Tag Archives: Congress

THE LESSER OF TWO EVILS

(Op-Ed) — The opines here are never construed as legal advice. They’re just a bunch of IMHO’s with a little common sense thrown in!

I received an email from a fellow in Ireland (County Kildare to be specific), wishing to order a copy of Clouded Titles. I was rather taken aback at why someone from “the other side of the pond” would want to order a copy of this book. Further “enquiry” (which is the Irish term for our “inquiry”) did elicit a response I wasn’t expecting … that Irish citizens have taken up a resistance to the same chicanery by the banks and their barristers there! They apparently have discovered that the notes and the public records don’t make sense and word has it, they’ve even caught barristers lying to the judges in court in trying to steal peoples’ homes in foreclosure … and apparently, there is a movement afoot to expose the entire fracas!

Never having direct exposure to their “system of things”, until I make further enquiry into that country’s dilemma, all I can determine for a certainty is that Ireland has a housing shortage of over 100,000 units and now their foreclosure processes have kicked into gear and have been for some time, with Ireland in lockdown (worse than California). Imagine Ireland with no pubs open? Oh feck! No Guinness? (… and their Guinness is sooooo fresh over there you can’t hold a candle to what we drink here.)

Since we have the International Monetary Fund (IMF) in existence, I can only surmise that the same foreclosure scandals are happening in hundreds of other countries across the globe. Many years ago, a fellow in Australia emailed me to tell me the same securitization crap was happening there … and in Western Australia, they’ve now legalized forced inoculations where they can literally seize you, take you to a private location and strip you naked and stick a needle in your butt! The shapes of things to come.

Now Dr. Anthony Fauci (the alter ego of Dr. Josef Mengele), wants to have a federal mask mandate, flip-flopping on his previous agenda that wearing masks aren’t going to help stop the spread of coronavirus. In fact, there are suppositions about that a “federal lockdown” of the U.S. may occur if a certain presidential candidate gets elected. I shudder to think this country could survive another mandated lockdown without some sort of civil unrest the likes of which were previously precipitated by bad police behavior.

The City of Punta Gorda, Florida’s city commission opted to put a mask mandate into place, forcing everyone to wear a mask when entering a place of business. Guess when it expires? November 3rd. What does that tell you?

By now, with the Hon. Amy Coney Barrett officially sworn in as the new U.S. Supreme Court justice (and the party line dictates and political bitching that ensued), pre-election, we can either say that the President (Trump) was doing his official Constitutional duty or conservatively stacking the deck in favor of a majority of folks he thought would lean to the right. Given the responses of Judge Barrett, I’m not so sure she’s not a right-thinking moderate and will be an asset to the discussions surrounding all of those diatribes that the Democrats have attempted to scare the population with. After all, she does have children of different persuasions. I get her belief system and her compassion, rooted in family values, but taking exception to individualism. The Constitution guarantees the general welfare; not the rest of everything that’s been thrown at us since 1913.

Come November 3rd, no matter what political leaning you subscribe to, it is a fact that the President can attempt to dictate public policy, but COVID or no COVID, this country was doing exceptionally well before the bioweapon hit the U.S. Weigh the consequences before casting your vote. Further, the President doesn’t make the laws. As the country’s chief executive, he can make suggestions, but he’s not the one that votes “Yea” or “Nay” to get it done. He only signs off on what Congress has done if he agrees with its decision. People spend too much time watching the 3-ring media debates, technically geared toward socialist policy, in an attempt to further the Hegelian principle I spoke of in a previous post … create a problem, spread the fear and confusion surrounding the problem, with a solution already in the works, created before the problem occurred with the intent to invoke the solution, claiming the sheeple want it and thus are entitled to have it.

The issues surrounding the political climate in America are generated by those inside the Beltway … in my book, with sinister intent.

Verily I say unto you … if government agents provocateur weren’t involved, you wouldn’t have securitization, which allowed the banks to play in the secondary mortgage markets with the ability to make gobs of money off the backs of hard-working Americans … nor would you have a virus that was sent to Wuhan, China with $3.27-million of our taxpayer dollars for further “cultivation” and subsequent release on the world by a not-so-transparent government monster. In both instances, the U.S. government was involved in some way. And our Congress thinks we should open our doors back up and deal with China? I personally believe protectionism (i.e. border walls, bringing manufacturing jobs back to America, rebuild the infrastructure) is what this country needs right now because we’ve got too many of our own problems to deal with here rather than trying to “buy our friends” elsewhere for the sake of political expediency … using our tax dollars to do it with.

