Economic Realities with Fannie Mae and Freddie Mac Farce

Welcome to the world of Free lunches to the Elite. I can't believe that the government has bailed out these institutions at the tune of $200-300 Million dollars. And they have sold it to us, the taxpayer, as if its a good thing to prevent an economic collapse. Its a short term fix, to a long term problem. Its like giving a druggy one more hit. Its either go through more pain "withdraw" now, or just stretch it out over time. The government always picks the latter.

Well, let me ask you this, if the government asked you to send a check for $1000 to bail out these institutions, would you do it??? Of course not! Well take $300 Billion and divide it 300 million people, and that's what you get! Absolutely disgusting that they would bail out the rich, the powers that be that profit from the relationship of this quasi company with the government. Its all a bunch of mortgages bundled up on wall street and sold to the world as "safe" investments from bonds to CDO's. So instead of paying for their risky investments, the government buys them up at a loss, all out the cost of taxpayer money. OF course the government doesn't have it, so they have to increase the deficit and basically print more money. So now the dollar in your wallet is probably worth .98 cents, a devaluation almost overnight.

I wish more would see the world the way it really is, instead of being handed their opinion via CNBC and the rest of the media. The best site for reading the way things really happen is at www.rense.com, yeah its not all true, but likely most of it is. Big businesses have to much to lose to let you know the truth.

I would buy real money, gold and silver after a corrective elliot wave brings it down to a standard phi mate level in the low 600's. The key to surviving these tough times is finding other asset classes, and not the ones that everyone is talking about. There are just so many people in this world, and as soon as you are on the majority side of the fence, you can only "TAKE" money for so long from the "minority". There is no other way, unless money is "grown" on trees. It amazes me how little people think about its origin and the big picture when they make money from the stock market, like its a never ending tap that comes from outer space.

To your best. Sean

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