Why are you destroying the dollar?
Why are you so corrupt (or incompetent)?
Why are you killing the poor and middle class?
Why are you devaluing the savings of honest, hard working Americans?
Why are you kissing the boots of your masters?
Why did you lie to Congress and the American people?
Why did you lower rates when you should have raised them?
Why did you destroy the credibility of the US financial markets?
Why didn't you crack down on REIC fraud and corruption?
Why did you not fight inflation as you were hired to do?
Why do you hate America and Americans so?
Why are you such a dick?
Ben Bernanke is a declared enemy of the American people folks. A traitor, and a scoundrel. Not a lot of people understand this yet, but oh, they will.
So what can you do about it? Not a lot. But try to protect yourself from this force of evil by getting completely out of US dollars. For those of you earning US dollars, your incomes are plummeting. For those of you investing in US markets, you better follow the foreigners and get the hell out of dodge.
Ben Bernanke, Hank Paulson and George Bush have declared war on the US dollar and the American people. Fight back by surrendering, and moving on. The US dollar and current corrupt US government are no longer worthy of your support.
October 19, 2007
A few questions for Ben Bernanke, the traitor hell bent on destroying the US dollar and America
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71 comments:
My saving is losing value fast and my paycheck looks like my employer has been cheating on me.My house ATM is dry not to say that the house,taxes,and insurance payments has gone up a lot, I am depending on my credit card to get me through,and now I am robbing my 401k and the stocks I own.
Yes thing are getting better with coke.
Ben Bernanke, Hank Paulson and George Bush have declared war on the US dollar and the American people.
No $hit $herlock, what was your first clue?
If Bernanke is a traitor for hastening the dollar's demise, aren't you also a traitor for selling the dollar out and going to foregn markets?
You see the ship might sink so you make like a rat and jump off, while pushing the blame for your defection off on someone else? What a mensch.
They made their choice (to destroy the dollar) and I've made mine (to not have any)
Pretty simple
Divest
They made their choice (to destroy the dollar) and I've made mine (to not have any)
Pretty simple
-----
Cheers to that...but unfortunately my local food store wont except Euro or pieces of gold...so at the moment I am stuck with it...Non
the less its Friday...And things are sure looking up.
And to the poster above..Rats don't jump they scurry, like any smart creature would if caught in a sticky situation...well I wear my Rat Badge with honor.
Your Truly
The Rat Pack
Ben is not in law enforcement, so I don't think you can blame him for failing to "crack down" on fraud and corruption.
Hmm let's see he is cutting rates to make mortgages more affordable for people. That bastards!! He should be locked up.
Anonymous 10:27:
Please. The Fed is DESTROYING the dollar. Smart people are fleeing it.
If the Fed Governors came over and started pi$$ing in your well water, could you be blamed if you stopped drinking it?
Dollars, along with other currencies, are simply stores of value. So are stocks. Some are better than others. Are you suggesting that if dollars are continued to be devalued by the Fed that we should hold on to them as a misguided display of monetary patriotism? If so, I have some patriotism I would like to sell you.
Your comment is beyond ignorant, and is one reason why there will always be a fool on the buy side when the smart money decides it is time to move to the sell side.
Here is why you are WRONG:
If Keith or anyone else on this blog exchanges their dollars for a different store of value, the number of dollars in existence does not change, therefore they have not changed the value of those dollars.
When the Fed creates money out of thin air, they cause the dollars to be worth less, effectively stealing value from dollar holders.
You really need to develop your logic skills better.
The argument is officially over, and I won it.
So Ben is cutting rates to make mortgages more affordable?
Man, there is such ignorance out there.
Ben cutting rates makes mortgages MORE EXPENSIVE as bond yields go up because foreigners lose confidence in US debt and the US dollar.
Trolls, don't go through life ignorant. Put down the remote control. Or just be one of the sheeple being led out to slaughter. Actually, OK, remain ignorant. Who am I to try to help. Just don't ask for my taxpayer money to bail you out.
Man, the ignorance is amazing. Probably a realtor. Or an upside-down Phoenix homedebtor.
