Saturday, July 16, 2005

Greenspan Fingerprint Found on London Bombs



Alan Greenspan may have some explaining to do. Because the fingerprints of Greenspan's Federal Reserve are all over financial transactions just ahead of the London bombings.

The Fed has previously supported financial markets by increasing liquidity to boost the stock market -as happened after 9/11.

But an analysis of stock transactions by financial M.B.A. "cunningrealist," shows that even though the attacks in London took place on Thursday, 7th July, the Fed had already hugely increased liquidity 48 hours before that --just in time for that liquidity to filter into the market.

Here is his chart of "securities lending" -one way the Fed creates liquidity. It shows a huge spike on June 30th. This is extraordinary activity.


Then the Fed almost doubled "temporary liquidity" to $40 billion, driving this mechanism to a multi-year high on Tuesday, July 5th -and it kept liquidity elevated on Wednesday and the day of the bombings:

Over recent months, the Fed has pumped extraordinary liquidity into the markets. The Fed doesn't take this sort of action for no reason, particularly when the price of oil is already at an all-time high. But whatever their reason, it worked.

There was little global financial downside as a result of the London attacks. The stock market saw heavy buying right at the opening bell on Thursday and has shot straight up since then.

Commenting on this, financial journalist, Eric Sidall wrote:
"The capital markets are working so efficiently that when Greenspan called his British and European counterparts regarding whether the three central banks should intervene, the decision was to let the markets function since no liquidity problem existed." [Tip: DU]
Duh. No liquidity problem existed -because the Fed had pumped the market by $35 billion in extra money during the days before the bombs. Now that's what I call efficient markets!

Or, was it just a coincidence that financial markets were pumped up in advance of a major geopolitical event?

Source article: Following the Money
See Also??: Who shorted British pound?

Adapted from the CunningRealist

8 Comments:

Blogger Cooler Brian said...

Yes, it would be safe to say it was a coincidence.

4:48 am  
Anonymous Anonymous said...

God I hate coincidence queens.

9:43 am  
Blogger Unknown said...

Great catch (finding this blog post and bring out attention to it).

1:55 pm  
Blogger FintanDunne said...

FYI - Here's his reply in comments to the original article:

The Cunning Realist said...

Thanks for the comments. Before writing the post, I looked at data from the same time of year for several previous years. The only year that saw anything remotely similar to this year was 2004---and even then, the rise in the liquidity pool was not as sharp as this year when it increased by 60% in one day. Second, the far gentler rises in previous years---if they have occurred at all---have dissipated after the 4th of July. The massive increase this year took place after the 4th. Third, and perhaps most importantly, oil was trading in the 60's this year when the Fed took this action---thus it was far riskier for the Fed to print all that money now as opposed to years past, when its monetary policy was not constrained by the price of oil or other commodities.

8:26 pm  
Anonymous Anonymous said...

Greenspan's action is a pretty incredible "coincidence".

Also, an amazing statistical blip just before the bommbings.

This stuff gives me the creeps.

5:23 am  
Anonymous Anonymous said...

Fintan,

Fine work on this little gem

...the only reason i ever became curious of conspiracy theories was after i became a daytrader.

The old saying "Follow the Money" is so true

...if ya want to believe in something besides what we were force FED, just follow the money!

3:07 am  
Blogger Sandro Pascucci said...

The World has a problem.

The Society has actually only one huge problem that has created with its own hands!.

It is a purely economic problem because it relates to the issuing of money.

The money-issuing is decided, controlled and managed by Private Entities and not by the democratically elected Governments.
After centuries of counterfeiting, illegalities and machiavellismi, these Private Entitles have now gone so far as to control and rule whole Nations, no more sovereign but slave to an economic and financial mechanism know as “seignorage” (with the addition of the even worse “fractional reserve [banking system, N.d.A.]”).

Very often, too often, the politicians of every Nation, called to defend and protect the People that have democratically elected them, are corrupt and collaborate with these ruthless “money creators”. In this field, the laws themselves are created at the advantage of the International Bankers. Other laws that could help the People free themselves from this slavery, are changed, distorted or simply ignored.

The current Banking System is based on a Disgraceful and Inhuman Fraud.
This Fraud is called “Seignorage” [or "seigniorage" - N.d.A.] & “Fractional reserve [banking system - N.d.A.]”.


The information channels are manipulated and controlled by the economic power of Private International Bankers and no newspaper, TV or radio station will ever talk about “seignorage” and/or “fractional reserve”. There have been Presidents and men known worldwide who died under the powerful and inexorable blows of these Supranational Entities.

Lincoln and Kennedy for example, died after having issued money in the name of the People and for the People, trying to release Americans from the slavery of Central Banks, disguised as “public institutions”.
To spread information on this worldwide taboo and contribute to unmask these stranglers of individual and collective freedoms is EVERYBODY’s duty, a duty for EACH OF US. Search the Internet for keywords like “seignorage”, “fractional reserve” and “public debt”.

Read alternative information; do NOT blindly trust mainstream information. Support the cause by spreading this leaflet and letting real information reach other people by means of the Internet, look for information free of any political ideology: political rivalries are used by International Bankers to divide us and distract our attention from the real problem.

[ 18 July 2005 - sandropascucci@yahoo.it ]
www.signoraggio.com

8:38 am  
Anonymous Anonymous said...

Yes... but the liquidity increase came AFTER July 4 weekend, you goobers. The spike on June 30 would be normal. But why on earth would you pump that much into the market after a high demand weekend?

2:39 am  

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