This is the end game guys. When we first uncovered evidence that the global credit crisis in 2008 was caused by acknowledgement among the cronies there are no mortgages in the mortgage backed securities, we sensed it was all part of a larger plan.
People have focused on the bailouts and are incredulous that the bad actors who stole $13 trillion in pensions and another $7 trillion from homeowners in equity and illegal foreclosures have not been indicted.
Well, I have a different point of view. I believe that the Federal Government is the driving force behind the seizure of private property and are using the banks as their agents. The banks get to keep their spoils and the Federal Government gets to keep the land.
As many of you who are investigating the identity of your true creditor now know, the Federal Government is buying up all of our mortgages, and burying the evidence.
The Federal Reserve KNOWS there are NO MORTGAGES to back the MBS. Why the hell are they buying $45 Billion in empty MBS per month?
Well, I’ll tell you why. The Federal Government plans to pay our sovereign creditors back with OUR property and public land.
Here’s an excerpt from a story in WND.com, “China Poised to Play Debt Card – for US Land
“Could real estate on American soil owned by China be set up as “development zones” in which the communist nation could establish Chinese-owned businesses and bring in its citizens to the U.S. to work?
That’s part of an evolving proposal Beijing has been developing quietly since 2009 to convert more than $1 trillion of U.S debt it owns into equity.
Under the plan, China would own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a U.S. government guarantee against loss.
Yu Qiao, a professor of economics in the School of Public Policy and Management at Tsighua University in Beijing, proposed in 2009 a plan for the U.S. government to guarantee foreign investments in the United States.
WND has reliable information that the Bank of China, China’s central bank, has continued to advance the plan to convert China’s holdings of U.S. debt into equity owned by China in the U.S.
The Obama administration, under the plan, would grant a financial guarantee as an inducement for China to convert U.S. debt into Chinese direct equity investment. China would take ownership of successful U.S. corporations, potentially profitable infrastructure projects and high-value U.S. real estate.”
Read more at http://www.wnd.com/2013/01/china-poised-to-play-debt-card-for-u-s-land/#ueiLySHQ19W9il2W.99
ThePessimisticChemist says:
I think they’ll tell the MSM that this is “the only way” to pay back our debts and that its “unAmerican” not to do so.
And then make uncounted billions while selling us out to the highest bidder while they retire to a life of ease in Latin America or SE Asia.
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21st January 2013 at 9:29 am
Thunderbird says:
This makes no sense at all. I don’t think the Chinese government is that stupid to fall for a scam like this.
Hot debate. What do you think?
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21st January 2013 at 10:02 am
Eddie says:
I’m not really seeing this…maybe I’m a little slow. How do foreclosed houses turn into the Chinese owning infrastructure and corporations? If the Chinese did trade the debt they’re holding for property, wouldn’t it still be all those thousands of underwater propertiesthat have never been marked to market?
I’d just like you to explain in more detail how this could happen, I guess. I don’t doubt the political class would sell out the rest of us.
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21st January 2013 at 10:04 am
TeresaE says:
I first brought this up back in ’09 or so. A few things led me to believe this very thing could happen.
1. Warren Buffett made a quote (’06ish?), where he stated (while talking about the debt, which apparently was bad – for him – under Bushie, but doubling down on it is great under O, but I digress) that (to paraphrase), “if the American people aren’t careful, they are going to wake up debt serfs paying taxes to both China and the US government.” When I first heard it I thought, how could that happen?
2. When the “subprime” (lie, was all, not just subprime) crisis “unexpectedly” hit and the government started buying the MAJORITY of all new mortgages, PLUS buying out the bad mortgages (thus owning them too) from the banks (TARP, etc.) PLUS continuing to allow the very things (low down-payments), plus artificially low interest rates which keeps property values artificially high (which even a government PHD should be able to see is bad for the American economy), it dawned on me.
When the day comes that China demands the money they “need” and are owed, our over-valued property is going to be the most valuable asset the government owns.
The government can package up our mortgages (thus the very ownership of our land, the crisis thus far should already proven to us that he whom hold the loan is the true homeowner) and trade them to China.
