by Marvin J Ramirez
Marvin Ramirez
Even though this is his last term, President Bush continues playing games with the people.
He works for the bankers who own this nation. Don’t forget that they print the money, not the government, since the Federal Reserve is a private corporation and which keeps a two-party system form of government that allows only a few allied to own the airwaves (CBS, ABC, Univision, Telemundo, etc) to tell us the story they wants us to hear.
With his speech showing that he is trying to help homeowners on the verge of foreclosure, he is now coming up with a solution, after he said, talked to the bankers, his real bosses.
President Bush outlined a plan which will help strapped homeowners save their homes, right!
But minutes after he launch his plan in the media, callers were told to wait until a counselor could answer their questions, according to an Associated Press news report.
“Only a fraction of the homeowners who face huge jumps in their mortgage payments appear likely to be helped by the plan, negotiated by the Bush administration, to freeze the low introductory rates on their subprime loans for five years. After that, they could be in the same position again,” says the article.
But what people don’t know is that they – the home owners – really don’t owe anything in their homes, because at the time they signed the promissory note, the house was paid off with it. All this is part of the banking fraud perpetrated on the people.
As an anonymous person online asks: What did my local bank lend me?
Answer: The real fact of the matter is that the banker deposited your loan papers (as money) into the bank, and then lent you the same value of your asset (credit application, promissory note, mortgage note) by simply depositing your asset and then lend you the same value of your loan papers. But only banks are allowed to do that. Is what some call, creating instant money.
Mr. Bush knows that, and he knows that the housing prices you see escalating so fast, to the point that make people to invest the last penny in their piggy bank, with hopes of making a fortune after refinancing it two years later, it was infl ated by the appraisers, according to recent news reports. So, the price is not real.
And the plan drafted by the Bush administration will work only for those privilege who have been able to keep their mortgage payments on time, not the ones who stopped their payments. And this started to happened when the banks refused to refinance at the beginning of the current real estate, subprime loan crisis.
