It appears that the much ballyhooed mortgage rescue for all those homeowners living in primarily the West and Southwest, and Michigan appears to have been no rescue at all.
Last month once again saw a record number of foreclosures in those states and there has been no significant rebound of the housing market throughout the nation. Of course, the boom and bust cycle has been blamed by the mainstream media in claims that most of those buyers either "borrowed too much" or bought too much home.
As one who lived for many years in a state that has seen these boom and bust cycles since the 1970's, Arizona, I can tell you there is much more to it than that.
What lead to this disaster simply has not been widely reported, nor has been addressed in any significant manner by either this, or the prior Administrations.
What hasn't been disclosed in the mainstream media is the fact that most of those states are "foreclosure friendly" states to begin with, and states with a high turnover rate due to the fact that they are retirement states for most of the Canadian and East Coast retirees.
And that most of those new loans and refinances weren't simply "creative" loans, or even "interest only" loans at all, but many were not even based on the U.S. prime interest rates, but on the London banking rates (the LIBOR, or London Interest Bearing Origination Rate).
At the current exchange rate, that means most of those loan adjustments will be based on a currency rate that is one and a half times that of the U.S. dollar at this point.
Which means that an adjusted rate of 3% based on the London market rates is another one and a half percent over one based on the U.S. prime.
With all the publicity and mass media promotion of the Fed's slashing interest rates during this economic tsunami, little has been said that if a home mortgage rate isn't even based on the U.S. prime, the Fed's slashing of interest rates isn't going to assist in any significant manner whatsoever those home buyers who were "sold" loans based on a foreign currency and interest rate.
Which begs the question, how in the world could U.S. charter banking institutions be selling mortgage loans in this country that are not even based on the U.S. currency to the American public?
One of the prime lenders of these loans was based in Michigan, and most of the others were based in California, although even the Michigan bank which is under investigation at this time, it was announced, heavily sold loans in the West and Southwest through its offices there. However, nothing has been published on the London bank rate loans some of these entities were selling to the unsuspecting public.
Interestingly enough also, those states that are affected have the highest number of Canadian retirees, or as with Michigan, border Canada. Which would mean perhaps that those banks were attempting to compete with the Canadian banks for a share of the Canadian market for homes purchased by Canadians in the United States but using "their" currency rates in order to so do thus bulking up the profits of those lenders in the process.
And they were bankrupt?
Which is even more troubling that banks in this country which are federally insured by the FDIC and Fannie Mae and Freddie Mac would be compromising the economy of this country on behalf of foreign investors in second "vacation" home properties, or were somehow unaware that their affiliated banks were selling loans based on a foreign interest rate or currency. That would be highly suspect, as such information would be readily discernible during any bank audit, and I'm sure one or two of those big box lenders especially in California had to have been audited during that boom.
Although many of the Canadians especially in Arizona only live in the United States for six months out of the year, they don't pay any U.S. federal or state income taxes nor a proportionate share of the sales and other taxes United States full time resident citizens pay, although as with the bank bailouts, it was the United States citizens that ate the risk for those banks that wrote many of those loans for those foreigners who defaulted also, since many were second homes to begin with and while they may have lost their investment for most of those huge closing costs that also were a part of some of those loans, they didn't lose their true "home" at all.
Not like the Americans who were also sold those loans in order to both bulk up the profits of those banks, and also assume some of the risk through the backdoor for those loans which were sold to the Canadian market.
While Obama then "saves" the pension plans of the GM Canadian workers, while giving the "buck up, we all must sacrifice" speech to the U.S. autoworkers in Detroit then that were laid off.
It appears this proclaimed "citizen of the world", as with the last Administration, is more concerned with appeasing the "world" audience and investors, rather than protecting the homesteads of the U.S. citizens.
Since the actual terms and conditions of those loans actually have not changed when there was no meaningful regulatory functions included with the bank bailouts.
Instead, it does appear that in this Administration is promoting now primarily refinances, and advertising these slashed Fed rates for new home buyers and purchases with tax credits, it would appear, again the "hook" so that instead of "rescuing" or protecting the U.S. citizens home investment, the Obama Administration is simply working for the European bankers and attempting to get more and more Americans into those fraudulent London market rate loans so that even more Americans lose their homes during the next boom and bust cycle.
This "rescue" sounds more like a set up for the next generation, and those retiree boomers, or possibly the "new" Americans that Congress and this Administration, as the last, wishes to "legalize," who cannot read English or at least might have a little trouble with all that legalese now in those 50 page loan docs.
You know all those "kids" that this Administration and the last used at election time in order to score points with the voters, to be the next victims in another ten to twenty years, in order to lose even the small amount of equity they may have built up with those usurous rates.
I do believe that there may be more important legislation needed here than the No Child Left Behind Act in order to protect America's children from the banking industry so that maybe they, too, can someday truly realize the American dream of home ownership and not simply "stewardship" for the British or the U.S. banks working in partnership of their home and land.
And now these properties in the West and Southwest are once again being hawked in the East Coast and Canadian markets for the upcoming boomer generation - many of whom are hardly the golf cart type, but be forewarned all you East Coast and Canadian tenderfoots. Promoting all the "steals" now that can be had.
The term "steal" is actually quite accurate, in this case, literally.
The British bankers are on their way to reclaiming the West and Southwest for the Crown, with the assistance of the Tories in Washington who apparently are selling not only a great deal of our vital industries and infrastructure to foreigners through the "global" stock market, but now even the private land in this country through the backdoor by not simply not regulating the U.S. banks and their lending practices, but actually facilitating a British takeover of our entire country parcel by parcel, as it were.
Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts
Thursday, February 11, 2010
Saturday, January 23, 2010
New Home Buyers: Beware the LIBOR
Although the mortgage meltdown is still continuing primarily in the West and Southwest and Sunbelt States since the only real assistance that has been facilitated by the new Obama Administration has been directed toward new home buyers and pushing refinancing (which actually stimulates the bankers and Wall Street once more with all those upfront fees and costs for those new loans), hopefully take the advice of one who lost hers in this tsunami for various reasons - escalating property taxes due to the short lived "boom", property insurance costs due to its then increased valuation tied to those rates, auto insurance costs due to the open borders thefts and higher than normal accident rates for the Phoenix metro area, and ease and enjoyment of it due to covenants and restrictions on the property that increased in severity and costs of my enjoyment of it inflicted by "the state" after its purchase during my 12 year "ownership" of it.
Read the fine print, especially with respect to the basis for the loan itself.
My loan actually was sold by one of those "riskier" lenders due to a refinance that I was forced into for some of the above reasons, and was based upon a London market based rate - the LIBOR.
Not even U.S. prime, mind you, but a London banking rate.
Since the British pound or Euro is at higher levels in the currency exchange market, of course, that also made the increases in the ARM rate that was also a part of the loan terms increase even more than one based on the U.S. dollar and U.S. prime.
How those banks could sell loans based on the British market in this country, I haven't a clue.
But new home buyers and refinancers look out and read that fine print and make sure it is based on at least U.S. prime, since it doesn't appear any further regulation of those banks was at all part of this "rescue" for those still at this juncture losing theirs.
In fact, absolutely no regulation at all has been included addressing the terms of some of those loans in their "usurous" terms and interest rates, and of course the huge junk fees that were charged in order to even get some of those loans to begin with.
Last month again saw more foreclosures, and also a slower market than the year before.
Apparently, the buying public is getting wise to the fact that a home purchase at this point in this country is becoming more of a liability, than an asset and a "high risk" investment that can be snatched from them during the next banker/Congressional manipulated meltdown.
Take a clue from one who learned at an advanced age (56) and after 12 years of "non-ownership" and one who this was not the first home purchase, and had legal knowledge and experience - be careful before signing on the dotted line since it seems the market is now geared toward the sharks, and not the Constitution with respect to home or land property rights and ownership.
The tsunami was one huge "taking," facilitated by Congress and the Fed in their negligence since those loans were primarily sold in the West Coast market and strangely Michigan for several years during that boom and bust cycle, and fixed rate and assumables have almost gone the way of the dinosaur for added banker profits - meaning you may qualify for that home today, but since those rates are based on a foreign currency and market better now than that of the U.S. - it will be, of course, Americans and not foreigners (from Canada and Europe now living in the U.S.) who will lose those homes.
Or those that can't speak English in order to even read those now forty to fifty page loan documents to begin with.
