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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (247685)	5/11/2010 10:37:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>Please note this is way different than the current system, because the current system does not, as he states he would, attempt to control the price of most assets (RE, stocks, etc).<< this is flat out wrong. taking credit parabolic to GDP, illegally, i might add, was done SPECIFICALLY to control prices of assets (stocks, housing)... market-ticker.denninger.net no, they won't tell you this - to expect criminals to admit to their crimes is a bit irrational, no? >>I see no reason why we have the tier system and the top banks get to borrow created money and skim off a fraction to distribute it to the economy.<< if it were only that bad, it would be a dramatic improvement to the current system. the "rent seekers," many of them the big money center bankers, then get to skim 7% +/- on average from the money supply (bigger money supply... market-ticker.denninger.net ...the bigger that 7%+/- gets. >>I'd be happy with the FED providing the entire function. But that would result in howls of "socialized banking" from well known quarters of the USA.<< there is more than one way to protect money center banker profits. we have to wrest control of the fed from the private international banking cartel. "We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." -- Robert H. Hamphill, Atlanta Federal Reserve Bank "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."