[CA renter]

BTW, if you consider all the administrative expenses in addition to the losses from all the bad paper, I’m guess the bill will end up in the $2 TRILLION range.

No way they keep this at $500B. Not a chance.

[CA renter]

I’m going to go out on a limb and venture that George W. Bush did not plan all of this, and doesn’t comprehend why this is all happening.
————–

I think Bush and most of the other high-level financial executives and policy makers knew what was going to happen…even to the extent that this was all by design.

Too many actions that permitted the credit bubble to grow the way it did — legislative, fiscal, etc. policies that literally drove the credit bubble higher. IMHO, the long-term goal was to extract wealth from the system and then default on our debt via currency crisis.

I knew Bernanke was going to be the next Fed chairman when Bush took him on as an economic advisor. He was specifically chosen because of his extensive research on the Great Depression, IMHO.

The credit bubble was no accident. Many people were trying to warn the respective regulators and policy makers, and were rebuffed at every turn.

[CA renter]

I’m going to go out on a limb and venture that George W. Bush did not plan all of this, and doesn’t comprehend why this is all happening.
————–

I think Bush and most of the other high-level financial executives and policy makers knew what was going to happen…even to the extent that this was all by design.

Too many actions that permitted the credit bubble to grow the way it did — legislative, fiscal, etc. policies that literally drove the credit bubble higher. IMHO, the long-term goal was to extract wealth from the system and then default on our debt via currency crisis.

I knew Bernanke was going to be the next Fed chairman when Bush took him on as an economic advisor. He was specifically chosen because of his extensive research on the Great Depression, IMHO.

The credit bubble was no accident. Many people were trying to warn the respective regulators and policy makers, and were rebuffed at every turn.

[CA renter]

I’m going to go out on a limb and venture that George W. Bush did not plan all of this, and doesn’t comprehend why this is all happening.
————–

I think Bush and most of the other high-level financial executives and policy makers knew what was going to happen…even to the extent that this was all by design.

Too many actions that permitted the credit bubble to grow the way it did — legislative, fiscal, etc. policies that literally drove the credit bubble higher. IMHO, the long-term goal was to extract wealth from the system and then default on our debt via currency crisis.

I knew Bernanke was going to be the next Fed chairman when Bush took him on as an economic advisor. He was specifically chosen because of his extensive research on the Great Depression, IMHO.

The credit bubble was no accident. Many people were trying to warn the respective regulators and policy makers, and were rebuffed at every turn.

[CA renter]

I’m going to go out on a limb and venture that George W. Bush did not plan all of this, and doesn’t comprehend why this is all happening.
————–

I think Bush and most of the other high-level financial executives and policy makers knew what was going to happen…even to the extent that this was all by design.

Too many actions that permitted the credit bubble to grow the way it did — legislative, fiscal, etc. policies that literally drove the credit bubble higher. IMHO, the long-term goal was to extract wealth from the system and then default on our debt via currency crisis.

I knew Bernanke was going to be the next Fed chairman when Bush took him on as an economic advisor. He was specifically chosen because of his extensive research on the Great Depression, IMHO.

The credit bubble was no accident. Many people were trying to warn the respective regulators and policy makers, and were rebuffed at every turn.

[CA renter]

I’m going to go out on a limb and venture that George W. Bush did not plan all of this, and doesn’t comprehend why this is all happening.
————–

I think Bush and most of the other high-level financial executives and policy makers knew what was going to happen…even to the extent that this was all by design.

Too many actions that permitted the credit bubble to grow the way it did — legislative, fiscal, etc. policies that literally drove the credit bubble higher. IMHO, the long-term goal was to extract wealth from the system and then default on our debt via currency crisis.

I knew Bernanke was going to be the next Fed chairman when Bush took him on as an economic advisor. He was specifically chosen because of his extensive research on the Great Depression, IMHO.

The credit bubble was no accident. Many people were trying to warn the respective regulators and policy makers, and were rebuffed at every turn.

[CA renter]

I haven’t done the research on historical RE price growth in the previous decade, so the 8% is a total swag…
——————–

You’re forgetting the cycles. RE does not go up every year, forever.

IMHO, look at **wage** inflation as a rough estimate of how much higher prices should climb. Personally, I think prices should revert to pre-2001 levels (nominal), and the credit contraction may well bring prices even lower (affordable housing is a GOOD thing). 🙂

[CA renter]

I haven’t done the research on historical RE price growth in the previous decade, so the 8% is a total swag…
——————–

You’re forgetting the cycles. RE does not go up every year, forever.

IMHO, look at **wage** inflation as a rough estimate of how much higher prices should climb. Personally, I think prices should revert to pre-2001 levels (nominal), and the credit contraction may well bring prices even lower (affordable housing is a GOOD thing). 🙂

[CA renter]

I haven’t done the research on historical RE price growth in the previous decade, so the 8% is a total swag…
——————–

You’re forgetting the cycles. RE does not go up every year, forever.