And remember that any lawyer legally required at closing by the states, works more for the industry than for you since most are referred by those title companies, banks or realtors getting those huge fees also at close of escrow.
Beware the LIBOR.
Read the fine print, especially with respect to the basis for the loan itself.
My loan actually was sold by one of those "riskier" lenders due to a refinance that I was forced into for some of the above reasons, and was based upon a London market based rate - the LIBOR.
Not even U.S. prime, mind you, but a London banking rate.
Since the British pound or Euro is at higher levels in the currency exchange market, of course, that also made the increases in the ARM rate that was also a part of the loan terms increase even more than one based on the U.S. dollar and U.S. prime.
How those banks could sell loans based on the British market in this country, I haven't a clue.
But new home buyers and refinancers look out and read that fine print and make sure it is based on at least U.S. prime, since it doesn't appear any further regulation of those banks was at all part of this "rescue" for those still at this juncture losing theirs.
In fact, absolutely no regulation at all has been included addressing the terms of some of those loans in their "usurous" terms and interest rates, and of course the huge junk fees that were charged in order to even get some of those loans to begin with.
Last month again saw more foreclosures, and also a slower market than the year before.
Apparently, the buying public is getting wise to the fact that a home purchase at this point in this country is becoming more of a liability, than an asset and a "high risk" investment that can be snatched from them during the next banker/Congressional manipulated meltdown.
Take a clue from one who learned at an advanced age (56) and after 12 years of "non-ownership" and one who this was not the first home purchase, and had legal knowledge and experience - be careful before signing on the dotted line since it seems the market is now geared toward the sharks, and not the Constitution with respect to home or land property rights and ownership.
The tsunami was one huge "taking," facilitated by Congress and the Fed in their negligence since those loans were primarily sold in the West Coast market and strangely Michigan for several years during that boom and bust cycle, and fixed rate and assumables have almost gone the way of the dinosaur for added banker profits - meaning you may qualify for that home today, but since those rates are based on a foreign currency and market better now than that of the U.S. - it will be, of course, Americans and not foreigners (from Canada and Europe now living in the U.S.) who will lose those homes.
Or those that can't speak English in order to even read those now forty to fifty page loan documents to begin with.
And remember that any lawyer legally required at closing by the states, works more for the industry than for you since most are referred by those title companies, banks or realtors getting those huge fees also at close of escrow.
Beware the LIBOR.
Friday, October 9, 2009
Global Socialist Barack Obama Receives Nobel Peace Prize
(For Any And All Conserve-ative Americans)
With all the brouhaha and ballyhoo that has been the buzz on the mainstream and citizen journalism sites of the recent announcement that Barack Obama has been awarded a Nobel "peace" prize for his work in his less than one year in office to many Americans such as myself such a move comes as absolutely no surprise from this politically focused international group.
After all, global socialism is part and parcel of the entire focus of such awards, and world government control of the masses under U.N., World Bank, WHO and other internationally funded and facilitated groups outside of the sovereignty of all nations on the planet its primary and fundamentally its purpose.
What is truly surprising is the fundamental hypocricy of such a position, in that the U.S. is now is engaged in facilitating supposed "peace" through war in the Middle East on behalf of Israel most of all in our continued presence there, and also "global" corporate interests outsoucing both American jobs and industry for their cheap labor needs in the Middle East due to currency fluctuations and the world government agendas which have progressively been at work here through the globalists (mislabeled either Republican or Democrat at this point) esconced there.
But then again, the prize for the award (approximately 1.4 million) is also funded by those same European banking cartel members who were responsible for the creation of Israel in the wake of World War I under the British Balfour Doctrine.
So it appears that the "surprise" of this announcement has to do with just exactly how desperate now those "powers that be" are to now continue facilitating their agendas of world government control by pulling out all the stops.
The list of all the last U.S. presidential recipients of this award reads like a "who's who" of the European banking control and Council on Foreign Relations members which is the U.S. spinoff of their political agendas.
Woodrow Wilson (who created the Federal Reserve "shell" of a a national bank which is owned by the London Rothchild banking family primarily - and the 16th Amendment and "income" tax on Americans in order to profit off of this country and its people and reinstitute British rule in the process), Theodore Roosevelt (another globalist) and Jimmy Carter (an also member of the Council on Foreign Relations responsible for the temporary halt of tensions with respect to Israel, but for which came at a huge cost once again in U.S. involvement now progressively).
Mr. Obama's is facing huge declining ratings at home due to the U.S.'s continued involved in wars now for decades on behalf of Israel and the zionist elements living within this country post World War II, whose agendas are actually diametrically opposed to what this country's roots and founders were all about.
Freedom of religion, and freedom from religious prosecution.
A nation's whose primary tenants would not support the continued involvement in a country whose primary focus is in creating and maintaining a purely Zionist state, not one in which religious differences and practices are given a whole lot of weight at all, other than by mere gesture from most of the reports.
Christians and Muslims are marginalized within the Israeli government, and their interests are and have been progressively abridged since post World War II.
In fact, there are many of the Jewish faith within Israel itself that have been marginalized due to their positions that zionism is not biblical doctrine with respect to the Jewish faith at all.
And with a war still raging unconstitutionally in this country, which was founded on non-interventionism and freedom of religion, and also nationalism and not globalism in the slightest - since we did fight a war to break free from global foreign interests and controls which were compromising this country's safety and security, and had progressively made those founders homeless and jobless in the process, this award smacks of a "bribe" for the international community's agenda once again.
To continue risking American lives, jobs and security for Europe's safety and security most of all. Especially Britain, who entered into this agreement in the first place, but has progressively shifted its wars and costs, and the security of our nation in the process progressively since World War II. That continued unholy "alliance" with Britain facilitated by FDR and Churchill has had a monstrous cost to Americans ever since.
And it appears others in the international community can also see through the political scope of this award. Since the gasps were heard throughout the room when the award was announced, from all reports.
So it does appear that some unseen force and powers that be are behind this "globally focused" organization had a hand in the outcome for political reasons.
Most likely those picking up the tab. Those British bankers, after all, who value Israel more for its real estate potential and tourism, it would appear, than anything else. And tourism is suffering in that region right now due to these continuing conflicts and interventionist policies on behalf of Israel.
This "zionist state" was Britain's creation, after all, not the United States since that Balfour Doctrine precedes World War II by literally decades.
Who appear desperate now that the United States citizens are waking up more and more to who is truly pulling the strings also of our government officials, and this sacrifice of the American people and their safety, security and livelihoods for the global agendas with respect to Israel and the Middle East in order to facilitate total global economic control for their "welfare," and the privileged few that are the elitists that have been involved in this agenda since that Wilson era.
With all the brouhaha and ballyhoo that has been the buzz on the mainstream and citizen journalism sites of the recent announcement that Barack Obama has been awarded a Nobel "peace" prize for his work in his less than one year in office to many Americans such as myself such a move comes as absolutely no surprise from this politically focused international group.
After all, global socialism is part and parcel of the entire focus of such awards, and world government control of the masses under U.N., World Bank, WHO and other internationally funded and facilitated groups outside of the sovereignty of all nations on the planet its primary and fundamentally its purpose.
What is truly surprising is the fundamental hypocricy of such a position, in that the U.S. is now is engaged in facilitating supposed "peace" through war in the Middle East on behalf of Israel most of all in our continued presence there, and also "global" corporate interests outsoucing both American jobs and industry for their cheap labor needs in the Middle East due to currency fluctuations and the world government agendas which have progressively been at work here through the globalists (mislabeled either Republican or Democrat at this point) esconced there.
But then again, the prize for the award (approximately 1.4 million) is also funded by those same European banking cartel members who were responsible for the creation of Israel in the wake of World War I under the British Balfour Doctrine.
So it appears that the "surprise" of this announcement has to do with just exactly how desperate now those "powers that be" are to now continue facilitating their agendas of world government control by pulling out all the stops.
The list of all the last U.S. presidential recipients of this award reads like a "who's who" of the European banking control and Council on Foreign Relations members which is the U.S. spinoff of their political agendas.
Woodrow Wilson (who created the Federal Reserve "shell" of a a national bank which is owned by the London Rothchild banking family primarily - and the 16th Amendment and "income" tax on Americans in order to profit off of this country and its people and reinstitute British rule in the process), Theodore Roosevelt (another globalist) and Jimmy Carter (an also member of the Council on Foreign Relations responsible for the temporary halt of tensions with respect to Israel, but for which came at a huge cost once again in U.S. involvement now progressively).
