Fink Trumps Rubin As Geithner's BFF

Imagine that:  the US Treasury Secretary talks to the world's largest asset manager more than anyone else in the world.  The pipeline between Wall Street and Washington DC wreaks of so much $hit, the stench couldn't get much worse.  Yet, it will.

http://www.zerohedge.com/news/2012-10-12/fink-trumps-rubin-geithners-bff

Rubin Says He Has Too Many Dollars 13 Years After Departing U.S. Treasury

When the US has adopted a "strong Dollar policy"--yet the greenback continues to erode in value over the years, the average American citizen might want to sit up and take notice.

But when the former US Treasury Secretary is dumping USDollars in his own personal portfolio, the average American citizen might want to jump up and take notice. 


http://www.bloomberg.com/news/2012-03-09/rubin-has-too-many-dollars-13-years-after-leaving-u-s-treasury.html

BOB RUBIN: "US In Terribly Dangerous Territory," Bond Market May Be Headed For "Implosion"

http://www.businessinsider.com/rubin-bond-market-implosion-2010-11

How ironic is it that former Treasury Secretary Rubin is issuing warnings of bond market implosions when he was one of the most instrumental in creating the bond market bubble in the first place, with his encouragement of levering up the economy via derivatives.

The Fed is selling paper gold and buying physical gold

And JPMorgan is the Fed's proxy bank.

http://www.financialsense.com/contributors/rob-kirby/the-federal-reserve-is-selling-paper-gold-and-buying-physical-gold

The academic research that outlines the inter-relatedness of gold and interest rates is succinctly laid out in a 2001 treatise, Gibson's Paradox Revisited, by Reg Howe. From this one can deduct that ANY rigging of the gold price must go hand-in-hand with simultaneous rigging of interest rates.

Folks would do well to realize how neatly emerging details of Fed surrogate Morgan’s ‘stealth’ activity in the bullion market dovetails with their obscene, obsequious activity elsewhere in their derivatives book – particularly their JUMBO TRILLIONS sized interest rate swap positions.

Stealth activity on the part of the Fed – utilizing proxy institutions to generate limitless artificial demand for any and all U.S. Government Debt – effectively gives the Fed control of the long end of the interest rate curve [the bond market].

From a timing perspective, it is also noteworthy that gold price rigging – long maintained by GATA – is alleged to have begun in earnest during the Clinton Administration with the appointment of Robert Rubin as U.S. Treasury Secretary [along with understudy Lawrence Summers] in Jan. 1995. Coincidentally [or perhaps not?] we can trace the genesis of the “explosion” in the use of derivatives [mostly interest rate] to that exact same time frame. In fact, if we follow the time line in ‘reverse’ – the growth in the use of derivatives appears like a trail of bread crumbs – right back to the time when Professor Lawrence Summers, under the tutelage of Sir Robert of Rubin, brought his academic alchemy to Washington:

Does anyone with a pulse really believe that ANY Bank Holding Company in the U.S. would be permitted to have a derivatives position in excess of 75 TRILLION [five times the size of U.S. GDP] if they were not ‘in bed’ with the FED????

If you except the premise that, “J.P. Morgan “is” the Fed”, then, “IT’S REALLY THE FED WHO IS BUYING GOLD” and they [unfortunately, this means “America”] likely have NONE LEFT to sell.

NOTHING could be more bullish for the price of gold going forward.

Everyone needs to get it through their heads; these criminals are NOT IN IT for profits. The survival of our “BROKEN FIAT MONEY SYSTEM” “IS” their only goal.
Conclusions:

Officialdom will never admit it and it will NEVER be reported in the mainstream financial news but our financial system has NEVER been in a more precarious state. A banking crisis of unparalleled proportions is coming – probably soon – the exact timing is still sketchy.

Got physical precious metal yet?

Strange bedfellows

Lloyd Blankfein (Goldman Sachs CEO), Jamie Dimon (JP Morgan Chase CEO), Robert Rubin (former Citi and Goldman Sachs Chairman) are all staunch Democrats, dispelling the notion that Wall Street's big banking institutions are pro-Republican.

Now we have this:

http://jewsforsarah.com/

Clinton throws Rubin and Summers under the bus

Former President Clinton finally throws Rubin and Summers under the bus for leveraging up our financial systems with toxic derivatives.

http://blogs.abcnews.com/politicalpunch/2010/04/clinton-rubin-and-summers-gave-me-wrong-advice-on-derivatives-and-i-was-wrong-to-take-it.html

Citi executives say "I'm sorry."

Sociopathic, criminal,or ignorant? None justify the bonuses.

http://www.nypost.com/p/news/business/former_citigroup_ceo_chuck_prince_Bm6LUiJxit04atIsYKyEiJ

Robert Rubin on the economy

Wow, Robert Rubin finally speaks, after stepping down from his perch at Citigroup. According to a few independent thinkers, Rubin was one of the main instigators in the cause of the financial and economic crises we find ourselves in. The former Treasury Secretary formerly headed up Goldman Sachs and Citigroup, encouraging banks to leverage up their balance sheets to increase dubious earnings via the use of derivatives, which ended up being toxic assets. We all know how that drunken party turned out.

His progeny in the ensuing bank bailouts include former Treasury Secretary Hank Paulson (also, formerly of Goldman Sachs), top Obama financial advisor Lawrence Summers, and current Treasury Secretary Tim Geithner, among other well-placed government bureaucrats and bankers.

The editorial actually gives fair warning to the approaching storm, even if it lacks any mea culpa for past misdeeds. I guess omission is a form of honesty.

http://www.newsweek.com/id/225623/page/1

First, there must be sound fiscal and monetary policies. The United States faces projected 10-year federal budget deficits that seriously threaten its bond market, exchange rate, economy, and the economic future of every American worker and family. Those risks are exacerbated by the context of those deficits: a low household-savings rate, even after recent increases; large funding requirements for federal debt maturities every year; heavy overweighting of dollar-denominated assets in foreign portfolios; worsened fiscal prospects in the decades after the current 10-year budget period; and competing claims for capital to fund deficits in other countries.

The conventional concern here is that private investment will be crowded out, which would result in a reduction of productivity, competitiveness, and growth. In addition, the very early 1990s showed that unsound fiscal conditions can have a symbolic effect that broadly undermines business and consumer confidence. But finally, and far more dangerously, our bond and currency markets could react with severe distress to fears about imbalances in the supply and demand for capital in the years ahead or about the possibilities of inflation. Those effects have been averted so far by a number of factors: large inflows of capital from abroad into Treasury securities; concerns about other major currencies; the low level of private demand for capital; and the psychological state of the market. But this cannot continue indefinitely, and change can occur with great force—and unpredictable timing.

Read Matt Taibbi's scathing article on Obama's big sellout and the pandering to big Wall Street bankers--at the expense and hoodwinking of tax payers. Robert Rubin is a central figure in the web of lies, deception, and pilfering.

http://www.rollingstone.com/politics/story/31234647/obamas_big_sellout