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Is Something Serious Up at Treasury?
Economic Policy Journal ^ | 1/29/2011 | Robert Wenzel

Posted on 01/30/2011 7:21:25 AM PST by FromLori

On Sunday, Treasury Secretary Geithner will have dinner at Treasury with former secretaries of the Treasury.

What's up with this? There was no indication on the weekly Treasury schedule, put out just a day ago, that this dinner was planned. Very unusual.

On top of that, the Treasury put this notice out at 9:00PM on a Saturday night. Sure looks like a rushed meeting to me.


TOPICS: Government; News/Current Events
KEYWORDS: economy; treasury
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1 posted on 01/30/2011 7:21:29 AM PST by FromLori
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To: FromLori

O.K. then; so what does this mean? Should I go out today and spend all my dollars real quick to get rid of them?


2 posted on 01/30/2011 7:24:41 AM PST by kevslisababy
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To: The Comedian

More grist for your mill...


3 posted on 01/30/2011 7:24:51 AM PST by null and void (We are now in day 740 of our national holiday from reality. - 0bama really isn't one of US.)
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To: FromLori

Disbursing the last four pounds of gold in Fort Knox, then grabbing the 9 PM Family guy, then off to Switzerland to watch the implosion.

On a serious note, the Stock Market is going to take an ‘87 type plunge tomorrow. Probably asking for a little help.


4 posted on 01/30/2011 7:25:31 AM PST by Vermont Lt (Don't taze my junk bro.)
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To: FromLori

Geithner is a moron.

He and the fed are doing nothing to stop the national debt crisis, the exploding federal deficit and budget, rampant inflation and the devaluation of the American dollar.


5 posted on 01/30/2011 7:26:27 AM PST by Ev Reeman
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To: Vermont Lt

What info do you have re: the market tomorrow?


6 posted on 01/30/2011 7:26:27 AM PST by saganite (What happens to taglines? Is there a termination date?)
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To: FromLori

Something was seriously up with the Treasury when it became headed by a tax-cheat and an idiot to boot. =.=


7 posted on 01/30/2011 7:27:45 AM PST by cranked
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To: kevslisababy

“Should I go out today and spend all my dollars real quick to get rid of them?”

Buy gold. Be happy.


8 posted on 01/30/2011 7:28:01 AM PST by DrC
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To: saganite

Buy Ford and Apple Computer!


9 posted on 01/30/2011 7:28:03 AM PST by WVKayaker (Faith makes the discords of the present become the harmonies of the future - Robert Collyer)
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To: FromLori

What it means is this: He’s looking for a new job, and is trying to get his resume out.


10 posted on 01/30/2011 7:29:27 AM PST by Brilliant
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To: FromLori

Perhaps nothing and probably nothing.

Or perhaps the debt limit has been reached or will be reached this week and Geithner is looking for ideas on how to keep spending going until they can beg Congress to raise the limit.

Or there’s another big bank failure in the works and they’re working on the bailout details to present to Congress.


11 posted on 01/30/2011 7:29:37 AM PST by garbanzo (You better hold on; This one's about to get bumpy.)
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To: FromLori
Exploring ways to quadruple the output of the printers.
12 posted on 01/30/2011 7:30:22 AM PST by BulletBobCo
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To: kevslisababy

If your throwing bags of money around I will take one please.


13 posted on 01/30/2011 7:30:33 AM PST by Sawdring
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To: Ev Reeman

Correct on all counts.

I suspect that the meeting is to discuss the impact of the Middle East events on the stock market.

I suspect Monday will be an exciting day for traders.


14 posted on 01/30/2011 7:30:50 AM PST by old curmudgeon
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To: DrC

Well, I can’t afford gold, but stuff to use and barter, I can do that. As to being happy, I’ve come to the conclusion that this is totally out of my control, so all I can do is prepare as best I can, and hope I can cope. I may not be happy, but I am less angry and stressed.


15 posted on 01/30/2011 7:32:11 AM PST by kevslisababy
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To: Sawdring

That bag of pennies might leave a bruise!


16 posted on 01/30/2011 7:33:05 AM PST by kevslisababy
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To: FromLori
Dow Jones Industrial Futures down 166 point at this time. If 0bama gives a press conference, look out below! ;-)
17 posted on 01/30/2011 7:36:14 AM PST by SubMareener (Become a monthly donor! Free FreeRepublic.com from Quarterly FReepathons!)
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To: WVKayaker

Hey, did you see where FORD is going to give everyone of their employees 5k in profit sharing ?? Just heard it on Saturday.

Lessez le bon temps roulez !


18 posted on 01/30/2011 7:37:50 AM PST by onona (I've played)
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To: DrC
"Buy gold. Be happy."

