Friday, 19 April 2013

Mortgage Facebook Status

Fucking ludicrous, latest cuts by the spanish goverment...suggestions by members of parliament, that we should starve, in order to pay the mortgage, and shower in cold water to save energy and bills..... how much more out of hand can this get before people wake the fuck up and do something?


n. – admiration of a particular part of someone’s body

v. – to drink often; to eat and/or drink noisily

n. – a tax on salt

n. – a platform of a staircase where the stair turns back in exactly the reverse direction of the lower flight

v. – to pawn or mortgage something

adj. – pertaining to breakfast

n. – fear of failure
(This is the last word that someone with kakorrhaphiophobia would want to encounter in a spelling bee).

n. – loudness and clarity of enunciation

adj. – having a good sense of smell

n. – the day before yesterday

adj. – uttering few words; brief in speech
(If you had to figure out how to use this word in context, you probably wouldn’t say much either).

Are the school holidays too long?
The Education Secretary is calling for longer school days and term times, with the school summer holidays being reduced from six weeks to four. It's feared that British pupils are falling behind other countries in East Asia- like Singapore. But one newspapers is calling Michael Gove "the holiday snatcher."
-Should school days be longer and school holidays shorter?

We've been talking about the hidden costs of cancer this morning ...
According to the charity MacMillian Cancer Care, it could be as much as paying the equivalent of a second mortgage.
In Tyne and Wear the average patient will lose £560 a month in loss of earnings, and will have to fork out an £860 a month for things like transport and parking to hospital appointments.
-Get in touch if you have experience of coping with these costs.


If all u got is federal reserve notes! Mortgage notes, car payments, student loans, pension plans?
Will soon find out that U have no money/wealth and u own nothing!
Ain't no money!!

What every1 up to on the weekend?

Got a new job yayy so happy with life :)

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Eric Poulson, a loan officer at Associated Mortgage for 14+ years, tailors your financing to your unique lifestyle and goals. With Eric, you can expect an authentic experience defined by honesty, integrity and fun. Whether you’re refinancing a mortgage or buying property for the first time, you deserve a smooth, respectful and personable transaction. At its core, Eric’s professional service is founded on the bedrock aim of your long-term financial security and wealth accrual. Contact Eric to take advantage of today’s financial opportunities. ~ Tamara W

China Property Curbs May Not Be Working - Economist: Dow Jones
March 19, 2013.

China's property curbs may not be working, and Beijing needs to use stable monetary policies to avoid inflating real estate prices, a senior government economist said Friday.

The government needs to continue its loose fiscal policy as it deals with slower economic growth, but rising property prices are a big inflationary threat, said Zhu Baoliang, head of the forecast department of the State Information Center, a think tank affiliated with the powerful National Development and Reform Commission.

"Some say we should loosen policies as others undertake quantitative easing," Mr. Zhu told a financial conference, referring to the "super loose" monetary policies of major economies aimed at boosting economic growth.

"But I think we must keep monetary policy stable or else money will rush into the property market," he said.

Such loose monetary policies are seen as potentially leading to inflows of hot money into China, and those funds could end up in the property market.

China has already vowed to enforce a 20% tax on profits from property resales and it may use higher down payments and mortgage requirements to cool the market.

But Mr. Zhu said it is still not clear whether these policies will work.

So far a slow but steady rise in prices has continued as the appetite for property remains strong.

Mr. Zhu also said he expects growth to pick up in the third quarter of this year, reaching 8.2% on year, but in the short term risks in the financial system, high borrowing costs for smaller companies, and serious overcapacity in monopolized industries like steel present major challenges, he said. He said structural reforms are needed.

China recorded 7.7% on-year growth in the first quarter of this year, below market expectations of an 8% rise and down from 7.9% in the fourth quarter of last year.

New FHA Reverse Mortgage For Seniors

al stil need proper xplanaton why mpigs remuneratn has to be increasd coz l have a a banker friend who gross 80k n can afford to drive n mortgage a hse! Whts the gread 4!?


Fridays Mortgage rate update:

best variable 5.42%
2 year fixed 4.99%
3 year fixed 4.99%
5 year fixed 5.7%

And don't forget what Dr Seuss says:

“You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. You're on your own. And you know what you know. And YOU are the one who'll decide where to go...”
― Dr. Seuss, Oh, the Places You'll Go!

Have a gr8 weekend!!!

People say babies are expensive... please babies are just a down payment on a 18 year mortgage... why did they leave so much out of that baby book "bringing up baby"... these kids cost millions #enjoythecostofdiapers #needasecondmortgagetocoverAAU&senioryear #betterstartsavinglolcuzthecostsareonlygoingup

An old traveller on the Internet, and yet - it needs repitition (there may be OCR glips here. Thnx Sten):

A Boss Who Tells It Like It is
To All My Valued Employees,
There have been some rumblings around the office about the future of this company, and more specifically, your job- As you know, the economy has changed for the worse and presents many challenges- However, the good news is this: The economy doesn‘t pose a threat to your job. What does threaten your job; however, is the changing political landscape in this country. However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.

First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear- Sure, you see me park my Subaru Outback outside. You've seen my big home at last years Christmas party. l‘m sure all these flashy ioons ofluxury conjure up some idealised thoughts about my life. However, what you don‘t see is the back story.

l started this company EB years ago. At that time, I lived in a 2 bedroom flat for 3 years. My entire living area was converted into an office so l could put forth iooe.-. effort into building a company, which by the way, would eventually employ you.
My diet consisted of baked beans, stew and soup because every dollar l spent went back into this company. I drove a rusty Toyota Corolla with a wanky transmission. I didn't have time to go out with women. Often times, I stayed home on weekends, while my friends went out drinking and partying- In fact, l was married to my business — hard work, discipline, and sacrifice.

Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $40.000 a year and spent every dime they eamed. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the David Jones for the latest hot fashion item, l was trolling through the discount store extracting any clothing item that didn‘t look like it was birthed in the 70s. My friends refinanced their mortgage and lived a life of luxury. I, however, did not. l put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.

So, while you physically arrive at the oftice at 9am, mentally check in at about noon, and then leave at 5pm, I don't. There is no "off" button for me. When you leave the office, you are done and you have a weekend all to yoursetf. I unfortunately do not have the freedom.

I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden - the nice house, the Subaru, the vacations... you never realise the back story ndthe sacrifices I've made.

Now the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn't. The people that overspent their pay suddenly feel entitled to the same Iuxuries that I eamed and sacrificed a decade of my life for.

Yes, business ownership has its benefits but the price I've paid is steep and not without wounds.

Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:
I am being taxed to death and the government thinks I don't pay enough. I have state taxes- Federal taxes- Property taxes. Sales and use taxes. Payroll taxes. Workers compensation. Unemployment taxes. Taxes on taxes. I have to hire a accountant to manage all these taxes and than guess what’? I have to pay taxes for employing him.
Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. Om Oct the 15th, I wrote a cheque to the Australian Tax Office for $200,000 for quarterly taxes. You know what my "stimulus" cheque was’? Zero- Zip- Iilch.

The question I have is this: Who is stimulating the economy‘? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare cheque‘? Obviously, government feels the latter is the economic stimulus of this country.

The fact is, if I deducted (Stole) 50% of your pay you'd quit and you wouldn't work here. I mean, why should you‘? That's nuts. who wants to get rewarded only so-it of their hard work? Well, I agree which is why your job is in jeopardy.
Here is what many of you don't understand to stimulate the economy you need to stimulate what n.rns the economy. Had the govemment suddenly mandated to me that I didn't need to pay taxes, guess what? Instead of depositing that $253,000 into the Canberra black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. Elut you can forget it now.

When you have a comatose man on the verge of death, you don't defibrillate and shock his thumb thinking that will bring him back to life, do you? Or, do you defibrillate his heart‘?

Business is at the heart of Australia and always has been- To restart it, you must stimulate it, not kill it- But the power brokers in Canberra believe the poor of Australia are the essential drivers of the Australian economic engine- Nothing could be further from the truth and this is the type of change you can keep-
So where am I going with all this’? It's quite simple.

It any new taxes are levied on me, or my company, my reaction will be swift and simple. I fire you. I fire your co-workers- You can then plead with the govemment to pay for your mortgage, your 4WD and your child's future. Frankly, it isn't my problem any more-

Then, I will close this company down, move to another country, and retire. You see, I'm done. I'm done with a country that penalises the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship.

