WHO DO YOU BELIEVE DEPT.
Here is an example of how to analyze and attempt to verify an eye-brow-raising news story. The European Union Times in the story below reported that US Treasury Secretary Timothy Geithner told European finance ministers that he is in charge of the US economy, not President Obama. This is an incredible – and immensely important – story, if true. And this is the catch — is this true? First, we check to see if any other news media source carried this account. Apparently not, although the finance meeting did take place on Friday, September 16, and was covered in various media. None of the stories mentioned Geithner’s attendance nor any statements from him but the Associated Press did publish a photograph of Geithner coming out of the meeting, so he was there. Next, we check to find the source of his comments regarding being in charge only to discover the source for the European Union Times was none other than Sorcha Faal, the object of considerable controversy on the Net. On the website, whatdoesitmean.com, a nun in Israel identified as Sister Rebekah defends Faal as a real person, a Sister Rachal, reportedly the daughter of David Booth. Further, the site claims Faal is being subjected to hateful and anti-Semitic attacks on the Net. Others say the material attributed to Faal since 2005 actually was penned by Booth, a retired computer programmer from New Hampshire accused of being a CIA operative as well as a plagiarist. This controversy spins deeper and deeper into a morass of charge and counter-charge with no clear resolution in sight, giving good indication of the difficulty of trying to find truth. However, the claim that Geithner told the finance ministers that he is in charge, not Obama, does gain traction when viewed in the light of the next story down. Read this with a discerning eye and decide for yourself who is in charge of US finances — President Obama or Timothy Geithner, that Council on Foreign Relations member and protégé of Henry Kissinger who previously served as president of the New York Federal Reserve Bank. Watch this space for a future article describing the relationship between Geithner’s father and Obama’s mother.
Europe Stunned After Being Told “Obama Is Not In Charge.”
The European Union Times
September 18, 2011
A new report prepared by Russian Deputy Finance Minister Tatyana Nesterenko about the Eurogroup meeting of the Informal Economic and Financial Affairs Council (ECOFIN) in Wroclaw Poland on the growing European debt crisis states that EU Finance Ministers were “left stunned” Friday after they were told by US Treasury Secretary Timothy Geithner [photo top right] that President Obama was “not in charge.”
According to this report, the “uninvited” US Treasury Secretary showed up at the ECOFIN conference and engaged in what can only be described as a “temper tantrum” where he slammed Europe’s economic policy makers for their intransigence in provided further bailouts to Greece and when queried by European Central Bank (ECB) Chief Jean-Claude Trichet as to if this was “Obama’s position too” was told by Geithner, “He’s (Obama) not in charge, I am.”
ECB Chief Trichet, according to other news reports, rebuked Geithner and stated that the financial position of the 17-member Eurozone is better than that of other major economies, especially the United States.
This shocking revelation as to who is actually running the United States comes on the heals of further allegations that Geithner deliberately ignored Obama’s orders to prepare a plan to “wind down” the mammoth international banking group Citigroup Inc. in order to help save the American economy, and as we can, in part, read as reported by the San Francisco Chronicle:
“U.S. Treasury Secretary Timothy F. Geithner ignored an order in 2009 from President Barack Obama to prepare a plan to “wind down” Citigroup Inc., once the biggest bank in the world, according to a book to be released next week.
Geithner didn’t proceed with Obama’s order to develop a plan to dissolve New York-based Citigroup in March 2009, several months after the bank had received a $45 billion taxpayer bailout, according to “Confidence Men: Wall Street, Washington and the Education of a President” by Ron Suskind, a former Wall Street Journal reporter.”
Even more stunning, this report continues, are revelations being brought to light by the New York Times Magazine that Geithner, along with the director of the White House National Economic Council Larry Summers, formed an “unholy troika” with the banking behemoth Goldman Sachs to literally steal the entire US economic system away from Obama and the American people for the sole purpose of looting it for the benefit of a few elite bankers, politicians and other such parasites.
The power vacuum created in the White House allowing these banksters to take over was exacerbated by Summers who upon joining the Obama team declared “there’s no adult in charge” thus allowing him and Geithner to be “insubordinate” to Obama and hijack the American economy for themselves and their cronies.
To the damage wrought upon the American economy by Geithner and his “allies” is called nothing short of “catastrophic” as tens of millions have been thrown out of their homes, tens of millions more are jobless, and the poverty level has reached heights not seen since the days of Great Depression during the 1930’s.
