Yahoo censors their message board, letting mindless comments through and stopping comments that expose the banksters. I had a hard time getting through stating that the Tea Party should now realize that the banksters are extorting the politicians with threats about the demise of the 30 year mortgage. I wrote a hub on it in fact.
Here is the deal, the banksters want all mortgages guaranteed and they are threatening to do away with them if the mortgages are to all guaranteed, whether fannie or freddie exist or not!
If they want to threaten people, just don't buy their products. Boycott their stocks, mortgages, bonds and everything. All the markets are manipulated. The banksters don't want you bailed out because YOUR DEBT IS THEir PROFIT.
Here is the article: http://finance.yahoo.com/loans/article/ … loans-home
bgamall, What i find ironic, is the people believing that the banks actually have money to loan to you, when in reality, they create it on your promise to pay it back to them! Doesn't that mean that the borrower is creating the money for his own loan? His word is what is promised, along with mortgaging part of his/her future productivity. The bankster has to only keep 10% in reserve for that loan, and I sometimes wonder about that figure.
The bankers, for being a kind of middle man between the buyer and seller, on a 30 year mortgage, will collect between 150% and 200% in interest, on money they created on your promise to pay. The bankster will collect all of that interest, for doing approximately 2 weeks of premortgage paper work, and mailing out monthly mortgage statements for the life of the mortgage.
Remember, there is no money created to pay the interest on any loan. It has to come from money captured through commerce, from the debt principle of someone elses loan that has been spent into circulation.
Under this monetary system, if there is no debt, there can be no dollars.
Isn't fractional banking wonderful?
Stop making sense!
Too many of us want to bend over and pull our pants down to make it easier to get forked in the rear!
You're dead on with the post!
We have to keep in mind that "debt" IS control... and that is exactly what these Banks and Lenders want to do - CONTROL US (and our money). I believe the theory you are referring to above about the creation of money is called "Fractional Reserve Banking," I've done some quite extensive research and reporting on it... it's pretty in depth and the concept is mind boggling... that a lender can take someone's money and lend up to 10xs that amount to someone else... everything is build on a bubble of phantom money... 90% of it not existing but someone registering in their systems. Hmmm.
Great post... thanks!
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