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Dogbert
6 Comments
Read Between Bernanke's Lines: Things Are Going To Get Worse
The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Many Congressmen and Presidents say this is fraud. Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed: 1. Rothschild Bank of London 2. Warburg Bank of Hamburg 3. Rothschild Bank of Berlin 4. Lehman Brothers of New York 5. Lazard Brothers of Paris 6. Kuhn Loeb Bank of New York 7. Israel Moses Seif Banks of Italy 8. Goldman, Sachs of New York 9. Warburg Bank of Amsterdam 10. JP Morgan Chase Bank of New York.
These bankers are connected to London Banking Houses which ultimately control the FED.
Home Price Decline Hits New Record
Top 10 U.S. Housing Markets Expected to Drop Composite 8% in 2008
Paulson Media Blitz on Mortgage Backed Securities
FRANKFURT (AFP) German bank IKB said Tuesday it has drawn the " personal consequences" of its excessive exposure to the US market for high-risk home loans, with the departure of two directors and a retroactive slashing of its 2006/2007 results. Markus Guthoff, a board member in charge of real-estate management, and Frank Braunsfeld, head of risk management, will leave the bank effective immediately a statement said. IKB, which lends to small and medium sized businesses, was saved from bankruptcy in August when KfW bank, the government's financial arm, gave it a line of credit worth 8.1 billion euros and other German banks agreed to add another 3.5 billion if needed.
Surprise! Housing Down, Inflation Up
FRANKFURT (AFP) German bank IKB said Tuesday it has drawn the " personal consequences" of its excessive exposure to the US market for high-risk home loans, with the departure of two directors and a retroactive slashing of its 2006/2007 results. Markus Guthoff, a board member in charge of real-estate management, and Frank Braunsfeld, head of risk management, will leave the bank effective immediately a statement said. IKB, which lends to small and medium sized businesses, was saved from bankruptcy in August when KfW bank, the government's financial arm, gave it a line of credit worth 8.1 billion euros and other German banks agreed to add another 3.5 billion if needed.
Continuation of Negative Annual Returns in Housing