You are welcome Charles. #5 does sound a lot like a mythical silver bullet, I agree. It is likely an expensive trust system that like today's mortgages (foreclosure opportunity) is designed to fail tomorrow.
I find this Invitation a bit disturbing. I am not sure if it is that people are being encouraged to profit from the coming foreclosure flurry, or maybe that it will be a long, drawn out economic suffering and death for America. [It almost seems preferable to just collapse the dollar overnight.]
This invitation in the wake of news that illegal immigrants need only contribute, with falsified SSNs for 18 months for benefits and credit cards that no longer even need SSNs;
http://today.reuters.com/news/articl...src=rss&rpc=22
I think we may find that the illegal aliens will be somehow qualifying with extraordinary ease, to move into the foreclosed-upon properties. And all this happening within only a couple years from now.
I believe this is the
account deficit in action that Alan Greenspan was warning us about after being encouraged by his resignation announcement.
http://www.federalreserve.gov/boardd...14/default.htm
Remarks by Chairman Alan Greenspan
Before the Banco de Mexico's 80th Anniversary International Conference, Mexico City (via videoconference)
November 14, 2005
Stability and Economic Growth: The Role of the Central Bank
International finance presents us with a number of intriguing anomalies, but the one that seems to bedevil monetary policy makers the most as they seek stability and growth (the topic of this conference) is the seemingly endless ability of the United States to finance its current account deficit.
http://www.federalreserve.gov/boardd...02/default.htm
But, as the latest projections from the Administration and the Congressional Budget Office suggest, our budget position will substantially worsen in the coming years unless major deficit-reducing actions are taken.
Regards,
David Merrill.