The Real reason The Economy COULD Improve More But Isn’t

Employment incentive keeps focus on going back to building, selling homes and home loans. It is like picking up a penny instead of a pound. Jobs were lost because while Bush was in office the economy went into a nose dive and his administration decided to kick the problem down to the next administration. Obama could and should have done more to understand the real issues and instead was briefed by the thieves who stole our economy.
Foreclosure, like women’s reproductive rights seems off limits in the debates.
We went into what easily could have been worse than the great depression because this one was purely man-made and controlled by those who profited on the way up but also made windfall profits on the way down. As the economy choked Wall Street kept it underwater, which is where most houses are right now. And they won’t let go as we pass out from the pressure around our necks.
The banks are getting a windfall with every foreclosure that is still not recognized by most people. But I can tell you that those who have followed my strongly worded suggestions to follow the money first, and forget the documents are finding out things like the mortgage was sold multiple times — not in a chain — but more like a wheel with spokes leading out from a common hub.
Through deny and discover pleading and practice they are discovering that the hub of the wheel is not the originator of the loan, that the wrong payee was on the note and mortgage, and that there does not appear to be any loan receivable ANYWHERE unless you stretch the meaning beyond one who has given or purchased a loan.
The spokes of the wheel are the sales of the loan by the originator whom we already know never had any right to claim itself a creditor in the original transaction, and then more wheels with spokes emerged as new hubs of claims sold multiple spokes of the same wheel as aggregators.
This was followed by yet newer hubs of claims sold multiple spokes of the same wheel by calling the loan part of a mortgage backed security — an assertion that has clearly been debunked in most circles on most mortgage backed bonds. Those bonds were issued by REMICs whose existence was ignored by the very underwriters who created them. The REMIC “trusts” were empty shells that were never funded with money or assets but issued bonds to investors who gave their money to the underwriting bank.
The investors are the other end of the spoke and wheel. Upon discovery of this house of cards (where many of the cards were missing) the country, indeed the world went into recession. The anemic growth and recovery from the recession is traceable to common factors like failure to educate the next generation properly, thus depriving new companies with workers whose knowledge and training could not match up to the available jobs. So a recession from macro-economic factors was virtually unavoidable.
But what triggered THIS recession and made it so DEEP was the intentional, collective acts of Wall Street that caused it and their unrelenting pressure to maintain the recession’s effects until they have squeezed the last ill-gotten dollar from it. And THAT is why our economy can only squeeze out a modicum of growth. If we didn’t protect the TBTF banks and let market forces have their way, those banks would fail, dozens of new banks would emerge, lending would resume and the Foreclosures would stop and might even be reversed — a stimulus package of ten times the stimulus of 2009.
Our economy eked out some growth despite the continued downward pressure from Wall Street which is still collecting on bets it made that the pools of loans would turn bad. Unemployment is improving despite Wall Street’s unrelenting pressure to keep housing down in the dumps after they successfully broke the back of housing, pensions, borrowers, insurers, and the U.S. Taxpayer. Housing starts are showing signs of life despite the glut of empty homes, many of which were bull-dozed by cities blighted by entirely empty neighborhoods.

But ultimately we are at best barely going to get our nose above water as we tread water beneath the enormous weight of the greatest economic crime in history.

The real reason the US economy is starting to improve
http://qz.com/16326/the-real-reason-the-us-economy-is-starting-to-improve/

 

49 Responses

  1. And a wooden stake! lOTS OF PRAYER AMEN!

  2. What really may be needed to end this entire scam is a Bible, a cross & some holy water……

  3. I said the judge is being fooled but that is not really correct. The court is being fooled, and the borrower, The judge has no choice but to default the homeowner or borrower and grant the money to the debt collector if the borrower does not object and deni it as uncollectabel alleged debt. Just like the homeowners that state they owe the debt/mortgage to the fraud closer when they did not. Gives the judge no option but to judge against the fool that thought they legally owed the debt to the junk debt collector. The borrower knows they owed it to some one. They dont know the junk debt collector is not the one they owe it to. Just like the borrower/homeowner does not know they dont owe the money to the debt fraudcloser. I had paid of a lease on a tanning bed that I paid $45, 000.00 in full including tax and interest and bought out right for a thousand extra at the end of the lease. The company sold it as a junk debt to another junk debt collector when it was paid in full. Not charged off. I had to prove all the payments and the contract and the history of paying off the buy out also. This happened five years after I paid it off. After that experience I paid cash by direct wire before I would purchase a bed. in the days the financial crisis had not hit. They come after you even if you are paid in full. Never destroy records not even seven year old records. These banks and their debt collector divisions have been sharks in this business for centuries. This is not new, just out of hand with millions instead of the poor and vulneralbe that had not discovered the crime against them. When you know you have been swindled and the issue is not your fault you start lookilng for anwers. These scoundrals have been getting away with this since the days of Ceasar. I won the battle on the tanning bed. Only because I had the paper trail.

