We didn't learn anything from the S&L crash of the '80s... that cost us $150 billion. Now... a $100 Trillion juggernaut is heading our way with all the obligations the gov't has promised like Social Security and Medicare, and the big magilla, Medicaid. Go read PIMCO's blog post called "Skunked." YIKES!!!
After two years... what are those MBS instruments worth? What the Fed paid for them? I doubt it, with house prices dropping consistently and likely to continue to drop. God help us.
This is interesting. Especially when Bernanke comes out and says to the world just a couple of weeks ago that he is entirely confident that inflation is not a concern for a long time and he can deal with it when it starts to happen.
He looks really confident when he says this. So, is he a terrific liar? Or, is he just afflicted with some sort of amazing delusional capacity.
Does the Fed have a positive cash flow?
Ape65 2 months ago in playlist More videos from cedec0
We didn't learn anything from the S&L crash of the '80s... that cost us $150 billion. Now... a $100 Trillion juggernaut is heading our way with all the obligations the gov't has promised like Social Security and Medicare, and the big magilla, Medicaid. Go read PIMCO's blog post called "Skunked." YIKES!!!
ExZonie 10 months ago
After two years... what are those MBS instruments worth? What the Fed paid for them? I doubt it, with house prices dropping consistently and likely to continue to drop. God help us.
ExZonie 10 months ago
This is interesting. Especially when Bernanke comes out and says to the world just a couple of weeks ago that he is entirely confident that inflation is not a concern for a long time and he can deal with it when it starts to happen.
He looks really confident when he says this. So, is he a terrific liar? Or, is he just afflicted with some sort of amazing delusional capacity.
LisaJ4Liberty 3 years ago
Eric you do incredible work. I will spread this video around.
teewillis1981 3 years ago 2