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What Exactly Did Obama Say To Wall Street's CEOs Last Thursday?

Submitted by Tyler Durden on 04/18/2013 22:06 -0400

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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Fri, 04/19/2013 - 01:08 | 3470039 A. Buttle

Bammy didn't say anything: his mouth was full the whole time.

Fri, 04/19/2013 - 01:13 | 3470042 freedogger

major shit going down in Boston right now. grenades, ied's, two in custody, explosions...

Fri, 04/19/2013 - 01:46 | 3470095 IridiumRebel

I just looked all over and found nada. One cop shot and killed by having his gun taken away by the perp.

Fri, 04/19/2013 - 01:49 | 3470099 freedogger

Live feed

http://boston.cbslocal.com/live-video/

Been listening to Boston police scanner as well.

Fri, 04/19/2013 - 01:57 | 3470110 IridiumRebel

Grenades tho?

Fri, 04/19/2013 - 02:03 | 3470117 freedogger

That's what a cop said over the radio. A citizen played video on the live feed a few minutes ago. Sounded like explosions and plenty of gunfire durring the thick of it. Cops going door to door now clearing houses. Have a couple of perimeters setup.

Fri, 04/19/2013 - 02:09 | 3470120 IridiumRebel

Explosions confirmed. One perp caught the other at large and they are about to start going house to house. Major gun fight too. One cop deceased.

Fri, 04/19/2013 - 02:18 | 3470128 freedogger

Yeah only one perp caught. Was originally over the air as two middle eastern men car jacking mercedes suv at a gas station, then police chase with shots fired at police.

Stolen state police suv was mentioned for a while too.

Was chatter about shots at children's hospital but then within a minute or so, was cleared up as not having happened.

Not related to MIT shooting imo.

Fri, 04/19/2013 - 02:22 | 3470138 IridiumRebel

WOW. I'll never doubt you again.

Fri, 04/19/2013 - 02:36 | 3470140 freedogger

Good twitter feed from a guy right in the middle of it:

https://twitter.com/akitz

The dude's computer chair with a bullet through it and a hole in the wall behind it. Lucky he wasn't surfin the net at the time:

https://pbs.twimg.com/media/BIMaYJICcAA_SWv.jpg:large

Fri, 04/19/2013 - 02:40 | 3470161 freedogger

Different news places are reporting 1 suspect as dead, and another reporting that same suspect as in custody.

Fri, 04/19/2013 - 02:42 | 3470164 freedogger

NBC is showing a cat screaming NO! while being put into a tub...

Fri, 04/19/2013 - 05:24 | 3470303 ClumsyBoatman

LMAO

Fri, 04/19/2013 - 01:13 | 3470046 Bear

Blah, blah, blah, blah, blah, blah, blah, blah, blah,blah, blah, blah

Fri, 04/19/2013 - 01:14 | 3470048 alentia

He told him that Ben mastered printing Gold and Silver from thin air.

Obama shown him few newly printed gold bricks and asked to spread the news around, even gave him one to show around at Walls Street.

Fri, 04/19/2013 - 01:24 | 3470060 sharky2003

I think it has something to do with Syria.

Secretary of State John Kerry will be making his 3rd visit to Turkey in the last 2 months this upcoming weekend to attend the "Friends of Syria" meeting. Strangely enough, when you search for articles about this upcoming meeting, you get NO news articles from the US. Is there a US media blackout about this? All the articles are from China or India. I did find a UK Yahoo article about it here: http://uk.news.yahoo.com/kerry-warns-syria-break-191309238.html#1TbeO7n It's a bit weird that Kerry is quoted as saying they will be discussing what a post-Assad Syria will look like.

So..Kerry's 3rd visit to Turkey in 2 months. Combine that with the troop movements to Jordan, some of which are "planners" per Hagel. Don't forget Obama visited Jordan last month, and will host leaders from several more ME countries, including Turkey on May 16th in the upcoming month...... And don't forget the smackdown on gold/silver/oil. The dots are connecting well here. I think something is going down there shortly.

Another good article http://news.yahoo.com/hagel-us-sending-army-planners-jordan-181554909--politics.html

Fri, 04/19/2013 - 01:28 | 3470073 Debugas

he said "No more free money for you"

Fri, 04/19/2013 - 01:38 | 3470082 ebworthen

Via Jesse's Cafe Americain, Professor Jeff Sachs speaking to a meeting at the Federal Reserve Bank of Philadelphia, with regard to Hank Paulson, Goldman Sachs, and their ilk:

"I believe we have a crisis of values that is extremely deep, because the regulations and the legal structure need reform. But I meet a lot of these people on Wall Street on a regular basis right now. I'm going to put it very bluntly. I regard the moral environment as pathological. And I'm talking about the human interactions that I have. I've not seen anything like this, not felt it so palpably.