  4. Carie,when a loan is unsecured and broken title unsecures the note from the mortgage [look up the state statutes of limitations on secured and unsecured debt]….and then charged off, a charged off debt is uncollectable debt. When a debt collector attempts to go after charged off debt, taking it to court, and if the borrow does not object and deni it they will default and legally owe the debt, is the only way the debt collectors can collectit is the way i see this. If the borrower tells the judge or court this is charged off unollectable debt, the judge throws it out( unless it is a house and that is a wrong of a biased judge). Or the debt collector just fools the borrow into thinking they owe it to the debt collector and they pay it. it is a fools game the debt collectors use to fool the court and the borrower into paying a debt to someone who had no right to collect it. So if charged off like you say, this should apply? This is being asked as a question and not legal advice.

  5. We are a lot broker than we were four years ago but, hopefully we are a lot wiser…!

  6. We have to have faith Shelley….we have come a long way from where we were 4 years ago. I believe there is a reason for that..

  7. I believe your grandmother is correct! You talk about faith. Doe voting out of fear for a known crook display faith? Or am I just that crazy to think a miracle may happen?.

  8. I don’t think enough third party support is out there Shelley….Obama would win by splitting the ticket….God forbid….! Something occurred to me, a phrase my Grandma used to use….she never swore but she would call people dirty B’s….I swear that woman was psychic. She used to tell me I think the world is coming to an end. I think it’s their world that is coming to an end. God will see to that. We have to have faith.

  9. I am so shocked by how many people tell me Obama is the one to vote for. Turns me dizzy. Romney is the better of two evils but still a beast.
    We need to all write in Ron Paul.

  10. Question from @iwantmynvp:

    “…Carie, please explain how I the borrower bought a junk bond? How did they sell me anything and how did I pay? If I did buy a junk bond, as the borrower, please tell me where my quarterly dividend is, and how much cash I provided. Is the GSE defaulted loan paying me the dividend?”

    ANSWER:

    “…First, borrowers did not buy junk bonds. The bonds are junk because they were derived from JUNK loans. That is, loans already charged-off by the GSEs. (there is concrete proof of this). Subprime refinances were not valid mortgages – they were mods of classified default/non-compliant debt, which is why the subprime “bonds” were junk. Borrowers are only considered as in default with GSEs, not the servicer and/or “investor,” because the servicer advanced payment to GSE and refinanced the GSE default loan (the JUNK).

    Agree that hedge funds were not duped. Anyone who actually read the prospectus to the subprime REMICs would understand that the “loans” being securitized were high risk with highly questionable compliance. Hedge funds are considered sophisticated investors – it is not good enough to say you did not read the prospectus.

    Further, the mezzanine tranches to the subprime trusts were sold FIRST to the hedge funds.

    These mezzanine tranches provided the credit enhancement to the higher tranches, which the banks retained themselves. By the nature of the structure of the REMIC itself, the mezzanine tranches were considered high risk. It is through these tranches that the collection rights are swapped out of the trusts.

    Thus, since the mezzanine tranches required little capital for investment, these tranches provided the hedge funds, and other distressed debt buyers, to make a nice profit by acquiring collection rights, dirt cheap, for a property they counted on eventually acquiring.

    Hedge funds are not stupid, they know a bargain when they see one. ..”

    “COLLECTION RIGHTS” DISGUISED AS REAL, FUNDED MORTGAGE “LOANS” IS WHAT CRASHED THE ECONOMY.

