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Author: www.freedomtofascism.comwww.freedomtofascism.com Date: May 29, 2008 19:04
US and European debt markets flash new warning signals
By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 12:38am BST 30/05/2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/29/cndebt129.xml
Relevant excerpt:
"But there are now concerns that the Fed itself may be exhausting its $800bn
(£399bn) stock of assets. It has swapped almost $300bn of 10-year Treasuries
for questionable mortgage debt, and provided Term Auction Credit of $130bn."
Wondering what the Fed is up to? Wonder no more...
They're screwing the banks...
The Treasuries the Fed is swapping are worthless -- people can't pay back
national debts with dwindling salaries and inflation. So the Fed is giving
what they know are worthless notes in exchange for worthless mortgages BUT
with those mortgages come land. Lots and lots of land.
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Author: www.freedomtofascism.comwww.freedomtofascism.com Date: May 29, 2008 20:02
On Thu, 29 May 2008 21:15:21 -0500, kim nowhere.net> wrote:
>>US and European debt markets flash new warning signals
>>By Ambrose Evans-Pritchard, International Business Editor...
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Author: www.freedomtofascism.comwww.freedomtofascism.com Date: May 30, 2008 20:18
On Fri, 30 May 2008 11:49:07 -0500, "Heywood Jablowmi"
optonline.net> wrote:
>must be good
I have insider information there may be a flood. :)
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