Look! In the sky! It's a helicopter!
Panic is in the air. AND it's an election year.
Get ready for the Fed to do something so stupid, so reckless and so treasonous, that you'll question your faith in the America. An act by corrupt unelected officials that will shake you and the world financial system to its core.
Want to guess what it is? And are you ready?
Bernanke testifies today in front of our corrupt and incompetent Congress. I'd prefer that he was testifying at his treason trial instead. Oh well. One day.
I hope Ron Paul is there. Should be fun.
January 17, 2008
Ben Bernanke and the Fed are about to do something stupid, reckless and dangerous. Get ready. It's coming and it's coming soon.
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Without a stable monetary base they were nothing. They built a house of straw. The thundering machines sputtered and stopped. Their leaders talked and talked and talked. But nothing could stem the avalanche. Their world crumbled. The cities exploded. A whirlwind of looting, a firestorm of fear. Men began to feed on men.
On the roads it was a white line nightmare. Only those mobile enough to scavenge, brutal enough to pillage would survive. The gangs took over the highways, ready to wage war for a tank of juice. And in this maelstrom of decay, ordinary men were battered and smashed.
Except for one man armed with an AK-47, and a Honda full of silver.
Faith in America? That shit is looong gone!
In other words, get ready for the US government pushing the Great American Housing Crash into an era of economic malaise that will meet or exceed the Japan 1990-2005 era. That will cause house prices to crash, and they won't rise until the year 2020.
I've suffered at the hands of the credit-heavy dolts for too long. I WELCOME THE COMING DEPRESSION. At least, I can work, I have money, I have tools, and frankly I'm armed and mean. They've worked to collapse all levels of government; let's see what happens on the street when government can't even afford to hire people to come out and deal with our hands-on resolutions.
'that you'll question your faith in the America.'
I no longer have ANY faith in "America". We NEVER do the Right Thing.
I have open contempt for the public and hatred for the political class.
I feel badly only for those that risked life and limb for this corrupt, degenerate filthy nation of fat liars, thieves and pimps.
We were dead when 'whats in it for me' replaced 'how are YOU doing'.
America the bankrupt ghetto with a side order of shame thrown on top.
DIE U PIGS
Is it just me, but are the illegal Mexican alien felon slaves heading back south of the border?
It has been cold recently in No. Cal. Maybe they are just inside for awhile...
Maybe the bounty program is working?
Every move Ben has made thus far has made the slope more slippery...This could be the big one...
There is something the FED can do...RAISE!!!!! Housing is toast, and can not be saved at this stage.....let it go damit!!..as long as the job market remains stable, we may be able to weather this storm out....but with the dollar at all time lows, and inflation ticking up, and us borrowing from foregin countries...this does not bold well for our situation...So Ben do the right thing and RAISE!! The Market may not like it...but the market has made its money, now do me a favor..as well as for my other fellow Americans.....Save Mine!!
Have some inside information that you want to share, Keith? If you are referring to the impending 50 or 75 point basis cut, that's nothing more than Benny's already been doing. The dollar is already down some 30% against the world's currencies. Another 30% is just more of the same.
Glad I don't have any dollars except the ones in my wallet. Swiss francs and RMB baby!!
Anonymous 11:37 AM said...
Is it just me, but are the illegal Mexican alien felon slaves heading back south of the border?
It has been cold recently in No. Cal. Maybe they are just inside for awhile...
Maybe the bounty program is working?
There have been anecdotal evidence reported in the news that yes, in fact, illegal immigrants are moving back to Mexico and South America because of two main reasons: no more cheap labor housing jobs and with the deline of the dollar they have less to send home each month.
Problem solved?
I can see little Hooverville's popping up all over the place. At least the residents will have their iPods with them to pass the time.
I figure that since 51% of the populace voted for GWB in 2004, they get what they've got coming to them.
Go ahead, Ben, debase the currency.
I'm thinking 12% inflation, 2% CD rates, and Dow 9000.
Got Popcorn?
I can see little Hooverville's popping up all over the place. At least the residents will have their iPods with them to pass the time.
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Ya and they will be breaking into your house to charge them...please..show a little...just a little intelligence..What the fuck good is an ipod when it can not be charged...you need electricity.
Keith:
You'll be happy to know that Ben just said that there is no housing bubble (and no downturn) in Europe.
That's good, I was worried there for a while.
(it was in response to the question as to why Europe isn't lowering rates, but he is, since they're both in the same situation)
"What the fuck good is an ipod when it can not be charged...you need electricity.
January 17, 2008 2:33 PM"
Steal a long extension cord and plug into the gas station next door. Problem Solved. THen you can watch your Plasma TV too in your tent.
F*ck You squatters, you deserve eberything you are getting. BTW: When does NASCAR start up JSP? How's the Harley running now?
Do not blame the hard working Mexicans who risked their lives to fulfill tough jobs that lazy "legals" have been avoiding. Instead, this country needs a great depression so that everyone can be brought down from their false reality. The reality is that all "legals" cannot afford their regular bills including rents or mortgages, the implosion is coming, get ready to do the job the Mexicans were doing for a lot less than you are currently making. The upcoming crisis will be one huge step back for this an many countries. Stop being racist because your kids might have to illegally migrate to other countries to find jobs that will be non existent in the US.
The thing that constantly impresses me is the assumption that incresing housing prices are good for the economy.
How are rising housing prices any different than oil prices? They are good for the whoever is invested in them, but bad for whoever is not.
Steal a long extension cord and plug into the gas station next door. Problem Solved. THen you can watch your Plasma TV too in your tent.
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Dude Go watch Jerry Springer already...this is way to advanced for you.
Hey guys, I am taking reservations for illegal electricity hookups.
If you act fast, I will throw in illegal dish network also.
Price 1/2 ounce of gold
Hey, if it enables me to refi in the 4% fixed range on my mortgage, I'm all for it!
You don't like that idea? BFD. I'm not hoping for anything that hurts anyone else.
You guys are the ones who keep wishing that anyone with a house gets all their equity wiped out, that we get hit with a huge depression that dwarfs the 1930's, etc. Shit, some of you bastards practically cream your jeans thinking of horrible economic times to come.
I can understand people wanting to get a decent house at an affordable price, but the ones wishing that people you don't even know take big financial losses are sickening.
Wanna get even more pissed, you bitter bastards?
I crunched the numbers. If it goes down to 4.75%, my mortgage payment goes down $6 on a 20 year from what I pay each month. I got a 30 year right now. Over the life of the loan, I'll save almost 71k. That's much more than my house has gone down.
Oh, and no mortgage when I retire. No rent payment, either. I'll own the house free and clear. I won't need as much in retirement as you probably will (property tax is almost always cheaper than rent for any given property).
I'm starting to think Ben Bernanke just might be the best friend my family will ever have!
Slash those rates, Ben, slash 'em!!
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