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!
by Gary Anderson 10 years ago
You don't think the banksters are scamming sob's? They have been caught selling mortgages multiple times. You could pay your mortgage to a servicing company who has no idea where your note is. They may never relieve your lien even if you pay off your house and if you are now current....
by Gary Anderson 9 years ago
I bet you didn't know, with the way the banksters treat you, that when you deposit to the bank, it is a LOAN to that bank.You need more respect, after all, they are the borrowers!!!
by jerryl 10 years ago
Millions of people do not understand that we have a debt monetary system.The actual creation of money (always) involves the extension of credit by private commercial banks.This means interest bearing loans, so all M1 money in existence is debt. There is never any money created to pay the...
by lady_love158 9 years ago
http://www.americanthinker.com/2011/03/ … class.htmlIt should be obvious to everyone now that the left is intent on destroying the middles class. Worse they do this while claiming their policies are to protect you! Well that kind of protection I don't need!
by Jed Fisher 9 years ago
The cause of the slowdown in the global economy is a contraction of the money supply. To create more money, the Federal Government has to print bonds and trade them for dollars printed by the Federal Reserve. The Government has been remiss in this duty for far too long. This has allowed global...
by rhamson 11 years ago
With the recent collapse of the insurance companies sub prime rates and government bail outs, can our capitalist based market system be trusted to right itself?
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