IMHO, look at **wage** inflation as a rough estimate of how much higher prices should climb. Personally, I think prices should revert to pre-2001 levels (nominal), and the credit contraction may well bring prices even lower (affordable housing is a GOOD thing). 🙂

[CA renter]

I haven’t done the research on historical RE price growth in the previous decade, so the 8% is a total swag…
——————–

You’re forgetting the cycles. RE does not go up every year, forever.

IMHO, look at **wage** inflation as a rough estimate of how much higher prices should climb. Personally, I think prices should revert to pre-2001 levels (nominal), and the credit contraction may well bring prices even lower (affordable housing is a GOOD thing). 🙂

[CA renter]

I haven’t done the research on historical RE price growth in the previous decade, so the 8% is a total swag…
——————–

You’re forgetting the cycles. RE does not go up every year, forever.

IMHO, look at **wage** inflation as a rough estimate of how much higher prices should climb. Personally, I think prices should revert to pre-2001 levels (nominal), and the credit contraction may well bring prices even lower (affordable housing is a GOOD thing). 🙂

[CA renter]

My mother lived in Vienna, Austria during WWII. She always told me that bad things happen very quickly; otherwise, the populace could try to intervene and stop it.

A friend of mine is a “conspiracy theorist” and told me that a friend of his checked out one of the “camps” that were being built a couple of years ago…purportedly as a prison or training camp of some sort. They are there. Question is…what are they going to be used for?

The concept of the Amero and “united Americas” have been around for a while. Many think this is part of the plan laid out by the SPP. Here is the government (not tin-foil hat) site:

SPP Background

The Security and Prosperity Partnership of North America (SPP) was launched in March of 2005 as a trilateral effort to increase security and enhance prosperity among the United States, Canada and Mexico through greater cooperation and information sharing.

This trilateral initiative is premised on our security and our economic prosperity being mutually reinforcing. The SPP recognizes that our three great nations are bound by a shared belief in freedom, economic opportunity, and strong democratic institutions.

http://www.spp.gov/

[CA renter]

My mother lived in Vienna, Austria during WWII. She always told me that bad things happen very quickly; otherwise, the populace could try to intervene and stop it.

A friend of mine is a “conspiracy theorist” and told me that a friend of his checked out one of the “camps” that were being built a couple of years ago…purportedly as a prison or training camp of some sort. They are there. Question is…what are they going to be used for?

The concept of the Amero and “united Americas” have been around for a while. Many think this is part of the plan laid out by the SPP. Here is the government (not tin-foil hat) site:

SPP Background

The Security and Prosperity Partnership of North America (SPP) was launched in March of 2005 as a trilateral effort to increase security and enhance prosperity among the United States, Canada and Mexico through greater cooperation and information sharing.

This trilateral initiative is premised on our security and our economic prosperity being mutually reinforcing. The SPP recognizes that our three great nations are bound by a shared belief in freedom, economic opportunity, and strong democratic institutions.

http://www.spp.gov/

[CA renter]

My mother lived in Vienna, Austria during WWII. She always told me that bad things happen very quickly; otherwise, the populace could try to intervene and stop it.

A friend of mine is a “conspiracy theorist” and told me that a friend of his checked out one of the “camps” that were being built a couple of years ago…purportedly as a prison or training camp of some sort. They are there. Question is…what are they going to be used for?

The concept of the Amero and “united Americas” have been around for a while. Many think this is part of the plan laid out by the SPP. Here is the government (not tin-foil hat) site:

SPP Background

The Security and Prosperity Partnership of North America (SPP) was launched in March of 2005 as a trilateral effort to increase security and enhance prosperity among the United States, Canada and Mexico through greater cooperation and information sharing.

This trilateral initiative is premised on our security and our economic prosperity being mutually reinforcing. The SPP recognizes that our three great nations are bound by a shared belief in freedom, economic opportunity, and strong democratic institutions.

http://www.spp.gov/

[CA renter]

My mother lived in Vienna, Austria during WWII. She always told me that bad things happen very quickly; otherwise, the populace could try to intervene and stop it.

A friend of mine is a “conspiracy theorist” and told me that a friend of his checked out one of the “camps” that were being built a couple of years ago…purportedly as a prison or training camp of some sort. They are there. Question is…what are they going to be used for?

The concept of the Amero and “united Americas” have been around for a while. Many think this is part of the plan laid out by the SPP. Here is the government (not tin-foil hat) site:

SPP Background

The Security and Prosperity Partnership of North America (SPP) was launched in March of 2005 as a trilateral effort to increase security and enhance prosperity among the United States, Canada and Mexico through greater cooperation and information sharing.

This trilateral initiative is premised on our security and our economic prosperity being mutually reinforcing. The SPP recognizes that our three great nations are bound by a shared belief in freedom, economic opportunity, and strong democratic institutions.

http://www.spp.gov/

[Author]

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