See: GoldMoney
Current Commentary by James Turk Ole Bear, Editor, Commentary Mumbo Jumbo "A
time will come when we cannot provide guidance about our policy -- Fed Governor Donald L. Kohn, April 14th, 2005 speech in San Francisco Hey, somebody knock Fed Boy Kohn over the head with a 2x4! Word on the street has it that the real estate market ain't so hot in San Francisco. Does anybody understand this Mumbo Jumbo about guidance and strategy that will be needed! Reading between the lines, when real estate craps out in a about 5,000 micro realty markets and folks are up to their eyeballs in debt and don't have jobs [partly due to the Politicos on Capitol Hill and in the White House allowing illegal immigration and giving 'em money to buy real estate to help prop things up], Folks just might wake up on Main Street America and figger out that the Fed Boys have done robbed 'em all blind of their money. We are pretty sure when these Fed Boys have finished destroying the remaining 5% of the purchasing power of the Federal Reserve Note robbing folks blind, that the strategy for the Fed Boys will be to print a new funnie money just like they did in the Weimar Republic in the 1920s, and tell folks everything's hunky dory, because this new money we printed is much better, prettier and has value. Well, a sucker is born every minute, and the nice folks in the Weimar Republic, most of which are not among us anymore, bought this cock and bull [another form of Mumbo Jumbo] hook, line, and sinker. It ended that nasty thing called hyperinflation, and the value of wheel barrels went down. Although this cockalorum from the Fed Boy in San Francisco last week sounds impressive with the use of words that don't mean a thing, this is in our view, is a pretty good attempt at obfuscation. However, we suspect that when the tar and feathers get collected on Main Street America, all those Fed Boys will become nidderings looking for a few rocks to hide under. Since I provided some great essay links today, I will keep our commentary short, and leave our readers with this parting shot: "In
the meantime, all should understand that the guidance we do provide -- Fed Governor Donald L. Kohn Growing up in the Mississippi Delta, stealing was still stealing. To tell a lie, was still telling a lie. Same stuff applies in the Show Me State and on Main Street America. Real estate bubble? -- Nahhhhh! Yours Truly, Ole Bear, Editor © 2005 Realty Reality |
GLOBAL
REAL ESTATE MARKETS FORUM