“U.S. Treasury looks to hold more cash to deal with future crises”

Posted on August 8, 2014 by RonMamita — 4 Comments

Matt Rutherford

What does the U.S. Treasury know, or are preparing for, that they are not telling the public?
WHAT is so important about 10 days?

U.S. Treasury desperate to Raise Cash before Economic Collapse

(Reuters) – The U.S. Treasury wants to increase its daily cash holdings, a measure that would help Washington pay its bills during a crisis, a senior official said on Wednesday.
[…]
He [Treasury Assistant Secretary Matt Rutherford] said the measures would help public finances weather events like the Sept. 11, 2001 attacks or 2012’s Superstorm Sandy, both of which disrupted Wall Street trading. Washington borrows vast sums in weekly auctions to pay its bills.

Investors who met with Treasury officials on Tuesday urged the government to increase its daily cash holdings to around $500 billion. That would be enough to cover about 10 days worth of outlays.

A change in policy, however, would not buy the government any additional time if it runs into a legal limit on borrowing next year.

Read more: reuters.com
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About RonMamita

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Tagged with: banking crisis, cash, crisis, deception, distress, distrust, distrust government, dollar, financial crisis, government, government debt, government lies, lost treasure, lost trust, lost truth, monetary crisis, monetary policy, money, policy, public distrust, secrecy, Treasury, Treasury Assistant Secretary Matt Rutherford, treasury official, treasury officials, truth, truth seeker, U.S. Treasury, united states, united states treasury department, untrustworthy
Posted in Freedom-Expressed

4 comments on ““U.S. Treasury looks to hold more cash to deal with future crises””

RonMamita says:

August 8, 2014 at 7:01 am

Matthew S. Rutherford

The Office of Financial Markets is led by the Assistant Secretary of the Treasury for Financial Markets, currently Matthew S. Rutherford. Assistant Secretary …

The Office of Financial Market Policy (OFMP) helps formulate the Department of the Treasury’s policy on financial markets, including economic matters regarding, and the regulation of, government securities, credit, equity, and derivatives markets and their structures and participants.
[…]
Office of Government Financial Policy (OGFP) provides analyses of agency and legislative proposals related to Government borrowing, lending, and investment activities and performs actuarial and mathematical analyses and computations as required, for Treasury market financing and other Government agencies. OGFP also develops policy for and manages the operations of the Federal Financing Bank.

Read more: https://en.wikipedia.org/wiki/Office_of_Financial_Markets_%28U.S.%29

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RonMamita says:

August 8, 2014 at 7:11 am

Is A BIG Event Imminent?

Of course with this many things going on, so many covert operations, so much propaganda and disinformation, Psyops, hidden agendas, and so many actors involved it is hard to say. But something definitely is going on.
Currency Reset?

See:
https://ronmamita.wordpress.com/2014/08/06/is-a-big-event-imminent/
And
https://ronmamita.wordpress.com/2014/03/07/beware-economic-currency-reset-requires-emergency/

Perhaps The Treasury Dept Is Nervous, and For Good Reason!

The Crash Course – Chapter 8 – Money Creation – The Fed

The Treasury Dept. is poor and lives “hand to mouth”… “rarely having more than a couple of weeks of cash on hand, if even that.”
Does this sudden policy change mean that the Treasury is nervous about relying on the FEDERAL RESERVE’s ability to buy their bonds?

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RonMamita says:

August 10, 2014 at 12:40 am

General Fund of the Treasury

I missed this report and now have found this and think it is connected to the “cash grab” by the Treasury:

The Transportation Security Agency (TSA) is hiking up their September 11 Security Fee (SSF) charged to passengers on all US flights.

Congress approved this fee hike “to help reduce the deficit”. It is claimed by the TSA that this increase will “generate $16.9 billion” … for whom it is unclear.

David Castelveter, spokesperson for the TSA explained : “In accordance with federal law, the revenue generated from the security fee will be deposited in the general fund of the Treasury. The revenue is to be used to offset TSA costs for providing civil aviation security services, after stipulated amounts are applied to reduction of the federal deficit.”

TSA “extortion” fees are now raised to:

• One way cost $5.60
• Round trip cost $11.20

This 124% increase is automatically added to the cost of airfare.

Read More: http://www.occupycorporatism.com/home/5-examples-tsa-ruined-airport-travel/

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- RonMamita says:
  
  August 10, 2014 at 1:18 am
  
  If the U.S. Dollar’s role as World reserve currency is lost then is 10 days of cash enough for the U.S. government to transition to a post global Dollar economy?
  Many people write about past empires collapsing when the inflation and capital controls fail…
  See: http://peoplestrusttoronto.wordpress.com/2014/08/09/when-the-money-runs-out-so-does-the-empire/
  
  When The Money Runs Out… So Does The Empire
  
  Submitted by Bill Bonner via Acting-Man blog: http://ift.tt/1sF7XIu
  via: http://peoplestrusttoronto.wordpress.com/2014/08/09/when-the-money-runs-out-so-does-the-empire/
  
  In 2006, we wrote a book with Addison Wiggin called Empire of Debt: The Rise of an Epic Financial Crisis. The idea of the book was as follows:
  
  Empires are not the result of conscious thought; they happen when a group is large enough and powerful enough to impose itself on others. But empires are expensive. They are typically financed by theft and forced tribute. The imperial power conquers… steals… and then requires that its subjects pay “taxes” so that it can protect them.
  
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