deflation in WANTS but no in NEEDS(ZT)

The Fed and its private owners:what is really	nikko	NEW 9/1/2007 1:29:13 AM
going on with this mortage meltdown. Whythe 1929 crash and FED CONTRACTED the money supply until 1933, thusperpetuating and applifying the Great Depression. To destroy theNON-Fed banks and other competitors to the Rockefeller/Morgan EasternEstablishment empire. These Banks and Corporate whores wanted to buythem for pennies to the dollar. Now 2007. Bank of America bought2 billion dollars worth from CFC and Citibank buys Ameriquest. Thesetwo banks received handouts from the Fed. This will accelerate as thisfinancial tsunami and mortage meltdown. Maybe in the end, these bankswill be bailout out by an elaborated paln by the Government and theywill be these pieces of properties for a small fraction of the dollar.Problem is there will be no middle class to jump start and buy thesedepressed properties like the S& L crisis. Alan blinder, formerVice Fed Chariman, attened the Davos conference this year and the goalof these corporate heads is to ship the remianing 40 million high endjobs overseas within a decade. Pretcher has a good article(attached) but he sees half the story. There is going to be deflationin WANTS(property, cars, luxuries,boats,etc) but no in NEEDS (food,water, oil, gas, gold, silver, etc). I think the FED is monetizing someof the mortage debt since no one wants to buy it. Pretcher says theFED is only lending for 30 days but that is the official policy. FOrthe big banker owners of the Fed, the FED has separate rules that defylaws and criminality. Citi to buy remains of Ameriquest Why the Fed Will Not Stop Deflation