So, if you lose your job, it won't be at the hands of the economy; it will be at the hands of politicians t:hat swept through this country changed its financial landscape forever. If that happens, you can find me sitting on a beach, retired, and with no employees to worry about... .

Your boss

Getting votes is very costly affair

Everything is for a good reason......

You wanted a good story, and here is one for you to laugh a little.....

An elderly couple were having dinner one evening when the husband reached
across the table, took his wife's hand in his and said, "Martha, soon we
will be married 50 years, and there's something I have to know. In all of
these 50 years, have you ever been unfaithful to me?"
Martha replied, "Well Henry, I have to be honest with you. Yes, I've been
unfaithful to you three times during these 50 years, but always for a good
reason. Henry was obviously hurt by his wife's confession, but said,"I never
suspected. Tell me what you meant by 'good reasons'?"
Martha said, "The first time was shortly after we were married, and we were
about to lose our little house because we couldn't pay the mortgage. Do you
remember that one evening I went to see the banker and the next day he
notified you that the loan would be extended?"
Henry recalled the visit to the banker and said, "I can forgive you for
that. You saved our home, but what about the second time?"
Martha asked, "And do you remember when you were so sick, but we didn't have
the money to pay for the heart surgery you needed? Well, I went to see your
doctor one night and, if you recall, he did the surgery at no charge."
"I recall that," said Henry. "And you did it to save my life, so of course I
can forgive you for that. Now tell me about the third time."
"Alright," Martha said. "So do you remember when you ran for president of
your cricket club, and you needed 73 more votes?"

Rang the bank to change what week my mortgage gets taken out on. I can't believe how difficult they make it

"I feel like I'm living in someone else's master plan. Go to school, get a job, get a mortgage. All I'm really doing is dying."

For the best mortgage rates and offers available visit my website by clicking the profile link on the top of my page to see if you qualify!

* Mortgage & Financial Job *
Location : Dengkil, Putrajaya, Semenyih, Seremban, Kajang, Wangsa Maju, Kepong, Ampang & Cheras
Looking for Part Timer & Full Timer
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> RM500 per month ( part timer )
>RM1800 per month ( full timer )
Fresh Graduate are encourage to walk-in, thank you
For More detail, call Herman Ooi 016 689 9881 or PM

Habitat is a hand up, not a hand out. It is our belief that Habitat can help break the cycle of poverty in one generation. Janice and Ken are living examples that it works. Today, they paid off their mortgage! Their daughter, Brittany, is completing her junior year in college and starting to look at graduate schools. We are so happy for you, all that you 've accomplished and for your future that holds all of your dreams.

Mortgage Rates Heading Toward Historic Lows -

just sitting here dreaming of our land and house and I get an email saying "land to be registered in June"...fricken fricken last email we had said May 22....grrrrr

Frustration is when you pay your mortgage a month in advance for 3 1/2 years only to have the mortgage company call and raise cain about a "late payment" because it was only three weeks early instead of four. "yes, Ma'am. I see that when you made your payment in January you were a month ahead. But we did not get a payment in February." No shit, Sherlock! I paid Feb. in Jan., and I am now a month ahead again. Kiss my what? I hate doing business with morons!

To protect yourself from being a victim of any type including financial, Mortgage debt, Bullying, criticism, relationship, society etc> Please get 2 know yourself, educate yourself, know your rights and gradually grow your inner strength. #Discipline your mind. Once you done building your foundation you will be like 10.000 Strong within one body.

A great big thank you to the mortgage loan specialists and bank representatives that partnered with us and attended our Buyer Seminars this week. I'd also like to thank those in the communities around Mt.Vernon and London that came out to learn about the buying process. With relatively low home prices and seldom-seen low interest rates occurring at the same time, it is truly an "UNBELIEVABLE" time to buy!

Soooooo if today hasn't already have me a curve ball, I was making dinner which (I thought someone was BBQen then I realized lord Jesus it's a fire) can't cook for shit and I hear a knock, I thought now who in the hell now, I opened and sure as shit it's the women accross from me, I said what do u need? She said IM SORRY AGAIN I SMELL THE DINNER AND IM SO HUNGRY CAN U HELP ME OUT? I had to pinch myself to make sure this day was real, I FINALLY TOLD HER (which enough was enough) I'm not feeding u sorry, it hard enough feeding me and my dog! It's hard enough with a mortgage living on lake shore dr and her coming to me asking for money cigs and food! For Christmas I have her 50$ gift card for watching over my house plus subway for her to eat 2 weeks ago came to my door saying she was ganna die if she didn't eat with me having a guest over so I gave her frozen pizzas just so I could get back at it! I NEED TO HAVE MY OWN SHOW AT THIS POINT, THIS SHIT ONLY HAPPENS TO ME! Night as well make money while I live here!

is the proud owner of a mortgage.

What is a USDA Home Loan?

A USDA Guarantee Home Loan is a government insured loan, which is issued and serviced by a lender. USDA mortgages have become popular in locations like Wisconsin, Florida, Illinois and Minnesota because they offer a number of advantages over FHA and Conventional loans which include:
•Zero money down purchases
•No mortgage insurance
•Flexible credit criteria
•Seller paid closing costs

"When some films do not pay as well and you have a mortgage to pay and you are on an economy drive eating eggs and beans, and you are offered a million dollar role and you turn it down, as it is not right. I want to be doing this when I am 60 and getting the big paying roles then so I have to pick the parts that are right for the long term rather than take the money now." ~ Charlie Hunnam

The real realtors and mortgage companies were tying to help me get where I needed to be to start over but when you have hard headed ass people ruining your future for you you got to leave their ass behind. No black people do not depreciate the value of homes when they move into neighbor hoods. Ignorance being handed down from generation to generation . Yes white people have issues too with keeping their property up too. If a damn neighbor don't like what they see then they need to stand together as a community to help out instead of tying to make people move out while their ass fighting and doin all kinds of shit in their front yard. No difference in black neighbor hoods and white neighbor hoods Its all the damn same .Discrimination still exist. I am not gone live as a prisoner in my own damn neighborhood cause somebody got a mental problem. Everybody kids can be on drugs . I wish somebody else would lie on me again calling me and my family drug addicts and TRASH while they lookin dumb.Let the police peep in everybody business and everybody would be shocked at what white kids and black kids do.Some people need to learn how to start tellin the damn truth. Liars are liars no matter where they come from no matter how well you raise a child they can turn on anybody. I wont take the blame for everybody getting it twisted.

BC Conservatives announce nine new candidates

April 18, 2013 - The BC Conservatives announced nine new candidates who will be running in the current provincial election.

"The quality of our candidates is incredible, and I am very excited that we are offering voters an alternative to the tax and spend Liberals and NDP throughout the province," said John Cummins, leader of the BC Conservatives.

The newly-nominated candidates announced today include:

Ed Klop, Kamloops-North Thompson

Ed was born and raised in the Fraser Valley on the family dairy farm. He brings his vast experience in farming, trucking, construction and as a small business owner. He understands the role government plays in helping the province grow and prosper and believes that we need to work smarter with taxpayer's money, develop new strategies and approve industry to keep BC moving forward.

Ed is happily married to Yvonne and they love to spend time with their children and grand children on their acreage.

Elizabeth Pagtakhan, Surrey-White Rock

Elizabeth immigrated to Canada from the Philippines in 1977 with her family. Elizabeth and her husband of 42 years, Antonio, have two sons, a daughter in law, and a granddaughter.

She obtained her degree in Political Science at the University of British Columbia as a part-time student in 2004. She also studied at the Sauder School of Business at the University of British Columbia in 2005.

Elizabeth has owned a business catering to seniors for over 25 years. She is currently a Real Estate Professional with Sutton Group West Coast and also a Mortgage Broker with VERICO Clear Trust Mortgages.

Elizabeth has developed leadership skills with her community involvement and the church. She volunteers and supports many non-profit organizations such as the Covenant House, the UBC Alumni Educational Fund, the Multicultural Helping House Society, the Canadian Medical Mission Society and the Canadian Cancer Society.

She has volunteered in numerous municipal, provincial and federal elections and was on the organizing committee for the 2008 Conservative National Convention. She was a Conservative candidate in the 2006 Federal Election.

Howard Wu, Surrey-Cloverdale

Canadian by choice, Howard was born in San Francisco and spent time growing up between Taiwan and California before he moved to Canada in 2004.

Howard has been in the technology industry for more than two decades, having done numerous mergers and acquisitions between China, the US and Canada.