The Foreclosure Defense 101 Workshop is now available on demand. For the average person out there who will soon be or is now at risk of losing their home, this is a token investment in your future. If you don’t get an answer to your growing concerns over “fight or flight”, you will after watching this recorded 4-hour webinar and reading all of the PDF handouts you get in your inbox! We even talk about the dirty tricks played in court against homeowners who don’t understand HOW TO fight and how the average litigant should counteract. We’ve even included extra “stuff” not included in the syllabus, which you can read on the Clouded Titles website!

Recognize that no matter WHO you think is really in the driver’s seat come November 4th, your vote still matters … the moratorium is still going to end … and we’re still facing another foreclosure shit show!

Leave a comment

Filed under OP-ED, Securitization Issues, webinar, workshop

10 DAYS OF DARKNESS? REALLY?

(Op-Ed) — I’ve heard this expression more than once in the past few days. I pondered this for a minute and then decided it was time to turn on my office light, get on the blog and post the following:

AMERICAN PANIC

Yes, as we approach the November 3rd elections, we see more hatred for our fellow Americans because of political influence and disinformation. I’m more concerned with the disinformation than I am with the political influence because in my book, politicians will say anything to get elected. However, it’s what they don’t say that worries me more. It’s what’s not written in their agendas that is propagated on the internet that gets my goat sometimes, much the same as it does you, whether you subscribe to “Q” or not.

I am confident that Hon. Amy Coney Barrett is going to win the nomination to fill the seat vacated by the death of Justice Ruth Bader Ginsburg and the politicos are all going to go schizo over the fact the bench was “stacked” with conservative judges right before the election. Again, I posit that the Constitution of the United States gives the President the right to fill vacancies on the Supreme Court, whether you’re a Republican, Democrat or a Libertarian like me. It doesn’t matter. If you support the Constitution of the United States and what it stands for, then you shouldn’t be in a panic because the President did his sworn duty.

BAD RELIANCE ON THE “STATUS QUO

It is unfortunate that the status quo wants to revel in discontent. Nothing pleases them unless it caters to their agenda. Deep State plays within the status quo. Deep State plays within the medical community and within the intelligence community. Most everyone has that sinking feeling that the NSA is Big Brother, Snowden or no Snowden. Understand that both sides of the aisle have contributed to the mess we’re in (and I’m talking about Congress here) yet come election time, Presidential candidates hang their hats on and take credit for all of the successes created by Joe Public.

It is a proven fact that people don’t like having to pay taxes. Once they fill out a 1040 Form they are forever obligated under the law to fill one out every year, declare their earnings and pay a tax. We don’t get paid to sit there every year and sift through all our receipts and determine what we can write off and what we can’t, depending on what the Status Quo demands via legislation every political cycle. Of course, not everyone is self-employed. If everyone would form an LLC and be their own boss, there would be more opportunities for write-offs.

And the status quo balks because President Trump purportedly only paid $750/year on his taxes. Again, I point to the law of the land and ask simply what law says that the rich can’t use the tax loopholes provided by Congress to avoid (not evade) having to pay gargantuan sums of money come tax time? I love it when half the Status Quo says we need to gouge the rich and give it to the poor. They seem to forget that the rich got that way because they worked smart and used the system’s own tools to grow their businesses. And for that, they should be penalized and made to share their wealth with people who don’t want to work at all? Seemingly, that goes against Biblical principles. If the rich can create more jobs using their existing wealth, wouldn’t having a job be better than not having one?

There are rumors of a “debt jubilee”. Frankly, I don’t see a federal mandate wiping out all of our debts so we can start over and those who found advantage with it will party like it’s 1999 and spend themselves into oblivion again. That too is a vicious cycle promoted by the status quo, which will never permit a debt jubilee, done through Executive Order or not. The banks cannot be harmed and the banks have so much influence over the Status Quo that if they were harmed through massive debt forgiveness, they would retaliate in such a manner that would indeed cripple this country. I wouldn’t be a bit surprised if the banks funded an EMP strike on the United States so we’d all be back in the Stone Age, given the banks’ behavior in the foreclosure process that’s happening now.