Which means we will have to rely on corporations owned by the Chinese, COMMUNIST, government, to honor our contracts.
Also, as we continue to bleed out our middle class, it means more defaults and the titles will AUTOMATICALLY be owned by foreigners. Whom can then (immigration reform anyone? keep your eye on that ball too) install Chinese nationals in our neighborhoods, schools, city councils, etc., etc.
We Westerners just do not understand the century old hatred that the East has for us. We think they want to be like us. Our hubris knows no bounds. They don’t want to be like us, they want to OWN us.
Our country is being systematically dismantled and distributed to the world.
Next up? Our bank-related savings and retirements.
I’ve made another discovery about a potential reason why so many choose to ignore what is happening. Inertia, fear of change, want to maintain is all bad enough. In the case of my hub, it is also that the man has ZERO creativity, thus he is 100% unable to SEE anything less than face value.
He believes what he is told by “experts” because he is completely unable to reason or logic any other answers. With no creativity, he is completely unable to see behind any curtain.
Thinking about that it dawned on me that many others I know that are refusing to connect the dots may just be mentally unable to do so.
Bank on it folks, our property (and our natural resources like farm land, fresh water, coal, oil, natural gas, etc) will eventually be traded off to the highest bidder – or loudest, most scary, creditor.
Right from under our children’s feet.
And the band plays on.
Thanks for this Mary, please keep trying to sound the alarms, I, for one, remain grateful to people like you (and Admin, to name but two).
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21st January 2013 at 11:12 am
Thunderbird says:
Which corporations and infrastructure would the Chinese get to own? The article doesn’t say.
The Chinese produce junk and get to sell it in this country; that is all it gets to do. As far a real durable goods and commercial products like industrial circuit breakers, pump systems, generator systems, and in general electro/mechanical systems, the Chinese are not in the picture. I even wonder who supplies the electrical systems that power Chinese industry? Is it made in America, Europe?
The Chinese get to buy our debt…that is all. They don’t get to participate in buying up our valuable industries and infrastructure. The thousands of underwater properties rotting on their foundations are not appealing to them. They are not stupid.
This article is real BS because it says nothing. I wish TBP would be more careful to post articles that really have substance.
Hot debate. What do you think?
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21st January 2013 at 11:13 am
TeresaE says:
Thuderbird, with all due respect, I think you are 100% wrong.
If it is any consolation, I think the powers that be are doing everything to assist you in continuing to think the way you do.
China is quickly overtaking us in all areas. They tell us what they spend on various things like defense.
They LIE. Our government lies to us, you can’t tell me that a COMMUNIST government doesn’t lie to us.
Warren Buffett, no less, WARNED us that our children will wake up one day paying taxes to both China and the US. Other than owning our land, just how would you think he would think that could happen?
The US government has spent the last five years buying every bad debt the banks can shovel their way. The US government has spent the last five years ensuring that the financial system is made the 100% true, legal, owner of our properties and mortgages and commercial notes. The US government has intentionally – and with MALICE – lied to us and kept many believing that debt is the way to prosperity while they strengthen the laws that enable our property to be transferred to the banks.
There will come a day when China wants some money back before (or as) it becomes worth less than the TP China currently supplies to us.
On that day, the US government has few choices as to get them out of their pockets. With the US government owning the very land beneath our beds and factories, just what do you think they would pay them off with? The “gold” in Ft. Knox? Don’t be so naive.
If China holds the mortgages, they own the land. As more and more Americans are forced into poverty, more and more land is going to revert to the banks – even if the bank is a communist government.
With O dead set on immigration “reform,” I’d not be so self-assured that this “couldn’t” or “wouldn’t” happen.
He whom own the lands, owns the natural resources. China is in GREAT need of natural resources (including fresh water and farmland).
I’m afraid, have been afraid, Buffett called it.
Sadly, there are too few that can see such things, at least until it is way too late.
On a happy note, our grandkids should be able to get field hand and house maid jobs for the foreign overseers big houses.
Just because NBC, or our trusted representative, hasn’t told us that this is happening does not mean it isn’t.
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21st January 2013 at 11:27 am
Persnickety says:
WOLVERINE!
