9/27/2009
I have been following this guy since January 2008.  Looking back to one of the original video that caught my eye…  Before him… I was close to a 50/50 split in gold/silver/oil vs stocks… I sold everything from my 401k, IRA, Variable Life insurance policies and moved it over to commodities and/or international stocks…  He literally saved my ass when I sold off last year in July & August.  I hope you guys can follow him too…

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Blog entry from www.market-ticker.denninger.net

The link to the “obvious insider trading” ticker containing the chart referenced….

Notice the explicit disclaimer:

Not only is Fannie paper NOT full faith and credit but in addition THEY ARE EXPLICITLY DISCLAIMING AGENCY STATUS!

This is on the face of EVERY Fannie (and Freddie) prospectus.  All of them.  So where is the authority of The Fed to buy this paper, given the constraints in Section 14?

Who is The Fed bailing out by monetizing Fannie and Freddie paper when it is quite clear on the face of that prospectus and a clean read of Section 14 that they don’t have the authority to buy that paper in the first place?

Now do you understand why The Fed doesn’t want to be audited?  And why we get threats about “disruptions” if, in fact, The Fed is audited?