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Gary A
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I am retired from Fresno County. I like to blog and comment on financial matters. I knew of the housing bubble in late 2005, way before Cramer. I believe that the central banking establishment set up excessive and damaging credit vehicles both for investors and for borrowers. Investors were... More
My company:
Strategic Default Grows in Popularity
My blog:
Gary Anderson Business Insider Contributor
My book:
Ponzi Housing Scheme for the 21st Century
  • Senator Schumer Blaming China Is Sour Grapes 0 comments
    Nov 19, 2009 12:14 PM
    Senator Schumer blames China for our decline. Yet the real issue is burying Chinese consumers in Wall Street credit cards. Schumer wants to export debt. The same debt that hurts the United States and our consumers is to Schumer, a good thing for the Chinese.

    We are like General Motors. We went into a new world economy very over leveraged. We are at fault for that. It didn't help that ponzi lending came from Schumer's home state. What about that Chuck? What about all the CDO's that foreign countries bought that were supposed to be AAA? What state did those come from Chuck?

    If Schumer thinks that China will be threatened, then he will be surprised when China starts massively selling our treasuries. Be careful what you wish for Chuck!


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  • Erin Burnett is a member of the Council on Foreign Relations. She is a minion of the central banker cartel. #rt
    Apr 30, 2011
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