Mr. Obama's is facing huge declining ratings at home due to the U.S.'s continued involved in wars now for decades on behalf of Israel and the zionist elements living within this country post World War II, whose agendas are actually diametrically opposed to what this country's roots and founders were all about.
Freedom of religion, and freedom from religious prosecution.
A nation's whose primary tenants would not support the continued involvement in a country whose primary focus is in creating and maintaining a purely Zionist state, not one in which religious differences and practices are given a whole lot of weight at all, other than by mere gesture from most of the reports.
Christians and Muslims are marginalized within the Israeli government, and their interests are and have been progressively abridged since post World War II.
In fact, there are many of the Jewish faith within Israel itself that have been marginalized due to their positions that zionism is not biblical doctrine with respect to the Jewish faith at all.
And with a war still raging unconstitutionally in this country, which was founded on non-interventionism and freedom of religion, and also nationalism and not globalism in the slightest - since we did fight a war to break free from global foreign interests and controls which were compromising this country's safety and security, and had progressively made those founders homeless and jobless in the process, this award smacks of a "bribe" for the international community's agenda once again.
To continue risking American lives, jobs and security for Europe's safety and security most of all. Especially Britain, who entered into this agreement in the first place, but has progressively shifted its wars and costs, and the security of our nation in the process progressively since World War II. That continued unholy "alliance" with Britain facilitated by FDR and Churchill has had a monstrous cost to Americans ever since.
And it appears others in the international community can also see through the political scope of this award. Since the gasps were heard throughout the room when the award was announced, from all reports.
So it does appear that some unseen force and powers that be are behind this "globally focused" organization had a hand in the outcome for political reasons.
Most likely those picking up the tab. Those British bankers, after all, who value Israel more for its real estate potential and tourism, it would appear, than anything else. And tourism is suffering in that region right now due to these continuing conflicts and interventionist policies on behalf of Israel.
This "zionist state" was Britain's creation, after all, not the United States since that Balfour Doctrine precedes World War II by literally decades.
Who appear desperate now that the United States citizens are waking up more and more to who is truly pulling the strings also of our government officials, and this sacrifice of the American people and their safety, security and livelihoods for the global agendas with respect to Israel and the Middle East in order to facilitate total global economic control for their "welfare," and the privileged few that are the elitists that have been involved in this agenda since that Wilson era.
Friday, August 28, 2009
State Politicos Capitalizing On Mortgage Crisis for Careers
I read recently that Terry Goddard, Arizona's current attorney general, has joined a Task Force supposedly to address the scam artists operating in Arizona after Obama's claimed "rescue" was announced.
Below is a copy of a letter I sent to the Arizona legislature as a former 45 year resident and victim of state and federal governmental negligence to do their primary jobs and functions with respect to both regulation of commercial interests operating within the state, and also the border security issue which has progressively also victimized so many thousands of border state residents.
Dear Legislators:
I read with interest the interviews Mr. Goddard has been conducting on his now appointment and selection in the 10 state "Mortgage Foreclosure" Task Force. About four years too late, isn't he? Actually, about fifteen if you count the ones now being lost by homeowners to those "state actor" HOA foreclosures also facilitated by the Arizona legislature's progressive unconstitutional legislation with federal collusion, of course, for the benefit of U.S. developers and the municipal governments at private property owners expense selling what are no more than "use rights" as "ownership" rights.
My response to one such recent article is below, in which he attempted to shift blame for this "white collar criminal fraud" on simply the now ex-real estate agent taxpayer paid "advisors" when it is and was clear that Obama's focus was to protect the foreign investors through those banks and simply paint it for the public as a "rescue" and help for those scammed homeowners by those lenders and agents pushing those loans for higher commissions. In fact it is nothing more than a means to facilitate more profit for the banks and flip those properties while continuing to collect those fees and added usurous costs in those "contracts" before eventual foreclosure, with the future plan quite apparent being setting up the "new legalized" Americans as the next patsies in what appears to be at this point a governmentally facilitated Ponzie scheme.
Which now has been recyled twice, last time under during the Keating fiasco in the 80's under Reagan.
Along, of course, with a new group of retiree baby boomers from the East and Midwest drawn by all those ads the realtors are running in the East Coast and Midwestern newspapers on the cheap housing now available, after stealing them from the Regan era group now in their 70's and 80's.
And the fleeing liberal Californians also from the havoc they have wrecked in their own state due to their also progressive liberalism on both sides of the aisle - Republican big business corporate welfare liberalism and Democrat big business corporate welfare liberalsm, with just a shift in "corporate" group of beneficiary at the individual citizen's expense.:
"Most of those unlawful mortgages were written out of California, Mr. Goddard, and Arizona by Countrywide, IndyMac, Bank of America (now a front for Merrill Lynch after the bank "bailout" of the Federal Reserve bank branches by the Federal Reserve and thus the entire "bailout" a fraud on the public to begin with, and which as an investment broker bundled and resold a great many of those mortgages to those foreign investors on the secondary markets to begin with).
And not mentioned is the contribution in these foreclosures of the scam HOAs that Arizona instituted as nothing more than "use rights" sold as "ownership" and "socialized housing" which are also responsible for most of them in their unregulated practices, overly restrictive maintenance standards and costs and that "extra" uncredited taxation which is what is leading to many losing their homes, especially the retirees and others on fixed incomes - incomes which did not "adjust" at all during the boom while property taxes skyrocketed.
As one who lost their home (and home state) after 45 years during this mortgage meltdown due to those unlawful statutes and "state" actors and actions, and also three illegal immigrant thefts during the past 10 - this "task force" is so he can promote himself in the race for Governor for 2010 and nothing more.
For years, when homeowners were being ripped off right and left by the state created HOAs (because they can even move faster than the mortgage companies, or act in collusion with them through the "industry" foreclosure lawyers associated within the Bar itself), Mr. Goddard simply posted notices to "Beware of foreclosure scams," that was the extent of his involvement on behalf ot the Arizonans who were paying his salaries and is supposed to address such criminal matters through his offices and high taxpayer paid staff members.
And he and all the lawyers he employs in that office must be playing Guitar Hero on their new stimulus provided computers from that taxpayer paid billion dollar grant to Silicon Valley (the largest recipient also on the Middle East wars, and domestic spying program now)...because his idea of prosecuting felons in that state that are involved in the white collar criminal activity going on in the real estate market there is posting notices on his website - or telling homeowners to go "file a lawsuit" (foreclosed on property owners don't usually have five figure retainers, and he knows it) when that is HIS JOB - to represent Arizonans in capital criminal matters.
And stealing homes and equity without trials in many of these ongoing foreclosures due to the extenuating circumstances in lack of regulation in any manner whatsoever in Arizona of the real estate industry, banks and predatory lawyers engaged in this continuing practice is capital fraud, not civil fraud.
And they are setting up the illegals that they intend to legalize as the next victims, who won't be able to read those 50 page loan docs in English since most Americans could not understand that speak fluent English. Or even those that have legal training and experience they are so full of legalese and double speak, and protective covenants for the lenders most of all not simply on repayment of the loans, but also care and upkeep of the properties themselves even with the heavy front end costs, down payments and junk fees that were charged also for most of those loans.
It appears now that the MO is that in another 20 years, another new generaton of retirees those brokers and agents then lure to Arizona with these "cheap" properties with their ads in the Chicago and East Coast newspapers on the great "deals" in Arizona real estate and homes once again can be fleeced then of theirs when their health starts to decline, and upkeep and maintenance then starts to also be affected due to physical or economic limitations.
Live there long enough, you see the practice in real estate flipping is contrived since there are more realtors and brokers, and lawyers in Arizona combined than the rest of the population, and is an "industry" in and of itself, recycled now ever 15-20 years on those 30 and 40 year notes. And no wonder such a high crime and transient state, with also the border issue factored in and the high costs of insurance as a result of that also negligence on the part of the federal and state government.
Without, of course disclosure to all those Midwestern and Easterners that are lured through the advertising done there as a place for "retirement." What should be stated is that now it is clear that the intent is merely for those seniors to be retired of their wealth and eventually their retirement home, is more like it.
This time, however, even many long term Arizonans have been affected due to their equity investments and lower wages paid than those in other states historically.
So watch out, because as you age or have any unexpected expenses such as an illegal immigrant theft or two from those cross borders auto or identity theft rings, YOU might be next, especially when you get elderly, ill or have a lot of equity built up, or Washington, the bankers, lawyers and real estate vipers decide they need another stimulus creating another one of these manipulated housing crisis there for the next generation of victims.
