December 21st 2009 - Commenting on the story below by Ted Rall, are many who offer solutions too. It's about how to get of the grid for instance, and the very good video Zeitgeist shows the road we're on now. And it's a road to the usury hell, deeper and deeper into the web of debt we're in. Rall had a good idea which in reality won't work I'm afraid. The financial powers behind the foreclosures are very strong. And they globally control te fraudulent monetary flow. Anyhow, this was written by Ted Rall:
How to Give America Its Best Christmas Ever!
December 19, 2009 "Information Clearing House" -- NEW YORK - Citibank is suspending foreclosures and evictions for 30 days, until after the holidays.
Mighty white of them.
Who knew bankers could be so amusing? In an interview, Citi mortgage czar Sanjiv Das acknowledged that "moratoriums are not permanent solutions" and said his company was looking for "some long-term fundamental alternatives" to throwing people out of their homes because they've fallen behind on their payments. But he didn't offer a specific example.
Here, allow me. There's one "long-term fundamental alternative" that's righteous, makes sense, and legal: Let's foreclose on the banks. It's time for the U.S. government to show Mr. Das and his buddies down at the country club who is the boss.
Seriously. Yes we can.
But first, let's go back to February 2009. Ah, February: a new president, hope and change in the air. Especially for bankers.
President Obama's TARP program doled out hundreds of billions of federal taxdollars to gangster capitalists like Citibank and Bank of America, which get off on charging $4 for using ATMs and 29.99 percent interest in credit cards.
The big banks were supposed to use TARP cash to buy back "toxic assets" backed by home loans to distressed homeowners, thus loosening the mortgage credit market. In fact, The Los Angeles Times reported a few days ago, "The fund has done little to address that problem directly." Instead, the feds bought bank stock at over-market prices.
In exchange for those bailouts, the banks were expected to free up credit.
They didn't. They haven't. Instead, they gave obscene raises to their already overpaid executives. They remodeled their plush offices. Now their loan officers are sitting on their hands, laughing all the way to their own banks.
There's still money in the U.S. economy. But it's not moving around--and extreme lack of liquidity is the definition of a Depression with no end in sight. As anyone who runs a small business can attest, the same dirtbag bankers who were lending to anyone and everyone two years ago have suddenly become tightwad tight-asses. Consumers with high credit ratings have seen their credit limits slashed. Banks are even refusing to refinance high-interest home loans at today's rates, reasoning that lower property values have reduced the value of their collateral--thus ensuring still more foreclosures in 2010.
Because the Obama Administration didn't pressure them, the banks stonewalled the president's $75 billion loan modification program, which was supposed to reduce payments for the approximately ten million Americans who face foreclosure.
JPMorganChase, for example, blew off or rejected 85 percent of homeowners who asked them for help. That's better than Citibank, which enrolled 100,000 distressed homeowners in the program but only managed to actually modify loans to 270. And it's a lot better than Bank of America, bringing up the rear with a pathetic whopping 98 modifications out of the 160,000 borrowers who signed up as of the end of November.
More lowlights:
One out of seven American homeowners will probably lose their homes by the end of 2010.
Only 4.7 percent of distressed homeowners who enrolled in the modification plan have gotten any help.
Out of Obama's $75 billion program, only $2.3 million has been spent--or 0.03 percent.
Obama's performance on the foreclosure crisis--along with unemployment, the biggest problem America faces--makes Bush's laissez faire approach to Hurricane Katrina look caring and loving in comparison. If ever there were a cause for impeachment, look no further.
No doubt recognizing political peril, Obama is now attempting to jawbone the banks into doing the right thing, even calling banking CEOs "fat cats" on "60 Minutes." Whatever.
"America's banks received extraordinary assistance from American taxpayers to rebuild their industry," Obama said after meeting with banking executives. "Now that they're back on their feet, we expect an extraordinary commitment from them to help rebuild our economy." But there were no teeth in his demand--just a polite pretty-please with a trillion-dollar-plus bailout on top.
