C.O.G. STANDS FOR "CONTINUITY OF GOVERNMENT" AND IS ASUPER-HIGH-SECURITY, UNDERGROUND MILITARY INSTALLATION DESIGNED AS A SANCTUARY FOR GOVERNMENT IF THE U.S. IS HIT WITH NUKES OR SUFFERS OTHER CATASTROPHIC DISASTER

(The Federal Reserve is a private corporation, so what is a private corporation doing hiding in government hidey holes??? - Harvey)

Why would the Fed Board of Governors decide to meet in such a place unless they KNOW something terribly huge is going to happen to the United States next month? This information on top of the stories below are unmistakable signals to us that something terrible is going to happen and the big shots already know it. . . . . .

Please spread the information on this web page along to every American so as many as possible know in advance that any "disaster" or "terrorist attack" or "economic collapse" was no suprise to our government. They clearly know something is going to happen and they are apparently going to let it happen.

We may be forced to grab-up members of the Federal Reserve Board of Governors BEFORE they get into the COG so they can be properly"dealt with" when whatever happens, happens. The only reason they would head into the COG is to hide from angry Americans.

My advice to the government and to the Bankers is simple: Come clean now. Tell us the truth, the whole truth and nothng but the truth right now, BEFORE disaster strikes so we can make rational decisions, make rational plans and get through it as smoothly as possible - even if there's no way to avoid it. HOWEVER, if you conceal what seems to be coming and you allow it to blind-side us, there won't be any place for any of you to hide. We will hunt you down and deal with you for concealing the truth and thus harming us worse.
(George Bush Senior once said that if the American people knew what the Bush family has done to America, they would hunt down every member of the Bush family and hang them from light poles. - Harvey)

More info as it becomes available. . . .
Proof of FRBOG meeting location
Comments on off-site comment area (16)

Published 24 Aug 2007 updated 1253 HRS EDT
THEY DID IT AGAIN. . . . ANOTHER HUGE SALE OF OPTION CONTRACTS ON $4.5 BILLION WORTH OF STOCKS BETTING THE MARKET WILL LOSE 30%-50% OF ITS VALUE IN FOUR WEEKS!

THIS SALE ON THE SPY.X AND THE ONE FROM YESTERDAY ON THE SPY.Y
(MENTIONED TWO STORIES BELOW) ARE BEING REFERRED-TO BY FOLKS IN THE MARKET AS "BIN LADEN TRADES" BECAUSE ONLY AN ACT OF TERRORISM AKIN TO 9-11 (WITHIN THE NEXT FOUR WEEKS) COULD MAKE THESE OPTIONS VALUABLE.

There are 65,000 contracts @ $750.00 for the SPX 700 calls for open interest. That controls 6.5 million shares at $750 = $4.5 Billion. Not a single trade. But quite a bit of $$ on a contract that is 700 points away from current value. No one would buy that deep "in the money" calls. No reason to. So if they were sold looks like someone betting on massive dislocation. Lots of very strange option activity that I haven't seen before.

The entity orindividual offering these sales can only make money if the market drops 30%-50% within the next four weeks. If the market does not drop, the entity or invidual involved stands to lose over $1 billion just for engaging in these contracts! Clearly, someone knows something big is going to happen BEFORE the options expire on Sept. 21.

THEORIES:
The following theories are being discussed widely within the stock and options markets today regarding the enormous and very unusual activity reported above and two stories below. Those theories are:
1) A massive terrorist attack is going to take place before Sept. 21 to tank the markets, OR;

2) China, reeling over losing $10 Billion in bad loans to the
sub-prime mortgage collapse presently taking place, is going to dump US currency and tank all of Capitalism with a Communist financial revolution.

Either scenario is bad and the clock is ticking. The drop-dead date of these contracts is September 21.Whatever is going to happen MUST take place between now and then or the folks involved in these contracts will lose over $1 billion for having engaged in this activity.

(The Federal Reserve is scheduled to die on or before Sept. 19, so maybe that has something to d with this action??? - Harvey)

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They will be scrutinizing any remarks made on Friday by the Fed chairman, Ben S. Bernanke, at the annual symposium of the Federal Reserve Bank of Kansas City, Mo., in Jackson Hole, Wyo., which continues Saturday.

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He said the ,Fed's annual late-August gathering at Jackson Hole, Wyo. could provide an opportunity for policy makers agree on a policy approach for the September Fed meeting. During the 1998 financial markets crisis, "that was when they put together a strategy, because they all are there together for a period of time.
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The market will also eagerly follow Fed Chairman Ben Bernanke's speech on housing and monetary policy next Friday at the Fed's meeting in Jackson Hole, Wyo.

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[URL="http://www.thestreet.com/s/linkfest-the-week-ahead/newsanalysis/investing/10376421.html?puc=_googlen&?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA"]The Federal Reserve has its economic symposium in Jackson Hole, Wyo. The keynote speech is by Fed Chairman Ben Bernanke on "Housing and Monetary Policy." [/URL]No word on whether the Fed will be discussing the credit crunch.
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mAnother significant event for markets comes at the end of the week, when central bankers from around the world gather in Jackson Hole, Wyo., for the Kansas City Fed's annual symposiu, which this year focuses on housing, housing finance and monetary policy.

Speaking of the credit markets, The Wall Street Journal quotes Jack Ablin of Harris Private Bank as to what we can hope for this week: "No news is good news on that front." That sounds just about right.

There are quite a few notable economic reports this week:



On Monday, we hear from the ever-optimistic National Association of Realtors on U.S. home resales for July. (June was down 11.4% year over year.)

Tuesday, we hear from the Conference Board on its consumer confidence index. Last month, the index surprisingly jumped to 112.6 in July from 105.3 in June. The consensus forecast for August is for a slip back down toward 105.0.

The release of the Aug. 7 FOMC Minutes at 2:00 p.m. EDT on Tuesday is likely to have little effect on the markets, as events have overtaken whatever was said way back then. (Was it only 3 weeks ago? It seems like forever!)

Thursday, we get the first revision on second-quarter GDP. This is already old news, and unless this second report of the quarter's economic activity is radically different from the July 27 advance report, it should be a nonevent.

On Friday, we get personal income and consumption. Last quarter, spending weakness was in durables and motor vehicles.

NAPM and factory orders are also Friday.

Finally, there's the University of Michigan's consumer sentiment survey Friday.