I don’t know what to make of this, other then bad news. The U.S. Treasury is holding secret tests and their results on the nations leading banks.
Some of the tests have already been performed. But they are unwilling to reveal the results yet for fear of a “market melt”.
Here is the article: US to delay bank test results for earnings-source
What the article is saying is an eye-opener if you really read it.
The U.S. Treasury Department is planning to delay the release of any completed bank stress test results until after the first-quarter earnings season to avoid complicating stock market reaction
The government is testing how the largest banks would fare under more adverse economic conditions than are expected in an attempt to assess the firms’ capital needs.
The tests are designed to determine the depth of banks’ capital holes if conditions deteriorate further.
This is more secret shenanigans by our government (and the Federal Reserve, most definitely a non-government institution), who has been unwilling to let the people of this nation actually know what the hell is going on and where all this money is vaporizing to.
I see this as just more manipulation and smoke and mirrors bullshit. They don’t want you to know how things really are and they don’t like their test results either and they’re afraid you might actually find out that your money is absolutely worthless.
Rather then “inspiring confidence” (a euphanism to sucker more people into playing this shell game), this may very well backfire, because we certainly do not trust our government to tell us the truth. We’ve been lied and manipulated into this position of equity loss for years and years, and now these rotten bastards are going to help us?
Get your near-worthless money OUT of these failing institutions and into something you actually need. This is not a pitch to sell you anything, just start taking care of yourself and realize that your government is once again, telling you it’s going to “deteriorate further” and they don’t want you to know just how bad it’s going to get.
Update: The West’s Fatal Overdose
The summit participants took the easy way out. Their decision to pump a further $5 trillion (‚¬3.72 trillion) into the collapsing world economy within the foreseeable future, could indeed prove to be a historical turning point — but a turning point downwards. In combating this crisis, the international community is in fact laying the foundation for the next crisis, which will be larger. It would probably have been more honest if the summit participants had written “debt, unemployment, inflation” on the wall.