Barack Obama's Quantitave Easing Explained So Everyone Can Understand It

Quantitative Easing.  What does it mean? 


Most people don't understand it.  It is a fancy term for printing more money - $600 Billion more.  I don't know about you but to me printing more money means what I have will be worth less and what I buy will cost more.  This plan of total transfer of wealth excellerated under the Bush Administration is continuing under the"Change We Can Co9unt ON" Obama Administration.  I guess the slogan is correct, "change we can count...".  All we will have left is the change in our change jars that we will count when we wrap it up to go to the groceryl store.

One of our dedicated volunteers over at our sister site www.GoldmanSachs666.com posted a GREAT, I mean GREAT video explaining Quantitative Easing.  It is in cartoon format and is not only easy to understand, makes the point understood but is also funny.  It is a MUST WATCH for educational and entertainment purposes.  My hat is off to whoever created it and to Joyce for finding it and posting it.


To watch the video...click here

The Wall Street Conspiracy...As broadcast on TruTV's "Conspiracy Theory"

Note:  This was first published in our sister publication - GoldmanSachs666.com.  The information is not new for some of us but it is information needed to be seen and heard by all of us.  It will be simul posted on all of our sister sites.

This is a MUST SEE program.

Jesse Ventura, former Governor of Minnesota and  host of TruTV's program Conspiracy Theory exposes the scam that brought the country into financial ruin.  He exposes - through interviews with Wall Street insiders such as Nomi Prins, former Goldman Executive turned whistleblower and Matt Taibbi reporter for Rolling Stone and author of the "Giant Vampire Squid" label he placed on Goldman.  Also interviewed such people as Rep. Ron Paul in reference to the Federal Reserve offering some very important information which some of us already know but all need to know.

This program exposes the criminal activities, the fraud and the cover ups that lead to the Great Recession we are still in the midst of.

This is a must see program already viewed by thousands but should be viewed by all Americans.  We Americans have been "had".  We have been "duped".  We have been and robbed.  In fact, we are still being robbed.  As I have been saying, a systematic program of stripping Americans of all their assets - money, property, jobs and entitlements - leaving us totally dependent on a government controlled by Wall Street, the Federal Reserve and their true owners - foreign bankers whose families were involved in its inception back in 1913 and will continue control until we, as a nation, decide to dissolve the Federal Reserve.

There have been thousands of views already.  If you like it like I do, then please forward it as well.  America MUST KNOW the truth.  The information in this program just further verifies what I and others have been writing about for years.

Wall Street Conspiracy with Jesse Ventura...Part 1


Part 2


Part 3

HAMP is a SCAM

"This was a lie -- 100 percent lie," Stratton said. "We ran off the guidelines. We met every single qualification to get a HAMP mod."

 This sign says it all. (courtesy of HuffPost)

The flow of money from the people to the banks is ongoing.  This entire real estate crash was orchestrated to move money and assets from the American People to the banks.  Not only did the taxpayers our government give the banks and other private companies like GM and Chrysler money to aid and abet them in their journey to control us all through controlling our wealth, but the government participated and is still participating in this scam.

What has this country come to?  How have we, the people, allowed this to happen.  You will notice there is no major outcry, no major show of disgust.  Only a handful of people feel safe enough  - or are simply so fed up they don't care about their safety - to protest in public.  

We have had and still have unjust wars, wars that have taken thousands of American lives and hurt and disabled hundreds of thousands, yet no public outcry or show of disgust.  What has this country come to?

Many of us are old enough to remember the protests by the hundreds and hundreds of thousands against the war in Viet Nam - another unjust war - our government got us into under the guise of national security and for the sake of Democracy.  A Democracy we have not seen or enjoyed in this country for quite some time.

The mortgage crisis was made by design.  The foreclosure process is by design.  The Mortgage Modification programs such as HAMP also by design but designed to fool you into thinking those we elect to office really and truly care about us.  Folks, they don't.  For our politicians it is all about the money as well.  Their lifelong jobs and benefits.  Their princely lifestyles.  Their travel at our expense on lavish airplanes, staying at the priciest hotels under a shroud of security most Presidents of other countries would like to have.

We are witnessing the final stages of the creation of the "New World Order".  Remember, the New World Order President George H.W. Bush talked about.  The same one Meyer Rothschilld talked about creating when he said, "Let me control the money of a nation and I care not who makes its' laws".  Yes, a plan laid down in the late 1700's coming to full fruition today.  

To think all of this is just an economic bubble that occurred by itself, think again.  All bubbles are man made.  They are made by design with the sole purpose of amassing money by the billions.  Bubbles are made to control an economy and most of its wealth by a handful of people whose patriotism and care for their fellow citizen stops at the edge of their bank accounts - most of which are off shore.

