[blahblahblah]

I can assure you that none of the plans we will see will benefit the stupid homebuyers that got in over their heads, except that they will be able to effectively rent their houses indefinitely. They will never build any equity, they will never own them. Here’s what will happen:

* Banks will get government to pay them for their bad debt losses. They keep the houses, effectively purchasing them with free money from the government.

* The banks will allow the overextended homebuyers to remain in the homes by extending the mortgage terms or doing indefinite interest-only loans. The “homebuyers” will get to stay in the house but most of them will never own it.

What is happening is the creation of a huge class of indentured servants beholden to the banking class, all financed with your tax dollars. Yes they will get to live in their McMansions, but they will be far from free.

The last thing the banker class wants is lower house prices! If house prices revert to their true value, many savers will purchase them and the bankers will be cheated out of large amounts of interest income. By keeping the houses in weaker hands they can ensure a steady stream of interest nearly indefinitely. This is only possible because the government is giving the cash to finance the operation.

100 years ago most homes were eventually owned by those who lived in them. 30 years ago, a lot of people paid their mortgages off before they passed away and their children inherited real property. Now, very few people will ever pay these houses off and they will remain in the hands of the banker class forever. Your tax dollars are going to purchase homes and give them to the bankers. They can rent them to “homebuyers” forever and earn interest, they never have to do any repairs (that’s the responsibility of the “homebuyer”). When one “homebuyer” passes away or can no longer make payments, it goes to the next “homebuyer” who will likely be in the same boat. It is pure evil genius.

Welcome to the USSA comrades. The TRUE FACE of your government is now becoming visible; it is not the president or congress or the courts, they are only the administrators. The banks run this show…

[blahblahblah]

I can assure you that none of the plans we will see will benefit the stupid homebuyers that got in over their heads, except that they will be able to effectively rent their houses indefinitely. They will never build any equity, they will never own them. Here’s what will happen:

* Banks will get government to pay them for their bad debt losses. They keep the houses, effectively purchasing them with free money from the government.

* The banks will allow the overextended homebuyers to remain in the homes by extending the mortgage terms or doing indefinite interest-only loans. The “homebuyers” will get to stay in the house but most of them will never own it.

What is happening is the creation of a huge class of indentured servants beholden to the banking class, all financed with your tax dollars. Yes they will get to live in their McMansions, but they will be far from free.

The last thing the banker class wants is lower house prices! If house prices revert to their true value, many savers will purchase them and the bankers will be cheated out of large amounts of interest income. By keeping the houses in weaker hands they can ensure a steady stream of interest nearly indefinitely. This is only possible because the government is giving the cash to finance the operation.

100 years ago most homes were eventually owned by those who lived in them. 30 years ago, a lot of people paid their mortgages off before they passed away and their children inherited real property. Now, very few people will ever pay these houses off and they will remain in the hands of the banker class forever. Your tax dollars are going to purchase homes and give them to the bankers. They can rent them to “homebuyers” forever and earn interest, they never have to do any repairs (that’s the responsibility of the “homebuyer”). When one “homebuyer” passes away or can no longer make payments, it goes to the next “homebuyer” who will likely be in the same boat. It is pure evil genius.

Welcome to the USSA comrades. The TRUE FACE of your government is now becoming visible; it is not the president or congress or the courts, they are only the administrators. The banks run this show…

[blahblahblah]

Our entire system depends on debt. Debt makes the banker class wealthy, and the banker class controls the government, so of course they will work to maximize our debts. Those of us who save will be penalized through currency inflation and taxes. Note the tax breaks for home buyers, this gives an incentive to go into debt.

Bottom line is if you are a saver, don’t expect the government to do anything to help you. The banker class hates you. The next thing they will do is to “fix” people’s loans in some sort of interest-only arrangement so that they can stay in their houses. This will keep people from selling and will help to keep a floor under prices. It’s a political win-win! They keep the prices artificially high and keep people off the streets. Of course the “owners” are little more than tenants but they always were. The only losers are us savers that had hoped to one day own our homes free and clear.

I’m starting to think that the smartest people of the last 10 years were the Mexicans who went and got 5 or 10 Matricula Consulars under phony names, bought houses under these false identities, withdrew as much cash as possible from each with MEW and then absconded with the cash down to Jalisco to buy farms. Pure genius! I wish I would have thought of that. And they’ll never get caught either.

