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alstry (36.32)

Intentional Destruction of Amerika

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6

September 21, 2008 – Comments (1)

Published: February 11, 2000

The Federal Reserve chairman, Alan Greenspan, urged Congress today to encourage the growth of complex financial contracts known as derivatives before the United States share of that market and associated benefits are lost to other countries.

Recent advances in technology encourage the consolidation of the multitrillion-dollar market for over-the-counter derivatives, even as United States laws impede its development, Mr. Greenspan said in testimony to the Senate Agriculture Committee.

http://query.nytimes.com/gst/fullpage.html?res=990CEED7103EF932A25751C0A9669C8B63&sec=&spon=

Sorry folks....just one of those memory lane nights.

By the way......this process will go one of two ways.  We will either have hyperinflation where a loaf of bread costs a few hundred grand....or we will have deflation where I estimate homes will return to 1990 pricing for at least three years.

1 Comments – Post Your Own

#1) On September 22, 2008 at 2:26 AM, mliu01 (< 20) wrote:

I don't know why sheeples can't see what is going on. Are they really that stupid?

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