Howard's latest business success was founding a cloud computing software company in 2009 and selling it in 2010, having one of the fastest exits in Canadian history while creating more jobs in BC. An active international speaker in the media, Howard wants to bring business common sense back to government.

Howard holds two BAs from Furman Univeristy in Political Science and Asian studies as well as an EMBA from Simon Fraser University.

Howard is also active in his church FCNABC as a deacon and has two children with his wife Clara.

In his spare time, Howard enjoys basketball, hiking, running, travelling and reading.

Ian McLeod, West Vancouver-Sea to Sky

Born in New Westminster, Ian was raised in British Columbia and later obtained a degree in business administration from Mendocino College and graduated from San Francisco State University.

He began his career working as an intern for Congressman Frank Riggs in California, and has taught English overseas. Currently Ian works for BC Liquor in operations at the distribution centre.

Ian's career also has given him an opportunity to travel extensively. He's lived and worked in Korea and the United States.

Ian is active in coaching and refereeing youth soccer. He serves as the Vice President of the Vancouver - West End BC Conservatives, and was BC Conservative candidate in a 2008 by-election and the 2009 general election.

In his spare time, Ian enjoys camping, skiing, bike riding, soccer, hockey, travelling, the arts, hiking, and snow shoeing.

Rajiv Pandey, Vancouver Fraserview

Born in India, Rajiv immigrated in Canada in 1983, first to Winnipeg, where he completed his college education before moving to Vancouver in 1996.

Rajiv looks forward to bringing leadership to the Legislature, because he has always fought for the rights of individuals in order to help them reach their goals.

He became a realtor for Royal Pacific Realty in 2005 and has helped many families realize their dream of owning a home.

Rajiv sat on the real estate board of Greater Vancouver for 4 years and is seeking the position of MLA as a Conservative so that he can contribute his leadership skills and serve his community.

Ryan Hague, Port Moody-Port Coquitlam

Ryan was born and raised in Vernon, BC, where his family owned and operated various businesses, including a mechanic shop, for over 40 years. No stranger to hard work, Ryan spent his summers, weekends, and spare time working alongside his father in the company.

From 2000 to 2006 he worked in Alberta, first in the Oil and Gas industry, building and maintaining equipment, and then he accepted a job at the University of Calgary in 2006. Ryan moved to Port Moody in 2007.

In 2007 and 2008 Ryan worked overseas in Africa on an offshore platform performing Industrial Electrical maintenance.

Since 2008 Ryan has managed two electrical contracting businesses, one of which he owned, the other he now oversees. His accomplishments in business include a consecutive annual profit increase in operations, and after partnering with the IBEW213 in 2012 he increased his workforce from 4 to 19 people.

Ryan is known for his honest and loyal support for his employees, and his ability to finish what he starts and extremely hard work ethic. He is deeply committed to the economic, social, and environmental development of BC, and in particular, the Port Coquitlam community where he works and lives, with his wife Jaime and 2 young children, Evelyn and Caleb.

Lawrence Chen, Richmond Centre

Lawrence completed his education at the University of Technology in Sydney, Australia, earning a Masters degree in Business Administration and he has a background in real estate and political science. He is a former university teacher, published author, and presently works as the BC Wildlife Federation CORE hunting safety instructor and examiner.

Lawrence immigrated to BC in 2000 and became a Canadian Citizen in 2003.

Sunny Chohan, Surrey-Whalley

Sunny Chohan was born in India and immigrated to Canada in 1971. Sunny studied at the National College in Vancouver where he obtained his high school diploma.

Sunny joined the Grace Community Church in 1984 where he volunteered his time on a part time basis, while working in the furniture manufacturing industry. Sunny became a successful entrepreneur when he established a local manufacturing plant that specialized in hotel furniture, which was in operation for 30 years. Later, Sunny joined the Vedic Hindu Cultural Society, where he became Vice President in 1995 and later again in 2001. Finally, he became President of Vedic Hindu Cultural Society and completed the development and grand opening of a newly constructed temple in 2003. Sunny currently works in the telecommunications industry as a manager.

Sunny has been happily married for 26 years to Jaspal Chohan. Together they have 6 children.

Sean Upshaw, Penticton

Sean and his wife Heather have been married since June 1984 and they have 3 children together.

Sean is a Member of the prestigious RE/MAX Hall of Fame and was recently given the Award of Excellence Lifetime Member from Royal LePage. He has been a successful Real Estate Agent in the Okanagan since 2003.

Active in his community for decades, Sean has founded the Praise Christian Fellowship in Richmond and The Father's House in Abbotsford. He also spent a year on the mission field in Australia in 1990.

Sean is well educated and a real achiever who is not afraid to be innovative and take risks. He is loyal and committed to what is right. Sean has been serving people his entire adult life and is a passionate servant of the people and a listener who leads.


Jaclyn Laic
Public Relations

You know you live in a Country run by idiots if.... An 80 year old woman can be stripped searched by the TSA but a Muslim woman in a burka is only subject only to having her neck and head searched.

You know you live in a Country run by idiots if.... You can get arrested for expired tags on your car but not for being in the country illegally.

You know you live in a Country run by idiots if... Your government believes that the best way to eradicate trillions of dollars of debt is to spend trillions more of our money.

You know you live in a Country run by idiots if.... A seven year old boy can be thrown out of school for calling his teacher "cute" but hosting a Salman Khanual exploration or diversity class in grade school is perfectly acceptable.

You know you live in a Country run by idiots if..... The Supreme Court of the United States can rule that lower courts cannot display the 10 Commandments in their courtroom, while sitting in front of a display of the 10 Commandments.

You know you live in a Country run by idiots if....Children are forcibly removed from parents who appropriately discipline them while children of "underprivileged" drug addicts are left to rot in filth infested cesspools.

You know you live in Country run by idiots if....Working class Americans pay for their own health care (and the health care of everyone else) while unmarried women are free to have child after child on the "State's" dime while never being held responsible for their own choices.

You know you live in a Country run by idiots if.... Hard work and success are rewarded with higher taxes and government intrusion, while slothful, lazy behavior is rewarded with EBT cards, WIC checks, Medicaid and subsidized housing, and free cell phones.

You know you live in a Country run by idiots if.... The government's plan for getting people back to work is to provide 99 weeks of unemployment checks (to not work).

You know you live in a Country run by idiots if.... Being self-sufficient is considered a threat to the government.

You know you live in a Country run by idiots if....Politicians think that stripping away the amendments to the constitution is really protecting the rights of the people.

You know you live in a Country run by idiots if.... The rights of the Government come before the rights of the individual.

You know you live in a Country run by idiots if....Parents believe the State is responsible for providing for their children.

You know you live in a Country run by idiots if.... You pay your mortgage faithfully, denying yourself the newest big screen TV while your neighbor defaults on his mortgage (while buying iphones, TV's and new cars) and the government forgives his debt and reduces his mortgage (with your tax dollars). Your government can add anything they want to your kid's water (fluoride, chlorine, etc.) but you are not allowed to give them raw milk.

You know you live in a Country run by idiots if.... Being stripped of the ability to defend yourself makes you "safe".

You know you live in a Country run by idiots if.... You have to have your parents signature to go on a school field trip but not to get an abortion.

You know you live in a Country run by idiots if.... Using the "N" word is considered "hate speech" but writing and singing songs about raping women and killing cops is considered "art".

You know you live in a Country run by idiots if.... You can write a post like this just by reading the news headlines.

Mortgage Banker I - Clayton, MO --> Mortgage Banker I Knowledge and Skills Education and Experience: 1 to 2 years of previous mortgage l... Learn more here:

I Call It Confidence: God did not give me a spirit of timidity, but a spirit of power, of love and of self-discipline. II Timothy 1:7

Project "cheap shot" has begun! Wish list including Teludyne StraightJacket and Badger Ordinance rings with base. Like to add a NightForce glass later...

"Ok I read your post if you want to hate me or defriend me so be it. You said you were tired woozy and took mediciations you should not have been driving under those conditions. That's how accidents happens and innocent people become disabled for the rest of their lives because someone was not being a responsible driver. You may think you feel OK but chances are you're not. Sorry if you don't like this but I live this every day."