These people are out to make billions of dollars and nothing should stop them from that. They have no responsibility to pay taxes, they have no responsibility to their clients, they have no responsibility to people... counterparties in transactions. They are tough, greedy, aggressive, and feel absolutely out of control, in a quite literal sense. And they have gamed the system to a remarkable extent and they have a docile president, a docile White House and a docile regulatory system that absolutely can't find its voice. It's terrified of these companies.

If you look at the campaign contributions, which I happened to do yesterday for another purpose, the financial markets are the number one campaign contributors in the U.S. system now. We have a corrupt politics to the core, I'm afraid to say... both parties are up to their necks in this.

... But what it's led to is this sense of impunity that is really stunning and you feel it on the individual level right now. And it's very very unhealthy, I have waited for four years... five years now to see one figure on Wall Street speak in a moral language. And I've have not seen it once. And that is shocking to me. And if they won't, I've waited for a judge, for our president, for somebody, and it hasn't happened. And by the way it's not gonna happen any time soon, it seems."

Source: http://jessescrossroadscafe.blogspot.com/2013/04/jeff-sachs-pathological-environment-on.html (link opens in new window)

Fri, 04/19/2013 - 02:30 | 3470144 Debugas

to put it short - money junkies

Fri, 04/19/2013 - 02:37 | 3470156 Cathartes Aura

Jeffrey "Shock Doctrine" Sachs, eh?

Sachs is known for his work as an economic adviser to governments in Latin America, Eastern Europe, and the former Soviet Union. A trained macroeconomist, he advised a number of national governments in the transition from communism to market economies.

In 1985, Bolivia was undergoing hyperinflation and was unable to pay back its debt to the International Monetary Fund (IMF). Sachs, an economic adviser to the Bolivian government at the time, drew up an extensive plan, later known as shock therapy, to cut inflation drastically by liberalizing the Bolivian market, ending government subsidies, eliminating import quotas, and linking the Bolivian economy to the US dollar. After Sachs's plan was implemented, inflation fell from 11,750% to 15% per year from 1985 to 1987.^[6]

a bit of research on his global agenda, and who he works for, etc. says perhaps he's been told to speak up/out just about now. . .

*spits*

Fri, 04/19/2013 - 05:26 | 3470288 Supernova Born

+1 for a response arguably related to the question posed.

Moral hazard is a MYTH for TBTF banksters.

Fri, 04/19/2013 - 01:37 | 3470085 Frastric

Obama: I've had an idea, why not the government itself print the currency so that we no longer need the Federal Reserve?

Banksters CEOs: Yes Mr President, it is an excellant idea...

Cue a few weeks later when Obama is assassinated JFK style.

Fri, 04/19/2013 - 01:48 | 3470097 DarthVaderMentor

He regretfully informed the bankers that he cannot successfully carry out the expected promised coup d'etat they wanted and repress the sheeple with political dissent genocide and destroy the First Amendment because he has failed to eliminate that barrier our founding fathers put up to protect the people from a popular fascist dictator called the SECOND AMENDMENT.....

Fri, 04/19/2013 - 02:39 | 3470160 Bear

As far as I can see the Coup is already a fait d'complait

Fri, 04/19/2013 - 01:55 | 3470107 q99x2

Argentina finds a safe haven. Thar she blows BitCoin Last price:$121.55000

Fri, 04/19/2013 - 01:55 | 3470109 e-recep

gold is moving up : $1413 at the moment.

Fri, 04/19/2013 - 02:16 | 3470130 Supernova Born

I think he was pissed yesterday at the White House in part because gold was moving up despite the carpet bombing.

Now at $1421.

Fri, 04/19/2013 - 02:48 | 3470177 Kirk2NCC1701

$800 ! See Kitco interview with pragmatic (not always bullish) gold bug:

http://www.youtube.com/watch?feature=player_detailpage&v=9UqGofE7_LU

Fri, 04/19/2013 - 04:02 | 3470250 Supernova Born

Bitviri

Fri, 04/19/2013 - 12:01 | 3472304 Kirk2NCC1701

Don't really care what price dip they pick, as I'll just buy MOAR. After all, haing max phyz is the idea, right?

/ Or am I upsetting the speculators with a $800 wish? Sorry. /s

Fri, 04/19/2013 - 02:20 | 3470134 IridiumRebel

1425 currently. No worries, the 8:00AM assfuck will place her sub 1400.

