Two points: he references 'shadowstats' which is not a reliable source of econ data. In particular their claims about inflation are not credible:
<http://www.econbrowser.com/archives/2008/09/shadowstats_deb.html> I lived through the 60's and 70's and I know what high inflation looks and smells like. We're not experiencing 11.2% inflation, son. Also, I hope that 'how to invest in silver and gold' link is a googlead, and not his schtick, because goldbugs have no credibility. But yeah, the banks are going to get a free pass on the robosigning, because if they don't, the whole house of mortgage cards comes down, and the only solution is a whole lotta people get free houses. This is not without a certain amount of appeal. Yes, there will be a lot of people who luck out in the debt lottery, many who are really not deserving of this bounty (I can say I feel this acutely, having bought a cheap house, and worked diligently to pay off my mortgage, so that now I own a sinking ship outright :-/ The ants will get screwed and the grasshoppers will laugh in their faces. However, this will benefit the 99% a lot more than the current system where the 1% are the grasshoppers and they're not only laughing at us they're shitting on our heads. The first few banksters to whine about 'Moral Hazard' get dragged out and publicly guillotined. That'll shut them up. If we're lucky more of 'em will get fired and have to go get economically productive jobs, like cleaning out septic tanks with their tongues. On the upside, when all that weight of mortgage debt goes away there will suddenly a lot of money formerly locked up in mortgage payments flowing out to assuage this massive SHIT TON of pent up demand. THAT is a tide that'll lift a lot more boats. Whether it'd be a good idea in the long run or not is a question for the ages, certainly it's better than, say, what's happening in Greece where apparently the European Union has decided to make Greece their economic Lidice, I guess, to teach Italy, Spain and Portugal that the banksters mean business: "Private bondholders are more important than nations or the people." "This loan shark says, make them pay, beat them until they pay everything, but don't beat them so hard that they can't keep paying. That loan shark says, if you don't make an example of this one, the others won't respect you. Beat them to death." <http://www.eurotrib.com/story/2012/2/12/8913/17655> Demanding cuts in private wages for help with public debts owed to private investors is not 'free markets'. It's a thugocracy. On Feb 13, 2012, at 5:08 PM, Francis Drouillard wrote: > Greg Hunter's website is a good one to watch. He's rather apolitical, not > that knowledgeable of finance, but passionate about common sense, openness > and fairness. He does some decent reporting on the topic, and asks questions > that his colleagues in the media should be asking. > > BTW, he gives serious props to Dylan(?) Ratigan on this issue: > <http://usawatchdog.com/will-big-banks-get-free-pass-in-robo-signing-mortgage-mess/> > > > On Feb 13, 2012, at 2:37 PM, Bruce Johnson wrote: > >> >> On Feb 13, 2012, at 3:04 PM, [email protected] wrote: >> >>> No two ways about it: >>> >>> <http://usawatchdog.com/mortgage-and-foreclosure-fraud-syrian-revolution-and-more/> >>> >>> Greg Hunter has been screaming for the prosecution of banksters (Copyright >>> 2011 Bruce Johnson). >> >> Thanks for the attribution, but I didn't come up with that one. >> >>> Looks like he'll have to wait a bit longer. >> >> yeah this is starting to come up smelling considerably less than rosy, but >> sadly, it's yet another case of "If you're going to steal, steal big". >> >> Just got my property tax valuation...down another 15% this year. On the >> bright side, this finally brings the value down to the longer term gain in >> price set before the bubble, on the dim side, while the economy has >> recovered enough to bring in more tax revenue, our Legislative Morons are >> doing things like this with the money: >> >> <http://azstarnet.com/news/local/govt-and-politics/border-militia-bill-requests-m-for-ariz-patrols/article_66c2e34b-c446-5dba-9303-65c623185b8f.html> >> >> Paying to arm and install the Governor's private army on the border. Because >> THAT will work out well, just like the other folks that have come to >> volunteer to do that: >> >> <http://www.longislandwins.com/index.php/features/detail/from_border_militia_leader_to_convicted_murderer_shawna_fordes_misguided_as/>. >> >> Snowflake, Arizona where the sponsor of this bill is from, is a small town >> just south of I40 in the northern tier of the state. She lives closer to >> Utah than she does to Mexico. >> >> -- >> Bruce Johnson >> University of Arizona >> College of Pharmacy >> Information Technology Group >> >> Institutions do not have opinions, merely customs >> >> >> -- >> You received this message because you are subscribed to the Google Groups >> "StrataList-OT" group. >> To post to this group, send email to [email protected]. >> To unsubscribe from this group, send email to >> [email protected]. >> For more options, visit this group at >> http://groups.google.com/group/stratalist-ot?hl=en. >> >> > > -- > You received this message because you are subscribed to the Google Groups > "StrataList-OT" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]. > For more options, visit this group at > http://groups.google.com/group/stratalist-ot?hl=en. > -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
