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.