Dig it! Dr. Housing Bubble’s “Shadow Inventory Amegeddon” is a very slick piece

Dig it! Dr. Housing Bubble’s “Shadow Inventory Amegeddon” is a very slick piece

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Dig it. This link is to a very, very, slick piece. The whole article and its charts, right down to the pseudonym for the author. But its narrative is fallacious. Oh, I know it is what we are used to hearing, about how there is a stubborn glut of foreclosed homes that need to be brushed aside before the housing market can recover.  But the whole column in general, which for all I know is written by a bankster think tank, if not by one of its apparently mindless soldiers, actually serves to cover up a thoroughly evil agenda fostered by perverse incentives, an agenda that both American parties, the red and the blue, let’s call them the purple gang, allowed, so they would be re-elected by their bankster masters.

See, there wasn’t really that much of a housing bubble…  Not the way you heard it eh?  Well, then listen up to the reality of a few underlying facts.  First, the concept that reducing the foreclosed housing glut is a fundamental prerequisite to an economic recovery, is only logical so long as that logic stays alone by itself in a vacuum, a vacuum filled with brainwashed mainstream bankster controlled narrative. Sure, there were areas where developers overbuilt, and buyers who were not prudent, or those who were speculators, and so forth.  But there were also millions of unsuspecting American homeowners who worked hard, and did everything right, only to have the economic rug pulled out from under them by the most collasal fraud in world history.  Secondly, if the dollar had not been devalued over the last fifty years, then, the prices of American homes would not have appeared too high.

No, we didn’t just witness a housing bubble, and we are not viewing the stubborn remainder of inventory populated by deadbeat borrowers that need to be brushed aside in order to bring about a recovery.  Nope, there will be more foreclosures, and more so-called deadbeats to marginalize, and this worldwide economic crisis is not going to go away, as long as the central bank monopoly, by virtue of the vast sums of money it can move around, control legislators, judges, and the mainstream narrative, to remain above the law, and get away with originating loans, to people and to countries, that can never be repaid.

Government deregulation of bank monopolies, followed by the involvement of Bank of America, and the other major mortgage lenders, and Wall Street firms in an escalating scheme to populate and of necessity repopulate empty shell securitizations on the Secondary Market with fraudulently rated high yielding mortgage Notes; and the big bank’s creation of incentives, financial rewards and higher commissions offered to aid and abet their representatives to originate risky loan terms in order to fulfill the high yielding terms of the fraudulent securitizations, and the fraudulent sale of those too-good-to-be-true securities to national and international pension and investment funds and unwitting international banks, has been the fundamental factor of the worldwide economic collapse.

When history looks back upon what happened to the Eisenhower administration’s original structure of the Secondary Market, the engine responsible for America’s boom years, it may euphemistically reflect that the world experienced fallout from a “Subprime crisis” caused by deregulation, or a “housing bubble” caused by over-optimistic speculation and borrower fraud. There may be little mention that we have witnessed a pandemic breakout of unethical, immoral, unscrupulous and oppressive economic conduct, sanctioned by politicians, lawmakers, and their financial supporters behind the world’s most powerful central banks.

Meanwhile Wall Street, the banking monopolies, and a comparatively few very rich people, are making record profits and giving record bonuses to themselves, while millions of families are worried about having a roof over their heads or putting shoes on the feet of their children.  Many at the top of our United States government are still unwittingly complicit in covering up how the banks caused the economic collapse, because they are worried about alienating their contribution sources, and worse.  According to William K. Black, Senior Regulator for the Federal Home Loan Bank during the S&L crisis, and currently Professor of Economics and Law at the University of Missouri, the U.S. government’s entire strategy in dealing with the economic crisis is a massive whitewash.  “[They] don’t want to change the bankers, because if we do, if we put honest people in, who didn’t cause the problem, their first job would be to find the scope of the problem.  And that would destroy the cover up.”

In short, the so-called Bank of America and its international central bank partners are failing to learn from the mistakes of the past, which will condemn them, and all of us, to repeat the same practices, and undergo the same serial behavior, exacerbating the continued deterioration and future collapse of the economy.

