Thursday, July 19, 2007

Bernake opens mouth: Turd falls out


So this shill for the London based financial globalists (Rothschilds) and the Wall Street thugs that want to enslave you and I just announced that he is going to do something about those naughty abusive loans that are getting ready to DVDA the country’s economy. You know those same loans that Fed Chairman Alan Greenspan was touting as a smart move for consumers just three short years ago:
From: http://fraser.stlouisfed.org/historicaldocs/ag/download/29202/Greenspan_20040223.pdf
"option-adjusted spread" on mortgages suggest that the cost of these benefits conferred by fixed-rate mortgages can range from 0.5 percent to 1.2 percent, raising homeowners' annual after-tax mortgage payments by several thousand dollars. Indeed, recent research within the Federal Reserve suggests that many homeowners might have saved tens of thousands of dollars had they held adjustable-rate mortgages rather than fixed-rate mortgages during the past decade, though this would not have been the case, of course, had interest rates trended sharply upward.”
So let me get this straight: After directly enabling a massive asset and credit bubble with the help of Fed printing presses, the Yen Carry Trade and a steaming pile of insane risky (and ultimately worthless) credit derivatives that only a coked up Bond trader with Asperger’s syndrome can comprehend, Ben is going to get off his ass and do something. It’s too late for the estimated HALF TRILLION dollars in ARMs that are going to reset. Now first of all that is a lot of fucking money anyway but think about how much of that is in properties that are vastly inflated to begin with.
But don’t worry. Ben is going to think up some new rules that could protect
http://www.msnbc.msn.com/id/19850604/ “would-be homeowners and prevent problems from recurring”. Oh never mind. Fuck that half trillion. Those guys, just water under the bridge. Great Ben. What about the more than 1 million Americans who will probably lose their homes this year? I don’t think they will be giving a shit about new policies that you are dreaming up while getting fisted by your Wall Street hedge fund buddies.
Here is how Anarchy X thinks it will play out: A lot of people (including AnarchyX) are going to be
1. Fucked
2. Homeless
3. Pissed off
4. Out of work (Probably you and I)
5. Ready for some head chopping medieval fun!
(This is where Blackwater comes in with their new 6000 acre private training facility where the folks that will protect the likes of Bernake from you and I are currently getting ready http://www.blackwaterusa.com/training/bw_default.asp )

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