SATURDAY, OCTOBER 24, 2020

It’s interesting to note that our Foreclosure Defense 101 Workshop falls within this alleged “10 Days of Darkness”. It’s scary to think that at a point in time in the future, the banks are going to come after tens of thousands of homeowners (as much as landlords are going to come after deadbeat tenants) and force them out of their houses, hook or by crook. It’s the “by crook” part I’m worried about because of securitization and the resulting lost or forged paperwork to “patch things up” to make the banks’ stories to the courts more plausible.

I chose to hold this workshop BEFORE the November 3rd for good reason … because of the uncertainty in the shift in political climate following the election cycle, which could turn into a menstrual cycle (a blood bath) of monstrous proportions if the Status Quo gets riled up enough to cause more civil unrest … another uncertainty. This is why more and more Americans are stocking up on guns and ammo. I suggest caution before action here. You can only defend yourself using lethal force if your life is threatened to the point of furtive action by your assailants. Many states do not have laws like Florida’s “Stand Your Ground” law and there will be hell to pay if you “step over that line” in trying to protect yourself or your loved ones.

DISTILLED DISINFORMATION

At this juncture, there are very few media outlets that are reporting the truth … all are fear mongering, speculating, accusing and tainting the narrative with all sorts of watered down mischaracterizations of our current scenario. We are not bound to believe any of it, whether it be forced mask wearing, which has been found to cause more cases of COVID than not, or whose got their hands into what country’s pockets. Do you actually think that staying home and not voting is going to make a difference?

I can tell you with a certainty that NOW more than ever, your vote matters. Look at the facts of each issue and research them for yourself. Don’t make snap decisions based on the false narratives pontificated over mainstream media. Frankly, you don’t know whether Deep State is behind the diatribe or not. Look at the bright side, the number of independent voters out there have already made up their minds whether they want to get dinged for higher taxes in the future or whether they liked the way the economy was before COVID-19 hit.

Recognize also that COVID-19 is a biological weapon, created in a lab for the purpose of destroying our economy so it could be used for political gain. It’s pure and simple biological warfare. There’s no getting around it. Most of America will survive it, mask or no mask. Social distancing or no social distancing. It’s still a biological weapon and the United States was playing with this in the labs at Duke University at Chapel Hill and shipped it off to China to be further “toyed” with, along with $3.27-million of our tax dollars.

The NIH (Fauci) was involved in this transaction. A Chinese virologist has admitted COVID-19 was created in a lab. Screw the seafood market theory. China knew about this weapon and what it was doing to its own population back in October of 2019. It was hidden from our President and America as a whole. It was unleashed with the intent to create economic and political turmoil … and we all let it succeed … led by our fearmongering politicians, many of whom overreacted by shutting down our economy, for which the President had no direct control. Yet people still blame him for the shutdowns? You see, this is where America became a nation of fear and not addressing these issues logically. Half the country still cowers in the corner over this whole thing, in denial that blame shouldn’t be placed where it deserves to be placed … the NIH and Wuhan.

If you think for one minute that 10 more days is going to make a squats difference here … you are still feeding off the fears created by Deep State. These bureaucratic factions want complete control over you and your life. Please reference Georg Hegel’s work. Here it is in its simplistic form:

Step One: Create a problem – Create the notion that a problem exists, blow it up out of proportion, even if the actual outcome is less than what it is purported to be. Then, use the problem to scare the shit out of the masses.

Step Two: Publicize the problem, create opposition to it, create turmoil in the public by offering multiple scenarios to confuse the masses so they all turn against each other – Relentlessly place stories about this problem in the major media outlets. This has happened as the result of the COVID-19 scare. The news media has made it their political agenda to place blame on President Trump in support of the liberal left, who want to take control of YOU and your person. It’s the steady drumbeat and a truism for the public who then begin clamoring for a solution to this problem.

