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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chispas who wrote (71182)	11/14/2007 10:21:17 AM
From: Chispas	Read Replies (1) of 116555

"Readers Who 'Get it'", today's Urban Survival - .......................................................... "Let me get something straight here. We find ourselves in the midst of a major financial meltdown, because of what? Because the Banksters created a lot of money out of thin air, in the form of debt and gave this "air created" money (as a loan) to borrowers to purchase an inflatedly priced home. The banksters then wrote this debt, that was created from nothing, into a ledger and called it a bank asset--yet it's still represents money that was created out of thin air. The banksters then bundled these "out of thin air" created "assets" together with other similarly created "assets" and gave these bundled assets some fancy names, such as "High Grade Structured Credit Enhanced Leverage Fund" so they could be sold to others. Now, the people that received the original money are having difficulty meeting the strict payback requirements of their air created loans because buried within the loan's contracts are clauses that allow for the Banksters to increase the interest at times on this debt that started out as nothing more than air. And, since many of the people are walking away from this money the banksters created that was given to them as debt, the banksters, and those that bought these fancy named, bundled "assets" that were created out of thin air are crying. Why are they crying? Because they are finding their "assets," that were created out of thin air are worth as much as... um... air. So, this real estate balloon was inflated by air (created money). Everyone knows what happens when too much air is put into a balloon. The air eventually releases very rapidly with a popping sound. Doesn't the same thing happen when air is used to create a housing balloon?" .......................................................... urbansurvival.com

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