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What Exactly Did Obama Say To Wall Street's CEOs Last Thursday?
Correlation is not causation; but coincidence means you're on the right path. Looking at the charts of Stocks, Commodities, and Precious Metals, we wonder just what it was that President Obama said at his 11am ET White House meeting last Thursday...
Equity markets soared out of the gate on the 11th. Jobless claims beat expectations handily (shaking off the previous week's concerns) and all was well in the world... until just after 11am ET (when the CEOs of Wall Street's big banks - for no apparent reason - met with President Obama)... and this happened...
Gold also peaked at just after 11am ET...
as did Crude oil...
So what did Obama tell them?
Charts: Bloomberg
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there is already massive physical gold buying taking place right now. take down stocks and a PD and what happens next would be unimaginable.
Yes, but consider the poster on page one along with EKMs theory. If supply chains are already broken due to crude at 90 plus for last 2 years, and the phys metals are low in availability where can peoe even go? No new supply of phys with broken supply chains (do chen mentioned rumors some mines are.already closing), going to energy plays just drives up costs which further crushes.real economic activity, and all other assests are overvalued. Perfect time for.the mother of all deflations, followed.by.epic.printing.to destroy existing currency(ies) and go back.to a phys standard when therr is no phys to be had. The doors may be locked indeed.
Hussein Obama just met with Saudi Foreign Minister. Was not on public schedule...
I don't think he told them anything .... I think it was the other way around.
How big was the Payment???
Payment? He gets to play messiah, and golf in Hawaii with Moochelle and kids and entourage in tow, and a no camera golfing fantasy trip in Florida with Tiger, and millions when he retires writing his memoir "My Struggle".
pre-emptive TARP2 meeting?
BO: how much you guys gonna need?
Wall St: $8 trillion
BO: i pick martial law instead.
That would theoretically be cheaper than possiibly doubling the national debt.
And I don't think there is any country, countries, or private institutions that are willing to take on that much more US debt.
Nevermind... there's always the Fed.
I'll be announcing the following executive orders after tax day...
Order 6102
caption:
From each according to his abilities, to each according to his needs. And it looks like you fools made me the one who decides. So time to pony up, fellas. My wife needs a vacation. She'll be stopping off at your branch offices in the Carribean to make an "adjustment". You know what she always says, someone is going to have to give up a piece of their pie so that someone else can have more. Yup! And we in need cause dis boat goin down muthafuka.
-- Barry O
pie......
"I wear mommy jeans"
he bent over and took his orders like the rest of us
"You guys can take their money, just leave me their votes"
you mean what did they say to obama, not the other way. they kill presidents if they opose, not take order from them.
We ran out of ink.
Gold, Bombs, Explosions... When the going gets tough, the tough get going. Cue Juncker - “When it becomes serious, you have to lie."
Obama demanded $1B in cash, had to sell to raise it.
There was "not one dime" involved...
They should install a TP dispenser to his cheek to handle the amount of shit that comes from his mouth.
"I gotta say...that Zero Hedge is some good shit!"
boys, once they're disarmed we can plant our boots in their faces, herd them into the cattle cars and enjoy our complete domination of a less over populated world. registration. confiscaton. extermination. champagne for us boyz, and platform shoes for shorty bloomberg, a new face for feinfrankenstein
Obama: (Putting his hands on Llyod's and Jamie's shoulders) Do you boys like gladiator movies? I bet you do. Let me show you something...
+1
You ever been in a cockpit before?
....
You ever seen a grown man naked?
https://www.youtube.com/watch?v=n2A194yTWoQ
He said "uhh, umm, uh, (frowny face) uhhhhh"
This has been my belief, all this crazy shit started happening after that meeting. I think the coordinated take down of U.S.A. inc. has been set.
Doc it's either going to come from Europe or it's going to be an insurer like we have been saying. Someone looks like they are about to be sacrificed I just can't believe it is a tbtf.
This is a game of consolidation.........
I agree. I always thought it would be an insurance company, but Europe sure seems to be spiraling down the toilet bowl quick. I've also been thinking about Obummer's recent "defeat". Narcissists don't take to losing very well, and that's his first major loss. I don't think he is the forgiving type. There is no telling how much pain he is willing to inflict for retribution.
Bloomberg makes obummer look happy about this defeat. He was screaming today that anyone in favor of this defeat is in favor of people getting killed. what is that saying "hell have no fury like a midget retard scorned"?