Step Three: Offer a solution – TA-DA! The best solutions are those that appeal to the emotions of the public and make them think something really good is being done for them, when in fact, something really bad is being done to them. This solution is one that the public never knew it needed until the conditioning of Step Two was successfully completed. In this case, it’s the vaccine! And we have no idea what’s in it, even if the President has promoted it as safe. If the drug manufacturers are being held harmless (you can’t sue them if it kills your family member) from all legal liability, then why should we think it’s safe? Let Congress take the vaccine first. If it’s that great and they’re all still alive in six months, then it’s okay for everyone else to take it, so long as it’s the same vaccine and not some Manchurian Candidate shit. Deep State is in bed with the technocrats who want to use AI technology to monitor your heart rhythms and regulate your existence!

A DAY OF REASONING … NOT RECKONING

A majority of Americans surveyed (multiple times) have indicated they will not accept the vaccine … for a number of reasons: (1) they don’t know what’s in it; (2) they think that they’ll be injected with strains of COVID, HIV or malaria; (3) they think Deep State and Gates have factored in a biochip, where the “new and improved” 5G networks can be used to regulate our human physiology and even cause our bodies to shut down (instant heart attack and no one is the wiser); and (4) they flat out don’t trust the government and anything it stands for, even if they did get a flu shot before.

The media, especially those talking heads that are full of themselves, would like you to believe that they’ve got the answer. In fact, they’ve become the problem. Nothing they say can be trusted because it’s all based on their opinions, lightly seasoned with watered down facts to make it more palatable. Ours is not to question why? Seriously?

WHAT FOLLOWS NOVEMBER 3RD ISN’T GOING TO BE PRETTY

If you want to look at America’s “dark side” wait until after the elections.

One certainty is this … in short order, there will be a severe uptick in foreclosures and evictions and the economy will be thrown into another state of political turmoil.

But look at the bright side … if you or someone you know could fall victim to foreclosure (or face eviction as the result of foreclosure) … here’s a simple way to delay foreclosure (“buy time”) so you can execute on Plan B:

FORECLOSURE DEFENSE 101 WORKSHOP

10 Days of Darkness? Really? Someone turn on a light.

Time for a reality check.

Leave a comment

Filed under OP-ED

WHEN THE NEXT “CRASH” HAPPENS …

(BREAKING NEWS – OP-ED) — The author of this post is republishing a video done by Greg Hunter with Ellen Brown (an attorney and an advocate for public banking) who I have been on the air with.

Take away from this video as you wish, but one of my readers who alerted me to it got the chills when she saw it because Brown’s comments align with several other sources who are confirming the same thing.  Watch the video (22:21) and do the math:

ELLEN BROWN

MY THOUGHT PROCESS … IT’S NOT “DOOM AND GLOOM” … YET!

There is no doubt that this current “crisis” we’re in has us all in a state of confusion as to what to expect for a final outcome.  This is why I spend a lot of time doing research and talking to people about likely scenarios in the event of a cyclical crash. The last major one was in 2008 and between 2009 and the beginning of 2015, there was a huge collateral grab of over 10-million homes in America.

Everything that has happened since 1999 (when the Glass-Steagall Act was repealed) has led up to this mess (where we are now).  Even if we recovered from the 2008 debacle, there is more to come because all of Congress (the folks you put your faith in that keep making promises that your future will be better) has done is “kick the can down the road”.  Congress keeps spending money … and spending money … and spending money … money it doesn’t have.  They borrow it … and borrow it … and borrow it … and the merry-go-round has to stop sometime.

Congress allowed the banks back into the securities markets and Bill Clinton signed off on it.  So the next time you put your faith in your elected leaders, let’s bring this “home to mama”.  Brown makes a statement after being asked to predict when the next crash would happen and made reference to 2015 and her interviewer mentions Barack Obama, which means this video could be a prediction of at least our worst fears of things to come (as it was recorded some time before 2015).

This is a big gamble for over half of U.S. consumers.  There is no argument that we have a fractionalized banking system that gambles with virtual, fiat money on ratios that are (IMHO) way too far outside of what I’d consider smart banking. The FDIC, a corporation which insures every depositor’s account up to $250,000, does not have the reserves to cover all of the depositors’ money, which basically implies that we could be facing what happened in the Great Depression and in Cyprus in 2012.

