Word begins to filter out from a meeting between Bernanke and Republican congressional leaders regarding Europe. Senator Graham: Bernanke told the group the Fed has neither the intention nor the authority to bail out EU banks or states. Senator DeMint: He's satisfied the Fed will not be providing any funding to the IMF. (DeMint previously) [View news story]
Bernanke already bailed out the EU banks in 2008 - 2009. Don't see why he wouldn't do it again...
But robbing Americans to pay his international banking associates should be illegal.
Wake up Congress. Wake up Senate. Are you sleeping or just turning a blind eye?
Former top Fed official Donald Kohn tells WSJ's Jon Hilsenrath he expects the Fed to give "very serious consideration" to a new round of bond purchases if it determines after the Aug. 9 FOMC meeting that the recovery is really losing steam and if inflation is coming down. Kohn, Vincent Reinhart and Brian Madigan put the risk of a new recession at 20%-40%. [View news story]
QE1 was to recapitalize U.S. Banks. QE2 was to recapitalize Foreign Banks.
Maybe with QE3, the global banking cartel will throw the average American debt slave some cash. After all, they need to keep the debt slaves in good enough shape to keep producing.
The Fed's Fight With Inflation and Deflation [View article]
"Deflation with a decreasing value of the dollar is an interesting concept." -- yes, it's an interesting new concept called "the falling standard of living".
Courtesy of the bankers with their 'free trade' agenda and their compliant stooges in Congress.
The Fed's Fight With Inflation and Deflation [View article]
The travesty is that the bankers created a housing bubble that trapped millions of Americans into debt slavery via 30 year mortgages on unsustainable pumped-up real estate prices.
Real estate value is down $7 Trillion while mortgage debt obligations have barely moved.
The bankers knew exactly how to put the final squeeze on the USA as their 'free trade' agenda opened up new debt frontiers in Asia.
Back to Our Regularly Scheduled Housing Crash [View article]
The numbers might seem wrong because they are adjusted for inflation so that you can compare income and housing prices in constant dollar terms. My guess is that they are adjusted to 2008 $. For example -- nominal median income in 1975 was probably a lot lower than $42K back then, but adjusted for inflation from 1975 to 2008 it is the real equivalent of $42K in 2008 dollars.
Another Perfect Storm Brewing for Markets and the Economy [View article]
Right, the global banksters have done a great job of wresting control of our government to enrich themselves and serve their interests.
Read up on:
- the Rothschilds original bankers to global governments
- Siegmund Warburg father of 'Globalization' and the London based zionist movement that gave birth to Israel in 1948
- Paul Warburg founder of the Federal Reserve Bank in the USA -- which is not 'federal' but rather is owned by the global international banking cartels
They have enslaved us to work and pay them interest for our lifetime - via intentionally inflated property prices and 30 year mortgages.
They control our government with their pro-Banking pro-Israel pro-Globalist lobbies. They control our thinking through 'news' / media. And they use our money and our children as cannon fodder for their wars for Israel.
The truth may be hard to bear. But it's still the truth.
Mortgage-Title Fraud: A National Catastrophe [View article]
I like how Chase and BoA blew the whistle on the industry. THEN the AG's stepped in and suspended ALL foreclosures.
Just another way for the big players to squeeze the little banks and credit unions and prevent them from legitimate foreclosures that will keep driving down prices.
Make no mistake... the banks will eventually get paid one way or another. Our government is in their back pocket (all parties).
This is only a reprieve because they need it to support prices.
I'm still waiting for them to declare 29.99% interest rates illegal... won't happen... unless the banks decide it is to their benefit.
Chase & BoA stopped foreclosures because anymore foreclosures would absolutley cave housing.
It is already down 50% in my area. If values drop more... so many more people would be under water and so many more people would walk away. There are no buyers for the inventory. Prices could fall to zero and there would still be excess inventory. People don't even want the oevrhead.
Harry Dent's Outlook on Demographics, Debt and Deflation [View article]
"The maximum misery is always brought to the broadest cross section of societies by the implementation of extreme socialism, e.g., old Soviet Union, not by capitalistic wealth creation..."
But the Frankenstein Crony Capitalism in place today grossly distorts real capitalist market dynamics to the benefit of the power elite that control our government to serve their interests (ala the incestuous relationship between Goldman and the US Treasury).
One can imagine that the destruction and misery that will eventually result from the collapse of their Fiat Currency ponzi scheme will far exceed the collapse of Soviet socialism. We have so much further to fall.
"The government responded by largely targeting the banking sector based on the belief that fixing the banks would fix Main Street."
Great article. But with all due respect, I would differ on this point.
I believe the government responded by largely targeting the banking sector because collapse of the banking sector would have ushered in the collapse of fractional reserve banking and the fiat currency Ponzi scheme.
The international banking cartels that orchestrated the banking rescue via their high government positions and cronies in office had absolutley ZERO interest in helping Mainstreet.
Their only interest is in maintaining the system they have designed to fleece Mainstreet.
Rick's Cabaret: Still Needing to Regroup [View article]
Hmmm, maybe the whore mongers that frequent these places have eased up on their whore spending so they can do a better job feeding the bastard children they have abandoned all over the country. Social blight at its finest.
