FED Cancels the Production of BMW's M-3! -- and the Real Estate Bubble!

• Disconnect 101 and "Discontinuance of M-3" -- Federal Re$erve Guidenote

• Housing Bubbles Burst Could Cost 1 Million Jobs and Cause a Recession, Experts Say -- SanDiego.Com

• "Ditto" -- the original article by Ellen Simon, Associated Press

• Housing Bubble -- Center For Economic and Policy Research [ www.cepr.net ]

• Great analyses in several essays but read with particular attention to the .pdf position paper. by Messrs. Dean Baker and David Rosnick, two pretty dang smart dudes:
  Will a Bursting Bubble Trouble Bernanke?: The Evidence for a Housing Bubble

• What is M-3? [Google Search]

• Discontinuance of M-3, Scoop New Zealand

• Money Supply, M-1, M-2, and M-3 Defined [Wikipedia]

• M-3 Money Supply: Support of a Different Kind -- Guy M. Lerner {www.gold-eagle.com]

• FSOs FEDWATCH

FED Cancels the Production of BMW's M-3! -- and the Real Estate Bubble!
Ole Bear Editor, Commentary

I can just imagine the conversation when the Federal Re$erve Chairman calls the Chairman of the Board in Bavaria, Germany and tells this dude that he has to stop production on the Bavarian Motor Works's [that's BMW, Folks!] M-3, which is a very classy, sporty, well-appointed, and very androgenic friendly little sports car. I don't know very much German at all, but I can imagine that the Chairman of the Board of BMW in Germany would probably tell the current FED HEAD in the US States to stick his Cadillac up his assets. You ain't touching mein 333 Horsepower in-line six M3, Herr Fractoid Re$ervoid, and Yah! -- you can put that up your Kibbles and Bits!

If you want to know what M-3 is, read Guy Lerner's essay at Gold Eagle. Simply put, it is the total money aggregate within an economy. Now why would the FED want to with-hold info and stats on the M-3 in the US Economy? [Hint: They either want to hide the inflation of the Bernanke Printing Press, or they don't want to spook anyone that the financial system could ever possibly deflate.] Richard Russell says it best, when he says: Inflate, or Die! Moving along, I stumbled over some keen work of the good ole boys over there at the Center of Economic and Policy Research. When mixed with a little real estate factoids, we ourselves have a nice combination of smoke and mirrors from the Fraudulent Un-Constitutional Federal Re$erve and their money laundering minions stealing our wealth through Bernanke's printing press. Why doesn't the FED just buy Johnson and Johnson and give everyone free K-Y as they drop legal tender fiat paper money out of their fleet of Jet 'Attack the Money System' Helicopters? The St. Louis FED is 125 miles from Columbia, Missouri, and we are not letting Benny the Brain Poole at the FED in St. Louis off the meat hook either. Doug Noland, every prudent bear's PrudentBear, over at Credit Bubble Bulletin does a great flying pig roast of Poole under the Silver Gateway Arch on the Mississippi River in Pollyanna Poole on the Current Account [11-10-2005 Credit Bubble Bulletin]. This is like viewing the antics of the English comedy guy, Benny Hill, on late night TV, except this time Benny has a beard talking absurdities about economics... and isn't that yellow, blue, pink, green, and orange Monopoly money he's talking about? Forget Tennessee Avenue, Marvin Gardens, and Baltic Avenue... gimme Boardwalk and Park Place, and 25 'Get Out of Jail Free' cards! Hey, if my real estate is going to support the Federal Re$erve money system, I want the high rent stuff that can bankrupt folks, if they get a bad roll of the dice!

The good ole boys over at the Center for Economic and Policy Research have a whole slough of essays and articles worth perusing in their public domain at their website, if one is into what's really going on in real estate backing the money system. These boys tackle three trends in the real estate markets supported by FED and GSE monetary policy, and these boys are basically junk yard dogs telling us that the spin-meisters at the FED are full of Buffalo maneuvers [manure]. Will a Bursting Bubble Trouble Bernanke? Of course this little 12 page pdf ditty is a nice summary of their late work, and is a nice easy read. Eyeball it for yourself!

I will give the FED HEAD pundits credit for picking up on how not reporting the M-3 will add fuel to the real estate bubble fire, perhaps keeping the retro-rockets stoked a might longer, because the right hand won't know what the left hand had done. When one is jiggling the inflating money system, it is best to be in private and behind a curtain with a lot of smoke and mirrors manipulating the data, or just with-holding the data. Why not? I give credit to the great work of the good ole boys over at the Center for Economic and Policy Research for their real estate bubble essays well done. Woof! Woof! Woof!

I am wondering how much longer it will take the Boyz at the FED to cancel the real estate bubble...???
And reinvent the wheel, the lever and fulcrum, and the pulley?
I guess while they are rewriting physics, and stuff...
these Rascals will re-invent realty relativity as well!
Have you ever played Monopoly, and the bank ran out of money?
What did you do? Got some paper and made your own!
Big Ole Bear Editor Belly Laugh!
When one is able to move faster than the speed of light squared at the slight-of-hand...
Any and all things are possible, are they not?

Ole Bear, Editor
Columbia, Missouri

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