Adding Insult to Injury: Obama Settles With The Bankers

As one who was affected by the mortgage banking crisis (and other unconstitutional property "laws") in my home state of Arizona way back in 2006, I was amazed to hear this afternoon that Barack Obama held a rather large news conference in order to announce that the federal government has come to a "settlement" with many of the major banking concerns (primarily located in the West) whose practices led to the loss of untold thousands of American's homes these last five to six years.

First of all, I'm scratching my head wondering just where in the Constitution it affords a president to act as a lawyer on behalf of the American people in this "class action?" It does seem rather odd to me, and don't remember a time in our history when a President has exercised such "authority."

Prosecuting and putting some of those individuals sitting on those Boards of Directors or CEOs and CFOs in jail for a very long while on charges of fraudulent lending practices, or other clearly criminal charges, yes.

But engineering a settlement outside Congressional authority even?

Just where is that duty of office in our Constitution?

It was bad enough when during the honeymoon phase of Mr. Obama's presidency he appointed the former CEO of Countrywide in charge of negotiating refinances for homeowners who were still in danger of losing their homes back in 2009.

Part of the terms of this deal is the payment of a few billion in fines, which apparently is going to be earmarked to offer to homeowners who were foreclosed on "inappropriately" $2,000 as repayment for the loss of their home.

More money also will be set aside for refinancing.

Of course, if the terms of those loans remain the same as the ones which led to this travesty I just wonder how this is going to help most of those homeowners who are still receiving those foreclosure notices.

If non-judicial foreclosures remain the rule of law in many states throughout the nation, just what power does the average homeowner in default due to the continuing joblessness and piss poor economy have against the banking industry still, and their lawyers?

Let me get this straight.

The Federal Reserve who owns all of these banks (created by Congress) poured billions of dollars into these banks during the bank bailouts in 2008-9, which was to be used to ease up credit (which never really happened, but simply afforded the big box banks to buy out the smaller banks) - and now Obama has orchestrated the return of SOME of those monies in order to pay to fund more refinances, and payment of $2,000 to those for which it is "too late" and lost their homes this past five years.

Don't get me wrong. Mr. Romney's "solution" of letting the foreclosures hit bottom so that investors or corporate limited partnerships can scam some of those hot properties for rentals was far, far worse.

Talk about socialism and shifting the wealth around to the politically fortunate.

But I guess it played well for those in the Beltway in the room when he made this much publicized announcement.

But seems to me the current market conditions and all those still empty homes across America are demonstrating a vote of "no confidence" on Main Street.

Banks Issue Flurry Of Default Notices to Homeowners in August

It was reported in the mainstream media that the banks have begun issuing a flurry of default notices to homeowners in August.

So much for the pleas by the President to arrange to work out refinances or better lending terms with the literally thousands of homeowners still who are facing foreclosure, especially in the Southwest, West and Florida, after the latest Washington manipulated boom and bust cycle in which many homeowners were forced into refinances under those "teaser" loans, or even British banking rate terms such as the LIBOR London interest rates.

I guess the time for understanding, or even compassion or integrity has passed.

Gee, I wonder if this has anything to do with Obama's proposal to turn bankers into landlords, and let them "lease out" those properties they are ready to foreclose on to the homeowner who has been scammed out of his property by this boom and bust wave, and the increasing costs of ownership which have also rise far above the cost of living, including in those states with all those property taxes.I wonder just why those banks would be now moving more quickly to initiate those foreclosure actions - to threaten those homeowners into those "lease" agreements, whatever THEIR terms might be?

This should really stimulate the home buying market for those few still in the market to buy into these "New Age progressive" loans and loan terms...

Libyan Lunancy: Media Misses The Mark On Rebellion

With all the reporting this past week prior to Irene's arrival superceding it, much has been reported in the media regarding the recent events in Libya.

Most of the reporting, for the most part has been favorable to the rebels which have gained control of most of Tripoli, forcing Mr. Kaddafy into hiding somewhere with the city.

Photographs were taken and broadcast of the revelry, and of the homes and compounds which were owned by the Kaddafy family prior to their escape.

Of course, at this point it has been stressed that the U.S. is affording the U.N. forces and NATO to take the lead in support for the rebels.

France in particular from what has been reported, keeping the Brits and their involvement from public scrutiny due to the recent events in London, I would suspect.

But much has also been alluded to by the press, apparently at the behest of Washington, such as just how at some point it may be necessary for U.S. troops to go into Libya to restore order and begin rebuilding Tripoli.

Sort of what happened with Iraq, if you recall.

On the pretense of finding bin Laden in that instance.

Which country eight years later we are still rebuilding.

Also what has been left out is that several years ago, according to reports from the foreign press, Kaddafy moved many of the leaders of his regime out of Tripoli, and into outlying areas in order to conduct the existing government's business.

So much of the leadership of Libya isn't even in Tripoli, from those reports.

Two short years ago, it appeared the Brits placed great pressure on Scotland in order to secure the release of the Lockerbie bomber, perhaps setting the stage for this rebellion, and in order to also gain U.S. support for the allied forces mission to have Mr. Kaddafy, Libya and their citizens "get with the program" of their vision of global world government.

The banks in Libya, after all, are state owned and there is only minority ownership afforded any foreign bank operating in Libya under the Kaddafy regime. The state retains 51% ownership of any and all foreign banks there at the present time under their form of government.

Which most likely annoys those globalists within NATO and the U.N. who perhaps don't feel their control or ownership shares are enough.

Libya has always been a thorn in the Brits and U.S. side. Another country rich in oil and oil reserves, yet for the most part there is little else.

All the wealth then, is owned by the state through those oil reserves and their banking system.

Watch to see what kind of "democracy" eventually comes out of Libya.

Whether there will be a "Congress" of states and three distinct branches, or another Parliament.

To see who is really calling the shots here.

And whether, either prior to or after the U.S. elections, there is a move by Washingto to send in our troops to either restore order, or rebuild a "new" Tripoli.

The way things are going, within a generation there may be few able bodied U.S. males left in this country.

