Obama's Foreclosure Rescue Plan Merely Sophisticated Global Pyramid Scheme?

In light of all the news recently carried in the mainstream media reports of all the homeowners that are now being stalled, waylaid and denied sums under Obama's much ballyhooed "foreclosure rescue" and with all the monies thrown at these banking institutions and "new jobs" for those greedy realtors and ex-mortgage banking officials now restructuring or counseling some of those victims, it appears to be time to take a step back and probe a little deeper into the hows and whys of this situation.

Is there another agenda here that is the true goal in these continuing outrageously escalating actions coming off the Hill?

While many of these homeowners are awaiting word and the processing of their applications, the banks are continuing to collect those outrageous sums that were in some of those loans marketed which were at sub-prime and interest only flex rates and that are the subject of the bulk of the type of offered in the last ten years primarily, and under terms most of those homes have been or are in foreclosure.

Tacked onto most of those loans were significant late fees for late payment, processing fees, reappraisals, junk fees which are once again now being collected against those homeowners in these restructurings while they are "pending.".

Of course,literally hundreds of thousands have and had already lost theirs when this downturn and tsunami began back in 2006 for real.

Another 300,000 in July according to RealtyTrac also saw their homes go on the auction block, and Bank of America, based out of California (one of those who received a massive amount of those bailout sums) reported it has only renegotiated 4% of its existing loans that were "at risk."

The head of Countrywide Loans, also based out of California and "assumed" by Bank of America under the terms of bailout (with Bank of America then being "assumed" by Merrill Lynch, a Wall Street investment house), was placed in charge of renegotiating those loans, and would assume that he is the official reporting on the Bank of America stats.

Interestingly though, Merrill Lynch's name has been kept for the most part out of this process.

Most of those subprime offerings were rebundled and resold over the stock exchange, many to foreign investors. Washington, of course, afforded Wall Street to "globalize" the U.S. economy with that of other nations progressively, so much so that now when an earthquake strikes in the Far East, the economic impact is felt now in Middle America.

Compromising in so doing the U.S. economy and American citizens economies also progressively in the process.

All of these "economic forecasts" with respect to the economy that the Fed releases, and those economists on Wall Street on the mainstream media networks that have been reporting recently that economic indicators are looking more "hopeful" are evaluating those economic indicators with respect to the global economy and not the U.S. economy at all.

So when they predict that this economy will "rebound," they are speaking of the world's economy - not the United States or average Americans.

In fact, it is the average Americans now in the loss of their homes and jobs that are being asked to sacrifice now in the name of "global socialism" of this economy for the Wall Street bankers most of all and global stock exchange, not simply Wall Street and the NYSE.

And, of course, also by our own Federal Reserve which is owned by several prominent European banking houses since these debts are being added and "billed" to the U.S. and America in order to "stablize" the global economy. Americans now eating the debt for foreign investment bankers across the globe.

At this point a fundamental question thus must be asked: Could this be simply a rather sophisticated Federal Reserve/Washington pyramid scheme along the lines of Bernie Madoff?

These renegotiated loans and loan terms which even are being executed from all reports are similar to the old ones. Not fixed, low interest loans. But flex adjustable or "interest only" ones, along the same lines as the old ones. Some still are being based on the European markets LIBR rates and not that much ballyhooed "zero interest" Federal Reserve "prime" rate at all you keep hearing about in order to pump up the Fed's image with Americans.

It is also clear another fundamental question needs to be asked in light of all these reports now on the "stalls" after pouring literally billions into those Fed branch banks in order to assist American homeowners "at risk."

Are those banks really actively attempting to save these American homeowners from losing those properties, or merely acting as "agents" for Wall Street and Washington in renegotiating or "buying down" some of the foreign investors who bought some of those securities, while continuing to collect those outrageous sums and fees from American homeowners while, for all intents and purposes, those banks ultimate aims are to simply score a piece of real estate for the bank then future profit and gains in the turnover or flipping of them?