Debbie Wasserman-Schultz is collecting 200k votes for Background Checks. As I I told you earlier today.
They can start those checks on those morons who signed the petition, since they're voluntarily giving up their freedoms.
Agreed Dr. Engali,
I believe teh meeting was to coordinate. The Bankers told O that they were ready to cascade the economy. O told them he had his munitions and thugs ready to protect their ass should things go south like. They agreed time for mayhem has arrived... the time to instill fear and dread is here... both parties want the people afraid and panicing so they don't focus, can't think, lose sight of the real shenanigans. The Banker overthrow of Sovereignty is on, and Martial Law is near. We likely have till June as the momentum is ramped.
Most likely that QE in its current form is indeed coming to an end soon.
crash, soar, nobody except a bunch of assholes gives a shit anymore
Tin foil hats for sell. Get'em while they last.
I'll take 5 please.
He told them that "Moochelle was actually a man and he could no longer hide it from the American people."
Panic selling ensued.
They told him, "We're taking down precious metals to save our bacon from the derivatives that will destroy the entire system if they come due. You let us do this and keep your trap shut and we'll do what we can about crude oil and other commodities, too.
This might fester in the minds of malcontents out there, so we'll need you to arrange some distractions and keep the PPT on the market, we'll handle our press people."
And he said, "Yassuh, yassuh boss. Can I go play some golf?"
Or something like that.
God how I love the comment section. Such comic relief.
"Missah Dimon Sir? You hab 'nuff cufflinks sir? I gots more 'dem special ones I dun give you lass time."
No, it's what did the Wall St execs tell Obama.
I tried to tell ya....
"Now Jaime, come Monday I want the good shit -- don't pass off any of that tungsten crap on me!"
Not running again, so you better start!
No more soup for you
Look mutherfuckers ya'll told me to make the "buy" call in March of 09 well I made the call, you bunch of assholes did not tell me to buy, now I want in and I want in cheap got it.
"We will set up another bailout fund, so we got your back. I know, I know...You are ALL in trouble. That's ok, just we keep this thing moving, I want the credit still flowing to cards and car loans. And yes, student loans too. Like I said, we got your back."
Obama.
"But who has your back?"
Wall Street
Obama leans to economic advisor on his left, looks at the Wall Street cronies
"Nobody"
Wall Street cronies look at each other nervously, they don't reply.
You didn't build this
Now eat your peas!
That really is one hell of a "coincidence".
Obama told them that Israel has definitively set an attack date in Iran.
OR
the Banksters told him that information.
invading iran will be a dagger in the US economy's heart- oil at $150 a barrel and it will be game over. Israel is fucked and they know it- no way O is going to back Bibi.
you're missing the point. The day Israel attacks the Dow will drop 500 points, at least. The big boys got advanced notice or gave it for obvious reasons.
the economy in general cannot take that kind of a shock.
SPR is bursting with oil. As soon as oil spikes, Obama will release the SPR oil.
Reagan did it with Libya in 1988. Nothing new.
Price collapse in 72 hours.
Yeah right to get that info he needs to meet with 20 people and write about the meeting in the newspapers.
That is utter nonsense. Even if that was true, the US would get that info through diplomatic channels and notify the bankers without attracting this kind of attention.
Then again, what is it the banksters told Obama?
Man, the shit I start....
He told them that if the market keeps going like this the breakout to new highs won't look convincing. Let it drop and blast it higher later. Hell if you think there was any talk about bringing the market down long term you're absolutely nuts. The plan is for the market to go higher. That is what these scoundrels want. That is what they'll get. They just got the best gameplan for it and now they're executing. Execution is the most difficult part, however.
"Look guys, I got the FOMC minutes released early for you, what next?"
Was there any Banker at the meeting that has not made 100 Million since Obama took office?....
That's what I thought, he told them to send the cash Bitchez.
Thanks, Obama!
Easy answer, quite easy. Same thing as when Bush was told in 2008 that the economy is going through a OIL SHOCK and it can stop literally functioning at no notice.
The solution of that meeting, I can speculate, would be the same as the conclusion of Bush meetings, which was to throw a vote as to which primary dealers is going to collapse, something like the Weakest Link show.
Since JPM and GS are untouchable, the rest voted out Bear Stearns and Lehman.