    The candidates want it all to just go away and be covered up…

  11. CROOKS WILL LOVE THIS DEVICE TO ROB AND RUN! All we need is inventions to be robbed! Wonder when the movie comes out called ” It is Crickets World”. We should live and learn by It is a Bugs World”. They need us we dont need them!

    persistent trade surpluses.

    The product that seemed to draw the biggest crowds at the Canton Fair was one of potentially dubious legality. It was the “stealth license plate,” a remote-controlled electric frame for car license plates that can slide a black cover over the plate in two seconds to prevent the plate from being identified by automatic cameras at toll plazas or police speed traps.

    Two lights in a plug-in dashboard display indicate whether the front and rear license plates are visible.

    A saleswoman for the company, ZheJiang HongXu Industrial in Yongkang City, China, said that the devices could not be sold in China but were being exported to the United States, Russia and Kazakhstan.

  12. Shelley… secret agent maybe…..? maybe the real evil is yet to come….? he could be the precursor ……a patsy……but I think that was Bush……OBAMACARE has not been officially instituted yet….who ever ushers in the mark of the beast is supposed to be the antichrist…….his parents were reportedly atheist communists. No way to verify anything with him…..no one really knows where he came from…that is supposed to be a sign…and a great deceiver of mankind…I see that sign too….I’m not voting for him because to this day….I still don’t know who he is or where he came from….it can’t be verified. I don’t trust him..I read he would be born of b….. not sure who b is…..but I have my suspicions its something diabolical …

  13. IF HE ISNT HE IS WORKING DIRECTLY WITH HIM!

  14. Shelley……I believe he is the antichrist …… he does all of his evil work from behind the scenes. He is a fraud……an imposter.

  15. They are paying the property taxes for themselves because they claim they own the place. Which they don’t …….that is the arrogance of the beast……. I will not accept their mark and the law says they insist they own the place so they must pay property tax while there is a dispute bought by them…..So let these arrogant greedy jerks prove they own the place, which they can’t …. and be forced to pay the taxes…..they declared a baseless war on me & my family so they should suffer the consequences of their baseless, unfounded, insufficient in law, felonious, warring actions….or withdraw their complaint….and send me my satisfaction of mortgage….

  16. How long has someone else been paying your property taxes for you? Your opponent plays to win …. I say, its not about winning or losing, Its about how you play the Game. Nail those Ducks Down!

  17. Time for the FED to face their losses….they created them. They destroyed the lives of millions of Americans and themselves for excessively selfish & greedy purposes. All because their investors want to own everyone & everything…? They all need their heads examined…their FEMA CAMPS can be used as looney bins to lock them away in and throw away the keys. They confused our kindness with weakness…they were wrong.

  18. If they are the plaintiff who brought the fraudclosure lawsuit …..and claim a lien on title, the plaintiff has to pay the property taxes …….until the legal dispute is settled…..this was told to me by an attorney RE…Illinois. They are claiming first party lien status… If they are not paying the taxes…..tell the judge….If you are not in fraudclosure, it is your responsibility to pay the taxes….In fraudclosure…..occupy….do not leave….RE commercial property that is being rented ……. the receiver pays the taxes out of the rent….only if you agree to that because you hold legal title until the title dispute is settled and they brought the fraudsuit…..arrogant s.ob.s

  19. I have tried to tell everyone the same. If you allow anyone including the banks to pay for over three years in a row, they can possibley claim they own your property bypaying your property taxes. Check this out with your attorney If the taxes are not paid period of three years the government sells your land for taxes. A lot of the banks have been keeping the taxes paid and it could be to steal the house another way. So please talk to an attorney before you allow the bank to pay the taxes.

  20. Yes! I’ve trying to tell you all this! … Pay your Property Taxes!

  21. Second Foreclosure Crisis Looming On the Horizon

    With millions of homes currently foreclosed upon nationwide, there is potentially a second foreclosure crisis looming that could deteriorate the housing industry even more: the tax lien sale.

    In a report published by the National Consumer Law Center called “The Other Foreclosure Crisis: Property Tax Lien Sales”, the National Tax Lien Association said that annual property tax delinquencies have been on the rise during the financial crisis and now amount to approximately $15 billion. Furthermore, an unnamed industry participant cited that $5 billion of the total tax liens are sold to investors at tax sales each year.

    Due to a weak job market, depressed home values and in increase in mortgage foreclosures, these tax lien delinquency values are currently rising every year too.

