Lindsey Williams; 10 Elite Agenda Points To Happen In The Next Four Years

Lindsey Williams; 10 Elite Agenda Points To Happen In The Next Four Years

Lindsey Williams interviewing with Alex Jones on 12.4.2012 outlining ten agenda points that the global elite have planned out for the world in the next four years.  This is a very powerful interview and tracks with everything that we have been seeing with gold, the forced collapse of the dollar, the Federal Reserve buying mortgage backed securities, the District of Criminals’ usual Fourth Reich maneuvering, personal and commercial debt, student loan debt, and so on and so forth.  Years ago I wrote that the global elite through their banker tools are in the process of acquiring all the wealth of America including all property because the land underneath your house is what has real value (NOT THE GD HOUSE on a postage stamp).  Chaplain Williams covers this point extremely well.  I urge my readers to listen to the entire interview as he outlines the 3 factions at war currently (the global elites, an out of control pResident thumbing his nose at the elites, and a new renegade group of elites that are not bowing and scraping to the new world order), and how we, as regular ‘ol Americans are caught in the middle of a gunfight.  I personally say we take the fight to them without firing a single shot – move your money out of the big banks and financial markets, and change your tax status to exempt; take that money and pay off your debts.  Opt out of the NWO by only buying goods that you NEED and then only goods MADE IN AMERICA.  Cut these bastards off where they live; namely, their wallets.  Maybe readers can come up with more ways to financially choke the elite into submission to “We The People…’. (more…)

The Federal Reserve Manages The Decline (And It Does Not Have To Be This Way)

A daily dose of realism from Inflation.us; China dumping American T-bills, the Fed’s predictions for slower recovery requiring more stimulus and more monetization of the debt, foreclosures, etc.  Keep in mind that the entire stated purpose of the Federal Reserve System is to set monetary policy to ensure economic stability.  The same formula as the United Nations’ Charter is to establish an end to war and genocide…and both organizations were brought to you by the same progressives.

Fed Gets More Power, Responsibility

After fending off most challenges to its independence and winning new powers to oversee big financial firms, the Federal Reserve has emerged from a bruising debate on the overhaul of U.S. financial rules as perhaps the pre-eminent regulator in the sector. But that could only bring it added blame if things go wrong again.

Instead, the new law gives the Fed more power and a better tool box to help prevent financial crises. It will become the primary regulator for large, complex financial firms of all kinds, such as American International Group, the insurer which built a massive derivatives portfolio that regulators didn’t see until it was too late.

This isn’t the first time Congress has expanded the Fed’s role. After the Great Depression, it passed the Employment Act in 1946, charging the Fed with averting the huge unemployment seen in the 1930s. After the double-digit inflation of the 1970s, the Fed was formally given a dual mandate of promoting both price stability and maximum sustainable employment. In the wake of the latest financial crisis, the Fed is effectively being told to add the maintenance of financial stability to its responsibilities.

Chinese rating agency strips Western nations of AAA status

China’s leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings, accusing Anglo-Saxon competitors of ideological bias in favour of the West.

Dagong Global Credit Rating Co used its first foray into sovereign debt to paint a revolutionary picture of creditworthiness around the world, giving much greater weight to “wealth creating capacity” and foreign reserves than Fitch, Standard & Poor’s, or Moody’s.

The US falls to AA, while Britain and France slither down to AA-. Belgium, Spain, Italy are ranked at A- along with Malaysia.

Meanwhile, China rises to AA+ with Germany, the Netherlands and Canada, reflecting its €2.4 trillion (£2 trillion) reserves and a blistering growth rate of 8pc to 10pc a year.

Dominique Strauss-Kahn, chief of the International Monetary Fund, agreed on Monday that the rising East is a transforming global force. “Asia’s time has come,” he said.

The IMF expects Asia to grow by 7.7pc in 2010, vastly outpacing the eurozone at 1pc and the US at 3.3pc. Emerging nations hold 75pc of the world’s $8.4 trillion (£5.6 trillion) of reserves.

For more about “Socialist Party of France” member, Dominique Stauss-Kahn, hit this link.

Dollar Declines Most in 14 Months on Signs of Economic Slowdown

July 17 (Bloomberg) — The dollar fell the most against the euro in 14 months and dropped to the lowest level this year versus the yen as economic reports added to evidence that the U.S. recovery is losing momentum.

The greenback touched a level weaker than $1.30 versus the shared currency as minutes of the Federal Reserve meeting last month indicated policy makers trimmed their forecasts for growth. The euro rallied for a third straight week against the dollar before partial results of stress tests on the region’s banking system due on July 23.

“It’s really dollar weakness based on some evidence the economy is slowing,” said Vassili Serebriakov, a currency strategist at Wells Fargo & Co. in New York. “The economic indicators are pointing strongly toward slower growth in the second half of the year.”

Fed Minutes

Minutes of the Fed’s June meeting indicated that U.S. central bankers were concerned about lingering high unemployment and risks that inflation could decelerate further. If the outlook worsened, the Federal Open Market Committee would need to consider whether additional stimulus was appropriate, the minutes said.

For those that are interested in the Federal Open Market Committee (that’s a joke) Meeting minutes of June 22-23, 2010, go here.

AYFKM?  Now They Want To Help Homeowners?

AYFKM? Now They Want To Help Homeowners?

On the heels of  Bank of America’s new forgiveness program, Bahana C. Obama plans to ‘expand foreclosure prevention efforts”.

