Star One Smart Blog's

Yesterday, at UCLA. Because of a 32% increase in the tuition rate.

Just wait until the dollar tanks, and food prices start to climb.

Remember, these are mostly liberal kids, mostly well-to-do, somewhat educated but still not very street-smart. Definitely Blue-Staters.

Imagine what's going to happen when the dollar tanks (that's not so far off) and inflation starts to skyrocket.

Other signs of looming financial apocalypse?

• A DEMOCRAT calls for Tim Geithner (Obama's chosen economic savior and Treasury Secretary) to step down.
• Ron Paul has been given go-ahead to audit the Federal Reserve. Wow. Ron Paul hates the Fed; at least this will be entertaining.
• The freakin' CONGRESSIONAL BLACK CAUCUS BLOCKED ONE OF OBAMA'S FINANCIAL REFORMS!
  

From comments at my first link (zerohedge dot com)...

The FR didn't/still doesn't have the authority to buy this crap. I agree with you and am outraged that this private banking cartel is killing the middle class. However, I would also ask you to consider that the FR is at the top of the central bank pyramid and, if and when those foreign swaps are unwound, we could see a return of the Almighty Dollar and every other asset class, gold included, crash.

Yeah, the core of the balance sheet of the largest central bank of the world is based on an asset that doesn't have a true market value-- or a true market.

And there's a possiblity of even adding a $ trillion or more in additional MBS next year.

If so, the dollar is toast.

doesn't surprise me at all - the Fed's money printing has had the exact opposite effect as they thought - all they did was drive up commodities prices and throw a cog into any economic recovery, anything people "save" on lower mortgage rates they are losing due to the unemployment spurred on by higher energy prices.

we would be better off with $30 oil and 6% mortgage, vs $80 oil and 5% mortgages.

stupid.

And don't forget since we don't really make anything here (let's not get too excited about exports getting us out of this) we'd also be paying less for everything we need at Walmart and Costco the new fave places to shop. I really don't think I will every understand how any self-respecting banker can think devaluing our currency is a feel good moment...it makes me sick. This whole thing is turning me into a raging capitalist and frankly I wouldn't have considered myself that 18 months ago -- fiscal responsibility yes, but now I seriously think they need to have the damn ink taken away as they are clearly getting high on the fumes over at the fed and treasury.

MBs, by the way, are "Mortgage Backed Securities". Think...Fannie Mae.

It's probably too late for most people to start buying gold (we're almost out of it) but really, if you can, buy it. Things seems to be unraveling.

Oh, but HEALTH CARE! FREE! ALL AMERICANS! will be up for a vote in the Senate, probably late Saturday night.

Just what we need...more entitlements and giveaways that we can't afford.

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h/t J Howard