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21st January 2013 at 11:27 am
Thunderbird says:
TeresaE: The Asians don’t hate us… they are flocking here by the droves to get in on the action. While the free shit army is wasting resources they are creating new resources. They may even be a force to save us from the socialism/communism that has been imported here from Europe.
You present no proof to back up your fears.
Hot debate. What do you think?
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21st January 2013 at 11:34 am
card802 says:
TeresaE,
Some people want specifics, they want to see the proof, they want to see the Chinese buying up business they need to see it in the main stream announcing the “facts” Well, we will never be told the facts.
Tell Thunderbird what happened right here in Michigan and the solar companies “sold” to China.
Bit by bit, America is being sold off to our debtors, they do not want our dollars.
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21st January 2013 at 11:38 am
Thinker says:
Keep in mind, China has at least 21 million young men who have no hope of marrying, due to their one-child policy and “gender selection practices.”
And the fact that 80% of Chinese are afraid to eat food produced there due to the rampant poisoning of the land and adulteration of processed food.
It’s not that hard to think of reasons why they would want to “cash in” the IOUs the U.S. government gave them. Ever think about what they intend to do with all those empty cities they’ve built and are keeping empty?
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21st January 2013 at 11:38 am
Persnickety says:
Yeah, I’ve been on a TBP vacation for a couple weeks. Mostly happier in that time, FWIW, but the TBP train-wreck is hard to stay away from.
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21st January 2013 at 11:54 am
sangell says:
Chou en lai once quipped to Nixon when Nixon was berating China for persecuting dissidents and refusing to allow them to leave, “How many do you want? would 20 million satisfy you?”. Given that the US was soon to experience the flood of illegal immigrants from Mexico and Central America Nixon might have been wise to have accepted Chou’s offer.
Of course China now has its own demographic problems and exporting 20 million of their young people to the US is not an option they would make so flippantly today but if we could offer FHA and GSE foreclosures to the Chinese government and have them sell these homes to Chinese citizens who would be given visas to come and work in the US it would certainly be a better option than having the US government turn them into section 8 housing for our underclass. I can think of no better way to revitalize foreclosure ravaged neighborhoods than to allow young Chinese couples to come and live in these home with the added bonus that we reduce our external debt to China in the process.
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21st January 2013 at 12:06 pm
Thunderbird says:
Teresa Says: “If China holds the mortgages, they own the land.”
This is simply not true. There is no allodial ownership of land in America by anyone except in allodium by the U.S. and State governments. The Chinese government would be subject to taxes placed on the land and all the government restrictions placed on the land. The land would only be titled to them just like it is titled to us. So you can put the above fear to rest.
“He whom own the lands, owns the natural resources.”
Again this simply is not totally true. Much land that is sold today cannot be mined for it’s natural resources. That option is eliminated in the title and in many government regulations that have been created to eliminate this option. Remember, the US and State governments are the entities that hold true allodial ownership of the land. What they say goes.
It is true that China is building a blue Navy but it is still far behind in it’s capabilities. Probably it’s nuclear submarines are becoming a threat but they have a long way to go to enhance their silent ability, so they are sitting ducks.
While the Chinese have a communist government the people are becoming free minded. Funny you are afraid of the Chinese communist government, while here the people are becoming more communist minded and supporting the development of a US communist government.
People immigrating to this country from Asia support free enterprise. In fact in China free enterprise is more free than in the US. What do you have to say about that?
And pardon me but Buffett is blowing smoke up your you know what. I think your fears are unfounded.
Hot debate. What do you think?
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21st January 2013 at 12:27 pm
Didius Julianus says:
The Chinese government expects the loyalty of all Chinese, even tose who are American and whose ancestors came to the US 100+ years ago. The FBI says that, among other things, in briefings it gives to those who go to China on business to caution them into being careful in what they say and what they bring (data wise) into the country.
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21st January 2013 at 12:28 pm
Thunderbird says:
card802 says: “Tell Thunderbird what happened right here in Michigan and the solar companies “sold” to China.”
Are those the same ones that Obama funded and went broke?