Thanks. I have the gold...I'm working on additional gasoline storage today.

19 posted on 01/30/2011 7:38:45 AM PST by blam
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To: FromLori

Just another meeting to usher in the tribulation.

Deal with it. /S


20 posted on 01/30/2011 7:42:36 AM PST by Vendome (Don't take life so seriously..... You won't live through it anyway.)
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To: FromLori

Buy gold and lead. The latter should be coupled with brass and cordite.


21 posted on 01/30/2011 7:42:58 AM PST by Erik Latranyi (Too many conservatives urge retreat when the war of politics doesn't go their way.)
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To: saganite

Consider that oil probably goes up $10 tomorrow. Then the panic sets in. The market is near a two year high, and the sheep will run for the gates. A 300-500 point drop is not out of the question. I was probably being a little dramatic with the ‘87 type drop, but when the “panic” ensues, people will be running for the door.

The other thing to consider would be a terrorist attack targeted to coincide with the upheaval. THIS would be the time for AQ to do something to upset the apple cart.

These guys do not get together to watch the ball game. And the celtics are playing this afternoon—so there is no game tonight.

Perhaps they are doing their baseball fantasy draft...but its a little early for that too.


22 posted on 01/30/2011 7:43:41 AM PST by Vermont Lt (Don't taze my junk bro.)
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To: FromLori
I'm all out of tin foil.

Would saran wrap do in a pinch?

23 posted on 01/30/2011 7:43:56 AM PST by Logic n' Reason ("Don't start coloring until you know where the lines go.")
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To: kevslisababy

We will have to wait and see what it means but I wouldn’t rush out and spend my money. It could mean lots of things like market turmoil (that’s already started) in spite of the Fed propping it up.


24 posted on 01/30/2011 7:45:27 AM PST by FromLori (FromLori">)
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To: saganite

Easy....Middle East is on fire.

Saudi Arabia’s stock exchange tumbled by over six per cent Saturday, setting the stage for other regional markets to drop as concerns mounted about the violent protests in Egypt.


25 posted on 01/30/2011 7:48:59 AM PST by EBH ( Whether you eat your bread or see it vanish into a looter's stomach, is an absolute.)
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To: SubMareener

that quote is from friday...the mkt was down 166 on friday...

thats not the current futures...


26 posted on 01/30/2011 7:49:12 AM PST by Former MSM Viewer
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To: Logic n' Reason

Saran wrap clings. You want to deflect. If no tin foil is handy, you’ll have to scrounge. There is foil backing for some popular gum wrappers; cutting open and shaping the metal from a can might do as well.


27 posted on 01/30/2011 7:50:01 AM PST by C210N (0bama, Making the US safe for Global Marxism)
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To: kevslisababy
"O.K. then; so what does this mean? Should I go out today and spend all my dollars real quick to get rid of them?"

Defaults on a grand scaled equate to debt deflation. With the velocity of money at historic lows.

Buy and hold cash, in the bank and under your mattress.

28 posted on 01/30/2011 7:50:22 AM PST by Mariner (USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
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To: EBH

I bet they are deciding if they want their Goldman Sachs bonuses to be in Gold or Yuan.


29 posted on 01/30/2011 7:50:43 AM PST by EQAndyBuzz ( Happy Freeping New Year)
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To: FromLori

Spread the blame maneuver.


30 posted on 01/30/2011 7:51:49 AM PST by bert (K.E. N.P. N.C. D.E. +12 .....( History is a process, not an event ))
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To: Vermont Lt

“...Stock Market is going to take an ‘87 type plunge tomorrow...”

Not my OIL STOCKS!


31 posted on 01/30/2011 7:52:32 AM PST by G Larry
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To: Vermont Lt

With the collapse of Egypt into a America -hating Islamofascist State, even the braindead at Wall Street can see the writing on the wall.

The likelihood that Israel will have no choice but to use Nukes is increasing hourly.
Suez Canal ( yes Chrissy it is Suez NOT Panama), falling to Muslim Brotherhood extremist.
The immediate effect which will be skyrocketing retail gas prices.
How long before Americans will be BEGGING oil companies to drill in the U. S.


32 posted on 01/30/2011 7:53:53 AM PST by Marty62 (Marty 60)
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To: Erik Latranyi

“Buy gold and lead. The latter should be coupled with brass and cordite.”

Oh Yeh!!!!


33 posted on 01/30/2011 7:53:54 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: FromLori

Don’t let a good crisis go to waste. With everybody focused on Egypt, I’m sure there is some chicanery going on in Washington as we Freep.