And in satisfying some of those foreign investors who invested in these rebundled "risky" investments in the first place, are these banks under that bailout bill which was sped through Congress so quickly last September offering "shares" of these American banking interests in satisfaction for their investment, thus the aim truly is further amalgamating our economy with that of the world in shares of now even U.S. banks owned by foreign interests with Washington's complicit and express consent outside Constitutional authority and thus treason of it?

It is clear that the founders in fighting a war to break free from foreign dominion and control in that War of '76 established a "union" of soveign states and our economy was never intended to be merged with the global one to begin with in any manner whatsoever as a sovereign nation established for just such purpose -sovereignty over foreign dominion and control

In effect it appears clearly that Washington is using those banks which they continue to claim are "private" banks although publicly owned and branches of our governmentally created Federal Reserve in order to secure America's position in Earth, Inc. and also in what appears to be the ultimate aim of a totally merged global economy and in effect then world government in the process?

What is also interesting now to take note of also due to news coming off the Hill is where 77% of those foreclosure actions are located, and which banks were involved in marketing in those states. The top five states on the list just so happen to also be border or Sunbelt states whose primary industries are tourism, both domestic and global.

All have also had significant increases in local taxes and insurance rates which have skyrocketed due to the massive costs of the illegal immigrants who also live within those states and for which those states citizens have been subsidizing since the last Reagan amnesty in the 1980's.

Due to the focus on tourism as a state industry, that industry is one of the primary employers of those illegal immigrants for those resorts, restaurants, casinos and developers who prefer hiring this cheap labor in order to skirt around the added costs that are involved in hiring Americans due to withholding taxes which are mandated to be withheld for Social Security, unemploment compensation and the like.
And a host of other regulatory provisions on the workplace and license standards that are required for those in the construction industry, another major industry which hires and prefers this cheaper labor.

Is it the intention of Washington to then, after force feeding another illegal immigrant amnesty as appears is now also another of Obama's plans even after the American people had spoken loud and clear in 2006 under the Bush Administration with respect to this issue, in manipulating this crisis and forcing prices of homes in those states down now for over three years the purpose to then have available a great deal of housing in order to resell by those banks or "flip" at such time and after those banks raped lawful Americans during this "foreclosure rescue scam" for those over 12 million illegal immigrants?

Foisting then off those foreclosured upon properties and subsidized with also taxpayer monies involved (including the tax monies of those foreclosed upon owners) in those still ursurous loans that will then be sold to many non-English speaking newcomers with the legalese and fine print involved that many Ameicans were duped into signing by those banks and realtors for their profits most of all, in order to then set up these "new" Americans for the next wave manipulated by the Fed and Wall Street?

Many of those loan terms are being extended to 40 YEARS for those mostly poorly constructed stucco and chicken wire homes so that in another 10-15 years this cycle will be repeated, as this cycle is no mimmicking that of the 70's recession (although far worse) in their market and currency manipulations for the "global" marketplace playing roulette with people lives and homes in the process for their own amusement and gain?

Bankers make profit when homes turn over, not when citizens actually pay them off. And the greater the turnover rate, the greater the profit.

The Bosnian refugees were given automobiles by the Clinton administration for those mostly scientists who were the bulk of those immigrants taken in at that tiime. Many American children can report on the brand new cars their fellow Bosnian students were driving courtesy of the American taxpayers and Uncle Sam.

It was also reported that over 20,000 deemed "vulnerable" Iraqis have also been taken in during this war. Many of them middle class. And due to the border "drug war" (in name only since our southern borders still remain unsecured eight years after 9/11), many middle class Mexicans have bought a great many of the houses in the San Diego area recently that were part of the original wave three years ago.

Nevada (a high tourism and casino state, and thus a high illegal immigrant employment state) had the highest foreclosures last month and topped the list.

Is this how truly low those in Washington have sunk in order to desecrate the very government the founders fought and died for merely 200 years ago, while waving the flag and claiming how much they "love" America?

