US Bank Fraud making headway - William Black with Daylan Ratigan

[Deega]

Hi All Avalonians, Visitors,

Oct 25th, 2010, Daylan Ratigan interviewed William Black on the US Bank Fraud, hopefully, it will make headway to the people, and it might changed things.

http://dailybail.com/home/william-black-with-dylan-ratigan-there-is-bank-fraud-everywh.html

All my blessings.

Deega

[Jonathon]

I hope you are right and I hat to be a pessimist, however this smells of 'bank consolidation' to me. Economic false flag. Anyone remember the early 2006-2007 term 'sub-prime mortgage'... just a seed dropped here and there... then more and more and so on? Pure speculation on my part, however I don't think Amex and Goldman Sachs became banks in order to compete with the currently overcrowded sector. They are wholesale financial warehouses getting ready to drop 10 cents on the dollar for 'insolvent' bank assets. This 'bank/foreclosure fraud' seed is now dropping - will likely be the hot button term of the next 2 years and lead us (if all goes as planned) in to the next leg of the financial collapse. Regardless of where the movement started and as righteous as it may seem, it will be guided and used to serve the consolidation. I anticipate the 'end of the fed' movement will fit nicely into this scheme as well. Problem, reaction, solution.

The questions as always are: who is doing it and where did you hear about it? If it sounds like a benefit, realize 1) there is a cost and 2) there is inherent loss of freedom and personal responsibility.

[Deega]

I hope you are right and I hat to be a pessimist, however this smells of 'bank consolidation' to me. Economic false flag. Anyone remember the early 2006-2007 term 'sub-prime mortgage'... just a seed dropped here and there... then more and more and so on? Pure speculation on my part, however I don't think Amex and Goldman Sachs became banks in order to compete with the currently overcrowded sector. They are wholesale financial warehouses getting ready to drop 10 cents on the dollar for 'insolvent' bank assets. This 'bank/foreclosure fraud' seed is now dropping - will likely be the hot button term of the next 2 years and lead us (if all goes as planned) in to the next leg of the financial collapse. Regardless of where the movement started and as righteous as it may seem, it will be guided and used to serve the consolidation. I anticipate the 'end of the fed' movement will fit nicely into this scheme as well. Problem, reaction, solution.

The questions as always are: who is doing it and where did you hear about it? If it sounds like a benefit, realize 1) there is a cost and 2) there is inherent loss of freedom and personal responsibility.

Thanks Jonathan for your post, a few comments.

It looks like bank consolidation, I will add that this movement will cascade to something the financial might have trouble with, I can't name it, but we will see..!

As you said, we had the subprime, now the bank frauds, we did not yet heard about the "derivative", the "hedge fund", if I remember correctly, it in the trillions dollars, and it is spread around the World.

This financial trouble (derivative&hedge funds) will be in our ears in months to come and it may signaled big turmoil ahead, hypothesis here.

All my blessings.

Deega

[Jonathon]

Hi Deega,

Yes no doubt that trouble is looming. As far as where the bank fraud item started - a small movement (Patriot Movement) that began to steadily improve traction due to an influx of great minds disseminating information over time - this spread rapidly. The whole public system is based on a fraud of sorts. The central fraud being how money is created. To keep it short and sweet, money is created on your signature. When you sign the promissory note, you create an asset. That asset generates the public funds to pay the seller. In other words, the home (or other item) is paid for once the promissory note is issued. The bank 'loan' is a second transaction altogether - held together by a very loose contract that is skillfully written to lead you to believe the bank loaned you their money for the home. Title 12 of the US Code states plainly that the bank cannot lend you their money. They are simply a servicing entity - a pass through from the Federal Reserve to yourself. The Fed issues the public funds(Federal Reserve Notes) from the private asset (the promissory note), issues the funds to the bank, the bank pays the seller (transaction #1 completed) and then bank gets you to agree to pay it back... but they never gave you anything. The buyer exchanged an asset for equal value in public funds.

The bank can't foreclose #1 because they actually don't have an interest - at least not one paramount to the issuer of the promissory note (the "buyer"); then #2) they sold the note and can't provide the wet-ink signature original, therefore have no proof of ANY interest (not that the note would evidence any interest in the 1st place... which is probably the larger reason for not producing it). The foreclosures occur mostly out of the buyers ignorance of these facts... that and a quick contract called a 3 day unlawful detainer. Once the party agrees via silence or argument, an interest to foreclose is granted. The unlawful detainer effectively creates an interest and allows for liquidation of the home in a simple contract existing outside of any agreement or contract previous to it (basically a stand-alone).

Bah sorry that got into a long explanation. My REAL point (:p) is -- not unlike the tea party movement, which has apparently been turned into a big joke, the PTB have a way of hijacking the ideology and momentum of a movement and turning it in such a way as to serve their own needs... using their opponents strength against them. AAAAhHHAAhh Grasshoppah!! Once we relinquish the force and responsibility of these movements to 'news agencies', 'federal agencies' and/or other public servicing pawns, the very next moment we find they are being turned against us, fizzle out or plagued by provocateurs and demonized/lynched. This is why I see these things serving the bank consolidation (or other unknown plan). The very fact that these things make the news seems to show (based on my limited witnessing of it over my short years) that the roots of the various movements are beginning to rot, soon to be dug up and replaced with the 'new and improved' versions. And yes, I have also been hearing many seeds regarding the derivatives bubble and over-leveraged hedge funds. All that has to be done now, a la 1929, is a quick call in on the margin.

But what do I know...
I have no clue what's really happening.