A great read from the Silver Bear.
housing bubble held by Fannie and Freddy are soon to be liquidated. The current value is somewhere around $8 Trillion. The properties won't be sold though any type of auction where common folk can buy, but to investors that can spend a Billion at a time.
Real nice of the FED to liquidate US Taxpayer assets to the rich and exclude the people that really took it in the shorts. The $8 Trillion is not part of the Federal debt yet but I'll bet they will be tacking it on soon, during the liquidation process.
I am sure this won't be done until the election is over, Obama whats to preside over the currency crash. Good chance to appoint himself a life time position of POTUS.
Gold standard: because man can not be trusted to control his greed
I know plenty of people under the influence of psychotic drugs that have a great grasp of inflation reporting and monetary policy. :)
but, it is probably the psychotic drugs. :)
"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I know major allies who fund them" Gen. Dempsey
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