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The Bush Cheney Regime, as well as Fed Chairman Alan Greenspan, are deliberately
doing nothing about the speculative real estate market bubble in the United States,
writes economic analyst Al Martin.
Why? So that the "stupid money, being sucked in, will finance the exit
of smart Republican money."
In his column called "Bubble-nomics: Stupid Money and the Collapsing Pension
System, Martin writes that "You even heard these comments by John Snow,
which ought to tell you something."
"Treasury Secretary John Snow said before the Joint Economic Committee
last week, when he was there with Alan Greenspan, that citizens that bought
a home for $300,000 in 2000, let's say, that's worth $800,000 now and haven't
sold it, then they bear the market risk," Martin cotinues.
In other words, the purpose of Bush-style "Bubble-nomics" is to drive
"stupid money" into the market so the "Smart Republican Money"
can make an exit.
"Look at what the top 10% of the nation, the smart Republican money, is
doing.
More specifically, look at what the top 300 members of the Bushonian Cabal are
doing with their own money, including George Bush Sr., George Bush Jr., the Bush
brothers, George Schultz, Henry Kissinger, James Baker, Paul Bremer, etc.."
Look at what the top 10% of the nation, the smart Republican money, is doing.
More specifically, look at what the top 300 members of the Bushonian Cabal are
doing with their own money, including George Bush Sr., George Bush Jr., the
Bush brothers, George Schultz, Henry Kissinger, James Baker, Paul Bremer, etc.,"
writes Martin.
"Look at what these top 300 members of the great and all-powerful Bushonian
Cabal are doing with their own money and you will find that they have reduced
either their direct ownership of property in the United States or their investments
in U.S.-based REIT's, or real estate investment trusts, by a total of 78% in
the last 12 months.
"In other words, they are cashing out. At the same time, they're trying
to prevent the National Association of Realtors, or the National Credit Counseling
Institute, or the American Bankruptcy Institute from telling the people the
truth about the speculative bubble in real estate.