The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: glenn_a who wrote (14294)	5/23/2004 9:53:45 AM
From: russwinter	Read Replies (2) of 110194

Thanks for making the effort to get this Puplava-Fitts interview transcribed here, great contribution, even if I did end up with a major knot in my stomach after listening to it. I've always felt intuitively there was a big criminal enterprise at work on this whole mortgage/financial market/low interest rate arrangement. There's certainly historical precedent for it: the 80's S&L crisis. And there's plenty of political precedent historically on a smaller scale: just read about Huey Long, or the Pendergast machine in Kansas City, etc. crimemagazine.com This one is just a monstrous magnification of all that. In fact who knows how big this one is? But combine: no oversight, no accountability, sleazy politics, sycophatic bureaucrats, unlimited credit, rigged Soviet Union style markets, that's a clear recipe for massive fraud, stick-ups, and wealth transfers to criminals, and it's sickening.

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