34 posted on 01/30/2011 7:54:28 AM PST by virgil
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To: onona

I used to never much like Ford but my opinion has changes ever since they refused ti take bailout money from the federal government.

Now I would rather buy a Ford than either GM or Chrysler which to me are traitors to this country for taking bsilout money.


35 posted on 01/30/2011 7:54:39 AM PST by Ev Reeman
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To: kevslisababy

>> stuff to use and barter, I can do that.

Good plan. .22 ammo by the case, f’rinstance. Can’t eat gold; I suppose you could make bullets out of it but they wouldn’t be very good ones.

Or, if you want to get rid of your money real quick and the stores are closed, you can just write me a check. :-)


36 posted on 01/30/2011 7:55:16 AM PST by Nervous Tick (Trust in God, but row away from the rocks!)
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To: FromLori

Timothy Geithner obviously doesn’t know whether to ‘shit-or-go-blind’, so he is seeking advice from a brown-stained-pants, blind subject matter professional.


37 posted on 01/30/2011 7:56:06 AM PST by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
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To: Logic n' Reason

-——Would saran wrap do in a pinch? -——

Of course not. Plastic permits passage of RF

Absent tinfoil, wear a galvanized bucket


38 posted on 01/30/2011 7:56:06 AM PST by bert (K.E. N.P. N.C. D.E. +12 .....( History is a process, not an event ))
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To: SubMareener

Not to worry, Mubarak. The administration has your back—until they don’t.


39 posted on 01/30/2011 7:56:18 AM PST by cgbg (No bailouts for New York and California. Let them eat debt.)
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To: kevslisababy
Copper pennies (Pre 1982 and some 1982’s) are now worth about $.03 each. Check your change.
40 posted on 01/30/2011 7:56:32 AM PST by Aevery_Freeman (Fear God and Government - especially when one tries to become the other!)
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To: Georgia Girl 2

Funny you say that. I stopped by Walmart the other day, and just on a whim I bought 250 more rounds of .40SW and about 2,000 rounds of .22LR—figuring I would teach my kids to shoot the varmit rifle sometime over the next couple of weeks. Looks more and more like we may have squirrel for Easter this year.


41 posted on 01/30/2011 7:57:06 AM PST by Vermont Lt (Don't taze my junk bro.)
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To: Mariner

“...Buy and hold cash, in the bank and under your mattress...”

You’re onto something...I agree


42 posted on 01/30/2011 7:58:30 AM PST by Former MSM Viewer
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To: onona
Ford takes care of customers best! They make a good product in the FREE MARKET (theoretically). GM/Chrysler have gum't contracts to keep the unions busy. Ford has done it with profits from operations. The Gum'tMotors guys are living a dream!

I own an Explorer, Windstar, and TownCar (along with 3 old Benzes). I drive the Windstar most and now have 208k and going. I take good care of them all.

Have you driven a Ford lately?

('63 T-Bird)

43 posted on 01/30/2011 7:59:02 AM PST by WVKayaker (Faith makes the discords of the present become the harmonies of the future - Robert Collyer)
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To: Ev Reeman
Management at GM/Chrysler are traitors, and their products just so much stolen property. As far as I'm concerned,

It's Ford or It's Foreign

44 posted on 01/30/2011 8:00:17 AM PST by Oceander (The phrase "good enough for government work" is not meant as a compliment)
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Comment #45 Removed by Moderator

To: The Comedian

ROFLMAO works for me


46 posted on 01/30/2011 8:12:43 AM PST by FromLori (FromLori">)
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To: Ev Reeman
If I recall, Ford DID accept bailout money, albeit a little later and in a rather circuitous manner. I believe there was a thread on this on FR. Does anyone remember the particulars?

Leni

47 posted on 01/30/2011 8:15:42 AM PST by MinuteGal
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To: Nervous Tick

Actually, a gold bullet would be almost exactly the same as lead. However, nothing but an idiot would do that, remembering that even in an Egyptian style meltdown, the gold becomes very very useful after the gunfire stops.

At least thats been the pattern since the Babalonian era.

Buy lead in reasonable amounts, store a few months of food, (easy to do) And then the silver and gold.


48 posted on 01/30/2011 8:16:08 AM PST by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
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To: The Comedian

Google TJIC: blogger who lost his guns for making a similar remark. Hope you’re not I MA.


49 posted on 01/30/2011 8:17:15 AM PST by ctdonath2 (Great children's books - http://www.UsborneBooksGA.com)
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To: The Comedian

Google TJIC: blogger who lost his guns for making a similar remark. Hope you’re not in MA.


50 posted on 01/30/2011 8:17:22 AM PST by ctdonath2 (Great children's books - http://www.UsborneBooksGA.com)
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