On March 5, 2010, I posted a lengthy article I had come across, and it had intrigued me. For all you rabbits who love to travel down the rabbit holes, you may want to see where this rabbit hole leads ... I read this on another site, and could not even begin to get through all the links in one night. So what's really going on? But, as I checked the links and the sources, I found they were accurate. Then, I started seeing and understanding connections. As more and more information becomes available, and as we learn more about the moral fiber, or rather a lack thereof, of the progressives in this administration, it's becoming much easier to connect the dots! Despite this being very long and very convoluted, I think it is important to read and to understand the significance of the parts in order to understand the significance of the whole and its potential impact. Rather than delay any further, I am posting this as is and will edit and update as we go. After you have read this article, one should have more questions than one has answers!
"Something's up in the Gold market, IMF & the treasury."
by JoAnneMor
As friends rush to buy gold, I expressed a concern. Something kept gnawing at me. Now, I understand my personal hesitation; gold is at a record high price. George Soros is buying large quantities of gold. In a financial collapse, if he were to “dump” this gold into the market, it would drive the price/value down. People who had bought gold at a lower price would be immune to the reduced value; however, those who bought gold at a high price, would realize a potentially significant loss. In comes Soros and he buys the gold at a much lower price. He has averaged his purchase price (number of shares multiplied by purchase price per share divided by number of shares = averaged cost per share). Citizens could not protect against such a loss.
Next, why is Soros increasing the number of shares of Monsanto? By 244.39%? I will post some information and videos which by themselves mean nothing; however, when viewed in context, appear to be not so benign.
A very controversial, very creative, and very political video by Payday Monsanto AKA Payze Duez! In the video creator's words, ""I see in the near future a crisis approaching that unnerves me and causes me to tremble..."
Finally, if barf (a/k/a the American taxpayers) gave the International Monetary Fund (IMF) $108 billion (the price artificially deflated) and Soros buys at $105 billion ... where is the missing $3 billion?
If you read this when originally posted, it is a good time to go back and re-read, as all these events appear to be related.
The American Citizens Bailout Citigroup.. Soros Buys Citigroup and ups Monsanto by 244.39%!! WTF is going on?
Soros bought Citi for $1.3 Billion dollars and doubled his stake in Gold.. then there is a "story stating IMF was about to sell tons of Gold." And then "a story stating China had sold our treasury bonds in a plan to buy Gold."
When Obama was elected, one of the first things he did was give $108 Billion dollars to the International Monetary Fund, (IMF).
Wall Street Journal article:
"Ah, transparency. Perhaps you've read that the new era of candor in government spending has arrived. Except, apparently, when it comes to the $750 billion that the Obama Administration and other nations have agreed to provide to the International Monetary Fund. In this case, it's all opacity all the time.
At the G-20 meeting in April, the world's big shots promised to provide $500 billion under credit lines to the IMF known as "new arrangements to borrow." The U.S. share was said to be $100 billion, which last week we learned is actually $108 billion. The Obama Administration is now asking Congress to appropriate the cash, except that the Congressional Budget Office is only scoring the cost at $5 billion. How so? Because the transaction is being called an "exchange of assets," which means the U.S. gives the IMF the $108 billion and the IMF gives the U.S. a promissory note. Which raises a question: If it costs so little, why not make it $200 billion. Or a trillion? It's free!" Just make a note of this now for later.
Obama also bailed out Citi, twice so far:
U.S. gave up billions in tax money in deal for Citigroup's bailout repayment
"The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial crisis."
http://www.washingtonpost.com/wp-dyn/content/article/2009/12/15/AR2009121504534.html
After the bailout and the forgoing of repayment, Soros buys Citi at a huge discount. $1.4 Billion Dollars. We lost all that money. Then, George Soros Buys Citigroup Inc., http://www.gurufocus.com/news.php?id=84769
"He bought Citigroup (C), now one of the top 5 holdings!"
Not only does George Soros own Citi, but guess who is its biggest shareholder? Prince Al-Waleed bin Talal, the same Al-Waleed who bankrolled Obama all his life AND Khalidi's boss who is son to the king to whom Obama bowed. And, the same guy who just bought voting stock in Fox news' parent company Murdoch's NewsCorp.
