The Mortgage fraud & more

[Stonehenge]

Z, you have a point about big money people controlling the govt but neither of us know who owns the fed banks.

>Normally; They commission the fed to print the money at $1+interest.....scam!

Nope

>>    This has been done and it was called quantitative easing which has been done 2 times.

>Number 3  today!!but I don't think lamestream presstitutes said anything about it!

I searched the web and you are the only one who "knows" about it. England is thinking about a third round of qe.

>>    Normally they borrow the money by selling treasuries on the open market.

>Which is bought up by the fed.....ingenious!

No, the debt is owned by foreign investors in large part with china owning over $1t. Domestic investors own a smaller part and govt does own part of the debt but less than 40% or so. Most of that is due to ss payments coming in and being used to buy treasuries and the money is spent. That is a long way from printing money from nothing as you claim.



>>    So how do you explain the fact that we owe some $15t in national debt?

>Cos the "TOO BIG TO Fail" bankers palmed off a bunch of crud derivatives to the tax payers.

That dodges the fact that we had to borrow the money and did not print more of it. Anyone can say whatever they like in a book or on a website. I've seen books etc that claim aliens are running everything. Does that make it true?

The "smoking gun" video that bush persuaded me to watch simply made the claim that lending deposits creates new money. It causes more cash to go into circulation but this is neither mortgage fraud nor creating money out of thin air. Do you create new money when you charge something on a cc? It may seem that way but it has to be paid back with interest.

[Zaka]

Irie,

That dodges the fact that we had to borrow the money and did not print more of it. Anyone can say whatever they like in a book or on a website. I've seen books etc that claim aliens are running everything. Does that make it true?

Well I guess the federal reserve wasn't created in 1913 & there's no life throughout the universe apart from on earth!
Cool! That settles that then.
Just curious??
Why would you want to trade for pre-'65 silver coins, if the fed bucks are more value than the paper they are printed on & totally solid???
Respect,
Z

[Stonehenge]

I'll take fed bucks too but we are supposed to trade. Could be aliens out there but i'm not so sure they run everything like that guy said at the nook. So your argument was that the fed was created in 1913? Here i thought you were talking about printing money without borrowing and that qe3 happened today. You are right about the fed

[Zaka]

Irie,
Ouch! my head is hurting from banging it against this Stoney Brick Wall!
I'll not try again my lips are  on this matter.
Peace & guidance to you brother Stoney!

Boosh,
Did you get a chance to check-out the Gordon Hall???
Those podcasts are all 1hr+ long....
These guys are putting the whole thing to the test with real court cases......
And getting some surprising results.
It's all a matter of how you see yourself....& asserting that position....competently.

Respect,
Z

[Stonehenge]

Its like going to a religious service or a meeting of ufo people. You either believe it or you dont. I'm the one running into a brick wall. Its more faith based than science based. I hear that if you burn incense and recite the correct incantation you get your interest rate lowered. I better get out of here before you make a voodoo doll of me and put pins in it.

[Zaka]

Irie,
Back on subject.
Everybody with a mortgage or debt can benefit from this

Enjoy!
Respect,
Z

[Stonehenge]

Another utube! and this time a guy trying to sell a get out of debt plan. He couldn't even afford any video on his ad. These people prey on those who are desperate. The only thing he can deliver is more debt to those already underwater. Dont tell me you sent in the money? Why are you pushing this? I've seen scams like that all over the place. Sometimes the "secret" plan to get out of debt is to declare bankruptcy. And that is no secret.

[Stonehenge]

I dont mean to laugh at anyone but come on, utube videos??? People trying to sell stuff? Next it will be a rap video. I wish i could create money out of thin air.

[Bushpig]

Stoney, you have received in this thread a variety of reseources that you have failed to study because you 'don't have the time' (though you seem to have the time to continually regurgitate your misguided opinion on the matter ).   Firstly an interview that would have provided you with the framework for the claims made further on in this discussion.  You have also received documents from the federal reserve and the Bank of England detailing the mechanics of money creation.  Have you studied them?  It appears not.  I have also presented affidavits submitted by an expert on the subject, have you studied that?  You tube is just a medium for information, it's use is not a logical ground for claiming the information contained within is incorrect.  Only by paying due diligence and researching the subject and the resources provided will you be in a position to ask the correct questions or make a valid rebuttal.  You will see upon your own research that the claims made by myself are backed up.

Let this thread continue for those willing to read the information and make appropriate contributions.

