IMF to investigate US banking system

[Pugsley]

USDollar on Edge

For some reason, this story escaped the intrepid lapdog US press network system.

The Intl Monetary Fund has decided to conduct an investigation into the financial management of the US banking system! This is totally unprecedented. The German journal Der Spiegel wrote that the IMF had informed US Federal Reserve chairman Ben Bernanke of its plans for a general examination of the US financial system. The IMF board of directors has ruled that a so-called Financial Sector Assessment Program is to be carried out in the United States. This, according to the German journal, "is nothing less than an X-ray of the entire US financial system No Fed chief in US history has been forced to submit to the kind of humiliation that Ben Bernanke is facing." We would live in a different world if all financial network news was from public funded commentators. My view is that some sort of powerful steps are being taken to perhaps wrest control of the US banks away from Americans, after declaring them to be a high risk to the global financial system. In 2001, reports came out that the Bank For Intl Settlements in Basel Switzerland had declared the Soviet Union a geopolitical security risk. After large loans were called for repayment, the Soviet Union collapsed. Back then, the BIS also announced that the US banking system represented a similar financial risk to the global economy. Kinda makes me wonder if even more profound changes are coming sooner than we think.

Last week the US Federal Reserve blinked. This week they are hiding. They have no policy options left. They are backed into a corner. They can defend the USDollar and further kill both housing and credit starved commerce, or they can bow to the stock market with further stimulus to the USEconomy and invite additional grand increases to cost structures again. The USFed has suffered some rather substantial damage to its private portfolios. This is unprecedented. They are not an altruistic organization, but rather the most parasitic exploitative financial organization ever to operate on US soil, outside organized crime. Heck, they are Ruling Elite organized crime in league with the USGovt! So what are we gonna do about it???????

[Constant Pain]

Pugsley wrote:

USDollar on Edge
For some reason, this story escaped the intrepid lapdog US press network system.
The Intl Monetary Fund has decided to conduct an investigation into the financial management of the US banking system! This is totally unprecedented. The German journal Der Spiegel wrote that the IMF had informed US Federal Reserve chairman Ben Bernanke of its plans for a general examination of the US financial system. The IMF board of directors has ruled that a so-called Financial Sector Assessment Program is to be carried out in the United States. This, according to the German journal, "is nothing less than an X-ray of the entire US financial system No Fed chief in US history has been forced to submit to the kind of humiliation that Ben Bernanke is facing." We would live in a different world if all financial network news was from public funded commentators. My view is that some sort of powerful steps are being taken to perhaps wrest control of the US banks away from Americans, after declaring them to be a high risk to the global financial system. In 2001, reports came out that the Bank For Intl Settlements in Basel Switzerland had declared the Soviet Union a geopolitical security risk. After large loans were called for repayment, the Soviet Union collapsed. Back then, the BIS also announced that the US banking system represented a similar financial risk to the global economy. Kinda makes me wonder if even more profound changes are coming sooner than we think.
Last week the US Federal Reserve blinked. This week they are hiding. They have no policy options left. They are backed into a corner. They can defend the USDollar and further kill both housing and credit starved commerce, or they can bow to the stock market with further stimulus to the USEconomy and invite additional grand increases to cost structures again. The USFed has suffered some rather substantial damage to its private portfolios. This is unprecedented. They are not an altruistic organization, but rather the most parasitic exploitative financial organization ever to operate on US soil, outside organized crime. Heck, they are Ruling Elite organized crime in league with the USGovt! So what are we gonna do about it???????

it's all bushs fault