One day Americans will wish they had been paid in gold
I couldn't have said it better myself! The good US of A is going to hell in a PAPER waste basket.
George W. and his compatriots have literally SHIT all over, We The People. It's so sad for me to even be saying this! I love the United States of America. What are founding fathers envisioned, our constititutional rights, etc.(which are slowly be taken away by George W. through the Patriot Act). This man, in less than 8 years selfishly destroyed a NATION that was once FINALLY fundamentally sound.
When George W. entered office we had such a beautiful economic SURPLUS! His administration had a field day and raised gov't official salaries and then had a spending spree.
Now Ben, who is supposed to be independent from gov't, and objectively review economic data and oversee monetary policy in order to steer our economy in the right direction... HAS fallen short! The Federal Reserve has more POWER than the US Gov't in that it controls our money supply and that of the WORLD! Ben we were ALL counting on you to do the right thing for, We The People. It's a sad sad day.
Gentle Ben was dealt a bad hand to start with. Keith, you are ragging on the wrong guy. As Julian Robertson stated today on CNBC, "the Fed will trash the dollar and it will be self-defeating. Bernanke is trapped in sins of his forefathers. A doozie of a recession is coming." I think the stage for the turmoil we are now in and that will become unfathomably worse was set by Greenspan. Bernanke has to look like he is doing something or he'll be taken out and shot by the powers that be.
Ron Paul
Period.
Jambu said...
Hmm let's see he is cutting rates to make mortgages more affordable for people. That bastards!! He should be locked up.
October 19, 2007 10:45 PM
Dude, your a tool!
I remember 3 or 4 years ago, George Soros was torn to shreds by the media for stating that betting against the dollar was a sure thing with Bush in office.
The Dow is up 12% in dollar terms in the past year
Gold is up 28% in dollar terms
The dollar has fallen 13% against the Euro this past year
Get it now?
You should.
Classic inflation - people feel richer in the beginning. And then reality hits.
Hmm let's see he is cutting rates to make mortgages more affordable for people. That bastards!! He should be locked up.
----------
HAHAHA!!!!!
***TROLL ALERT*** BEEP! BEEP! BEEP!
God forbid we get a real!! wage increase...no that would not do hyper inflate, AND DESTROY MY PURCHASING POWER! While your at it...But do it so that no one is looking mainly the MSM!
The Screwing is starting to hurt...And the Vaseline Jar is empty.
When George W. entered office we had such a beautiful economic SURPLUS! His administration had a field day and raised gov't official salaries and then had a spending spree
Youre nuts. There never was any surplus (in reality), I laughed at Bush/Gore debating what each would do with the ficticious surplus.
You also probably believed that Fortune #5 company ENRON was the best managed company in the nation.
In truth the entire financial system is bankrupt. This period isnt a case of some bad policy in an otherwise good economy. This is a systemic crisis. You cant save the system in it's present form.
Someone is gonna have to declare the system "bankrupt" and put it into receivership.
Otherwise you might want to buy I.G. Farben stock because a new Hitler is not far from coming on the scene. The bankers are that desperate.
One statement will answer all of your questions Keith: "Because I am a central banker and its my job to inflate and screw you out of your money. I secretly work for the Rothschilds and everything is going as planned by your world masters. Buffet & Gates are just decoys to hide the real wealth in this world. We have finally removed this last thorn in our side called the United States of America. Now we can procede with our next plan of a world currency."
The fed are not a bunch of idiots, they are actually pretty darn smart.
Macro View of A Fed Rate cut:
Bernanke just puled the big F.U. move on foreign investors.
We suckered other countries (china) into buying and financing american goods and services. The Fed then whacks rates and decreases the value of China's investments, while simultaneously putting pressure on them to increase their currency value. America's exports now look like a great buy globally due to the exchange rate and this temporary situation will propel our economy though this Recession. Yes, I said Recession. We are already in one.
Micro View: The middle class (I) will suffer through inflated prices until the Fed determines that it is time to balance the ship again and raise the rate.
