armstrongeconomics.com / by Martin Armstrong / Nov 28, 2016
The major bonus to Hillary losing the elections is that Larry Summers will not be the chief economic adviser. Larry Summers is Hillary’s top choice for Fed Chairman and he Chief Economic Adviser in the White House. Treasury Secretary, was a position he held under Bill Clinton in the 90s, but that was going to go to Laurence Douglas “Larry” Fink the chairman and chief executive officer of BlackRock who is the largest asset management firm in the world, controlling $4.6 trillion in investor funds. That’s about a trillion dollars more than the annual federal budget, and five times the assets of Goldman Sachs. Fink’s ties to Hillary are extensive. He even hired Cheryl Mills, Hillary’s notorious legal adviser, on the Board of Blackrock in 2013. Fink would then get to cash out of Blackrock TAX FREE, as did Robert Rubin and Hank Paulson of Goldman Sachs.
Larry Summers is the father of NEGATIVE interest rates. He is absolutely perhaps one of the most dangerous men on the chess board up there with Dick Cheney. A speech delivered by Larry Summers at the IMF Research Conference on Nov. 8, 2013 has caused a real stir and is being hailed as brilliant, succinct, and a ground-breaking presentation that explained what many say is the most pressing economic matter of our time.