It looks like the gig may be up for Obama Ben Bernanke and Company. The US government bought its way out of the global financial crisis by furiously printing trillions of fake dollars out of thin air and flooding the financial system with them. The stock market has responded with a 4 1/2 year Bull Market made out of monopoly money that could go up in flames at any time.

Housing prices and the housing market have begun what appears to be a recovery. Artificially low interest rates have boosted housing prices and helped the housing market, however, we need to remember that the economic recovery is all based on artificially low interest rates they cannot remain low forever. As a matter fact, that forever ends now.

All the financial trickery perpetrated by the financial scammers was based upon the assumption that interest rates could be artificially manipulated down forever. Actually, Bernanke never cared about forever. All he cared about was the end of his term in office.


Is it a coincidence that as interest rates are now beginning to rise, threatening the global financial system once again, that Bernanke is leaving office? I don’t think that is a coincidence at all. I think it was planned that way.

As the global financial system once again teeters on collapse, Bernanke will be shuffled out of office with the ceremony of a hero. While artificially stimulating the economy may have been good for a short period of time during the global financial crisis of 2008-2009, by continuing to flood the financial system with Monopoly money for the past four years, Bernanke has created an even greater financial crisis for America and the world.

Overdose: The Next Financial Crisis

Are we on the verge of that crisis now?

Mac Slavo
August 21st, 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.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.

John Embry – King World News via Steve Quayle

Ahead of the 2008 collapse, as the pillars of our financial system were undergoing a controlled detonation, the Chairman of the Federal Reserve assured us the crisis had been contained. Experts and pundits on television were screaming to investors that everything was fine and to keep buying the dips.

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.

Today, like before, all of the experts in Washington and the mainstream media are making a point to reassure us that we are in the midst of an economic recovery. However, key economic indicators suggest otherwise. We are seeing a plunge in global shipping, a halt in consumer spending, and perhaps most importantly, a significant rise in interest rates and the US government’s borrowing costs.

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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It seems that there have been another rather ominous series of coincidences. On Thursday, August 22, NASDAQ claimed they were forced to halt trading due to problems with their computer system. Are the powers that be preparing for some sort of financial crisis?

Only two days earlier, on Tuesday, August 22, Goldman Sachs “accidentally” flooded the exchanges with stock and option orders that it claims were a mistake. Who is going to pay for this mistake do you think? Do you believe that the bankers, the ones who are responsible for this incident, are going to take full responsibility for paying the price for their mistakes as they did during the financial crisis of 2008-2009? Or do you think they will let Goldman Sachs off the hook like they did during the global financial crisis and force other, innocent traders who took the other side of those bogus orders, to pay some of the price for Goldmans “mistake”?

If you accidentally make a mistake when placing an order, which is common and happens often to any frequent trader, do you think you can call the exchange and tell them to reverse the trade because you made a mistake? Or do you think they will laugh in your face?

But that is exactly what they’re going to do for Goldman Sachs. Many of the so-called mistaken trades that Goldman Sachs made are going to be reversed, and other traders will suffer and have to pay the price for Goldman’s mistake. That is the injustice that exists in America today due to the criminals and thieves who we elect and allow to lead us.

More on how the bankers caused the global financial crisis coming up.

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