Al-Waleed’s connection to Citi: Saudi prince comes to rescue of Citigroup
"Saudi Arabian prince Alwaleed bin Talal has come to the rescue of Citigroup with a much-needed cash injection today.
The surprise turnaround ended a two-year sell-off that has wiped more than $200bn (£135bn) from the bank's market value.
The Saudi prince will increase his stake from about 4% to 5% in the coming days.
The move initially filled investors with confidence and sparked a buying spree before the bell. The shares surged 25 cents to $6.65, but then fell back to tumble by another 17.5%. Yesterday, they fell more than 22% in a single session while the stock is down more than 90% since 2006.
Based on Wednesday evening's closing price, the prince plans to invest about $349m of his fortune in Citigroup shares.
In a statement released at 9 AM in New York, Talal said he believed Citi's shares were "dramatically undervalued" and expressed "full and complete support to Citi management" including the embattled chief executive, Vikram Pandit."
http://www.guardian.co.uk/business/2008/nov/20/citigroup-bank-saudi-arabia and Rahm’s baby is Citi.
Then, Soros doubled his Gold investments.
George Soros doubles gold investment
"US billionaire George Soros has more than doubled his investment in gold, despite calling it the "ultimate bubble" just weeks ago.
Mr Soros' investment vehicle Soros Fund Management increased its holding in SPDR Gold Trust to 6.2 million shares, worth $663m (£425m) at the end of 2009." http://news.bbc.co.uk/2/hi/science/nature/8521680.stm
IMF to sell almost 200 tons of Gold. Bad News for Gold Bugs?
Gold futures came under further pressure Thursday after the International Monetary Fund said it would sell another 191.3 metric tons of gold . The IMF has already sold the rest of the 403.3 tons of gold it pledged to put on the market in September.
The IMF said it will sell the remaining gold in a "phased way" to prevent market disruption and undue pressure on prices, but gold futures were off more than $13 to $1,107 an ounce in early trading, extending declines from an all-time nominal high of about $1,180 set late last year. The exchange-traded fund SPDR Gold Trust Gs (GLD ) has declined more than 8% from a 52-week high set in early December.
The sale totals about $105 Billion dollars worth of Gold. Remember we gave them $108 Billion dollars!)
http://www.dailyfinance.com/story/investing/bad-news-for-gold-bugs-imf-to-sell-over-191-tons/19363349/
Finally, China is selling treasury notes in order to buy Gold.
Citi: China Sold Their Treasuries Because They Want To Buy Tons Of Gold
"In regards to whether or not China truly sold down its holdings of U.S. treasuries recently, the situation remains a bit murky. But Citi's Alan Heap thinks it happened for sure.
Moreover, he thinks China has a plan for the cash they pulled out of the U.S. -- They'll use it to buy 191 tonnes of gold from the IMF.
Alan Heap @ Citi: The IMF announcement that the fund intends to sell 191t of gold sent a quiver through the market last week. However there was nothing new here. The gold is the residual from the planned sale of 403 tonnes which will partially finance new loans to developing countries.
The bank said that sales would be phased over time, but also kept open the possibility of direct transfers to other central banks.
The PBC [People's Bank of China] is the most likely central bank buyer. The bank is deeply dissatisfied with the performance of its US treasury holdings and has made clear its intention to diversify including into gold. In November and December the PBC sold USD46bn of treasures; they must be buying something.
While he remains rather neutral on gold, with a 2010 target price of just $1,162, he also highlights how Gold bullion demand picked up in Q4 as well, driven by 'Unidentified Investment' which could be good news for early 2010."
Note "Unidentified investments"
China sold our treasury notes to buy gold. Soros Al-Waleed (Paulson too) are selling the gold through citi, from IMF.
Obama already gave IMF $108 billion. The gold being sold is worth $105 billion. We paid for it already. Soros, Al-Waleed & China make money off it. Looks like $3 billion missing. If that’s the case, he intentionally tanked it so Soros could buy cheap.
So we gave IMF Money. We bailed out Citi. Obama's handlers, Soros & Al-Waleed buy Citi cheap, buy Gold through IMF & Citi, Sell gold to China. China sold treasury notes to buy the gold.
So now we don't have Citi, money in IMF, treasury notes, or Gold. We have nothing! In the meantime we paid for all this twice and are still getting robbed.
