Posted: Oct 5, 2008, 10:24 PM CST
Indyfella wrote:It might play again late night. It was on this afternoon and now. It really is interesting.
Fox not the place to be watching.Bloomberg not any better.
To nots.
Where than ,WHERE?
The truth is out there Scully.
Here's the scoop.The banks are told what to do with the almost free money they get at the discount window.
So it's the feds fault.YES definately.
But wait,there is more.
When the U.S. gets a cold the entire world gets pneumonia.
While the BONDS weren't moving back then we added something called CDS to it.Credit Default Swaps.It was like an "insured" bond.Yep.Junk bond with an insurance policy."Hey it's insured",they said.
This worked well.In fact so well,the CDS market became bigger than the Corporate debt markets.Seriously alot bigger.
So here we are crusing along and everything is fine but a few things.
Hyper inflation.
Gold blows past 1000 folks for very long you will see some even bigger names go under.The fed knows this.
Notice Bush keeps jawboning the US dollar into strength?
In a way we are bailing ourselves out.This is a good idea.
Indy and Walt get together with Conrad and his group and buy California real estate for pennies on the dollar.
Hell yeah.I'll take that deal all day.We will eventually get a surplus from this.Imagine that.The US government turnng a profit?Nah,better check those numbers again.
If you want more i have more.
YES,,answer is YES!
Smoke should clear in about 15 months.Been thru worst.Alot worst.
Hey ya go.Motley Crue - Dr. Feelgood
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