The greedy devils are getting worse every day.
1,000 Banks to Fail In Next Two Years: Bank CEO
| 27 Aug 2009 | 11:44 AM ET
The US banking system will lose some 1,000 institutions over the next two years, said John Kanas, whose private equity firm bought BankUnited of Florida in May.
“We’ve already lost 81 this year,” he told CNBC. “The numbers are climbing every day. Many of these institutions nobody’s ever heard of. They're smaller companies.”
"Bernanke will probably not be so lucky, as his reappointment virtually guarantees that he will be in the middle of the action when the bullets start to fly. Left to clean up his own mess, Bernanke will soon regret not quitting while the going was good."
The devil is Freemarket money manipulators using and including the Fed (aka invisible hand) chairman who is the chief of the big money scam. Under Greenspan and Bernanke, many Americans are robbed and demolished.
Schiff is just one of many greedy devil freemarketeers who are destroying nations running up National Debts like Europe and US. He is writing false and opinionated speculative writings to sway sheepsters. When overall presentation of facts are not correctly and fairly presented, he is just another manipulator with misrepresentations of all relevant facts.
The Devil We Know By Peter Schiff
Euro Pacific Capital, Inc.
Wednesday, 26 August 2009
Ayn Rand wrote, "when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed."
America is not doomed, but the fellows in Washington are pushing for that outcome. It seems that all the characters that encouraged this financial crisis are being rewarded, and Ben Bernanke's re-nomination is no exception to this rule. He was on the Board of Governors when Alan Greenspan grew our bubble economy. Known as 'Helicopter Ben,' Bernanke was the most vocal supporter of low interest rates to combat the bogus threat of deflation, even if it meant dropping cash from helicopters. He succeeded in his aim – as it is hard for prices to decline while the money supply is growing by double digits.
http://news.goldseek.com/EuroCapital/1251313447.php
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