We are not just dealing with an economic purgatory for the families who were trapped by the big banks duplicitous and outrageously fraudulent conduct, involving the herein described scheme of populating the secondary market, at any cost, with an ever increasing supply of unsustainable high yielding mortgage notes, often involving the switching and forging of loan documents in order conform them to the high yielding requirements of the securitization trusts, while the originating banks bet against those very securities once they rated them Triple A or Double A and sold them around the world.  We are dealing also with a full-fledged moral crisis, a cover up, and ongoing validation of unethical banking practices and crimes, with far reaching consequences for many who will be convinced to emulate the conduct of the banks that won.  It is a crisis bound to result in unprecedented ideological and political blowback.  It is a local crisis here in Los Angeles, and it is an international crisis, similar in characteristics but much greater in scope than so many previously orchestrated financial disasters, such as the 1857 national bank collapse that was the fundamental cause of the United States Civil War, and the reverse engineered financial collapse that made small numbers of people rich, created the Great Depression, and finally culminated in World War II.

It is vital to the California economy that citizens who were steered and tricked into unaffordable mortgages be allowed to make affordable payments and stay in their homes, instead of being pauperized during these precarious times.  But in the absence of lenders like the Bank of America modifying their ill-gotten Payment Shock loans, and the purple gang’s apparent unwillingness to actually compel them do so, it is up to the individual local courts, the courts of the people, to put a stop to the economic drain, and destruction of families, on a case by case basis.  The people of Southern California, and America, deserve such action as needed to coerce the Bank of America and its central bank partners to consider modifying loans that were deliberately structured to self destruct, and in appropriate cases, the courts ought to consider rescinding the loans of borrowers, when there is evidence of concealment, predatory lending or fraud.

Reprinted with permission from the author

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4closureFraud.org

Comments
23 Responses to “Dig it! Dr. Housing Bubble’s “Shadow Inventory Amegeddon” is a very slick piece”
  1. Ramon says:

    WAS THE TITANIC THE PROTOTYPE FOR THE USA??

  2. pamelag says:

    re:wakeup good song! like i say, let em laugh and have fun, the banksters lawyers judges senators liars and thieves party up cuz your day is coming!

  3. Equity Free says:

    Its almost 3 years to the day that Lehman Brothers was allowed to fail & we bailed out their partners in crime ,
    who in turn took their record compensation and continued their raping and looting of people around the globe .
    The ghastly , stomach turning results of the last 3 years are,
    Unemployment 9 plus % for…. no end in sight
    Millions of foreclosures & millions on the way
    Wages 30 years ago median 40K today 35 K
    Poverty in America highest level in 40 years
    50 million plus with no health care insurance
    50% of Fl home loans under water .
    Ferrari has record year in car sales ( 7000 ) this also shows how so few in general did well
    Common sense says rewrite loans to value and keep the ones who can, stay in their homes .
    time is running out !

    • lvent says:

      Equity Free…..My local media has reported today that the poverty rate in America is at its highest level in history…THIS WAS A HITLER PLAN,,,,,…I am sorry Equity Free but you are dead wrong about loan writedowns……These criminals committed massive fraud in our names and they never lent us any money….THE U.S TAXPAYER FUNDED THIS WHOLE PONZI SCHEME……WE PAID FOR THESE HOMES…….THE U.S GOVERNMENT SHOULD BE MAKING ALL OF THE CRIMINALS PAY BACK ALL OF THEIR ILL GOTTEN GAINS TO MAINSTREET AND THEN THROW THEM ALL IN PRISON!!!!!!!

      • Equity Free says:

        I only differ with you on one point , that is their plan , you are giving them way to much credit for planning this . They are not that smart , they are not to intelligent criminals who where driven by greed ,glitz and gluttony and a country who’s government chose not to do what was right . Arrest em

        Three years out and the western world’s economies are sinking faster than the dollar . If they could plug the leaks they would , again , they ain’t the sharpest tools in the shed, & the ship is listing badly . my 2 cents

      • lvent says:

        Equity Free…..To say this was just about greed is letting them off way to easy…….This is all about hording by the ruling elite…a plan for world domination……This was an evil plan by the ruling elite, who like to call themselves the New World Order, to steal everything from the people……including National Sovereignty….They rang us up with 40 trillion in collateral fraud and you think that was by accident???…I don’t expect you to believe me but you can do your own homework….the truth is out there if you want to find it…….The theory that is was all about greed kind of sounds like another excuse for failure of Government to do their job….. Kind of like the ridiculous excuse for the massive Government failure to protect the lives of 3000 people on American soil on 9/11 was a failure of imagination……
        Here is an interesting article I found tonight posted on the daily bail……..
        Chris Whalen and Bill Black Explain How Banks Got Away With Double & Triple Pledging the Same Mortgage To Multiple Buyers…..
        http://dailybail.com/home/chris-whalen-bill-black-explain-how-banks-got-away-with-doub.html