But that's Obama's choice. If he wanted, he could foreclose on the banks--and personally give millions of desperate homeowners the best Christmas ever.
Here's how: True, the Treasury Department didn't receive any written assurances from the banks that they would start lending again when they collected their bailout loot back in February. But as Obama recalled in the above quote, it was widely understood at the time that the federal government expected looser credit markets in exchange for the bailout. There were thousands of reports in the media to this effect, hundreds of statements by government officials, and--no doubt--dozens of discussions between government and bank lawyers to this effect. No one was confused. Everyone got it at the time.
Obviously Obama should have gotten it in writing. But the bailout-for-credit quid pro quo was a widely witnessed oral contract. And oral contracts are just as legally binding as written ones.
The classic example of an oral contract is two roommates who agree to share an apartment. The lease may be in the name of one person, but the non-leaseholder may not skip out on the rent. But the stakes can be bigger. Pennzoil made a handshake deal--no contract--to buy Getty Oil in 1984 but then reneged in favor of another suitor, Texaco. Pennzoil sued and won $11.1 billion in damages.
The United States government could, and should, sue Citibank, Bank of America, JPMorganChase and other defaulting miscreants for breach of contract. With one out of seven Americans having been foreclosed upon by one of these institutions, it would be difficult to imagine any jury finding them not guilty. Mercy, after all, wasn't something these banks showed their victims.
Since damages would likely exceed the defendants' ability to pay, the U.S. could then seize the banks. The newly nationalized banks, owned by we the people, could reduce or cancel outstanding mortgages to the unemployed, sick and other worthies. They could increase credit lines and start making loans again--you know, do what they promised to do. It wouldn't necessarily get us out of the Depression. But it would be a beginning.
Foreclose on the banks! It's fair. It's smart. And it's long overdue." - [and end]
The story can be found at Information Clearing House, where the comments are found as well, beneath the article - Url.: http://www.informationclearinghouse.info/article24228.htm
Ted Rall is the author, with Pablo G. Callejo, of the new graphic memoir "The Year of Loving Dangerously." www.tedrall.com
In extensive comments - amongst others on this article, I wrote he following comments which might inform some:
Lenders reject homeowners who apply for Obama plan
Similar Stories:
• Homeowners often rejected under Obama's loan plan.
• Just 4 percent of mortgage modifications are permanent, Treasury says.
• Citibank (Rockefeller) to suspend foreclosures for 30 days. (Big deal!)
BY Kevin G. Hall - McClatchy Newspapers
WASHINGTON - Sunday, 12 December 2009 - Ten months after the Obama administration began pressing lenders to do more to prevent foreclosures, many struggling homeowners are holding up their end of the bargain but still find themselves rejected, and some are even having their homes sold out from under them without notice.
These borrowers, rich and poor, completed trial modifications of their distressed mortgage, and made all the payments, only to learn, often indirectly, that they won't get help after all.
How many is hard to tell. Lenders participating in the administration's Home Affordable Modification Program, or HAMP, still don't provide the government with information about who's rejected and why.
To date, more than 759,000 trial loan modifications have been started, but just 31,382 have been converted to permanent new loans. That averages out to 4 percent, far below the 75 percent conversion rate President Barack Obama has said he seeks."
[end quote] - The rest of the text is here at the Miami Herald - Url.: http://tinyurl.com/yzkm6b4
As I wrote: Ever thought about how it would be when you're on the street? Living at first maybe with some family or friends, but than - if you still own one - in your car, maybe on a parking lot. With an eventual wife, kids and the family pets? And no money coming in? How do you sleep and feed them? How does one shower? Dress? Go to the toilet? At present the homeless are a lot more than two and a half million in the US alone. And, no address means no vote either... And it's all planned and rigged...
