Economic Collapse

[lady glueck]

heat wave yes! its gettin hot

...The Federal Reserve has been conducting an unprecedented experiment in economic manipulation. By holding interest rates near zero and by actively buying more than $40 billion monthly of mortgage-backed securities and $45 billion of Treasury bonds, the Fed has engineered the lowest mortgage rates in generations. At the same time, Federal control of the mortgage industry has become nearly complete, with government agencies Fannie Mae, Freddie Mac, and the FHA buying or guaranteeing virtually all new mortgages. In addition, a variety of Federal programs, such as the Home Affordable Modification Program (HAMP) are in place to help keep underwater homeowners in homes that they could not otherwise afford. Taken together, these programs create far more favorable terms for home buyers than those that existed before the crash.
http://www.europac.net/commentaries/great_reflation?

from switzerland: FED warning code red due to massive bond accquisations; internal report/bankers meeting from 17th of may
http://www.cash.ch/news/front/fedgremium_warnt_vor_massiven_bondkaeufen-3070685-449