Although I would like to own a home here, I am fully prepared for the case where that never becomes possible.

[blahblahblah]

Our entire system depends on debt. Debt makes the banker class wealthy, and the banker class controls the government, so of course they will work to maximize our debts. Those of us who save will be penalized through currency inflation and taxes. Note the tax breaks for home buyers, this gives an incentive to go into debt.

Bottom line is if you are a saver, don’t expect the government to do anything to help you. The banker class hates you. The next thing they will do is to “fix” people’s loans in some sort of interest-only arrangement so that they can stay in their houses. This will keep people from selling and will help to keep a floor under prices. It’s a political win-win! They keep the prices artificially high and keep people off the streets. Of course the “owners” are little more than tenants but they always were. The only losers are us savers that had hoped to one day own our homes free and clear.

I’m starting to think that the smartest people of the last 10 years were the Mexicans who went and got 5 or 10 Matricula Consulars under phony names, bought houses under these false identities, withdrew as much cash as possible from each with MEW and then absconded with the cash down to Jalisco to buy farms. Pure genius! I wish I would have thought of that. And they’ll never get caught either.

Although I would like to own a home here, I am fully prepared for the case where that never becomes possible.

[blahblahblah]

Our entire system depends on debt. Debt makes the banker class wealthy, and the banker class controls the government, so of course they will work to maximize our debts. Those of us who save will be penalized through currency inflation and taxes. Note the tax breaks for home buyers, this gives an incentive to go into debt.

Bottom line is if you are a saver, don’t expect the government to do anything to help you. The banker class hates you. The next thing they will do is to “fix” people’s loans in some sort of interest-only arrangement so that they can stay in their houses. This will keep people from selling and will help to keep a floor under prices. It’s a political win-win! They keep the prices artificially high and keep people off the streets. Of course the “owners” are little more than tenants but they always were. The only losers are us savers that had hoped to one day own our homes free and clear.

I’m starting to think that the smartest people of the last 10 years were the Mexicans who went and got 5 or 10 Matricula Consulars under phony names, bought houses under these false identities, withdrew as much cash as possible from each with MEW and then absconded with the cash down to Jalisco to buy farms. Pure genius! I wish I would have thought of that. And they’ll never get caught either.

Although I would like to own a home here, I am fully prepared for the case where that never becomes possible.

[blahblahblah]

Our entire system depends on debt. Debt makes the banker class wealthy, and the banker class controls the government, so of course they will work to maximize our debts. Those of us who save will be penalized through currency inflation and taxes. Note the tax breaks for home buyers, this gives an incentive to go into debt.

Bottom line is if you are a saver, don’t expect the government to do anything to help you. The banker class hates you. The next thing they will do is to “fix” people’s loans in some sort of interest-only arrangement so that they can stay in their houses. This will keep people from selling and will help to keep a floor under prices. It’s a political win-win! They keep the prices artificially high and keep people off the streets. Of course the “owners” are little more than tenants but they always were. The only losers are us savers that had hoped to one day own our homes free and clear.

I’m starting to think that the smartest people of the last 10 years were the Mexicans who went and got 5 or 10 Matricula Consulars under phony names, bought houses under these false identities, withdrew as much cash as possible from each with MEW and then absconded with the cash down to Jalisco to buy farms. Pure genius! I wish I would have thought of that. And they’ll never get caught either.

Although I would like to own a home here, I am fully prepared for the case where that never becomes possible.

[blahblahblah]

Our entire system depends on debt. Debt makes the banker class wealthy, and the banker class controls the government, so of course they will work to maximize our debts. Those of us who save will be penalized through currency inflation and taxes. Note the tax breaks for home buyers, this gives an incentive to go into debt.

Bottom line is if you are a saver, don’t expect the government to do anything to help you. The banker class hates you. The next thing they will do is to “fix” people’s loans in some sort of interest-only arrangement so that they can stay in their houses. This will keep people from selling and will help to keep a floor under prices. It’s a political win-win! They keep the prices artificially high and keep people off the streets. Of course the “owners” are little more than tenants but they always were. The only losers are us savers that had hoped to one day own our homes free and clear.

I’m starting to think that the smartest people of the last 10 years were the Mexicans who went and got 5 or 10 Matricula Consulars under phony names, bought houses under these false identities, withdrew as much cash as possible from each with MEW and then absconded with the cash down to Jalisco to buy farms. Pure genius! I wish I would have thought of that. And they’ll never get caught either.

