All Fiat Currency Economies Turn To Banana Republics: America is Next
By: Paul Craig Roberts
Market Oracle
Sep 28, 2012
America, The Next Banana Republic America will become a great nation again when We The People grow a set and admit that we have been duped, abused and used like pawns on a chessboard… when liberals and conservatives alike finally admit that “their guys”are no different from the other on the REAL issues confronting our nation
QE Unlimited is being done through mortgage backed securities, yep folks the Federal Reserve now owns your mortgage, and it’s private…this little fact should make people shit their pants but the media spins it so badly nobody will know until it’s too late…oh wait, it’s already too late…and the QE3 was dealed off btw the FED and the BigBanks before, so the FED prints 45$ billion out of thin air,buys the mortgages from the banks, the banks therefore buys with that money the t-bills,so the goverment still can pay the interest rates.But the FED put this mortgages on the derivates market with a ratio of 9, so they get 360 Billion Dollars.That means some Investors from China may own your house for instant. Hyperinflation will break down the derivates market.Buy gold and silver!
