Subprime
Loan Market Grows Despite Troubles Gold
Exposes the Dollar Report
of Special Findings to Date on Fannie Mae When
Our Dollars Come Marching Home EDITOR'S
COMMENTS Predatory
Lending, Predatory Central Banking, Walking out of the Columbia, Missouri Post Office Monday December 6, 2004, I just happened to catch the front page of USA Today with a story on predatory lending which caught my eye on the jaunt back to the 1970 Buick Electra 225 with the 455. USA Today is doing a series of essays on this subject and subprime lending. A FSO reader sent Mary Puplava, the webmaster, a link to OHFEOs special report from September on Fannie Mae, containing 211 pages in pdf. I then read the latest scribe of my favorite Congressman from Texas, Dr. Paul on gold, central banking, and the printing press. Predators take many forms. We have predatory and subprime lending, and insider predatory lending, insider foreclosure, and insider mortgage servicing fraud as well as plain mortgage fraud and realty valuation fraud. We have the combination of predatory monetary policy creating more money out of thin air and the predatory lies that prey on our ears by the central committee of the American Central Bank. It takes anywhere from $1.8 to $2 billion bucks of foreign capital injected into the US markets to float our boat in this Ponzi Shell Game -- when the music stops we are going to be in a heap of economic woe. Congressman Paul in his essay picks up on the 70% rise in the price of gold and the 30%+- decline in the value of the US Buck. He also makes some other observations which are pertinent to most Americans looking at the financial markets through rose colored glasses [Real estate as an asset price bubble, perhaps?]. In the OFHEO special Fannie Mae report pages i through viii are especially revealing on this predatory company which lacks transparency. Revealing, yes. Frightening? Yes! Criminal? -- only time will tell! I scanned through pages i through viii of the Executive Summary of the report. I wonder if Rhinestone Cowboy Sporkin has read the report? Dollar Problems or Dollar Wars -- where does the Buck stop in the game of $Russian Roulette? In the Benson essay linked above, I suspect our financial markets are sitting on a ticking time bomb. We've had the Elitists rigging the heavy metals markets for the past several years in order to float the boat on real estate which was heavily used to re-inflate Wall Street after the Year 2000 market crash, and after 9/11. Real estate is touted to be a safe haven to park one's cash. Seeing as how both our Federal Reserve Note money system and real estate are both debt backed instruments, parking money in both US FRNs and real estate given the relationship of real estate to all of the linked essays in this 4Rs -- I think I should prefer physical ownership in both heavy metal and a heavy metal rock band [INXS comes to mind]. We will definitely need someone to play a Swan Song when the music stops in this Financial Cakewalk! Hummmm.... Financial Cakewalk, or merely just $Russian Roulette when all those FRNs come home? Ole Bear, Editor © 2004 Ole Bear for Realty Reality |
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