    According to the report, Florida had nearly $2 billion in back tax liens in 2008 and sold $1.8 billion of these liens in 2009. A county in Mississippi doubled the number of properties in its annual tax sale in recent years between 2008 and 2010. Other states especially at risk of a surplus of delinquent tax bills include Illinois, Iowa, New Jersey, New York and Texas.

    “Homeowners throughout the nation have lost or stand to lose family homes along with long-term equity which may represent their sole savings and security for retirement,” said John Rao, an attorney for the National Consumer Law Center who was the author of this report.

    “Our report is a wakeup call for states to reform tax sale laws to keep speculators from reaping huge windfalls at the expense of fragile citizens while still ensuring local governments receive much needed tax revenue,” Rao continued.

    Read the rest of the article at
    http://www.mortgageservicingnews.com/msn_features_reo/second-foreclosure-crisis-looming-on-the-horizon-1032661-1.html

  22. THE TBTF …..THE INVESTORS… NEVER WANT US TO RECOVER…THIS IS THE HOPE OF THE WICKED…..TO BANKRUPT US….MICROCHIP US WITH OBAMACARE…..AND OWN US…..STOP COOPERATING, CONFORMING & COMPLYING WITH THEIR TBTF SCAM.. These crooked investors are ALL invested in OBAMACARE..OUR DEMISE……THEY ARE THE MARK OF THE BEAST…..THE MASTERS OF DECEPTION & INIQUITY……..THAT’S WHY THE TRAITORS IN CONGRESS WOULDN’T READ IT FIRST……THEN THEY WERE NOT A PARTY TO THE OBAMACARE FRAUD….!

  23. The TBTF, the large institutional investors are eugenicist murderer’s & theives..

  24. In the rolling stones song, Sympathy For The Devil, just simply insert the word… TBTF…TBTF are who lay tracks for troubadours who get killed before they reach Bombay….they are the Luciferians…they rode the tanks and held the generous ranks when the Blitzkreig raged & the bodies stank…they used our wealth to gain power, they killed the Kennedy’s and we are next.. they want to liquidate the people…..simply because they want SLAVES….to keep giving them their money for nothing & all of their shit for free. That’s why they want to OWN US……because WE THE PEOPLE ARE A GIANT BANK FOR THE TBTF, THE LARGE INSTITUTIONAL INVESTORS, BOTH FOREIGN & DOMESTIC…..THAT IS WHY THEY WANT TO OWN US ……WE THE PEOPLE ARE THEIR PERSONAL BANK OF AMERICA..THAT IS WHY THEY WANT TO MICROCHIP US……THEN WE ARE ALL THEIR OWN PERSONAL ATM MACHINE……THAT IS WHY THEY WANT GRANDMA DEAD….& THEY CONSIDER HER A USELESS EATER…IF YOU DON’T WORK FOR THE BEAST…THE BEAST WANTS YOU DEAD….THEY WANT POPULATION CONTROL BECAUSE THEY ONLY NEED SAY 500 MILLION SLAVES TO MAINTAIN THEIR GLOBAL SLAVE PLANTATION…THAT IS THE GLOBALISTS WET DREAM FOR MANKIND……

  25. TBTF ARE THE FOREIGN & DOMESTIC LARGE INSTITUTIONAL INVESTORS …… THAT INCLUDES OBAMA, ROMNEY & ALL OF THESE TRAITORS WHO PRETEND THEY GIVE A SHIT ABOUT YOU…THEY DON’T. WE ARE THEIR BANK & WITHOUT US PAYING, COOPERATING, COMPLYING, & CONFORMING THEY CAN NOT CONTROL US. TIME TO ELIMINATE THE FED MIDDLEMAN ….