First and foremost, Denise Juskey Sprague, I am a responsible adult. Secondly being an emt, (who drives an ambulance as well) I think I know signs, symptoms and my body better than anyone else, with the discernment to know when not to drive, keeping me a responsible driver. Which I have not had an accident in over 20 yrs!! If I choose to drive after taking xanax, vicodin, etc it is because it hasnot affected me enough to impair my driving. Fyi, People drive under the influence of Sudafed, Nyquil, cough syrup, fatigue, and are distracted by talking/texting on cell phones, doing makup, eating, and god knows what else Ive seen them doing, which is distracted driving, equally if not more dangerous. I am not a child & it is not your place to evaluate or determine my driving capability and responsibility, based soley on my facebook status just because it happened to you.

private label mortgage securities do not carry a government guarantee of principal repayment, which distinguishes them from mortgage debt issued by government-sponsored mortgage firms Fannie Mae or Freddie Mac.

Loans in private label bonds are not eligible for most federal government mortgage modification programs.

Last year, private label mortgage bonds returned 21 percent, making it one of the top performing assets for bond investors, according to Amherst Securities Group. The bonds rose in value in response to the Federal Reserve's decision to buy $40 billion in government-guaranteed mortgage debt each month and an improvement in the performance of some of loans.

Traditionally, local governments have used eminent domain to condemn blighted properties or seize land for public works projects. Wall Street trade groups have warned communities that using eminent domain to seize mortgages could spark litigation and cause lenders to be wary about writing mortgages in certain towns.

MRP, in its marketing documents, has said it has investors willing to finance the cost of condemnation so the municipalities do not have to spend any money seizing mortgages. The group has not publicly identified its financial backers.

The mortgage business is good! I'm hiring a new assistant. If you know anyone interested, send them my way. Office is in Santa Monica. Must be detail oriented, have phone skills. Experience a plus. But not necessary.

If anyone is looking for a great starter home or looking to downsize and live in Seattle, near Mapleleaf and Lake City Way, I have a lead for you! We just painted the interior of this darling house and it's going on the market soon. The paint job looks great, of course. And we are pressure washing tomorrow. It's got 2 bedrooms, and 1 bath on the main level, with kitchen and dining room. and a circular stairway down to the mostly finished basement that has a bedroom, closet, open room and unfinished laundry/storage area. The exterior is gold vinyl siding so you won't have to paint, unless you want to. The lot is narrow but deep, sloping from the street down to the back yard which is begging for a deck and entertainment area! The back yard has no grass to speak of because it looks like not enough sun, so it's mostly soil and surrounded by trees. If you have a child it would be great for a swing set and play area! Anyway, it's charming and cute, and gets my vote! And I would be happy to connect you with Cynthia Creasey, the listing realtor and I know a great mortgage broker, David Korch.

Nothing says "well, this night's over" like ordering onion rings for delivery from nick's.

Anyone out there a landlord with renters? I got

A couple was having dinner one evening when the husband reached across the table, took his wife's hand in his and said,
"Beth, soon we will be married 30 years, and there's something I have to know.

In all of these 30 years, have you ever been unfaithful to me?"

Beth replied, "Well Charles, I have to be honest with you.
Yes, I've been unfaithful to you three times during these 30 years, but always for a good reason."

Charles was obviously hurt by his wife's confession, but said, "I never suspected.

Can you tell me what you mean by 'good reasons'?"

Beth said, "The very first time was shortly after we were married, and we were about to lose our little house because we couldn't pay the mortgage.

Do you remember that one evening I went to see the banker and the next day he notified you that the loan would be extended?"

Charles recalled the visit to the banker and said "I can forgive you for that. You saved our home, but what about the second time?"

Beth asked, "And do you remember when you were so sick, but we didn't have the money to pay for the heart surgery you needed? Well, I went to see your doctor one night and, if you recall, he did the surgery at no charge."

"I recall that," says Chuck. "And you did it to save my life, so of course I can forgive you for that.

Now tell me about the third time.

"All right," Beth said. "So do you remember when you ran for president of your golf club,
and you needed 73 more votes?"

Question...if someone hacked your email and u happen to have a folder with a lot of your banking info and my cc payment info am I screwed?

Well we closed on our house today. In 2 weeks we'll be homeless. We can't wait to find the house God has in his plan for us. I just wish he'd hurry up and reveal it. Oh and pray for my wife. She's still ticked that I'll sell anything we own.

Preface: What is Money?

“Money ranks as one of the primary materials with which mankind builds the architecture of civilization.” – Lewis Lapham

“We invented money and we use it, yet we cannot understand its laws or control its actions. It has a life of its own”. – Lionel Trilling

This is a study on money. This is not about how to get money, nor is this about what to do with money. This is about what money actually is. Today most Americans – including economists – are largely ignorant about our money system – about the way money is created and managed in our societies. Once a popular topic of political discourse among politicians and citizens alike, the subject of money in our culture today is one of unquestioned acceptance. We allocate a great portion of our physical, mental, and emotional energy to getting, keeping, and spending money – but how many of us really know what money is or where it comes from? Much like fish do not understand the nature of the water in which they live, most people have trouble understanding the nature of money.

To increase our understanding, the first step is to consider the unusual question: “What is Money?” This study aims to simplify, for the layperson, the nature of how money works today, with hopes of raising consciousness about monetary policy. Conscious awareness is a curative and powerful force. Hopefully, this will inspire more questions and further inquiry.

Money is meant to be a means of facilitating the material necessities of life on Earth, and once served the role of uniting people. Today, money has become a life-destroying and divisive force. As one of the main instruments with which the people of the world relate to each other, money represents an agreement, a shared belief, and a common trust within a society about what is valuable. Therefore, the society we co-create will naturally be a reflection of the kind of money we use. In addition to generating unconscious fears and feelings of shame, the kind of money we use today promotes and encourages greed, competition, inequality, and indiscriminate consumption. These are the values our children must learn and practice in order to become “productive” members of society. Frankly, we can do much better.

“Money is like an iron ring we put through our nose. It is now leading us wherever it wants. We just forgot that we are the ones who designed it.” – Mark Kinney

“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” -- Henry Ford

What is Money?

Too few Americans realize why our nation’s founders wrote into Article I, Section 8 of the U.S. Constitution:
Congress shall have the Power to Coin Money and Regulate the Value Thereof.

Since 1913, with the creation of the “Federal Reserve” banking system, the United States Congress no longer possesses this power. On December 23, 1913, with most of the nation preoccupied with the holidays, President Woodrow Wilson signed into law the Federal Reserve Banking Act, delegating this power to a collection of privately owned banks that are governed and regulated by what is known simply as the Federal Reserve (“The Fed”). This divided the United States into 12 Federal Reserve “Districts,” with a Board of Directors to run it. At the time, this legislation was promoted as a way to “keep money out of politics.” However, keeping money out of politics also means keeping money and monetary policy out of the control of the people.

Additionally, the people were not told then, and most still do not know today, that the regional Federal Reserve Banks are private corporations. The word “Federal” is deceptive. Federal Reserve Banks are no more “Federal” than “Federal Express,” which is why you will find their contact information in the business section of the phone book, rather than in the government listings.

“The regional Federal Reserve banks are not government agencies... but are independent,
privately owned and locally controlled corporations.” -- Lewis vs. United States, 680 F. 2d 1239 9th Circuit, 1982

Today, the creation, issuance, and regulation of money in America is a private, for-profit, corporate enterprise. This comes as a surprise to many people. We will explore the real-life ramifications of this legislation and privatization.

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered . . . banking institutions are more dangerous to our liberties than standing armies.” -- Thomas Jefferson

An Adequate Money Supply

Money, the means of all commercial trade except simple barter, is the measure and the instrument by which one product is sold and another purchased. Remove money or even reduce the supply below that which is necessary to carry on current levels of trade, and the results can be catastrophic. For an example, we need only look at America's Great Depression of the 1930's, which was also worldwide.

In 1930, America did not lack industrial capacity, fertile farmland, or skilled and willing workers. It had extensive and efficient transportation and communication systems, and no war had ravaged the country. The United States of America in 1930 lacked only one thing: an adequate supply of money to carry on trade and commerce.

In the early 1930s, the banking industry, the only source of new money and credit, deliberately refused loans to industries, businesses, farms, and people. However, payments on existing loans were still required, and money rapidly disappeared from circulation. Goods were available to be purchased and jobs were waiting to be done, but the lack of money necessary as a means to represent trade, labor, and commerce brought the nation to a standstill. America (along with the world) was purposefully put into a “depression,” and banks took possession of hundreds of thousands of farms, homes, and business properties. A majority of people, not understanding the system of money creation and contraction, were essentially robbed of their earnings, their savings, and their property.