The intent of the financial sector and real estate "industry" leeches is that they want you to never own your home and keep control of it for as longer as possible until they relieve you of it on some trumped up "economic" meltdown, uncredited, nonconsensual property tax hikes using the state created HOAs and their "advisors", the foreclosure industry lawyers and management concerns that profit from property seizures, or some trumped up "use right" violation (even a property enhancing improvement is subject to now state actor "approval" or legal proceedings if "unapproved", to flip it then for their own portfolios or profit.
Obviously, the only motivation for his now involvement is purely a selfish one at the Arizonans expense - he now chooses to get involved about four years after the fact as a prelude to his run for Governorship in 2010.
Crime and criminal property theft is now a "job stimulus" creating "new jobs" for the foreclosure lawyers and real estate industries (members of two the largest lobbying groups in Washington), and political careers of the state and federal legislators most of all.
While the AGs office just got a boost and bonues from some of that stimulus money to upgrade their computers so that all those taxpayer paid lawyers who sat on their hands while that white collar crime was going on can have the latest high tech gadgetry for their video games, added to that now apparently the State of Arizona had the audacity to plead bankruptcy after not only receiving all those stimulus monies at even the foreclosed on homeowners expense, but has been collecting all those overpaid property taxes for at least 15 years while not having to provide many of those public services that have been unlawfully transferred to homeowners living in those HOAs.
Not to mention also collecting added bonuses in sales tax revenue due to the also unlawful privatization of the utility companies there which occurred after Palo Verde was built and paid for by the Arizona ratepayers (as, of course, a state governmental function and Arizona taxpayer "publicly" owned utility). Of course, that "privatization" was also facilitated by Washington, who now inflicts their own added taxation through the Nuclear Regulatory Agency fines and penalties that are also passed now down to the rate payers in "emergency rate increases," such as the last one in order to bulk up the Wall Street investors portfolios at the Arizona citizen's expense yet again.
I wonder how many foreign investors are in on that public/private partnership at this point? Selling off and parceling out share of one of our nuclear facilities to foreign interests definitely is not outside Washington and the bankers greed, that's evident.
The excess revenue the state receives at this point is in the hundreds of billions, but appears until all the citizens are actually homeless or bankrupt, it is never enough.
But Goddard's actions at this point in again as with the border issue also by state government officials, is being used for political reasons only and appearing to be doing something but doing really again nothing at all to either perform the jobs in which they have been entrusted, or protect the Arizona residents from criminal activity and abuse such as the open borders and this real estate fraud of which literally thousands of Arizonans at this point have been brutally victimized both personally, and economically.
And this is what is coming out of our law schools and those five figures for higher education?
What a waste of Americans money to send them for post graduate or higher education at all these days, it appears for all the understanding that most now coming out of the "liberal" academic community have about American history, and our intended form of Constitutional government.
P.S. And I also noted that new Governor Jan Brewer (Napolitano's replacement, also negligently responsible for much of what has occurred during her six years of "nonaction" on behalf of Arizonans) also simply has a "beware" message on her website for some of these counselors that were the new "jobs" created by this manipulated crisis apparently Congress and Obama were speaking of.
We are now ripping off people of their homes and property in order to provide "new jobs" and a "stimulus" for the foreclosure industry also at the federal and state level. And now debating the second largest tax in history on top of it after that Cap & Trade scam, the federal Health Care Actuary Tax.
The founders I'm sure are just so very proud of how our leaders have honored their sacrifice so many years ago - and Arizona's too. I'm sure Barry Goldwater and Carl Hayden are spinning in their graves about now. While both had skeletons in their closet as almost any politician today does, what is now occurring "progressively" would outrage and sicken them.
And you might want to inform Ms. Brewer since she does also seem a bit clueless.
She indicated in her article that mortgage companies don't charge fees for information on your mortgage. She is clearly not familiar at how usurous some of those loans actually were, after they were resold (since my original mortage back in 1994 was with a small mortgage company that was then bought out by Countrywide, prior to my having to refinance after the insurer (a globally now based one) increased my home insurance to three times its original amount due to the boom and then also the outrageous fees charged by their vendor for their services after one claim filed in 20 years due to a kitchen fire which, due to the quality of construction, was much more damaging than it should have been, and the horrendous increase in property taxes which also occurred.
Not to mention that fraudulent then action I subsequently was involved with in a small claims action (which was moved out of my own judicial district even) in which two lawyers involved and provided by the insurers on a 12 year overcollection in HOA assessments then went so far as to manufacture evidence in order to "win" his case and a $14,000 legal fee award for a small claims matter they kept going for their profit for over a year and a half. And unbeknownst to me I was paying for my own abuse through those unlawful HOA added property tax assessments for a private insurance policy also that afforded this dual defense on a small claims action with result was nothing more than state facilitated tyranny and added property theft.
The only refinance I could then secure at the time due to the amount of the claim itself was wiith that other unregulated California lender Indy Mac (whose home offices actually were in Michigan, with them also another state with high foreclosures - gee, I wonder why?).
When I had to go through the refinancing, the original lender, Countrywide, then attempted to charge me $35.00 just for the payoff figure for the loan, which "junk fee" wasn't in my original loan and actually seemed odd since this wasn't my first home and does appear that these deemed contracts are being unilaterally revised even after purchase as the new "industry standard," without at least one of the party's express consent in the process.
Since, of course, Congress afforded also these loan shark banks which primarily wrote most of those loans with Fannie Mae and Freddie Mac to not only rebundle and resell them to foreign investors, but also to actually sell the loans to other mortgage companies and "revise" them during the life of the loan with simply a "disclosure" as the only citizen protection for then those nonconsensual added "clauses" and "riders."
Mere "disclosure" that the terms can be unilaterally change by simply one of the parties to the original financial transaction?
Buying a home today is nothing more than a liability and I'm sure most parents are telling their kids now that the American dream is nothing more than the American nightmare - in both costs of ownership, and risk.
So the Governor also, Ms. Brewer, appears to be giving out somewhat false information also with respect to these loans, whether intentially or simply misinformed.
But maybe if she took the time to actually read hers, or speak with some of the victims rather than posting inadequate and inaccurate notices on her website, she might even be able to also start doing her job and earning her high paid salary.
Many of the loans which are sold were also unlawfully based on not the U.S. prime, but London banking market rates.
So when will our national anthem officially change from the Star Spangled Banner to God Save The Bankers?
Below is a copy of a letter I sent to the Arizona legislature as a former 45 year resident and victim of state and federal governmental negligence to do their primary jobs and functions with respect to both regulation of commercial interests operating within the state, and also the border security issue which has progressively also victimized so many thousands of border state residents.
Dear Legislators:
I read with interest the interviews Mr. Goddard has been conducting on his now appointment and selection in the 10 state "Mortgage Foreclosure" Task Force. About four years too late, isn't he? Actually, about fifteen if you count the ones now being lost by homeowners to those "state actor" HOA foreclosures also facilitated by the Arizona legislature's progressive unconstitutional legislation with federal collusion, of course, for the benefit of U.S. developers and the municipal governments at private property owners expense selling what are no more than "use rights" as "ownership" rights.
My response to one such recent article is below, in which he attempted to shift blame for this "white collar criminal fraud" on simply the now ex-real estate agent taxpayer paid "advisors" when it is and was clear that Obama's focus was to protect the foreign investors through those banks and simply paint it for the public as a "rescue" and help for those scammed homeowners by those lenders and agents pushing those loans for higher commissions. In fact it is nothing more than a means to facilitate more profit for the banks and flip those properties while continuing to collect those fees and added usurous costs in those "contracts" before eventual foreclosure, with the future plan quite apparent being setting up the "new legalized" Americans as the next patsies in what appears to be at this point a governmentally facilitated Ponzie scheme.
Which now has been recyled twice, last time under during the Keating fiasco in the 80's under Reagan.
Along, of course, with a new group of retiree baby boomers from the East and Midwest drawn by all those ads the realtors are running in the East Coast and Midwestern newspapers on the cheap housing now available, after stealing them from the Regan era group now in their 70's and 80's.
