Robert Willmann, Jr. emails:
This past Monday, 19 August, president Obama had a closed-door meeting with the heads of the Federal Reserve Bank, the Consumer Financial Protection Bureau, the Federal Housing Finance Agency, the Commodity Futures Trading Commission, the Federal Deposit Insurance
Corporation, the National Credit Union Administration, the Securities and Exchange Commission, and the Comptroller of the Currency.
https://twitter.com/markknoller/statuses/369265687207755776
http://www.whitehouse.gov/schedule/complete/2013-08-19
This curious meeting, a rarity with the chiefs of all the financial agencies plus the Not-Federal Reserve Bank, means that either there is significant deterioration of the financial "system" and the economy, or he wanted to advise them of possible military escalation in Syria and the
Middle East and ask them about the economic impact of such military action, or both.
If Obama asked them if military action against Syria would trash the economy, they certainly answered "no", because two days later came the so-called "gas attack", to further
lay the groundwork for military escalation.
Yeah, increased deficit is what everyone would just love, especially the Fed to ease the risk of Fed becoming bigger and bigger portion of the treasury market.
ReplyDeletemaybe it is time to GET YOUR MONEY OUT OF THE BANKING SYSTEM!!!-and credit unions
ReplyDeletewhat money?
ReplyDelete