MERS began what I think is the nationalization of real estate.
Agenda 21 seems to be on an aggressive pace, and their are other attacks on the population, as well.
The fed is buying derivatives as part of QEIII. Jim Rogers has said in the past, that they will fail, as did their predecessors.
The government will likely nationalize the fed, at some point, and the tax payer will be on the hook for all that shadow inventory. And, all those laundered derivatives and mortgages.
The objective seems to be to nationalize all mortgaged real estate.
You will not get these things on your nightly news.
King World News
February 25, 2013
Today James Turk told stunned King World News when he warned, “… the Federal Reserve is already insolvent.” Turk also stated, “Because of the intense leverage that the Federal Reserve employs, this means the mark-down on its $2.844 trillion of securities is, in reality, a staggering $57 billion loss.” Here is what Turk had to say in this extraordinary interview: “There was an interesting article in The Telegraph here in London over the weekend, Eric. It highlighted a study just released by former a Federal Reserve governor that examined the Fed’s solvency.”
“As The Telegraph explains, “The Federal Reserve is acutely vulnerable because it has stretched the average maturity of its bond holdings to 11 years, and the longer the date, the bigger the losses when yields rise.” The paper then went on to say that “trouble could start by mid-decade and then compound at an alarming pace, with yields spiking up to double-digit rates by the late 2020s.”
I have been watching the yield on the 10-Year T-note and long-bond carefully here. It is significant that yields have been rising fairly steadily over the last several months, and yields are already well above the record low they made back in June. So I decided to read the study….