And the fleeing liberal Californians also from the havoc they have wrecked in their own state due to their also progressive liberalism on both sides of the aisle - Republican big business corporate welfare liberalism and Democrat big business corporate welfare liberalsm, with just a shift in "corporate" group of beneficiary at the individual citizen's expense.:
"Most of those unlawful mortgages were written out of California, Mr. Goddard, and Arizona by Countrywide, IndyMac, Bank of America (now a front for Merrill Lynch after the bank "bailout" of the Federal Reserve bank branches by the Federal Reserve and thus the entire "bailout" a fraud on the public to begin with, and which as an investment broker bundled and resold a great many of those mortgages to those foreign investors on the secondary markets to begin with).
And not mentioned is the contribution in these foreclosures of the scam HOAs that Arizona instituted as nothing more than "use rights" sold as "ownership" and "socialized housing" which are also responsible for most of them in their unregulated practices, overly restrictive maintenance standards and costs and that "extra" uncredited taxation which is what is leading to many losing their homes, especially the retirees and others on fixed incomes - incomes which did not "adjust" at all during the boom while property taxes skyrocketed.
As one who lost their home (and home state) after 45 years during this mortgage meltdown due to those unlawful statutes and "state" actors and actions, and also three illegal immigrant thefts during the past 10 - this "task force" is so he can promote himself in the race for Governor for 2010 and nothing more.
For years, when homeowners were being ripped off right and left by the state created HOAs (because they can even move faster than the mortgage companies, or act in collusion with them through the "industry" foreclosure lawyers associated within the Bar itself), Mr. Goddard simply posted notices to "Beware of foreclosure scams," that was the extent of his involvement on behalf ot the Arizonans who were paying his salaries and is supposed to address such criminal matters through his offices and high taxpayer paid staff members.
And he and all the lawyers he employs in that office must be playing Guitar Hero on their new stimulus provided computers from that taxpayer paid billion dollar grant to Silicon Valley (the largest recipient also on the Middle East wars, and domestic spying program now)...because his idea of prosecuting felons in that state that are involved in the white collar criminal activity going on in the real estate market there is posting notices on his website - or telling homeowners to go "file a lawsuit" (foreclosed on property owners don't usually have five figure retainers, and he knows it) when that is HIS JOB - to represent Arizonans in capital criminal matters.
And stealing homes and equity without trials in many of these ongoing foreclosures due to the extenuating circumstances in lack of regulation in any manner whatsoever in Arizona of the real estate industry, banks and predatory lawyers engaged in this continuing practice is capital fraud, not civil fraud.
And they are setting up the illegals that they intend to legalize as the next victims, who won't be able to read those 50 page loan docs in English since most Americans could not understand that speak fluent English. Or even those that have legal training and experience they are so full of legalese and double speak, and protective covenants for the lenders most of all not simply on repayment of the loans, but also care and upkeep of the properties themselves even with the heavy front end costs, down payments and junk fees that were charged also for most of those loans.
It appears now that the MO is that in another 20 years, another new generaton of retirees those brokers and agents then lure to Arizona with these "cheap" properties with their ads in the Chicago and East Coast newspapers on the great "deals" in Arizona real estate and homes once again can be fleeced then of theirs when their health starts to decline, and upkeep and maintenance then starts to also be affected due to physical or economic limitations.
Live there long enough, you see the practice in real estate flipping is contrived since there are more realtors and brokers, and lawyers in Arizona combined than the rest of the population, and is an "industry" in and of itself, recycled now ever 15-20 years on those 30 and 40 year notes. And no wonder such a high crime and transient state, with also the border issue factored in and the high costs of insurance as a result of that also negligence on the part of the federal and state government.
Without, of course disclosure to all those Midwestern and Easterners that are lured through the advertising done there as a place for "retirement." What should be stated is that now it is clear that the intent is merely for those seniors to be retired of their wealth and eventually their retirement home, is more like it.
This time, however, even many long term Arizonans have been affected due to their equity investments and lower wages paid than those in other states historically.
So watch out, because as you age or have any unexpected expenses such as an illegal immigrant theft or two from those cross borders auto or identity theft rings, YOU might be next, especially when you get elderly, ill or have a lot of equity built up, or Washington, the bankers, lawyers and real estate vipers decide they need another stimulus creating another one of these manipulated housing crisis there for the next generation of victims.
The intent of the financial sector and real estate "industry" leeches is that they want you to never own your home and keep control of it for as longer as possible until they relieve you of it on some trumped up "economic" meltdown, uncredited, nonconsensual property tax hikes using the state created HOAs and their "advisors", the foreclosure industry lawyers and management concerns that profit from property seizures, or some trumped up "use right" violation (even a property enhancing improvement is subject to now state actor "approval" or legal proceedings if "unapproved", to flip it then for their own portfolios or profit.
Obviously, the only motivation for his now involvement is purely a selfish one at the Arizonans expense - he now chooses to get involved about four years after the fact as a prelude to his run for Governorship in 2010.
Crime and criminal property theft is now a "job stimulus" creating "new jobs" for the foreclosure lawyers and real estate industries (members of two the largest lobbying groups in Washington), and political careers of the state and federal legislators most of all.
While the AGs office just got a boost and bonues from some of that stimulus money to upgrade their computers so that all those taxpayer paid lawyers who sat on their hands while that white collar crime was going on can have the latest high tech gadgetry for their video games, added to that now apparently the State of Arizona had the audacity to plead bankruptcy after not only receiving all those stimulus monies at even the foreclosed on homeowners expense, but has been collecting all those overpaid property taxes for at least 15 years while not having to provide many of those public services that have been unlawfully transferred to homeowners living in those HOAs.
Not to mention also collecting added bonuses in sales tax revenue due to the also unlawful privatization of the utility companies there which occurred after Palo Verde was built and paid for by the Arizona ratepayers (as, of course, a state governmental function and Arizona taxpayer "publicly" owned utility). Of course, that "privatization" was also facilitated by Washington, who now inflicts their own added taxation through the Nuclear Regulatory Agency fines and penalties that are also passed now down to the rate payers in "emergency rate increases," such as the last one in order to bulk up the Wall Street investors portfolios at the Arizona citizen's expense yet again.
I wonder how many foreign investors are in on that public/private partnership at this point? Selling off and parceling out share of one of our nuclear facilities to foreign interests definitely is not outside Washington and the bankers greed, that's evident.
The excess revenue the state receives at this point is in the hundreds of billions, but appears until all the citizens are actually homeless or bankrupt, it is never enough.
But Goddard's actions at this point in again as with the border issue also by state government officials, is being used for political reasons only and appearing to be doing something but doing really again nothing at all to either perform the jobs in which they have been entrusted, or protect the Arizona residents from criminal activity and abuse such as the open borders and this real estate fraud of which literally thousands of Arizonans at this point have been brutally victimized both personally, and economically.
And this is what is coming out of our law schools and those five figures for higher education?
What a waste of Americans money to send them for post graduate or higher education at all these days, it appears for all the understanding that most now coming out of the "liberal" academic community have about American history, and our intended form of Constitutional government.
P.S. And I also noted that new Governor Jan Brewer (Napolitano's replacement, also negligently responsible for much of what has occurred during her six years of "nonaction" on behalf of Arizonans) also simply has a "beware" message on her website for some of these counselors that were the new "jobs" created by this manipulated crisis apparently Congress and Obama were speaking of.
We are now ripping off people of their homes and property in order to provide "new jobs" and a "stimulus" for the foreclosure industry also at the federal and state level. And now debating the second largest tax in history on top of it after that Cap & Trade scam, the federal Health Care Actuary Tax.
The founders I'm sure are just so very proud of how our leaders have honored their sacrifice so many years ago - and Arizona's too. I'm sure Barry Goldwater and Carl Hayden are spinning in their graves about now. While both had skeletons in their closet as almost any politician today does, what is now occurring "progressively" would outrage and sicken them.
And you might want to inform Ms. Brewer since she does also seem a bit clueless.
She indicated in her article that mortgage companies don't charge fees for information on your mortgage. She is clearly not familiar at how usurous some of those loans actually were, after they were resold (since my original mortage back in 1994 was with a small mortgage company that was then bought out by Countrywide, prior to my having to refinance after the insurer (a globally now based one) increased my home insurance to three times its original amount due to the boom and then also the outrageous fees charged by their vendor for their services after one claim filed in 20 years due to a kitchen fire which, due to the quality of construction, was much more damaging than it should have been, and the horrendous increase in property taxes which also occurred.
