“The Largest Injection Of Liquidity In The History Of Man In Only Two Days."
WAR OVER CONTROL OF USA AND BANKRUPTING OF YOUR OWN FINANCES
CHALLENGE & RESPONSE
Part I: The Challenge
Our Nation is in serious trouble, in many ways, from Iraq, loss of jobs, healthcare, ‘election extegrity’, lack of guts and leadership from people we elected…. and the bottom line … we are at WAR!
Yes, there is war in Iraq and Afghanistan and the “war on terrorism” but the REAL War is against US… the United States and US--We the People-- over who is going to control this Nation; whether we will be a country based on the key founding principle that people are capable of governing themselves …of Lincoln’s prayer, a government of, by and for the people…or will we be controlled by special moneyed/power interests. The democracy we thought existed is destroyed and in fact a new consortium formed of Canada, USA and Mexico. It’s in the works! Mexico for cheap labor, Canada for resources and USA will be a place for just super rich and poor…no middle class…no you or me…or our children! Two of the key weapons of mass destruction being employed are our “currency” and the undermining of our voting process.
What you are carrying in your wallet or portfolio, the value of your home and other assets took a major loss last week, possibly the greatest since the depression, yet it’s not in the news…not in major US news.
Central banks pumped into world markets 300 BILLION of Dollar liquidity. According to Jim Sinclair (http://www.jsmineset.com/) this represents “The Largest Injection Of Liquidity In The History Of Man In Only Two Days."
Jim calls it the “BIG KAHUNA!!!
“World Central Banks are admitting to a $300 billion liquidity injection, so it must be much higher. This type of injection over what has now been three days is so unprecedented that it is not because a few hedge funds have gone broke. This is a full-blown meltdown in OTC derivatives.
This is certain because of the worldwide liquidity injection by almost every major and some minor nations. That is also unprecedented.
This injection of liquidity will reverberate around the globe for years to come as inflationary and dollar damaging beyond your wildest imagination. This is so big that there has to be many financial institutions in big trouble.”
Reuters reported click here “Central banks around the globe pumped billions of dollars into banking systems on Friday in a concerted effort to beat back a widening credit crisis, and they pledged to do more if needed.
In all, central banks in Europe, Asia and North America have pumped out more than $300 billion over 48 hours in an effort to keep money flowing through the arteries of the global financial system, hoping to prevent a credit market seizure that could imperil economies.
In a rare statement of reassurance that underlined the seriousness with which it views the current bout of market stress, the U.S. Federal Reserve said it would provide cash as needed to ensure markets functioned smoothly. The statement was the first of its kind since September 11, 2001, when terror attacks brought the U.S. financial system to a virtual halt.
"Ben Bernanke must feel like the captain of the Titanic," said Sherry Cooper, chief economist at BMO Capital Markets in Toronto, referring to the Fed chairman. "He knows the ship has hit an iceberg but, through the dark and fog, can't see how bad the damage is."
The Fed conducted three separate operations on Friday, pumping a total of $38 billion into the banking system, the largest amount for any single day since September 19, 2001.”
Yup, this huge bail out calmed things…. for now…but please stop and think, just how long can this “game” go on?
As Reuters ended their report “While the central banks' concerted actions in injecting money appeared to be having some calming effect, no one thought the credit market crisis was near played out.
More subprime problems are likely to surface in coming weeks, said Moe Ibrahim, a fund manager with The Asia Debt Fund in Singapore, which manages about $365 million in assets.