      • lvent says:

        Found another great clip from the daily bail:
        Federal Reserve Ponzi Scheme, inside job:
        http://dailybail.com/home/eliot-spitzer-the-federal-reserve-is-a-ponzi-scheme-inside-t.html

      • Equity Free says:

        I agree with all they have done & got away with so far, and agree they should be hung in the town square, but that few ruling elite, the NWO are in mainly western nations .China, India, Russia, Brazil, Argentina, Venezuela , the middle east countries & many more are fed up with the evils of this country . I think Chile is the last S American country that still cow -tows to the US . Most of these countries are democracies , their presidents were really voted in by the majority . We live in a Fascist
        country run by 1/2 of 1% of the people . They are not as smart as you believe . Their capitalist economy is eating their very own foundation , as we speak .
        I believe that if they started writing down principle & keeping some people in their homes ,it would start mending a broken country . I haven’t given up yet , nor will I .

      • lvent says:

        Equity Free, is that who you really believe the NWO is? WOW!!!! You really should watch this you video.. If it does not post you can yout tube search the title: The Black Nobility & Jesuit NWO (Full Length)

      • lvent says:

        Equity Free, here is one more important link that speaks about this evil plan. They have been planning this for a long time…….
        http://jahtruth.net/illumin.htm

      • Ramon says:

        NO ONE IS CONNECTING THE DOTS! THERE IS A COMMON THREAD RUNNING IN ALL ASPECTS OF THE WAR ON AMERICA!: DISRUPTIVE TECHNOLOGIES! IN NYC 9/11, THERE WAS:
        1)A ‘FAILURE’ IN THE COMMUNICATIONS SYSTEMS BETWEEN THE DIFFERENT RESPONDERS (NYPD, NYFD, ETC) BECA– USE THEIR EQUIPMENT WAS NEVER ‘UPGRADED’ TO TALK TO EACH OTHER!
        2)THE SYSTEMS IN PLACE TO NOTIFY THE AIR FORCE TO DEPLOY FIGHTERS TO INTERCEPT THE 9/11 HIJACKED JETS WAS ‘COMPROMISED’
        3)MERS! MERS! MERS!
        4)CORPORATE ACCOUNTING FRAUD.(REQUIRES DISRUPTIVE ACCOUNTING/INVENTORY SOFTWARE
        5)GOVERNMENT AGENCIES DO NOT SHARE THE SAME DATABASES. HOW MANY DATABASES DOES THE FBI — USE? HOW MANY DOES THE SEC — USE, ETC ETC ETC. CRIMES CAN GO REPORTED AND NEVER CONNECTED. THEY CAN INTENTIONALLY BE ‘BURIED’ DISCONNECTED FROM OTHER DATABASES.
        IN THIS DAY AND AGE THIS CAN ONLY BE INTENTIONAL! ITS MUCH EASIER AND CHEAPER TO DO IT CORRECTLY! ITS EASIER AND CHEAPER TO CONNECT THEN TO DESIGN ELABORATE FRAGMENTATION AND DISCONNECTEDNESS..
        HOW MANY WAYS DOES THIS MORTGAGE FRAUD AND COVER-UP (FORECLOSURE-GATE) REEK OF CONSPIRACY?, OF PREMEDITATED, CALCULATED ‘INTELLIGENT DESIGN’!

    • Vij says:

      Bollocks!! Your facts may be factual but conclusion wrong.
      EquityFree – No one forced people to buy at inflated levels or to take out Helocs & buy a boat etc. Could have rented & stayed on terra firma too.