Whine all you want, but in the long run, It will all work out. The Fed will F us all to some degree, but be smart, be conservative with your money and you'll get to remain a citizen of the greatest country in the World, which will always do what they have to do to make sure we remain so.
.
Traitor,
Means NOTHING anymore!
.
Man, the ignorance is amazing. Probably a realtor. Or an upside-down Phoenix homedebtor.
===================
I clicked on jambu's avatar and it says
Afghanistan and accountant.
Corporate interest seek to control trade in all of North America and South America.
Think this is tin foil hat stuff ? Fine, have fun getting the red white and blue jammed up your ass.
Please watch with an open mind then reflect on why you are going broke: http://video.google.com/videoplay?docid=2020789241047516411&hl=en
The wall street put a fix in becouse of bad loans ..:(
Very true - he also warned us (like others who know what's really going on) that the fall-out from the residential housing market will hurt many US citizens.
Anonymous said...
I remember 3 or 4 years ago, George Soros was torn to shreds by the media for stating that betting against the dollar was a sure thing with Bush in office.
Jambu said...
Hmm let's see he is cutting rates to make mortgages more affordable for people. That bastards!! He should be locked up.
I guess you have not check rates lately....nothing has gone down since the fed has cut rates...and don't forget most loans in the US are tied to LIBOR...
rates will continue to rise.....
Yeah, ol' Bernanke and his fellow travelers at the fed are now starting the end cycle for the dollar.
But this really is just another case of the same old same old for these folks, it's what they do.
Pretty soon Americans are gonna start to realise why so many Germans were so pissed of at the jews, they had destroyed the German Mark during the Weimar rule the same way they are destroying the dollar today.
At about the time of Germany's tipping point, one obscure German observer noted that, "The government calmly goes on printing these scraps of paper because, if it stopped, that would be the end of the government. Because once the printing presses stopped - and that is the prerequisite for the stabilization of the mark - the swindle would at once be brought to light. Believe me, our misery will increase. The scoundrel will get by. The reason: because the State itself has become the biggest swindler and crook. A robbers' state!? If the horrified people notice that they can starve on billions, they must arrive at this conclusion: we will no longer submit to a State which is built on the swindling idea of the majority. We want a dictatorship." Years later, that obscure observer rose to international acclaim, even being named Time Magazine's 1938 Man of the Year, when his foresight was proven true. His name? Adolf Hitler.
Happen to know of anybody who, in recent years, has remarked repeatedly about America needing a dictator?
I have another question for Boom Boom Bernanke:
"Is your wife better looking than that hag Andrea Mitchell that Alan Greenspan is married to?"
Thats mean and I am sorry.
Stop blaming ben.
He's just the tool.
the economy---the real physical economy---was shivved by hypercapitalist globalization.
They intentionally stripped jobs and talent and capital out of the USA and redeployed overseas.
All because the top 0.1% income earners would benefit.
This crowd shares more economic interests with Chinese and Saudi tycoons than average Americans.
Those are the real traitors.
And the real traitor ideology.
Ben is the fall boy.
The central problem with subprime lending is subprime *wages*.
guess what, in this "recovery" median-fulltime wages have gone DOWN. DOWN. Unprecedented in a boom.
And "they" whine when somebody brings that up, that it's "class warfare?"
Well, look who exactly has been waging and WINNING on class warfare??
Don't let them guilt you into it.
Distribution of income sure DOES as heck matter.
Is the gov waking up to REIC corruption, check out this website I found at the DOJ Anti-Trust division. Certainly too little too late, but it will hopefully cause my ramen futures to rise significantly in value.
http://tinyurl.com/yttxe8
America is a shitty country.
Americano is a shitty people.
Americano culture is a place where you take a shit.
Enough said !
Quote:
"Hmm let's see he is cutting rates to make mortgages more affordable for people. That bastards!! He should be locked up."
Jambu, you are a dumb ass and so is your parent which bears the responsiblity of having to create a dumb ass.
No wonder why Americano nation is going down the toilet with dumb ass like ass spewing sewage on the street or in a forum.
Jambu, can you do us a favor and just DIE ???
