joe_momma
30th September 2010, 11:11 AM
Happy October!
The political campaign season is well underway - mud and innuendos flying fast and furious. Gold (and Silver) continue to climb as the world realizes that there ain't no easy way out of the ponzi scheme of (irresponsible) fiat currency.
1970s SilverArt rose to the challenge - correctly picking two last week - well done!
On the banking front, things are in chaos - the banking foreclosure -"whoopsie" - is just now being noticed - with an anticipated 2 year delay to foreclose on delinquent homes. (Meaning banks cannot dispose of the non-performing asset, but technically is still on the hook for maintenance and taxes - this may well hide the MTM valuation for the rest of our lives.
Net effect - perhaps no more banks will ever fail as they are unable to show that they have any liabilities - go figure.
How many will go down this week? .
Too few and people may notice the ongoing fraud from the Fed (at least I keep telling myself this). Too many and they run the risk of a stampede (and an adverse election result for Barry.) A fine line to walk!
One can follow along at:
http://www.fdic.gov/bank/individual/failed/banklist.html
Good luck - and for the Ruprick please choose on state to be honored by the FDIC (GA and FL handicapped)
The political campaign season is well underway - mud and innuendos flying fast and furious. Gold (and Silver) continue to climb as the world realizes that there ain't no easy way out of the ponzi scheme of (irresponsible) fiat currency.
1970s SilverArt rose to the challenge - correctly picking two last week - well done!
On the banking front, things are in chaos - the banking foreclosure -"whoopsie" - is just now being noticed - with an anticipated 2 year delay to foreclose on delinquent homes. (Meaning banks cannot dispose of the non-performing asset, but technically is still on the hook for maintenance and taxes - this may well hide the MTM valuation for the rest of our lives.
Net effect - perhaps no more banks will ever fail as they are unable to show that they have any liabilities - go figure.
How many will go down this week? .
Too few and people may notice the ongoing fraud from the Fed (at least I keep telling myself this). Too many and they run the risk of a stampede (and an adverse election result for Barry.) A fine line to walk!
One can follow along at:
http://www.fdic.gov/bank/individual/failed/banklist.html
Good luck - and for the Ruprick please choose on state to be honored by the FDIC (GA and FL handicapped)