Not to mention that fraudulent then action I subsequently was involved with in a small claims action (which was moved out of my own judicial district even) in which two lawyers involved and provided by the insurers on a 12 year overcollection in HOA assessments then went so far as to manufacture evidence in order to "win" his case and a $14,000 legal fee award for a small claims matter they kept going for their profit for over a year and a half. And unbeknownst to me I was paying for my own abuse through those unlawful HOA added property tax assessments for a private insurance policy also that afforded this dual defense on a small claims action with result was nothing more than state facilitated tyranny and added property theft.
The only refinance I could then secure at the time due to the amount of the claim itself was wiith that other unregulated California lender Indy Mac (whose home offices actually were in Michigan, with them also another state with high foreclosures - gee, I wonder why?).
When I had to go through the refinancing, the original lender, Countrywide, then attempted to charge me $35.00 just for the payoff figure for the loan, which "junk fee" wasn't in my original loan and actually seemed odd since this wasn't my first home and does appear that these deemed contracts are being unilaterally revised even after purchase as the new "industry standard," without at least one of the party's express consent in the process.
Since, of course, Congress afforded also these loan shark banks which primarily wrote most of those loans with Fannie Mae and Freddie Mac to not only rebundle and resell them to foreign investors, but also to actually sell the loans to other mortgage companies and "revise" them during the life of the loan with simply a "disclosure" as the only citizen protection for then those nonconsensual added "clauses" and "riders."
Mere "disclosure" that the terms can be unilaterally change by simply one of the parties to the original financial transaction?
Buying a home today is nothing more than a liability and I'm sure most parents are telling their kids now that the American dream is nothing more than the American nightmare - in both costs of ownership, and risk.
So the Governor also, Ms. Brewer, appears to be giving out somewhat false information also with respect to these loans, whether intentially or simply misinformed.
But maybe if she took the time to actually read hers, or speak with some of the victims rather than posting inadequate and inaccurate notices on her website, she might even be able to also start doing her job and earning her high paid salary.
Many of the loans which are sold were also unlawfully based on not the U.S. prime, but London banking market rates.
So when will our national anthem officially change from the Star Spangled Banner to God Save The Bankers?
Saturday, August 22, 2009
Bernanke A Psychic? Predicts U.S. Economy Recovering?
In a meeting held in Wyoming recently (not in a major metropolitan city, mind you, for reasons we can only guess), Federal Reserve Bank Chair [person id=48]Ben Bernanke[/person] put quite a creative spin on the U.S. economy and his predictions that the economic markets are stablizing from "the worst recession since the Great Depression" beginning its freefall last September-October coinicidentally just prior to the U.S. presidential elections.
This meeting was attended not simply by U.S. financial industry participants, but also global bankers throughout the world. Which only goes to prove just how much the U.S. economy now is enmeshed with that of other nations of the world, rather than domestically dependent on U.S. production and our own resources and assets.
I certainly would like to know just what crystal ball Mr. Bernanke is using, since last month was reported as the highest month in over a year for those now still losing their homes at over 300,000 more, and also with the highest unemployment rates since that Depression - since although Mr. Obama announced a 1% decrease in jobs lost and those on unemployment - what he failed to mention were the number of new small businesses that have gone under, or those Americans who are jobless still but whose benefits have run out.
And the bank bailout monies it appears are simply being used to satisfy those foreign investors by the branch banks of the Federal Reserve, and not at all as was publicly announced to help those Americans that are still at risk of losing theirs, after watching their property taxes, insurance rates and costs of ownership soar during the past several years of the boom - and with the overly restrictive and junk feed loans that were sold to most of those homeowners during the last ten year cycle in which fixed rate loans or assumables became almost as scarce as affordable gasoline.
In fact, while they are stalling on the processing supposedly of some of these applications, it appears they are merely collecting all those hidden junk fees prior to lowering the boom on those homeowners anyway.
After all, Bank of America issued a statement saying it had only helped about 4% of its loans that were determined "at risk" while continuing to collect those fees. Which is now owned by Merrill Lynch, a New York investment house who acted as agent on the resale of many of those bundled mortgages. Hmmm....sounds more like a pyramid scheme than any actual foreclosure rescue as these facts are coming out more and more.
Nor was any blame or apology set forth by the Fed, since this was a manipulated crisis after all. But much was said about how much the Fed has done in order to prop up the economy, including slashing interest rates to zero.
Big sacrifice, since those zero rate terms do not at all trickle down to the American consumers through their member branch banks at all. Some of those creative loans even sold by Fed branch banks, Freddie Mac and Fannie Mae were even based on London prime rates - not U.S. prime at all.
And since the Euro has been stronger than the dollar due to Fed manipulation, those interest rates skyrocketed. And those loans haven't changed in the slightest since the entire history and reason for this economic crisis was bypassed for the "quick fix" of inflicting instead more taxpayer debt for the Fed's eventual profit.
This performance sounded like such a spin, my head is still spinning just reading the details.
In fact, bank fees and charges have soared to the highest levels ever on overdrafts, ATM fees and transfers, even transfers within banks from one account to another - all of which are also profits of the Fed which are tacked on to those interest rates in the double digits for most credit card purchases and those usurous fees and charges.
Also reference was made to the outrage of the American people for being placed in the position of rescuing this "global market" that the American people had no voice or say in creating in the first place, and bailing out a global London based insurer, AIG, which to date has only accounted for less than 60 billion of the over 170 billion it received.
And one of whose Chief Executives sits on the Council for Foreign Relations in New York, home of the Fed, and is from Israel. I wonder just how much of those bailout monies were simply earmarked for foreign aid to Israel, since it does appear that of AIG's global offices, it was only the London office that was in poor financial shape due to lack of regulation in that country over its investment and insurance practices.
Mr. Bernanke's economic position may be improving, but did he actually look around Wyoming while he was there and speak to any of the locals after giving his speech?
He also mentioned the outrage of the American people in not allowing those banks and big businesses to simply fail. Really surprising considering that the banks are all subsidiaries of the Federal Reserve itself in one way or another through its branch banks - so since the Fed prints the money, and those banks have been making money hand over fist due to reselling most of those lower rate interest loans on the global market, and their increasing junk fees and costs, just how were they ever bankrupt to begin with? The spins and logic here is incredible.
Just why didn't they go through the formal bankruptcy process provided in the U.S. Constitution? That question also remains to be answered since the entire circumstances surrounding that bailout to most Americans is truly quite astounding in the Constitutional violations which occurred.
And just why were those insurers allowed to reinvest those premium payments in high risk investments over the stock exchange in other areas of the financial sector anyway? Did any of those global bankers pose any of these questions, since the American public are dying really to know the answers still to some of these questions.
Appears this speech was another public relations gesture, without much foundation in either truth, or evidence, at this point.
Maybe Mr. Bernanke was simply speaking of the Federal Reserve as a branch of the federal government as the true U.S. economy which is now rebounding.
And then some.
http://news.yahoo.com/s/ap/20090821/ap_on_bi_ge/us_bernanke
This meeting was attended not simply by U.S. financial industry participants, but also global bankers throughout the world. Which only goes to prove just how much the U.S. economy now is enmeshed with that of other nations of the world, rather than domestically dependent on U.S. production and our own resources and assets.
I certainly would like to know just what crystal ball Mr. Bernanke is using, since last month was reported as the highest month in over a year for those now still losing their homes at over 300,000 more, and also with the highest unemployment rates since that Depression - since although Mr. Obama announced a 1% decrease in jobs lost and those on unemployment - what he failed to mention were the number of new small businesses that have gone under, or those Americans who are jobless still but whose benefits have run out.
And the bank bailout monies it appears are simply being used to satisfy those foreign investors by the branch banks of the Federal Reserve, and not at all as was publicly announced to help those Americans that are still at risk of losing theirs, after watching their property taxes, insurance rates and costs of ownership soar during the past several years of the boom - and with the overly restrictive and junk feed loans that were sold to most of those homeowners during the last ten year cycle in which fixed rate loans or assumables became almost as scarce as affordable gasoline.
In fact, while they are stalling on the processing supposedly of some of these applications, it appears they are merely collecting all those hidden junk fees prior to lowering the boom on those homeowners anyway.
After all, Bank of America issued a statement saying it had only helped about 4% of its loans that were determined "at risk" while continuing to collect those fees. Which is now owned by Merrill Lynch, a New York investment house who acted as agent on the resale of many of those bundled mortgages. Hmmm....sounds more like a pyramid scheme than any actual foreclosure rescue as these facts are coming out more and more.
Nor was any blame or apology set forth by the Fed, since this was a manipulated crisis after all. But much was said about how much the Fed has done in order to prop up the economy, including slashing interest rates to zero.