Which America are they speaking of - the America of Ben Franklin, Thomas Jefferson, James Madison and John Adams?

Or this new one under a world government more similar to that of Hitler, Stalin and Lenin?

With the people merely the worker bees for the "greater good" of world socialism, and their homes and properties theirs for the taking?

USA Today Story Misses The Mark On Immigrant Issue

As a former long term border state resident, I read with interest a story in one of this week's editions of USA Today, a global and corporate owned newspaper in the United States.

Never in my lifetime has the media become so blatantly misrepresentative of the idea of the founders for our press and 4th estate as it has in more recent years become.

This story, below a picture of the continued riots going on in Iran over the election, bore the headline "For Immigrants, Living The Dream Is Getting Tougher." Interesting headline, given I am a political refugee now living in another state due to three "illegal" immigrant crimes due to the U.S.'s appeasement policies and open borders with that questionable government.

I say questionable because some of the past corruption of the Mexican government is well known by those who live within 200 miles of the border, or have been frequent visitors there.

Of course no distinction was made in the article in order to support the headline between the recent immigrants, illegal immigrants, or first or second generation Americans. There is a difference in their experiences in this country, and as an only second generation American on one side of the family can also truly attest.

In the story, written by a writer from Chicago no less on the Sanchez families hardship, it did point to the fact that originally this family were illegal immigrants "who swam across the Rio Grande" in 1967 to fulfill a dream of bringing Mr. Sanchez's family here and working together.

Mr. Sanchez is now 63, and I lived in a border state during that time period also as this piece actually simply demonstrates how long this situation has gone unaddressed by our federal government actually.

His story of working as a butcher for only $1.85 per hour, taking a second job at a candy factory and working 14 hours a day is told in vivid detail. He eventually brought his wife, family, siiblings and parents here, although again after originally entering this country unlawfully.

The writer also makes note of how "immigrant" owned businesses such as Mr. Sanchez's are a key part of the U.S. economy, and now being threatened by the recession. He stands to lose one or two of the three clothing stores he now owns.

I'd like to compare Mr. Sanchez's story with a more personal one of my own "legal" immigrant familes, who came over to this country, and how they compare, as a second generation natural born American on one side, and fourth or fifth on the other.

My grandparents came over to this country in the 1920s from Scotland, with my grandfather betrothed but still as yet married due to the poor economic conditions in Scotland at the time, and the high taxes there.

He applied for a visa and green card from Scotland, there was a thorough background and medical check undertaken prior to its approval, and he then booked his ship passage, after having arranged for a German family to sponsor him during the minimum two year approval process at the time for citizenship.

He worked in a shipyard long and hard hours, saving every penny he had in order to eventually send for his betrothed and his mother. My family still has some of his letters to them which they found after his death many years ago. He wrote of how kind his German immigrant hosts were, and lived in a section called Germantown in Philadelphia, Pennsylvania.

He eventually made enough to send for my grandmother, and his mother and they married and settled in Philadelphia. Soon the kids began to arrive (five in all), and my grandfather began working in a union shop as a tool and die maker (cutting the holes for cabinets). He did not make a fortune, and there were few benefits even with his union membership.

They bought a simple row house in Philadelphia and were living the American dream, although frugally.

Then the depression came, and they lost their home and their life savings. Whatever monies they had for retirement were gone and had little savings. The house was gone, and ended up renting from another kind soul who exchanged rent for the odd jobs my grandfather performed for the rental properties. He also sold a Scottish delicacy, "blood sausage" for extra money on the street corners in Philadelphia.

During this time they lost one of their children, who had contracted spinal menningitis which was misdiagnosed by a doctor as "teething." She was 18 months old at the time.

After Roosevelt's "New Deal," they did eventually get back on their feet, of course, after my grandfather found work, and he eventually had his own small shop but found that being an employer left him little family time and he was undercut by the major large companies. He again went back on the assembly line, and his son later joined him.

They did eventually get their American dream home, another simple row house in Philadelphia. And that was their legacy. Their entire life's wealth consisted of that small little house.