What will happen to China will probably be the same thing that happened to Japan when they started buying up all that prime property, resorts, and office buildings that went belly up. The bankers are really good at fishing.
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21st January 2013 at 12:38 pm
Thunderbird says:
Didius Julianus: That is what communist governments do. They learned it from the Soviets. Hound the people that got out and get everything you can from them. After WW2 the KGB had agents in the US working with lawyers to strip the assets of dead ex-patriots in probate cases. They said family back in their home countries were entitled to these assets. Then the communist governments took the assets and the families got nothing.
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21st January 2013 at 12:44 pm
TeresaE says:
Jeesh Thunderbird, way to not look behind the curtain.
If Chinese nationals own and occupy the homes/land, they will be voting – or at least BUYING – the politicians. Kinda like Walmart and McDonalds are doing today. He whom pays makes the rules. If they own it all, they will be paying, they will be making the rules.
The government has ALREADY changed laws to benefit the quick and orderly transfer of property rights from the buyers (us) to the lenders. You really believe our CONgress has inserted language keeping FOREIGN banks/lenders from gaining title? Did you know that the new financial regulation makes it ILLEGAL to sue the banks even IF they commit outright fraud to steal from you? Well, it does, and they now have the same immunity as the vaccine makers. Kill us, no problem, they can’t be held accountable for it.
You gotta start asking yourself some questions, questions like why there are HUNDREDS of TAX FREE zones owned by China within every state in the union? Did you know they do not have to pay ANY taxes? Or that the goods imported into these zones, or exported out to foreign buyers have NO taxes? Why are American companies and employees being forced to “compete” with foreign companies that are using our resources and operating within OUR borders today?
We are being sold out. I’m sure our powers-that-be ARE naive enough to believe they will be able to control the beast they have created, I’m also sure that China (and their “friends” around the world) are quite sure that they won’t be controlled by the likes of us. Or, as is more likely, they just think they will be able to continue to skim from the top after the face of America changes from us white-people that are clinging to guns and religion to faces of the world.
We, the US taxpayers, have ALREADY ante’d up BILLIONS to build factories on foreign lands. Now we are allowing foreign companies to buy the assets (and patents) of the failing, government-paid-for, energy start ups. Why is that? You don’t think that a government that is willing to indebt your grandchildren to give Chinese jobs and production, would be willing to give them their land too? You make me laugh.
As for property rights, I just don’t know where you get that info. In Michigan, land is sold and the legal concept/precedent is that you own it to the center of the earth. Natural resources can be split out from the land, but that can also be undone with the swish of a pen and (paid-for) vote by the local/state/federal powers that be. And, as is already being done, you don’t have to own the resource under you feet to extract it. Your neighbor can do that today.
I suppose you have neglected to notice that citizens don’t stand up to the Feds even AFTER said citizens vote to change their own laws. See California’s pot laws. California law allows it, the Feds are regularly entering Cali and shutting down legal businesses and throwing people in prison for violating Federal laws. I don’t see the do-gooder entertainment industry standing up and demanding that state law be followed. You won’t see it when they steal our land rights either.
I take it you don’t think China will be smart enough to receive full title when Washington proposes a trade of debt for land? Good luck with that. There culture looks out generations, our culture looks out a quarter/year at most.
Whatever. I know I can’t convince you to look beyond what you think you “know” and open your mind to the possibilities.
I leave you with one more thought. Had I told you two decades ago that our TWICE elected President would sign an order into law allowing the murder of non-convicted, non-charged, Americans I’m sure you would have told me that “I had no proof” of that. (though the writing has been on the wall a long, long, time) I’m sure ten years ago you would have thought me crazy when I pointed out that the Patriot Act would end up allowing Due Process to be thrown out.
Yet, here we are. Back in the 80s I warned people that failing to fight back and eradicate the drug seizure laws would lead to the government seizing any property for any reason. I was laughed at.
For giggles you should read the USDA law, or the Frank-Dodd law, or Obamacare, or the Bankruptcy Reform Act, or one of the dozens of O’s executive orders. They ALL advocate stealing our property for any offense they deem illegal. They ALL punish us the citizen harshly while empowering the corporation to fuck us up the ass.