Big sacrifice, since those zero rate terms do not at all trickle down to the American consumers through their member branch banks at all. Some of those creative loans even sold by Fed branch banks, Freddie Mac and Fannie Mae were even based on London prime rates - not U.S. prime at all.
And since the Euro has been stronger than the dollar due to Fed manipulation, those interest rates skyrocketed. And those loans haven't changed in the slightest since the entire history and reason for this economic crisis was bypassed for the "quick fix" of inflicting instead more taxpayer debt for the Fed's eventual profit.
This performance sounded like such a spin, my head is still spinning just reading the details.
In fact, bank fees and charges have soared to the highest levels ever on overdrafts, ATM fees and transfers, even transfers within banks from one account to another - all of which are also profits of the Fed which are tacked on to those interest rates in the double digits for most credit card purchases and those usurous fees and charges.
Also reference was made to the outrage of the American people for being placed in the position of rescuing this "global market" that the American people had no voice or say in creating in the first place, and bailing out a global London based insurer, AIG, which to date has only accounted for less than 60 billion of the over 170 billion it received.
And one of whose Chief Executives sits on the Council for Foreign Relations in New York, home of the Fed, and is from Israel. I wonder just how much of those bailout monies were simply earmarked for foreign aid to Israel, since it does appear that of AIG's global offices, it was only the London office that was in poor financial shape due to lack of regulation in that country over its investment and insurance practices.
Mr. Bernanke's economic position may be improving, but did he actually look around Wyoming while he was there and speak to any of the locals after giving his speech?
He also mentioned the outrage of the American people in not allowing those banks and big businesses to simply fail. Really surprising considering that the banks are all subsidiaries of the Federal Reserve itself in one way or another through its branch banks - so since the Fed prints the money, and those banks have been making money hand over fist due to reselling most of those lower rate interest loans on the global market, and their increasing junk fees and costs, just how were they ever bankrupt to begin with? The spins and logic here is incredible.
Just why didn't they go through the formal bankruptcy process provided in the U.S. Constitution? That question also remains to be answered since the entire circumstances surrounding that bailout to most Americans is truly quite astounding in the Constitutional violations which occurred.
And just why were those insurers allowed to reinvest those premium payments in high risk investments over the stock exchange in other areas of the financial sector anyway? Did any of those global bankers pose any of these questions, since the American public are dying really to know the answers still to some of these questions.
Appears this speech was another public relations gesture, without much foundation in either truth, or evidence, at this point.
Maybe Mr. Bernanke was simply speaking of the Federal Reserve as a branch of the federal government as the true U.S. economy which is now rebounding.
And then some.
http://news.yahoo.com/s/ap/20090821/ap_on_bi_ge/us_bernanke
Friday, August 14, 2009
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?
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?
Monday, July 20, 2009
Auditing The Federal Reserve: Is A Bill Required?
FYI: For All American Conservative Constitutional Constructionists
On several of the liberty focused website there has been a great deal of buzz and announcement with respective to Ron Paul's sponsorship of a bill in order to audit the Federal Reserve. So far, I believe it has over 200 sponsors, and I guess I am perplexed with this "solution" to getting some accountability with respect to the operations of the Federal Reserve and its Board and owners.
Congress actually created the Federal Reserve under an Act of Congress called the Federal Reserve Act back in 1913. Why it would be necessary to initiate legislation in order to "audit" an entity that Congress itself created defies the imagination.
What WOULD be necessary is simply a motion made on the floor in both the House and Senate, and a roll call vote. Not a formal bill.
This actually seems again nothing more than a movement in order to quell the masses who are demanding some accountability and continued to be outraged at the goings on at our nation's capitol.
From my understanding also within the Federal Reserve Act is a provision that our government can "buy back" our economy from the Federal Reserve for a set amount.
And it is unconceivable that the members of the Senate and House Banking Committee members would not be receiving regular reports from the Fed, and also be sitting members on its Board as a government created entity.
But why a formal bill, again, to "audit" an entity that was legislatively created to begin with? This two party system is getting more and more cohesive in their spins for the populace through their PR reps it appears each and every session. Perhaps Rep. Paul's lawyers are also, as it is clear many are not, serving their functions in advising him with respect to such matters and what would be really required.
Since they are writing bills more and more that have absolutely no foundation in our Constitution, and now expanding them to over 1,000 pages in order to obviously create more and more work for themselves and thus logjam our courts even more than they already are. It appears lawyers, bar none, are the largest "welfare" recipients in this country now of all as a group in some way or another. And are primarily responsible for the hijacking of our Constitutional government, the health care now crisis, and banking mess also due to their "contracts" which are not really" "contracts" at all in the sense the founders were referring.
And this entire movement seems similar to the 10th Amendment movement. Simply another distraction and attempt to quell the masses. Since why would the states need to "reaffirm" or "resolve" their status as pre-eminent in most matters over the federal government since it is already written in stone in the Constitution to begin with?
With the exception of those unalienable Bill of Rights provisions (which cannot be "contracted away" as "unalienable" to begin with, nor "legislated" away by the states or federal government with the consent of the governed, not even by federal statute or the Supreme Court), and those specifically designated to the federal government? Just why would a redundant resolution be necessary in order to assert those already given? Ludicrous, and merely another diversionary tactic used by both levels in order to silence the outraged now masses.
I guess this is another example of where our high school American Government classes and particularly our American collegiate law schools and liberal arts programs, are again failing.
On several of the liberty focused website there has been a great deal of buzz and announcement with respective to Ron Paul's sponsorship of a bill in order to audit the Federal Reserve. So far, I believe it has over 200 sponsors, and I guess I am perplexed with this "solution" to getting some accountability with respect to the operations of the Federal Reserve and its Board and owners.
Congress actually created the Federal Reserve under an Act of Congress called the Federal Reserve Act back in 1913. Why it would be necessary to initiate legislation in order to "audit" an entity that Congress itself created defies the imagination.
What WOULD be necessary is simply a motion made on the floor in both the House and Senate, and a roll call vote. Not a formal bill.
This actually seems again nothing more than a movement in order to quell the masses who are demanding some accountability and continued to be outraged at the goings on at our nation's capitol.
From my understanding also within the Federal Reserve Act is a provision that our government can "buy back" our economy from the Federal Reserve for a set amount.
And it is unconceivable that the members of the Senate and House Banking Committee members would not be receiving regular reports from the Fed, and also be sitting members on its Board as a government created entity.
But why a formal bill, again, to "audit" an entity that was legislatively created to begin with? This two party system is getting more and more cohesive in their spins for the populace through their PR reps it appears each and every session. Perhaps Rep. Paul's lawyers are also, as it is clear many are not, serving their functions in advising him with respect to such matters and what would be really required.
Since they are writing bills more and more that have absolutely no foundation in our Constitution, and now expanding them to over 1,000 pages in order to obviously create more and more work for themselves and thus logjam our courts even more than they already are. It appears lawyers, bar none, are the largest "welfare" recipients in this country now of all as a group in some way or another. And are primarily responsible for the hijacking of our Constitutional government, the health care now crisis, and banking mess also due to their "contracts" which are not really" "contracts" at all in the sense the founders were referring.
And this entire movement seems similar to the 10th Amendment movement. Simply another distraction and attempt to quell the masses. Since why would the states need to "reaffirm" or "resolve" their status as pre-eminent in most matters over the federal government since it is already written in stone in the Constitution to begin with?
With the exception of those unalienable Bill of Rights provisions (which cannot be "contracted away" as "unalienable" to begin with, nor "legislated" away by the states or federal government with the consent of the governed, not even by federal statute or the Supreme Court), and those specifically designated to the federal government? Just why would a redundant resolution be necessary in order to assert those already given? Ludicrous, and merely another diversionary tactic used by both levels in order to silence the outraged now masses.
I guess this is another example of where our high school American Government classes and particularly our American collegiate law schools and liberal arts programs, are again failing.
Sunday, July 12, 2009
Obama: New Bob Barker for Global Price Is Right?
Due to abridgements of our Constitution regarding taxation and lending since the Wilson era, the government under Obama is actually now facilitating debt and promoting it.
Case in point: On almost every website lately there are banner headlines and "screams" of "Obama states moms should go back to school, let us help you!" Sucker ads along the lines of his recent pleas with respect to the current depression (we are now at over 16% unemployment) that we are all in this together, and need to make sacrifices in order to pull ourselves out of this governmentally created flatline.
