“There Is a Crisis Unfolding Somewhere in the Background”
Mac Slavo
SHTFPlan.com
Aug 22, 2013
If there’s one thing we know about how the US government operates, it’s that the American people are often
the last to know about serious problems that may be taking place behind the scenes.
Credit: Wikimedia Commons
This week, in a move that has spooked a lot of economic and financial analysts, President Barack Obama held a special,
closed door meeting with
the heads of the U.S. government’s financial, monetary and oversight
agencies. It included members of the Federal Reserve, the FDIC, the
CFTC, the SEC, and the Federal Housing Finance Agency.
This has left many wondering what is really going on – and if a serious event is about to take place yet again.
I guess I’m always unnerved as a result of what happened
in April, the last time the President of the United States had a meeting
with all of the bank heads, and two days later the price of gold was
smashed for over $200.
Now, the President is meeting with all of the heads of the various
agencies, institutions, the Fed, and all of the other key money entities
in the United States today. What’s that all about?
But clearly if the President is having this meeting, there is
a crisis unfolding somewhere in the background, and it could very well
relate to the dollar, interest rates, and the massive derivatives market
associated with interest rates…
…
This surge in interest rates may have already seriously
destabilized the entire financial system, and that’s why there is this
meeting taking place in the White House today. The fact is that the vast majority of derivatives in the global financial system are related to interest rates.
Now, the entire financial system may be on the precipice of some sort of catastrophic event unfolding because
of what we have already seen in the bond market, and how the
derivatives are so heavily intertwined. Meaning, we may be on the verge
of another disastrous derivatives meltdown.
Behind the scenes, however, President Bush, the Federal Reserve, and
the world’s leading financial institutions were scrambling to figure out
how to keep the whole thing from falling apart. As former US Treasury
Secretary Hank Paulson noted, we were
on the brink of a historic collapse, and they knew it well ahead of time.
The American people were not as fortunate. Most of us came to the
realization things had taken a turn for the worse only after 50% of our
wealth had been wiped out in a stock market and housing crash.
Now, as the President meets with a veritable who’s who of government
finance, lending and monetary policy one can’t help but think something
is amiss.
Are we on the brink of another global disaster?
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