Is this the beginning of the end?
July 12th, 2008This can’t be good: IndyMac Bank seized by federal regulators. The writer’s very careful choice of words about this at the FDIC site is interesting too.
I wonder what’s coming next….
- How are Freddie Mac and Fannie Mae doing? Here’s one writer’s opinion. 24 hours later: Treasury Secretary wants to shore them up.
- How long until we have $10+ per gallon gasoline? $15? $20?
- Does anyone know what hyperinflation is?
- Will panicked investors start bailing out on everything tied to stocks? It happened very quickly to Bear Stearns!
Looks like a lot of things will be “on sale” at bargain basement prices soon – Buy low, sell high!
Most people have absolutely no clue what money really is and how the banking system really works. I am most certainly not the tin-foil-hat-conspiracy-theorist type, however, over the years I have enjoyed the looks I get when I tell people how it all works – they look at me like I have three heads.
Watch this video to find out:
[googlevideo:http://video.google.com/videoplay?docid=-9050474362583451279&q=money%20as%20debt&hl=en]
Common sense should tell anyone there is a mathematical certainty in the direction things are headed. Sadly, very few people watching that most excellent video explaining how it all works will believe it to be true.
Here’s another interesting video I found titled “Big Brother, the Big Picture”:
[googlevideo:http://video.google.com/videoplay?docid=-4799447112501062338]