Reconsolidation, Recollaterization and Repatriation Continues
by Tom Heneghan, International Intelligence Expert
Sunday August 5, 2012
UNITED STATES of America - It can now be reported that the U.S. Inspector General, along with IMF (International Monetary Fund) officials, are jointly coordinating major redemption and repatriation of collateralized assets reference property rights, precious and industrial metals, along with oil and natural gas holdings (India, China, Singapore and the Philippines).
The word from the IMF is out that because of the irregularities of the LIBOR rate worldwide banks need to reconsolidate and recollateralize and not create more derivatives that would immediately be absorbed in borrowing costs and create more deflation not inflation with the banks being unable to really loan money.
A recent short term bridge loan to the government of Greece that was supplied to them by the Bank of Greece has alarmed IMF officials.
Note: The Bank of Greece's stockholders include German Deutsche Bank, the Bank of Shanghai in mainland China, along with former President George Herbert Walker Bush, former Secretary of State Colin Powell, banking giant Goldman Sachs and Bank of America, together with current New York City Mayor Michael Bloomberg (owner of Bloomberg News).
Item: At this hour, IMF President Christine Lagarde and Bundesbank CEO Jens Weidmann believe ECB (European Central Bank) President Mario Draghi exceeded the scope of his mandate.
Both Lagarde and Weidmann believe the solution to the euro crisis is reconsolidation and repatriation.
P.S. We can now also divulge that the U.S. Inspector General has begun a preliminary audit of the U.S. Federal Reserve, along with the U.S. and European banking giants the FED and the American Taxpayers helped 'bail out'.
The Inspector General is working on issuing invoices that will become assets for the U.S. Treasury, the American Taxpayers and the IMF.
P.P.S. Last Friday the rogue Federal Reserve Bank of New York (Timothy Geithner's former employer) issued customer repo's allowing banking giants Goldman Sachs and Bank of America to use their bonds as collateral to get a short term line of credit and then buy U.S. equities, weaken the U.S. dollar and create asset bubbles by buying various commodity contracts.
The question that should be of concern to financial regulators is the possibility of a connection between the customer repo's and the short term bridge loan made by the Bank of Greece to the government of Greece.
In closing, financial markets are now in a state of no man's land. The black box electronic traders controlled by the banking casinos have created an environment of increased volatility without volume.
There are rogue electronic trades that show up and then disappear, Chinese electronic hacking with no paper trail that can balance out at the end of the day.
The question is: Where is the CFTC, the SEC and the NFA who job is to police this crap.
They are too busy framing retail brokers and are now trying to put FCMs out of business on behalf of their handlers, the big banks.
It should be abundantly clear that we need a massive regulatory overhaul.