Tuesday, December 28, 2010

Lets see now: Fed lends money to banks at zero to 25 bps, the banks take the money and buy Treasuries, two year, three year, five year at 2 to 3.9 percent, banks then pledge the Treauries to the Fed and borrow 95% of the face value at zero percent, buy more treasuries and do this again and again, before long the banks are healthy! And the US is bankrupt...and this is not counting the 1.3 trillion in mortgage principle or how many stock index futures the Fed keeps buying to kick in Buy Program trading...this will end badly.The good times will keep rolling until China stops buying our debt. Sooner or later China will realize that they are holding junk bonds.The bankers are "f******* retarded." Don't buy anything with interest. Bring them to their knees. When they have to give up their mansions, vacation homes, yachts, race cars, motor homes, private jets, servants, etc, they might give you a loan for 1% per year.WHAT?

Bush inherited a recession from Clinton and created more jobs in his first two years than Obama could ever dream of? Jobs created, not ghost jobs created like this administration.

Look it up!

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