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Wag the Dog – How to Conceal Massive Economic Collapse
The first week of August 2008, Fannie Mae and Freddie Mac had just announced record losses, and so had most reporting corporations. Unemployment was mounting, the foreclosure crisis was deepening, state budgets were in shambles, and massive bailouts were everywhere. Investors had every reason to expect the dollar and the stock market to plummet, and gold and oil to shoot up.
Foreign Nations Sovereign Wealth Funds Now Buying Foreclosed HomesThe collapse of the housing market, despite impoverishing the middle class and wiping out trillions of dollars of home equity and turning suburbs into slums, will assuredly turn out to be a great profit-center for the wealthy. So many subdivided, built up resources just sitting empty throughout America while local governments are starved for property taxes present just too many deals for investors to pass up. And the vultures have begun circling.