Who did they vote out this time?
Crude oil at above $90 for almost 2 years already, have already caused a slow but massive shock.
My expectation is a $10-20 ORCHESTRATED crude oil drop in one day, same as with gold, very, very soon.
gold backfired on them ekm. it caused a buying frenzy. knock it down further while taking down a financial institution and comex is gone.
It was testing, tune up.
Gold can have a buying frenzy, but how can you buy physical crude oil?
OOOOps, they are actually are, which is leading to an economic disaster.
Comex is no biggie. NYSE bankrupted also. Nobody noticed. ICE bought them up.
When the reall margin calls start, 85b/month would be absolutely nothing.
I agree with Fonz. The buying frenzy in gold goes to show people want to put the trillions on the sidelines into tangible assets. They know the gig is up; they're just waiting for the right opportunity.
As I said, one can store gold and keep it from the market for a long time.
One cannot do that with crude oil. The economy dies.
They (primary dealers ) have done exactly that. The gold buying frenzy you saw, has been happening in crude it's been 2 years.
Gold collapse triggered all leveraged hands. It showed how it's done.
However, who is leveraged with crude oil? Answer: Big guys
Who was leveraged with gold? I do not know that, but it's obvious, not the big guys, but only weak hands.
Who are the weak hands to be shaken out from oil?
I'm a housefly by day and I was there. He said, and I quote, "We're going to bomb the hell out of Iran in May or June. We are pushing down PMs and oil now in preparation for the run up post bombing. Also, as you know, stocks will get hammered so you better lock in those parts of your bonuses that are stock based now."
Then they sang "Amerika Over All" and adjourned. hujel
He said CISPA - we got it!
"You guys think I should short AAPL?"
It was probably at the afterparty, to which Obama was not invited, where the real agreements were made.
Europe, China, and Iran.
OT
SUNIL TRIPATHI missing since late March and Brown University student depressed and leaves phone/ID. Is he the bomber?
http://abcnews.go.com/US/sunil-tripathi-surveillance-footage-shows-missi...
ah um and ah um and at this point what difference does it make?
Maybe he told them there is intelligence that domestic elements were formulating a tax revolt and it was time to take some of it off the table and move it to safer climes.
Or not.
double post, sorry
"double post, sorry"
Why would Obama say that?
Is that a secret Pastafarian code?
"guys, since I'm doing such a great job, I'm thinking about running for the third term"
Dictators don't run for 3rd terms.
The Public won’t tolerate any more QE. More money is needed to keep the Ponzi going. Where is there enough money to keep things up for a while longer? Everyone's retirement accounts. Translated...your 401K. What's the best way to get at it? Create a crisis, so you can come in and fix it! Crash the market. Scare the shit out of people. Then, offer to make people's retirement accounts whole only if they buy U.S. Treasuries.
Don't worry, more debt is coming.
Reinhart/Rogoff had some errors in their study and Krugman is all over this:
http://krugman.blogs.nytimes.com/2013/04/17/further-further-thoughts-on-...
I think you hit the mark!
It's not what did Obama tell Wall Street, it's what did Wall Street tell Obama.
Have you people learned nothing?
Not this time. They wouldn't synch their schedules for that exercise, but have one of his GS staffers pass him the message.
No, this was in his CIC role. Plan accordingly: May/June. No full moon needed.
Niggas take it all down and if doesn't scare them , we bomb them in Boston.
Shots fired at MIT.
Possible hispanic in a cowboy hat. I heard there's an officer down?
If I actually thought he said that shit is getting real and sorry some of you have to take the hit ... nah.
More like he said time to run and hide:
https://www.youtube.com/watch?v=iFzTBPy7nl8
oh gosh he sold us down the river, boy am i surprised
Gunfire at MIT!
Officer shot down, gun missing, lots of hubbub.
https://pbs.twimg.com/media/BILxnGnCMAEFFu9.png:large
What a week we're having, folks. The mayhem index is going parabolic.
https://pbs.twimg.com/media/BILxkW6CMAATztr.png:large
99 to 1 the terrorists were Middle Eastern graduate students.
source on pic, real?
https://twitter.com/JoeXu/status/325086354176364545/photo/1
FDR Gold confiscation redux?
Silver goes to the fucking moon if that happens.
Silver goes to the fucking moon if that happens.
