America, The Next Banana Republic America will become a great nation again when We The People grow a set and admit that we have been duped, abused and used like pawns on a chessboard… when liberals and conservatives alike finally admit that “their guys”are no different from the other on the REAL issues confronting our nation
QE Unlimited is being done through mortgage backed securities, yep folks the Federal Reserve now owns your mortgage, and it’s private…this little fact should make people shit their pants but the media spins it so badly nobody will know until it’s too late…oh wait, it’s already too late…and the QE3 was dealed off btw the FED and the BigBanks before, so the FED prints 45$ billion out of thin air,buys the mortgages from the banks, the banks therefore buys with that money the t-bills,so the goverment still can pay the interest rates.But the FED put this mortgages on the derivates market with a ratio of 9, so they get 360 Billion Dollars.That means some Investors from China may own your house for instant. Hyperinflation will break down the derivates market.Buy gold and silver!
Paul Craig Roberts
Paul Craig Roberts [ email him ] was Assistant Secretary of the Treasury during President Reagan's first term. He was Associate Editor of the Wall Street Journal . He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand. He is the author of Supply-Side Revolution : An Insider's Account of Policymaking in Washington ; Alienation and the Soviet Economy and Meltdown: Inside the Soviet Economy , and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions : How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice . Click here for Peter Brimelow's Forbes Magazine interview with Roberts about the recent epidemic of prosecutorial misconduct.
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