Federal Government Power Grab

The old adage, "follow the money" certainly holds true today. Today the Federal Government seized Fannie Mae and Freddie Mac at the tune of possibly 200 Billion Dollars for both. They currently own or back 1/2 of all mortgages in America. The cost per Tax Payer will roughly be $3,500 for this power grab. This doesn't include the risk which now the Tax Payer will bare if the housing market falls further. Guess who is now backing all of those Junk Mortgages? YOU ARE. Get out your check book. Don't worry about the amount. Just sign the check and mail it to the Federal Government. They'll plug in the number when the dust settles.

It is true that these two institution "cooked" their books but one cannot but become alarmed in the fact that the Federal Government will hold the paper on half of the residential properties in America. Over 1/2 of America is now living in "Government Housing".

The truth is that the tax bill for this will not be passed down to the 60 million Americans who pay the national tax bill, it will be paid for through the issuance of bonds. This will then be reflected in the further degrading of the value of the dollar which plays right into the goal of scraping the dollar in order to bring forth the AMERO.

The Government is currently the largest land owner in the USA. Now they are the largest Residential Property Owner. Socialism by a thousand cuts. Preparing the way for a World Government and eventually the beast.