and starts USA financial black hole. Today was the beggining of the end for the USA world dollar regime.
The PPT came in after the London physical market closed to dress up the markets by selling gold and running the dollar on the horrible ‘nationalization’, aka ‘conservatorship’ move Paulson made of FNH and FRE. Silver went below 12 and gold below 800 for a short period of time on intervention.
Looks like a bottom in shares and gold and a sharp reversal is at hand. The general equity market was run, despite no one knowing the liability or the plan for FRE and FNH. The PPT wanted to show it was ’stronger’ than the markets. Let us see how I do as market caller and say today was the bottom in the hui tyes of equity. I was buying HUI equity today, so I certainly hope so.
The timing of the ‘move’ to take control of FNH and FRE appeared to be at the zenith of the CB dollar rally and nadir of the commodity bottom. Look for a lot of lawsuits over this communist move by Paulson from both preferred and common shareholders. One of the biggest acts of finacial treason ever committed against the American public as 5.6 trillion in FNH and FRE liability was added to the USA balance sheet by a self dealing, weasel from Goldman Sachs. Good for PIMCO and the FRN/FHM short sellers, and insiders like Goldman, and JPM, but that is it.
One has to question why the AG is not looking into criminal charges of past and present management of FNH and FRE, including Bill Clinton’s disappearing Oxford pal, Franklin Raines? Look for Raines, like Powell, Gates, Friedman, Greenspan to be made a Knight Commander of the British Empire soon.
Today was the corrupted ZOG USA government at its finest, ‘reward for the guilty, blame for the uninvolved, and punishment of the innocent.
I continue to expect a sharp reversal in this dollar madness, and CB intervention in the commodity markets which remain very, very, oversold and the USDwhich remains very, very overbought on continued deleterious events to the balance sheet of the USA government soon.
FNH and FRE stock collapsed into the penny range.
The main intent of this move appears to be to hide ‘confessionals’ as FNH and FRE debt had be rolled over at the end of the month. With the company under the FEDs control we can expect any real accounting to be delayed until after the election.