Timothy Geithner: "The Threat of Cascading Default, Bank Runs and Catastrophic Risk"

[llmarialucia]

Cris, i m proud of you , get this goverment , talk the true , stop lie for americans and for rest the world , is time for people understand what realy happen and america , thanks again .

[miamistorm]

European banks are burdened by huge portfolios of Sovereign debt. US banks are still burdened by huge off balance sheet entries of worthless toxic derivatives and non-performing loan portfolios. EU banks can't use FASB 'mark to model' rules to value worthless bond holdings like their US counterparts. EU banks are forced by law to value il-liquid assets using a modified 'mark to market' formula, resulting in them being forced to take write-offs and write-downs immediately.

[sjguy25]

in simple words You are a Hero. thank you

[Tribulatoryfighter]

Yes!! I totally agree!! Soon to be blacked out..no internet..what about pigeons?? China is using pigeons!! LOL.. evil cronies!!

[ScorpiusIncorruptus]

I will get out of BofA with this next check...hopefully having any value when I do.

Thanks, Chris, for saying what you say. I want a change...or at least the opportunity for more than the change in my pocket - the only change we can still believe in, right? And I PROMISE, I will spread the GreeneWave word a WHOLE lote more...

[searching68]

That's what happens when government and big business owns you.

WAKE THE HELL UP AMERICA! --- Join the Revolution

-

Read “Common Sense 3.1” at ( revolution2.osixs.org )

-

We don’t have to live like this anymore. "Spread the News"

FIGHT THE CAUSE - NOT THE SYMPTOM

[usaSAVAGE]

It's great to see young people getting informed, and reporting that information to the masses. getting the truth out there that our media in America won't report. it's imperative that the true news gets out there. cause we are being played by both parties. Rock on man, keep getting the true news out there.

[muzkok]

Fight global economy, the two party system and oversized government. EAT THE RICH !!!!!

[TheHomesteadGal]

While I am NOT a Timmy-fan at all, his statement about cascading default was referring to European banks. Let's try not to take things out of context to over-sensationalize. America will be next but on this instance, Turbo Timmy was referring to the Euro-arena.

[ripperduck]

@TheHomesteadGal Isn't it strange that a US Treasury Sect. is talkin about Euro banks? Somehow he tinks that Euro will affect US banks.....

[Dewdaahman]

"..shall be drawn to the gallows, not walking or carried.." little Timmy Geithner will need a step-stool to reach the rope because he'll be on his knees beggin' for his life to continue, but alas his words will fall on hardened eardrums..

[andyjoep]

The banks in Phoenix have been getting ready for the last 6 months by putting bullet proof windows up in all banks. They are not stupid. Just criminals and ain't letting anyone steal back what they stole fair and square in their eyes. I am taking all my money out.

[Popflyer123]

Hi - what's your quick take on Canadian banks and economy?

[david8157]

Make sure you have some cash under the matress...if the ATMs go off those who rely on plastic will be badly stuck.

Good work Christopher...you are a hero!!

[cpgone]

Markets barely holding. Crash soon. Basically you are right. See zero hedge today.

[tet43]

Black Monday? Really? Thanks for the heads-up.You're really good at this prediction stuff.

[domainestickem]

riots, Coming to America fast then Eddie Murphy

[Rimmerrommer]

The Fed is hell bent on getting the stock market up, I don't think they will ever stock pumping money into Wall Street. Bank runs aren't possible when you can create trillions of dollars out of thin air, because the Fed will create more base money out of thin air and put it into the banking system to keep it solvent.

[dkbarnhill]

White Collar Terrorists!!! 

[brickford27]

I guess it is becoming clear to me now that silver and gold was in a bubble, after all we bought it as it was suppose to be a safe haven but it seem that the dollar is the number 1 safe haven.

[Henkera]

@brickford27 Yes, keep thinking that.

[plalelal]

@brickford27 The purchasing power of the dollar is still rapidly declining d/t the price increases d/t the printing of money.