“This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson] signs this bill, the invisible government of the monetary power will be legalized... the worst legislative crime of the ages is perpetrated by this banking and currency bill… From now on, depressions will be scientifically created.” -- Congressman Charles A. Lindbergh Sr., 1913

“Whosoever controls the volume of money in any country is absolute master of all industry and commerce ... And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” -- James Garfield (assassinated within weeks of the release of this statement during the first year of his Presidency in 1881)

War as Economic Stimulus

World War II ended the “depression.” The same banking industry that throughout the 1930's had no loans for peacetime industry now had unlimited billions to lend for a massive war movement.

This was made possible through the creation of new money – loaned to the government and war industry by the private banking system of America. People were hired, factories went to two shifts, and “The Great Depression” was over. Some politicians were blamed for it and others took credit for ending it. However, it was a lack of money that brought on the depression, and an adequate money supply that ended it. Since the Great Depression – the last time America was not at war – this trend has continued, and we now live in a permanent state of emergency within a permanent war economy. This year (2006) our defense budget will surpass $439.3 billion, while next year’s military budget is set at $466 billion. Both figures surpass the military budgets of the rest of the world combined. Since 1940, the United States has spent over $20 trillion on the military. Six trillion dollars of this has been spent on nuclear weapons alone. At least 7.5 million Americans are currently employed by the military-industrial complex.

“Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, and the hopes of its children.” – President Dwight D. Eisenhower

The Power to Coin and Regulate Money

When we can see the disastrous results of an artificially created shortage of money, we can better understand why our founders insisted on placing the power to “create” money and the power to control it ONLY in the hands of Congress. Additionally, our founders believed that ALL citizens would benefit from an adequate and stable currency and therefore, by law, the federal government must be the ONLY controller of the value of money as well. Since the Federal Congress is the only legislative body subject to the citizens at the ballot box, it was, to their minds, the only safe depository of so much profit and so much power. They wrote it out in the simple, but all-inclusive: “Congress shall have the Power to Coin Money and Regulate the Value Thereof.”

The following section is an example of the process of money “creation” and its conversion to people's “debt.”

They Print It -- We Borrow It and Pay Them Interest
“When you or I write a check there must be sufficient funds in an account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.” -- Published by the Federal Reserve Bank of Boston, titled “Putting It Simply”

“The Federal Reserve bank buys government bonds without one penny…” -- Congressman Wright Patman, Congressional Record, September 30, 1941

The Federal Government, spending more than it has taken from its citizens in taxes, needs, for the sake of illustration, $1 billion. Since it does not have the money, and Congress has given away its authority to “create” it, the Government must go to the Federal Reserve for the $1 billion. The Federal Reserve complies and is willing to deliver $1 billion in newly created money or credit to the Federal Government in exchange for the Government's agreement to pay it back - with interest. So Congress authorizes the Treasury Department to print $1 billion in U.S. Bonds (government promises to pay), which are then delivered to the Federal Reserve.

The Federal Reserve then pays the cost of printing the $1 billion (about $1,000) and makes the exchange. The Government then uses the money to pay its obligations. The Government has now indebted the people to private bankers for $1 billion on which the people must pay interest. Countless such transactions have taken place since 1913 so that by the 1980s, the U.S. Government was indebted to the banking industry for over $1 trillion on which the people paid, at that time, over $100 billion a year in interest alone. By 1995, the total federal debt had grown to over $5 trillion, with an annual interest payment of $203 billion, 14% of that federal budget. As of October 12, 2006, the federal deficit stands at $8,549,046,796,703.34 ($8.54 Trillion). Last year (2005), the interest payments alone on the federal deficit totaled $318 billion. With an estimated United States population of 299,678,958 people, each citizen’s share of this debt is $28,527.35. Since September 30, 2005, the National Debt has continued to increase an average of $1.64 billion per day, all the while continuing to collect interest. Much of this debt is for military expenditures.

“People who will not turn a shovel full of dirt on a project, nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest … But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution, pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Interest is the invention of Satan.” -- Thomas A. Edison, the New York Times, December 6, 1921

Fractional (Federal) Reserve Banking

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple that the mind is repelled.” -- John Kenneth Galbraith in his book, “Money: Whence it Came, Where it Went” (1975)

Furthering the irony of a Federal Reserve that isn’t federal, this banking system also possesses no actual “reserves,” as we will now see.

Fractional reserve banking is a special privilege given to the Federal Reserve System to create credit (debt) out of nothing – out of “thin air.” By extending this credit/debt to everyone else in society who does not have the same privilege, and then collecting from society the money plus interest, Federal Reserve banks become very rich without having to produce anything of value. Value is found in the work that people do and the products that industry creates. But fractional reserve banking creates “value” out of nothing and “value” is found in the form of debt (a promise to pay).
Under this kind of banking system, United States Bonds (government securities / promises to pay) become “assets” of the banks which they then use as “reserves” to “create” more “credit” to lend. Current “reserve” requirements allow them to use, for instance, $1 billion in bonds (debt) to “create” as much as $9 billion in new “credit” (principle) to lend to states, municipalities, individuals, and businesses, which will in turn accumulate interest. Their cost: approximately $1,000 for the printing and administration of the original $1 billion. In order for the people, collectively, to have money to carry on trade and commerce, they must borrow the “created credit” of the Federal Reserve Banking System and also pay them interest, with all money coming into existence attached to a debt.

“We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.” -- Robert H. Hemphill, Atlanta Federal Reserve Bank, in foreword of “100% Money” by Irving Fisher

All the Gold of the Nation

“The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the currency... I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.” -- Henry Cabot Lodge Sr., 1913

If it is left in place long enough, the group who controls this system of debt creation will own all the gold available in the nation. In America, this part of the process took place in the midst of “The Great Depression” in 1933, when Franklin Delano Roosevelt issued executive orders 6073, 6102, 6111, and 6260, accompanied by House Joint Resolution 192 on June 5, 1933, essentially outlawing the possession of gold (“hoarding”) that was then taken and used to pay off outstanding government debts to the Federal Reserve. Once the supply of real money (gold) belonged to the banks, they literally owned the entire nation. Why? Because banks take complete control of the only source of operating medium (money) available through which the nation functions. Besides those who have the privilege of “creating” money, everyone else is limited to how much money they have access to. After two or three generations and beyond, the friends and allies of the banking industry will always own all of the nation – just as America is now, essentially, owned by a very small cadre of wealthy people.

Wherever this system operates, how long this process takes to work its way through the wealth of a nation depends upon how successful the restriction of the formal government's issuance of real money is. As the supply of real money shrinks, the people of the nation must rely on the creation of debt by a privileged few to a greater and greater extent, until all that is left is a massive amount of “unpayable debt.” Those with the privilege of creating debt become the de facto (illegally usurped) government because of the “money power” they wield.

The Interest Amount is Never Created

Our U.S. Dollars: “Credit” representing a debt, or “debt instruments.” When the state and people borrow large sums, we seem to prosper. However, banks and credit companies “create” only the amount of the principal of each loan, never the extra amount needed to pay the interest. Therefore, the new money in circulation never equals the new debt added. The amount needed to pay the interest on loans is not “created,” and therefore does not exist.

Under this kind of a monetary system, where new debt always exceeds the new money no matter how much or how little is borrowed, the total debt increasingly outstrips the amount of money available to pay the debt. Therefore, since the amount of money needed to pay the interest is never created, the economy must “grow” through steady inflation and the creation of more debt. This is the reason for and nature of our “growing” economy: the money needed to pay the increasing debt and interest must come from new principle, which is always created in the form of new debt that will come with new interest, which in turn leads to increasing inflation – a vicious cycle indeed. This is why your money loses value every moment it stays in your pocket. Over the past thirty-five years, the U.S. dollar has lost over 75% of its value.

Furthermore, a “growing economy” is simply more money exchanging hands more often. Naturally, when a country goes to war, it will need to borrow money, and this money will then filter into circulation and help the economy “grow.” Similarly, an economy will also “grow” when someone is admitted to a hospital. In other words, a “growing economy” is not necessarily an indicator of health for a nation or the world.