Stop and think.  Banks all said they were broke or going broke.  They needed the infusion of trillions of dollars to stay afloat and if they did not get the money our entire world economy would crash.  WRONG!  They didn't need the money.  They didn't lose any money and they are still not losing any money.  No one has ever asked the question, "where did all the money go that they made during the bubble?".  They made loans, sold the loans to Wall Street who in turn sold those packaged loans to unwary investors the world over.  Where did all that money go that they made?  No one knows for sure but I believe they have it all off shore.  All The banks have major operations the world over and the money that goes there never gets reported here.

I still have that same question; "Where's The Money?". 

 Check out this story in the Huffington Post.com

Homeowners Protest HAMP: 'It's Just A Scam And The Banks Are Getting Everything'

WASHINGTON -- Judy Stratton said she and her husband Harry have tried since January 2009 to modify the mortgage on their home in Stayton, Ore. after a drop-off in demand for Harry's floor maintenance services. In August, Stratton said, they received a rejection letter from their bank saying they did not qualify for help per the Obama administration's Home Affordable Modification Program.


"This was a lie -- 100 percent lie," Stratton said. "We ran off the guidelines. We met every single qualification to get a HAMP mod."

 Read more...click here

Barack Obama: The Real Face of America

Image via Wikipedia

They say the Recession is over.  They say we are on the road to recovery.  "They" - those wanna be trusted and believed government spokespersons and so called experts - hide the truth from us, always have and always will.  The bottom line - we can't believe what our own government via our elected officials tell us.


For one, the Recession is not over.  Just look around you and at your friends and neighbors.

Second, inflation is getting out of hand.  Oh, I know, you can't count food and fuel - the two items people need to survive.  (Another lie by our government).  Food and fuel inflates daily.  Food especially by double digits.

Third, unemployment is worse then "they" tell us it is.  Almost every community feels the impact of the 'real' un/under employment figures.  Florida for instance, has "reported" unemployment figures of over 14% in areas like Tampa.  Real unemployment is probably closer to 28%.

Here is a story which aired yesterday, Oct. 20, 2010, on CBS 60 Minutes:  It tells the truth and shows the reality.  We are not on the road to recovery.  Only the banks are healthy as they continue to steal from the rest of us.

Unemployment Benefits: The 99ers

October 24, 2010 5:00 PM

Even after an extension of unemployment benefits to 99 weeks, many of those about to go off the program are in a quandary. Scott Pelley talks to some of them in Silicon Valley.

Read more: http://www.cbsnews.com/video/watch/?id=6987699n#ixzz13PE0hIKU

Who Owns My Mortgage Note...Demand To KNow

This email came to me from SEIU - Service Employees International Union - a union, who for the most part, supports "the people".  I say, "for the most part" because there are times when I do disagree with them but as far as unions go, this is one of the better ones.

It includes a link to a web site that allows you to easily modify a letter to your bank and allows you to email it with a simple click of a button.

It has a very comprehensive list of banks and a link to go to if your bank is not included.  In addition, it provides a toll free number for each bank.

There are two problems I find with this web site - www.wheresthenote.com.  The letter is addressed to "the bank" not the servicing company that actually is managing your account.  However, in many cases, your servicing company is owned by the bank addressed to.  You need to refer to your payment stubs or your payment book of coupons to see who you actually make your check payable to or if already in foreclsoure, who the named Plaintiff is.

The second problem I see here is in the body of the letter that you can and should modify.
The last paragraph of the letter reads:

To protect myself and my family, I need to know who owns my mortgage. Within thirty days, I would like to know the name, address, and phone number of the bank or investor that owns my mortgage. Furthermore, in light of the recent allegations of foreclosure fraud, I demand to see the original mortgage note proving ownership over my home loan. If you fail to produce a mortgage note proving that you have a right to collect my mortgage payments, I will be forced to consider all options available to me to ensure that my family and my home are protected.

The last, highlighted bold sentence is the one I don't agree with.  This is why and I will bold my comment.

You are asking "the bank" - not necessarily your servicing company - to give you the name and address of the "true" owner of your note.  If your "bank" is not the "true" owner then it will not have, should not have and cannot produce the original note.  Second, if you are writing to your servicing company (that often have the name of the bank as part of their name) they never own your note and therefore should not have the original note in their possession.

Having possession of the note DOES NOT, I repeat, DOES NOT give them the right to collect your payments nor take any foreclosure action against you. You will have little defense if you stop making your payments to them or take any legal action against them for not providing a copy of the original.