Buy gold and silver if you have any money left over after the bill comes due
Buy gold and silver if you have any money left over after the bill comes due
If Ron Paul doesn't win, what do you want to bet the government is going to regulate the sh!ate out of the internet to prevent a non-mainstream media darling from ever getting this popular again? CNBC has already hinted we need another government agency to regulate the internet.
Ron Paul 08
Here's a petition that reflects what Keith said. Please pass it around. I know the readers here go to lots of blogs and are smart so follow the link and decide for yourselves!!
http://financialpetition.org/
>> but unfortunately my local food store wont except Euro or pieces of gold...
Why would they EVER accept pieces of gold!?! The cashiers (and their managers) can barely count out your f'n change!
Anyone here who thinks that some catastrophic event will turn your grocer into a gold expert is a moron.
Go ahead dopes, keep cashing in your worthless Dollars for gold that will also become worthless. I don't need a history lesson about gold - the grim future that's planned for all of us peons has no basis in a historical event(s) where gold *might* have been worth something. Look at the catastrophe that was Katrina - I didn't see anyone using gold to buy food and water.
Guns, and not being afraid to kill, is the ONLY thing that going to keep you fed.
I am not defending George Bush.
But we did not have a surplus entering his presidency. To pretend that there was is unproductive. Clinton had the budget manipulated to make a surplus APPEAR to be there.
The inflation doctoring began under Clinton. Deficit spending began in earnest under Reagan.
There are no innocent parties. All of our elected officials are selling out.
Blaming Bush for "ruining" our surplus is plain hogwash. He IS running the deficit faster, but we were never positive, just "less negative".
It might make you feel good to be able to blame Bush for reversing the surplus, but it is not intellectually dishonest.
Sorry to rain truth on your parade.
The reason why?
The banking cartel that's why. These assholes have their tentacles wrapped around the government, the media, the central banks in most nations and as crazy as it sounds they are intent on shaping the globe to their own goals.
Most of us can agree that the Federal Reserve is a corrupt private institution that only serves the needs of it's owners (bankers like the Rothschilds, Rockefellers, etc..). Now why do these same greedy families run the Trilateral Commission, UN, UNESCO, the CIA, the CFR? Are they shizophrenic? They serve the public good via the United Nations and philanthropy while stealing our money via the central banks?
Logically, it's all a scam and this corrupt bastards must be stopped.
http://www.federalreserve.gov/feedback.cfm
tell bernanke and his cohorts what you think of them.
People that say Ron Paul is the answer are sadly unaware of the extent of the problem.
As much as I want Ron Paul to win I know that if Ron Paul gets anywhere near the presidency, the CIA will step in to take him out. How many more great Americans need to die before people wake up and realize who is in control?
Do people still think JFK was killed by the "lone gunman" Oswald? Several CIA agents have already admitted they were part of it or knew about it! Look up E. Howard Hunt or Marita Lorenz. Jack Ruby worked for Nixon before the JFK assassination. What a bizarre coincidence?!
Don't believe there's a secret government?
http://tinyurl.com/37qqtm
Bush, Clinton, Bush, Clinton? Another bizarre coincidence!
aren't you also a traitor for selling the dollar out
Money not coined in silver or gold is unconstitutional.
Jambu whined . . .
"Hmm let's see he is cutting rates to make mortgages more affordable for people. That bastards!! He should be locked up."
----------------------
Actually, Jambu, that bastards, as you so eloquently put it, really did nothing to make mortgages more affordable. LIBOR is up, and even new mortgages that aren't linked to LIBOR are up because inflation risk is now being priced in.
Besides, your idea of "affordable" seems to be of the howmuchamonth variety. True affordability would come from a rise in rates resulting in asset price deflation and a lower total price for residential real estate.
Well, I guess that was pretty complicated for you. Go figure out how much you can afford to spend this month, Jambu.
Caterpillar, Microsoft, Intel,
Johnson & Johnson, etc.
MSNBC said they would save us from recession. Now what are they going
to say next. Six months ago they were considered the defensive stocks, now they are paraded as the saviors. What will they think of next. Strip clubs and Casinos?
