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CASPER UPDATE: APRIL 2, 2009
Spin, spin, spin. B.S., B.S., B.S........
Our G-20 intell does not agree with OBAMA's view as summarized above but rather with Story's current update which describes a knife fight behind closed doors. OBAMA came armed with many DEMANDS including financing for his deficit spending plans and the ability to continue his illegal trading of OPM, other peoples money. He was told "NO" in plain language, we hear.
This fellow could apparently tap dance through the arrival of KATRINA on his front porch as could HITLER. As he takes over everything from the auto industry to executive salaries he stands there in full view of the world claiming to believe in Free Market Capitalism. He says one thing and as usual does the opposite. Government managed capitalism said MUSSOLINI, is FASCISM.
STORY describes the problems with BUSH cousin The Connecticut Trustee which we have written about many times and goes on to describe OBAMA's blockage of deliveries (settlements) as we have been reporting regularly for several weeks running. Then he hits the nail on the head calling for action (immediate release of settlements/delivery) not more talk, negotiation or promises. What we are dealing with here is the "second rail" participants we referred to in a previous update.
Wednesday, and as of this writing early afternoon Thursday, OBAMA has the packages held up at Treasury.
Our saving grace remains the same, that we must receive before the rest of the world can receive. That being the case you can well imagine the pressure being applied by those able to do so.
Careful language from the G-20 spoke of a "new financial regulatory architecture" which is likely a reference to Basel regulations and multiple references to strengthening the IMF including a Financial Stability Board and IMF supervision of countries financial sectors. While important these are not the announcements we hoped for. OBAMA moves on to NATO meetings with stops in France, Germany and Czechoslovakia if memory serves. He returns on the eighth I think.
Every day without exception there are intelligent, honest, informed, well meaning sources expecting delivery "TODAY". WE continue to believe the packs in Treasury are the true indicator of status and we now watch and wait to see what happens to those packs now that the G-20 dog fight has ended.
While awaiting those answers we observe no movement away from the FED RES/U.S. Gov't. world monetary construct based on DEBT. The addition of vast quantities of additional debt can not fix a failing debt based system. This "fix" is absolutely necessary if the world is to recover. Vast quantities of liquidity poured into the existing system using every conceivable means of public financing, simultaneously, will cause a respite, a postponement, but the down stream consequences will be horrific and increased liquidity can not solve the much greater problem of insolvency.
OBAMA's blockage of deliveries pushed us into the G-20 meetings which was not supposed to happen. Now we have no choice but to await the outcomes decided there.
casper 4-2-09