Fri, 04/19/2013 - 02:52 | 3470173 Arius

i doubt it .... i think it is an engineered suprise. it will be a nice suprise when they wake up in the morning being stuck on the other side (love to watch their facial expression when they say: F$%^ starring at the screen)... yeah well cest la vie ...you win some you lose some ... they did quite well a few days ago, time to give some of it back.

you dont really believe Goldman will let their go with all their loot do you? They told them to short it under 1450 and some; the client made some money, so, time to give it back now.

Fri, 04/19/2013 - 02:35 | 3470151 polo007

http://www.cbc.ca/player/Shows/ID/2380466502/?sort=MostRecent

Doc Zone | Season 2012-13, Episode 25 | Apr 18, 2013 | 43:20

The Secret World of Gold

A look at the power and politics of gold. Where is the gold and who really owns it?

Fri, 04/19/2013 - 02:47 | 3470171 MxBonanza

You have to be located in Canada to be able to watch the video

Fri, 04/19/2013 - 03:05 | 3470206 Bear

I bought Maple's does that count?

Fri, 04/19/2013 - 02:44 | 3470165 observer007

Breaking News:

Reuters Publishes Obituary For George Soros

Reuters declares Soros dead, publishes obituary For George Soros.

http://homment.com/Reuters-soros

Fri, 04/19/2013 - 02:54 | 3470195 Arius

Funny things a lot of funny things are happening the last 10 days .... a warning? peut etre ... too high for us serfs to guess...

Fri, 04/19/2013 - 03:48 | 3470239 bunnyswanson

Agenda 21 - Bring Down a Country in the Guise of Saving The Planet. Inventory, assess, cordon, tax, fee. (Southern Calif Edison had to put smart meters on our homes due to Agenda 21).

http://www.scribd.com/doc/119217519/Agenda-21-Post-card

Spoken decades ago.

http://www.youtube.com/watch?v=O2N0vyT3kxw

Agenda 21 for Public Officials - 15 min (property rights)

Middle class lifestyle in 1st world nations is unsustainable, considered responsible for global climate (Amazon forest comes to mind...the lungs of the earth, raped for half a century.).

This is it.

Fri, 04/19/2013 - 02:44 | 3470166 MxBonanza

Moar pictures of the trrrists http://m.fbi.gov/#http://www.fbi.gov/news/updates-on-investigation-into-...

Boston Globe says they caught one of the madmen bombers

Fri, 04/19/2013 - 02:51 | 3470187 Cacete de Ouro

Obama didn't say anything...there is no TelePrompter in the Roosevelt Room :)

Fri, 04/19/2013 - 03:00 | 3470202 polo007

http://www.cbc.ca/player/Shows/ID/2380466502

Doc Zone | Season 2012-13, Episode 25 | Apr 18, 2013 | 43:20

The Secret World of Gold

A look at the power and politics of gold. Where is the gold and who really owns it?

Fri, 04/19/2013 - 03:39 | 3470230 wtf.gov

Suspects in the bombing of Boston Marathon case are toast. 1 is dead, killed by police second is surrounded. http://tunein.com/radio/Boston-Police-Fire-and-EMS-Scanner-s146109/

Fri, 04/19/2013 - 03:40 | 3470233 wtf.gov

http://www1.whdh.com/video/7newslive

live feed, he's heavily armed.

Fri, 04/19/2013 - 03:43 | 3470235 wtf.gov

https://www.facebook.com/video/embed?video_id=10152778880075249

shootout with suspect one.

Fri, 04/19/2013 - 03:50 | 3470245 The Heart

It is just now 4:49 am in Boston. Breaking: Bombing suspects involved in incident at MIT. One dead. One on the loose.

The story is unfolding here right as they are searching for the second suspect right now.

http://livewire.wcvb.com/Event/117th_Running_of_Boston_Marathon

Fri, 04/19/2013 - 05:17 | 3470281 Supernova Born

Obama: Inflation is the only way out of this for the both of us.

Banksters: Yeah?

Obama: Physical gold stands in our way.

Banksters: Yes, it does.

Obama: Agreed?

Banksters: Agreed.

Divined from reality and Anus McFanny's [AKA Manus Cranny] interview with Christopher Flowers shown on Bloomberg 4/19/13.

Fri, 04/19/2013 - 04:53 | 3470285 news printer

Sources: Watertown suspects are bombing suspects

http://www1.whdh.com/news/articles/local/boston/10010403717086/sources-w...

Mayhem Erupts in Boston After MIT Campus Officer Slain

http://www.bloomberg.com/news/2013-04-19/mit-police-officer-shot-prompti...

Fri, 04/19/2013 - 05:00 | 3470286 css1971

I'm completely out. You can bring it down now.