The Obama Solution: Lenders As Landlords

This past week there was a news report released by the mainstream media that Barack Obama has arrived at a solution to "solve" the mortgage crisis and foreclosure mess, especially in the hardest hit states of Arizona and Florida, by turning Freddie Mac and Fannie Mae, the mortgagee on a great many of those properties, into landlords.

It was also reported that input into this proposal by the public would be accepted until September.

Instead of actually addressing the true problems and just why the housing market isn't rebounding with the public expressing their free market dissatisfaction with the manner in which most of those properties are sold, with overly restrictive terms and conditions on those loans, and at usurous rates at that, the Obama Administration's agenda appears to be to corner the market on private land and home ownership in this country.

Or shift those properties over to all those investment groups so that all land is eventually "corporately" owned, and "managed".




The greed of the banks and the foreclosure industry at this point is truly incredible.

And make no mistake about it, in both Arizona and Florida the foreclosure industry is very big business, and both states have a very long and illustrous history of land and real estate fraud.

Just imagine all those LLCs and limited partnerships of doctors, lawyers and other high income individuals who will eventually purchase those bargain basement mortgages on entire developments if this "suggestion" becomes law.

Gone will be all private land ownership in this country eventually, as has been the agenda it appears with the progressive agendas of placing management companies and lawyers in charge already of large developments under those covenants already sold with homes in which "homeowners associations" throughout the nation have become the norm. Where the freedom to even paint your home the color you wish, or make improvements now involves a "corporate" or "committee" decision of your neighbors, or the non-owner management companies.

I wonder, just why are Americans turned off at this point with purchasing a property only to find out they truly have no "ownership" rights to speak of in any manner whatsoever.

And just why was this "announcement" buried by most news readers and reporters, when it has such monumental impact with respect to its "legality?"

And all appearances to the contrary, the Democratic Party is clearly as "corporately" focused as Mr. Romney's definition of "people," only this time fundamental private property rights and ownership rights are the targets to this Administration.

Placing them now under banker's control as the "landlords."

So THIS is where all that stimulus money will eventually be spent? Purchasing all the land and homes of Americans also now affected by failed governmental policies who have lost their jobs, and will now be losing their homes to the banker landlords?

When many of those banks who offered those Freddie Mac and Fannie Mae loans are controlled by foreigners through their stock ownership?

Outrageous.


If you agree that this is outside the intent for private property ownership, with banks not as lenders but as landlords, contact the Federal Housing Financial Administration at FHFAinfo@FHFA.gov.

Standard and Poors Rating Makes Americans Even Poorer

With the announcement of the downgrade in the U.S. credit rating by Standard & Poors, the globally focused arbiter of credit rankings of most of the developed and even undeveloped nations of the world, of course Wall Street today took a huge dive, causing many an American, I would imagine, to head for the medicine cabinet and their Pepto Bismol.

In fact, in one of the local papers today there was an editorial cartoon which illustrated two baby boomers standing next to each other with one reading the headlines and commenting to the other, "There goes our retirement savings. At this rate, we'll have to have multiple jobs until we're 90!...with the next panel paning back showing the very same individuals standing in the unemployment line with the other one responding, "I admire your optimism..."

This latest news is once again being used by both political parties to continue to spin those plates in the air, even now many placing the "blame" on the Tea Party while using this latest crisis, of course, for their own election ends - including those claimed "Tea Party" candidates. We've got a third party, alright, but simply another to bring into this three ring circus.

Standard & Poors, whose roots harken back to the 1800's, is now headed by a gentleman who was born in Jakarta, India.

So I guess this downgrading could have been predicted by those in Washington.

I mean, India does have a great deal of our IT jobs, and was also formerly a British holding, which has had off and on conflicts with Pakistan, the country which bin Laden sought refuge and was killed by those Navy Seals, and the country in which Ms. Bhuto was killed a few years back after her extended exile, and who was also educated in Britain...Hmmm...

Not that I believe there is any truly political motive or bias and media spinning going on here...but...

I wonder, since our deficit is merely a paper debt to the Europeans funding our Federal Reserve, without any offsets, just who has been doing the bookkeeping for Washington all these many years?

I'm sure many of those foreign bankers are now scamming some of those rock bottom stocks also right about now, further being given an opportunity to facilitate a "corporate" takeover.

Another boomer and friend recently wrote me who also has a history similar to my own, and is now on the unemployment line.

Worked for over 20 years in the legal profession, about ten more in the travel industry, early in their career in banking and insurance, with also some work in the health care field thrown in for good measure and further diversifying their career portfolio.

All of those employers, of course, paid unemployment on their workforces behalf all those years he was working.

Got his first unemployment check today after working at an hourly position for less than six months before he was eventually laid off from there after a "ramp up."

He is now living high off the hog on $90 per week, less taxes.

While listening to the news hearing that his mortgage interest rates just might increase, and his retirement funds, or what he has left after using it during his unemployment which is basically gone, is now worth even less.

And is pretty much resigned to the fact that all those 1960, 1970, 1980, 1990 and 2000 dollars withheld from his paycheck for Social Security and Medicare and Medicaid most likely he will never, ever see.

Not with the dollar and America being downsized and downgraded.

And just think, with that great American invention, the computer and international online banking, those foreign moneylenders and bankers don't even have to pay for that expensive paper or ink anymore in actually printing our currency.

National Association of Realtors: Listen Up!

Recently while browsing the channels looking for the weather forecasts as those with breathing difficulties can only know, I came across a new ad by the National Association of Realtors promoting home ownership and its benefits and "responsible" financial reform, and as one who has been burned by a home that in the end owned me rather than having really any ownership of it, was more than intrigued by the ad, its representations and tone.

It began by representing how for every home purchased, there are 2 jobs which result, creating millions of jobs for America. But at whose ultimate cost was left out of the equation.

That's right. The homeowners.

I'd say there are a multitude more all paid for by the home purchaser or seller.

First, of course, the realtor.

Due to ever restrictive state laws and provisions, the freedom to list your home and sell your own property through newspaper ads, "for sale" by owner, and other such economical means has been taken over by "the industry."

