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Back in June of 2010, "Country Risk: The World According to Robert Rubin (Updated)," we described how the tentacles of the Rubin political organization had spread throughout the Obama White House, reducing the former Senator from IL to little more than a finger-puppet:
When the POTUS travels to Europe in November to meet with the other leaders of the G-20 to talk about the global currency system, Bob Rubin, speaking through his operatives like Froman and Geithner, and his puppet Barack Obama, will be setting US policy with respect to the dollar. We understand that the Rubin group is indeed planning to kick the neo-Keynesian madness of Paul Krugman et al up a notch by expanding the use of SDRs and embracing global hyper-inflation via the IMF.
Froman is Mr. Big Picture and Timmy is Mr. Day-to-Day. Obama is a big picture guy. "Froman is Mr. Behind the Scenes, but much closer to Obama that Timmy," notes one national security official. "His focus right now is preparing for (a) IMF-World Bank meetings in DC in Sept, (b) G-20 finance ministers, central bankers in October, and (c) the G-20 leaders in France in November. That is the 3-step sequence toward the new world monetary order, based upon SDR's and not gold, that is evolving."
[..]
The political battle over the direction of the US economy in the 21st Century is being fought today. Whether to break up the largest banks led by BAC and restructure the US economy is the core issue. We cannot fix housing or the US economy without breaking up the largest banks, either via government action or market forces, but the forces of inflation and debt so ably represented by Bob Rubin have other ideas in mind.
Back in June of 2010, "Country Risk: The World According to Robert Rubin (Updated)," we described how the tentacles of the Rubin political organization had spread throughout the Obama White House, reducing the former Senator from IL to little more than a finger-puppet:
"One of the most powerful and least known Rubin proteges is Michael Froman. Michael has an unusual "dual brief" which is he reports to Summers on the National Economic Council and reports to Gen. Jones on the National Security Council. He sits at the nexus of global finance and geopolitics. He is the main "Sherpa" on G-20 and point person on reflating the world through the intermediation of the new global central bank (IMF) and the new global currency (SDR's) under the auspices of the new global board of directors (G20); all unelected and perfectly unaccountable, of course. The fact that Froman reportedly blew up the alternative investing division at Citi before he left seems not to have slowed down his career in government. And the fact that no one has ever heard of him (versus Summers, Geithner, Orzsag, others) is just the way he and Rubin like it, says an NSC insider. Froman's end-game scenario for the dollar collapse is to kick the problem upstairs and flood the world with SDR's. Notice that the IMF has leveraged its balance sheet for the first time in history using the euphemistically named "New Arrangements to Borrow" or NAB. Stay tuned for high velocity NABs."
When the POTUS travels to Europe in November to meet with the other leaders of the G-20 to talk about the global currency system, Bob Rubin, speaking through his operatives like Froman and Geithner, and his puppet Barack Obama, will be setting US policy with respect to the dollar. We understand that the Rubin group is indeed planning to kick the neo-Keynesian madness of Paul Krugman et al up a notch by expanding the use of SDRs and embracing global hyper-inflation via the IMF.
Froman is Mr. Big Picture and Timmy is Mr. Day-to-Day. Obama is a big picture guy. "Froman is Mr. Behind the Scenes, but much closer to Obama that Timmy," notes one national security official. "His focus right now is preparing for (a) IMF-World Bank meetings in DC in Sept, (b) G-20 finance ministers, central bankers in October, and (c) the G-20 leaders in France in November. That is the 3-step sequence toward the new world monetary order, based upon SDR's and not gold, that is evolving."
[..]
The political battle over the direction of the US economy in the 21st Century is being fought today. Whether to break up the largest banks led by BAC and restructure the US economy is the core issue. We cannot fix housing or the US economy without breaking up the largest banks, either via government action or market forces, but the forces of inflation and debt so ably represented by Bob Rubin have other ideas in mind.
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