Monday 24 December 2018

Treasury secretaty Mnuchin calls CEOs of top banks for "liquidity check"

I think you might be a fool if you ignore this warning

بحث شامل حول الأزمـات المـالية مفهومهـا وأسبابهـا وأهمها ...

23 December, 2018

About 6 Hours ago, on a lazy Sunday afternoon, the weekend before Christmas Eve,  U.S. Treasury Secretary Steven Mnuchin took time off from his holiday vacation in Cabo, San Lucas, to personally telephone the CEO's of America's TOP SIX BANKS: 

Secretary Mnuchin conducted a series of calls today with the CEOs of the nations six largest banks: Brian Moynihan, Bank of America; Michael Corbat, Citi; David Solomon, Goldman Sachs; Jamie Dimon, JP Morgan Chase, James Gorman, Morgan Stanley; Tim Sloan, Wells Fargo.

The CEOs confirmed that "they have ample liquidity available for lending to consumer, business markets, and all other market operations. He also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly."

The last time that a US Treasury Secretary took it upon himself to call the CEO's of America's top banks was the night before the 2008 Banking COLLAPSE took place, setting in motion the almost complete financial collapse of the American banking system.   

Tomorrow, the Secretary will convene a call with the President's Working Group on financial markets, (I.E. PLUNGE PROTECTION TEAM) which he chairs. This includes the Board of Governors of the Federal Reserve System, the Securities and Exchange Commission, and the Commodities Futures Trading Commission. He has also invited the office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to participate as well. These key regulators will discuss coordination efforts to assure normal market operations.

"We continue to see strong economic growth in the U.S. economy with robust activity from consumers and business," stated Secretary Mnuchin and added "With the govermment shutdown, Treasury will have critical employees to maintain its core operations at Fiscal Services, IRS, and other critical functions within the department."


Now we may have a better idea why the President announced all American Troops are ordered home from Syria and Afghanistan, and why ALL BUT TWO U.S. Navy Aircraft Carriers and their Battle Groups, arrived back in their home ports December 17 -- and haven't moved since.  

Moments ago, my son and I went to the nearest ATM and took out the maximum allowable amount of cash from each of our Checking accounts.  It isn't much ($700).  I personally think YOU should do the same.  RIGHT NOW.  Go in your pajamas if you have to.  We also gassed-up our cars (while credit still works) and I am leaving home now to go to the supermarket for last-minute convenience foods.

The fact that such a telephone call even took place is terrifying, and the fact that it has now LEAKED that such telephone calls from Mnuchin to the banks took place, could have ONLY come from the bankers themselves.  Perhaps a final warning.  We ___ MAY ___ have just hours left of "normalcy."

For the government to announce they are having a Presidential Meeting with the PLUNGE PROTECTION TEAM ought to be all you need to hear to decide whether or not to get CASH MONEY TO SURVIVE ON for a month or so. 

I also hope you have spare food, water, medicine, and methods to heat your home and provide electricity if something takes down the grid.

I didn't wait; I went to the ATM minutes ago.   I think YOU should too.

If this turns out to be nothing, you can put the money back in a few days.  

This does not look like "nothing."

GUESS:  The "Deep State" will not tolerate the end of the wars in Syria/Afghanistan/Yemen (which cuts off their clandestine money and a slew of their power), or the unsealing of 60,000+ INDICTMENTS, and is smashing the US economy in a last ditch effort to keep control over everything.

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