The Fed Is Not There To Solve Your Problem

An excerpt from Bob Chapman's weekly publication.

April 20 2011: Insolvent banks still in business, but they wont tell you that, real estate driven down by distressed sellers, Fed not there to solve your problem, municipalities and states in serious financial trouble, Fed makes bizarre comments, when will China pull the plug on US dollar we wonder, the loss of purchasing power of the dollar.

Many banks are insolvent, yet are allowed to stay in business. Being allowed to keep two sets of books is obscuring their real estate loan problems. This is the shadow inventory you sometimes hear about. Those millions of homes “that exist, but they don’t.â€