[brickford27]

i don't dispute the dollars are declining in value

[Eyebeemz]

Dow futures is up over 120 points despite a selloff in Asia, the Dow futures should be - 400 and rapidly descending but they are pushing this shit up with all thier might. I am watching CNBC right now and those talking turds are laughing at the protestors, it is like peeking into a window in hell; the intransigent misshapen fiends sit around the desk chortling like harlots at the brutality that is taking place, where is the justice?

[chaineychainaman]

@Eyebeemz I agree. They are sooo confident like nothing can bring all of this wickedness down. One day they won't be smiling.

[Eyebeemz]

@chaineychainaman I hope that one day is later this week LOL.

[theknob1]

Glenn Beck predicted the Wall Street protests months ago! I like this guy but he is very late to the party. Not sure his agenda but to wake those asleep. Soon it will not take grandstanding to wake people as people will quickly find themselves in a struggle to feed, clothe & shelter themselves. God help us all and the USA...

[mclovein14]

@Backstacksize..... I guess what I mean is when the USA dollar is "wall Paper" what will replace it? Will it be backed by Gold or silver, and how is the value determined? Say Gold goes to $3,000oz, now so then what does that really mean? Who is buying the Gold at that point if the dollar is "0"?

[mclovein14]

What will be the spot price of Gold when the dollar is "0" ????

[badstacksize]

@mclovein14 valued in $, infinite obviously.. meaning all the digital dollars in the world would not buy an atom of gold (exception for paper dollars that would have value as burning material for heating or wallpaper)

[mclovein14]

If Bank of America goes under do I need to pay my credit card bill?

[nigelregan]

@mclovein14 haha! me too!

[doctorofart]

clear and simple, great delivery

[Taught77]

Fund you?

with what?

I thought you knew americans are broke.

[Zimba9810]

the asian market getting slaughtered 661 right now hope it wont end in 666 pts

[geraldb4201]

well the stock market is going to open in 7 hrs lets see what happens i get paid on wed this week so if it does crash bad im stocking up on more canning jars and reloading supplys ive got plenty of canned veggies to last my wife and i for almost 6 months now im working on canning up some meats and going to stock up on chicken feed also we wont go hungry anyways or be cold have plenty of firewood ready

[JohnnyBGood11]

Are the bankers going to crash gold & silver then buy everything back I went to a coin show yesterday and all the coin dealers know that there is manipulation going on BIG TIME People..or are the bankers & federal reserve going to try a new currency new fiat money to down the system the dollar must be strong right now wow, I can go out and buy cheap gas and food if that is the case

[JohnnyBGood11]

silver is falling like a lead ballon right now it is 12:57 am central time & gold too

silver @ 26.62

gold @ 1583.90

[valhala56]

Good quote from a 5 year old, "Reverse Robin Hood, Steal from the Poor to give to the Rich" That's the fact Jack!

[morrixwarlock]

Chris where are my newsletters - I haven't received any in a while from you...

[8701gg]

Job 31;24-Job 31:24 If I have made gold my hope, or have said to the fine gold, Thou art my confidence; Job 31:25 If I rejoiced because my wealth was great, and because mine hand had gotten much; Job 31:26 If I beheld the sun when it shined, or the moon walking in brightness;

[cassanoa]

never mind the money - just keep pumping out the message if you want - you tube is free - keep it free

[IndyRockStar76]

I'm not in disagreement that we need definitive change or even a revolution. What really scares me is it's the morons in the country that starting it. I'd rather die than live to see this country become a socialist or some off the wall liberal hybrid paradise. The occupy wall street crowd are mostly ignorant sheep regurgitating the recycling the poison kool-aid of evil men!

[davethevanman]

Good stuff, sub'd.

[militarymom05]

Occupy wall street is about socialism. I joined the group, talked to people in forums, checked links...Soros, Lerner and Rathke all behind it. Follow the money. People should be fighting big government not corporations. Businesses couldn't corrupt politicians if there weren't any takers. Lawmakers need to close tax loopholes so that big business pays its fair share. All the way around it's the feds we should be fighting instead of feeding Obama's socialist ideas.

[cassanoa]

every American should take all there money out of the bank and buy as much gold as they can - after they buy food and weapons - be prepared - its coming down ^^

[delindsay90210]

I put the Geithner quote up on my Facebook, hopefully somebody will actually see it's not all a conspiracy and it's quite real.

