John Williams (shadowstats.com) describes the present crisis as a Monetary Inflation that can only get worse, leading to a Great Depression.
To get hold of the big picture, think that last week the U.S. House of Representatives cleared H.R. 6312, the Credit Union, Bank and Thrift Regulatory Relief Act of 2008, INCREASING LIMITS on commercial real estate loans, from 400% (of the Federal savings association's capital) to 500%.
Got ,000?, spend 0,000 (400%). No, wait, spend 0,000 (500%).
Q. Why would sane congressmen want to throw more fuel on the fire (ie: increasing the aggregate amount of loans)?
A. Because they are working for the Federal racket: Democrats and Republicans.
10-year treasuries yield only a little over 4%, yet the Federal Reserve is lending money at 2% (the interest rate that banks charge each other) to cover a 10% return; the interest rate needed for real estate loans to make it in 40 years.
There's a walloping 8% gap, who's paying for the party?...you guessed right, "is US Inflation at 8%?", it sure is!
http://www.eurointelligence.com/Article.620+M511cc9de714.0.html
The U.S. economy continues to grow, but 70% of that growth is fueled by consumer spending, Americans are leveraging their houses as Inflation eats up all wages and we enter stage two of the American mortgage collapse.
http://www.doctorhousingbubble.com/?p=604
Video Rating: 5 / 5
Haji Dontsurf says
You drive a Vette and you couldn’t get a height waiver to get in the
military. I bet your dick is about 4 inches. And what the fuck is with you
and “fodder”. Shut the fuck up. I had to look that up in the dictionary and
it basically means cattle feed. You are horrible at insults.
Haji Dontsurf says
How bout I come up to Ohio or whatever fucked up yankee state you inhabit
and finish this discussion. If you ever pass through Tulsa make sure you
email me so we can meet up and you can rant your bullshit to my face bitch.
Haji Dontsurf says
And by the way, WHY THE FUCK WOULD I GAVE A SHIT ABOUT HENRY KISSENGER and
WHAT HE THINKS ABOUT THE MILITARY. What the fuck? Go hang yourself you dick
sucker.
housechores says
The mans right. The stock market has a long way to go down. The crisis is
world wide. Buy inverse ETFs, especially SKF.
Haji Dontsurf says
@Hroark7 Ok fag. So you read “The Rising Tide” and “A Homage to Catalonia”
and now you are a fucking war expert. I know your type. You probably
couldn’t get in the military cause you are a fucking pussy so you can only
read about it and take out your frustration on youtube. Do the world a
favor and go drive your little bitch Mitsubishi Eclipse into a lake and
drown.
Haji Dontsurf says
@Hroark7 Go fuck yourself and die. I read all your post fucker. You are the
one who is angry. You spend way too much time on this site and others
living an illusion that you are better than everyone else and being a dick.
Tomorrow you will still be a corvette driving limp dick who regrets his
life and hates his retarded parents for passing on to him less than
desireable genetics. So one last time Fuck You! email me next time you are
in “Tusa” you apple turnover and i’ll tie you in a knot.
Haji Dontsurf says
I bet you’re a fucking Frenchmen. The US developed the means for mass prod.
to put the current 600M passenger autos on the road and gave Saudi Arabia
the means to pump oil out of the ground, in return those cool-whips have to
trade in the USD and buy up the debt we accumulate for our military, health
care, and whatever else we want to splurge on. Don’t like the way the world
works? Move to the moon, but don’t get there buy means of any tech or hard
work that “Fat-Assed” Americans developed.
Haji Dontsurf says
@Hroark7 There are over 66,000 American Soldiers burried in France that
died for those ungrateful reprobates. If they all read your last post and
rolled over in their graves at the same time it would cause an earthquake.
Haji Dontsurf says
@Hroark7 Our economy is still strong here idiot. Its based on oil and
indurstry unlike our neighbors on the east and west coast. I think you are
full of shit. And you are the one who keeps bringing up the military. I
wasn’t brainwashed asshole. Everyone knows that Iraq wasn’t over terrorism.
I”m not arguing that you fuck head.
uneekflower says
Now we know why the white house press secretary refuses to answer any
questions about the dollar. The Federal reserve are fucked up fucking
fucked fucktards.
wtfbroskie says
yup, and all i have to say is. Americans, living in a dream world…
PotSmokinFoo says
Food and Lead
Haji Dontsurf says
@Hroark7 Are you fucking serious? I had to go back and figure out what the
fuck you are talking about because that comment was a year ago. Did you
just bring up shit from the American Revolution? Have you ever heard of
WW1, WW2, or the Vietnam Conflict?
Haji Dontsurf says
@Hroark7 Oh thanks for the profile dick. Actually I’m an Iraq veteran and
thats part of the reason I’m so bitter about the french and their food for
oil program. And I never said anything aboiut the Federal Reserve. Berneke
is the anti-Christ in my opinion. So go fuck yourself you fucking piece of
shit.
wtfbroskie says
the federal reserve is criminal, anyone who doesnt see that is greatly
misinformed
uneekflower says
Sure sure…. stop publishing the M3 report and try to hide your face;
however, the American fat ass can not be concealed. Without a manufacturing
capacity, the only thing the Americans have to export is fake confidence in
the dollar. Because oil is traded in dollars, if America wants oil to fuel
its country, all it has to do is print up more money, but other countries
must actually sell products in order to get the dollars to buy oil. Dump
dollars and make fat-assed America earn their oil.