks and get them ready for the IMF's new currency. It will also somehow relate to Wall Street and Hedge funds.

There is a slight possibility it's a cover-up and will be used for WW3.


reply posted on 9-6-2009 @ 12:50 PM by earlywatcher
reply to post by wonderworld



the problem is those actual derivatives. i'm no money person, but from what i understand these little bits of investment are spread throughout the market, at every layer. it's what's made even municipal bonds unsafe. they haven't been "written off" because it would damage everybody's bottom line but the credit default swaps and another thing whose name i forget are mostly worth nothing, so there really are like little holes throughout. but i think they are still being created. at least there is no law against them. what are the "rules" about them? how are they to be handled? they are a threat until they've been valued at something or written off completely.

I hope that someone who knows about this stuff can tell us what's happening.



reply posted on 9-6-2009 @ 03:40 PM by wonderworld
reply to post by earlywatcher



I have a really bad feeling this money will go directly to the IMF and be converted to SDR's the new global currency.


reply posted on 9-6-2009 @ 03:49 PM by earlywatcher
reply to post by wonderworld



undoubtedly. the question is, why haven't they announced the new currency yet? what are they waiting for? maybe the chinese need to fuss a bit more about the dollar becoming worthless. how are they going to convert what's left of our investments and retirement accounts into the new currency? do i smell a new czar about to come on board?


reply posted on 9-6-2009 @ 07:30 PM by wonderworld
reply to post by earlywatcher



I think the IMF just announced the new global currency SDR's

See link; www.abovetopsecret.com...
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