USA Federal Reserve Bank The Federal Reserve Act - passed by 3 (THREE) senators in a unanimous voice vote on 23 December 1913 - while everyone else was home for the holidays. Some people think of the Federal Reserve Banks as United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a missalocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts. From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble, to the housing market crisis, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy.
Peter Schiff sees socialization of United States bubble economy will sink the Federal Reserve Note. US mortgage giants Fannie Mae and Freddie Mac are facing growing pressure as fears intensify about a potential calamity at the firms, which underpin trillions of dollars in home loans. Together they own or guarantee some US$5.2 trillion in loans, or about 40 per cent of the total value of home loans in the United States. Peter Schiff at Euro Pacific Capital said the two giants were likely to need government bailouts in view of the “dubious quality of their mortgage portfolios”. “Together both firms have less than US$90 billion in capital reserves to ensure losses on more than US$5 trillion in mortgage debt … Clearly, Fannie and Freddie would have no ability to survive without a government bailout. This means that taxpayers will be on the hook for hundreds of billions of losses, perhaps even more than one trillion.”
www.FutureMoneyTrends.com The Fundamentals haven’t changed Inflation is running around 12%, the fed funds rate is 2% and the highly inflationary bail outs continue. Consumers continue to survive off of credit cards and default on all lines of credit at alarming rates. Home equity lines are now being defaulted on at a two decade high. The fundamentals for gold and oil are great and fully in tact. The Federal Reserve is pumping inflation into Main Street and performing magic tricks for wall street. Buying gold is like buying economic fire insurance in a time when you can already see the smoke. August 8, 2007 — August 8, 2008 Dow down -11% SP down -10% Silver up 15% Gold up 30% Oil up 58% MERK HARD CURRENCY FUND (MERKX) fund 17% Check out the last four www.goldmoney.com articles on the front page. Manipulation stories, articles, and explanations. www.GATA.org Main Street collapsing http It should be noted that I am not a financial planner. The returns showed on the video are from a regular stock account and not my options account.
Peter Schiff sees socialization of United States bubble economy will sink the Federal Reserve Note. US mortgage giants Fannie Mae and Freddie Mac are facing growing pressure as fears intensify about a potential calamity at the firms, which underpin trillions of dollars in home loans. Together they own or guarantee some US$5.2 trillion in loans, or about 40 per cent of the total value of home loans in the United States. Peter Schiff at Euro Pacific Capital said the two giants were likely to need government bailouts in view of the “dubious quality of their mortgage portfolios”. “Together both firms have less than US$90 billion in capital reserves to ensure losses on more than US$5 trillion in mortgage debt … Clearly, Fannie and Freddie would have no ability to survive without a government bailout. This means that taxpayers will be on the hook for hundreds of billions of losses, perhaps even more than one trillion.”
USA Federal Reserve Bank The Federal Reserve Act - passed by 3 (THREE) senators in a unanimous voice vote on 23 December 1913 - while everyone else was home for the holidays. Some people think of the Federal Reserve Banks as United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a missalocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts. From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble, to the housing market crisis, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy.
www.FutureMoneyTrends.com The Fundamentals haven’t changed Inflation is running around 12%, the fed funds rate is 2% and the highly inflationary bail outs continue. Consumers continue to survive off of credit cards and default on all lines of credit at alarming rates. Home equity lines are now being defaulted on at a two decade high. The fundamentals for gold and oil are great and fully in tact. The Federal Reserve is pumping inflation into Main Street and performing magic tricks for wall street. Buying gold is like buying economic fire insurance in a time when you can already see the smoke. August 8, 2007 — August 8, 2008 Dow down -11% SP down -10% Silver up 15% Gold up 30% Oil up 58% MERK HARD CURRENCY FUND (MERKX) fund 17% Check out the last four www.goldmoney.com articles on the front page. Manipulation stories, articles, and explanations. www.GATA.org Main Street collapsing http It should be noted that I am not a financial planner. The returns showed on the video are from a regular stock account and not my options account.