Booosh

[Stonehenge]

Bush, you forgot to mention the father, the son and the holy ghost. I did study what  you told me was the core of the "fraud" the way money was created out of thin air. It showed no such thing and yet you believe in it fervently. I want the 30 minutes back i spent on it. If you dont see that lending money is not the same as creating new money, why would i waste another 3 hours on one of those others? And then you would say i hadn't seen the 10 others and must spend days watching utubes before i can say its baloney.

There may be a valid point in there about something but you cant tell me what it is. You still think making a loan is still the same as creating money, dont you? You haven't answered any of my questions along those lines but i'm supposed to spend countless hours listening to random junk.

If someone asks me what is wrong with govt today, i dont hem and haw. I can reel off several main problems like corruption, career politicians, pay for play etc. I dont tell them to watch 100 hours of utubes and maybe they will figure it out themselves. Your one cogent statement was that the banks were creating money by lending it out. That turned out to be totally untrue and you have not stated anything else since then.

Its like the preacher who thumps the bible and says "the answer to all your questions is right here" and if you read it and dont agree with him, you are a heathen.

[Bushpig]

Fraud detailed reasonably well here folks:

http://crag1.webs.com/banksters.htm

[Stonehenge]

More statements of faith and belief

>1.When we sign an application for a loan (called a "financial accommodation "), the Banksters don't go to the vault and remove printed legal tender money ... they just turn on their CONputer, and create counterfeit money from air, by simply  typing in  say $100,000 ...  thereby monetising our signature into a dual faceted "Promissory-Mortgage Note" ... IMPORTANT, as ours is the only signature, it is not a legal contract .

This is false on the face of it. When you buy a home, the seller receives cash money contrary to what is stated above. And also contrary to that statement of faith, a mortgage contract does indeed have the signature of the loan officer authorizing the loan along with that of the borrower as well as that of the notary who verifies the identity of the parties. It will have other signatures as well. I have bought properties so i'm speaking from experience, not from theory or something i read.

I don't know what is done in uk but i know it is not done that way here and i highly doubt it is done that way over there. The rest of the rant you linked me to works off that first false statement so it is all false as well.

Really, bush, you should make some effort to verify these things rather than taking the word of someone on the net. Try talking to a real estate agent and see what he says. After he gets done laughing that is.

[Bushpig]

Read Money mechanics yet Stoney?  Read the bankers manual ?  Still going on the distorted facts you have grown up with or gleamed from the mainstream media?  Why will no bank disclose their loses?  Please do us a favour and read for example the walker todd affidavit ... it is specific to the U.S (though the banking fraud is global in its reach).

Tell me also, how on earth are you able to pledge as way of security your house, when you do not hold good title to it at the time you execute the deed?

This is false on the face of it. When you buy a home, the seller receives cash money contrary to what is stated above.

Incorrect.  Solicitors escrow account receives credit.  Have you read the affidavit by walker todd, Ex federal reserve employee detailing the species of money in existence ?

And also contrary to that statement of faith, a mortgage contract does indeed have the signature of the loan officer authorizing the loan along with that of the borrower as well as that of the notary who verifies the identity of the parties.

Not in this England & Wales.  Documents need to be executed in accordance with s44 of the companies act and s2 of the Law of Property Misc provisions 1989 act.  None do so. 

Why do you not ask your bank to show you the accounting of the transaction Stoney... but some real research in ?

You keep talking but aint reading Stoney.. come on

Boooshpig

[Stonehenge]

Bush, some of those things may well be standard practice or done from time to time in jolly old england. I'm talking about over here.

>how on earth are you able to pledge as way of security your house, when you do not hold good title to it at the time you execute the deed?

As i said before, you are borrowing the money to buy the house giving them certain rights to guarantee the repayment. You are the nominal owner and they record a mortgage on the property which means no one can buy it from you without satisfying the bank on its loan. This also creates a lien. I'm not sure why you are confused about this part. It seems very straight forward. If you take the loan you take the lien along with it. You do have good title, what do you mean by that? Its just not free and clear because the bank does not trust everyone to pay their debts and wants a claim on the property.

>>Quote

    This is false on the face of it. When you buy a home, the seller receives cash money contrary to what is stated above.


>Incorrect.  Solicitors escrow account receives credit.  Have you read the affidavit by walker todd, Ex federal reserve employee detailing the species of money in existence ?

Perhaps in uk they do this. Here, as i told you over and over, the seller receives cash at closing or a check if you want to be picky. We don't have solicitors here but if the seller had a lawyer handle the paperwork the lawyer may receive funds and disburse them to the seller. In that sense you would be correct but normally it goes directly to the seller. If the seller owes money on the house because of a mortgage or a lien, the money goes first to pay that off and the excess goes to the seller.

