FED scam #2.

The first scam of the FED was when the 'mark to market' valuation of real estate bonds was introduced, put the big banks in a tail-spin, froze the money in the banks and allowed the fed govt to get control of some banks, GM and Chrysler. The economic chaos was instantaneous and allowed the election of a communist, Obama. This was a modern recycling of the election of Roosevelt, who came to power in the wake of bank failures at the end of the 20's.

A sequel is in the works, the defaulting of commercial real estate. Since, the 'mark to market' rules declare a "troubled asset" as of zero value, this will bankrupt another 400 banks on paper and allow the FED to "intervene on their behalf." This second wave of asset dist ruction will subtract maybe another 800 Billion from the wealth of US citizens, and transfer this wealth to the federal govt as it "replaces" these assets in the banks and thus becomes the owner of these assets.

In fact, this second, planned expropriation of property is as illegal as the first wave of expropriation was.

The window dressing for this expropriation is that office vacancies have risen to where commercial real estate is going belly up. In fact this is not true.

While, vacancy rates are rising, they are no worse than they were in 2002. What is the difference is the deliberate effort to destroy US assets and then the FED replaces them with monopoly money. The result of this process is expropriation. This is grand theft, unauthorized under our laws and constitutes high treason.