Every time there’s a crisis (and you can’t argue with me here), everyone demands that our government “do something” to “fix it”.

Fix what?  

We have been conditioned to believe that in order to “fix” things, we just throw money at whatever crisis comes our way and make it stop.  Unfortunately, with the undisciplined behavior continuing to plague America (more than just essential travelers that continue to migrate about for non-essential behaviors), this current “crisis” (based in more than just a common cold thanks to China) is several months from being “over” enough to safely come out of our homes and there’s still no guarantee that it won’t fester up again (into another pandemic). We will still have to think “social distancing” when we’re out and about and most of us will have learned to make our own hand sanitizer and face masks by then.  For at least the next year, plan on making those two things or getting a supply of them at the ready.  One of the conditions we will face is limiting our travel and public exposure.

Congress passed the stimulus package ($2-trillion) and loaded it up with pork (and we let them get away with it).  

If the average person on the street asked where the money was going to come from, they’d have no idea because most of America does not understand finance and derivatives.  They may teach this stuff to MBA’s in college, but the average “Joe” has to learn by experience.  In the last “crash”, over 10-million families were displaced.  Investors were displaced. The economy was upset to the point where tens of billions of taxpayer dollars were “thrown at” THAT crisis in order to make it go away.

This corona-crisis was not of our own doing. However, the same results occurred.  Many of you think this is another “stab” at population control.  But most of you wanted the government to do something. right?  That’s the “conditioning” I’m talking about here. You point fingers and assess blame at everyone and everything, no matter what.  This is where our two-party system has failed us.

After 9-11, another crisis which many think was manufactured as a “false flag” by our own government, we all bleated that we wanted to be more “secure” and the government gave us the USA Patriot Act (without reading it before they passed it).  When a crisis occurs, people think Congress can fix whatever ails the country.  As you will learn in this lifetime (I believe), this Congress cannot fix a Cypriot-style bank raid.

Running to your banks right now and draining all of your money out of it (bank runs) will only precipitate more panic. Having one-month’s worth of funds in your account in M2 (checking) to pay your bills (as Ellen Brown recommends in the video) is only smart because we live in a system we allowed to be created by Congress.  Congress repealed the Glass-Steagall Act and made our futures even more riskier than it was before the Great Depression because we didn’t have the size of population then that we have now.  If and when a panic of this magnitude should occur, it is likely that people will be blowing up Congress’ phone lines demanding an immediate emergency resolution from the very banks that cleaned out our life savings.  However, Congress is the entity that passed the Federal Reserve Act in 1913 and allowed private banking entities to control our economy using a fractionalized, fiat system of “legal tender”.  Ever since then, this country has been plagued by cyclical crashes.

There is not enough “cash” (M1) in circulation to cover this nation’s debt.  M1 (currency) is issued by the U.S. Treasury in the form of a “Federal Reserve Note”.  What is a note?  (a promise to pay)

Pay when? 

When the American consumer loses faith in the banking system in this country and loses faith in the dollar, everyone will realize what “they’re on the hook for”.  American consumers who have money in banks are at risk.  They always have been.  Did you read the checking account rules when you opened your account?  All deposits become the property of the bank.  That means if the bank closes, you lose what you have on deposit. This is why we should never keep more than one month’s worth of debt obligations in our checking accounts at any given moment.  Those who are living hand to mouth will not feel a “cash drain” as much as those who have large amounts of money stashed in multiple accounts in the banking system.

If you’ve read the FDIC’s rules, it may insure up to $250,000 of each deposit account, but it doesn’t have to reimburse you every penny you lost right away.  In fact, with the hordes of consumers demanding their money, it’s likely you’ll be getting checks for $1 a month until you die or your deposits get reimbursed, whichever comes first. Some system of things we’ve allowed Congress to create for us, huh?

