Posted on 05/01/2009 12:39:30 PM PDT by iThinkBig
The conspiracy theorists of the world believe the U.S. government faked the landing of Apollo 11 on the moon. They also believe 9/11 was an inside job, ordered by operatives within the government. The rationale of these acts was to distract the masses from the disastrous Vietnam War and the plummeting stock market, while escalating their control over the American people. I believe I have uncovered the largest conspiracy in history. The government wants you to believe that banks are recovering, housing has bottomed, stimulus works, borrowing leads to prosperity and war leads to peace. President Obama and his cronies at Treasury and the Federal Reserve are trying to mislead the public regarding the health of our banking system. If you believe their spin on these issues, I have a structurally deficient bridge in Brooklyn I’d like to sell you.
(Excerpt) Read more at theburningplatform.com ...
It’s what fiscal conservatives have been clamouring about since 2005, the ‘debtist system’ is going to blow.
140% Private Debt is unsustainable.
Now, the government intervention will not let the economy heal itself. The more they do the worse it will get. Keynes is dead!
That’s why most of the ‘stimulus’ is being spent in 2010. Reminds me of FDR’s ‘patronage’ programs.
The recent run-up in stock prices is short-covering and institutional buying with government money.
BINGO!, it was such a coincidence that several news paper ran bogus stories the other day about the real estate market may have stop fall. The old war room was cranking out the emails.
It just seams unfeasible that doing the EXACT OPPOSITE of what Ronald Reagan did to turn around the Carter Recession is going to have the same result. Maybe the laws of physics have changed?
He’s just carrying his ignorance from thread to thread.
Could be!!
Never since the 1930s-Every demonizing stereotype there,
the guise is indignant liberal commentary
Jerusalem Post | 4-19-09 | SARAH HONIG
Posted on 04/19/2009 6:41:12 AM PDT by SJackson
http://www.freerepublic.com/focus/f-news/2232725/posts
[snip] Verses like T.S. Eliot’s “The rats are underneath the piles/The Jew is underneath the lot” were received with knowing winks and smug nods of approval by his literary milieu. Jews were judged as deserving repugnance, and the then-guardians of virtue perceived nothing untoward in the diabolical portraiture. To be sure, Eliot-style spitefulness is crude by today’s slyer standards, but the bottom-line is unchanged. No need to badmouth Jews indelicately when Judeophobic ends can be more effectively achieved via compassion for the Jews’ would-be annihilators. [end]
And the FDIC can't cover.
So watch for the music, its gonna get faster and faster and the record player is gonna break.
I don’t for a moment believe the banking sector is recovering. A collapse in the real estate market combined with the Govt.’s inability to borrow $312Billion for the next quarter’s Federal budget (who would be willing to lend to us? We’re bankrupt!) will cause a financial meltdown.
How hyperinflation coexists with massive joblessness and a worthless currency will make for “interesting times”.
Singin': I left my wallet, in Montre....aaaaaaawwwlllll!
LOL.
Hope you have it all knocked.
Things are going to get rocky in a couple of months.
I am stockpiling food and necessities. The IRA was rolled over from a mutual fund to a bank CD (temporarily) but if Obama moves to seize 401Ks, am pondering a quick move to Canada after cashing it in.
Next will probably be gold, silver, jewelry, and bank vault contents,...might as well buy diamonds and sew them into the seams of our clothes for easy transport of wealth!
I think it likely our economy will permanently “reset” to a lower productivity level, similar to Europe.
This will make the current leaders happy. Welfare dependent, unhappy, unemployed voters will keep voting for more “change”, out of fear and ignorance.
Indeed. We have been stockpiling to prepare for the worst.
Here is a list of the qualifications for government help:
As the program is based on a family’s long-term ability to repay the mortgage, owner-occupants must:
Have a mortgage that originated on or before January 1, 2008;
Not be able to afford the current loan;
Have made a minimum of six full payments on the existing first mortgage, with no mortgage payments missed intentionally;
Not own a second home;
Have a mortgage debt-to-income of at least 31 percent;
Have not knowingly or willfully provide false information to obtain the existing mortgage and have not been convicted of fraud in the last 10 years;
Follow FHA’s long-standing and strict policy of fully documented income and employment; and
Agree to share both the equity created at the beginning of their new HOPE for Homeowners mortgage and any future appreciation in the value of their home.
Additionally, existing subordinate lenders must agree to release the homeowners’ outstanding mortgage liens.
Very few people can meet these criteria, and even if they did, the government will capture half of their home equity.
Translation, foreclosures will continue, and probably accelerate.
Wheres my Ruby Red shoe...Tap them together 3 times, I believe, I believe, I believe....OOPS what happened, the banks still are not better..............
Ralph? Is that you?
The Bank is raising its fees to the consumer on just about anything they can get away with right now. No doubt the rest is yet to come.
Thanks, Obama....the banks will do fine, the customers are getting the shaft. The start of Obama's hidden taxes. This is a big joke, except it's not funny.
Leni
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