Cripes. You so remind me of my hub.
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21st January 2013 at 1:20 pm
Llpoh says:
If you want to see some real theft, take a look at all of the laws that have been enacted to steal from the six million Americans living overseas. The laws are intended to make criminals out of each and every one of them, and the penalties are total asset seizure . These six million are largely unrepresented, and so make a very easy target.
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21st January 2013 at 2:55 pm
Thunderbird says:
TeresaT: The white race and it’s ideologies are dying out. In the cycle of the human condition the more things change, the more they remain the same.
I like the idea of tax free enterprise zones. I don’t like the idea of titled land… this is not land ownership. Black’s Law Dictionary, Revised Fourth Edition: Allodium. Land held absolutely in one’s own right, and not of any lord or superior; land not subject to feudal duties or burdens.
An estate held by absolute ownership, without recognizing any superior to whom any duty is due on account thereof.
When our American ancestors gave up their allodial property rights by letting their property be titled they doomed us all to become subjects of the state. After WW2 when Americans allowed the federal government to continue taxing their wages and using the money to grow the government they doomed us to what we have today. So why should I bother myself to read the unconstitutional USDA, Frank-Dod, law, or Obamacare, or the Bankruptcy Reform Act, or the Patriot Act?
We living today are living in the aftermath of what our ignorant uninformed relatives from the past allowed to happen. We are living in an age of insanity where laws are made from arbitrary decisions based on money and self interest (Uniform Commercial Code UCC,) rather than from morals and principles.
So how do you expect me to answer your latest post without delving into the insanity myself? There is no sane answer to your post.
The corporations, that is, the new informed persons of our republic now run the show. The people being no longer informed, are no longer represented. This is “the terror of the situation.” So in this dog eat dog world we live in the biggest dog gets the biggest bone. The best thing we can do is keep a low profile and stay out of the fray.
We can still live a good life if our ambition is to take only what we need and stay out of politics. This is what this country has to offer. And this is how the common Chinese play the game. Not a bad deal if you want to stay out of the insanity.
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21st January 2013 at 3:02 pm
Hotrod says:
We could propose giving the Communist Chinese the trillion dollar platinum coin in repayment. If that’s not enough we could make another one pretty quickly. Sounds like another SNL skit to me.
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21st January 2013 at 3:10 pm
card802 says:
Thunderbird,
Yes 123 Systems. What’s funny is Forbes Magazine agrees with Teresa. If China were to call in America’s debt, it’s End Game.
As stupid as our leaders are in washington, they know this. So maybe rather than default or inflate our debt away, our elected representatives will sell American business, toll roads, bankrupt properties, etc to pay down our debt as we know China no longer wants our dollar.
And I’m not so sure China will face the same debt problems as Japan. Japan has been in debt trouble for over twenty years, investors are dumping the yen as much as they want to dump the dollar. China, has one main gun. Their currency is manipulated (like ours is not) and if China were to get even a piece of the new reserve currency, which America is determined to lose, you will see new Chinese wealth created at an envious pace.
Not only did China acquire a solar company, they acquired our technology as well.
What a total waste of taxpayer dollars and American effort.
“Superior battery chemistry, which was to be a U.S. competitive advantage, is now theirs. But why are we surprised?
The Chinese have all the money in the world, and if they ever called the loans they have out to the U.S., the global economy would stop, and our nation would be in foreclosure. The Chinese are intelligent, industrious, products of a superior, disciplined education system. They are, despite the occasional misleading “Commie” rhetoric, old-fashioned capitalists, producers, investors, traders, designers and engineers.
They are a lot like we used to be.
If we can’t get our act together soon, the country will “go Chinese” company by company, institution by institution, industry after industry. There will be no need for a military conflict against an overwhelmingly superior force: the Chinese will simply buy the country, a little piece at a time. And we seem happy to let them do it!”
http://www.forbes.com/sites/boblutz/2012/08/08/a123-goes-chinese-will-washington-learn-it-cant-mandate-a-market/
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21st January 2013 at 3:35 pm
Persnickety says:
Not often that I agree with Tbird but he’s making a lot of sense here. A few things:
1) Allodial title is a concept basically unknown in the US. It means that you buy land, you may or may not have a ONE-TIME tax payment on it, and then you own it FOREVER. No annual property taxes that must be paid or else you lose the land. You own it outright. What we have in the US is “ownership” that is basically rental from the local taxing authority. You own a lease that you can transfer to another lessor.