Add to those also who earn their incomes from the home buying public are the banks, title companies, lawyers, state (all those property taxes collected) and home repair and construction companies in those repairs also now mandated by state law in many states prior to listing a home for sale.

And don't forget the newest leaches on the eventual equity in your home.

The "homeowners association," which also due to state and federal laws are mandated for all new home construction also in most states throughout the nation.

With lien and seizure rights to your property in the event your standards for upkeep and maintenance don't meet theirs, or even one of your neighbors who just might be a realtor looking instead merely for a new listing.

A British law, the "law of servitudes" is being used in order to legitimize these "nonconsensual" contracts on your home and land many times.

Especially in these economic times.

Forget also selling a property "as is" as in the past, leaving the negotiating on the eventual price and repairs then to the buyer and seller.

The market is clearly speaking regarding the "changes" in the mortgage and home buying process that has occurred within the past several decades, and is clearly affecting the realtors and construction industry big time.

As far as the rest of the ad, representations were made insofar as how much wealth Americans have in their homes (ask the recent foreclosed upon "owners" of those properties where their wealth is now, some of whom in many states were not those that bought to flip those homes, but actually to live in them).

That wealth and home that will never be passed down to their children.

Promoting financial reform in the home buying process means confronting and addressing those escalating interest rates and changing terms due to the fact that the mortgage or loan you have today may not be the same next month, or even next week due to the fact that debt is now defined as a negotiable instrument that can be sold on the open market under different terms and conditions once that loan is "assumed" by another bank or mortgage lender.

Or that your loan may not even be based on the U.S. prime and currency, as many of those in the West and Southwest were but based on the British interbank lending rates or LIBOR.

Talk about risk.

I mean in the Southwest in this boomer's experience, this last cycle was the third simply in my lifetime of the most recent boom and bust cycle.

Home sweet home is not the phrase that comes to mind anymore to the many affected during this last one.

And the lesson was not lost on most of those of their posterity and next generation, I guarantee.

Junk fees, higher and higher utility bills and costs of ownership, escalating and changing mortgage terms and conditions, and a risky investment, not home, at best is the new definition.

Mr. Obama: Competition Will Not Cure What Ails America

The press releases and publicity surrounding Mr. Obama's upcoming State of the Union address on Tuesday have highlighted the thrust of his message to the American people and his response to the defeats the Democrats suffered in the midterm elections.

It is "competition" which will create new jobs, and salvage the piss poor U.S. economy, an economy which has been on a downward spiral for literally decades under both political parties. Gas prices are now inching over $3.00 a gallon once again (in spite of the ever expanding "War on Terror" which continues under the Democrats, costing this country literally billions), and many Americans are now homeless and jobless due to both the mortgage crisis, and outsourcing and insourcing which has gone on and continues in the name of competing in the "global economy."

I have news for Mr. Obama. Competition is not the answer.

In fact, that is what has gotten us into this mess, competing for global dominance, rather than protecting the sovereignty and economy of the good old U.S. of A.

Competing in the global market place has cost this country both its industrial base, and even its own land and resources in the name of "free trade" and simply expanded the stock portfolios and holdings of the few at the cost of the many.

Not exactly what our founders had in mind for this country.

Reinstituting protectionist policies will reverse this trend, and bring America back to the forefront once again. Investing U.S. dollars in our domestically owned businesses and start ups, rather than global corporate conglomerates will bring new jobs to these shores, rather than those of China or India.

China and India can provide their own jobs for their own citizens in developing new industries, rather than piggybacking on the jobs and livelihoods of Americans. And with respect to India, Britain can shoulder their share of building that country's economic future as a former member of the British realm.

Our deficit can be cured rather simply by calling in all our foreign aid debts to all those countries we have supported and funded for over a hundred years, and ending a war that never should have gotten this far to begin with and beginning to secure our own borders from the devastating impact and effects of those open borders on both the property, lives and jobs also of Americans.

Regulating the U.S. banks sufficiently, the ones who create the mortgage meltdown and crisis to begin with in selling loans to U.S. homeowners and home buyers which were not even based on the U.S. currency but the London interbank exchange rates would be a start.

Placing sufficient controls on the Wall Street wheeler dealers who also had a hand in this recession/depression yet whose CEOs salaries have continued to climb also might make a significant impact on placing such salaries and benefits in the hands of those who should have such authority - the shareholders and owners of those global corporate conglomerates, including the small, domestic investors.

And hiring economists whose primary focus are on building up the U.S. economy, and not that of the world's would definitely help.

In short, reestablishing the true Rule of Law in this country once again, our Constitution which was written by Americans for Americans.

Rather than continue on this path that will only lead to the destruction of this country at the hands of foreigners, and foreign governments.

21st Century Health Care in America: Paying More, Getting Less?

With the ongoing challenges which are now being raised in many states throughout the nation regarding the recent passage of the Obama Administration's Health Care Reform Act, this boomer has watched the progression in health care delivery from the 1960's to today, and can truthfully say that while costs have exploded in those four decades, the degree of care for the American public overall has seen better days.

In order to reduce costs for many of the public and private health care clinics and hospitals, more and more Americans are not receiving the care they deserve, but what will reduce the bottom lines for the nationalized corporatized health care system that is predominant across the nation after Nixon's HMO legislation passed in the 60's. Many even public clinics and hospitals are now "owned" through various contracts by "private" corporate entities as they have become privatized, even after their initial building costs and research grants were funded by the American public.

Upon even emergency room visits, more and more patients are being seen initially by not medical doctors or those with advanced diagnostic degrees, but by physician's assistants or other support staff but at costs that far exceed those fees and charges in the past for trained physicians and without the expertise to accurately diagnose complex medical conditions.

Throughout many states, there are even signs posted at many of these emergency clinics and hospitals advising that they are not accepting new Medicare patients. Thus, the future for the boomers and their offspring at this point in America's history has not even begun to be addressed by those in Washington or at the state levels in just why health care costs have risen so out of proportion to the cost of living even though the entire HMO concept and "free market" privatized clinics were sold to the public in order to reduce costs and provide better care when that legislation was proposed back in the 60's.