To any relief being seen coming for the American people before their nation is totally destroyed by these monsters it appears unlikely as the veil of oppression keeping them check shows no signs of loosening.
Even worse, new and shocking reports coming from the United States are warning that under what is called their new “Obamacare” laws, patients in US hospitals are being declared “incompetent” in mass numbers thus allowing these same hospitals to claim “guardianship” over these people and then sell of all of their assets thus reducing them to poverty.
Sadly to note are that laws such as these allowing a government to begin mass confiscation of their citizens private wealth, like those enacted by the former German Nazi Empire and Soviet Russian regimes, always presaged mass civil unrest, revolution and outright war.
In fact, just this past week, New York City Mayor Michael Bloomberg warned Washington that if things aren’t changed, and soon, riots could very well begin breaking out. And as quoted by the New York Daily News, Bloomberg said, “We have a lot of kids graduating college, can’t find jobs. That’s what happened in Cairo. That’s what happened in Madrid. You don’t want those kinds of riots here.”
Bloomberg’s predictive warning of unrest appears to be spot on as, even while these words are being written, US police forces have “locked down” the financial capitol of America on Wall Street after thousands of protesters descended upon it in a “Day of Rage” demonstration invoking Mideast rallies and calling for an end to corporate greed that favors the rich over the poor.
To how soon these types of protests riots, if not outright revolution, will spread across America it is not in our knowing, other than to note that never in the history of the world have people that have been so destroyed by their “leaders” not fought back.
In an AP story about the ECOFIN meeting, there was no mention of Geithner or his reported statement but the AP carried a photograph of Geithner leaving the meeting with the caption, “Geithner steps out of an informal meeting of European Union finance ministers in Wroclaw, Poland, Friday, Sept. 16, 2011. Geithner joined the meeting in Wroclaw, Poland — the first time that a U.S. finance chief has attended such a gathering.”
Geithner’s photo at ECOFIN meeting: http://www.stamfordadvocate.com/news/article/Debt-crisis-a-historic-challenge-to-European-unity-2173853.php#ixzz1Z5QcDSZ6
Adding some support to the EU Times story is the following account from Bloomberg News:
Geithner Ignored Obama Order to Plan for Citigroup Wind Down
By Donal Griffin and Caroline Salas Gage
September 16, 2011
U.S. Treasury Secretary Timothy F. Geithner ignored an order in 2009 from President Barack Obama to prepare a plan to “wind down” Citigroup Inc., once the biggest bank in the world, according to a book to be released next week.
Geithner didn’t proceed with Obama’s order to develop a plan to dissolve New York-based Citigroup in March 2009, several months after the bank had received a $45 billion taxpayer bailout, according to “Confidence Men: Wall Street, Washington and the Education of a President” by Ron Suskind, a former Wall Street Journal reporter. Bloomberg News obtained a copy of the book’s manuscript. The book, published by New York-based HarperCollins, is to be released Sept. 20.
Citigroup, led by Chief Executive Officer Vikram Pandit, posted $29.3 billion in combined losses for 2008 and 2009, much of them tied to subprime mortgages. U.S. taxpayers also guaranteed more than $300 billion of the lender’s riskiest assets to prop up the company as it neared collapse. Obama wanted to consider restructuring the bank while Geithner would also proceed with stress tests of the country’s lenders, according to the book.
Geithner didn’t recall Obama getting angry at him for not implementing the order and said that he didn’t “slow walk the president on anything,” according to the book.
In the book, Obama doesn’t deny Suskind’s account and doesn’t reveal what he told Geithner when he found out that Geithner hadn’t followed his order, according to a report today by the Associated Press, which said it purchased a copy of the book.
The Citibank incident, and others like it, reflected a more pernicious and personal dilemma emerging from inside the administration: that the young president’s authority was being systematically undermined or hedged by his seasoned advisers,” AP quotes Suskind as writing in the book.
“This account is simply untrue,” the Treasury said in an e-mailed statement. “The directive given by the President in March 2009 was to develop a contingency plan for tough restructurings if the government ended up owning large shares of institutions at the conclusion of the stress tests that Secretary Geithner worked aggressively to put in place as part of the Administration’s Financial Stability Plan. While Treasury began work on those contingency plans, there was fortunately never a need to put them in place.”
The White House didn’t immediately respond to e-mails requesting comment. Jon Diat, a Citigroup spokesman, declined to comment.
The Treasury Department largely exited its bailout of Citigroup last year and returned a profit of about $12 billion to taxpayers.