If there’s one thing we know about how the US government operates, it’s that the American people are often the last to know about serious problems that may be taking place behind the scenes.
This week, in a move that has spooked a lot of economic and financial analysts, President Barack Obama held a special, closed door meeting with the heads of the U.S. government’s financial, monetary and oversight agencies.
It included members of,
This has left many wondering what is really going on - and if a serious event is about to take place yet again.
Bernanke Was 'Wrong'
Experts and pundits on television were screaming to investors that everything was fine and to keep buying the dips.
Behind the scenes, however, President Bush, the Federal Reserve, and the world’s leading financial institutions were scrambling to figure out how to keep the whole thing from falling apart.
As former US Treasury Secretary Hank Paulson noted, we were on the brink of a historic collapse, and they knew it well ahead of time.
The American people were not as fortunate. Most of us came to the realization things had taken a turn for the worse only after 50% of our wealth had been wiped out in a stock market and housing crash.
Today, like before, all of the experts in Washington and the mainstream media are making a point to reassure us that we are in the midst of an economic recovery.
However, key economic indicators suggest otherwise.
We are seeing,
Now, as the President meets with a veritable who’s who of government finance, lending and monetary policy one can’t help but think something is amiss.
Are we on the brink of another 'global disaster'?