“While economic textbooks claim that people and corporations are competing for markets and resources, I claim that in reality they are competing for money - using markets and resources to do so. Greed and fear of scarcity are being continuously created and amplified as a direct result of the kind of money we are using. For example, we can produce more than enough food to feed everybody, and there is definitely enough work for everybody in the world, but there is clearly not enough money to pay for it all. In fact, the job of central banks is to create and maintain that currency scarcity. Money is created when banks lend it into existence. When a bank provides you with a $100,000 mortgage, it creates only the principal, which you spend and which then circulates in the economy. The bank expects you to pay back $200,000 over the next 20 years, but it doesn't create the second $100,000 - the interest. Instead, the bank sends you out into the tough world to battle against everybody else to bring back the second $100,000.” -- Bernard Lietaer, Former Central Banker, author of “The Future of Money”

The following example will help to show the nature of this usury-debt system with its “built-in” shortage of money.

If $300,000 is Borrowed,
$718,527.60 Must Be Paid Back

When a citizen goes to a bank and borrows $300,000 to help purchase, for example, a home, the borrower agrees to pay back the loan plus interest. At 7% interest for 30 years, the borrower must agree to pay $1,995.91 per month for 30 years for a total of $718,527.60. The borrower is then required to assign to the bank the right of ownership of the property if the borrower does not make the required payments. The bank then gives the borrower a $300,000 check or a $300,000 deposit slip crediting the borrower's checking account with $300,000.

The borrower then writes checks to the builder, subcontractors, etc., who in turn write checks. $300,000 of new “checkbook” money is thereby added to “money in circulation.”

However, and this is the fatal flaw in a usury system, the only new money created and put into circulation is the amount of the loan, $300,000. The money to pay the interest is NOT created, and therefore was NOT added to “money in circulation.”

Even so, this Borrower (and those who follow in ownership of the property) must earn and TAKE OUT OF CIRCULATION $718,527.60, over $415,000 MORE than was put IN CIRCULATION when the origina1 $300,000 was borrowed.
Every new loan puts the same process in operation. Each borrower adds to the total money supply when they borrow, but the payments on the loan (because of interest) then deduct a much LARGER sum from the total money supply. To differing degrees, this math can also be applied to examples such as the government’s (people’s) debt for war, or for someone who must borrow money for hospital care.

Under this system, there is therefore no way all debtors, collectively, can pay off the moneylenders. As they pay the principal and interest, the money in circulation disappears and more money must be borrowed (with interest) in order to carry on trade and commerce. As time goes on, the government and the people borrow more and more from the moneylenders each generation. The moneylenders, who produce nothing of value, slowly, then more rapidly, gain ownership of the land, buildings, and present and future earnings of the whole working population. In essence, the borrowers have become the servants of the lenders under this modernized form of debt slavery.

Small Loans Do the Same Thing

As another example, let us consider a small loan for 3 years at 18% interest. Step 1: Citizen borrows $5,000 and pays it into circulation, signing a note agreeing to pay the Banker $6,500. Step 2: Citizen pays $180 per month of their earnings to the Banker. In 3 years s/he will take OUT of circulation $1,500 more than s/he put IN circulation. Every loan of banker "created" money (credit) causes the same thing to happen. Since this has happened millions of times since 1913 (and continues today), we can see why America has become a debt-ridden nation where our government and people are all paying usury-tribute (interest) to a banking institution.

“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal – that there is no human relation between master and slave.” – Leo Tolstoy

Debt: Your Promise to Pay

“Neither paper currency nor deposits have value as commodities. Intrinsically, a 'dollar' bill is just a piece of paper. Deposits are merely book entries.” -- Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975

In the millions of transactions made each year like those above, little actual currency changes hands, nor is it necessary that it do so. Indeed, 95% of all “cash” transactions in the U.S. are electronic or by check, so the Banker is perfectly safe in “creating loans” by writing the check or deposit slip, not against actual money (something of positive value), but AGAINST YOUR PROMISE TO PAY IT BACK (DEBT). Our Congress represents the people, yet the Federal Reserve does not. Hopefully, we can begin to see the ways in which these kinds of potential inequities were of concern to our founders.

The Evolution of Debt in America

In 1910 the U.S. federal debt was only $1 billion, or $12.40 per citizen. State and local debts were practically non-existent.

By 1920, after only 6 years of the Federal Reserve, the federal debt had jumped to $24 billion, or $228 per person.

In 1960 the federal debt reached $284 billion, or $1,575 per citizen. State and local debts were expanding rapidly.

By 1981 the federal debt passed $1 trillion and was growing exponentially as “The Fed” tripled interest rates. State and local debts are now MORE than the federal, with total government debts totaling over $8 trillion, 4 times the value of all land and buildings in America.

If we signed over to the moneylenders all of America we would still owe them 3 more Americas (plus interest).

However, banking institutions do not take title to everything. Indeed, the system is perpetuated through leaving people with the “illusion of ownership,” so we and our children and beyond will continue to work and pay the banking industry with more of our earnings in ever-increasing debts. Carefully read your mortgage agreement and ask yourself if you still believe you really own your home. It is, in essence, our lack of awareness of and our acquiescence to this form of economic manipulation that has allowed it to take place. Now, the banking “establishment” has come to own this country with an illegal system of usury and debt as certainly as if they had marched in with a uniformed army.

“Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.” -- Sir Josiah Stamp (President of the Bank of England in the 1920's, the second richest man in Britain at the time)
A Gambling Metaphor

So that we can further understand that periodic withdrawal of money through interest payments will inexorably transfer all wealth in the nation to the receiver of interest, imagine yourself in a poker or dice game where everyone must buy the chips (the medium of exchange) from a “banker” who does not risk chips in the game, but simply watches and every hour reaches in and takes 10% to 15% of all the chips on the table. As the game goes on, the amount of chips in the possession of each player will go up and down with his or her “luck.” However, the TOTAL number of chips available to play the game (carry on trade and business) will decrease rapidly.

The game will get low on chips, and some players will run out. If they want to continue to play, they must buy or borrow them from the “banker.” The “banker” will sell (lend) them ONLY if the player signs a "mortgage" (promise to pay/debt) agreeing to give the “banker” some real property (car, home, business, etc.) if he or she cannot make periodic payments to pay back all of the borrowed chips – plus some EXTRA ones (interest). The payments must be made on time, whether he or she wins (makes a profit) or not.

It is easy to see that no matter how skillfully everyone plays, eventually the “banker” will end up with all of their original chips back, and except for the very best players, the rest will continue, gradually, to lose all they own as long as they stay in the game.

In real life, even if we borrow little ourselves from banking institutions, the local, state, and federal governments borrow billions in our name, appropriate the money, and then proceed to confiscate large portions of our earnings (taxes) from us and pay it back to the same bankers. We are forced to play this game, and none can leave except by death. We pay as long as we live, and our children pay after we die. If we cannot pay, the same government will foreclose on our property if banks do not foreclose themselves. Bankers risk nothing in the game, but merely take a percentage.
Within the past few decades, real “cards” have been added to this game. “Credit” cards have been promoted as a convenience and a great boon to trade. However, they are also devices by which bankers can collect 2% to 5% of every retail sale from the seller and, on average, 18% interest from buyers.

Income & Interest

What happens to debt as it is paid off? In actuality, interest payments are collected first as profit, while payments that cut into the principle extinguish the money, taking it out of circulation. As money is always and only “created” through debt deposits (which become “assets” of the banks – their “reserves,” meaning money has “two-faces”), earned income that is applied to a bank debt cancels out that creation, although any left-over portion of principle will begin collecting interest again immediately. This is why credit card companies are happy to accept minimum payments, which are often equal to the amount of interest accrued over the past month. As long as there is debt principle, interest will bring in profits. Yet, people must often go into new debt in order to pay their old debts. The more debt is created, the more banks can loan to the government and people at interest because of the nature of the “reserve” system. And since money is backed by nothing more than debt, to pay off all of our debts would be to completely destroy the money supply.

Meanwhile, while most people believe our income taxes pay for social services, the fact is that all of our taxes go to pay off the interest on the federal deficit, which is most likely why the income tax (16th Amendment) was created the same year as the Federal Reserve (1913). All social services and government expenses, including military expenditures, are paid for through more debt that comes with interest. Along with inflation, our income taxes are the only means through which we can possibly begin to pay the interest on the federal deficit.

“By this means government may, secretly and unobserved, confiscate the wealth of the people and not one man in a million will detect the theft. Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.” -- John Maynard Keynes, economist, author of “The Economic Consequences of the Peace.”