I'm afraid that most people in many other countries outside of the USA don't get it, when EVERY DAY seven to twelve thousand people have to leave their home, and nobody reacts. The biggest heist in the history of mankind is being perpetrated, the criminals are also stealing the houses and billions upon billions of tax money - all over the world too - money taken from hard working people, to reward the criminals for their misdeeds. One wonders why they are still alive who do this? Or not in jail yet?
Why are not many more US americans - of those ten thousand and more homeless a day - getting too: "mad as hell, and not taking it anymore"? Where is their anger?
And when are the victims coming to grips with this orchestrated 'misfortune' they suffer, while the banking criminals get all the bailout $billions?
And the people which have been kicked out of their home just stand there, hungry, and at night in the cold with their possible family, maybe a pet, but empty bank accounts and hands? Not even anymore having a window to shout from...
Everything is stolen from them, and they don't react? I think that I'm not the only one who really doesn't get it.
The rest of the information is here at Url.: http://tinyurl.com/ydea7en
On the other hand: the first thing I asked when getting back to The Netherlands, which because of the collaborators is a full bloodied member of the criminal cartel within the European Union because of the Anglo-Dutch corporation - was:
What have they done to the people? It was and is horrible from a human point of view.
Not all are lobotomized and passive, but as we all know, with so many (96%) of the propaganda media in the hands of the warmongers, they've badly influenced too many people who otherwise would react strongly. But, as the excellent Ellen Brown writes: some fight back: "EU/IMF Revolt: Greece, Iceland, Latvia May Lead the Way." - Url.: http://www.webofdebt.com/article...cles/ eu_imf.php
Still, in the US nine to 12 thousand every day...
I keep wondering. Even if I know that the revolution probably will not be televized.
And concerning energy prices and usury: take for instance the example of Iceland, where they have already renewable energy:
Quote: "From the bubbling hot water at the local swimming pool, to the steam rising over the mountains east of Reykjavík, to the tumbling waterfalls in the countryside, it is visible everywhere: Iceland is brimming with renewable energy. Currently, 80 percent of the nation’s total energy use stems from renewable sources—no other nation can boast such a ratio.
By replacing the remaining oil and gas imports for the fishing fleet and transport sector with renewable energy, Iceland could well become the first country to be 100 percent energy independent." - [end quote]
It's all there! Everywhere one can go geothermal, using the heat in the interior of the earth. It's all about renewable energy. Have a look at the latest issue with this story, at Icelandic Review. I've been on Iceland many times, and it works. - Url.: http://tinyurl.com/yhdffm9
This looks like an ad, but might be handy to check: "Inventor From Minnesota Swears Under Oath He's Not Cheating The Electric Companies - He's Simply Generating His Own Power At Will!" - [end excerpt] - Url.: http://tinyurl.com/y97zm2y
A thousand times better and healthier to humanity, because,and here we go again: "Concern at Three Mile Island leak." - Source: The Australian - Url.: http://tinyurl.com/ydwugqm
The other [known] and real Three Mile Island power plant disaster was thirty years ago, and ironically occurred only 11 days after the interesting movie about the possibility 'The China Syndrome' was released. Whether or not you agree with the film's clear anti-nuclear bias, its sobering message and riveting, realistic story and performances are still difficult to ignore. - Url.: http://www.answers.com/topic/the-china-syndrome
Self-supporting and far away from the usury grid? Let's hope more people know on Iceland that the European Union is like a slave ship on the waves of the monetary flow. - Url.: http://tinyurl.com/d55dk3
There are quite some alternatives. Because energy means huge money too. Google search: Web Results 1 - 10 of about 7,370,000 for "alternative energy" - Url.: http://tinyurl.com/yc3mwsg
And renewable geothermal energy? Any time!
What I do miss in the exposé by the Zeitgeist comments in their video* however - describing the global 'State of the Union' - is the ownership of the usury banks. Who it is, that makes the rules.
