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JCErnharth

  1. Don't forget to tune in to the details at www.vigilantinvestor.com Over an out!
  2. ...There'd be a Revolution overnight.
  3. Perhaps that's why Henry Ford said back in the 1920s, if the people truly understood the nature of banking in the U.S.....
  4. If you or I do that, there's a special name for it and a cell waiting for us when they catch us... But that's Fractional Reserve Banking
  5. That's the problem with fixing the price of money, which is all the Fed does, and allowing Wall Street to profit from printing money.
  6. Hence, housing, etc., represents perhaps the greatest clustering of economic errors in the history of the United States...
  7. Low interest rates expanded credit and money supply... Everyone mistook this for economic growth, and acted accordingly.
  8. This ain't no liquidity problem, although that's clearly symptomatic. This is an insolvency problem.
  9. As such, the government / the Fed will never give up attempting to forestall the inevitable, but they simply don't have that ability.
  10. Try as they might, its only papering over the deeper economic issues -- structural imbalances created by too much money printing!
  11. There's a general sense that the Fed is pulling out the stops to avoid a complete financial collapse...
  12. The Fed only used to accept Treasury securities as collateral... now it accepts junk that can't find a price in the open market.....
  13. Things are so messy, folks can't tell rumor from truth... http://www.iht.com/articles... --
  14. Well, the Fed is up to its old tricks.... And rapidly consuming its dry powder... with a $ trillions in mortgages still in limbo!
  15. Ron Paul -- finally someone who knows what's going on with the Fed and the demise of the dollar! [CSPAN 3 Live Now]
  16. [Commentary on House Financial Services Hearing about Mortgage Crisis]
  17. Spencer Bachus now on... who says they're already on the job. Hear that voters? Help is on the way...
  18. Great Start Barny... So up until now you've failed to monitor the Fed and by doing so enabled the housing bubble and mortgage crash?
  19. OK... Barney Frank is offering to regulate everything better to fix the system. Well what the heck have you guys been doing to allow this?
  20. cpsan.com go to cspan 3 for House Banking Committee -- Bernanke and Paulson on the hot seat