Keith, I've agreed with most of the positions that you've held with respect to the housing bubble and the effects of the fed moves, but I do not for one second think the fed is full of traitors. I disagree with their decisions as much as you do, but I believe that they feel that what they are doing is better than the alternatives. I think they are wrong, not traitors.
What else could he do? Come on Keith, you act like there are alternatives to this ridiculous game. These fine felows have entered the Roach Motel of creative finance and you're giving them advice to turn left or right. Psst -- it doesn't matter anymore!
Nobody wants total economic collapse, especially if they're in line for a $$$ year-end bonus or they're standing for reelection in '08. We will get bread and circuses. Inflation will run rampant but it will be denied by the officials in DC. Our buddies in China and Japan will hold their noses and play along too. If they don't it's riots in the streets of Beijing and loss of face in Tokyo.
All of you renters waiting for the big crash are double-f*cked because house prices and rents are headed to the moon once people realize their money loses value every day. They will borrow and spend like there is no tomorrow.
BTW... Warren Buffett has been short the USD for YEARS....
And making a ton of money, obviously.
And if anyone believes for a minute that mortgage rates will be lower once the Fed has lowered rates, I challenge them to refinance that mortgage they currently have.
You have been sold into slavery with that idea stuck in your head that you, the home owner, are any part of this USD debasement.
BTW, I am a homeowner who purchased in 1997, with 40% down, and am not biased towards homeownership or renting, except that I would invest in icebergs from Hawaii before I would pay these still over inflated prices current in many major cities.
Anonymous said...
Ben is not in law enforcement, so I don't think you can blame him for failing to "crack down" on fraud and corruption.
You are absolutely right he is NOT "law enforcement" per se... However, he IS Chairman of the Board of Governors that monitor our entire BANKING SYSTEM! Monitor being the KEY word here.
I'm with Stocksystem on this one. Ben is in a box. You have to feel for the guy.
Countrywide can't make payroll. LOOK OUT!!!
better to be a rat and survive than an ostrich, except you FB's have your heads up your asses
Don't worry - Ben will print a lot of new money over the weekend, and the market will soar on Monday!. . .PPT will be out in full force.
Who cares if the dollar drops below the Peso? All those out of work Mexican construction workers here in Phoenix (where I am this evening) will now bring thier Pesos back from Juarez and buy all those empty Phoenix houses. . .everything here will be just fine - oh. . .the official language of Arizona will be changed to Spanish, and 4th of July will be abolished as "incorrect" . . .a small price to pay to get those 65,000K houses off the market???
Jambu,
I've got some mountaintop property in Florida I want to sell you. Cheap! You can afford it with the affordable mortgage you get from Bennie at the Fed. LOL
FlyingMonkeyWarrior said...
Man, the ignorance is amazing. Probably a realtor. Or an upside-down Phoenix homedebtor.
===================
I clicked on jambu's avatar and it says
Afghanistan and accountant.
Just So You Know FlyingMonkeyWarrior,
"Afganistan" and "accountant" are what show up when you create a blogger account and don't adjust the profile. They are the first 2 highlighted options.
Just sayin'
Is the gov waking up to REIC corruption, check out this website I found at the DOJ Anti-Trust division. Certainly too little too late, but it will hopefully cause my ramen futures to rise significantly in value.
http://tinyurl.com/yttxe8
**********************
No. These laws have no teeth even if they are 'enforced'.
To Honica Jewinski:
The facts behind the collapse of the 20's German Weimer Republic is NOT because of JEWISH CENTRAL BANKERS printing excess German notes out of Jewish glee of F__king the "Goyim Masses!"
It was because of the impossible demands of the the British BUT MOST IMPORTANTLY THE F__KING FRENCH who demanded blood from their vanguished and prostate foe - the "HUNS."
The Germans were forced to pay a huge exhorbitant flow of money/compensation to the British and French!!
They wisely chose to start sending them worhtless paper instead of stripping Germany of what hard capital or industrial infrastucture was left!