[gramig0]

Well they lied before maybe they're lying now.....trying to create panick maybe?

[beezy272]

when will these peaceful protests turn violent ..... when the cops keep beating up people on Wallstreet man .. people are going to get sick and tired of being ignored and there going to start busting heads man .. trust me it's gonna happen soon.. these peaceful protests are going to turn into bloody revolutions.. I don't wish for violence but violence will come if the people don't get what they want and deserve . FREEDOM AND JUSTICE !!!

[metapatriot]

I am Ripper... Tearer... Slasher... Gouger. I am the Teeth in the Darkness, the Talons in the Night. Mine is Strength... and Lust... and Power! I AM Christopher Greene And I just delivered the daily wave ... glad to hear the old Chris back YEA

[PjPjPaul]

Little lyin' Timmy

[tepstolog]

Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.

H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act

[TheFloydReport]

I appluad your hard work and dedication.

[bseven54]

The cop that maced the protester women needs to be brought up on charges. She didn't do shit

[OurLordLennon]

MANY have been PREPARING FOR DECADES! The pre-determined ONE WORLD demonic order IS HERE! GET READY to FIGHT AMERICA! This cabal of multi-national corps & BANKS have instigated EVERY war to usher in a WORLDWIDE FIAT DEBT BASED BANKING SYSTEM in these U.S. OCCUPIED NATIONS! Our military is dying in vain for MAMMON! FOR CORP & BANKING power across the globe. ALL WARS profitable & FOR BANKER AGENDA! THE USA & others have murdered more innocents for eons & NOW IS PAY BACK! AND IT WILL BE A MOTHER!

[TreachMarkets]

Damn dude, you are 24/7! Keep up the good work.

[plalelal]

If groups of people, not lone wolf individuals, don't come together they can't win. Start taling to your neighbors!

[OurLordLennon]

ALRIGHT!

LETS GET THIS REVOLUTION STARTED!

KILL THE BANK!

REMEMBER?

OUR FOUNDERS TOLD US THIS & WE HAVE BEEN WARNED OF THEIR USURY ROTHSCHILD EVIL!

HERE WE GO WORLD ! ! !!......BUT we have heard THESE threats from the TALKING HEADS many times BEFORE! THEY MUST FAIL! THEY STOLE THE "BAIL-OUT" MONEY! AND all this is PLANNED, just like EVERY bubble & burst MANY X's in OUR PAST! DONT BE SCARED! GRAB WHAT $ IS LEFT NOW AND KILL THE BANK! ANDREW JACKSON & WE ARE STILL FIGHTING THESE SAME beasts!

[plalelal]

Those without jobs, losing homes, families, etc. is happening now! It is a depression for those people! Open your eyes and heart and help someone in such a position.

[apatenau]

Keith Olberman sounded scared while talking about the protest in Wall Street.



[yedon68]

@apatenau ..Kieth Olberman is an asshole (the old fart )..anyway....!

[Iamkayaky]

Chris the sense of urgency in your voice is palpable.

But, you can't have it both ways: "wake up people" ... or "the people want a revolution".

Things still have to get a lot worse before they get better, and until then, NFL football, Basketball, Baseball, NHL Hockey.... the social distractions of the ancient roman colluseum:

You must measure your tirades, after all, you don't want to climax prematurely.

And plus, to be a leader of the masses, people still look for the reasoned response.

[greece400]

Thank you for keeping us informed. I love watching your videos!



[20WeAreThePeople11]

Nice! We will unite and we shall prevail. :)

[Movickrox]

This WAS America.

[cspace6257]

Order out of chaos

[purpurpledog8]

Chris, we have to admit that the resistance is going to have to eventually go underground. In fact, that day may not be far off. When they take down our internet, we are gonna have to meet secretly, communicate via ham radio or papers, just like in France during the Nazi days. Expect things to get REAL bad if the banks go under.

[popiggy17]

@purpurpledog8 What is "ham radio" ? I'll look iooking it up after this video.

[soapboxkid75]

Jail is too good for these _______, Rope, Hang the Bastards from the lamp posts.

