-- Posted Friday, 18 February 2011 | | Source: GoldSeek.com
By R. D. Bradshaw
Last Week’s Goldsmiths CLXXX addressed the debt problem with the US Treasury which could promote a huge melt down. In particular, the problem broached the ballooning federal debt crisis which could ensue from the US loan guarantees program if the dollar should implode or even suffer a major international setback (the loan guarantee totals are probably near $100 trillion as discussed in the Goldsmiths 180). This Goldsmiths will continue with that theme and what might be on the drawing boards in the coming days.
Revisit to the Pension Funds
In the Goldsmiths 105, 117, 139, 156, and 158, I concluded that the 300 largest US pension funds carry some six trillion dollars in assets; though not much of it is presently in US Treasuries. Pension funds have had a larger interest in stocks and real estate. Surely, a sum of money this big must whet the appetite of the Rothschild Cabal bosses and their agents and relatives in the US. The only question has been how the Cabal could gain possession of this money.
As I have noted in these earlier Goldsmiths, the skullduggery coming from Rothschild relatives Bernanke and Geithner is that they continuously work on ways to cheat and defraud the American taxpayers. The latest gimmick is a plan to transfer even more of the bad real estate mortgages with Cabal banks to a new status of being insured by the US Government. In those Goldsmiths, I noted the question of who would buy these new US government guaranteed, real estate mortgages.
Well, I found the answer in my research which suggests that the plan is for pension funds to buy trillions of dollars worth of these US insured mortgages, along with many of the US Treasuries. Will pension funds be this stupid? Well, factually, many of the state pension funds may have to meet US government pension investment demands if they expect to receive any federal bail-out money which is now in the talking stage. Presently, this must be on the table of possibilities. The US will bail out the state pension plans if the pension plans invest their pensions in US Treasuries and/or buy US guaranteed real estate mortgages.
Also, the Fed has bought some two trillion dollars in bad loan paper from the big banks. They are still trying to come up with a scheme to deleverage some of this Fed balance sheet paper directly to the taxpayers. The problem is how to unload this two trillion on the dumb sheep who never say no to the Rothschilds. On this issue, I predict that the Cabal masters may also look at it through mandatory participation of US pension funds. This would be a third trick to burden pension plans with the debt being held by the Fed and government.
As a minimum, some part of this $two trillion at the Fed will have to be eaten up in losses by somebody –either the Fed, the Treasury, the taxpayers or someone. With the huge inflow of interest income to the Fed, the Fed can digest some part of these loses with extraordinary charges to their capital account/surplus. Too, my take is that some of the $two trillion can be transferred to US pension plans if the government can someway make it mandatory.
As I noted above, I think much of the US loan guarantee program on real estate will also end up with US pension funds through hook or crook. What might happen is that many of these loans will be taken over by the FHA and placed under its loan guarantee program. Some of these will be sold to investors with the loan guarantee provision. Since state pension funds are in bad shape and seeking federal money (either from the Fed or the Treasury), this money could be made available in the context that the state pension funds invest that money in US Treasuries, in real estate loans guaranteed by the US government, or in bailouts of the debt being held by the Fed.
For many of the FHA loans, the Fed may also have to buy them back as agency debt and then turn around and sell them to approved buyers as reverse repurchase agreements (meaning that the Fed will agree to buy them back at the same or higher price if interest rates rise). The Fed could funnel some of this debt also to state pension plans as well.
The Bottom Line
The crux of this is that our leaders at the privately owned Fed and with the US government have their eyes set on the big money with US pension funds. They are not going to let this money get away from their control and use. Therefore, we can bank on moves in 2011 to make pension funds generally and state pension funds particularly subject to federal guidelines on investments. This will mean government control which can force pension funds to buy US Treasuries, real estate loans carrying a US government guarantee, and/or paper now held by the Fed.
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-- Posted Friday, 18 February 2011 | Digg This Article
| Source: GoldSeek.com
