March 16, 2009

> AIG
>
> Bill,br> I mentioned on the phone to you last week that I thought it
> very odd that the FED actually bailed out AIG. They took an 80% stake in
> AIG. I don’t think this is allowed under the Federal Reserve Act but no
> one seems to care. The press keeps wrongly claiming that AIG was rescued
> by the Government…not so, it was the FED. I found this move by the FED
> HIGH SUSPICIOUS. What I told you on the phone was that I considered this
> was done to channel unreported money into the banks. The FED doesn’t
> make an annual report and I am guessing the FED will soon own 100% of
> AIG and AIG will not file one either. This means that the big banks will
> suddenly have derivative contracts that miraculously “come into the
> money” and they will have extraordinary one time gains. Just like
> winning the lottery! The FED will probably make AIG produce some bogus
> back-dated derivative contracts just for the record but it will be a way
> in which the banks will get cashed up without it looking like it is a
> bail-out. No one will be able to say for sure because the derivatives
> markets will be so opaque. Of course the FED will have to keep quiet
> that they are creating money to pass to AIG but once they are 100% owned
> I am sure that won’t be a problem. How will they become 100% owned? The
> big outrage over bonuses is just separating black pepper from gnat poop.
> It is a trivial issue but a very emotional one for the public. The
> bailouts are currently up to almost 10 T$...1.2 B$ in bonuses is
> peanuts…Don’t get me wrong I totally agree they should not be paid any
> bonuses but the outrage should be against the 10T$ and the refusal to
> say who got what and how are they using it. The bonus issue is a
> diversion of public attention. Wait for the “solution” to stopping the
> bonuses; it will be for the FED to have 100% control of AIG. The public
> will then welcome the full takeover of AIG because it stops the
> outrageous bonuses being paid!
>
> This will be a mechanism for back door bailouts of the banks where they
> will make some unimaginable gains on derivatives and then they will pay
> back the TARP money. The recovery of the banks will seem surreal.
> Citigroup have already claimed they are making money again! Huh? This
> will be clandestine hyperinflation but it might work for a while until
> everyone figures out what is going on.
>
> Do you recognize the names of the banks that have had “derivative
> payouts” from AIG so far? This is the Who’s Who of the Gold Cartel!....