Do not misrepresent History and do not delve into the realm of condoning Hitler, while I am on this board I will attack every scurilous anti-semitic remark you make.
I have an uncle who was a 1st "Louie" captured at Anzio, imprisoned for many months (spent eating maggit-infected horse heads in a Stalag and later liberated as the Russians swept the German SS scum West!
He saw the camps where human beings were tortured and burned like scrap wood!
Do not make light of this fact about Hitler and do not make the charge that the issue is Jewish by nature!!!!!
The FED's figure heads have recently been Jewish (Many were Anglo) because they excell at the more esoteric levels of math and intellectual pursuits: as I asdvanced into the higher degrees more of my peers (rednecks {like you}} dropped out - they couldn't handle the concepts necessary to understand the flows of money - many left at the 200 level with very few advancing to higher grade levels!
What was your highest (completed [and what was your GPA?] level) of the "Sweet Science" - DUDE!?!?!?!?!?!?!?
"keith said...
They made their choice (to destroy the dollar) and I've made mine (to not have any)
Pretty simple
"
Keith, you NAILED that. Simple enough...
Get OUT of US dollars as FAST as you CAN !!!!!
The ONLY thing holding the US dolar is confidence! And I have NO CONFIDENCE in the USD anymore.
When George W. entered office we had such a beautiful economic SURPLUS!
----------------------------------
No No NO NO, we did not have a surplus! Get a clue!
It was much better than now but there was not surplus. The "surplus" was created by borrowing against social security. At no time over the last 100 years has our debt actually decreased!
Housing Panic 'Al Jazeera' style
The fed are not a bunch of idiots, they are actually pretty darn smart.
Macro View of A Fed Rate cut:
Bernanke just puled the big F.U. move on foreign investors.
------------------------------------
That is my take on it too. It was inevitable, our importing cannot keep supporting everyone else's export based economies.
Those who don't understand what is going on are going to get hurt.
I've never understood: is buying Canadian company stock via a US stock exchange in US dollars and holding in a US brokerage account subject to the devaluing of the US dollar? I would think that the value of the Canadian company stock would reflect the condition of the Canadian company and state of the Canadian dollar (improving against the US dollar right now) rather than the US since the only thing US related is the currency its denominated in. Couldn't an investor holding a Canadian company stock, even though bought and held in US dollars at a US brokerage firm still sell the stock at equivalent Canadian dollar values?
To Flatearther:
You da man and you GET ET !!!!
Everyone!! Read this guy's post print it out and send it to all your friends!!!!!!!!!!!!!!!!!!!!
To all on this board!
You have the opportunity of a lifetime coming shortly - around August 08 to February 09 - I will be (and everyone should be) buying all the hard assets you can - including real estate??
Why???
Because M3 and all hard asset prices (including real estate ) are GOINNNG TO THE MOOOOOOOOOOOOOOOOOOON!!!!!!!!
Why??
Because the banks will have all the houses back from the DOPES they want and they'll want/need to sell them higher back to the same set of suckers - after those suckers have cleaned up their credit - that about two to three years!
That's around 2013/15 I'll be selling everything again - before the next debacle hits!
God, I just Love this!
Making money is Sooooo much fun and it buys soooo much gudd luuuuuuuv!!!!!!
did anyone ever think that walter chronkite needed to be hung?
maybe the thought of how ungracious that might be got us katie couric?
WHOA There Mr. "Getyourself Connected"---
Pull that head out would YA--your perspective is wayyy back-asswards...
Andrea Mitchell aint no Angelia Jolie--but Greenspan the Uber-Troll Yoda boy hit the serious lottery by landing her as his beeatch. She shags the pool boy while Alan makes them sandwhiches...he is the lucky one!!
To anonymous 5:13
You said:
The FED's figure heads have recently been Jewish (Many were Anglo) because they excell at the more esoteric levels of math and intellectual pursuits: as I asdvanced into the higher degrees more of my peers (rednecks {like you}} dropped out - they couldn't handle the concepts necessary to understand the flows of money - many left at the 200 level with very few advancing to higher grade levels!
