What we’re witnessing isn’t finance or investment as usual. We’re watching a shift to a managed economic structure, where government officials determine who will live and who will die. It’s a shift from investments to agreements, where having access to large pools of ready cash is the ultimately persuasive argument. And lacking access means doing whatever you’re told.
— John Maudlin

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5 Comments

  2. I heard your show with Art Bell which followed Gerald Celente. Sounded like Art hasn’t been listening to Coast to Coast lately. The regular listeners know that you and Gerald have been warning about this inevitability for some time now.

    With your prior stint as FHA Commissioner I have been somewhat surprised that you haven’t (as far as I know) commented on the whole Nehemiah/Ameridream downpayment gift fraud situation that has been devastating the FHA insurance fund. The value of the fund was just cut from $22 billion to $12 billion in the FY 2008 actuarial primarily due to the losses on these loans. Any comment?

  4. Somewhat related to the Quote du Jour was this piece from blacklisted news,
    FDIC rules will ban new banks
    http://www.blacklistednews.com/news-2672-0-13-13–.html?ref=patrick.net

    Ostensibly, this is to prevent fly-by-night irresponsible banks from opening up, but I can see that it could be used as a method of control, limiting people’s access to other resources if a given bank won’t lend to them. “Bank with Us, or Else.” Maybe one day micro loans will come to the US.

  5. I stayed up most of last night listening to your interview with Art Bell – there are not many people who hold my interest. You sure helped me remember many things I thought I had forgotten over the years. The survival thoughts, the small town way of thinking, my grandparents stories about the depression are ringing true. I am most grateful for your insight. You have helped me clarify my priorities – I am willing to dedicate 1 hour a day toward supporting my hope for family, community.
    I work in the substance abuse / mental health field. The “lack of funding” and “consolidation of services”, the growing reliance on “medication management,”” data-driven treatment,””privatization” and “managed cate” are all a far cry from the 12 step fellowship and “one addict helping another.”
    The TV will be going into the closet.

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