fdralloveragain: Bank of America Under Attack by the U.S. Government--by Order of the Federal Reserve

Thursday, February 4, 2010

Bank of America Under Attack by the U.S. Government--by Order of the Federal Reserve

Latest:
http://www.marketwatch.com/story/b-of-a-to-pay-150-million-to-settle-sec-charges-2010-02-04

Reference:
Bank of America - Target for Destruction
Surprise, Surprise, Surprise

2 comments:

AnonymousFebruary 5, 2010 at 2:16 AM
FDR:

I want to congratulate on ur 37.77% return. I am glad that you are doing well.
Thanks for sharing your knowledge:)
chocolateMan
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Replies
AnonymousFebruary 8, 2010 at 5:14 AM
Ken Lewis said that if he goes down he will take Paulson and Bernanke with him.

I would love to see that trial.
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Welcome to my financial blog

WARNING: This blog contains views that are often unconventional. That's because "conventional wisdom" is designed to take your money

DISCLAIMER: This blog may make specific forecasts, nothing is guaranteed so trade at your own risk. Some content might offend organizations created for the sole purpose of stealing other people's money. If you are offended by the content of this blog, don't read it (and stop stealing other people's money)

Open Market Forecasts:

Issued May 2007 - Short real estate, home builders, bond insurers and leveraged financials
Current Target - Ongoing declines

Issued Oct 2007 - Conservative investors go 100% cash and Treasuries
Next target - Two years of physical cash in home; Ladder short to medium term US Treasuries with the rest; Minimize bank account balances, CDs, and non-treasury bonds; associate high paying bond yields with capital starvation

Issued Oct 2007 - Short Dow (14,100) and broad market indexes
Next Targets:

by 2012 - Dow 3,800
then - as high as Dow 6,000
by 2025 - Dow 800

Issued Oct 2007 - Short Automakers and Airlines
Next Target - More declines, many luxury makes go the way of Duesenberg
by 2020 - pain

Issued Mar 2008 - Short Gold ($985), Precious Metals, and Copper
Next Target - Gold $475, other PMs with proportionate or greater declines
By 2020 - Gold $225

Issued July 2008 - Short oil ($135)
Next Target - $25
by 2020 - $4

Open Trend Forecasts:

Relentless DEFLATION

Increasing US Dollar buying power as measured by falling real estate prices, stock prices, most asset prices, and falling treasury yields; Periods of excessively negative 3 month treasury yields

Continued transfer of taxpayer funds, high yield preferred stock, risky loan guaranties, and asset holdings to the Federal Reserve and connected bankers in the face of taxpayer clamor; result: increased strain on commercial and consumer credit accelerates deflation

Main Stream Media to continue promoting Federal Reserve and banker agenda: more debt, more debt, more debt

5,000+ bank failures

More bank consolidations intended to shift FDIC insurance obligations to common stockholder losses

FDIC bailout/restructuring that compromises insurance payouts

Massive "New Deal 2.0" in order to transfer maximum wealth from the poor (taxpayers) to the Federal Reserve, connected bankers and corporations, and to benefit politicians; result: same as the original New Deal, economic depression

Supreme Court Increased to 11 Justices by 2015, unless the conservative majority yields first

Higher mileage vehicles go cheap and dirty, not expensive and "Green"

Continuation of 2007+ global cooling

CONTACT: fdralloveragain@yahoo.com

Thursday, February 4, 2010

Bank of America Under Attack by the U.S. Government--by Order of the Federal Reserve

2 comments:

The USA's political-economc system is best described as:

On Nov 2, 2010, I plan to vote (FOR or AGAINST) my incumbent congressman

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