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Re: guiseppi post# 8168

Friday, 01/14/2011 6:44:29 PM

Friday, January 14, 2011 6:44:29 PM

Post# of 15495
guiseppi---I'm probably too jaded to have a clear perspective on this. This government is broke, and on the verge of a major downward move in the housing sector in many regions in this country. The FDIC will be taking more banks into receivership in 2011, '12 and possibly for a number of years after that. So they need the money, since the FED will be forced to stop printing when the currency they have already dumped into the system finally makes its way into the economy. This failed monetary policy will radically drive up inflation to levels none of us have seen in close to three decades, or possibly have never seen, given the heated competition with Asia for commodities. They understand what the issues are in Washington, and that they are in a very serious situation, so my guess is the FDIC plays hardball and takes it all. In the recent POR denied by the Judge in the WMI (WAMUQ) BK the Judge said that she didn't think it likely that the debtors could prevail in litigation against the FDIC. If you want to know where we may be headed search under Weimar Republic.

http://www.marketoracle.co.uk/Article10759.html

JMHO as always---:) errett

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