Wednesday, July 16, 2008

What is a government for, if not to save us from the impending disaster that its own policies have produced? Thank heavens for the government!

Notes on the Fannie Mae/Freddie Mac Bailout

"Because the Fed itself is the lender, the loan will take the form of newly created money—that is, the loan will be pure inflation, a hidden tax on all assets denominated in dollar units, including dollar balances themselves"

Posted by planning4acrash @ 10:29 AM (483 views)
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