Thursday, January 20, 2011

1-20-11 CNBC on Obama talks with China

[*****] CNBC is reporting "deals being made behind closed doors" and an announcement being made next week that will transfer wealth from the rich to the poor

[*****] **** and **** on the phone with a friend and fellow investor... said its "on the call" on cnbc

and here is another from a different person:

[*********] Hey, I just got a call from a friend who was watching cnbc. Said one of the mods said that right now negotiations are going on behind closed doors that will create the greatest transfer of wealth in history from rich to poor and will wipe out european debt

Separate but related chat:

[*****] Fox Business News- just finished listening to a man on Fox Bus, says dollar will fall and was talking about the Fed being the problem. Also, he said that there are many things are going on in the background to correct this, talked about resetting
[******] ******* - just heard it, it is off now, but this guy was talking about China being involved in all that is going on
[*****] ******- maybe thing 1 and thing 2 are not way off, makes you want to go hummmmmmm


[***************] CNN and CNBC are BOTH saying it is the end of the Fed. So it is no longer a conspiracy theory, but it is FACT.

CNBC article on transfer of wealth

8 comments:

  1. That would be cool to find a link for this CNBC report..

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  2. seems like gurus look for any wrinkle and exploit it

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  3. Agree! But, it was said it was heard live. Not sure if we'll ever see it reported.

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  4. justwaitinforit, I would shure love to see it! Thanks for the site....me likey :)

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  5. MDSPANN, Thanks! I've been looking! No luck yet.

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  6. http://www.cnbc.com/id/41176278

    Why Some European Markets Rose Thursday

    Published: Thursday, 20 Jan 2011 | 2:16 PM ET

    By: Simon Hobbs
    CNBC Anchor


    Something very significant may be happening in Europe.


    Hidden among an otherwise sea of red due to China fears, some markets rallied Thursday: Athens' ASE up 2.6 percent, Portugal's PS120 up 1.1 percent and Spain's IBEX [.IBEX 10636.9 80.4004 (+0.76%) ] up 0.76 percent.

    More importantly, there's a growing bid under peripheral European debt. For all governments dubbed PIIGS, the extra that the market demands to hold their debt over benchmark German bunds is down—yet again.

    When I call around Europe trying to find out why, I get one of two answers:

    Answer One

    It's internal. People are happier to hold Portuguese or Greek debt because something—and usually people are not specific— *****but they believe something is being discussed by the authorities behind closed doors.*****

    There's a far greater sense of hope than I've heard before ***** that a plan is being formulated to transfer wealth from rich to poor nations in order to lower the effective rates at which the PIIGS borrow—making their debt more affordable and so reducing the need for investor haircuts. *****

    see link to read more

    NB: the *****s added by this poster

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