  26. These Globalists, both foreign & domestic want us to believe they own us. THEY DON’T. THIS FINANCIAL CRISIS IS MANUFACTURED BY THEM AND IS PURELY A PSY OP……Forget their stupid rules & regulations, these crooks & traitors who are robbing US wrote those for their TBTF that they control….. Those rules are written secretly by their CFR PROTECTION RACKET….. BECAUSE..THE POLITICIANS & THE LARGE INSTITUTIONAL INVESTORS ARE HAVING A GIANT PARTY ON THE U.S. TAXPAYERS……! WE THE PEOPLE NEED TO RESTORE the RULE OF LAW, THE U.S. CONSTITUTION. We need to issue our own currency because the U.S. CONSTITUTION, U.S. LAW REQUIRES IT…. We needed a referendum to restore the U.S. CONSTITUTION & issue our own currency. None of these traitor politicians will ever do that. We have to demand it by vote. We should stop paying until our Constitution & currency is restored. Until that happens, the treason & lawlessness will continue to become progressively worse. That will lead to dire consequences for everyone. 9/11 was the beginning of WWIII. That is when our foreign & domestic Globalist enemies declared war on the American people. IT IS TIME TO USE THE POWER OF OUR VOTE TO RESTORE THE U.S. CONSTITUTION & ISSUE OUR OWN CURRENCY….THAT IS HOW TO STOP THE COMMIE GLOBALISTS DEATH GRIP ON OUR PROSPERITY, FREEDOM & INDEPENDENCE.

  27. The only thing LPS is focused on is continueing what they have always done, Just getting better at covering it up ….. Did you know that once again, the settlements preclude PRA?

  28. Who is the biggest shareholder in CITIBANK……? ABU DHABI…….WHO OWNS AIG….? CHINA…….Who is the biggest shareholder/ bondsholder in F MAE……? THE IMF…..THESE ARE JUST SOME OF THE FOREIGN INVESTORS…….THE GLOBALIST IMPOSTERS WHO HIDE BEHIND NAMES THAT SOUND AMERICAN & “THINK” THEY OWN US…..THANK THE TRAITOR POLITICIANS ..NAMELY THAT GLOBALIST CONSPIRATOR…..BILL CLINTON…..& his cackling witch wife Hillary…

  29. I am not in here anymore for the most part. Yet I get the e-mails. I have found the path to my own truth is one I did not even see before, and am still unsure about this world. The Greater Good is what I want to focuus on, and giving back, even if it is in only small ways.
    Charity work, and working for a better life for us all, this is what I see ahaed, even if only a short time.
    Still. I am human, and find human joy in some things.

    Today, I find some satisfaction in the arrest today of the LOS ANGELES COUNTY ASSESSOR!

    Why now? I am so confused about the control, and what deed did he finaally do that crossed the line. It must be greed. We as a society must rise above the greed of personal wealth, and see the bigger picture. You will not take it with you, so why try?

    Thank you America. I owe you everything. We all do.

  30. One of the most important sites for mortgage info.

    http://ml-implode.com/

  31. Moderator blocked this. Read the entire sellout on

    http://finance.yahoo.com/news/lender-processing-services-announces-settlement-210100186.html

    Lender Processing Services Announces Settlement With Delaware Attorney General
    PR NewswirePress Release: Lender Processing Services, Inc. – Tue, Oct 16, 2012 5:01 PM EDT

    JACKSONVILLE, Fla., Oct. 16, 2012 /PRNewswire/ — Lender Processing Services, Inc. (LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, today announced that its subsidiary DocX, LLC has reached a settlement with the Delaware Attorney General, that concludes the State’s investigation of the document execution practices by DocX.

    The terms of the settlement provide for, among other things, a payment of $150,000 to the State of Delaware in lieu of penalties, reimbursement of $100,000 to the Delaware Attorney General’s Office for its fees and costs of investigation, and a release of potential liability of LPS and DocX related to document execution practices in Delaware.

    “This settlement is another important step in our continuing efforts to resolve legal and regulatory issues related to the operations of DocX, which we closed in 2010,” said Hugh Harris, president and chief executive officer of LPS. “LPS remains focused on resolving all remaining legal and regulatory challenges as expeditiously as possible, and is committed to ensuring that we continue to operate with integrity and compliance in everything we do.”

  32. Citi Mortgage is foreclosing on the United States of America… hahaha

  33. You dont see this everyday in the local paper …. I xed the homeowners names … But check it out. ????

    CITIMORTGAGE, INC.,

    Plaintiff(s),

    vs.

