Fact: There is no MBS market. The fed is the buyer of last resort, just like FM and FRE. This can’t end well…
By Daniel at 23 November, 2009, 9:20 am
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Get it straight the FED doesn’t buy anything, it prints money. The FED is the US gov’t.
Your left pocket needs cash and your right pocket prints the money. left pocket spends the newly printed cash and sticks an IOU in the right pocket.
A shell game, a ponzi scheme, the largest ponzi scheme the world will ever know.
This one is a MUST SEE: “Our Slow-Motion Crisis”
http://www.chrismartenson.com/blog/slow-motion-crisis/31695
Email this article/link to everyone you know, post it far and wide. Put in on your facebook page, send a copy to your Congressman, tell all your friends. Reference it in your online commentary.
Does the government serve the people, or, do the people serve to government?
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