Google stands up for the Constitution and the Bill of Rights, and its stock price gets hammered as a result? Gee Whiz, that looks suspect, does it not? Measured, unmeasured in FED$PEAK -- perhaps these clowns need to buy some measuring cups and other kitchen supplies while they toy with the economy. The Moneychanger's little essay is pretty succinct and sweet, and has a couple of nice charts. The first essay linked above, Our Worst Nightmare...the Housing Bubble, is a most excellent read. Most everyone else on the planet can see through the hocus pocus of these GSEs, but it appears the CEO at Freddie does not have a clue. Gary North's essay is intensely frightening. It is good reason to have an offshore e-gold bank account as well as physical Au and Ag in your hot little hands. Au is gold. Ag is silver, i.e., real money. When Argentina melted down a couple of years ago, their government froze bank accounts, and the ability to send money out of the country. Their peso which was pegged at one on one to the US Dollar, did a 4 to 1 reverse split, and depreciated almost overnight to 25 cents on the buck. Given that our real estate and our fraud money system are both debt backed, and that all these derivative counter party instruments can melt down like throwing a hand grenade into a firecracker store, we suspect Helicopter Ben could be having some sleepless nights. I hope Helicopter Ben has some good pilots and mechanics hired at the FED to keep those flying printing presses and jet attack helicopters fully operational. One of these days, we are all going to need them. Just for good measure though, we suspect Helicopter Ben needs to also acquire a fleet of B-52s. They have a greater payload capacity than those tiny helicopters, and a much longer flying time and range.
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