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REPORT ABUSIVE REPLY
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Message Subject
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QE3 The end of the USA.
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Poster Handle
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khnum |
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Post Content
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To most of you Ben Bernanke just weaves his magic and all is well besides the technical jargon and foreign language he uses is too hard to understand.
So let me explain QE3,what is going to happen is each month in perpetuity the Fed will buy $40 billion dollars in mortgage backed securies-(i.e personal and business real estate loans secured by property) off the banks and Freddie,Fannie etc.The obvious conclusion to this is that the Fed will own ALL MORTGAGED PROPERTY IN THE US.
The banks wont be lending or investing this money instead they will be buying treasuries with it.
The fed will bundle its security into derivitives.
The Fed itself created the bubble that collapsed the real estate markets now its getting that real estate for cents on the dollar.
At least two US Presidents should be tried for treason but nothing will happen,September 13 2012 proved not only will the US public belly up to anything the powers that be hand them that also they are too fucking stupid to even know what happened.
The banks won the coup and not a shot was fired...at least I can say
GO SPAIN!!GO GREECE!!
Quoting: khnum 455005 So the FED reserve will own our mortgages/homes? Do you think they will try to take them from us? If you dont pay your bill on time, just when they tell you too on the terms they tell you. It will come to the point that if you dont pay your other bills, or if you dont follow the law of the land to the T, you will lose your home. This is a Marxist government and America has already lost. Our ancestors are rolling around in their graves. They would have been dragging lawmakers and bankers into the streets and shooting them. Plain and simple. Instead we have men playing game boys and play station having babies with 12 different woman. Shame on America. Instead Bernankes just thanked your lawmakers for not auditing the Fed the treasonous sellout permeates all aspects of your legislature.
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