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    BANKCHAMPAIGN, N.A., HERGET BANK, N.A. ANDUNITED STATES OF AMERICA, UNKNOWN TENANTS, UNKNOWN OWNERS AND NON-RECORD CLAIMANTS,

  34. Can’t learn that waching TV…

    41 Facts About The History Of Central Banks In The United States That Our Children Are No Longer Taught In School
    Published on 11-12-2010
    Source: The American Dream
    Today, most American students don’t even understand what a central bank is, much less that the battle over central banks is one of the most important themes in U.S. history. The truth is that our nation was birthed in the midst of a conflict over taxation and the control of our money. Central banking has played a key role in nearly all of the wars that America has fought. Presidents that resisted the central bankers were shot, while others shamefully caved in to their demands. Our current central bank is called the Federal Reserve and it is about as “federal” as Federal Express is. The truth is that it is a privately-owned financial institution that is designed to ensnare the U.S. government in an endlessly expanding spiral of debt from which there is no escape. The Federal Reserve caused the Great Depression and the Federal Reserve is at the core of our current economic crisis. None of these things is taught to students in America’s schools today.
    In 2010, young Americans are taught a sanitized version of American history that doesn’t even make any sense. As with so many things, if you want to know what really happened just follow the money.
    The following are 41 facts about the history of central banks in the United States that every American should know….
    #1 As a result of the Seven Years War with France, King George III of England was deeply in debt to the central bankers of England.
    #2 In an attempt to raise revenue, King George tried to heavily tax the colonies in America.
    #3 In 1763, Benjamin Franklin was asked by the Bank of England why the colonies were so prosperous, and this was his response….
    “That is simple. In the colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers.
    In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”
    #4 The Currency Act of 1764 ordered the American Colonists to stop printing their own money. Colonial script (the money the colonists were using at the time) was to be exchanged at a two-to-one ratio for “notes” from the Bank of England.
    #5 Later, in his autobiography, Benjamin Franklin explained the impact that this currency change had on the colonies….
    “In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.”
    #6 In fact, Benjamin Franklin stated unequivocally in his autobiography that the power to issue currency was the primary reason for the Revolutionary War….
    “The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the prime reason for the Revolutionary War.”
    #7 Gouverneur Morris, one of the authors of the U.S. Constitution, solemnly warned us in 1787 that we must not allow the bankers to enslave us….
    “The rich will strive to establish their dominion and enslave the rest. They always did. They always will… They will have the same effect here as elsewhere, if we do not, by (the power of) government, keep them in their proper spheres.”
    #8 Unfortunately, those warning us about the dangers of a central bank did not prevail. After an aborted attempt to establish a central bank in the 1780s, the First Bank of the United States was established in 1791. Alexander Hamilton (who had close ties to the Rothschild banking family) cut a deal under which he would support the move of the nation’s capital to Washington D.C. in exchange for southern support for the establishment of a central bank.
    #9 George Washington signed the bill creating the First Bank of the United States on April 25, 1791. It was given a 20 year charter.
    #10 In the first five years of the First Bank of the United States, the U.S. government borrowed 8.2 million dollars and prices rose by 72 percent.
    #11 The opponents of central banking were not pleased. In 1798, Thomas Jefferson said the following….
    “I wish it were possible to obtain a single amendment to our Constitution – taking from the federal government their power of borrowing.”
    #12 In 1811, the charter of the First Bank of the United States was not renewed.
    #13 One year later, the War of 1812 erupted. The British and the Americans were at war once again.
    #14 In 1814, the British captured and burned Washington D.C., but the Americans subsequently experienced key victories at New York and at New Orleans.
    #15 The Treaty of Ghent, officially ending the war, was ratified by the U.S. Senate on February 16th, 1815 and was ratified by the British on February 18th, 1815.
    #16 In 1816, another central bank was created. The Second Bank of the United States was established and was given a 20 year charter.
    #17 Andrew Jackson, who became president in 1828, was determined to end the power of the central bankers over the United States.