2) Unless our pols are incredibly stupid, I don’t see the Chinese getting permanent untaxed ownership of land. If their land is taxable like all other land (excluding governmentally-owned), then lots of us may be screwed, but it isn’t a complete sale of equity to others.
3) The US and China are in a collapse race. China’s future looks a lot dimmer than ours (and that’s saying something). 20 years from now China will be what Japan was in the 1980′s: an unstoppable world-conquering juggernaut that wasn’t. To paraphrase RE, China is doomed, DOOMED, DOOMED!!! Name one successful empire or global power in history where the things its elites cherished most was foreign residency and citizenship for their children.
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21st January 2013 at 3:57 pm
IndenturedServant says:
Funny you mention this Mary. My brother who lives in Boise tells me the Chinese already own part of the Boise airport or property immediately adjacent to it and they are running business activities out of there. I’ll give him a call and find out more about it. As I recall, this happened two or three years ago.
Maybe it’s the Chinese who want us disarmed?
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21st January 2013 at 4:43 pm
Persnickety says:
@IS: Several weeks ago one of the major Chinese newspapers ran a prominent editorial that the US should outlaw guns. So, yes, maybe the Chinese DO want us disarmed.
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21st January 2013 at 5:08 pm
Nonanonymous says:
Persnick, the Russian govt has stated the same, and those Russians who know better have stated, under no circumstances allow yourselves to be disarmed.
Mary, the chinese will learn when you make a deal with the devil, there is hell to pay.
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21st January 2013 at 5:43 pm
todd says:
restoring allodial character to your land requires you to restore your proper sovereign status. the allodial part is the easy part, getting your sovereignty back isn’t. the banking system stole your land, we surrendered our sovereignty by being stupid and lazy.
http://freedom-school.com/land_patents-allodial_title.pdf
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21st January 2013 at 7:51 pm
Hollow man says:
Fiat money is eventually wothless. They all know it. We had a good time on The Chinamans loans to us. Now he comes a calling for us to pay up. We will or do we want his warth? Think real hard. Where are most of our weapons internals made? What is China population. They about to say jump, we about to say. How high.
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21st January 2013 at 8:04 pm
Novista says:
TeresaE
I think you’re right. When QEternity arrived, I thought, WTF buying mortgages? Ah, of course, sequester the ‘other’ fraud. Subprime was a figleaf for the real problem of broken property law — I reckon the MERS crowd had it all planned from 1993 and, delicious irony, the vampire squids didn’t see the second layer of the onion — they thought they were bundling dodgy subprime mortgages into their derivatives, instead in the vast majority of cases, there is no title, thus no asset. None.
Those poor fool Europeans that claimed fraud of misrated mortgages in RMBS never understood what they bought was a pig on a poke without the pig.
Things started coming unstuck with Bear Stearns and despite fools shrieking “Glass-Steagall” the conventional wisdom was leverage. AIG was CDS counterparty risk. I don’t reckon anyone had looked behind the curtain until the effort to ‘save’ Lehman Bros. And that’s when the Wall St. crowd realized, as did H. Paulson, the Bernank, there was another layer of duplicity. Heh.
That’s why the scare the congresscritters on that weekend happened. Robosigning and fraudclosure ultimately was a way to hide the truth of mortgage hazard. But that’s all coming apart now that some states are hastily passing legislation to thwart foreclosures by scum who don’t even ‘own’ the houses.
When you find an example of just one tranche of 500 mortgages, in which 88% are tainted, you got to know how widespread the corruption was.
And maybe the Chinese know all this, too. They been playing Civilization a long time and not a Sim.
