Wednesday
Jan252012
BREAKING - Tim Geithner Tells Bloomberg He Will Not Serve In An Obama Second Term
Speculation has long been that Geithner will join one of the big banks on Wall Street. If it's any other than Goldman Sachs, for whom he negotiated the AIG bailout at 100 cents on the dollar, we will be shocked.
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WASHINGTON (MarketWatch) -- Treasury Secretary Timothy Geithner said Wednesday that he does not plan to serve if President Barack Obama wins a second term in November. Geithner said he was confident that Obama would be re-elected but added that he was also "confident that he is going to have the privilege of having another secretary of the Treasury." The comments came in an interview with Bloomberg Television.
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Jan 25, 2012 at 4:35 PM
Reader Comments (9)
"SEC" "FINRA" "FBI" fully protecting all Fraud loot going on since 2008 crash in USA
FBI playing scam with small fish fries for insider trading where as Protecting Biggest Scam loot by NETFLIX insiders/GOLDMAN SACHS?MORGAN STANLEY/JP MORGAN Gang
US DOLLAR is in danger od going up in flames next:
India to pay gold instead of dollars for Iranian oil
January 25, 2012
India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, DEBKAfile’s intelligence and Iranian sources report exclusively. Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran’s total exports of 2.5 million bpd. Both are superpowers in terms of gold assets.
By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank’s assets and the oil embargo which the European Union’s foreign ministers agreed to impose Monday, Jan. 23. The EU currently buys around 20 percent of Iran’s oil exports.
The vast sums involved in these transactions are expected, furthermore, to boost the price of gold and depress the value of the dollar on world markets.
Iran’s second largest customer after China, India purchases around $12 billion a year’s worth of Iranian crude, or about 12 percent of its consumption. Delhi is to execute its transactions, according to our sources, through two state-owned banks: the Calcutta-based UCO Bank, whose board of directors is made up of Indian government and Reserve Bank of India representatives; and Halk Bankasi (Peoples Bank), Turkey’s seventh largest bank which is owned by the government.
An Indian delegation visited Tehran last week to discuss payment options in view of the new sanctions. The two sides were reported to have agreed that payment for the oil purchased would be partly in yen and partly in rupees. The switch to gold was kept dark.
India thus joins China in opting out of the US-led European sanctions against Iran’s international oil and financial business. Turkey announced publicly last week that it would not adhere to any sanctions against Iran’s nuclear program unless they were imposed by the United Nations Security Council.
The EU decision of Monday banned the signing of new oil contracts with Iran at once, while phasing out existing transactions by July 1, 2012, when the European embargo, like the measure enforced by the United States, becomes total. The European foreign ministers also approved a freeze on the assets of the Central Bank of Iran which handles all the country’s oil transactions.
However, the damage those sanctions cause the Iranian economy will be substantially cushioned by the oil deals to be channeled through Turkish and Indian state banks. China for its part has declared its opposition to sanctions against Iran.
DEBKAfile’s intelligence sources disclose that Tehran has set up alternative financial mechanisms with China and Russia for getting paid for its oil in currencies other than US dollars. Both Beijing and Moscow are keeping the workings of those mechanisms top secret.
http://debka.com/article/21673/
SCREAM ON
WHAT DIFFERENCE YOU MADE YET?
BLOCKING POSTS AND WHY?
NO REVOLUTION IN USA: JUST SAME FATE AS ROMAN EMPIRE
MASSIVE RIOTS IN USA 2013
If you had been paying attention, before calling us fools, you would know that my site provider installed a new CAPTCHA system for comments that i HATE...that is why your comment was put into moderation until i saw it and approved it.
If you keep up the insults, I will ban your ass like I did 18 months ago. Don't spam, don't insult, and learn to be a helpful, contributing member.
Hi Ken, don't worry about 2013, the world ends on the 31st of this month...I haven't bought a new calendar yet.
I am sure Tim feels he has gutted America out enough to meet his personal needs and is now ready to move on to a new cesspool to play in.
We should get a pool going on which sewer he ends up in.
I would put my money on Goldman suks as I think he's been their under cover employee since 2003. Maybe now they can give him a real job and title, something like CEO of the ( SCREW the MIDDLE CLASS to DEATH DIVISION ). I'm sure he has the experience to handle that one, as he's been doing exactly that for almost ten years.
He is a criminal.
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Nice.