Reply #55: IMO the housing bubble is inflation by an oversupply of worthless paper as housing is the hardest of

[ooglymoogly]

assets depending on how far it is leveraged...The Federal Reserve Bank (no part of the government) has been pumping paper into the market to spur over investment and over building as they did before the great depression and the Reagan recession when two of the greatest thefts in history took place. The final act in the farce is to pull the rug out from under that over investment...A German bank has already bought Billions of dollars of that debt for pennies on the dollar, so watch for this country to sink further and further into debt at the hands of the world bankers who own the Federal Reserve and will now up the anti with 4 aces up their sleeve setting the stage for another huge transfer of wealth from the middle and poorest to these greedy ruthless few.