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Bullcrap Ben Bernanke Has Telegraphed Another House Bubble


By bgamall4   Follow   Thu, 7 Feb 2013, 3:44pm PST   1,422 views   14 comments
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http://say-no-to-recourse-loans.blogspot.com/2013/02/bullcrap-ben-bernanke-has-telegraphed.html

I have predicted another housing bubble since 2010. Things were bleak then and most people laughed at me and called me crazy. I hold out the faint hope that those laughing critics will still be proven right, but the bubble has started.

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varmint   Thu, 7 Feb 2013, 5:18pm PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 1

The Fed sees remaining underwater homeowners as stalling the economy. Most were foreclosed upon, but some have enough money to pay off their debts.

Who are they to pay down debts? If only their house prices went up they would buy bigger ones and be more indebted!

marco   Thu, 7 Feb 2013, 8:05pm PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 2

Hey Gary ... just read your "banned" article from Business Insider. Great article. (I call it "Military Insider" sometimes, for its relentless militarism/pro Israel Oil War stance).

I've been "flagged off" that BI site numerous times for telling the truth about the Banks/WallStreet/Military raping of America ( with Mr. Obama's explicit blessing).

BI is owned by the status quo, and Joey W is totally illiterate, can't even spell with a spell check. Morons all at BI (for a paid price).

marco   Thu, 7 Feb 2013, 8:10pm PST   Share   Quote   Permalink   Like (3)   Dislike     Comment 3

Here's an example of what BI will "flag" off their site. Direct quotations from a US President, presented without comment after one of the incessant pro-military articles.

"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. "

Dwight D. Eisenhower 1961

"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life at all in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron."

Dwight D. Eisenhower, From a speech before the American Society of Newspaper Editors, April 16, 1953

bgamall4   Thu, 7 Feb 2013, 11:42pm PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 4

marco says

"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. "

Dwight D. Eisenhower 1961

The military industrial complex has taken over. And it is in bed with big finance. There are a few in big finance that fight it, like George Soros, but he wants to fight it with a super sovereign government. IMO that will be worse. That puts you in uncharted territory where the bankers are fully in charge with absolutely no sovereign ability to ward them off.

bgamall4   Thu, 7 Feb 2013, 11:55pm PST   Share   Quote   Permalink   Like   Dislike     Comment 5

marco says

Hey Gary ... just read your "banned" article from Business Insider. Great article. (I call it "Military Insider" sometimes, for its relentless militarism/pro Israel Oil War stance).

Thanks, Marco. While it wasn't banned, someone blocked it from the front page. I was dumfounded at that, and then when the editor told me it was too anti banker, it woke me up.

Ifany of you didn't get down that far here is the link to the article that was pretty much ignored by BI. It showed the determination of JPM to blow another housing bubble:

http://www.businessinsider.com/andrew-rice-sorkin-just-exposed-jamie-dimons-agenda-2011-6

I had to change the title since I was thinking about Andrew Dice Clay instead of Andrew Ross Sorkin, lol.

FortWayne   Fri, 8 Feb 2013, 12:54am PST   Share   Quote   Permalink   Like   Dislike     Comment 6

BI is just a hack, bunch of propaganda talking heads. That's what our country has become.

bgamall4   Fri, 8 Feb 2013, 1:36am PST   Share   Quote   Permalink   Like   Dislike     Comment 7

FortWayne says

BI is just a hack, bunch of propaganda talking heads. That's what our country has become.

There is hope for a more balanced view, now that Henry has been betrayed once again by JP Morgan. But the money is good and there is risk in coming down on the bankers. It all boils down to conscience, I guess.

FortWayne   Fri, 8 Feb 2013, 1:48am PST   Share   Quote   Permalink   Like   Dislike     Comment 8

bgamall4 says

FortWayne says

BI is just a hack, bunch of propaganda talking heads. That's what our country has become.

There is hope for a more balanced view, now that Henry has been betrayed once again by JP Morgan. But the money is good and there is risk in coming down on the bankers. It all boils down to conscience, I guess.

I think it'll just boil down to dollars and cents, I doubt these people that up high have any conscience left.

bgamall4   Fri, 8 Feb 2013, 2:12am PST   Share   Quote   Permalink   Like   Dislike     Comment 9

FortWayne says

I think it'll just boil down to dollars and cents, I doubt these people that up high have any conscience left.

Well, your view may well prevail. I do know that BI was outraged at the trading losses in the UK by Dimon and JPM. That was depositor money that is used to gamble in the UK square mile casino, the most reckless in the world.

bgamall4   Fri, 8 Feb 2013, 2:17am PST   Share   Quote   Permalink   Like   Dislike     Comment 10

If any of you guys want to use a hashtag to tweet this #bullcrapben might be appropriate. :)

P N Dr Lo R   Mon, 11 Feb 2013, 1:05am PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 11

I guess a reasonable expectation that you're able to pay the mortgage based on income, work and credit history today translates into those horrible "Tight lending standards..." of yore.

The most stringent qualifications I ever heard of was when a teacher friend of my mother and her husband applied for a loan in the late 60's. As part of the application process, they both had to have physicals. It was lucky they did because it was discovered that the lady had cancer. However, it was in such an early stage that it was completely eradicated, they ultimately got the house and she lived into her early 90's.

JodyChunder   Mon, 11 Feb 2013, 1:11am PST   Share   Quote   Permalink   Like (3)   Dislike     Comment 12

bgamall4 says

the editor told me it was too anti banker,

A euphemism for too-much-teeth.

MMR   Mon, 11 Feb 2013, 2:00pm PST   Share   Quote   Permalink   Like   Dislike (1)     Comment 13

He said "bullcrap"....oooh....Im telling

bgamall4   Mon, 11 Feb 2013, 3:54pm PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 14

MMR says

He said "bullcrap"....oooh....Im telling

Don't tell Ben.

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