Instead, it has resulted in numerous trips to several different doctors or providers in order to get accurate diagnosis, or physicians more geared toward treating the symptoms rather than the disease and using medications which many times create even more problems or different health issues in concert due to drug interactions and complications.

Changes are needed, but not the changes that Washington appears to be focused on in merely consulting the "stakeholders" in corporatized medicine. But the American public that is paying a larger share than ever before for their health care costs, both nonemergency and emergency.

How much of the health care dollars now provided by the taxpayers and insurers are now being earmarked for all those ads on television mostly directed toward choosing a hospital for maternity and childbirth needs? Or elective procedures?

Or advertising their facilities and services for non-English speaking patients for all those federal and state grant monies in providing care for non-citizens at the general public's ultimate expense? Or the increased costs in those ten to twenty page bills passed on to the public for those highly paid lobbyists at the state capitols and Washington?

It appears to this boomer in the end, the Health Care Reform Act is more similar to the mandatory auto insurance laws throughout the nation, with the same mindset and ultimate costs in increased taxation for all in passing on governmental functions, such as the settlement of property claims, or life and death issues to the financial sector, banks and insurers who will be more concerned with THEIR bottom lines and business needs, rather than quality of care.

I mean, unlike mandatory auto insurance, an unpaid or disallowed claim has a greater likelihood and much higher percentage of eventually ending in death or bankruptcy rather than a fender bender so the analogy used in order to include that "mandatory" provision left much out in regulating both those costs, and the provision and most likely will also then, as with the insurance laws, end up again costing the taxpaying public more in providing all the courts that will be needed in order to address those "breach of contract" or "wrongful death" actions.

Progress in this area, as with it appears so many others in the new millineum to many Americans, just may come at a much greater cost than even in those Nixon years.

And it appears to this boomer that the great Health Care Reform Act just may become the precursor to the Great Health Care AND Bank bailout of 2025 or sooner, when this patient dies.

Madoff Suicide Highlights U.S. Criminal Justice System Gone Awry

The recent headlined news story of the apparent suicide of Mark Madoff, the son of Wall Street wheeler dealer Bernie Madoff who is now serving a 150 year prison term in North Carolina for securities fraud, serves to remind many Americans of a U.S. criminal justice system gone astray.

A tragedy, and one in which the media and government most likely had a hand in this young man's fall, although the complete details and coroner's report has yet to be revealed.

Mr. Madoff senior bilked thousands of investors in his Ponzie scheme of a great deal of their wealth, from all reports, and was the mastermind of the scam and whose actions and activities were actually reported to authorities by his very own sons, although little has been revealed insofar as whether there was pressure also exerted on them to so do from governmental sources prior to his arrest.

Mark Madoff, from all reports, profited from his father's schemes, and was thus also then in the end targeted for investigation even after having been instrumental in his father's conviction.

The comments on most of the websites by the public have not been sympathetic, to say the least.

Which just goes to prove just how many in this country have truly lost their way in their understanding of the intent of our founders with respect to crimes such as these, which although heinous for the absolute thievery which occurred has not been adjudicated according to the "common law" provisions behind our criminal justice system in "letting the punishment fit the crimes," and in the government acting on behalf of the victims and not its self-serving ends since the punishments in so many crimes at both the criminal and civil levels are now statutory determined, rather than determined by juries of American citizen's peers.

The Madoff's, and all who profited from such schemes in this writer's view should have been henceforth precluded from ever serving in any fiduciary capacity with respect to other people's money from this day forward, and the spoils of their crimes seized and redistributed with interest to the victims of their greed and avarice.

Not the taxpayers having to now pay to jail and house Mr. Madoff in federal prison, and his son then "investigated" for the past several years, rather than concentrating on the crime itself and its victims and all parties' right to justice in a criminal fraud action, although by its very nature investing in Wall Street or the stock market clearly are risky ventures at best due to its "global" focus and composition again contrary to the intent of those founders for a "sovereign" U.S. economy.

Justice would mean recompense and precluding the perpetrators from ever being placed in such a position of trust and temptation ever again - since by their own actions proved through the "evidence" that their positions of trust were criminally abused.

Having to seek work in this now depressed U.S. economy in other fields of endeavor outside the financial sector, and losing all that they have gained at the expense of others with punitive damages added due to the nature of their crimes would have been the "legal" and "lawful" punishment called for.

Not years and years of "investigation," and subsequent media hounding - or innuendo without due process.

It was reported that Mark Madoff was found dead with his two year old child and his dog in the home where his body was discovered, with his true guilt or innocense still left undetermined although purportedly was still living a rather lavish lifestyle as a former employee of one of his father's commercial ventures, with authorities alerted by his wife who lived in another state and who had petitioned the court for a change of name for she and their son due to the continued ramifications of the crimes committed by Mark Madoff's father.

The press has been unforgiving. And the American public, most of whom were not even directly impacted by the senior Madoff's activities, just as unforgiving and brutal, although fundamentally all Americans have been impacted by the loosey goosey federal government's oversight of the Wall Street banks, bankers and profiteers.

Which governmental policies and practices in sufficient oversight of these Wall Street profiteers have remained for the most part unchanged fundamentally even since Bernie Madoff's arrest, and conviction.

Wake up, Washington. A two year old has just lost his father, and there is another Bernie Madoff trading his grandchild's future for a yacht.

Or just maybe, eventually, THIS grandchild might.

Tinkerbell, Fairy Dust and The American Economy

It was announced with great fanfare by economists in Washington today that the "Great Recession" beginning in 2007 was over officially in June, 2009.

Say, what?

Apparently, in a townhall style meeting held by Mr. Obama later the American public just isn't buying it.

Those economists are failing to disclose, it appears, just which economy they are speaking of. The American economy, or the global one?

Could it be that the global economy has recovered, at the cost of the American economy which still is in a freefall, from the looks of those lining up still at the unemployment offices, and social service agencies.