Many of us utilize M3 (credit cards) because banks can create credit card funding by securitizing all of the credit card accounts into derivatives. Those of us who maintain high credit card balances will naturally have a lower credit score because they put those derivatives at risk.  Those who use their credit cards responsibly have higher credit scores because they put the derivatives at less risk, especially when they pay more than the minimum payment every month.  Going all out in M3 when a crash occurs doesn’t hurt you directly because the derivatives are going to take the hit.  The investment markets will take the hit instead.  The insurance companies who have to bail them out when you don’t pay your credit card debts (because you’ve got no money to pay them with after the banks close) will also go broke because, like the 2008 crash, the insurance companies got caught in a derivatives “squeeze play”.

Bottom line here … those who are living on M3 right now are actually in a better financial position to survive this crisis because of fractionalized banking working in reverse.  We can always recover from credit extensions because we have bankruptcy courts that can deal with our “excesses”.  We can’t recover if all of our cash reserves are suddenly “seized” by the banks in order to “prop themselves up” during a crash.

Do we know WHEN the next crash will occur?   Nope.  But we know that crashes are cyclical and that another “crash” in coming, largely in part due to this current “crisis”.

What does China have to gain by “poisoning” America?

I can already anticipate a serious trade deficit if not a full embargo from the U.S. government.  Why would we continue to trade with the enemy?  Wouldn’t that violate a whole host of U.S. criminal codes?

I think most everyone agrees that China unleashed a “controlled viral scenario” on its people (as a test of what it could do to the rest of the world) … and contained them (to contain the spread to its own populations) while sending asymptomatic travelers packing to all points throughout the world, where they spread the virus, without informing the world of the harm it would be soon facing, in time enough for the rest of the world to shut it down effectively.  Imagine what would have happened had we had no warning at all?  The warning we got was two weeks late! Thank God it wasn’t two months late!

The problem we have with this “crisis” is that Americans refuse to let a “cold” interfere with their daily ritualistic “tasks” they are so accustomed to performing.  We are conditioned to the point where once that “comfort zone” is upset, we “lose our shit”.  We are not conditioned to “stay put” for long periods of time.  There is not enough law enforcement to control the flow of travelers who might be asymptomatic. Most of the public knows this.  There are not enough jails and concentration camps to hold all of the violators.  Thus, the government has to enlist our cooperation by being “good Americans” and staying home and tolerating this crisis.

There comes a point in time in everyone’s life when serious rationale has to kick in …

Call it Darwinism (survival of the fittest) … call it a “life change” … call it whatever you want. The state of affairs in this crisis is worsening because we are not doing enough to “contain it”.  We keep demanding of government and not of ourselves.  Our forefathers had to demand of themselves, otherwise, they wouldn’t have survived long enough to pro-create … and this is where we are today.

With this latest “crisis”, it appears that the bond markets in America have been “nationalized” by the Fed.  This too is a reality check because the Fed bought up municipal bonds, junk bonds and corporate bonds and treasury certificates.  It’s kind of like collateral to “cover the spread” of the amount of debt it just had to create (virtual debt rooted in M3) “out of thin air” (on paper) by an Act of Congress.

People where I live (in Florida) are now preparing for hurricane season.  So we’re in for a double whammy if a major storms hits us.  We would have-not only a corona-crisis but add to that a severe storm crisis, which could potentially displace a lot more than just the virally sick being cared for in hospitals.  Anything the likes of Hurricane Katrina anywhere in the U.S. could put an entire segment of the population (think of what happened in New Orleans’s 9th Ward) through a major catastrophe to the point where civil unrest is all but certain because people will be too distraught to sanely rationalize anything else but survival even if it means killing someone else for food, water or shelter.

Spend time looking at the entire scenario surrounding Hurricane Katrina.  Like this crisis, the government took too long to respond. With the lack of timely response, everyone is now pointing fingers again, starting with the media who is “creating controversy” and “fake news” to polarize America far worse than what the attempted “impeachment” crisis did.

The amount of casualties surpassed 9-11.  A lot of New Orleans law enforcement “bugged out” with their families (i.e., “Screw this! I’m not sticking around here and getting killed by this storm!”) and left the city with lack of safety support.  The Superdome turned into a rape center of feces and corruption.  Mercenaries had to be brought in to quell civil unrest.  People were shot to death.  Deal with that in your neighborhood.

