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Don't forget to tune in to the details at www.vigilantinvestor.com
Over an out! |
...There'd be a Revolution overnight. |
Perhaps that's why Henry Ford said back in the 1920s, if the people truly understood the nature of banking in the U.S..... |
If you or I do that, there's a special name for it and a cell waiting for us when they catch us... But that's Fractional Reserve Banking |
That's the problem with fixing the price of money, which is all the Fed does, and allowing Wall Street to profit from printing money. |
Hence, housing, etc., represents perhaps the greatest clustering of economic errors in the history of the United States... |
Low interest rates expanded credit and money supply... Everyone mistook this for economic growth, and acted accordingly. |
This ain't no liquidity problem, although that's clearly symptomatic. This is an insolvency problem. |
As such, the government / the Fed will never give up attempting to forestall the inevitable, but they simply don't have that ability. |
Try as they might, its only papering over the deeper economic issues -- structural imbalances created by too much money printing! |
There's a general sense that the Fed is pulling out the stops to avoid a complete financial collapse... |
The Fed only used to accept Treasury securities as collateral... now it accepts junk that can't find a price in the open market..... |
Things are so messy, folks can't tell rumor from truth... http://www.iht.com/articles... -- |
Well, the Fed is up to its old tricks.... And rapidly consuming its dry powder... with a $ trillions in mortgages still in limbo! |
Ron Paul -- finally someone who knows what's going on with the Fed and the demise of the dollar! [CSPAN 3 Live Now] |
[Commentary on House Financial Services Hearing about Mortgage Crisis] |
Spencer Bachus now on... who says they're already on the job. Hear that voters? Help is on the way... |
Great Start Barny... So up until now you've failed to monitor the Fed and by doing so enabled the housing bubble and mortgage crash? |
OK... Barney Frank is offering to regulate everything better to fix the system. Well what the heck have you guys been doing to allow this? |
cpsan.com go to cspan 3 for House Banking Committee -- Bernanke and Paulson on the hot seat |