Are You Freakin’ Kidding Me?  Three years after the beginning of this mess, the Obama administration and the banks want to help?  This is all about protecting a bottom line that would go straight to the bottom of the Mariana Trench if Americans, en masse, just walked away from their underwater homes until the market resets itself.  Double bonus, though, guess who gets to foot the bill for Obama’s re-distribution of wealth?  $14 Billion in ‘red’ money will be used from the TARP program.

At some point, the peaceful civil disobedience of the American citizen will get the message through to the banks and corporations that THEY DON’T OWN US if we ain’t buying.  A national strike is looking better and better.

First Bank of America from this morning’s Palm Beach Post, Money section:

Bank of America has new ‘forgiveness’ program to help struggling homeowners

Bank of America Corp. will permanently cut up to 30 percent from home loan balances for tens of thousands of struggling borrowers under a new program that some predict will become industry norm.

The plan, announced Wednesday, was virtually unthinkable just months ago.

So taboo was the idea of forgiving principal amounts, that some lenders refused to comment when Ron Faris, president of West Palm Beach-based Ocwen Financial Services, promoted it as a solution to the continuing foreclosure crisis before a congressional committee earlier this month.

But with millions of Americans underwater on their home loans, and increasingly willing to walk away, bank officials said Wednesday that cutting loan amounts is necessary to reduce defaults.

“The banks have been reluctant to come to the reality that ‘Houston, we have a problem,'” said Michael Sichenzia, president of Dynamic Consulting Enterprises in Deerfield Beach. “It’s inevitable more banks will follow. The cost to administer foreclosures is growing exponentially.”

Bank of America, which estimates it has 1.5 million home loans that are 60 or more days behind on payments, calls its plan “earned principal forgiveness.”

To qualify, a borrower must prove financial hardship, be two months delinquent in payments, and owe at least 20 percent more on the loan than the home is worth.

The program targets the riskiest home loans awarded during the real estate boom including subprime adjustable rate mortgages and certain loans that have a fixed interest rate for the first two years before adjusting annually.

Under the new plan, which begins in May, a portion of the principal balance will be set aside interest free. That principal can then be forgiven over five years if the homeowner stays current on new lowered payments.

Obama Expands Foreclosure-Prevention Efforts

The White House will announce Friday an expansion of its foreclosure-prevention efforts to include reducing the mortgage loan balances for some distressed borrowers and giving temporary help to the unemployed, people familiar with the plans said.

In the latest overhaul of the year-old mortgage-loan modification program, these people said, the White House will announce plans to allow unemployed borrowers to receive sharply reduced payments—or a break from making any payments—for at least three months and up to six months. The revamp will also require banks to consider writing down loan balances as part of the formula for lowering monthly payments under the federal Home Affordable Modification Program, or HAMP.

In addition, the administration will introduce a program that uses the Federal Housing Administration to insure new loans for borrowers who are underwater, owing more than the current values of their homes.

Under that program, investors who reduce loan balances to 96.5% of the current property value would refinance borrowers into an FHA-backed loan. Investors would have to reduce first-lien mortgages by at least 10%. For properties that have second-lien mortgages, the program is designed to reduce the total mortgage debt to no more than 115% of the estimated property value. Banks that hold second-liens will be eligible for incentive payments if they write down those loans so borrowers can qualify.

To pay for the expanded program, the administration will allocate $14 billion in money from the Troubled Asset Relief Program that had already been earmarked for foreclosure prevention efforts.

An administration official said that the program adjustments were designed to “better assist responsible homeowners who have been affected by the economic crisis through no fault of their own.” The administration is trying to walk a fine line, offering more help to the most troubled homeowners without encouraging people who can afford their payments to default in the hope of getting similar treatment.

Nope, nobody has been saying for over two years now that a floor has to be put under the home market, we all just wanted the banks to get more money.

Are you getting tired of the dictator-in-chief appeasing everybody but the people footing the bill?

(H/T KG)

And You Were Lead To Believe The Mortgage Bubble Had Popped

And You Were Lead To Believe The Mortgage Bubble Had Popped

(Editor’s Note: While you watch these videos from 2008, think about what the Obama administration did or did not do to circumvent the coming waves of residential resets and commercial mortgage resets during his first year in office.)

Very few people, and none that I know, would be happy to be the bearer of bad news, but this might explain why Tea Party Patriots have been screaming “stop spending money“.

The second tsunami of the residential mortgage meltdown disaster is about to roll right over us and what is left of our wallets. Amazingly enough, it was covered by ’60 Minutes’ in December, 2008.

Whitney Tilson of T2 Partners explains the Alt A and Option ARMS that are going to reset starting this year and continuing through the entirety of 2011 into 2012.  This is one of many indicators I have been watching, and it is probably one of the reasons why the central bankers put one of their very secretive meetings on the calendar for this week in Sydney.

According to Mr. Tilson, the ALT A mortgages are valued at close to $1 Trillion, and the Option ARMS come in somewhere around $500-600 Billion.  Mr. Tilson expects that about 70% of these mortgages are going to default.  The continued credit freeze for average Americans will, more than likely, contribute to the defaults.

Part 2, Florida Foreclosure Row

What do we have to combat this? Obama, Bernanke, Geithner, Frank, and Dodd. Have you stocked your pantry and/or root cellar yet?

Bad Behavior has blocked 3115 access attempts in the last 7 days.

%d bloggers like this: