another government bailout in the sight...most of the FHA mortgages are under water...
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PETER SCHIFF
Saturday, September 19, 2009
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I think it's pretty obvious that the government has given up on the dollar. They know it's not really worth anything anymore, and they clearly have no intention of trying to protect its value. Instead they're running it to the ground for as much as they can, for now. They know they can't do any more damage than they have already done, so they're just playing games. The final result will be the extraordinary transfer of real wealth on "false" grounds, as American stocks--on all levels--are bought up for virtually nothing by those individuals with protected wealth (that means wealth based outside of the American economy).
ReplyDeleteSo what will the currency replacement be, and where will it come from? I think that's the question worth focusing on from here on in. It might be the 'Amero' that people have been talking about. It will be interesting to see how the final game plays out.
And don't believe for a second that the controlling elite (whoever they are) does not understand what Mr Schiff is taking about. They are not that dumb. These guys know what they are doing. That's why this is so interesting...what exactly are the secondary plans? I reckon they must be exist.