Ex-White House Official – Tragedy, Chaos & Human Suffering

Wednesday, August 27, 2014
By Paul Martin

KingWorldNews.com
August 27, 2014

Today King World News interviewed the former White House official who was Special Assistant to the President of the United States for Economic Policy and a former member of the U.S. President’s Working Group on Financial Markets, also known as the Plunge Protection Team, or PPT. While in the White House, Dr. Philippa “Pippa” Malmgren served as financial market advisor in the White House and functioned as the direct liaison between the White House and the Federal Reserve.

Dr. Malmgren formerly headed the Global Asset Management business for Bankers Trust in Asia, out of Hong Kong, and was also Chief Currency Strategist for Bankers Trust Company, and former Head of Global Investment Strategy at UBS. Dr. Malmgren was also a senior consultant to Deutsche Bank, and currently advises the largest sovereign wealth funds, hedge funds, and pension funds in the world.

Dr. Malmgren: “If you look at the data, things like airline ticket prices are going up by 2.7 percent versus the official inflation rate of below 2 percent. If you look at things like what hotels are charging for a stay, they are adding all these new fees such as $2 to store your luggage for the day, or other small fees such as $1.60 if you want to use the in-room safe.

If you put stuff in your own minibar they will charge you as much as $27 a day for that. If you want to print your boarding pass that could be as much as a $10 transaction. Also, if you want to skip the check-in line that fee would be $25. And to actually restock the minibar is an 18 percent administrative fee….

The Rest…HERE

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