I still am scratching my head, since the American economy began its freefall in 2006, back when the mortgage crisis began and the bubble burst in the West, Southwest, and other parts of the country, and that was in June, 2006.

I should know since I was one of those affected whose "creative" refinanced loan based on British LIBOR interest rates was scheduled to readjust (and for which hefty closing costs on that loan in which I was forced to take out due to escalating costs of ownership during the bubble), and who then watched the value of my home decrease then by the week it seemed while I was attempting to then sell it.

I was luckier than many, although the true circumstances under which I "lost" my home were egregiously assisted by state and federal banking and governmental friendly property statutes that had fundamentally changed even the terms of my ownership since I purchased my small townhouse back in 1994, and a court action then that upheld "the state" and its special interests groups over my property ownership rights in a house I had lived in for over 12 years.

I don't think that GM plant in Detroit has reopened, or am I missing something?

And the new jobs created in Louisiana appear to be coastline cleanup jobs, most held by the former fishermen and shrimpers from that region post Katrina, Gustav and Deepwater.

A member of the Wall Street linebackers attended the townhall, bemoaning the beating the bankers took (although if my memory serves, many of them were soaking up the rays in California with pina coladas with their executive bonuses, weren't they, when this all began?)

Seems that the housing market hasn't rallied, but then the terms under those loans that are now being offered for refinances haven't really changed much at all, simply a half percent or so drop in those lending rates. And fixed rates still, unless credit reports are in the 700's, are rare and hard to obtain.

It is those usurous loans which are now the bread and butter of the banking industry, and apparently Americans still are having a hard time justifying buying even a "cheap" home that they may in turn lose during the next housing meltdown within the next decade or two, since this cycle harkens back to the 70's 80' and even 90's in its scope, although affecting many, many more due to the amount of those loans which were marketed to the public by both East and West coast banking houses.

Foreclosure contracts at the get go, and how many now since so many thousands have been affected can, due to their lack of jobs, savings or bad credit, even qualify for those "interest only," cheap deals, or would have the means or inclination to put much "sweat equity" into those purchases?

Between those affected in both the 90's and this cycle, that removes quite a few Americans from ever having another shot at the American dream.

The jobs which have been created appear to be mostly directed toward those tech, science based jobs, or construction due to all these "disasters" that keep occurring on top of the piss poor economy and many of those jobs are going to foreigners at any rate due to all the insourcing and outsourcing.

So I guess my question is, who's writing these economic reports?

The author of Peter Pan, James Barrie?

Or are these reports actually bi-partisan efforts, since it seems that the only "change" that has occurred since the last election cycle, is simply a change of the face behind the podium, and the supporting players from the blue team now in this global economic rebalancing act.

Or is Robin Hood also a major player here too?

Taking from the poor Americans on balance, and redistributing their wealth, or whatever is now left of it from the formerly middle class private sector minions, globally?

If those dates are correct, must be another new invention of science-based technology.

The Tinkerbell calender.

Buffett Befriends Bankers At Berkshire Soiree

In a published article from the Omaha World Herald, it appears that the major focus of the Berkshire Hathaway stockholders soiree concluded yesterday was a 30 minute keynote speech made by Warren Buffet speaking in defense of Wall Street bankers, Goldman Sachs.

Although Berkshire reportedly has several billion dollars invested in Goldman, Mr. Buffett was there to reassure his flock that he isn't "wasting away in Margaritaville" as that other Buffett over the Congressional hearings conducted this week in which several election vulnerable senators publicly chastized the Wall Street giant for its investment practices.

At issue, of course, was the nondisclosure of the parties to some of the contracts with investors which were based on "junk," to put it mildly, insofar as the degree of risk - and in which the issuing major client had also "hedged" their bets by investing in derivatives banking on the failure of the original investments.

Which, apparently, Mr. Buffett sees no ethical or conflict of interest complications in Goldman then "contracting" with other noninterested investor-clients without disclosure of the true degree of risk, and which essentially has so fundamentally affected this country's citizens trust in the banks, Wall Street, and even home "ownership," since it has been the American public holding the bag for Goldman's free and easy investment style and losses, using American's homes as the collateral.

I'm no gambler, but it does seem that in betting that these investments would "crap out," Goldman had knowledge that the issuing investor for those investments was using loaded dice.

Since apparently most of those which were directly affected and scammed were European banks which "should have known better," according to Mr. Buffett, Berkshire doesn't plan to make any changes in its close partnership with Goldman.

Which may be true for those investors, but there were others indirectly affected, many of them now homeless.

One top executive even seemed to take to task the outraged American public, indicating that there was a misconception that Goldman's actions cheated ordinary Americans, but in his opinion, they hadn't cheated anyone.

Left unsaid, however, were the number of American homeowners who were indirectly affected, and which is continuing especially in the West and Southwest, while most of those U.S. banks which were selling those "bad loans" seem to be more concerned also with their bottom lines and under pressure from Washington to satisfy those foreign investors by either renegotiating short term adjusted terms, or foreclosing - whichever is more beneficial to everyone but those homeowners.

In fact, Obama's focus has been since this mess began in pushing Americans to refinance their homes, into some of these creative loans which have not changed, it appears, since the same individuals which sold those loans have been given Washington's blessing to sort out the mess and "counsel" some of those scammed homeowners.

And left out in all of this is the fact that a great many of those loans were also underwritten by Fannie Mae and Freddie Mac - many of which also were not even based on the U.S. currency, but British LIBOR rate - a currency almost one and a half that of the U.S. when most of those loans were pushed.

I mean, how CAN U.S. banks be pushing and selling loans that are not even based on the U.S. currency, I ask?

So connecting the dots in the true fallout seems not to factor into Berkshire itself's bottom lines, so thus inconsequential.

Mr. Buffett is known in this country by the investment community as the "Oracle of Omaha," however, it seems to me this partnership with Goldman Sachs really is a no brainer insofar as profit for Berkshire, and profit for Goldman Sachs.

It's a win-win partnership no matter which way the dice roll, since Goldman has now been designated as one of those investment houses that was determined by Washington to be "too big to fail."

