Mr. W. E. writes:
People, we are all screwed. Face it. Wake the hell up and realize. We’ve all been suckered. The financial collapse of the U.S. economy is engineered. Plain and simple. Just like the implementation of the Fed down south before, we will have another “savior” institution arise from the ashes. A new, more continental system. I guarantee. We’ll be right on board, like it or not. Expect to see more banks liquidated, seized, whatever can be done to phase them out. One central bank. That is the goal. IndyMac is the first big assimilation. Who’s next? The sector knows, but they want to keep the rest of us guessing. It’s better than coming out and being honest. 20 years ago we saw the same, with small banks being *pooFED.* It cost $125 billion of taxpayer money then. How much will it cost now?
All depressions are created by the Fed for the sole purpose of allowing a select few to consolidate huge amounts of property very cheaply. This depression will be unprecedented in size and scope.