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Post by firecracker on Aug 4, 2013 12:19:17 GMT -5
Topwrench, in one of your posts, I believe you mentioned that for every 1,000 we borrow from the FED, we pay back $10,000. Do I remember that correctly? I had never heard that figure before. Do you recall where you obtained that? I find that amazing. One of the things with which I agree is that we should be issuing our own currency again. Of course, saying it and doing it...another matter. People have died over that one.
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Post by topwrench on Aug 5, 2013 14:29:51 GMT -5
As a retired Re/Max real estate BROKER...not salesperson...(big difference in those terms)...It was ...and is essential to understand banking policies.
All FEDERAL RESERVE BANKS, subsequently most other banks use fractional reserve lending practices. Simply stated: If you go to a bank and take out a mortgage for $100,000.00 the bank is only required to have $10,000.00 on their books (equity) to create your loan for $100,000.00.
You repay $100,000.00 (plus compounded daily interest 'APR') over the course of the loan. That's a 90% or $90,000 profit before interest.
This banking "practice" rendered the Rothchilds the wealthiest family in the history of the world since it was their ancestor who originated the concept.
The equity margin of 10% is different from time to time. It is controlled by the MOTHER OF ALL BANKS, the B.I.S. (Bank for International Settlements) located in Basel, Switzerland. Designed much like the Vatican, it is exempt from all rules, regulations, laws etc. There is no greater security than that surrounding the B.I.S. That MOTHER BANK controls 155 "central bank" branches around the world, which in turn, control the governments of 155 countries much like the FED controls the U.S. Government.
In Greenspan's own words stated on The Larry King Show, "There is no power greater than that of the FED." The B.I.S. bank policies known as Basel I & II set up the economic collapse. Basel III contains provisions that have recently been explained to congress in a favorable "light" presenting regulations to be put in place in order to prevent future economic collapse. In reality, Basel III puts restraints on lending assuring that no economic recovery is possible...especially in the U.S.
This is how it was packaged...B.I.S. policy coaxed the public into debt bondage with unjustifiable low interest rates while encouraging little to no regulation throughout their member bank lending. (Basel I).
Basel II then reduced the amount the banks were allowed to lend by reducing the equity the banks held. That was accomplished with their "mark to market' policy. Cleverly named similar to renaming "inflation" "quantitative easing', it required that banks reduce the value of all the mortgage debt they held to an average of all the resales in a neighborhood which now included all the foreclosures that Basel I caused.
The results of (unconstitutional, Illegally adopted) NAFTA were being felt throughout the country, ...loss of jobs, loss of our industrial base further reduced the ability of borrowers to repay debt backed by traditionally stable equity in their homes that was now spun by MSM as irresponsible lending. But it was FED policy that reduced the equity in real estate due to MOTHER BANK'S (B.I.S.) control over the banks. Lowering interest rates, and enticing bad loans with reduced regulation that never would've gone on if B.I.S. didn't approve of it, was intentionally orchestrated.
Why? ...you may ask. Since congressional approval of FED policy is cumbersome...even though it's just a formality, ...and now that the internet has exposed the fraud, the public outcry and pressure on newly elected politicians to end the FED has grown. Legislation that had been proposed in the first 2 years of the Obama administration, when the democrats were in control of both houses would've been very effective in solving the financial stranglehold the FED unconstitutionally retains on this country. Timothy Geithner and President Obama made certain it was defeated. In short, the sitting "president" and his administration have no intention or desire to improve the U.S. economy.
Fractional Reserve Lending is used by almost all banks. Just try to imagine this nation not being required to pay a 90% profit, plus interest on every dollar it spends. Congress and President Obama had the perfect, unprecedented opportunity to accomplish that. He chose not to.
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Post by firecracker on Aug 5, 2013 14:46:52 GMT -5
Okay, thanks. Yes, former R.E. license also, so I know what you are saying. I misunderstood you to mean that for every $1,000 our GOVERNMENT borrows from the FED, the government incurs $10,000 of repayment obligation. BTW, since you brought up real estate, do you agree that the newest real estate scam is reverse mortgages. They've been around for quite awhile, but they are really pushing them recently. Seems like familiar territory...questionable appraisals, adjustable rates, MERS, and government guarantees....oh, and big up front fees and vulnerable mortgagees.
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Post by firecracker on Aug 5, 2013 17:02:01 GMT -5
I realize I forgot to finish my thought re: Reverse Mortgages. Because they are IMO, doing questionable appraisals, and because banks are required to have that 10%, they are buying up reverse mortgages, using them as the backing for the 10%. And it is the best of both worlds for the banks (not for us) because if the properties are appraised high and do not have sufficient value when it all shakes out, the government steps in and pays the bank with OUR money. Just think, if for instance, instead of throwing the TARP money down a rat hole, they had excused the mortgages of a lot of people, what a difference that could have made. People would have had money and credit to buy things....and they might even be buying property in Detroit instead of the Chinese!