Although, according to reports also, Goldman actually is a major shareholder in our own Federal Reserve - in other words, how could Goldman fail when it is a major shareholder in the entity that prints and regulates the U.S. currency and interest rates for loans extended by their branch banks?

And Berkshire is, after all, heavily invested also in the insurance industry, and not purely Goldman Sachs preferred partner.

Although, if one of your investments is with a company that issues the money for an entire nation, with the U.S. government itself merely minor shareholders without any true "voting" authority over day to day operations, just how can you lose?

It appears that the scene in Omaha was a rather festive one, given the crumbling housing market, and over 10% unemployment in most areas of the country.

I wonder if Mr. Buffett has been to Phoenix, L.A. or Las Vegas lately?

I mean, outside the casinos.

http://www.omaha.com/article/20100501/MONEY/305019931#buffett-reassures-the-faithful

Goldman Sachs Passion Play Misses The True Crime

While the entire even minimally politically aware citizenry of the United States is on overdrive due to the far-reaching events of this past week with respect to the war zone conditions that are more than apparent in the border states and particularly Arizona over the illegal immigration situation, with those on the East Coast per a Saturday Night Live News segment slamming the state, while being totally ignorant of what actually led to the actions taken by the state government to begin with, there has been more afoot on the Eastern Seaboard.

Such is the insulation in this country, and lack of a national identity at this point that those not directly affected by the porous southern borders and drug cartels doing business cross borders almost unimpeded for the past thirty years, have once again attempted to minimize the impact on those victims, rather than putting pressure on the federal government to actually do their jobs and get our southern borders secured FOR ALL.

This week, however, another drama is being played out in the media which also majorly impacted those living mostly in the West and Southwest and Sunbelt states (the states with the continuing foreclosures, which are increasing by the month) and that is the hearings being conducted over the Goldman Sachs securities fraud.

Little connection, however, or reporting has been forthcoming insofar as just who were the actual true victims in the Goldman Sachs fiasco.

And it was not primarily the investors of those CDOs which were pawned off on them by Goldman Sachs knowing full well that those collateralized loans were junk, and that one of their major clients was hedging their bets though derivatives in the process.

After all, Goldman Sachs is the Cadillac of investment houses and most of their clients are not neophytes but savy investors, or at least minimally aware of risk when making some of those investments.

I mean, these investors were playing the market, after all.

In fact, there are quite a number of Goldman Sachs investors who, I'm sure, invest for the tax writeoffs they receive for losses on some of those investments.

Although mere disclosures also of the risks for most of these investments is clearly inadequate for many, due to the legalese with which most prospectuses and other investment documents are written to begin with.

And selling your investors down the river for a favored investment client firm is not good business practice, nor is it legal in the sense the founders intended irrespective as to whether or not there are codified laws allowing mere disclosure as a protection for these huge Wall Street banking firms in order to mitigated their potential losses since Wall Street is pretty much left alone by the SEC and Congress more and more while the investment grades and risks are becoming greater and greater, for the average American individual investor, that is.

In fact, I would simply state that Goldman Sachs had a huge ethical problem, and conflict of interest actually, in order to win favor with one client at the cost of so many others and can not understand for the life of me just how that would not have been in violation of at least several SEC or United States Code provisions.

But the true victims actually are the American homeowners mostly in the West and Southwest who were sold most of those bad loans which Goldman Sachs has admitted full well knew were bad while they were unloading them.

People who were first time homebuyers, or who were forced into refinances in those states due to the rising costs of ownership during that very short boom cycle, many of whom also were owners of homes during a similar scenario involving Charles Keating in the 1980's - who was selling risky investments to elderly retirees in also the West and Southwest and who ended up losing their homes and everything they had when Lincoln Savings & Loan went bust.

Many of these risky and bad CDO's were also guaranteed by Freddie Mac and Fannie Mae.

We all know what happened then since it is and has been the American people who are also bailing out those two entities, all for Goldman Sachs' investors, since the homeowners whose loans were involved and their interests are far down the list and in which at this point for many actually have no underlying debt, as it were, since they were resold.

AND the American people were billed for cash advanced literally in the millions directly to Goldman Sachs (a part owner of our own Federal Reserve actually, according to several reports), so actually it appears Goldman Sachs was using Congress to write themselves their own checks, while billing then those costs to the American public at large on their investors behalf.

And yet it is and was the American homeowners who are still being threatened by these banks and lenders in bed with thsoe Wall Street wheeler dealers and Washington, and few have been able to refinance under more favorable terms since Congress has yet to address the actual terms of those bogus contracts to begin with.

In fact, most of Congress and Obama's attentions have been in attempting to hawk refinances instead to get more and more Americans, it appears, into some of those bogus loans in order to use to pay back some of these investors, apparently.

Or for those "new" jobs created in the mortgage industry of now "mortgage counselors" to settle those debts with those investors by renegotiating the terms of those loans as the middle man with those homeowners, weighing the cost/benefit against foreclosing on the property and reselling it as to which would get those investors and those banks affiliated with Freddie Mac and Fannie Mae more.

Many of those loans, of course, were sold through California lenders which were not even based on the U.S. currency, but on the British LIBOR rates.

In the banking industry, the connections between New York and Wall Street and California and those mortgage bankers is strong.

After this week's bust and play acting by the Senate with respect to any true financial sector/Wall Street reform, I'm wondering when those in Washington will get around to addressing the fallout to the true victims of this passion play.

The American people, and mostly those American homeowners in the West and Southwest which New York and its brash comedians maligned in a roundabout way once again last Saturday night.

Watch Washington give Goldman Sachs a lengthy tongue lashing, as what occurred today by selected Senators needing some face time with the media for the upcoming elections, and then purportedly levy a heavy fine.

While the true victims continue to lose their homes, jobs and even lives in the West and Southwest due to Washington's continued political maneuvering protecting the bankers and appeasing the foreigners while raping the citizenry.

IDOL Gives Back? Hardly!