USA Federal Reserve Bank The Federal Reserve Act - passed by 3 (THREE) senators in a unanimous voice vote on 23 December 1913 - while everyone else was home for the holidays. Some people think of the Federal Reserve Banks as United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a missalocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts. From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble, to the housing market crisis, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy.
www.FutureMoneyTrends.com The Fundamentals haven’t changed Inflation is running around 12%, the fed funds rate is 2% and the highly inflationary bail outs continue. Consumers continue to survive off of credit cards and default on all lines of credit at alarming rates. Home equity lines are now being defaulted on at a two decade high. The fundamentals for gold and oil are great and fully in tact. The Federal Reserve is pumping inflation into Main Street and performing magic tricks for wall street. Buying gold is like buying economic fire insurance in a time when you can already see the smoke. August 8, 2007 — August 8, 2008 Dow down -11% SP down -10% Silver up 15% Gold up 30% Oil up 58% MERK HARD CURRENCY FUND (MERKX) fund 17% Check out the last four www.goldmoney.com articles on the front page. Manipulation stories, articles, and explanations. www.GATA.org Main Street collapsing http It should be noted that I am not a financial planner. The returns showed on the video are from a regular stock account and not my options account.
USA Federal Reserve Bank The Federal Reserve Act - passed by 3 (THREE) senators in a unanimous voice vote on 23 December 1913 - while everyone else was home for the holidays. Some people think of the Federal Reserve Banks as United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a missalocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts. From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble, to the housing market crisis, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy.
Peter Schiff sees socialization of United States bubble economy will sink the Federal Reserve Note. US mortgage giants Fannie Mae and Freddie Mac are facing growing pressure as fears intensify about a potential calamity at the firms, which underpin trillions of dollars in home loans. Together they own or guarantee some US$5.2 trillion in loans, or about 40 per cent of the total value of home loans in the United States. Peter Schiff at Euro Pacific Capital said the two giants were likely to need government bailouts in view of the “dubious quality of their mortgage portfolios”. “Together both firms have less than US$90 billion in capital reserves to ensure losses on more than US$5 trillion in mortgage debt … Clearly, Fannie and Freddie would have no ability to survive without a government bailout. This means that taxpayers will be on the hook for hundreds of billions of losses, perhaps even more than one trillion.”
USA Federal Reserve Bank The Federal Reserve Act - passed by 3 (THREE) senators in a unanimous voice vote on 23 December 1913 - while everyone else was home for the holidays. Some people think of the Federal Reserve Banks as United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a missalocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts. From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble, to the housing market crisis, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy.
A pall has settled over the U.S. housing market. The first-time home buyer’s credit has dried up, and home prices are down 29 percent from their 2006 peak. On Dec. 9 the latest release of the Federal Reserve’s Flow of Funds data shows the value of homeowner equity in the third quarter of this year at $6.4 trillion — 52 percent lower than four years ago.
A pall has settled over the U.S. housing market. The first-time home buyer’s credit has dried up, and home prices are down 29 percent from their 2006 peak. On Dec. 9 the latest release of the Federal Reserve’s Flow of Funds data shows the value of homeowner equity in the third quarter of this year at $6.4 trillion — 52 percent lower than four years ago.
A pall has settled over the U.S. housing market. The first-time home buyer’s credit has dried up, and home prices are down 29 percent from their 2006 peak. On Dec. 9 the latest release of the Federal Reserve’s Flow of Funds data shows the value of homeowner equity in the third quarter of this year at $6.4 trillion — 52 percent lower than four years ago.
A pall has settled over the U.S. housing market. The first-time home buyer’s credit has dried up, and home prices are down 29 percent from their 2006 peak. On Dec. 9 the latest release of the Federal Reserve’s Flow of Funds data shows the value of homeowner equity in the third quarter of this year at $6.4 trillion — 52 percent lower than four years ago.