Maybe the timer started when they released H7N9 in China. The global takedown has to be coordinated. They clever ones have to flee and elitists have to be trapped in their bunkers.
OBAMA SAID....COUPLE OF BIG..REAL BIG EVENTS COMING UP...EUROPE,,IRAN...POSSIBLE NORTH KOREA.....WE ARE NOT GOING TTO SAVE ANY BANKS THIS TIME...NONE NOT ONE...SO WHEN YOU LEAVE HERE SELL SOME ASSETS...BUILD UP SOME RESERVES..PUT ON SOME HEDGES, BUY SOME CDS TO CAPITALIZE ON THESE EVENTS...JUST DO NOT FAIL...YOU HAVE BEEN WARNED
Free Jon Corzine!!
Hahahahaha, that's rich. More like... we need some panic, time to earn that $85bil/mo.
Insider/Outsider in/out trading!
And here we go again... reports of gunfire on the campus of MIT.
http://emergency.mit.net/emergency/
Remain calm. This is a gun free zone. Follow DHS instructions and grab some scissors and hide under desk.
https://twitter.com/search?q=mit&src=typd
SO MIT is a gun free zone, but it still allowes unregistered pressure cookers, sissors, and hammers.
President at a University I worked at thought that passing a rule that concealed carry permit holders could not bring a gun on campus, and that no one was allowed to have a gun on campus, would make him and everyone else safer.
This is the kind of stupidity we are dealing with. Idealogues who think that people of evil intent, or the insane, follow laws and rules.
Otherwise intelligent people who truly believe that words protect them from the actions of criminals and the mentally ill.
Just like a PhD to bring scissors to a gunfight,
Bank CEO's weren't the only ones at that meeting. Insurers were there too. I'm trying to find the list of heads of companies I saw earlier. This isn't about just banksters....it's about the system. Same same I guess, but I thought it an important note. Anyone seen the full list?
Lloyd Blankfein, Chairman and CEO Goldman Sachs • Jacques Brand, CEO Deutsche Bank Americas • Michael Corbat, Chief Executive Officer Citigroup • Jamie Dimon, Chairman, CEO and President J.P. Morgan Chase • Sergio Ermotti, CEO UBS • James Gorman, Chairman and CEO Morgan Stanley • Gerald Hassell, Chairman and CEO Bank of New York Mellon Corpo ration • Jay Hooley, Chairman, President and CEO State Street Corpo ration • Abby Johnson, President, Fidelity Financial Services, Fidelity Investments • Steve Kandarian, Chairman of the Board, President and CEO Metlife • Brian Moynihan, President and CEO Bank of America Merrill Lynch • John Strangfeld, CEO, Prudential • John Stumpf, Chairman, President and CEO Wells Fargo • Jim Weddle, Managing Partner, Edward Jones • Bob Benmosche, President and CEO American International Group
source WSJ
Why UBS? He's probably making the U.S. banks transfer a portion of their wealth to his UBS off-shore account.
Deutsche Bank and UBS are primary bullion banks.
Hey Charlie Ford was'nt on the list ?
http://www.bloomberg.com/news/2013-04-10/obama-is-said-to-plan-meeting-with-dimon-moynihan-this-week.html
President Barack Obama is meeting today with 15 heads of the world’s biggest banks, including Goldman Sachs Group Inc. (GS)’s Lloyd C. Blankfein and JPMorgan Chase & Co. (JPM)’s Jamie Dimon, White House officials said.
The state of the U.S. economy will be among the topics for the discussion, which will also include Bank of America Corp. (BAC)’s Brian T. Moynihan, Citigroup Inc. (C)’s Michael Corbat, American International Group Inc. (AIG)’s Robert Benmosche and Wells Fargo & Co. (WFC)’s John Stumpf, according to an administration official, who requested anonymity because the meeting is private.
Other members of the forum scheduled to attend are Morgan Stanley (MS)’s James Gorman, Deutsche Bank AG (DBK)’s Jacques Brand, UBS AG (UBSN)’s Sergio Ermotti, Bank of New York Mellon Corp. (BK)’s Gerald Hassell, State Street Corp. (STT)’s Jay Hooley, Abigail Johnson, president of Fidelity Investments, Metlife Inc. (MET)’s Steve Kandarian, Prudential Financial Inc. (PRU)’s John Strangfeld and James Weddle of Edward Jones & Co.