My mother and father married later in years, after World War II ended, and my father was fortunate enough to have served this country honorably, and was awarded with the GI Bill and graduated from college. First in his family as a fourth (or fifth, we're not sure) generation American.

Due to the number of applicants, he got in through the good word of one of the alumnists whose son was a friend from his service time. He waited tables in the women's cafeteria to help pay his expenses, since the cost of tuition was the only "free money" he received after his tour of duty.

He graduated and they were married, and he was then employed by successive non-profit business organizations in his line of work, a chemist specializing in wood technology. He mainly worked for lumber manufacturers and small businesses. We also had a rather large family, four children, and at the time of my high school graduation my father still made less than $10,000 per year with a college degree.

The recession of the 70's hit, and he was laid off. Fortunately, they had some savings put aside for a rainy day and were able to make their mortgage payments of less than $300 per month while my father collected unemployment, and worked in a sawmill cutting timber until he could find work in his chosen field. He finally did, back in Pennsylvania and our family was separated for almost a year until they could sell their home in Arizona. My father only could "visit" us once a month for two days during that time.

They left and I stayed in Arizona, got a job after high school since there was no money and few scholarships or grants at that time, and began working in a bank in 1972 for less than $320.00 per month (less than Mr. Sanchez since minimum wage then was $1.60 per hour). My apartment rent took nearly 2/3's of that, and my car payment the other third. I ate bake potatoes quite a bit.

My fiance attended ASU at a cost of $160.00 per semester for 16 credit hours, $10.00 per credit hour. Today, that tuition cost is eight times the increases in the consumer price index at over $6,000 per semester. He went to school on student loans at low interest, although we had to pay them all back within 10 months of his graduation.

I worked, he went to school during the fall and worked summers. We moved to Nebraska eventually so he could continue his degree and were separated summers while he found employment in Arizona through a job connection he had there.

We married, and after three children as 50% of the marriages in this country do, eventually divorced. Much of the stress of those early years contributed, and other factors of course.

But I was faced with living in the increasingly dangerous City of Phoenix, with the highest property and identity theft rates, Mexican gangs and drug problem in the nation as a single mother of three. I used up what savings we had attempting to be a "present" parent but even that was not enough.

The effects of the divorce and its complications, and my fractured energies meant I was not as good a "supervisor" as I needed to be in that city and also became the victim of three illegal immigrant thefts my last ten years living there.

I am without a "home," either state or physical dwelling. And not simply the choice of which of my stores I might need to cut loose.

Maybe next week USA Today will do a story on how much tougher living the American dream is becoming on natural born AMERICANS of two or more generations.

By the way, I'm 56. Hardly the age to be rebuilding either from scratch, and with the loans still as usurous as they were when I had to refinance, not very likely I will ever own a home as my grandparents eventually did.

And today, the illegal immigrants who canvas neighborhoods or who solicit work independently in Arizona want $10.00 per hour for their services, twice the minimum wage, but are threatened by employers with reporting them to CBP if they ask for increases by those corporate employers hiring them, which then leads the less satisfied to steal from the general public in order to survive, or sell the drug cartels product lines on the side in order to afford their cell phones and souped up and many times stolen automobiles.

So it is actually the lawful American citizens that are the victims in this scenario in the border states and beyond, either paying outrageous rates for work for hire privately, or subject to subsidizing the corporate entities through theft or public welfare benefits scamming those in their employ.

And it is the border hoppers that are creating most of the criminal activity, those that do not in any way ever intend to become U.S. citizens and would not take up any offer of amnesty if it were extended. In fact, with the situation in the border states as it is now and all the benefits now granted to illegals through federal provisos which even supercede state laws, there is not a single reason at this point I could think of that would make it advantageous for any illegal in this country any longer to naturalize.

Since the Bill of Rights appears now to apply more so each any every year to corporation "person-hoods", and foreigners and not those for whom it was actually intended, the lawfuly natural and naturalized U.S. CITIZENS as "We the people."