“The Fed and the Treasury had hundreds of billions of dollars for banking, Wall Street and insurance companies, but they couldn’t allow borrowers, facing foreclosure, a break. That would have staved off two million foreclosures and preserved $300 billion in equity. Congress couldn’t help average Americans, only the rich. We are in the greatest financial crisis since the early 1870s or the 1930s. These people have ravaged the financial and economic world and they are still in complete control of the system. That is because they have bought Congress and they have created a revolving door between NYC and Washington. Last year, banking, securities and investment firms gave $154.9 million in political payoffs. Real estate interests stuffed $136.7 million into politician’s pockets; commercial banks gave $37.1 million and hedge funds $16.7 million, for a total of $345.4 million. This is why campaign contributions have to end along with lobbying. When are Americans going to wake up to what is being done to them?
It is only a matter of when before there will be insufficient buyers of Treasuries to fund bond issues. We believe this has previously happened from time to time and that buying by the Fed from offshore accounts has held the market up. This we believe is why the Fed doesn’t want an audit. When foreign central banks stop buying, the Fed will monetize more and more as they are currently doing. They will be buying $3 trillion worth of Treasuries, Agencies and CDO toxic waste from banks over the next three months.
On June 5th, we saw the 2-year and 10-year Treasury yields spike as the Fed lost control of the market. We noted the actions at that time. It won’t be long before most long dated paper, that is over 5 years, will have to be monetized in a very big way. That also means interest rates will continue to move higher. We believe the treasury will be in the market for $1.2 to $1.5 trillion. That means the Fed may have to buy $600 billion to $1 trillion in Treasuries. They have already committed for $300 billion. It is hard to know exactly what this private corporation is up to because much of what they do is in secret. As rates rise it becomes very difficult to finance mortgages. At a 5.5% mortgage rate, 80% of pending and future mortgages cannot be consummated.”
Sunday, July 12, 2009
The Coming Bond Collapse Bob Chapman
Saturday, July 11, 2009
How To Buy Real Gold and Silver Coins
How To Buy Real Gold and Silver Bullion : you need to buy real hard assets touchable gold uscoins.com seems to be a good place to shop for real gold coins , use it at your own risk I am not in any way or form affiliated with them , I am just bringing you the information , do your homework and investigation before engaging in any heavy investments , my point is get out of the dollar buy real hard assets and precious metals before it collapses , and before the inflation hits , top notch investors and economics are warning about inflation ( or even hyperinflation ) , Russia India China are looking for ways to dump the dollar , it is good to say that the dollar was kept standing on its feet in the last few years thanks to these countries purchases of US treasury bills , China Russia Brazil India the Gulf States , so I leave it to you to imagine the scenario if these countries are able to dump the US dollar ....do your home work...
Buy Gold and Silver coins Bob Chapman
BOB CHAPMAN ON ALEX JONES 10 JULY 2009 :
Bob Chapman was back on Alex Jones Show talking about global economics politics , jobless numbers credit cards defaults car debt home debt economic collapse the carbon tax , corporate personal and governmental debts always on the rise ...and the government wants people to spend !! ! birth death ratio unemployment numbers manipulation , the FBI arrested an ex Goldman Sachs who is allegedly stole a coded program that allows to read the market , this program originate from the government , the New York Stock Exchange has another program that pays the market makers to manipulate the market ...Goldman Sachs admits that this algorithms allow you to read the markets , a timing mechanism between trades which allows you to pick a penny here and there and make millions at the end of the day , this is called "Salami Slicing " amongst the insiders ..Gold and Silver is your best hedge to save your earned savings, that's your only salvation said Bob Chapman ....Tags:
bob chapman alex jones ron paul rand paul obama g8 politics news new world order jim rogers max keiser marc faber gerald celente peter schiff conspiracy cheney wayne madsen russia medvedev afghanistan wall street stock market bailout stimulus tea party russia today bernanke paulson federal reserve economy depression recession inflation hyperinflation lew rockwell tom woods
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