If this worst-case scenario were to play out … the banks close … you lose all your money … you have no real “reserves” at home to pay for immediate needs with … your food supplies run out and the grocery store shelves are empty (toilet paper will be the least of your concerns) … your utilities get shut off … you start getting default notices from your bank on your mortgage … your insurance company denies your damage claim from a storm and you’re displaced all because you couldn’t pay your premium … are you prepared to deal with that?

Over 60% of Americans are not!

Just look at the current crisis and see how you’re holding up.  Now factor in the variables I just talked about in the last paragraph and re-evaluate your scenario.

We as Americans can no longer afford to “kick the can down the road”.  This will come back to bite us … and it will hurt. Take whatever precautions you can and be “the responsible one”.

The life you save may be your own.

BTW … HAPPY EASTER!

 

 

1 Comment

Filed under BREAKING NEWS, OP-ED, Securitization Issues

FIFTH U.S. CIRCUIT RULES FHFA UNCONSTITUTIONAL!

BREAKING NEWS — OP-ED — This just received out of New Orleans … 

Collins et al v Mnuchin et al, 5th App Cir No 17-20364 (Jul 16, 2018)

The 5th Circuit Court of Appeals denied damage awards to three investors who claim they lost money as shareholders in Fannie Mae and Freddie Mac due to the toxicity of the 2008 mortgage markets and challenged the constitutionality of the Federal Housing Finance Agency.  The Fifth Circuit failed to award damages (as expected) to the investors but ruled that the FHFA, by its very structure was unconstitutional due to the way it was structured to act as a conservator for the two GSE’s and thus violating the Separation of Powers Clause.  You can bet that the FHFA will appeal this ruling to save its own ass.

As you recall, the CFPB met similar fate in a ruling issued by a federal judge in New York.  The ruling is here:

CFPB et al v RD Legal Funding et al, U.S. S.D. NY No 17-Civ-890 (Jun 21, 2018) 00890-Order

Why doesn’t any of this surprise me?  This is why we need public banking.  The U.S. Government has set up legislation to protect the banks under 12 U.S.C. but it shows a poor example of financial leadership when its own GSE’s operate without transparency, hiding behind a wall of assignments and secrecy in the land records.  Most people recognize that when you put money into an investment vehicle, you risk losing it, which is exactly what happened to the three investors who sued Fannie and Freddie through the FHFA.

Tough toodles on the investors, huh?  Why do people keep trusting that the U.S. Government is managed by sound financial policy when its own Congress is self-serving and bipolar in its very nature.  This is why we need public banking and to hell with the federal reserve.  We have one public bank (The Bank of North Dakota) that IS properly managed and is financially sound (which represents the interests of business and consumers in that State).   However, that being said, fiat currency is fiat currency and as long as we have Congress writing checks its body can’t cash, further driving us as a nation into debt, taxing its citizens into oblivion, using “Federal Reserve Notes” (promises to pay) as legal tender, this country is in trouble, because there’s nothing backing that debt.  We went off the Gold Standard in 1975 (thanks to Nixon).

Most people also do NOT recognize that Fannie Mae and Freddie Mac are administrators for their own REMIC trusts, despite the fact that when properties are converted by assignment and “alleged transfer” to a given GSE that it is likely that the actual REMIC it manages it never mentioned.  Thus, it raises suspicions that the quasi-government entities created to back the mortgage and housing markets are swindlers on paper!

MORE BREAKING NEWS — 

Tonight at 6:00 p.m. EDT, hear Dave Krieger and co-host R.J. Malloy on WKDW-FM Radio (listen live at kdwradio.com; click the LISTEN LIVE button and wait for the show to start) to discuss news of the day as well as what attendees are going to learn at this weekend’s Foreclosure Defense Workshop in Orlando, Florida.  What we’re teaching may shock you, but we’re talking “risk aversion” and this means something to state and local governments whose judges are ruling for banks using phony documents and making false misrepresentations through their legal counsel to steal property across America!  This is NOT for the pro se litigant, so don’t even try.  We have a “game plan” set into motion involving attorneys and specialized witnesses to do the “takedown” in open court!  This show is a MUST LISTEN!

7 Comments

Filed under BREAKING NEWS, OP-ED, Securitization Issues, workshop