Liberty Forged

the State has no money of its own, so it has no power of its own. ` Nock

Educate yourself and save.

Posted by Jesse on February 22, 2008

Ron Paul’s Comprehensive Economic Revitalization Plan

Be sure to check out Gary North’s archive here.
There is lots of juicy bits I cut out of the article. Click on the link for a full account.

Why the Mainstream Media Never Saw It Coming
by Gary North [February 22, 2008]

Do a search on Google: “No recession in 2008”

This article is typical: “Wall Street Gurus Say No Recession in 2008.”

Now do a search for: “recession in 2008”

“……..Advertisers also do not like predictions of recessions. Recessions persuade people to save more money by spending less on consumer goods and services. Advertisers resent anything that would encourage saving, unless they are selling investment products. But so much of the retail investment world is geared to selling stocks rather than bonds that it, too, resents forthright predictions of recession. Bonds, which usually move opposite to stocks in a recession, are bought by retirement funds, endowments, and insurance companies. All of these are wholesale buyers. They do not make investments based on the retail investment media’s opinion.”

“………In March, 2006, a Las Vegas banker named Doug French wrote an article about the coming crash in Las Vegas real estate. He began his article with this tidbit:

“Countrywide Mortgage CEO Angelo Mozilo believes that the “housing market officially turned south in January,” according to Banc Investment Daily, and that some overheated markets may see prices plunge by up to 40 percent. Mozilo mentioned Las Vegas as one of those risky markets.
French went on to say that nobody in Las Vegas took this warning seriously.

“………What looked good in 2006 – Countrywide’s stock price – began to look less good after February 1, 2007. Today, it looks like a basket case. The investors have lost most of their investment. Yet they are silent.

Yet they had been warned by the CEO. He had spotted the end of the real estate boom in early 2006 and went public with his opinion. Almost no one listened. Doug French did. I listened to French. I posted a link on my site to his article the next day.”

“…………The press is not saying, “This is the first major banking domino to fall. There will be more.” The event is being treated as if it were an anomaly. It isn’t.

The mainstream media will not sound an alarm. That is why people who do not trust the mainstream media read obscure newsletters and visit obscure web sites.

A word to the wise is sufficient.

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2 Responses to “Educate yourself and save.”

  1. […] unknown wrote an interesting post today onHere’s a quick excerpt Ron Paul’s Comprehensive Economic Revitalization Plan Be sure to check out Gary North’s archive here. There is lots of juicy bits I cut out of the article. Click on the link for a full account. Why the Mainstream Media Never Saw It Coming by Gary North [February 22, 2008] Do a search on Google: “No recession in 2008? This article is typical: “Wall Street Gurus Say No Recession in 2008.” Now do a search for: “recession in 2008? “……..Advertisers also do not like predictions of recessions […]

  2. Puma Shoes said

    Very good and useful post.
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