Let the Markets Clear!
The only solution to this mess is to allow the US housing market to clear. All of the bad mortgage debt must be liquidated, whether via foreclosure or bankruptcy. Banks holding substantial mortgages or mortgage backed assets must face the music and adjust their balance sheets to reflect today’s reality. Undoubtedly this will force many banks into immediate insolvency, but such banks must be allowed to fail without receiving another nickel of taxpayer money. Banks took the risks and made money during the bubble years; those who exercised bad judgment must now accept the consequences of their actions.
Never in American history have we needed to adopt a policy of laissez faire more desperately; never has government seemed more determined to artificially prop up an industry. But only by allowing the housing market to clear can we hope to rebuild our shattered economy from a stable foundation. Clearly there will be pain in the short term, but we owe it to younger Americans and future generations to allow the reemergence of a rational housing market.
The Incredible Shrinking Half-Life Of Central Bank Action
It seems the market – or the collection of pre-programmed heuristic biases that make up the equity investing public (and machines) – is slowly but surely realizing the confidence trick that is the Fed’s Quantitative Easing programs. The following chart should clarify – to anyone placing their gambling chips on the hopes of another round of easing from the Fed – why the game is up. To wit, the reverse geometric progression of S&P 500 performance during each Fed action: QE1 +50%, QE2 +30%, Twist +18%, QE3 & Twist +8%… so QE4 +4%, QE5 +2%, and QE6 +1%…
Lindsey Williams: The most dastardly act that has ever been perpetrated on the American people in the history of this country probably took place on Sept. 13, 2012. You saw it in the national news, and everyone heard what Mr. Bernanke said, but very few realize the significance of what he was talking about when he said that the Federal Reserve, as of that day, would begin purchasing $40 billion in mortgage backed securities and Treasuries each month, indefinitely, from that point on. After this announcement, Mr. Williams said he called his contact and confidante in the oil industry who has inside knowledge on what the new Fed QE policy intends to do for America. Lindsey Williams: (To his contact by phone) I think there must be more behind this than what meets the eye, will you please answer some questions for me? He was more than happy to answer, and here are some of the questions that I asked. Lindsey Williams: Now I understand that the Federal Reserve is going to purchase $40 billion in Mortgage Backed Securities (MBS) every month. He said that's correct. Am I to understand that this $40 billion is in mortgages, whether they be toxic or non-toxic? He said that's correct. Let me then put it in simple terms... it's your house. It's the mortgage on your house. If you're house it mortgaged, then the Federal Reserve could have possibly purchased the mortgage in September, or October, and every month... Lindsey Williams: Where is the Federal Reserve going to get $40 billion every month? Indefinitely? The contact said immediately, and without hesitation, they are going to get it out of thin air (print it). Lindsey Williams: So they are going to print money out of thin air to purchase a home, a shopping center, any property held as security for the loan? Yes. Lindsey Williams: The bottom line of this program: The banks, and those who control these banks in the Federal Reserve, will control every piece of mortgaged real estate in the U.S. before it is over.
Benghazi Coverup US Ambassador Left To Die
BREAKING, OBAMA MAY GO TO PRISON
| || | I had the pleasure of interviewing Brother Nathanael in Times Square and had the chance to ask him some questions that are very important to me and should be important to all of you. This man has no fear and I must admit, as an activist, I was very starstruck. Running in to Brother Nathanael in my hometown of New York City, I truly believe nothing is coincidence and everything happens for a reason. We talked about hot button issues such as Zionism and a new Weimer Republic. Be sure to check out his YouTube channel www.youtube.com
| Noun: || |
- A political leader who seeks support by appealing to popular desires and prejudices rather than by using rational argument.
- (in ancient Greece and Rome) A leader or orator who espoused the cause of the common people.
| Synonyms: || |
Israel would serve, not as some high-minded “Jewish homeland”, but as lynchpin in Rothschild/Eight Families control over the world’s oil supply.
The Rothschilds are the planet’s wealthiest clan, worth an estimated $100 trillion. They control Royal Dutch/Shell, BP, Anglo-American, BHP Billiton, Rio Tinto, Bank of America and scores of other global corporations and banks.
They are the largest shareholders in the Bank of England, the Federal Reserve and most every private central bank in the world. They needed a footprint in the Middle East to protect their new oil concessions, which they procured through Four Horsemen fronts like the Iranian Consortium, Iraqi Petroleum Company and Saudi ARAMCO.
Pilots for 9/11 Truth: Airplane controllability
Coast To Coast AM - 9/11 Attack & Terrorism Threats- 09-08-2012 The Big Bamboozle & Saudi Involvement
Philip Marshall, a veteran airline captain and former government "special activities" contract pilot has authored three books on Top Secret America, a group presently conducting business as the United States Intelligence Community.
Beginning with his roles in the 1980s as a Learjet captain within a DEA sting on Pablo Escobar and later in the covert arming of Nicaraguan Contras, Marshall has researched 30 years of covert government activities, a revolving door of Wall Street tricksters, media moguls and their well funded politicians into every branch of our government.
Post 9/11, Marshall has led a comprehensive, ten year study into the tactical plan used by the 9/11 hijackers and is the leading aviation expert on the September 11th attack.
Philip Marshall began his 20 year career as an airline pilot in 1985, flying first with Eastern Airlines and then with United. He holds captain ratings on the Boeing 727, 737, 747, 757 and 767.
Many eyewitness accounts about heavy explosions on basement level | WTC, 9/11
People say there was a BOMB that when off in WTC then the first plane hit.but the best video is around 6:38 when there is live feed from a new camera setting on the ground where you can hear the plane coming in and you hear the bomb go off and it's felt by the camera from setting on the ground then you still hear the plane still coming in and then hear it hit WTC
Numerous explosions and corresponding dust clouds were recorded before the South tower fell supporting eyewitness testimony that was "Classified for National Security" and ignored by the 9/11 Commission.
From "911 Eyewitness" DVD, by Rick Siegel who videotaped the North and South towers collapsing.
Fire Engineering Magazine, January 2002 - Fire Engineering has good reason to believe that the "official investigation" blessed by FEMA and run by the American Society of Civil Engineers is a half-baked farce that may already have been commandeered by political forces whose primary interests, to put it mildly, lie far afield of full disclosure. Except for the marginal benefit obtained from a three-day, visual walk-through of evidence sites conducted by ASCE investigation committee members - described by one close source as a "tourist trip" - no one's checking the evidence for anything.
Covert network of moles, patsies, and a commando cell in the privatized intelligence services, backed by corrupt political and corporate media elites