[600trillion]

@soapboxkid75 someone needs to shoot these bankers in the fucking head. maybe a guy who's had his house taken away when it was fully paid for but he couldn't sue becaue the banks bought off the gov't with a petty 30 billion dollers.

[Tanarus20]

@soapboxkid75 Make sure the Ropes are "Made in America" lol

[silentmajor]

@soapboxkid75 for these scum

[Iceberge1971]

I support your efforts Chris. I fear however that the powers that be will eventually silence alternative media. They will argue it a threat to national security. What happens then?

[amazingwebb]

KEEP SPREADING THE WORD BROVA

[djspin1025]

I wish we were back in the 70's....

[TheEpoxyExpert]

Tim Geithtner is a ball sucker, mother fucking asshole, piece of shit etc..,

[PHONEYPOLITICS]

YOU NEED TO GET TO WALL STREET PEOPLE - VOTING RON PAUL AINT GOING TO BE ENOUGH

[dickstoyevsky]

@PHONEYPOLITICS I second this



[TheEmergingPattern]

The worst thing that can happen is inflation. No new car, no vacation to exotic countries, no expensive clothing, no new pc, no new furniture. Back to basic!

[purpurpledog8]

@TheEmergingPattern Possibly no food.

[TheEmergingPattern]

I want to sea the numbers if something like this is predicted. A coverup this big is not possible if no numbers can be shown.

[pattisimmons67]

@TheEmergingPattern That's OK honey, I'm sure you'll find JUST what you're looking for! Now( with a pat on your head) go drink yourkool-aid and take the blue pill. :o)

[commandorando123]

Your right

[drutter]

@commandorando123

What about his right?

[fortherichbytherich]

no bank runs it takes days to get any real money out and its your MONEY

[liderlider]

Revolution!!!! Banksters are killing us ...

[PWITcom]

damn this is unfair, a 5 year old kid has a open mind! how can you compare this? totally ridiculous... lmfao. Hey Putin will be next president of udssr. that will change everything :D

[AngelWynton]

when Nato stop with this war in Libya, and get there troops back out of Iraq then usa will make it...so impeach Obama..and get rit of cia.

[adrub]

Great vid...thanks! I think Timmy Geitner is doing what it takes to scare the politicians into taxing the people more by passing Obama's "stimulus" plan...or to convince Bernanke to do BOTH the "Twist" QE3. The only reason the dollar index hasn't fallen more is because we keep making the other currencies like Japan and the Euro worse...so in comparison, the dollar remains strong...how messed up is that? Make sure you have lots of clean underware stockpiled this week! It's going to get messy.

[greatwf]

 ¡Great!

[liderlider]

U.S. Government is Stockpiling Food In Anticipation Of A Major Economic Crisis .Wallstreet cannot stand up any longer ..Euro + dollar = Pure trash.

[liderlider]

Wallstreet is about to collapse completely ..A comet will hit the earth ( warning of the Virgin Mary in garabandal -Spain ) before WW3 . This is the final chapter of this corrupt world . This is called " APOCALYPSE"

[liderlider]

Elite Banking Cartels Going for Broke ..Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming .WW3 is coming .Financial armagedon soon

[cpgone]

Great stuff.

More money printing USD's , Euro's coming. Thats all they know.

Occupy Wall Street gets a small mention on CNBC-BS home page.

Celente was/is right.

[thetimman00]

From the beginning, the assumption has been to save the bank system first. Timmys job depends on that. Every move has been to save the banks. Politicians in US are all bought for 2 billion, cheap at twice the price. Vote Ron Paul in the primaries and we will find out who is behind the curtain, Toto-esk pulling on the curtain. They are ready for riots. They are ready with guns. They are ready with FEMA camps. They are in deep trouble because we are awakening. Their minions may even turn.

[abysmalw0rld]

These guys are heading underground. Congress on break, Denver visit all coincide with Comet Elenin Alignment on the 27th. Previous alignments with the Sun and Earth resulted in the Japan, New Zealand and Chile earthquakes. I guess this earthquake, perhaps with a twist of a dirty bomb will be the trigger for the economic collapse followed by massive printing and eventually the adoption of the IMF SDR. Everything seems to be in place. Hold on guys, here we go...