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Post by topwrench on Aug 6, 2013 11:23:05 GMT -5
Firecracker: Don't have much time today... Re Deficit: Your first impression was correct. For every $10K borrowed by the gov't, $100K of debt is incurred to the Fed Cabal.
Reverse mtgs have always been a ripoff. They take advantage of elderly in particular.
Keep informed on Agenda 21. The most important aspect is that it eliminates property rights that are guaranteed in the fifth amendment. Those rights were the basis that progress in this country was built upon. Banks wrote mtgs. based on that. No other country in the world (that I'm aware of) guarantees property rights or "compensation" for property that is taken by "eminent domain".
Once equity accrued, citizens in the U.S. were able to borrow using the "equity" as collateral. Small business capital was accessed and built upon. Agenda 21 guarantees that the government can take your property with no compensation based on unfounded "sustainability" claims even when proper title insurance covers your property.
Several states are passing legislation banning Agenda 21. The Senate voted against adopting it. However, it is still being implemented. One Fl. resident actually shot and killed himself on his front lawn to bring attention to what the government did to him in the process of taking his property. Little to no MSM coverage of that...
Also, Steve Stockman is taking on the birther issue in congress. Mike Zullo claims 100% proof of fraud has been established but no court will touch it. Only problem that arises is who will take the Kenyan's place if he's impeached/jailed? No alternatives there and it must be noted that Obama has fought against WW III which would likely entail nuclear holocaust. Insane McCain and Crackers Graham are war mongers. Kerry is Skull & Bones war monger in favor of quick genocide.
The public is informed like never before and congressional leaders are recognizing they are no longer in control so urgency is #1 priority. Hence the terror warnings... Maybe they ought to stop funding, educating, training and arming the Al Quaeda terrorists they claim are out to get us. Al Quaeda is C.I.A. through and through. Can't have it both ways and somebody ought to loudly tell the imposter in the white house, we've noticed he's playing both sides.
Obama is a Muslim and has stated that he will stand with the Muslims if a challenge erupts (in his books). I'm not anti Muslim especially because I think they got a raw deal on the 9/11/01. But I no longer think the states that have passed anti-Sharia law are bonkers...
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Post by firecracker on Aug 6, 2013 12:35:47 GMT -5
Yes, Topwrench, here the Agenda 21 implementation is called "Growing Greener", and I have spent nearly two decades battling it as citizens group leader and elected official. I stand up for private property rights and encourage personal responsibility....but it is an uphill battle, as you know. I think you will understand the link I posted on One Stood Up....happened a few hours away from here....Nazi control freaks posting on the site that he didin't follow the local ordinances. He was on his own property, they were trying to force him off, he stood up. At one time in this country, the officials knew the consequences of treading on our rights. Because we allowed them to forget, they need some new lessons. Unfortunately. I served on the board with absolute liberal control freaks who were only interested in their own importance and corruption. They inflicted massive damage on down-and-out citizens in our municipality. But for the grace of God, this could have happened in my municipality. This man understood, it is war. www.poconorecord.com/apps/pbcs.dll/article?AID=/20130806/NEWS/308060316
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jill
New Member
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Post by jill on Oct 30, 2013 17:00:39 GMT -5
I'm new here. Dr. Pieczenik is an American Patriot! I've been also listening to David VanDerBeek from Nevada. He too want Obama charged. Need Leadership. I'm in So Cal.
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Post by firecracker on Oct 30, 2013 18:06:19 GMT -5
Welcome Jill! I have been hearing reports on alternative media that those in California are having their insurance rates skyrocket by several hundred percent. And I think that Drudge Report was where I saw a headline that 500,000 have had their health insurance canceled in California. Have you or your friends experienced this? If this is true, this is horrible news. Who can afford that? I'm not familiar with the other site you mentioned. Thanks for posting, I will have to check it out. Welcome, and spread the word.
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jill
New Member
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Post by jill on Oct 30, 2013 20:21:28 GMT -5
Thank you Firecracker! I haven't had this happen to me yet. My ins comes from my husband's work and I've had him ask his HR department about it. They don't seem to think it will be a problem. But I have a feeling things are going to change. Nobody that I know has said anything about getting a letter from their Ins comp -yet. We'll see. I'll post anything I hear. David VanDerBeek has YouTube channels etc. he's running for Gov of Nevada in 2014. Quite a patriot! Any support for him is greatly appreciated. youtu.be/axmjLxNFCAY
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