He's asking bankers about the state of the economy? Bankers don't know shit about real stuff. Bankers however know all about debt. He's asking them about the state of the debt.
Perhaps this is the problem.
Cancel, already posted.
Party over at the Gox's tonight BitCoin High:$119.99000
What party over? The price is virtually unchanged - $115 now, for BTC that is considered stable.
It all started with the Bank of England in 1694; they can learn a lot in 319 years...
he said....
Obama: We're at war, just don't tell anyone yet. Lock and Load (in other words, liquidate your positions).
watch?v=Ml3RDE2dlJ8
And then he comes to a cathedral to preach about values. Truly pitiable. No legitimacy, the Republic handed over to gangsters.
His ethic, which was also clearly stated in the State of the Union: Hope the person next to you helps you, because that's the only thing left.
conjunction junction
lah lah lah
http://www.youtube.com/watch?v=dDwXHTcodNg
Saw a brief story today about all the big banks. It was being pointed out how they all had HUGE capital reserves even in excess of the coming Basel III requirements. Theses are the same banks that usually love to be levered 30 to 1 and use midnight Repo to meet capital requiremts for just a few moments at midnight to be in compliance.
So why are they suddenly so conservative? Perhaps Obama gave thema heads up that some "political decisions" have been made. My guess is that its about a Euro member that's about to be given the boot. The Gold selloff was a pre-emptive attack to push the price down before its taken much higher on central bank fear trades.
"So what did Obama tell them?"
OK, which one of you SOBs is hiding a "whale" in your pants?
Jamie Dimon told the prez that he already passed his whale....
Obama told them there is nothing between them and govt pitchforks.
he say japan is out of control and we need to create a desperate situation so we can devalue too
cheif scott I need more power now!
I'm givin ya all she's got captain
Maybe they are bringing back the Glass-Steagall Act. Sell now, or we will sell when we take over our trading desks. Jamie, get off your knees. I told you you can't blow me until I'm done banging Loyd in the ass!
http://www.farmersalmanac.com/full-moon-dates-and-times/
April 25
May 25
June 23
July 22
Or he told them it's time to end QE. LOL.....
RE full moons ... OH SHIT !!!
the April 25 & May 25 ones are lunar eclipses, the latter being considered "rare" (as posted above)
ABC: Major magnitude 7.2 quake strikes off northern Japan.
http://enenews.com/abc-major-magnitude-7-2-quake-strikes-off-northern-japan
Tyler, ever since I sent you that group photo of those really great people, I've been saying: "Something wicked this way comes."
Talks about the (then) upcoming meeting and its tenor have been circulating for two weeks prior.
I'm hedging accordingly. One to beam up.
You can only lie,cheat and steal so much before the lies become bigger lies, you have cheated everyone but your mother, and you have stolen so much people are starting to see it. All I got to say is Ben Bernanke better leave now while he has some kind of chance, otherwise he will be the fall guy... And yes there will be some fall guys next time around and yes it will mean shit to most of us here but the sheep will talk about O'l Ben at the watercooler and feel better about the 50+% loss in their savings...
He can no longer prop up COMEX and LBMA....
And God and his merry band of Angels can't help...
This is what Obama told them:
1. Israel will attack Iran
2. We will support Israel
3. Russia will support Iran
4. We expect that North Korea will use the distraction to attack South Korea
5. We have intelligence that a major attack 8s about to occur in US soil but we dont know where or when
6. The virus on the loose in China is one of our bioweapons and 5he worst part is that we dont have a clue how it got there. Obviously 5hey wccidentally let it out. We have not enough vaccines for to stop its spread.
7. And dont worry but we have inside intelligence that Spain and Italy are going to need an emergency bailout.
8. F8nally Germany wants to audit their Gold so we need it back from whoever has physical posetion right now
You win this thread.
9. And for some reason over half of the people don't like me and I think they plan to destroy every piece of infrastructure left standing....dang
Insider Trading?
To rephrase Winsotn Churchill ... Never in the annuls of human history have so many owed their future to the lies of so few. .... TPTB are more like a loose association of international self interested liars skilled in controlling concentrated power and remaining invisible and escaping untouched. I suspect that the general public is seen by TPTB as cattle to be controlled and harvested by the control of fiat, banks, debt, bought politicians, and bought news media.
I can not believe this half black is not impeached yet.