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21st January 2013 at 8:16 pm
Novista says:
P.S. heh …
http://www.youtube.com/watch?v=Pr3WE6iAhHg
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21st January 2013 at 8:16 pm
BUCKHED says:
Perhaps the Chinese should remember how the Japanese feared ” a gun behind every blade of grass “.
This will never happen…the folks in Washington would be hanging by lamp posts before dawn if they tried it !
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21st January 2013 at 8:17 pm
Hollow man says:
Buckhed, lamp posts should already be full of the creeps. They are not because of the common Americans lack of knowledge and caring. All we wnat s the next pleasure. That is what we get until we do not. Whch is going to be pretty darn quick.
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21st January 2013 at 8:30 pm
Hollow man says:
Its the keyboards fault.
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21st January 2013 at 8:32 pm
Mary Malone says:
Gosh, sorry I posted and ran. Just had the chance to log in and read the comments. Great conversation.
Thanks for articulating my thoughts so well TeresaE and Novista too.
I spend about 4 to 5 hours daily digging through mortgages, flagging the fraud and keeping up with case law, new legislation and reading GSE regulations.
At first, I thought the banks had bought off the pols. But when I really learned about MERS, I knew that it was not the case. This is cronie capitalism alright, but Big Gov is in the driver’s seat.
Property title in America is completely destroyed and it was orchestrated by Fannie, Freddie, Ginnie, The American Land Title Association, Bank of New York, Citi and HSBC. All charter members of MERS who purposely trashed 400 years of state property law. Big government and the Mortgage Banking Association worked hand in glove to obliterate title.
Ask yourselves – with title trashed, who benefits?
The Fed is devouring mortgages at breakneck speed and dumping them into Fannie, Freddie and Ginnie’s coffers. Once a mortgage is “purchased” by a GSE the ownership trail goes cold. It is nearly impossible to know where it travels from there.
Why would the Fed “buy” $45 billion in empty MBS? Not to prop up the public pensions. They did that already.
I don’t think it is such a leap to see how the federal Government, and the Fed will hand over the empty MBS to US creditors. I don’t.
This scheme is too big, too complex and too devastating to be tied solely to private interests. This diabolical plot was hatched by the Feds. The banks are just their tools.
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21st January 2013 at 9:19 pm
Persnickety says:
“And maybe the Chinese know all this, too. They been playing Civilization a long time and not a Sim.”
Yeah, they’ve been playing civilization longer than anyone besides Egypt, Mesopotamia, and an obscure part of Turkey… and what has it gotten them? Numerous changes of ruling group, borders, ethnicity, fortunes, etc… they are the poster child for having been at something a long time without much to show for it. The suddenly industrialized China that gives us boatloads of cheap crap has been a disaster for a large part of their population already, and it will be a disaster for more and more of their population as the environmental damage becomes harder to avoid.
In the West, Italy and Greece have BY FAR the longest history at playing civilization, and where are they today?
China probably has several aces up its sleeve. Sometime soon they will try to play them. It may at first look brilliant, but it will ultimately fail spectacularly for reasons that will be, in hindsight, unbelievably stupid. Bank it.
Just a sideshow anyway, the real conflict, which few recognize (though many here at TBP do), is really between bankers and honest people.
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21st January 2013 at 9:22 pm
TeresaE says:
1. Persnick, right on. The Chinese want us disarmed. One needs to ask themselves why a trading-partner would care to chime in on our Constitutional rights. I know why I think they are/have.
2. I love our hubris concerning China. They are not backwards, they are not ignorant and they own our asses. Amazingly, most Americans STILL refuse to see it. They make the bulk of our meds, process the bulk of our foods into processed foods (the only foods most Americans consume). They make the nuts, bolts, steal, dry-wall, plastic-tubing, computer chips, aspirin, etc., etc., etc.
With our own government enforcing more and more regulations on US businesses (thus shutting them down and gifting our jobs & money to China), while ignoring China, just what do we think is happening? They don’t “need” us much anymore. What they WILL need are our natural resources. Bank on it.