“100% of what is collected is absorbed solely by interest on the Federal Debt ... all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government.” -- Grace Commission report submitted to President Ronald Reagan on January 15, 1984

“Our” Government

“This is a government of the people, by the people and for the people no longer. It is a government of corporations, by corporations, and for corporations.” -- President Rutherford B. Hayes

“Some people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves… The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.” -- Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years), June 10, 1932, Congressional Record 12595-12603

Democrat, Republican, and Independent voters who have wondered why politicians always spend more tax money than they take in should now see the reason. It takes only a little imagination to see that if Congress had been “creating” and spending or issuing into circulation the necessary increase in the money supply, there would be no national debt. Since there would be no ORIGINAL cost of money except printing, and no CONTINUING costs such as interest, federal taxes could be almost eliminated, except for instances where taxation is used as a means to take money out of circulation when there is more than enough to carry on current levels of trade. Otherwise, money, once in circulation, would remain there and go on serving its purpose as a medium of exchange for generation after generation and century after century, with NO payments to banking institutions whatsoever.

“I have never seen more Senators express discontent with their jobs... I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected.” -- John Danforth, Republican senator from Missouri, reported in the Arizona Republic, April 21, 1992

Mounting Debts and Wars

“A majority of the people of the United States have lived all of their lives under emergency rule. . . And, in the United States, actions taken by the Government in times of great crises have, in important ways, shaped the present phenomenon of a permanent state of national emergency.” -- Introduction to Senate Report 93-549 (93rd Congress, 1st session, 1973)

Instead of peace and debt-free prosperity, we have endured ever-mounting debt and periodic wars. As many are slowly coming to realize, we as a people are now, de facto, ruled by a system of banks that has become a centralized, all-powerful political apparatus. Our two large political parties have – as a means of sustaining their power – become its servants, the various departments of government its spending agencies, and the Internal Revenue Service its collection agency. In this way, the actions of our government sponsor expenditures that benefit bankers who have interests in many other industries, including conglomerated media, big pharmaceutical companies, and the military-industrial complex.
Besides creating money, creating “enemies” is also very profitable for the banking business. An American population that has essentially lived in a 75-year era of fear is asked to go billions of dollars more into debt for the financing of “military preparedness,” or “foreign aid to stop communism” (including “American Intervention”), or “The War on Terror,” as a few examples, the latter having no end in sight. When the war is over, we are billions of dollars more in debt to the banking industry. When the destroyed infrastructure of a defeated, war-torn country must be rebuilt, reconstruction will also be financed by the banking industry, which then, through reconstruction, installs debt-based systems of banking in these countries as well (see Latin and South America and most recently, Iraq). Indeed, most wars around the globe are financed on all sides through debts and loans from the banking industry. Historically, these loans are made upon the condition that the victorious side pays the war debts of the defeated. The banking industry needs only to sit back and wait to see which side to collect from.

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon Bonaparte, 1815

Consider the nature of American foreign policy since both the establishment of the Federal Reserve and the onset of the Great Depression. World War I began a year after the passage and signing of the Federal Reserve Act, while the Great Depression facilitated the economic conditions for the emergence of World War II, with the banking industry financing both the Axis and Allied powers, as well as the nuclear armament of both Cold War powers. An endless “War on Terror” means huge profits for both banks and government officials at the expense of the American people.

As we begin to better understand the nature of a permanent war economy based on the furtherance of bank financed debt owed by governments and people, we can begin to see the potential correlation to a century of global military carnage. Meanwhile, the United States is the largest exporter of weapons in the world, leading a top five that consists of the five countries with permanent seats on the United Nations Security Council.
Let us now consider a more equitable method of providing money as the medium of exchange. This will include some historical perspectives that are glaringly absent from what is taught in our schools.

The Constitutional Method – Every Citizen is a Stockholder

The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of the consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Governments greatest creative opportunity.” -- Abraham Lincoln’s monetary policy, 1865, Senate document no. 23, page 91

“When the Federal Reserve was created, its stock was sold to the member banks.” -- From “The Hats the Federal Reserve Wears,” published by the Federal Reserve Bank of Philadelphia

If we were to use the Constitutional way of “creating” the money needed in the nation, Congress would spend most of its time and study on the issuance and control of an adequate supply of stable money for the people (making monetary policy an integral aspect of political discourse once again). If an increase of population and/or production required an increase in the medium of exchange, Congress would authorize the creation, “coining,” or printing of the determined amount, of which the value would be fixed to something of positive value (as opposed to a debt or “promise to pay”). Some could be used to pay current legitimate expenses of the Federal Government, with any remaining balance paid directly to the citizens, thereby immediately increasing our standard of living and boosting the economy. A payment of only $20 to each citizen would put $5.6 billion of debt-free and interest-free money into circulation.

When suggestions such as this surface, the banking lobby will immediately warn that it would soon be “worthless” and would “cause inflation.”

The truth is that it is the immense usury charges on “created” credit (our debt) that is the sole cause of “inflation.” ALL prices on ALL industry, trade and labor must be raised periodically to pay the ever increasing usury charges. This is the ONLY cause of higher prices, including gas. More accurately, prices do not go up, but rather the value of your money goes down. Because of this, inflation is more aptly described as another, more subtle, form of taxation. And while it seems as though inflation is more beneficial to debtors than creditors, in reality this inflation is the only means through which we can begin to pay back the increasing interest without going into bankruptcy and poverty and/or recognizing the fraud. It is the inflation that perpetuates the system. The main “responsibility” of the Federal Reserve, besides creating money, is to regulate interest rates and inflation.

Under a Constitutional economic system, no private banks would exist with this much power. Private banking would be what it is supposed to be – an entity that takes care of your real, government-issued money and, with your permission, invests it wisely. Real Government banks under the control of the people's representatives would issue and control all money and credit. They would issue not only actual currency, but could also lend limited credit at no interest for the purchase of capital goods, such as homes. A $300,000 loan would require only a $300,000 repayment, not $718,527 as it is now. Everyone who supplied materials and labor for the home would get paid just as they do today, but the banking industry would NOT get over $415,000 in usury.

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” -- James Madison
The Revolutionary War

History tells us of debt-free and interest-free money issued by governments. The American colonies did it in the 1700's and their wealth soon rivaled England, bringing restrictions from Parliament. This was the main cause of the Revolutionary War. Before the war for American independence, Benjamin Franklin wrote the following:

“There is abundance in the Colonies, and peace is reigning on every border. It is difficult, and even impossible, to find a happier and more prosperous nation on all the surface of the globe. Comfort prevails in every home. The people, in general, keep the highest moral standards, and education is widely spread… We have no poor houses in the Colonies; and if we had some, there would be nobody to put in them, since there is, in the Colonies, not a single unemployed person, neither beggars nor tramps.” – Benjamin Franklin

This was not the case in England, which had a Fractional Reserve Banking system in place – and where delinquent debtors were often thrown in jail. There was much poverty in London and elsewhere in England. Here, Franklin explains the difference between England and her colonies:

“In the colonies, we issue our own paper money. It is called ‘Colonial Scrip.’ We issue it in proper proportion to make the goods pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and have no interest to pay to anyone… You see, a legitimate government can both spend and lend money into circulation, while banks can only lend significant amounts of their promissory bank notes, for they can neither give away nor spend but a tiny fraction of the money the people need. Thus, when your bankers here in England place money in circulation, there is always a debt principal to be returned and usury to be paid. The result is that you have always too little credit in circulation to give the workers full employment. You do not have too many workers, you have too little money in circulation, and that which circulates, all bears the endless burden of unpayable debt and usury.” – Benjamin Franklin

Soon enough, however, the English banks imposed restrictions on the Colonies’ issuance of Colonial Scrip, possibly as a reaction to the statements of Benjamin Franklin, which were widely publicized at the time. The first law was created in 1751, with more restrictive measures in place by 1763. Because money derives its authority from its ability to pay taxes, Colonial Scrip became illegal tender with which to pay dues to Parliament. Poverty and unemployment began to plague the colonies just as it had in England, because the operating medium had been cut in half and there were insufficient quantities of money to pay for goods and work. Indeed, this was the cause of the Revolutionary War, and not simply “taxation without representation,” as is taught in most history books.

