Nomi Prins On Geithner’s Move To Tap Pension Funds & The $4 Trillion Sitting At The Fed

(Editor’s Note:  I’m still traversing the labyrinth on a whopper of a story, but felt this news item was definitely worthy of more than just a mention considering it is a possible preamble to a news story that broke last October, and a glimmer into just how bad the moos are being screwed yet again.  See y’all soon…)


What happens when no one is buying your debt anymore, you can’t keep buying your own debt, and you need cash and collateral?

Last October, I picked up the news story about the feds holding hearings on confiscating private 401(k)s in order to more fairly redistribute the wealth. The next day, I posted an in-depth article about the people behind the plan to seize your 401(k) leading back to a progressive university and George Soros.

Enter TurboTax Tim Geithner with a proposal to ‘borrow’ from ‘federal retiree programs’ to keep the government running.  Just how bad is it when the Treasury is yet again using a special measure to keep the bloated federal government afloat?  How badly is the average corporate owned moo going to be raped on this go round? Just keeping the F.I.R.E. economy from completely crashing in 2008 cost us trillions.  There can only be two explanations for what is happening all around us.  Either the folks running our government are incredibly stupid or they are collapsing America on purpose; either way – they gotta go.

Treasury to tap pensions to help fund government

The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.

Treasury Secretary Timothy F. Geithner has warned for months that the government would soon hit the $14.3 trillion debt ceiling — a legal limit on how much it can borrow. With that limit reached Monday, Geithner is undertaking special measures in an effort to postpone the day when he will no longer have enough funds to pay all of the government’s bills.

Geithner, who has already suspended a program that helps state and local government manage their finances, will begin to borrow from retirement funds for federal workers. The measure won’t have an impact on retirees because the Treasury is legally required to reimburse the program.

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Treasury secretaries have tapped special programs to avoid default six times since 1985. The most protracted delay in raising the debt limit came in 1995 after congressional Republicans swept to power during the Clinton administration.

But today, the government needs far more money to cover its obligations than in the past, making the special measures less effective than they used to be. The government needs about $125 billion more a month than it takes in each month.

Alex Jones interviewed Nomi Prins on May 17th about how the Federal Reserve is holding America hostage.  Nomi slams Geithner and the Fed right out of the gate with the news that the Federal Reserve is sitting on $4 trillion dollars in assets, securities, and cash (liquid reserves) the banks are storing and earning interest on. If this isn’t more proof that the private banking cartel needs to be audited on it’s way to extinction, I do not know what would be.

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7 thoughts on “Nomi Prins On Geithner’s Move To Tap Pension Funds & The $4 Trillion Sitting At The Fed

  1. Do they not have enough of our money? Why don’t they kick in some out of their secrete bank accounts? So basically they are stealing more? Is there any money left?

    1. An approximate $8 trillion in retirement accounts – not counting the $14 trillion sitting offshore in banks to protect it from federal taxes. THAT is all that is left…

  2. Unfortunately Owebama and his communist cronies feel that they are justified in taxing you up to 100% of your income. Then after stealing most of the money, they will decide how much each individual actually needs and redistribute the remainder accordingly.

    Our current president is a Muslim. and a NWO communist and he is doing everything he can to steal the wealth of the America people.

    These bastards always spread a little around to begin with and then siphon off more and more for the government and the elitist within the country leaving nothing but poverty for the working class.

    Why is 40% of our population too f&$*ing stupid to see what Buttcrack Owebama is all about, they don’t realize that they soon will join the ranks of the impoverished and down trodden at the hands of their communist, Muslim masters Buttcrack and Heshell.

    The retirement plans of every American are in danger of being seized by the Owebama controlled government, even gold is not a safe bet as that can be seized all well.

    We have two choices, get the illegal president Owebama out of office, or leave the country as soon as possible, before they make a move against the pension plans.

    Only in American would the people be stupid enough to elect a president who is a combination of our two greatest enemies, Islam and NWO Communism.

    Enough said!

  3. (Editor’s Note: The RedLemur is so far over the top with this comment that I was forced to edit it so as to not totally offend the rest of my readers. The RL is totally crimson over the financial rape of the moos and the betrayal of Israel by Obama.)

    roll me over…….in the clover…….roll me over …….in the clover…… do it again!
    Just a note, (….edited….)
    I also like to chose who (…edited….)me! And… at the risk of being a pain in the ass would it be too much to ask for a kiss first?
    p.s. for gods sake give ronald a break, me I’m eating bacon and only bacon from now on ! and drink the grease from a rusty can you social engineering bastards!mooooooooo!
    ok ive lost it!
    please be advised this is not meant to offend any of my jewish brothers,o-fuckhead has taken care of that!

  4. WTF, our worthless, lying, Muslim, communist, POS president has recognized another worthless bunch of Muslim terrorist, thrown Israel under the bus and pledged billions of dollars of our hard earned tax money to the to help the Muslim brotherhood stabilize Egypt, and several other worthless Muslim countries.

    What the f^%k else does this radical communist, Muslim bastard have to do before America gets the message. He hates Israel, he hates a America, he is a radical f&^king Muslim and a hard line communist.

    He and his NWO commie buddies have allied themselves with the Muslims and their goal is to control the world.

    Wake the f&^K up America, prepare yourselves for the worst, you are either going to bow to your communist Muslim masters or be dead, the time to choose is coming!

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