3. T-bird says, I like the idea of tax free enterprise zones. Glad you like it. Sadly, they seem to only be available to foreigners, minorities and mega-nationals. Just why do you think small business has gone from employing 75% of the non-government jobs to less than 40%, in less than a decade, no less? A large part of this are these specialty tax schemes. What part of a “free” market would allow such bullshit to continue? Either your tax structure is such that it does not hamper growth, or it is not. You cannot have it both ways and the insanity (and inherent unfairness) of these zones have come at a cost. Watch your local property taxes/fight about cops/firemen, this is where you really start to see the TRUE COST of “tax free enterprise” zones. Enjoy your cheap Chinese made goods while the cheapness lasts.
Allowing, hell, encouraging, the government (any government) to pick winners and losers, just-causes and no-causes, NEVER, EVER, EVER, works out for the middle class.
Contrary to all the fantasies, whitewashes and bullshit taught by the colleges and repeated ad-nauseum via the MSM.
Cripes people, wake up. When your creditor comes knocking you are forced to give him anything that retains any value. And while our property values have come down, they are still FAR above historic norms. Thinking only of the American-citizen-related sales prices/values, completely ignores the fact the Chinese may not be wanting the pastures and houses as much as they want the value below them.
Anyway, this is why we are FUBAR folks. The majority will set forth to “prove” the truth/reality is not happening which will end up silencing those that are trying to sound the alarm.
Guess I should start looking more seriously at the Rosetta Stone course on Mandarin. Wonder how they say, “thank you madame, will that be all?”
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21st January 2013 at 1:23 pm
Thunderbird says:
I smell something brewing and that is why the second amendment is being attacked. But the entire barnyard is up in arms and that is going to be bad for the pigs that run the gang.
Rule of law is coming apart in this country. Everyone can now see the corruption in Washington and the two facedness in our politicians. I am glad the idiots for gun control have thrown this issue in our faces. It is going to backfire on them. People are scared and are not going to give up their guns. The argument these idiots make for more control is totally insane and illogical. Listening to their arguments for taking our guns from us from the most vocal ones makes one think we are listening to someone from the lunatic asylum. And the more shootings we hear about the better because it is telling us that our safety is ultimately our own responsibility. And then what we hear going on in Mexico (brutal killings of the unarmed) because the people are forced by their government to be disarmed is another wake up call to arm ourselves. This is not just my opinion but the opinion of the people I know.
But getting back to China and the debt we have with them. The comments on this thread have enlightened me of our problems. But somehow I think our present government is fast falling out of the favor of the people and this is going to throw a monkey wrench into their plan. We had better build up our defenses in the pacific. And I have heard we are doing just that on Guam, the Commonwealth of the Northern Mariana Islands, and the big base we are building in Australia.
I think the people are going to speak out very soon in a way that will throw a chill down the spine of all those in Washington. I can feel it in my bones. This shit has gone on too long…
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21st January 2013 at 8:00 pm
Smoke Jensen says:
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Thomas Jefferson
Does it really matter what the color of skin of our debt holders is? No! Our politicitans will gladly hand over our sovereingty to those who would promise them safety and securety from those of us whom they have fucked over! You know, those of us who won’t turn in our guns.
Why do you think the ChiComs(In the interest of full disclosure my wife is Chinese-Hawaiian) are so interested in American disarmament? http://rendezvous.blogs.nytimes.com/2012/12/15/china-calls-for-no-delay-on-gun-controls-in-u-s/
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21st January 2013 at 10:37 pm
Dorkus Maximus says:
I don’t think anybody is going to get “paid back” in gold or real estate. These debts are payable in “dollars” and we can create “dollars” with a few keystrokes on a computer or the minting of a few trillion dollar coins.
I think the gov’t is accumulating debt with an eye towards a debt “jubilee.” Maybe Treasury will mints the trilliion dollar coins. Maybe they just hit their silly “reset” button and delete the records of the debt. Maybe they will convert the debt to wooden “tally sticks” and then set the building on fire like King Henry did – at least that would be a clever nod to history.
Sooner or later OPEC is going to want something of actual value for its oil. At this point people holding all these “dollars” are going to want to convert them into something tangible – then the dollars will flood back into the united states and drive the price of everything sky high.
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21st January 2013 at 10:19 am