Although I rarely watch a great deal of television anymore for varying reasons, especially any of the stations that are included with those cable subscriptions, this evening while I was working researching and editing some of my recent work as a basically unemployed freelance photographer I turned on the television and caught some of the "Idol Gives Back" program from Fox.

After only a few short minutes, I was astounded at the title for this particular segment of this program, since during the entire program there was a message flashing the number in which credit card payments in order to donate followed each and every performance of those Hollywood and a great many British transplant celebrities who were involved in this undertaking.

There was even a brief announcement by Ryan Seacrest that there was a special number in which the audience could make $10.00 donations, although the usual text messaging rates would apply, with a maximum number of calls to this particular number restricted to three.

It appears this had nothing to do with "American Idol Gives Back" but merely a telethon to the public requesting donations, and a forum in which various celebrities could also get a gig, while using the kids who were hungry for stardom as their stimulus.

I stopped watching this show many, many years ago when the Coke glasses, the text messaging and Ford automobile ads seem to be the primary focus, and the kids which were involved in this talent show merely props.

In fact, during this travesty of a plea for public donations for Hollywood's or Fox's latest causes, Alicia Keyes was the "featured" guest, and did one of her numbers which was stylized for this particular venue which featured a song in which the basic lyrics had to do with doing the "unmentionable" as an "inspiration" to the mostly pre-pubescent audience as somehow being an inspiration to donating to fight hunger and poverty.

And then went on to extol New York, site of Wall Street and many of those corporate offices of those financial institutions in which those credit card donations with the profits on those fees for Wall Street would benefit most of all for all those donations.

What was also interesting is that a great many of the performances also seemed to be aimed at the baby boomer and Gen-X parents of those kids watching in recycling Elton John's "Your Song," and also "Stairway to Heaven," as if these songs actually had, at their inception, anything at all to do with the focus of this massive telethon, at a time when most of those in which this plea was intended to reach, are those that have been majorly impacted by the U.S. recession/depression.

These "celebrities" from the U.S. and Great Britain, it appears haven't a clue.

And interesting that those pleas for donations also highlighted credit card payments, since California was and is the state in which a great many of those loans which have resulted in the foreclosures now sweeping the country were sold by Indy Mac Bank, Countrywide and Bank of America, using California's Silicon Valley telecom industry in order to make those pleas.

This program has seen better days, and milking the public at a time when this country is facing it's largest recession ever on behalf of the U.N. and its globalism agendas which have also had a major impact in their focus of world socialsm which has progressively negatively impacted the American people most of all, seemed almost too much to believe, and can understand why this program is now facing declining ratings.

Especially since the audience for this show actually tends to be those which are still dependents, and using them in order to reach their parents wallets utterly incredible.

Most of the featured spots, of course, used young children and babies as the focus for these various causes and groups, in which many of these "non-profits" also receive federal taxapayer grant monies in some form or another, I wouldn't hesitate to guess.

AIDS and literacy were the primary focuses, and it was reported by Elton John that AIDS is spreading in this country, who recommended all viewers to get tested of which about 50% of them at least were young, prepubescent girls it appeared.

And as one who also is familiar with AIDS and its progression since its inception in this country, interesting in that if we had instituted quarantines prior to immigrations or long term visits to this country when this outbreak first occurred as was done for any number of other diseases in prior generations with the limited ports of entry for immigration and international travel, or stopped facilitating agressive, rather than defensive wars, taking in literally thousands of refugees from impoverished areas and countries also progressively since Viet Nam, maybe the spread of AIDS in this country wouldn't be climbing, rather than reducing.

Randy Jackson played guitar for one of the numbers, and was quoted as stating that the U.S. was "one of the richest countries in the world."

I guess he is unaware of the increasing federal deficit, and just why so many of those in which this program directed it's pleas, at least in this country, are in the circumstances in which they now find themselves.

And Washington, New York and Wall Street,California, the British alliance since World War II and U.N's "foreign" agendas are a major part of it.

The Mortgage/Foreclosure Rescue Is No Rescue

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.

Global Economy On Rebound: U.S. The Losers

In today's online editions of several mainstream news organizations and internet news sources, the top story was that economists are stating that the final quarter figures for 2009 shows that the economy is getting stronger, and that it does appear it is on the rebound.

And are predicting an even greater and brigher future for 2010.

Apparently, "accuracy in news" hasn't reached the AP yet, since the only economy which it appears is growing is on Wall Street, not Main Street America. In fact, there still is one foreclosure every 13 seconds still occurring, and the jobless rate has worsened with many more laid off or underemployed Americans.

The U.S. Department of Labor figures, remember, only count those that are collecting unemployment. Not those whose benefits have run out, the self-employed, or those now that are underemployed and waiting tables or behind retail counters after their jobs were outsourced under some of those great government bailouts.

And it appears all those vacant homes in the West and Southwest are being made ready for the Canadian retirees, possible "new" Americans due to another amnesty bill that is waiting in the wings, and 26,000 Iraqi refugees which will be resettled in this country. Of course, after clearly invading it rather unlawfully to begin with.

So the Wall Street financiers and banks can collect all those junk fees once again on those "new" loans and the fine print that many of these foreign immigrants won't be able to read.

Isn't "globalism" great, America? You homes and jobs are being outsourced and insourced in order that the global, mostly New York based economists can put a star next to their economic indicators.

Of course, the caveat is that this rebound will only continue so long as Americans continue to go into debt and spend. Sort of like Washington. Encouraging Americans to become indebted to the bankers, is like our debt now to China while still writing checks to every other foreign government that comes down the pike.

And interesting this "forecast" would come the month of Christmas, when of course spending is up due to the holiday itself - and Americans do have a hard time explaining to their kids that Santa just won't be able to make it this year, especially when they have that piece of plastic at 13-21% interest that just came in the mail as the bankers "stimulus."

The link:

http://enews.earthlink.net/article/top?guid=20091222/1ec14c40-fb65-459f-9524-ac6fca50d9b9

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.

The Corporate Globalization of America: G8 Now Morphed Into G20

In all the media spins that have occurred also this past week with respect to the recent Pittsburgh meeting of the global movers and shakers of the "global economy" in which Mr. Obama was a willing participant and leader of the host country, little has been said about the actual reasons for much of the protestors disputes with this additional Constitutional violation for what it actually is.