Which scenario was also repeated at the recent axing of many long term employees of GM in also the reductions of some of their pensions in addition to their jobs, while the Mexican and Chinese plants are humming right along.
Meanwhile, of course, ordering pizza deliveries for invited guests from St. Louis, and gasing up Air Force I for a date with the Ms. in New York. Not to mention an inaugural that would have put Julius Caesar to shame, and set this nation back a pretty penny.
We are a debt-based society since Wilson, when our banking system was illegally and unlawfully hijacked and privatized under the Federal Reserve.
It is apparent that a good portion of this nation is actually clueless in the hows and whys of where we are. The Fed, after all, manipulated the first depression, and it is manipulating this one. And dictating policy, that is clear, with respect to the the war in the Middle East. They ARE, after all, European bankers for the most part that are the head honchos and owners of this public/private bank. And really have no country loyalty, after all.
And the most hypocritical thing is, unless you have a "credit" record or at least credit-worthy under the undisclosed methods which are used for compiling credit reports (your financial fingerprints), you can't get credit.
So the system is set up to encourage debt and credit. For the bankers profit, of course. Although those $1.00 notes cost less than .06 cents to print, and with online banking, actually nothing. So every note circulating is actually profit, at an enormous rate that exceeds the loan shark terms which the depression era mobsters used to charge. And the more in circulation, the more profit.
After the "bailout," it is clear Obama works for the bankers, just as Bush did and every single member of each Administration since Wilson.
Which is why apparently he is on his world tours and road trips. To promote their agendas. With carbon footprints now the size of Big Foot.
That bank bailout was nothing more than a fraud. The banks have been making money hand over fist with their usurous loans, and assundry fees and charges.
It used to be you got free glasses or a toaster when you opened a checking account. Now you get a bill and a $2.00 charge if you use an ATM anywhere but at one of their "chain" banking institutions, although they are all tied together through "ownership" by the Fed.
And while he's on the road trips hawking his spending liturgy and religion, those mortgage loans haven't changed, but the terms of those loans have since the 1970's and 1980's. Now there are few "fixed" rate loans unless your credit is platinum, and are precluded for first time new home buyers. Assumable loans, VA and FHA guaranteed loans have also gone the way of the horse and buggy.
That is clearly why all Obama's actions were directed toward refinancing or first time home buyers. Not the literally thousands that have lost theirs during this tsunami. In order to "hook" another generation for the bankers to fleece during the next economic downturn, if we ever pull out of this one without bankrupting the biblical seven generations down the road.
In fact, yesterday I saw a Bank of America commercial (which is now owned by Merrill Lynch) where they are now hawking their great mortgage loans from those sums received in the bailout at the American public's expense nationwide. Essentially it boiled down to: Come on in America, we want to loan your money back to you, and at an adjustable and usurous rate and with non-judicial or seizure and foreclosure terms just like those old loans (which terms now go so far as to dictate maintainance, upkeep, and insurance riders for most of these properties that would make Martha Stewart blush)! Oh, and by the way we need you to sign on the dotted line within 24 hours in order to "lock in" that sliding and adjustable rate (based on the European market and not even U.S. prime)!
So much for truth in advertising.
Case in point: On almost every website lately there are banner headlines and "screams" of "Obama states moms should go back to school, let us help you!" Sucker ads along the lines of his recent pleas with respect to the current depression (we are now at over 16% unemployment) that we are all in this together, and need to make sacrifices in order to pull ourselves out of this governmentally created flatline.
Which scenario was also repeated at the recent axing of many long term employees of GM in also the reductions of some of their pensions in addition to their jobs, while the Mexican and Chinese plants are humming right along.
Meanwhile, of course, ordering pizza deliveries for invited guests from St. Louis, and gasing up Air Force I for a date with the Ms. in New York. Not to mention an inaugural that would have put Julius Caesar to shame, and set this nation back a pretty penny.
We are a debt-based society since Wilson, when our banking system was illegally and unlawfully hijacked and privatized under the Federal Reserve.
It is apparent that a good portion of this nation is actually clueless in the hows and whys of where we are. The Fed, after all, manipulated the first depression, and it is manipulating this one. And dictating policy, that is clear, with respect to the the war in the Middle East. They ARE, after all, European bankers for the most part that are the head honchos and owners of this public/private bank. And really have no country loyalty, after all.
And the most hypocritical thing is, unless you have a "credit" record or at least credit-worthy under the undisclosed methods which are used for compiling credit reports (your financial fingerprints), you can't get credit.
So the system is set up to encourage debt and credit. For the bankers profit, of course. Although those $1.00 notes cost less than .06 cents to print, and with online banking, actually nothing. So every note circulating is actually profit, at an enormous rate that exceeds the loan shark terms which the depression era mobsters used to charge. And the more in circulation, the more profit.
After the "bailout," it is clear Obama works for the bankers, just as Bush did and every single member of each Administration since Wilson.
Which is why apparently he is on his world tours and road trips. To promote their agendas. With carbon footprints now the size of Big Foot.
That bank bailout was nothing more than a fraud. The banks have been making money hand over fist with their usurous loans, and assundry fees and charges.
It used to be you got free glasses or a toaster when you opened a checking account. Now you get a bill and a $2.00 charge if you use an ATM anywhere but at one of their "chain" banking institutions, although they are all tied together through "ownership" by the Fed.
And while he's on the road trips hawking his spending liturgy and religion, those mortgage loans haven't changed, but the terms of those loans have since the 1970's and 1980's. Now there are few "fixed" rate loans unless your credit is platinum, and are precluded for first time new home buyers. Assumable loans, VA and FHA guaranteed loans have also gone the way of the horse and buggy.
That is clearly why all Obama's actions were directed toward refinancing or first time home buyers. Not the literally thousands that have lost theirs during this tsunami. In order to "hook" another generation for the bankers to fleece during the next economic downturn, if we ever pull out of this one without bankrupting the biblical seven generations down the road.
In fact, yesterday I saw a Bank of America commercial (which is now owned by Merrill Lynch) where they are now hawking their great mortgage loans from those sums received in the bailout at the American public's expense nationwide. Essentially it boiled down to: Come on in America, we want to loan your money back to you, and at an adjustable and usurous rate and with non-judicial or seizure and foreclosure terms just like those old loans (which terms now go so far as to dictate maintainance, upkeep, and insurance riders for most of these properties that would make Martha Stewart blush)! Oh, and by the way we need you to sign on the dotted line within 24 hours in order to "lock in" that sliding and adjustable rate (based on the European market and not even U.S. prime)!
So much for truth in advertising.
Saturday, March 28, 2009
Who Owns the Federal Reserve?
The following is a listing of the owners:
Rothschild Banks of London and Berlin
Lazard Brothers Bank of Paris, Israel
Moses Sieff Banks Of Italy
Warburg Bank of Hamburg and Amsterdam
Lehman Brothers Bank of New York
Kuhn Loeb Bank Of New York
Chase Manhattan Bank Of New York
Goldman Sachs Bank Of New York.
So we have an ex-employee of Goldman Sachs, Henry Paulson, and upcoming current employee, Mr. Geither who were/are charged with overseeing that 700 billion September bailout outside the scrutiny of Congress or the American people. With AIG a London based global insurer.
And Goldman Sachs and Lehman brothers, who recently were declared in financial straits but who are actually owners of the Federal Reserve. Congress then is borrowing money from the Fed owned by two banking concerns claiming financial distress but are part owners of the Fed, Lehman Brothers and Goldman Sachs.
What's wrong with this picture?
Rothschild Banks of London and Berlin
Lazard Brothers Bank of Paris, Israel
Moses Sieff Banks Of Italy
Warburg Bank of Hamburg and Amsterdam
Lehman Brothers Bank of New York
Kuhn Loeb Bank Of New York
Chase Manhattan Bank Of New York
Goldman Sachs Bank Of New York.
So we have an ex-employee of Goldman Sachs, Henry Paulson, and upcoming current employee, Mr. Geither who were/are charged with overseeing that 700 billion September bailout outside the scrutiny of Congress or the American people. With AIG a London based global insurer.
And Goldman Sachs and Lehman brothers, who recently were declared in financial straits but who are actually owners of the Federal Reserve. Congress then is borrowing money from the Fed owned by two banking concerns claiming financial distress but are part owners of the Fed, Lehman Brothers and Goldman Sachs.
What's wrong with this picture?
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