Fri, 04/19/2013 - 05:10 | 3470293 Supernova Born

All this about Boston [RIP to those who've been murdered] while the question posed relates to central bankers and Obama.

False flag indeed.

Fri, 04/19/2013 - 05:22 | 3470300 The Abstraction...

Boston: dozens of people killed or injured.

Wall Street, City of London, Tel Aviv: thousands of millions of people paupered, and will die before their time.

Fri, 04/19/2013 - 05:26 | 3470305 Peter Pan

Gold is to be hit again but not for the sake of smashing gold. Simply as a prelude to something else. Stay tuned.

Fri, 04/19/2013 - 05:58 | 3470331 PUD

What a bizarre question and offbeat connection to draw. Bad enough that gold pimping has been replacing all the solid analysis here but to infer something without even the slightest bit of evidence is borderline religious

Fri, 04/19/2013 - 07:10 | 3470494 MyBrothersKeeper

More like: "give us exactly what we want or we'll destabailize the markets"

Obama: "I can't do that...now that i'm reelected I need to actually get something done so I have a legacy"

Banksters: "This will not turn out well for you.....call us WHEN you change your mind once you realize who is in charge"

Fri, 04/19/2013 - 07:41 | 3470495 JPMorgan

A bit of fun...

What Exactly Did Obama Say To Wall Street's CEOs Last Thursday?

Carry on like you are and you guy's are going to get me shot.
Come on guy's you need to help me help you. The public are on to you. They are not buying into the bullshit anymore. They know it's a rigged game and we are stealing from them left, right and center.
Yeah this debt and unemployment problem... er any idea's yet?
Any of you fancy doing some time, I could really do with throwing one or two of you under the bus to get the public back on side.

What Exactly Did Wall Street CEOs Say To Obama Last Thursday?

Carry on like you are and we will have you shot.
You will do what your told when your told or we will make sure the system collapses and you and administration take the brunt of the fallout.
Hey look at what we found... your real birth certificate.
Here is a list of false flag operations... we will let you choose which ones to run with.
Here is a new law we want passed... all goldbug's are to be considered terrorists and are to be marched off to FEMA camps for questioning (waterboarding).

Fri, 04/19/2013 - 07:13 | 3470506 Downtoolong

Whatever it was Obama said, or however the bankers told Obama it's going to be, or whatever they all agreed to, the point is they all got to know it before the rest of us. And when those same bankers, who got the knowledge first (inside information) are allowed to get on their cell phones and initiate trading positions for their companies that will profit from the information, you've got a corrupt system which is designed to fail.

Fri, 04/19/2013 - 07:28 | 3470565 SmallerGovNow2

But, from the link to the Rueters story... "The White House had no comment."... no shit...

Fri, 04/19/2013 - 07:35 | 3470601 forwardho

All those charts remind me of when, as a child, I threw a rock into the grand canyon.

The rock hit several objects on the way down, but eventually reached the river at the bottom.

Fri, 04/19/2013 - 08:26 | 3470845 orangegeek

The Ben and Barry $3-4B per day may be winding down.

Fri, 04/19/2013 - 09:25 | 3471255 pbr streetgang

THIS COUNTRY HAS REACHED FUBAR STAGE. i"LL HAVE TO GO TO THE CREMATION OF CARE FESTIVAL THIS SUMMER

Fri, 04/19/2013 - 09:47 | 3471430 Rodders75

Possible default by COMEX or LBMA

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/15_Maguire_-_LBMA_Default_Triggered_Gold_%26_Silver_Takedown.html

Fri, 04/19/2013 - 10:07 | 3471539 smacker

What did Obama say to the CEOs?

This may sound like stating the obvious....but

We're looking for an announcement or statement from Obama that caused the S&P500 to fall, the gold price to fall, and several other commodity markets to fall (oil being one, copper being another I believe).

Suggestions:

- "we have credible evidence that the Chinese (or European) economy is about to implode."

- "we have credible evidence that NK (or any other nation) is about to start WWIII."

- "I've ordered Banana Bernanke to turn off QE & Zirp. He assures me he'll think about it."

Fri, 04/19/2013 - 12:07 | 3472348 boeing747

He said "Iran war is on the table, right after we finished Syria this summer". Ow, wait, I forgot "Regime change in Pakistan".

Fri, 04/19/2013 - 18:06 | 3474347 optimator

Even Zero Hedge can get it wrong sometimes. It's not "What Obama said to the Wall Street Bankers", It's what Did the Wall Street Bankers say to Obama.

What Exactly Did Obama Say To Wall Street's CEOs Last Thursday?

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