Here are a couple other miscellaneous links that tie in.Obama’s $108 billion IMF bailout scheme: http://michellemalkin.com/2009/05/13/obamas-100-billion-imf-bailout-scheme/
Same as IndyMac. Soros bought that at a steal too: http://www.thedailybeast.com/cheat-sheet/item/soros-dell-buy-indymac/finance/ paid $1.3 billion; but actually, there was information that it was sold to One West [Source: http://www.newswiretoday.com/news/48244/ ] People are crying foul over the potential "short sale" scam:
and the rebuttal by the FDIC: http://www.fdic.gov/news/news/press/2010/onewest_lossshare.html
Geithner, Soros, IndyMac, AIG connection: http://tinyurl.com/djtour
Soros bought Citi. Al-Waleed has huge stock in Citi. http://www.libanmall.com/alwaleed75.htm
A little info on Geithner, his dad and China: http://www.blogster.com/joannemor/a-little-info-on-geithner-his-dad-and-communism
Federal Reserve Admits Hiding Gold Swap Arrangements, GATA Says
MANCHESTER, Conn.--(BUSINESS WIRE )--The Federal Reserve System has disclosed to the Gold Anti-Trust Action Committee Inc. that it has gold swap arrangements with foreign banks that it does not want the public to know about.
The disclosure, GATA says, contradicts denials provided by the Fed to GATA in 2001 and suggests that the Fed is indeed very much involved in the surreptitious international central bank manipulation of the gold price particularly and the currency markets generally.
The Fed's disclosure came this week in a letter to GATA's Washington-area lawyer, William J. Olson of Vienna, Virginia http://www.lawandfreedom.com/ , denying GATA's administrative appeal of a freedom-of-information request to the Fed for information about gold swaps, transactions in which monetary gold is temporarily exchanged between central banks or between central banks and bullion banks. (See the International Monetary Fund's treatise on gold swaps here: http://www.imf.org/external/bopage/pdf/99-10.pdf
The letter, dated September 17 and written by Federal Reserve Board member Kevin M. Warsh: http://www.federalreserve.gov/aboutthefed/bios/board/warsh.htm, formerly a member of the President's Working Group on Financial Markets, detailed the Fed's position that the gold swap records sought by GATA are exempt from disclosure under the U.S. Freedom of Information Act.
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090923005709&newsLang=en
Interesting info coming out of DC... Not only is he a former lobbyist for a huge chemical company, but his nomination angers some of Obama's own base.
Islam A. Siddiqui: Nominee for Chief Agricultural Negotiator, Office of the U.S. Trade Representative: Islam A. Siddiqui is currently Vice President for Science and Regulatory Affairs at CropLife America, where he is responsible for regulatory and international trade issues related to crop protection chemicals. Previously, Dr. Siddiqui also served as CropLife America’s Vice President for agricultural biotechnology and trade. From 1997 to 2001, Dr. Siddiqui served in various capacities in the Clinton Administration at U.S. Department of Agriculture as Under Secretary for Marketing and Regulatory Programs, Senior Trade Advisor to Secretary Dan Glickman and Deputy Under Secretary for Marketing and Regulatory Programs. As a result, he worked closely with the USTR and represented USDA in bilateral, regional and multi-lateral agricultural trade negotiations. Since 2004, Dr. Siddiqui has also served on the U.S. Department of Commerce’s Industry Trade Advisory Committee on Chemicals, Pharmaceuticals, and Health/Science Products & Services, which advises the U.S. Secretary of Commerce and USTR on international trade issues related to these sectors. Between 2001 and 2003, Dr. Siddiqui was appointed as Senior Associate at the Center for Strategic and International Studies (CSIS), where he focused on agricultural biotechnology and food security issues. Before joining USDA, Dr. Siddiqui spent 28 years with the California Department of Food and Agriculture. He received a B.S. degree in plant protection from Uttar Pradesh Agricultural University in Pantnagar, India, as well as M.S. and Ph.D. degrees in plant pathology, both from the University of Illinois at Champaign-Urbana.
