Martin Armstrong On The Fed, QE2, Bernanke, Buffett & Goldman Sachs - From Prison

Thought some of you would find this interesting.  Hammered out on a prison typewriter, take a look at Armstrong's most recent anti-Bernanke diatribe:

• Armstrong on QE2...

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More info on Martin Armstrong...

• Wikipedia

• Collection of prison economic writings

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Armstrong from earlier this year...

On the Fed, Goldman Sachs and Warren Buffett...

Comments

[DailyBail]

http://www.martinarmstrong.org/files/Indirect%20v%20Direct%20Stimulus%2011-21-2010.pdf

sources...

http://www.martinarmstrong.org/economic_projections.htm

[DailyBail]

Gates sending 1,400 more Marines to Afghanistan

http://news.yahoo.com/s/ap/20110106/ap_on_re_us/us_us_afghanistan_troops

[DailyBail]

God was behind Big Bang, pope says

http://www.msnbc.msn.com/id/40945242/ns/technology_and_science-science/

[Mike]

FTA "...we have run out of other people's money. The socialists keep pointing to the rich. But to fund the deficits, we need to borrow now from foreign lands. We ran out of money domestically and to support the current system like Greece, we need foreign capital."

Exactly! *We have run out of other people's money*! Socialism (handouts, entitlements, social programs) always work great until you *run out of other people's money*...

The solution? They offer up more of the same, specifically, *take MORE of other people's money*... how long do you think the "other people" are going to get tired of you taking theirs and just QUIT?

I don't make over $1m a year, but if they continue to raise my taxes, what's the incentive to NOT quit working? I've lived below my means for years (that means NOT out racking up debt constantly on credit cards and actually putting away a little from each payday, not bringing my paycheck to Walmart to buy more chinese-manufactured junk, and not rushing to buy a new car every 4 years, for those who don't understand what that means), I have money put aside, and I can live off entitlements for the rest of my life. What's the incentive for me to continue working, when I can live off the programs all the liberals are voting for and actually enjoy the 24 hours in each day doing the hobbies that I enjoy or spending time with my kids? After all, SOMEONE ELSE will pay for my healthcare, SOMEONE ELSE will pay for my monthly expenses, and SOMEONE ELSE will pay for my food... all I have to dip into my savings for are the fun things that I actually want to do? Where does your tax revenue come from then, when those silly "rich" bastards decide it's easier to quit?

[john]

This was an INTERESTING read.

Thought I would share some news about foreclosures in Mass.

http://market-ticker.org/akcs-www?post=176615

[snip]

Massachusetts’s highest court is poised to rule on whether foreclosures in the state should be undone because securitization-industry practices violate real- estate law governing how mortgages may be transferred.

The fight between homeowners and banks before the Supreme Judicial Court in Boston turns on whether a mortgage can be transferred without naming the recipient, a common securitization practice. Also at issue is whether the right to a mortgage follows the promissory note it secures when the note is sold, as the industry argues.

[Snip]

The wheels of justice turn slowly, but they do turn. We shall see how the Massachusetts Supreme Court rules on this one. Incidentally, The State Attorney General backs the borrowers.


GO GET EM MARTA!

[DailyBail]

@mike...i assume your comment was meant for another thread...i answered you somewhere else regarding the size of gov't...much too large...i do not disagree...

[DailyBail]

@john...thanks for that link...hadn't seen that...