- Elizabeth Warren "We Have A Real Problem Coming" (Video on page)
- 4 Trillion Dollar Tax Outlay (Chart)
- Report: Record Number of California Foreclosures Scheduled For Sale
- Max Keiser on Unemployment (Video)
- A Game Better Not Played
- Monthly Chinese Purchases of US Treasuries (Chart)
- Jobless Claims Rise "Unexpectedly" to 558,000
- Jim the Realtor (Video)
- Distressed now 63% of all sales (Chart)
The average California foreclosure has a total loan balance of $425,134 on a home that is now worth $236,739.
Max Keiser on Unemployment[video:http://www.youtube.com/watch?v=eVicwzE-u3A]
There, we will lean how Bernanke will manipulate the markets going forward… or not. What a game, one that our nation would be a lot better off not playing. Just remember that what Bernanke says and what he does are two different things. The numbers still do not add up for me. I know we now have a lot of smart people looking at auctions but what I’m telling you is that there are false bids from the primary dealers and there are surrogates of the PD’s who are providing false demand for our debt with the Fed’s printed backing. This is a house of cards that is highly likely to come crashing down around Bernake’s head at some point – Ponzi finance ALWAYS eventually does.
I won’t play the analyst game of what he will or should say and how the markets will or should react. That’s losing sight of the big picture. The big picture is that the Fed is manipulating the flow of capital and they are manipulating investor’s expectations. Your government has no right and no business doing so. There’s no doubt that the Fed is under pressure from the Chinese to knock off devaluing their dollar assets, thus I would simply expect the Fed to talk up how they are maintaining their BS strong dollar policy, but behind the scenes they will be covertly destroying it. If they do truly stop the nonsense then the dollar would instantly gain tremendously. Risky trade in here due to their manipulation that’s not worth the risk to anyone’s capital in my opinion.
Analysts had expected a smaller decline …
Jim the Realtor (Video)[video:http://www.youtube.com/watch?v=ozug6vKazf0&feature=player_embedded]