> "Let me just say from the outset that the Federal Reserve has confirmed
> our Stock Market Crash forecast by raising the Money Supply (M-3) by
> crisis pro****tions, up another 46.8 billion this past week. What awful
> calamity do they see? Something is up. This is unprecedented, unheard-of
> pre-catastrophe M-3 expansion. M-3 is up an amount that we've never seen
> before without a crisis - $155 billion over the past 4 weeks, a $2.0
> trillion annualized pace, a 22.2 percent annualized rate of growth!!!
> There must be a crisis of historic pro****tions coming, and the Federal
> Reserve Bank of the United States is making sure that there is enough
> liquidity in place to protect our nation's fragile financial system. The
> amazing thing is, the Fed's actions mean they know what is about to
> happen. " -- Richard Russell
Want to know what this really means, why he is "Sir Alan Greenspan?"
Cor****ations are being given liquidity to enable them to buy up
remaining middle-class real assets during the credit collapse.
Every mortgage, municipal and state bond issue, every business
loan and second mortgage will be on the block AT MONEY-
STARVED DEFLATED PRICES (BECAUSE M3 IS BEING
EXPANDED WHILE M1, THE PAYCHECK AND SAVINGS
DEPOSIT MONEY, THE LOWER-LOOP MONEY OF THE
MIDDLE CLASS AND POOR IS BEING DEFLATED. THE
MONEY IN THOSE FORMS OF LIQUID MEDIUM THAT
ARE IN THE HANDS OF COR****ATIONS AND BANKS
AND THE "EURODOLLARS" (DOLLARS OVERSEAS IN
THE HANDS OF FOREIGNERS AND THE GLOBALIZED
AMERICAN ELITE) IS WHAT IS BEING PUMPED BY
MR. GREENSPAN.
What I am saying, without shouting, is that the boost in M3
is to replace credit buying and to troll the bottom for
deals after the credit collapse forces the middle class to
liquidate all land, capital, and other marketable valuables
they have lying around etc.
It may be argued that the the FED may be seeking to make
voters feel better by money illusion -- but again the voters
by and large are not getting any of this liquidity (although the
donors are! is this a payoff , a quid pro quo?
Also, the Fed may be giving cor****ations (remember the
money supply is increased when the Fed buys securities
paying with deposits (new reserves) upon which investment
bankers who float loans to cor****ations), as I was saying,
the Fed may be giving cor****ations extra liquidity under
the necessity of cor****ations needing extra bidding power
to bid productive capacity away from domestic uses
(food, clothing, medical, education, trans****tation,
infrastructure, public services, small business investment
to replace what has worn out etc. -- to bid productive
inputs away from these uses and devote them to killing
Arabs and Americans and running the warfare police state.)
They are foreclosing us -- probably because they always intended to,
but also because too many of us now know too much to allow us
to continue with the threatening power of middle-class incomes
and holdings.
Dick Eastman
Yakima, Wa****ngton
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