Oh how much could in happen in one day...

I am wondering how 'the maestro', Greenspan could be in 'shocked disbelief' about the financial crisis? (Greenspan Concedes Error in Regulatory View) Bernake is going to be saying the same yet they know exactly what they are doing and what they have done.

The Federal Reserve (which is no more Federal than Federal Express is) is cutting interest rates to a RECORD LOW. I had said it before this mess started we are going to mirror Japan (stagnate economy/in and out of recession) once we cut interest rates too close to zero. Major difference and problem with that is we will likely also have high inflation or hyper-inflation in the US soon as a result of all the money we are printing.

"...don't they realize that the fed is one of those banks that is "only out for their own self-interest"?  Or do they?  Sadly, they will scapegoat Greenspan and all the others instead of reviewing the system as a whole."

The recent upward trend of the US Dollar is a direct and temporary consequence of the collapse of stock markets. People are buying dollars!

The ongoing collapse of US economy prevents it from finding an alternative solution to the country's defaulting. Housing prices need to stabilize in order for that to happen however they are going to continue to decline and crash in places.

That's today let's see what tomorrow brings us.

Videos:
FOX News extols the wisdom and foresight of Ron Paul (10/23)
Peter Schiff on CNBC talking about the Dollar & Gold (10/23)