If you want to insure that whoever you are writing to has the right to collect your payments you should ask them for a copy of their servicing agreement with the "true" owner of your note or at the very least that "portion" of the agreement that indicates their servicing rights.  They will not disclosue to you their entire agreement which would include their fees, etc

Here now the email:

Larry,
The big banks' BS is starting to catch up to them.

Last week, JPMorgan Chase announced they were halting foreclosures in 23 states. Turns out, the bankers in charge of approving the foreclosure paperwork weren't even reading what they were signing. Now, one by one, foreclosures at America's biggest banks are grinding to a halt. It's gotten so bad, several states are taking the banks to court - calling for an immediate freeze on all foreclosures.

The banks created this mess, it's on them to clean it up. You have a right to know if your mortgage is affected. If you're a homeowner, will you send a letter to your bank and demand to see your original mortgage note? You can do it online in less than five minutes: http://www.wheresthenote.com

Wall Street has bought and sold our mortgages so many times, they've lost track of who owns what. And now they're getting caught red handed. In one state, two banks tried to foreclose on the same home. In another state, BofA tried to take a house away from a man who'd never even had a mortgage. The more we learn, the worse it gets.

It's time to pull the curtain all the way back. Demand to see YOUR mortgage note: http://www.wheresthenote.com

Banks are calling these "technical glitches." These are more than technical glitches. These are monumental screw-ups that are forcing families out of their homes. The banks raise our rates and change our terms - and if we make one mistake, we pay with our homes.

Now it's our turn to demand accountability from them. Visit http://www.wheresthenote.com and demand to see your mortgage note.

Thanks,
Stephen Lerner
SEIU.org

PS - Don't have a mortgage? Pass this on to someone who does. Every single homeowner needs to know if their bank still holds their mortgage note.

SERVICE EMPLOYEES INTERNATIONAL UNION

 Here now is my recommended version of this letter.  Pass this on to anyone and everyone you know.  The more email letters all the banks receive, the more they will begin to get the idea that we "do not trust" them and we will no longer allow them to operate with special exceptions to the law.  As I always have said and maintain, "THE LAW IS THE LAW FOR EVERYONE".

To whom it may concern:

I own the property at the address listed above, and your bank services my mortgage. 

Over the last several weeks there have been many stories documenting the problem that banks are foreclosing on homes without proof that they own the loan.  I have learned that in many cases, banks like yours do not even know who owns the loans you service.  Employees at several leading banks have admitted to rubber stamping tens of thousands of foreclosures every month, without even checking to make sure that the bank had a legal right to proceed with foreclosure.  In some cases, banks allegedly falsified mortgage documents to cover up their mistakes.  There have been reports of two banks trying to foreclose on the same home, banks foreclosing on homeowners who were current on their payments, and even of a bank foreclosing on a home where the homeowner had never taken out a mortgage to begin with.  This is not merely a "technical problem"--it is the difference between having a warm bed at night and being out on the street.

As a homeowner and a customer of your bank, I am horrified.  I had always believed that it I played by the rules, I would be protected, but now I know that banks like yours think the rules don't apply to them. 

To protect myself and my family, I need to know who owns my mortgage.  Within thirty days, I would like to know the name, address, and phone number of the bank or investor that owns my mortgage.  Furthermore, in light of the recent allegations of foreclosure fraud, I demand to see the original mortgage note proving ownership over my home loan.  I would like to see copies of all endorsements and assignments of my mortgage note and where and when the assingment(s) _if any - were recorded.  I also ask that you provide me with evidence of your firm being contractually retained to service my loan. (italics indicate added by LR)

If you fail to produce a mortgage note proving that you have a right to collect my mortgage payments, provide the information I am legally entitled to,  I will be forced to consider all options available to me to ensure that my family and my home are protected.
(italics indicate added by LR)

I ask that I receive my response in writing.

Thank you for your attention to this matter.

Related articles

• The MBS mess from the beginning - the deal docs (ftalphaville.ft.com)
• Peter G. Miller: The Real Foreclosure Crisis: Who Owns The Mortgages? (huffingtonpost.com)
• Fight over MERS' legal right to foreclose makes mess worse (usatoday.com)
• Democrats Continue to Pressure Lenders Toward Nationwide Foreclosure Moratorium (news.firedoglake.com)
• Despite Foreclosure Halt, Mortgage Crisis Not Over (abcnews.go.com)
• You: News Analysis: A Foreclosure Tightrope for Democrats (nytimes.com)
• The Foreclosure Crisis: Eroding Trust -- and Ending the Recovery? (dailyfinance.com)
• Why Foreclosure Fraud Is So Dangerous To Our System Of Property Rights (businessinsider.com)
• Foreclosure Fraud For Dummies, 3: Why Are Servicers So Bad At Their Job? (rortybomb.wordpress.com)