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Peter C
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The Inflation Knuckleball - Michael Pento - Delta Global Advisors

Recently read an article which may explain why banks are stalling liquidation of foreclosures:
Succinctly, banksters can maintian pending foreclosures as assets at full face value, whereas once they liquidate - losses must be realized.
Peter Carson

Commented 4910 days ago

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Beginning of the headline :By its very definition, fiat money is something created out of thin air: the word "fiat" is Latin for "let it be done" (as in, by decree). But the convenience that such a currency system offers central bankers is paid at the expense of savers. With nothing of real or lasting value on which to anchor, the value of fiat currencies can always blow away like ashes on a windy day... Read More

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