>Why do you not ask your bank to show you the accounting of the transaction Stoney... but some real research in ?

I have indeed looked over the documents each time i bought a property and it is just as i said. I have talked with real estate experts here and they agree with my assessment. Why would i read a book to see if someone else has a different opinion on how it is? Besides the fact you are without doubt misinterpreting what was said. You told me those videos showed money being created out of thin air and they showed no such thing.

In england it may be, though i doubt it, just as you say. Here, the seller gets paid in real money, not some "credit" as you imagine. You have told me that the lien on a property is fraud even though i tried to explain it to you and have again. No doubt i wasted my time because you are convinced its fraud and facts be damned. There may well be fraud going on and i can give examples of it, mostly inflated appraisals using straw buyers to defraud the bank but there are other forms of fraud as well. You simply have not shown me any.

[Bushpig]

>how on earth are you able to pledge as way of security your house, when you do not hold good title to it at the time you execute the deed?

As i said before, you are borrowing the money to buy the house giving them certain rights to guarantee the repayment. You are the nominal owner and they record a mortgage on the property which means no one can buy it from you without satisfying the bank on its loan. This also creates a lien. I'm not sure why you are confused about this part. It seems very straight forward. If you take the loan you take the lien along with it. You do have good title, what do you mean by that? Its just not free and clear because the bank does not trust everyone to pay their debts and wants a claim on the property.

The mortgage on the property is a charge by way of deed.  It may very slightly in the U.S but my basic premise is the same.  That is, to pledge the house as security for the debt you need to own the house first, and have good title to it.  Well, when you sign the deed pledging the house you did not own the house, so how can you pledge what you do not own ?

>>Quote

    This is false on the face of it. When you buy a home, the seller receives cash money contrary to what is stated above.


>Incorrect.  Solicitors escrow account receives credit.  Have you read the affidavit by walker todd, Ex federal reserve employee detailing the species of money in existence ?

Perhaps in uk they do this. Here, as i told you over and over, the seller receives cash at closing or a check if you want to be picky. We don't have solicitors here but if the seller had a lawyer handle the paperwork the lawyer may receive funds and disburse them to the seller. In that sense you would be correct but normally it goes directly to the seller. If the seller owes money on the house because of a mortgage or a lien, the money goes first to pay that off and the excess goes to the seller.

It is only a small percentage of sales would be cash buyers, so in that case maybe, but on the whole one the lender will advance credit to the solicitor/lawyer, this is generally held in escrow until completion of the relevant documents before being forwarded to the sellers bank/solicitor. 

>Why do you not ask your bank to show you the accounting of the transaction Stoney... but some real research in ?

I have indeed looked over the documents each time i bought a property and it is just as i said. I have talked with real estate experts here and they agree with my assessment. Why would i read a book to see if someone else has a different opinion on how it is? Besides the fact you are without doubt misinterpreting what was said. You told me those videos showed money being created out of thin air and they showed no such thing.

In england it may be, though i doubt it, just as you say. Here, the seller gets paid in real money, not some "credit" as you imagine. You have told me that the lien on a property is fraud even though i tried to explain it to you and have again. No doubt i wasted my time because you are convinced its fraud and facts be damned. There may well be fraud going on and i can give examples of it, mostly inflated appraisals using straw buyers to defraud the bank but there are other forms of fraud as well. You simply have not shown me any.

A call to authority when you fail to present the questions you have asked, the answers given and the evidence upon which they rely is call to a logical fallacy.  Looking at a different opinion is the way in which one ascertains the nature of a concept, perception, object.

The U.S system with regard to the fraud is exactly the same as the rest of the globe.  It is the same system.  Who do you think set up the banking in your country ?  I'd say it was the same interests that set it up in Europe.  The MoneyMasters video at the start of this thread documents this history of the banking industry.

Your remarks on real money and credit are just not in keeping with the truth of the matter, the affidavit I recommended will clarify it.

You still claim banks do not create any more, that it is just transferred.  Perhaps look into the data on the money supply.  You will notice that money is created vua 2 sources.  The Central Bank, and e commercial banks.  Ask yourself the question how can commercial banks be part of the money supply ?  Well, the must be creating money mustn't they ?

As you did not want to read modern money mechanics below is an explanation on the wikipedia:

http://en.wikipedia.org/wiki/Money_creation


Once you have reached an understanding that commercial banks create money we can move onto the fraud in some more detail, until then we are going around in ever decreasing circles.


Much love

Boooshpig