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Forum Post: CNBC Stand-In Reporter Admits Financial System Changeover: “They’re Going to Put the Old System In a Coma”!

Posted 2 years ago on Aug. 12, 2012, 3:43 a.m. EST by EndTheOligarchs (12)
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CNBC Stand-In Reporter Admits Financial System Changeover: “They’re Going to Put the Old System In a Coma”!

From the CNBC show Squawk Box – August 10, 2012

http://video.cnbc.com/gallery/?video=3000108212

This IS amazing! A stand-in finance reporter for CNBC, Kevin Ferry from Kronus Futures Management – after being told, bizarrely, by Squawk Box host Joe Kernen, twice, “whatever you do don’t screw this up” – has just disclosed that the current financial system and, importantly, the Libor, is about to be overhauled.

After saying that a Pandora’s Box is going to be opened up in the Libor area (in reference to the separate story posted below on the subpoenas now heading JP Morgan Chase’s way) Kevin Ferry told Joe Kernen – and the rest of us: “I think what they’re going to do, Joe, is basically put the old system in a coma, and work to devise something that’s a little bit better, and it’s going to be tricky.”

Essentially, he is saying that things are going to be seriously overhauled.

Separately, I have personally heard from several different sources in the past two day.

The 2012 scenario’s website

5 Comments

5 Comments


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[-] 2 points by ShowRealHist (60) 2 years ago

http://www.showrealhist.com/yTRIAL.html Think these histories will be shown?

[-] 2 points by Cocreator (306) 2 years ago

Citizens Arrest Committee, Citizens Audit Committee, Seize all Assets of criminal corporate and government Traitors..They are coordinating the systematic collapse so they can own everything and keep a few slaves to do the work..Put the elite and privileged government puppets to work, seize their assets and give it to the people, cancel the debt, bogus debt,bogus money, abolish the Federal Reserve, give ben bernanke a haircut, and tim geithner a straight jacket,replace the supreme court with real people not clonebots and borgs..Abolish the Forest Service, shills destroying our forests for the corporations..Get BP out of the Gulf..

[-] 1 points by EndTheOligarchs (12) 2 years ago

I hear you brother, I hear you!!

[-] 2 points by richardkentgates (3269) from Fort Walton Beach, FL 2 years ago

Nothing revolutionary about them doing their jobs and saving their own skin. This does nothing to close the wage gap or help workers retain the lions share of profits make from their labor. Fk libor and the replacement for it. Wall Street MUST GO!

[-] 2 points by gnomunny (6614) from St Louis, MO 2 years ago

I'm starting to believe the Fed must go as well.