This is the long answer as to why we are where we are--trillions of dollars have left our economy and while probably never come back.
Sixty Minutes did an article about the foreclosure crisis which did more to hide the truth than it told.... This article does not tell the whole truth. These foreclosures were part of a three part plan to shift the future of America. I have coined the phrase THE NEW URBAN RENEWAL to name this Plan.
Plan Step #1: To move about 50 to 75 trillion dollars from our economy to the hands of very few. First, please read Time Magazine for March of 2008 article by Janet Morrissey about Credit Default Swap Bonds. It explains that millions of sub-prime mortgages were designed to go up to 13% after two years. The stocks backed by these mortgages would lose ALL their investors their money. The Credit Default Bonds, as Morrissey writes, were based on the possibility of the stocks backed by the mortgages would go bad. They were modeled after municipal bonds which are guaranteed and insured. So, if a city goes bankrupt the Bond holders would have to be paid and would have to be paid at thirty times what they invested. This means that the trillions of dollars paid out by the Bond writers, which almost put AIG and all the other collaborators out of business. The amount of money shifted out of our economy represents the largest theft in the history of the world. That money will NEVER come back to America. Hedge funds buying Bonds to save Greece in the first round last year were guaranteed an 18% return—what investment in ANY American business will ever be able to pay those returns? Right now, hedge funds control every Cocoa crop in the work for the next ten years.
The impact over the world, all the bad mortgages backed stocks that the makers knew were going to go bad, cost stock holders all over the world billions. s failing. For every dollar invested in CDBS pays the holder 30-40 dollars. That means that a foreclosure of a $100,000 pays the CDNS holder $3,000,000. President Obama mentions this is his first Press Conference, but no one has reported on it except Morrissey. This process has not been stopped and its aims have been accomplished
Plans Step #2 To demolish and clear the thousands of acres of “Red-Lined” neighborhoods (Slums) to create, for banks, the largest land sell off in the history of the world. Since American investors know that they make little or nothing investing in American real estate, most of these acres will be sold to cash rich world citizens who need a safe and secure country to live and prosper. This will be their home while their own countries fall into chaos, oppression, and revolutions. The failed Lee-Schumer bill is the best example of this plan. The bill would have given almost unlimited visas to people from foreign countries who bought houses here for $500,000 or more with cash. The bill failed, but be assured; there are twenty other bills that you will not hear about that will accomplish the same purpose. This is at a time in our history when National Public Broadcasting’s show Need to Know reported last week that 33% of Americans are now living at or below the poverty level. Will this plan change that? No. Is it too late to change it? I think it is.
In conclusion, the plans laid by billionaires in America have succeeded. I am not the only writer who sees this. You should just read what Dylan Ratigan has said on deletion for the past month. He states that the plan actually took out “hundreds of trillions” of dollars out of our economy. The 75 trillion coming out of the fraud sub-prime mortgage plan was just part of a much larger and extremely successful plan that will change our future for decades to come. It will be up to you, now, to see if it can be reversed.
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Sixty Minutes did an article about the foreclosure crisis which did more to hide the truth than it told.... This article does not tell the whole truth. These foreclosures were part of a three part plan to shift the future of America. I have coined the phrase THE NEW URBAN RENEWAL to name this Plan.
Plan Step #1: To move about 50 to 75 trillion dollars from our economy to the hands of very few. First, please read Time Magazine for March of 2008 article by Janet Morrissey about Credit Default Swap Bonds. It explains that millions of sub-prime mortgages were designed to go up to 13% after two years. The stocks backed by these mortgages would lose ALL their investors their money. The Credit Default Bonds, as Morrissey writes, were based on the possibility of the stocks backed by the mortgages would go bad. They were modeled after municipal bonds which are guaranteed and insured. So, if a city goes bankrupt the Bond holders would have to be paid and would have to be paid at thirty times what they invested. This means that the trillions of dollars paid out by the Bond writers, which almost put AIG and all the other collaborators out of business. The amount of money shifted out of our economy represents the largest theft in the history of the world. That money will NEVER come back to America. Hedge funds buying Bonds to save Greece in the first round last year were guaranteed an 18% return—what investment in ANY American business will ever be able to pay those returns? Right now, hedge funds control every Cocoa crop in the work for the next ten years.
The impact over the world, all the bad mortgages backed stocks that the makers knew were going to go bad, cost stock holders all over the world billions. s failing. For every dollar invested in CDBS pays the holder 30-40 dollars. That means that a foreclosure of a $100,000 pays the CDNS holder $3,000,000. President Obama mentions this is his first Press Conference, but no one has reported on it except Morrissey. This process has not been stopped and its aims have been accomplished
Plans Step #2 To demolish and clear the thousands of acres of “Red-Lined” neighborhoods (Slums) to create, for banks, the largest land sell off in the history of the world. Since American investors know that they make little or nothing investing in American real estate, most of these acres will be sold to cash rich world citizens who need a safe and secure country to live and prosper. This will be their home while their own countries fall into chaos, oppression, and revolutions. The failed Lee-Schumer bill is the best example of this plan. The bill would have given almost unlimited visas to people from foreign countries who bought houses here for $500,000 or more with cash. The bill failed, but be assured; there are twenty other bills that you will not hear about that will accomplish the same purpose. This is at a time in our history when National Public Broadcasting’s show Need to Know reported last week that 33% of Americans are now living at or below the poverty level. Will this plan change that? No. Is it too late to change it? I think it is.
In conclusion, the plans laid by billionaires in America have succeeded. I am not the only writer who sees this. You should just read what Dylan Ratigan has said on deletion for the past month. He states that the plan actually took out “hundreds of trillions” of dollars out of our economy. The 75 trillion coming out of the fraud sub-prime mortgage plan was just part of a much larger and extremely successful plan that will change our future for decades to come. It will be up to you, now, to see if it can be reversed.
See More