In the Zeitgeist movie there's a lot of talk about the bad gnomes of the so called Central Banks, but it should be mentioned - and that isn't done - that Rothschild's Bank for International Settlements, the BIS, In Basel, Switzerland, is the root of all monetary misery in the world. Rothschild's 'Bank for International Settlements' is our global 'Department of Finances' and the unbridled monetary monster we're confronted with.
A monster that has ridden nearly all of humanity, without most of us knowing, and/or understanding it. This has been going on for ages, and a majority of humanity must be seen as victims of this usury system.
How the BIS in reality works, as a monetary and global octopus, strangling too many, was in a very rare article about this global 'Department of fraudulent Finances' hidden between the Alps - described once, on June 28, 1998, by the Washington Post, with the headline: "Key Players Control World Money Supply" - Url.: http://tinyurl.com/yb8tleu
Via the above link you can also see what professor Quigley wrote about the BIS: "It is the apex of global money control!"
In the US professor Quigley, who liked the idea of having One World Bank and worked for 'them,' the investigative - and one of the best journalists of the US - Eustace Mullins, the well known historian Anthony Sutton, and nowadays lawyer and economist Ellen Brown or Nikki Alexander, describe openly the web of debt in which the majority of humanity is plundered and slowly strangled.
The Tower of Basel: This story is a very good start of the whole global Ponzi scheme, because it really is all planned by this 'Might makes Right' mad money making mafia of madmen of the BIS. As lawyer and economis Ellen Brown correctly explains in "The Tower of Basel - Secretive Plans Issuing Global Currency" - Url.: http://tinyurl.com/pe3l4l
The existence of this long-term plan, via the BIS and the money that talks, all those power dots for global hegemony, were confirmed by the US american agent of the criminal Rothschild cartel, mr. David Rockefeller: "Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world...one world, if you will. If that is the charge, I stand guilty, and I am proud of it." - From David Rockefeller's "Memoirs" - Political Opinion - Url.: http://tinyurl.com/5ee2vv
So you see: as long as the power is in their paws, the usury and robbery just goes on. And this 'power' made it possible to steal from people, all of the time. 'Money' certainly has been made into 'the root of all evil' by them, having usurped the nuclear and financial power.
It was again confirmed by J. Robert Oppenheimer, who saw it much clearer, and was talking about what he meant also nuclear power to be. The start with the ''Manhattan project'' cost an estimated two billion [illegally extorted] tax dollars, and the first successful test of the atomic bomb occurred at the Trinity site, two hundred miles south of Los Alamos at 5:29:45 a.m. on July 16, 1945. Oppenheimer was beside himself at the spectacle.
He shrieked, "I am become Death, the Destroyer of worlds."
Quote: "Indeed, this seemed to be the ultimate goal of the Manhattan Project, to destroy the world. Oppenheimer's exultation came from his realization that now 'his people' had attained the ultimate power, through which they could implement their five-thousand-year desire to rule the entire world." - [end quote] - The rest by Eustace Mullins is here at Url.: http://www.whale.to/b/mullins8.html
The BIS monetary control is the origin of what the former British Prime Minister of England during the late 1800s, Benjamin D'Israeli, wrote in his book Coningsby: "So you see... the world is governed by very different personages from what is imagined by those who are not behind the scenes."
And globally it all emanates not from one or other G-20 meeting, but from the BIS empire. The usurers and their collaborators have turned 'money' into the root of all evil." - [end excerpt] The rest is here at Url.: http://tinyurl.com/yjfwnss
There you'll find the inhuman Power of Basel and its deadly usury influence... Trying to wreck humanity, again and again. People the world over, including those of the Zeitgeist movie, should comprehend the whole system: that Rothschild's 'Bank for International Settlements' is our global 'Department of Finances' and the unbridled monetary monster we're confronted with.