Although I would like to own a home here, I am fully prepared for the case where that never becomes possible.

[blahblahblah]

Yep, that is very liberal financing. Sounds like a lot of the buyers don’t need it anyway since everyone is putting 20-50% down at least in the nice areas. But just more evidence that nothing’s really changed.

Meanwhile, in our little corner of the world money is getting harder to come by. One of the customers here in my office is requesting to change from Net 30 to Net 60 payment on our invoices. We’ll still be getting paid, they’ll just be holding on to the money a little longer. Just normal belt-tightening or a harbinger of doom? Only time will tell…

[blahblahblah]

Yep, that is very liberal financing. Sounds like a lot of the buyers don’t need it anyway since everyone is putting 20-50% down at least in the nice areas. But just more evidence that nothing’s really changed.

Meanwhile, in our little corner of the world money is getting harder to come by. One of the customers here in my office is requesting to change from Net 30 to Net 60 payment on our invoices. We’ll still be getting paid, they’ll just be holding on to the money a little longer. Just normal belt-tightening or a harbinger of doom? Only time will tell…

[blahblahblah]

Yep, that is very liberal financing. Sounds like a lot of the buyers don’t need it anyway since everyone is putting 20-50% down at least in the nice areas. But just more evidence that nothing’s really changed.

Meanwhile, in our little corner of the world money is getting harder to come by. One of the customers here in my office is requesting to change from Net 30 to Net 60 payment on our invoices. We’ll still be getting paid, they’ll just be holding on to the money a little longer. Just normal belt-tightening or a harbinger of doom? Only time will tell…

[blahblahblah]

Yep, that is very liberal financing. Sounds like a lot of the buyers don’t need it anyway since everyone is putting 20-50% down at least in the nice areas. But just more evidence that nothing’s really changed.

Meanwhile, in our little corner of the world money is getting harder to come by. One of the customers here in my office is requesting to change from Net 30 to Net 60 payment on our invoices. We’ll still be getting paid, they’ll just be holding on to the money a little longer. Just normal belt-tightening or a harbinger of doom? Only time will tell…

[blahblahblah]

Yep, that is very liberal financing. Sounds like a lot of the buyers don’t need it anyway since everyone is putting 20-50% down at least in the nice areas. But just more evidence that nothing’s really changed.

Meanwhile, in our little corner of the world money is getting harder to come by. One of the customers here in my office is requesting to change from Net 30 to Net 60 payment on our invoices. We’ll still be getting paid, they’ll just be holding on to the money a little longer. Just normal belt-tightening or a harbinger of doom? Only time will tell…

[blahblahblah]

I didn’t know the majority of the Democrats in Senates and house are closet Republifrauds. That includes Obama who voted for the bailout.

Certainly lots of people from both sides of the aisle voted for this travesty and they shouldn’t be excused for their actions. However, they were being threatened with Great Depression 2 and Martial Law if they didn’t. Here’s Senator Inhofe from Oklahoma telling a Tulsa radio station how it went down earlier this week. Also note that Paulson told Congress that the money would be used to buy up toxic assets and of course he did no such thing. Basically the Bankster mafia just shook us all down for protection money.

[blahblahblah]

I didn’t know the majority of the Democrats in Senates and house are closet Republifrauds. That includes Obama who voted for the bailout.

Certainly lots of people from both sides of the aisle voted for this travesty and they shouldn’t be excused for their actions. However, they were being threatened with Great Depression 2 and Martial Law if they didn’t. Here’s Senator Inhofe from Oklahoma telling a Tulsa radio station how it went down earlier this week. Also note that Paulson told Congress that the money would be used to buy up toxic assets and of course he did no such thing. Basically the Bankster mafia just shook us all down for protection money.

[blahblahblah]

I didn’t know the majority of the Democrats in Senates and house are closet Republifrauds. That includes Obama who voted for the bailout.

Certainly lots of people from both sides of the aisle voted for this travesty and they shouldn’t be excused for their actions. However, they were being threatened with Great Depression 2 and Martial Law if they didn’t. Here’s Senator Inhofe from Oklahoma telling a Tulsa radio station how it went down earlier this week. Also note that Paulson told Congress that the money would be used to buy up toxic assets and of course he did no such thing. Basically the Bankster mafia just shook us all down for protection money.

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