It is currently Fri Jul 25, 2014 6:09 am

All times are UTC - 4 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: Trouble in Hedgistan: “Its gonna get a lot worse”
PostPosted: Wed Jul 25, 2007 12:59 am 
Offline
SuperMember!
SuperMember!
User avatar

Joined: Thu Oct 13, 2005 12:50 am
Posts: 1456
Location: Ct.
Quote:
Now that foreclosures are mushrooming at an unprecedented pace, the Fed is trying to distance itself from the problem by blaming the banks for their shoddy underwriting practices. But the guilt lies with the Central Bank. Its all part of their whacko plan to crush the dollar and create a police state.

It may sound trite, but “inflation is theft”. Unfortunately, inflation is also part of the ruling class’ strategy to rob the poor, fuel the stock market with cheap credit, and move jobs overseas. It is the autocrat’s method of “social engineering”---shifting wealth from one class to another by simply printing more money and pumping it through the system via low interest rates. Remember, bankers know that people will ALWAYS borrow money if lending standards are relaxed and the money is cheap enough. At 1%, the Fed was basically losing money on every transaction, but persisted with their plan anyway.


http://www.informationclearinghouse.info/article18051.htm[/quote]

_________________
CrimsonEagle
The war to end all wars can only be fought on the front-lines of the mind.

The greatest deception they have perpetrated is that we need them. Our greatest mistake is that we believe them.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 4 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
Blue Moon by Trent © 2007
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group