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Siddiqui's currently a vice-president at Croplife America. Croplife is an agrochemical industry trade group representing Monsanto, Syngenta, DuPont and Dow Chemical, among others. Croplife America's regional partner, Mid America CropLife Association, notoriously "shuddered" at Michelle Obama's organic garden and launched a letter writing campaign in protest. Katherine Ozer, Executive Director for the National Family Farm Coalition, said, "We are still baffled by the White House nominating a pesticide lobbyist for this key position, severely undermining their credibility and rhetoric about the need for Americans to have access to local, healthy, sustainable food."
The White House issued a defense of Siddiqui that unravels under scrutiny, "During his time at USDA, Dr. Siddiqui led the first phase of development for national organic natural food standards in the United States." Organic Consumers Association was formed in the wake of this controversial first phase, and expressed surprise and shock that the White House would use this to bolster the case for Siddiqui. Alexis Baden-Mayer, political director for OCA, said, "Our organization was formed in 1998 due to the massive backlash consumers had against USDA's initial controversial proposed regulations for organic food that would have outrageously allowed for toxic sludge, irradiated foods and genetically modified organisms to be labeled ‘organic.' Only after an unprecedented 230,000 consumers wrote USDA to protest the rules were they strengthened. This only confirms to us why Siddiqui is the wrong choice for this position."
Dr. Marcia Ishii-Eiteman, senior scientist at Pesticide Action Network, noted the double standard of ostensibly advocating for more sustainable food at home while Siddiqui's appointment in fact advances an agenda that undermines developing countries' capacity to feed themselves: "Putting a CropLife official and former paid lobbyist in charge of U.S. agricultural trade policy sends the worst kind of message to the world. This appointment tells the world that the U.S. will continue to value the interests of our massive chemical pesticide and biotech industry over any serious concern for public health, the environment or the well-being of farmworkers and communities around the world. We will be calling on the Senate Finance Committee to reject this nomination." Andrew Kimbrell, Executive Director of the Center for Food Safety, added, "An Administration that nominates the top salesman of the pesticide/biotech industry to represent U.S. agricultural interests overseas cannot be taken seriously as an advocate of sustainable agriculture. The U.S. should promote organic and sustainable farming, not pesticides and GM crops."
Farmworker groups fighting for years to regulate pesticide use were also disappointed by the White House's defense of Siddiqui. The Farmworker Association of Florida, which represents 6,700 farm worker families working in the tomato and citrus industries, remains disturbed by the appointment. "Siddiqui's role at USTR will not be about promoting organic products, but eliminating trade barriers for developing countries to accept toxic chemicals and pesticides," said Tirso Moreno, general coordinator for FWAF. "That is CropLife America's agenda. They continue to try to stop any international attempts to help us regulate pesticide uses. Farmworkers have the highest rate of chemical-related illnesses of any occupational group. Our community suffers from nausea, liver damage, birth defects, and cancer as a result of exposure to these poisons. For the health of farmworkers around the world, we urge that his nomination be rejected."
http://www.commondreams.org/newswire/2009/10/27-14
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If Soros owns Citi, won't he profit if he is not required to pay back the money?
Feds to sell entire stake in Citigroup
(AP) The Treasury Department said Monday it will begin selling the stake it owns in Citigroup Inc., which could result in a profit of more than $8 billion.
The government received 7.7 billion shares of Citigroup in exchange for $25 billion it gave the bank during the 2008 credit crisis. It said it will sell the shares over the course of this year, depending on market conditions.
Like any investor, the government will likely hold on to its shares if prices fall steeply. However, Citi shares have steadily been rising with the broader market in recent months, which means the Treasury Department stands to pocket a hefty profit.
Citi shares rose 8 cents to $4.39 in early trading Monday. The government would make about $8.8 billion in profit on its stake in Citigroup if it sells the stock for $4.39 a share.
The Treasury Department received its stock for a price of $3.25 a share last year.
Citi was one of the hardest hit banks during the credit crisis and recession. It received a total of $45 billion in bailout money. Citi repaid the other $20 billion it owed the Treasury in December.
When Citigroup agreed to repay the $20 billion in loans it still owed the Treasury Department, the pair also agreed the Treasury would sell the common stock it owned in the New York bank throughout 2010.
The Treasury owns about 27 percent of Citigroup's outstanding stock, based on the number of shares that were outstanding on Jan. 31.
Even after it sells its stake in Citigroup, the Treasury Department will still hold warrants to purchase future shares in the bank.
The Treasury said Morgan Stanley will handle the sale of the shares.
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