And that the Rothschild clan for instance owns the private and wrongly named 'Bank of England' too. Representing a monster that has ridden us without most of us knowing and understanding it. Apparently this has been going on for ages, and a majority of humanity must be seen as victims of the BIS usury system. - "An Unbridled Monster: the global monetary system" - Url.: http://tinyurl.com/kk86q7
The inhumane effects of this usury system are millions upon millions of dead human beings. Daily it's ten thousands who starve or die in another form because of this global usury. Personally I dislike a lot of 'gatekeeper' people for writing about the nefast 'side-effects' all over the world, but not mentioning Rothschild's BIS bank. Do yourself a favor and read the rest of my comment. - Url.: http://tinyurl.com/yhgpwtx
Because what the present monetary usury regime has done, is making money the root of all evil. The global debate - in the space people have on Internet - goes on and on, and we better be careful, because many only claim to be 'jewish' to be able to hide their criminalty behind the label. Most are Khazars, which is not - as the rest of the greedy gang - Semitic. Arabs are on the other hand, the real Semites. Including a major part of the by the israeli mercenaries and war criminals permanently holocausted® Palestinians and Lebanese.
Zeitgeist is very good, but could have been better by naming the managers of the global usury system. Watch Zeitgeist - Url.: http://tinyurl.com/ybf7u3f
Because they also and permanently commit infanticide - Unicef - Url.: http://www.unicef.org/media/media_46565.html
To show how collaborators present this usury, see how Obama says he's going to extort $646 Billion in new taxes. - Url.: http://tinyurl.com/yf4bdhl
After having read and seen this, you've further learned how we globally have been taken for a ride. And even were forced to pay the overpriced ticket ourselves.
But, you know what our problem is? - Url.: http://tinyurl.com/5vhgm2
The BIS bandits have turned money into the root of all evil. It is an evil system.
But here's something which I had on file and which might interest people who are looking for alternatives to the present 'usury money' system:
"The McKeever Institute of Economic Policy Analysis, MIEPA, is dedicated to the betterment of humanity through the promotion of sound economic policies. This site contains a description of recommended policies together with student evaluations of a number of individual countries' economic policies." - end quote]
And people will find the interesting information here at Url.: http://www.mkeever.com/default.html
Right now there are on Google search about 130,000 'hits' for "alternative money system" - Url.: http://tinyurl.com/yawu3sa
The excellent Ellen Brown has in her latest articles described what's the problem with this out-of-thin-air-fiat-money, and among others showed the bank of North Dakota as an alternative: "What does the State of North Dakota have that other states don’t? The answer seems to be: its own bank. In fact, North Dakota has the only state-owned bank in the nation. The state legislature established the Bank of North Dakota in 1919."
[end quote] - Source: Web of Debt site - Url.: http://tinyurl.com/dfovc3
And this I found interesting too: "An Experiment in Worgl - The year was 1932; the world was gripped by the greatest economic depression that it had ever known. One man in a small town decided to try something new to help the people of his community. In doing so the town made economic history.
The town was Worgl in the Bavarian province of Germany. To understand the Worgl experiment you have to understand the man behind it. The towns mayor Michael Unterguggenberger." - [end quote] - The rest of the experiment is here at Url.: http://tinyurl.com/2e4av5
Those are the criminals behind the foreclosures and the monetary misery: Joan Veon is a specialist concerning the 'Bank for International Settlements' and she writes about the BIS's and the criminal "World globalization of the banking & Regulatory Structure" - where especially Part 2 is interesting.
Confirming again what the BIS is: a global usury system of which we nearly all are the victims. - Url.: http://tinyurl.com/ydqcp7u
And the evildoers are all above the laws used against us. Rothschild's BIS - as professor Quigley also wrote - is the global department of fraud. And the APEX of the global monetary control. Humanity, as I wrote, is ridden already for ages by an unbridled monster: the global monetary system - Url.: http://tinyurl.com/kk86q7
It ought to be quite clear to anybody, that if we don't end this murderous usury system, we'll nearly all perish.
Alternative methods and systems are needed more than ever!
Because Mad Max-scenes are just around the corner.
It looks like Bartercity is next.
.
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