Skip to comments.France Terror Heading to US, Oil Crash Equals Market Crash, Obama’s Phony Recovery
Posted on 01/11/2015 6:50:55 PM PST by Lorianne
If need be, we will defend ourselves by forming up militias in the millions and doing whatever is necessary to give them the chance to meet their 72 virgins
A clever reader with probably more knowledge of the Middle East than they would care to have put before me a very interesting question. Is the US laundering money to Saudi Arabia through Citigroup in order to hedge against, or compensate Saudi Arabia for the drop in oil prices?
Well, it sure as hell looks like it. I recently tweeted the reportage on the massive derivatives position being accumulated by Citigroup (the parent Holding Company) and Citibank (the bank held by Citigroup HoldCo) $135 TRILLION. Citi is adding roughly $10 TRILLION PER QUARTER, and the bank is now holding MORE derivatives than the parent HoldCo, which is unprecedented and shocking. Even worse, the bank the derivatives holdings of which are now guaranteed by the FDIC, which is to say the US TAXPAYERS, thanks to the Cromnibus bill is where the exposure is being added $9 TRILLION was added to the Citibank portfolio within the third quarter of 2014 alone the latest available data. Citi is the only big bank that is INCREASING its derivatives position, all the other big banks have modestly reduced their derivatives exposure in the same time period. But Citi is piling it on as hard and fast as it can NINE TRILLION $ IN ONE QUARTER!!
Do you know who the largest private shareholder of Citigroup is?
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud. Mister Saudi Arabia.
I don't believe this for a minute. More of Obozo jumping in and claiming credit....me me me, I I I.
He has done everything possible to drive up the cost of energy.
The dirt bag would claim credit for the sun coming up if he thought he could make it stick.
A massive Rico case with congress being a party.
I’ve always thought this was about Russia. If it is true, it’s an act of war.
Obama also said we should not get used to low gasoline prices. Sounds to me like he knows it’s going back up.
Is he smart enough to have done it? Probably not. But the puppet masters are.
I call BS, QE drives up the of commodities as that is where the people who are first in line put the free money, now that QE has stopped prices will pull back on all fronts, commodities leading the way. We also know that tons o free money went in to the markets and they were overextended and will now correct if left alone.