And I love how they try to paint these places as epicenters of class and culure. The only thing sicker is seeing loser 'gentlemen' has-beens getting their ego stoked by dropping bills around teenagers.
Try as you might to perfume the cesspool, it's still a cesspool.
Word begins to filter out from a meeting between Bernanke and Republican congressional leaders regarding Europe. Senator Graham: Bernanke told the group the Fed has neither the intention nor the authority to bail out EU banks or states. Senator DeMint: He's satisfied the Fed will not be providing any funding to the IMF. (DeMint previously) [View news story]
But robbing Americans to pay his international banking associates should be illegal.
Wake up Congress. Wake up Senate. Are you sleeping or just turning a blind eye?
Former top Fed official Donald Kohn tells WSJ's Jon Hilsenrath he expects the Fed to give "very serious consideration" to a new round of bond purchases if it determines after the Aug. 9 FOMC meeting that the recovery is really losing steam and if inflation is coming down. Kohn, Vincent Reinhart and Brian Madigan put the risk of a new recession at 20%-40%. [View news story]
Maybe with QE3, the global banking cartel will throw the average American debt slave some cash. After all, they need to keep the debt slaves in good enough shape to keep producing.
4 Megatrends Hidden by Headlines [View article]
The Fed's Fight With Inflation and Deflation [View article]
Courtesy of the bankers with their 'free trade' agenda and their compliant stooges in Congress.
The Fed's Fight With Inflation and Deflation [View article]
Real estate value is down $7 Trillion while mortgage debt obligations have barely moved.
The bankers knew exactly how to put the final squeeze on the USA as their 'free trade' agenda opened up new debt frontiers in Asia.
Nobel Energy Announces Gas Find in Israel [View article]
Do the Palestinians still have houses? I thought Israel had disposessed them of all their homes, villages, and property by now...
Back to Our Regularly Scheduled Housing Crash [View article]
Another Perfect Storm Brewing for Markets and the Economy [View article]
Read up on:
- the Rothschilds original bankers to global governments
- Siegmund Warburg father of 'Globalization' and the London based zionist movement that gave birth to Israel in 1948
- Paul Warburg founder of the Federal Reserve Bank in the USA -- which is not 'federal' but rather is owned by the global international banking cartels
They have enslaved us to work and pay them interest for our lifetime - via intentionally inflated property prices and 30 year mortgages.
They control our government with their pro-Banking pro-Israel pro-Globalist lobbies. They control our thinking through 'news' / media. And they use our money and our children as cannon fodder for their wars for Israel.
The truth may be hard to bear. But it's still the truth.
Mortgage-Title Fraud: A National Catastrophe [View article]
Just another way for the big players to squeeze the little banks and credit unions and prevent them from legitimate foreclosures that will keep driving down prices.
Make no mistake... the banks will eventually get paid one way or another. Our government is in their back pocket (all parties).
This is only a reprieve because they need it to support prices.
I'm still waiting for them to declare 29.99% interest rates illegal... won't happen... unless the banks decide it is to their benefit.
Mortgage-Title Fraud: A National Catastrophe [View article]
www.mymoneyblog.com/im...
Mortgage-Title Fraud: A National Catastrophe [View article]
Chase & BoA are not suddenly altruistic. They stopped foreclosures because any more foreclosures would absolutley cave housing.
It is already down 50% in my area.
If values drop more... so many more people would be under water and so many more people would walk away.
There are no buyers for the inventory. Prices could fall to zero and there would still be excess inventory. People don't even want the oevrhead.
Bank of America's (BAC) nationwide halt to foreclosure proceedings takes effect tomorrow and won't be lifted until the bank has assessed all documentation. [View news story]
Chase & BoA stopped foreclosures because anymore foreclosures would absolutley cave housing.
It is already down 50% in my area. If values drop more... so many more people would be under water and so many more people would walk away. There are no buyers for the inventory. Prices could fall to zero and there would still be excess inventory. People don't even want the oevrhead.
Harry Dent's Outlook on Demographics, Debt and Deflation [View article]
But the Frankenstein Crony Capitalism in place today grossly distorts real capitalist market dynamics to the benefit of the power elite that control our government to serve their interests (ala the incestuous relationship between Goldman and the US Treasury).
One can imagine that the destruction and misery that will eventually result from the collapse of their Fiat Currency ponzi scheme will far exceed the collapse of Soviet socialism. We have so much further to fall.
The Deteriorating Macro Picture [View article]
Great article. But with all due respect, I would differ on this point.
I believe the government responded by largely targeting the banking sector because collapse of the banking sector would have ushered in the collapse of fractional reserve banking and the fiat currency Ponzi scheme.
The international banking cartels that orchestrated the banking rescue via their high government positions and cronies in office had absolutley ZERO interest in helping Mainstreet.
Their only interest is in maintaining the system they have designed to fleece Mainstreet.
Rick's Cabaret: Still Needing to Regroup [View article]
And I love how they try to paint these places as epicenters of class and culure. The only thing sicker is seeing loser 'gentlemen' has-beens getting their ego stoked by dropping bills around teenagers.
Try as you might to perfume the cesspool, it's still a cesspool.