Wednesday, January 25, 2012

Geithner's Prediction

Treasury Secretary Timothy Geithner predicted that Obama will have a second term. [1]

Is that really a prediction or an insider's hint that he will further depreciate the value of the dollar to temporary plump up the US economy and prop up the Euro before both of them deflate like a blown-up balloon without a knot? Bernanke already said the Fed will artificially hold down interest rate until late 2014. [2]

Working in tandem, the most powerful money guys in the world plan to ensure that the US economy will hold up before Obama's re-election unless something unexpected happens that is beyond their control, like the rapid disintegration of the Euro and the immediate insolvency of certain European nations and/or financial institutions causing fear and uncertainty in the US financial markets and a severe global recession.

I agree with Geithner that Obama is likely going to have a second term but only on the assumption that human beings are completely in charge of the unfolding of events but they are not. There are things called "coincidences," "luck" and "divine intervention." I could be very, very wrong, but I am confident that Mitt Romney will become president in January 2013 and Tom Brady will win the Superbowl against the NY Giants. With respect to the latter, I am on the side of Rapper Birdman who placed a $5 million bet on the Patriots winning Superbowl 46. [3]

[1] http://www.businessweek.com/news/2012-01-26/geithner-says-obama-won-t-ask-him-to-remain-past-first-term.html

[2] http://www.nytimes.com/2012/01/26/business/economy/fed-to-maintain-rates-near-zero-through-late-2014.html

[3] http://thisbeatgoes.com/hip-hop-news/birdman-bets-5-million-on-new-england-patriots-for-super-bowl-46-game/

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