Sunday, April 27, 2008

Who Owns Your House?

If you're a renter, you may think this is an easy question. You probably think it's the guy that you're renting from. If you're a "home owner", you probably think it's still an easy answer. Either you think you own it, or you (more closer to the truth) think that the bank you have your mortgage through owns it.

However, those answers are wrong in all cases. The people that control the money issued in our country are the ones that own the land. They have the power (and have exercised it in the past) to take your land, even if you own it outright and carry no mortgage.

The government essentialy own and controls everything. Or so we'd be led to think. However, the government is "owned" by the larger financial institutions, particularly "The FED" that we hear so much about. You know, the group that supposedly "insures" the money that we call "ours".

The money belongs to the FED, and the people that control the money control everything.
Posted by Blog Friend at 9:00 PM

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The Mortgage Crisis

The mortgage crisis could not have been an accident. The people that "approved" the mortgages KNEW that:

  1. Were going to have prohibitive payments in 12 to 24 months
  2. Were going to be on property worth far less than what they sold for within 12 to 24 months
  3. Would be forclosed on because they couldn't sell for the amount of the mortgage

Bankers blame it on homeowners making bad decisions or not having foresight. However, those bankers get very uncomfortable when you point out that these mortgage were all approved by bankers that get PAID to know the market and it's trends.

When you point out that regular people like you and I saw this coming back in 2004/2005, they start to tap their fingers and look around nervously.

The short answer is that they set us up and we don't know "why".

Mortgages traditionally require people prove they can make the payments even when the market is not headed down. The banks knew exactly what they were doing...

The Media On It's Knees

Why is it that the mainstream media is clamoring on their knees in front of Obama as if their unwarranted affection will somehow lower his zipper and give them what they so desperately seem to want?