CME To Open Account AT FED…

CME TO OPEN ACCOUNT AT FED…
Source: GizaDeathStar.com
Dr. Joseph P. Farrell
April 27, 2016

Now, this unusual story was shared by Mr. T.S., who sent it along with an email posing the question: “is this new account going to be used to bolster Commercial Banks with Funds from the FED in the Event of Margin Failures resulting from Extreme Gold demand forcing the shorting banks to liquidate their margin accounts?” Well, I’ll let you read the short article, and “you can tell me”:

CME Group says preparing to open account at the Fed

So what’s going on here? Well, I suspect that for one thing, Mr. T.S. is right, or at least, close, in that something like what he has proposed may be going on. But there are other possible explanations as well, and one of them is that this, too, is a manifestation of what, in part, may have transpired at that secret meeting of Mr. Obama, Mr. Biden, and Ms. Yellen, at the Fed last week. You’ll recall two days ago that I blogged about the fact that most derivatives trades are currently still “over-the-counter” and not subject to central clearing. You’ll also recall that the initial Obama-Biden-Yellen meeting was due to the Fed invoking “expedited procedures”, and that this meeting was followed up by meetings of major bankers in Washington, and a letter to JP Morgan Chase warning it that its “wind down” plan – sort of a last will and testament for banks about to expire – was simply inadequate, since the bank was exposed to seizures of its liquidity from “foreign jurisdictions” (the Fed’s phrase) and unspecified “third parties”(again, the Fed’s phrase).

Continue Reading At: GizaDeathStar.com

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Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

 

What’s Up With The Emergency Fed Meeting?

Source: GizaDeathStar.com
Dr. Joseph P. Farrell
April 17, 2016

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 committed some deep financial “improprieties”:

http://www.washingtonsblog.com/2016/04/goldman-wells-fargo-finally-admit-committed-fraud.html/embed?wmode=transparent#?secret=QvHlq3S2Nw

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.

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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:

Continue Reading at: GizaDeathStar.com

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Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.