    #18 In fact, in 1832, Andrew Jackson’s re-election slogan was “JACKSON and NO BANK!”
    #19 On July 10th, 1832 President Jackson said the following about the danger of a central bank….
    “It is not our own citizens only who are to receive the bounty of our government. More than eight millions of the stock of this bank are held by foreigners… is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? … Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence… would be more formidable and dangerous than a military power of the enemy.”
    #20 In 1835, President Jackson completely paid off the U.S. national debt. He is the only U.S. president that has ever been able to accomplish this.
    #21 President Jackson vetoed the attempt to renew the charter of the Second Bank of the United States in 1836.
    #22 Richard Lawrence attempted to shoot Andrew Jackson, but he survived. It is alleged that Lawrence said that “wealthy people in Europe” had put him up to it.
    #23 The Civil War was another opportunity for the central bankers of Europe to get their hooks into America. In fact, it is claimed that Abraham Lincoln actually contacted Rothschild banking interests in Europe in an attempt to finance the war effort. Reportedly, the Rothschilds were demanding very high interest rates and Lincoln balked at paying them.
    #24 Instead, Lincoln pushed through the Legal Tender Act of 1862. Under that act, the U.S. government issued $449,338,902 of debt-free money.
    #25 This debt-free money was known as “Greenbacks” because of the green ink that was used.
    #26 The central bankers of Europe were not pleased. The following quote appeared in the London Times in 1865….
    “If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.”
    #27 Abraham Lincoln was shot dead by John Wilkes Booth on April 14th, 1865.
    #28 After the Civil War, all money in the United States was created by bankers buying U.S. government bonds in exchange for bank notes.
    #29 James A. Garfield became president in 1881, and he was a staunch opponent of the banking powers. In 1881 he said the following….
    “Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
    #30 President Garfield was shot about two weeks later by Charles J. Guiteau on July 2nd, 1881. He died from medical complications on September 19th, 1881.
    #31 In 1906, the U.S. stock market was setting all kinds of records. However, in March 1907 the U.S. stock market absolutely crashed. It is alleged that elite New York bankers were responsible.
    #32 In addition, in 1907 J.P. Morgan circulated rumors that a major New York bank had gone bankrupt. This caused a massive run on the banks. In turn, the banks started recalling all of their loans. The panic of 1907 resulted in a congressional investigation that ended up concluding that a central bank was “necessary” so that these kinds of panics would never happen again.
    #33 It took a few years, but the international bankers finally got their central bank in 1913.
    #34 Congress voted on the Federal Reserve Act on December 22nd, 1913 between the hours of 1:30 AM and 4:30 AM.
    #35 A significant portion of Congress was either sleeping at the time or was already at home with their families celebrating the holidays.
    #36 The president that signed the law that created the Federal Reserve, Woodrow Wilson, later sounded like he very much regretted the decision when he wrote the following….
    “A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men … [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world–no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”
    #37 Between 1921 and 1929 the Federal Reserve increased the U.S. money supply by 62 percent. This was the time known as “The Roaring 20s”.
    #38 In addition, highly leveraged “margin loans” became very common during this time period.
    #39 In October 1929, the New York bankers started calling in these margin loans on a massive scale. This created the initial crash that launched the Great Depression.
    #40 Rather than expand the money supply in response to this crisis, the Federal Reserve really tightened it up.
    #41 In fact, it was reported the the U.S. money supply contracted by eight billion dollars between 1929 and 1933. That was an extraordinary amount of money in those days. Over one-third of all U.S. banks went bankrupt. The New York bankers were able to buy up other banks and all kinds of other assets for pennies on the dollar.
    But are American students being taught any of this today?
    Of course not.
    In fact, it is a rare student that can even adequately explain what a central bank is.
    We have lost so much of what is important about our history.
    And you know what they say – those who forget history are doomed to repeat it.
    It is absolutely critical that we educate as many Americans as possible about what is really going on in our financial system and about why we need to make some truly fundamental changes.

