Dollar Collapse - Firms Which Underpin Trillions In Home Loans Implode - Bailout Equals Dollar Destruction
February 5th, 2009 | by James |ArchaicRevivalx2012
Peter Schiff sees socialization of United States bubble economy will sink the Federal Reserve Note. US mortgage giants Fannie Mae and Freddie Mac are facing growing pressure as fears intensify about a potential calamity at the firms, which underpin trillions of dollars in home loans. Together they own or guarantee some US$5.2 trillion in loans, or about 40 per cent of the total value of home loans in the United States. Peter Schiff at Euro Pacific Capital said the two giants were likely to …
25 Responses to “Dollar Collapse - Firms Which Underpin Trillions In Home Loans Implode - Bailout Equals Dollar Destruction”
By cayman187 on Feb 5, 2009 | Reply
why is that host yelling? i hate that guy. toby is a pubic hair. worthless.
By patboyuk on Feb 6, 2009 | Reply
That corrupt money system is going down. Sinking ship.
By paulocbn on Feb 9, 2009 | Reply
these guys are doomed…oh my god
By experimentsingeekdom on Feb 11, 2009 | Reply
Toby Smith is a MORON.
By atheistnarnia on Feb 14, 2009 | Reply
Toby’s jokes are great.
By JIAsrMS on Feb 15, 2009 | Reply
Toby is a fool… Bet he would like to deny he acted like this…
By Okastega on Feb 15, 2009 | Reply
The election hasn’t happened yet.
By TheSharpenedPen on Feb 16, 2009 | Reply
Was Lehman Brothers too big to fail? AIG? Washington Mutual? Bear Stearns? Indy Mac? What about a complete system collapse? Is the government too big to fail? “Peter I love you, but you always take these things to an extreme… We’re in a normal economic Maelstorm”
Really? This video was put out in July. In September, the government is talking about a massive bailout package w/ a cost ranging from 700 billion to a trillion & maybe more. So much dishonesty. Thank God for the Peters of this world.
By TheSharpenedPen on Feb 19, 2009 | Reply
Oh right, it’s just Fox… Please. The media, in all its forms, has been ignoring all of this and turning the other way while it happened. People need to realize that the media control extends WAY BEYOND just Fox.
By Euph662 on Feb 22, 2009 | Reply
I think FOX is bullshit. Peter is sooooo dead right, you have to let the fail. 700 billion pumped into this economy is going to kill it long term.
By Elg1no on Feb 25, 2009 | Reply
he’s been talking about this crisis since way before 2006, so i will put my money on him in the future.
By ssoniclink2 on Feb 28, 2009 | Reply
why we can let them fail? ey nothing its for shure u losee u try again.u dont want this laysie asses to fail but u let all the poor families fail over and over,thas a economic discrimination,WE BORROW BILLIONS AND BILLIONS??? BULL SHIT
IF ihave at least million of why u said i borrow i be haven fun,u let the home owners lose their homes besides paying mortage u suck them with taxes u and the bankers are the worst of the worst,get u ass to work 5 to 5 and survive with a minimum wage suckers
By yyz19999 on Mar 2, 2009 | Reply
Members of Wall Street are pointing fingers, the FBI has
started investigations, FED Chairman Bernanke is acting like a
unshaven homeless beggar with the shakes, Treasury Secretary
Paulson is asking Congress to start a Nationwide Chipin… and
the world is watching it all.
By yyz19999 on Mar 3, 2009 | Reply
While America is distracted trying to see who is pointing at
who to blame, the members of the Freedom Movement all slowly
turn our heads and extend our finger and point to the problem
we have been screaming about for years… THE FEDERAL RESERVE!!
By RydanDenali on Mar 5, 2009 | Reply
see what being “green” does to people? notice how this “financial crisis” is distracting us from the “energy crisis”? i dont see anyone talking about an energy bailout
By enmaxlineman on Mar 7, 2009 | Reply
Peter has been talking about the problem for over 1 year and these clowns are always looking at Peter like he is crazy. Peter will have the last laugh at these jokers.
By DennyDucet on Mar 10, 2009 | Reply
Peter is always right. Toby is a fat F and totally wrong. ha ha ha ha ha. normal recession? What a moron chip. Ha. Peter was right
By AzowRagbak on Mar 13, 2009 | Reply
EXECUTIVE ORDER 11921 allows the Federal Emergency Preparedness Agency to develop plans to establish control over the mechanisms of production and distribution, of energy sources, wages, salaries, credit and the flow of money in U.S. financial institution in any undefined national emergency. It also provides that when a state of emergency is declared by the President, Congress cannot review the action for six months. You really don’t want to hear all the other Executive Orders, really disturbing
By luisfcayo on Mar 13, 2009 | Reply
I hear stories of people getting mortgage loans for a million dollar home with an income of 11 dollars per hour, this is part of the big problem… because Im sure this person is not the only one.
And who’s going to bail out the lender since the guy cant pay?
By Ashwento on Mar 14, 2009 | Reply
Dont you see what happened? All that deregulation and hands off approach that the conservatives have been pushing has collapsed the housing, credit and financial markets. They ran wild with no rules to follow. Ron paul would be the ultimate deregulator if he were elected, the only sheeple is you and your crazy pauliacs
By Ironager on Mar 15, 2009 | Reply
Toby is really showing his ignorance here. When an institution is too incompetent to run their operations, they deserve to fail. Creative destruction is at work.
By AiresQX4 on Mar 17, 2009 | Reply
We had a Good chance at Survival and eventual
catch up, If the People Voted for Ron Paul!!
I know I did on Feb 5th..
But the Sheeple pulled through with their Retard Votes for McCain,Obama.
So now the People that seen the Problems and
seen Dr Paul was telling the Truth and giving
Answers have to suffer with a Total Depression
and Police State!! Thanks Sheep for listening to the Traitorous CNN,FOX,MSNBC,
ETC,ETC.. This is all your Fault!!!
By emanxavier on Mar 19, 2009 | Reply
Leave the united states now. Run and dont look back! You have been warned.
By caganb on Mar 22, 2009 | Reply
greed caused this. we should all get ready.Buy food to barter. Money may get worthless
By ec135tron on Mar 23, 2009 | Reply
Looks like we will all be equal soon.Equally poor.