December 2010 Archives - 3/45

Home foreclosures jump in 3rd quarter

MK: As predicted; the ‘strength’ in housing these past 12 months was unsustainable. The Fed was hoping to restart the housing ponzi scheme by giving away more lottery tickets (US debt-dollars) but that plan failed. Simply calling a mortgage debt jubilee in 2008 would have solved the problem already and cost A LOT LESS. Instead, all the debt-dollars circulated on Wall St. – increasing the bonus pool. The next phase of the crash in real estate prices will cause another crash in banking stocks – and another round of bailouts; expanding the Fed’s balance sheet to 10 – 15 trillion dollars. Silver and Gold are loving this. “Too big to fail” means no one will stop the printing press in any of the West’s banks. There is no one in charge because it’s impossible to know where these debts are – on whose balance sheet – at any given moment. So it’s impossible to shut this debt death machine off.

Guns and Butter
Wednesday, December 29, 2010, 1:00pm

“Banks, Bailouts and Manufactured Market Crashes” with Max Keiser. Stock price manipulation through electronic high speed trading; global totalitarian oligarchy; HSBC & JP Morgan manipulation of the silver market; stock market crashes more profitable than growth periods for traders; computers set up to steal; financial terrorism; suicide bankers; Fed policy that benefits the top 1%; growing social unrest; plague of mortgage fraud; IMF leveraged buy-out of Ireland, Greece, etc.; outsourcing of money creation; control through debt.

Streamed live 1pm PST at www.kpfa.org and archived.

Will let you know when the show airs on WBAI (maybe this Friday at 9am)

Bonnie Faulkner
Producer/Host
Guns and Butter

KPFA Radio, Berkeley, CA
WBAI Radio, New York, NY
www.gunsandbutter.org