Trump did not look impressed in his recent meeting with Merkel at the White-house. Can I put my Tin Foil Hat on and guess she shared some very bad news with him from her rich friends, you know the dudes that run the world? Here it is: I don't need any wiretapping to guess she told him that one or two of the major banks are insolvent and reverting to criminal actions to stay a float and she will need the USA to do QE (printing money) real soon as the YEN and EURO has been doing all the heavy lifting by printing in last 2-3 years. He said no way but then she said if not we shut all banks down at once so you have been put on notice!
I look at the world from an accounting perspective. Once you cannot pay your bills anymore you are usually called bankrupt from a generally accepted accounting principle. In 2008, the bankers called each other out and froze overnight lending for 30 days in September. They then picked Lehman and Bear to be liquidated. The US gov't was called in to provide $700+ billion USD of liquidity to save AIG the insurer of those two banks and also to pass the new money around to save all the others affected by not being paid what was owed by the failed enterprises.
As George Bush put it during the 2008 meltdown in this short 1 minute clip “I have abandoned free market principles to save the free market”.
Capitalism or the free markets that most people believe in does not exist anymore! With two main factors destroying them: The Plunge Protection Team and Exchange Stabilization Fund neither can exist in a true free market. We do not have a free market so start protecting yourself from the unsustainable economic system you are in now.
Ever since 2009 the USA, Japan and EU have printed money. For the first ~4 years was the US then the day after they stopped Japan started printing ~$80 billion US equivalent monthly but within ~2 years that proved not enough and the EU joined the printing ever since. Currently, both printing at least ~$200 billion+ per month combined. Some reports at $400 billion per month. Now Trump wants to spend $1-1.5 trillion on infrastructure on top of spending $.5-1 trillion they are short on every year. Add to that the .5% interest rate hike that will effect the $20 trillion in debt interest costs. That could add around $.5 trillion in expense cost per year. So all in all I see $1-3 trillion USA dollar short fall over the next 1-1.5 years. I simply call that bankrupt. So now we have Trump running things. My bias is I like that a lot. He understands BANKRUPTCY very much or as he would say very very much. He also has added two important folks to his team:
Secretary Treasurer: Steven Mnuchin
https://en.wikipedia.org/wiki/Steven_Mnuchin
In 2009, a group led by Mnuchin bought California-based residential lender IndyMac, which had been in RECEIVERSHIP by the FDIC and owned $23.5 billion in commercial loans, mortgages, and mortgage-backed securities. After purchasing IndyMac, renamed OneWest Bank, Mnuchin served as CEO and chairman. OneWest then bought several other FAILED banks including First Federal Bank of California in 2009 and La Jolla Bank in 2010. Furthermore, OneWest bought a portfolio belonging to Citi Holdings for $1.4 billion. OneWest was profitable one year after Mnuchin had bought it, and it became the largest bank of Southern California, with assets worth $27 billion. Criticism for aggressive foreclosure practices. OneWest was criticized for AGGRESSIVELY FORECLOSING on homeowners.
Secretary of Commerce: Wilbur Ross
https://en.wikipedia.org/wiki/Wilbur_Ross
He specializes in LEVERAGED BUYOUTS AND DISTRESSED BUSINESSES. As of February 2017, Forbes magazine has reported that Ross has a net worth of $2.5 billion. Ross is known as the "King of Bankruptcy" for his experience in buying BANKRUPT companies, primarily in the manufacturing and steel industries, and later selling them for a large profit after operations improve.
Trump has the banking industry by the short hairs. Obama a black man rose up to the most powerful office in the world yet was still a SLAVE to the bankers. The fundamental difference between the Bush, Clinton and Obama administrations is they all listened to the bankers but Trump believes he is the boss of the IMF, World Bank, Council on Foreign Relations and maybe even the UN!
As evidenced in Wikileaks email, and before the election in 2008, Michael Froman a head banker bailed out just months earlier suggested the following people be appointed to cabinet positions and most were appointed (by Obama): Eric Holder – Justice Department, Janet Napolitano – Homeland Security, Robert Gates – Defense, Rahm Emanuel – Chief of Staff, Peter Orszag – Office of Management and Budget, Arne Duncan – Education, and three choices for Secretary of Treasury: Robert Rubin, Larry Summers and Timothy Geithner.
You see Merkel in my opinion would be the highest ranking spokesman for the European Union. In a bankrupt corporate captured monopolized world the most important conversations are on who is gonna hold the hot potato next (print money – hidden tax on YOU!). This to me would be top conversation between Trump and Merkel all other topics are small talk. Money is king and always will be.
UPDATE: This proved they talked about money and was published day after this post, on ZeroHedge. http://www.zerohedge.com/news/2017-03-26/trump-handed-merkel-375-billion-invoice-nato-defenses-during-recent-visit
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