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To: dennisw
The Federal Reserve will end up as the landlord / mortgage holder for EVERY piece of mortgaged property in America, their interest created out of thin air.
The banks, will buy Treasuries as per agreement for the Fed bailing them out from their tainted MERS paper.
And the pyramid scheme continues until they decide to pull the plug...
3 posted on 10/10/2012 4:12:53 AM PDT by Mormon Cricket
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To: Mormon Cricket
There are people who will do well in an inflationary economy: Those with COLAs such as union contracts - gov’t workers.

People with fixed or low incomes will be hit hard.

In the late 70’s, I was a young college grad with a new, seemingly huge mortgage. Inflation was bad, but business was good, so I got some 15% raises for a few years. That mortgage payment became smaller & smaller every year as a percentage of my take home pay. I laugh now over that huge $360/month mortgage/insurance/tax payment.

So, inflation is good for some, bad for others.

8 posted on 10/10/2012 5:12:31 AM PDT by Mister Da (The mark of a wise man is not what he knows, but what he knows he doesn't know!)
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To: Mormon Cricket

“And the pyramid scheme continues until they decide to pull the plug... “

That’s what all the DHS ammo is for.


10 posted on 10/10/2012 5:36:47 AM PDT by dljordan (Voltaire: "To find out who rules over you, simply find out who you are not allowed to criticize.")
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