Treason upon the U.S. Constitution in "globalizing" and merging our economy with that of the rest of the world to begin with, facilitated by Washington and its economic alliances outside of purely trade agreements that such meetings as this represent.

And during this economic meltdown of the U.S. economy which is being facilitated in order to pump up the economies of the European and Far Eastern countries, just goes to show how little true leadership we now have in Washington as represenatives of the people of this great nation and our intended form of government.

Since the meeting itself could only be likened to a "global" Board of Directors meeting for World, Inc.

Much spin also occurred with respect to rougue protestors and the damage that was suffered by local area businesses during the protests. Many of which, since they were miles from the actual site of the meeeting itself would be suspect insofar as whether these were G20 protestors at all, or rather "professional" protestors meant to also propagandize the dissatisfaction in this country of the true Americans who are becoming increasing outraged at the impact that such Constittuional violations as this meeting itself represent.

And Mr. Obama clearly demonstrates once again his agendas as one in which the American people are more an afterthought than the foreign and global interests of his corporate backers and Wall Street executives who were responsible for "globalizing" our economy to begin with, using Washington also as a joint venture partner in this arrangement again both our Constitution and the form of government the founders created as a sovereign country whose interests, both economically and politically, were never meant to be merged with that of other nations.

In fact, that was the true root and genesis of that original revolutionary war to begin with. To break free of European and global dominance and control of this country and its people.

Not ingratiate this country and subject its economy to ruination in order to bulk up the economies and assets of foreigners.

And in light of what is occuring in this nation at the present time and the number of Americans who have now been victimized by this agenda, Mr. Obama's ignorance of the plight of the Americans who he has continually pleaded with to sacrifice for the "greater good," of U.S.A., Inc. is getting more and more outrageous with each and every "act of Office," in not even rescheduling this blatantly treasonous meeting to some other host country to begin with.

Not as a self-appointed, apparently, Chairman of the Board for this meeting as the leader of the "host" country. And by no means serving in such capacity, a "representative" of the people of this nation by but more as he has personally stated, his primary focus as a "citizen of the world," which was declared soon after his assumption of office.

And the world's approval, apparently, more fundamentally important than that of those who are both paying his salary, and to whom his true duties and loyalties lie - not the "corporate" interests of the globalists, either individually or "corporately."

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?

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

National Association of Realtors: More Spins on The Housing Crisis

During the last week there has been a great deal of reporting on internet sources that the mortgage crisis and home foreclosure situation is looking up, and that there has been an increase in sales for the third straight month of homes sold throughout the nation.

And just where are those figures coming from?

No surprise, the National Association of Realtors who just might have an ulterior motive in spinning or inflating the numbers due to the market conditions at the present time, and number of jobless and homeless now which has swept the nation since the manipulated "mortgage" crisis and bank bailouts which just so happened to occur during the last presidential election cycle.

In fact, the June 19-21 headline of USA Today also said it all: "Foreclosures Heading Through The Roof."

More Americans are lining up at the soup kitchen, than at the realtors offices, since the homeless now and jobless stats are really off the charts and not this high since the last great depression, also manipulated by the European owned Federal Reserve, branch bankers and Washington.

As far as my personal knowledge and reports from my former home state of Arizona, one of the states hardest hit due to the boom and bust cycle and the many retirees on fixed incomes that also were hard pressed to come up with increasing property taxes and insurance which contributed to some of what is occurring also left out by the media, and those predatory "interest only" and other "creative" loans sold mostly by regional and national California domiciled banks.

Although the State of California doesn't share the entire blame for the now mostly Western and Southwestern home situation, since most of those loans were also underwritten with extra "propert stripping riders and provisos over and above the actual loan documents themselves by the governmentally created Freddie Mac and Fannie Mae. How Freddie Mac and Fannie Mae could have been "bankrupt" at all due to some of those usurous loans and terms really is quite inconceivable as one who was forced into such a refinance position and had to refinance a home in 2004 can attest.

It would appear this claimed increase in sales and "recovery" appears to be wishful thinking.

In Arizona, California, Michigan, Nevada and Florida due to also progressive overbuilding in those states for literally decades, and now thousands unable to qualify for fixed rate low interest loans with black marks on their credit records at this point, it will take literally decades - if ever - for the housing market to stabilize, from this 45 year Arizona resident.

In those western border states now in particular, due to the open borders situation and escalating drug war violence which I'm sure that also has affected the marketability of those houses significantly, since who wants to live in a state in which there is a foreign invasion and civil wars now going on due to federal negligence in "providing for the common defense," its actual primary function. Instead of now attempting to "reform" the health care industry according to a "business" model ala Soylent Green and Adolph Hitler on cost/benefit actuary "business" modes and standards.

Plus the fact that few now in this country trust the banking industry now in general. Nor are willing to go into those sliding scale and interest only loans that they are still marketing, some of which are not even based on the U.S. prime interest rate, but the European market.

Nothing essentially has changed which lead to this catastrophe to begin with. And most in the World War II, boomer generation or younger have moral difficulties paying "usurous" sums in order to purchase a home, a home which is now in many areas of the country due to the loan terms and assundry restrictive "use" restrictions and additional costs and provisions, and associated junk fees and charges tacked on for those purchases, nothing more than a foreclosure contract to begin with.

So...nice try, realtors. Since a great many of you also pushed and marketed to many of those retirees and others more home than they really could afford in order to get higher commissions also in the process, the trust in your "industry" also now is about zilch.

Especially those of us who lost ours, and who have made sure we speak the truth, rather than the spins, on just what lead to this, and the commercial and banking interests that were truly responsible - of course, along with the criminal element now residing on Capitol Hill and in our state legislatures who have been in collusion with the corporate interests and their primary "special interest" campaign backers for literally decades.

And the National Association of Realtors is high up on that list also.

Along, of course, with the bankers and their minions - the foreclosure lawyers and scam artists and their breathren in federal and state government.