[dynomike1964]

Calm the fuck down . You are slipping into madness .

[jhi1947]

@dynomike1964 ROFFLOL!

[IronicallyVague]

@dynomike1964 - Are you even aware that you've been castrated?, because believe it or not it was only a few years ago that people cared enough about the Constitution to fight and die for it.

[chefshitpiece]

I didnt know he was Treasury Secretary. He bumped into me at the train station, and he was trying to sell me some oregeno....he said it was good shit. I told him to fuck off. Then he started downing a bottle a windex, and as he wiped his chin he sneered at me and said "Someday...Im gonna run this town". I gave a fin for some real booze and told him to piss off. Asshole!

[Stunrickrollownage]

Share this

[abysmalw0rld]

**1)

27 Febr. 2010 Chile Alignments Elenin – Earth – Sun Distance 6.042 AU Magnitude 8.8 EQ

04 Sept. 2010 New Zealand Alignments Elenin – Earth – Sun Distance 6.258 AU Magnitude 7.1 EQ

11 Mar. 2011 Japan Alignments Elenin – Earth – Sun Distance 2.155 AU Magnitude 9.0 EQ

27 Sept. 2011 Unknown Elenin – Earth – Sun – Mercury Distance 0.381 AU Magnitude ?.??

11 Oct. 2011 Unknown Elenin – Sun – Jupiter Distance 0.246 AU Magnitude ?.?

Never let a good crisis go to waste it seems…

[TheBgcheez]

And yet Moody's is still on their knees stimulating Mr. Purple Lips saying - yes the U.S. is AAA+.

[abysmalw0rld]

**2) If even at 2.155 AU and 6.042 AU the electromagnetic effects of these alignments cld cause earthquakes on the magnitude of 8.8 and 9.0 respectively, what possible damage cld a close proximity of 0.381 AU cause on the 27th of September? I think it will be massive so why not detonate a nuke at this time, and use it as the cover story for the cause of the earthquakes to brainwash the sheeple into submission. This is really amazing. Don’t put this past these crazies who want power at all cost.

[wesleytarbuck]

I would suggest you get a megaphone and go to wall street yourself, but i doubt you need the megaphone ! haha

[abysmalw0rld]

**3) Since destruction is coming on a massive scale to earth, why not exacerbate it with a dirty bomb and use it to kick off Operation Blackjack (WW3) and at the same time blame Homegrown Terrorists working with rogue governments as the perpetrators? Add the media spin to this and you can be almost certain that this will get the sheeple in line, fighting and policing each other.

Now, call that BLACKJACK!!!

Welcome to the NWO. Stay Alert

[LucasB1976]

Bunch of vampires sucking the life blood out of those that see the truth. Zombies going to work and happy with their lives are unconscious to the truth because they think they are the have's. Talk about fiction coming to reality.

[toppgunn2232]

hey Timmy i got a recliner for you here at the catastrophic risk party!by the way its a B.Y.O.C.R party!

[Everclearish]

It can't come at a better time. This winter is going to be a hard one in Utah if this happens but my family will be kept warm and fed.

[Bezz80]

"Catastrophic Risk"? For who? The people who are already broke or the greedy bankers and thier henchmen? Don't think the people can get much more into a catastrophic situation, but the "elite" losing all thier money doesn't sound all that catastrophic to the average person, but I can see they might see it as catastrophic. To bad little Timmy Geitner, welcome to the real world, the people are already here in "catastrophic risk" territory, join the party. Peace

[TheStriker40]

How much do the black hats pay you to spread all this propaganda?

[gambaownsus]

cgreen34, if its a controlled demolition by design, what's the end goal for them beside robbing and s tealing from the middle class. Could it be for a one world government which is gonan come after a major banking collapse with a WW3 on its way?

[jhardknox]

yep. expect insanity. it's the norm.

[MrStoneClark]

Well said Chris! Peace brother!

[NancyRedStar]

Chris~ I am convinced the Denver Underground Bunker/Elite retreat will coincide with the Stock Market Crash and Bank Holiday......

[LucasB1976]

@NancyRedStar Probably not, but one can hope.

[Everclearish]

I'm #1