President Bush and Congress are putting the finishing touches on an "economic stimulus plan", purportedly to ward off recession in the United States. But, as this superb article in San Francisco's leading newspaper makes very clear, the deeper, hidden purpose of this "stimulus" plan is to create a smokescreen which further enables the same mortgage lending scams that have already wreaked havoc to continue at ever higher levels. This will likely lead to a taxpayer bailout of Fannie Mae and Freddie Mac and endless future debt payments flowing into the pockets of the bankers and their friends. By spreading the word, we can avoid this and build a brighter future for us all.
Greetings TT members,
Above is from a piece Fred posted today on the fraud being perpetrated on USA citizens in the mortgage arena....but let me show you the dirtiest trick in the book....
2006...fed decides it will no longer post the M3....the amount of currency printed and circulated into the economy ....
PPT(plunge protection team )(OSP) can now order funds from the FED, dump them into index funds, keep the market from crashing to it's TRUE value...while the dollar steadily loses value across the world every time they do it...
Look,... stocks are currency, same as cash....if the value of the cash drops, the value of the securities must also follow the direction of the cash, so they are a balanced value....and when outside sources prop up the value of stocks, that's how markets crash...falling 10%-50% of their dollar value in days...wiping out millions of citizens (IRA) wealth overnight....
Citizens have no idea the deception that is taking place in ALL the brokerage houses....
Citizens have no idea the tricks banks are playing on their accounts...
Wife and I owned Surety Bond agencies ( you call them bail bonds) from '84 to 2000...before that we worked for other agencies and I also was a day trader ('94-'03) I had to learn many aspects of the stock/bond/futures markets in order to move some money in at 9:45 am and get it out by noon...and have a bit left over as profit...these kinds of trades can't be made anymore because there is an " outside source intervening", a source you can not see...
and no body is saying a word !!!!
A word to the wise is sufficient
blessings
lefty