      • Equity Free says:

        Vij@ the banks could have not invented the synthetic cdo in 2005 also , instead they gave loans to anyone, hell a bum knows a good deal when he see’s one . The lenders are who you need to watch.
        The Facts

  4. Readdocs says:

    Let’s not forget the seeds of this fraud were in the bill created and signed into law back
    in 1983. Then again its’ powers were expanded in 1993. Let’s not forget the issue of
    groups harassing banks into giving loans to those who could not fulfill the contracts
    they signed. Let’s not forget the attempt to idealistically level the ‘playing’ ground
    so it would be fair to rich and poor. The doors of fraud were blown wide open through
    these situations and now we’re seeing the reaping of what was sowed years ago.
    Mortgages should remain mortgages, not changed into something shifting moving
    into a new field of laws regulating it and no longer recognizable.
    All told the situation is dire and teetering on the edge of a precipice.

  5. lvent says:

    This is true, this was not a cyclical crisis but a manufactured crisis….to steal everything from the american people that the U.S. TAXPAYER FUNDED, AND PAID FOR…THIS IS A HITLER PLAN BY THE RULING ELITE..WHO — USES MIND GAMES TO TRY AND MAKE US “THINK” THEY OWN OUR HOMES WHEN THEY DO NOT AND ALL THEY DO AND ALL THEY HAVE EVER DONE THROUGH THE HISTORY OF THE WORLD IS LIE, CHEAT, DECEIVE AND STEAL THE WEALTH OF NATIONS AND THEN THE NATIONS THEMSELVES BY BANKRUPTING THEM WITH UNSUSTAINABLE FRAUDULENTLY INDUCED DEBT………THEY WANT TO STEAL THE WORLD VIA BIG LIES…..AND THAT INCLUDES THE UNITED STATES OF AMERICA….THE TRUTH IS, NO ONE I SAFE, NOT EVEN THE PEOPLE WHO ARE PAYING THE MORTGAGE OR DO NOT HAVE A MORTGAGE….THE RULING ELITE WANT IT ALL FOR THEMSELVES AND THEIR CRIMINAL FRIENDS AROUND THE GLOBE….THEY ARE NO MORE THAN GREEDY HORDERS AND AN ENORMOUS CRIME SYNDICATE OF THEIVES….

    • Vinny says:

      They can/will take your house even if you payed cash for it 40 years ago. They can/will do it because there may be loans(s) on your house! Loans originated/generated by a shadow racket of organized operatives using disruptive technologies (MERS, etc) that allow them to conceal their frauds. They can originate/generate loans on your house, unseen, then take the funds from the bank/lender and transfer it to a shell, off shore secret account. That loan may not be discovered for decades, when you or your heirs or those who purchased your house are foreclosed on! GET IT!? WAKE UP!

  6. Vinny says:

    The multiple pledging self dealing racketeering is now no longer discussed?. That is the crime!, and no one is any longer talking about it!. WHY?

    • Vinny says:

      Its not about rating subprime loans as prime. Its about counterfeit loans being created out of thin air, and taking the banks/INVESTORS money on a counterfeit loan and having that money payed to an offshore shell. Its about forgery, theft by deception, ID THEFT, money laundering, tax evasion, conspiracy, COVER UP. ON A GRAND SCALE. Its about there being many parallel shadow loans generated and sold off to many different unsuspecting/disconnected lenders on one property. Not the reselling of one loan, but the originating of DUPLICATE LOANS! With the cash from the bank being stolen and transferred to secret shell accounts. There appears to be a deeper and more perverse cover up going on!

  7. WakeUpAmerica! says:

    Sung to the tune of Neil Diamond’s “America.”

    TARP
    Received billions in TARP
    We take your homes
    You sleep in your cars

    Free
    We’ll get off scot-free
    Lawyers huddle close
    Then pay off the AG’s

    Own the Prez and now your place
    We’re Bank of America
    Stealing homes at record pace
    We’re Bank of America

    Homes, dump them back on Fannie Mae
    We robo-sign and that’s okay
    In the eyes of the courts
    In the eyes of the courts

    Loans, what we hold is toxic waste
    But mark-to-model is our case
    Makes shareholders feel warm
    Makes shareholders feel warm

    Accounting from the netherworld
    We’re Bank of America
    Our real books would make you hurl
    We’re Bank of America

    Gotta scheme not fair or square
    We’re Bank of America
    Turn your dreams into nightmares
    We’re Bank of America

    We’re Bank of America!
    We’re Bank of America!
    We’re Bank of America!
    We’re Bank of America!
    You pay! But can’t stay!

    My country disses me
    Today!
    Where’s justice and liberty?
    Today!
    To freedom we do cling
    Today!
    A pitchfork I will bring!
    Today!

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