----------------------------
Your veiled racism is disgusting! Just exactly what do you mean when you say "redneck" and state they can't handle money concepts and that Jews "excel at esoteric levels of math and intellectual pursuits". Are you implying that they are superior? If so, you are a racist just as much as HONICA Jewinska is an anti-semite.
REDNECKS as you call them (white people of ALL ethnicities), Jews, Hispanics, Blacks, we're all in this together. There has never been any scientific study showing Italians, Blacks, Hispanics, or, for your information, Jews, that shows that any group is intellectually superior to any other group.
The fact that certain groups are over represented in certain professions, certain academic fields, mostly points out to advantages these people have had over others and it was a result of these advantages and "favoritism" that they have excelled.
Remember Anti-semitism is WRONG and so is RACISM against any group, including, as you call them "REDNECKS."
Wait a minute - Bernake inherited a mess, and this blog pointed out repeatedly he was between a rock and a hard place. He lowered, so it's "you've destroyed the dollar", but if he raised it would be "look, Great Depression II; everyone's homeless" or whatever.
And what can we do about it? How about a General Strike? One better - drop out altogether. This thin veneer of workaday jobs and tooting around in automobiles is all unsustainable madness, anyway. It's a Dream, alright.
All of you renters waiting for the big crash are double-f*cked because house prices and rents are headed to the moon once people realize their money loses value every day. They will borrow and spend like there is no tomorrow.
Oh really, and who's going to lend all that money to these gazillion landlords that will buy all those empty homes in the market right now, may I ask? Have you tried to get a jumbo loan these days? Hell, banks are not lending to each other, do you think that they will lend to the same people who went into foreclosure? You've been watching too many episodes of Flip That House. Helloooo, haven't you noticed the undergoing housing crash? So how in the hell any bank would lend money again to the same type of speculators? [Add logic here, rinse twice]
"Oh really, and who's going to lend all that money to these gazillion landlords that will buy all those empty homes in the market right now, may I ask? Have you tried to get a jumbo loan these days?"
Just because you have $59 in your checking account doesn't mean that everyone else is in the same boat. There are plenty of non-loser types with money to invest (ever heard of China?) as this RE tragedy plays out. MSM, usually the last to know, has articles ranting about rents increasing. Rents have to increase because inflation is running 10+%. Smart landlords factor all of that in and earn money from losers who pay "da Man" rent.
Anon 5:13 to Anon 1:06 (I am also the Anon that replied to HONICA JEWINSKI!)
I posted as I did intentionally to elicit a comment - such as yours, because:
The Honica Jewinski post inflamed me when that poster implied that we needed another Hitler to deal with a supposed "JEWISH PLOT" at the Fed and NOBODY ON THIS BOARD ATTACKED HIM/HER. That racist s--t must stop before it starts - Bernanke is caught with NOOO good alternatives as the FLATEARTHER and others have correctly stated. If anyone is at fault at the FED it was GREENSPAN (Mr. Bubbles) who should go to jail in my opinion!!!!
I AM A FULL-BLOODED - AND VERY PROUD TO BE ( but not very proud of many more of my ilk) - REDNECK!!!
This red neck lived in small towns in Alabama and Georgia (witnessed gratuitous racism to undeserving blacks in the late 50's and early 60's); picked cotton in Alabama and peaches in Ca as a kid in the 60's; drove an eighteen wheeler for a year; drafted and sent to Nam; came back to the "WORLD" and worked my way through college: watched my stupid red-neck peers party and get drunk while they should have studied; watched almost all the Jewish. Asian and a VERY FEW red-neck kids advance with me to Grad School; so, I - therefore - STAND BY EVERYTHING I SAID!!
And I would add, anything disparaging I said about the average red-neck is true to a much greater degree for this current generation.
If anyone disagrees with me - I leave y'all with one final question?
What is the overwhelming racial background of the typical DOPE that fueled this latest Real Estate craze???
I know because - since 2002 - I tried to warn all the Real Estate Dopes/Junkies here on the West Coast of Florida: they all laughed in my face!
Answer:
Rednecks!!!
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