  35. They are on our soil too bse … http://electronzio.com/ That is what the coup de tat of our wealth was all about….

  36. The real truth. they stole enough money to pay for (2) wars and start another that will be bigger than the others combined. The question ? “Who will strike first. ? Russian troops continue to mount in Syria, US Troops on the Venezuela border.

  37. Obama said why this is happening in last nights “debate”……..the US GOVT. is engaging in feudalism with the FED over public land. The greedy sows have stolen all of our jobs & wealth….Obama blocked all criminal prosecutions yet……the sows still want our property….! That’s because all this was ever about was the FED WANTS US TO BELIEVE THEY OWN US…THEY WANT IT ALL FOR FREE…..WHEN THE U.S. TAXPAYERS FUNDED IT ALL, FAITHFULLY PAID ON TIME FOR YEARS….& WORKED FOR IT ALL FOR MOST OF OUR ADULT LIVES………THAT IS WHY THE FED COMMITTED ALL OF THIS FRAUD………IN ORDER TO STEAL IT ALL UNDER THE GUISE OF LIES…….WHEN THEY IN FACT COMMITTED $800 TRILLION DOLLARS IN MORTGAGE FRAUD WITH OUR SIGNATURES……..CNBC guest said today……the Governments CANNOT turn FIAT into HARD ASSETS……THAT’S WHAT THEY WANT……TO SEIZE ALL OF OUR UNALIENABLE RIGHTS UNDER THE GUISE OF MONEY LENT……& OTHER FRAUDS…..THEY WANT TO OWN EVERYTHING & EVERYONE WITH THEIR EVIL PLAN….BUT THEY CAN’T …….UNLESS THEY COMMIT MORE FELONIES….!

  38. Why isnt the Goverment funding research for the Cure for Stupidity?

  39. Full of yourself bitch.

  40. Grow up.

  41. SO FULL OF YOURSELF. SICKENING.

  42. I posted this on a previous page because… well, we all know who the caller is. And the format it was posted in isn’t accessible to everyone.

    Enjoy. I’ve been laughing all afternoon just thinking about it.

  43. Politicians, by and large, don’t work for the people, they work for their puppet masters. So, why do we keep expecting them to do what they say or don’t say?

  44. The following is what we are told to believe: all doom-and-gloom. It is not the case. in fact, IMF is forgiving debt left and right, in Asia, Africa, etc. Why? Because it is in a position to do so. The world will not collapse. The world economy will not collapse. Everything is being played out behind the scene but so9mething big is in the works. And it is not a war, it is not rampant civil wars, it is completely the opposite.

    I keep reading about it and I choose to believe it.

    Two Facts That Are Bigger Than the Debate

    While the media world is abuzz with last night’s Presidential debate, I’d like to cut through the noise and present you with two truly staggering facts that need to be kept in mind as the backdrop for the US Presidential Election

    Fact #1: EU leaders have stated point blank that they were asked to keep things quiet until after the election.

    Regardless of your party affiliation, social views or the like, we have to ask ourselves “what was promised in return?”

    If you’ve been reading me for some time, you know by now that the EU is in massive trouble. Spain is currently drawing over €400 billion from the ECB.

    Let’s put this number in perspective… in June before Spain requested a €100 billion bailout, the country was drawing only €300 billion from the ECB.

    Since that time and now, the ECB has promised to provide unlimited bond buying… and even Germany has indicated it would be open to some sort of a Spanish bailout…

    And yet, Spain is now borrowing even MORE than it was in June.

    This is not progress in any way… if anything it indicates that things are worsening in the EU’s financial system at a staggering pace. The powers that be are keeping things calm until after the election… at which time there will be absolute hell to pay.

    And we Americans are going to be on the hook in one form or another. Something was promised in exchange for the EU keeping things quiet. And we won’t find out what it is until after November 6

    Fact #2: China is facing a severe downturn if not outright collapse.

    As I’ve stated many times before, the China economic “miracle” is in fact one colossal Government funded fraud. While the media attempts to spin China as still growing, executives over there have stated that in fact things are far worse than is publicly known.

    Many economists expect the Chinese government to announce Thursday that economic growth in the third quarter was barely short of the official target of 7.5 percent. But Chinese business executives said that the reality was worse for many companies selling in the domestic market, leaving considerable room for a rebound.

    “All industries are going down, but why aren’t the official statistics going down?” asked Bob Wang, the sales manager of Kralle Tools, a manufacturer in Wenzhou, an eastern city, that makes circular saw blades for lumber mills.

    He said he believed that government officials had been underestimating the extent of China’s slowdown to avoid losing face.

    http://www.nytimes.com/2012/10/16/business/global/at-trade-fair-chinese-exporters-a-bit-more-optimistic.html?pagewanted=2&_r=2

    So… expect the news out of China to get worse and worse once the election is over. How would the world react to news that the “miracle” which supposedly pulled the globe out of recession is in fact collapsing?

    Not well.

    Europe and China combined account for 34% of the world’s GDP. Throw in the US which has re-entered a recession and 55% of the globe’s GDP is in contraction.

    And everyone is waiting on November 6 to see how this will pan out.

  45. And that it is “The Greatest crime in history”

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