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  • stockexpertpro stockexpertpro Aug 22, 2013 11:29 AM Flag

    President Obama Has Special Closed Door Meeting With Fed and other top economic officials

     

    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."

    So why did Obama gather all of the top financial officials for a secret closed door meeting?

    John Embry told King World News that he thinks it is because the administration is deeply alarmed about what is happening in the financial markets...

    I firmly believe the reason the President has called this meeting today is because if interest rates in the U.S. continue to rise, it could really unleash something disastrous. We are talking here about the possibility of a meltdown. It’s interesting that the President would call in that many big hitters, the head of every significant financial agency in the United States, as well as the Fed and the Comptroller of the Currency, etc -- this is a very large meeting today.

    I’ve always believed that the global financial crisis of 2008 was just the opener. We have now bought the better part of 5 years now through unlimited money creation. But as we head into this next massive, and what I believe will be a larger round of destabilization, I want KWN readers around the world to understand that the central planners don’t have the same weapons to fight this global financial crisis. This is why I believe they are desperately attempting right now, today in this meeting, to stave off this crisis.

    Sentiment: Strong Sell

    This topic is deleted.
 
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