“The Colonies would gladly have borne the little tax on tea and other matters had it not been the poverty caused by the bad influence of the English bankers on the Parliament, which has caused in the Colonies hatred of England and the Revolutionary War.” – Benjamin Franklin

Abraham Lincoln

“I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in a few hands and the Republic is destroyed.” -- President Abraham Lincoln after the National Banking Act of 1863 was passed

If we ever created a Constitutional issue of debt-free, interest-free currency, even a limited issue, the benefits would be apparent immediately. Yet, there has not been such an effort in this country for 143 years. Abraham Lincoln was the last President to issue such debt-free and interest-free currency in 1863 (“Lincoln Greenbacks”) and was assassinated two years later, ending the implementation of this monetary policy.

Abraham Lincoln's Monetary Policy, 1865 (Senate document no. 23, page 91)

“Money is the creature of law and the creation of the original issue of money should be maintained as the exclusive monopoly of national Government … No duty is more imperative for the Government than the duty it owes the People to furnish them with a sound and uniform currency, and of regulating the circulation of the medium of exchange so that labor will be protected from a vicious currency, and commerce will be facilitated by cheap and safe exchanges. Government should stand behind its currency and credit and the Bank deposits of the Nation. No individual should suffer a loss of money through depreciation or inflated currency or bankruptcy.

“Government possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by Taxation and otherwise need not and should not borrow capital at interest as a means of financing Governmental work and public enterprise. The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of the consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Governments greatest creative opportunity.

"By the adoption of these principles the long felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprise, the maintenance of stable Government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own Government. Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power.”
Abraham Lincoln was assassinated later that year.

“The death of Lincoln was a disaster… There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt modern civilization.” – Otto von Bismarck, German Chancellor, after the Lincoln assassination

John F. Kennedy

On June 4, 1963 (exactly five years, to the day, before the assassination of Robert F. Kennedy), a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day, President John F. Kennedy signed Executive Order No. 11110, returning to the U.S. government the power to issue currency without going through the Federal Reserve. Kennedy’s order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, President Kennedy brought nearly $4.3 billion in U.S. Government Notes into circulation. The ramifications of this bill are enormous.
With the stroke of a pen, JFK was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificates were to come into circulation, they would have eliminated the demand for Federal Reserve notes, because the silver certificates were backed by silver, while Federal Reserve notes are backed by only a “promise to pay” (debt). Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the government the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create new money. Indeed, Executive Order 11110 gave the U.S. government the ability to create its own money backed by silver, per Article I, Section 8 of the United States Constitution.

After John F. Kennedy was assassinated just five months later, no more silver certificates were issued. This Executive Order is still valid. Why then, has no president utilized it? Most of the $8 trillion in American debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110, the debt would be nowhere near the current level. President Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt – war and the creation of money by a privately-owned central bank. His efforts to have all troops out of Vietnam by 1965 along with Executive Order 11110 could have and would have severely cut into the profits and control of the New York banking establishment.

Freedom from Interest & Debt

Several Arab nations issue interest-free loans to their citizens today, and this is concurrent with the tenets of Islam (see Koran Sura 30:38, which says, “What ye put out at usury to increase it with the substance of others, shall have no increase from God”). This is also the case with most wisdom traditions and religions, many of which speak to this issue in their sacred texts.

The Old Testament says, “Unto thy brother thou shalt not lend upon usury, that the lord thy God may bless thee in all that thou settest thine hands to” (Deuteronomy 23:20).

Historically, the litany of Christian councils specifically condemning the practice of charging interest is quite impressive: the Council of Elvira (CE 305-306), Arles (314), Nice (325), Cartage (348), Taragona (516), Aix-la-Chapelle (789), Paris (829), Tours (1153), the Lateran Council (1179), Lyons (1274), and Vienna (1311), among others. The Vienna Council actually called for the excommunication of any ruler who failed to criminally punish anybody committing usury.
Additionally, the Catholic Church remained prominently in battle against the “sin of usury” until the 19th century. Obviously, the issue of interest has been significant for thousands of years.

The Saracean Empire forbade interest on money for 1,000 years, and its wealth outshone even Saxon Europe. Mandarin China issued its own money, interest-free and debt-free, and many historians and collectors of art today consider those centuries to be China's time of greatest wealth, culture, and peace.

Issuing interest-free government notes leaves the money available to use in the exchange of goods and services and its only continuing cost is replacement as the paper wears out. Money is the paper or electronic ticket by which such transfers are made and should always be in sufficient quantity to transfer all possible production of the nation to ultimate consumers. Recessions and depressions take place ONLY because of a lack of an adequate supply of money.
It is as ridiculous for a nation to say to its citizens, “You will have to buy less because we are short of money,” as it would be for an Airline to say “Our planes are flying, but we can't take you because we are short of tickets.”

News and Information: Why You Haven't Known

“The great enemy of the Truth is very often not the lie - deliberate, contrived, and dishonest - but the myth - persistent, persuasive and realistic.” – John F. Kennedy

“All the perplexities, confusion and distress in America rise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation.”
-- John Adams, in a letter to Thomas Jefferson in 1787

“The few who understand the system will either be so interested from its profits or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” -- Rothschild Brothers of London, 1863

“Men occasionally stumble across the truth. But most of them pick themselves up and hurry off as if nothing had happened.” – Winston Churchill

This study of money can easily be charged with oversimplification. It is easy to imagine that somebody, at some point, would have done something about this if it were true. However, this monetary system is as old as Babylon, and even in America it dates back far before the year 1913. 1913 may be considered the year in which this plan came to full fruition, with modern banking becoming officially and completely institutionalized.

Those who control money can also control the information available to the public, which does not include a simple acknowledgement of how our money system operates. You will not see this information on television, nor will you hear it on the radio. Schools, newspapers, libraries, and bookstores rarely, if at all, contain articles or books that directly address this subject, although the literature exists (see references). However, with the help of alternative and independent media as well as the internet, many citizens are learning the truth. By all means, check the facts, do the math, and inquire further into the details. Simply using a search engine is a good place to start, in addition to the references and resources at the end of this study. Perhaps an even better place to begin is to take a look at the world and use your intuition.

Those who further this economic agenda have been, for many years, in positions of prominence. They may not all be aware of their role and some, although aware, may find many convenient justifications for continuing their support. Here, I do not wish to directly address the inner motivations or subjective inclinations of other people. Fractional Reserve Banking is now a global institution that has been inherited by modern civilization. We all must participate in this deeply rooted system in order to function and survive within the economic confines of society. However, understanding the nature of these confines can help us create a just economy that serves the needs of the people, enabling them to receive the appropriate financial rewards and compensation for their labor and creativity. Money can be entirely different than it is now. We, the People, need only explore the real implications of the meaning of money and use our collective imagination.

The Federal Reserve has never been audited by the government since it was established in 1913. In 1975 a bill, H.R. 4316, to require an audit was introduced in Congress. It was not passed. No audit of the Fed has ever been made.
“Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.” -- Sen. Barry Goldwater (Rep. AR)

Study For Yourself, Let Others Know

“We hold these truths to be self-evident: That all men (sic) are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness; that, to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed; that whenever any form of government becomes destructive of these ends, it is the right of the people to alter or to abolish it.” – Thomas Jefferson, principal author of The Declaration of Independence

I believe that Compassion for all people – including oneself – and concern for future generations should make anyone deeply interested in this, the world’s greatest problem, for our generation has not suffered as the coming generations will. When the credit/debt bubble is pricked, the banking industry will foreclose on America. However, this will only happen if nothing is done and the People continue to live in ignorance of our money system. International speculators and financiers are afraid of only one thing: an awakened citizenry, armed with the truth and a trust in their own innate power to choose wisely and compassionately. Knowledge is power, and what we do with this power is in our hands. As the wise saying goes, the price of liberty is eternal vigilance, and complacency and apathy have become the diseases of an American society that lives in relative affluence. And while we cannot re-capture the past and prevent this from happening, we can empower ourselves to take responsibility for the global maladies of the present and co-create a future that can accommodate both the wisdom of our founders and the evolving sensibilities of current and future generations. All change takes place in the present, and the power of now belongs to the people, collectively. It is a power that has always existed, but has yet to be recognized. All we must do is exercise our rights and responsibilities, and use our imaginations creatively.

In essence, we possess the power and the ability to redefine the meaning and the nature of money, and can design it as a means and a tool to construct a civilization based upon the ideals of sustainability, abundance, equality, justice, and peace. What are the values we would like our monetary system to encourage?

This study is a collection of text and quotes from many diverse sources and authors (see references) and has otherwise been organized, edited, updated, amended, and written by Russell Gilland.

This essay is meant to inspire further inquiry, and is not copyrighted. It may be reproduced in whole for the purpose of helping the People.