The Fed Now Owns
Your Foreclosed Property Under QE3 Purchases of Toxic Assets
By Susanne Posel
theintelhub.com
September 18, 2012
theintelhub.com
September 18, 2012
On ABC’s “This Week”, George Will, columnist for the
propaganda news outlet The Washington Post, spoke out against Chairman of the
Federal Reserve Ben Bernanke and his decision to instill QE3 which is
essentially, “the government printing money.”
Will pointed out that
this latest move is covert “trickle-down economics” where citizens are forced
to invest in equities in order to continue to prop up the economy to perpetuate
the false sense of reality that the American public lives under.
Last week, Bernanke announced that the Fed would purchase
$40 billion in toxic assets, called mortgage-backed securities, per month.
While this scheme will devastate the
US dollar’s value by the very act of printing more money, there is a secret
bailout of certain financial institutions occurring under the radar.
QE3 serves as
a “regressive redistribution program” for the banksters who are enjoying a
surge in their wealth under current economic conditions.
The Federal Housing
Finance Administration (FHFA) recently announced that “strategic defaulters”,
i.e. those homeowners who have abandoned their mortgage because they could not
continue to make the monthly payments, will be jailed for this “crime”.The FHFA oversees Freddie and Fannie Mac, the mortgage corporation owned by the US government.
The FHFA are focusing their efforts on criminally persecuting all
American citizens “who abuses the FHFA programs” by walking away from their
foreclosure.
Statistically
speaking, according to
the FDIC:
• 1 out of 200 homes will
be foreclosed upon• 250,000 new households enter foreclosure every 3 months
• 6 out of 10 homeowners are delinquent on their mortgage
Morgan
Stanley is the financial institution that took in the mortgage-backed
securities and offered their derivatives across the global market.
Recently, Morgan
Stanley’s stocks have been dramatically dropping which has been blamed on securitized
loans and derivatives as to the cause of this plunge into insolvency.
This reversal of the crash
of 2008 ensures that the banksters get paid and the propping up of the
stock market continues while subversive measures committed today will cause the
fall of the American economy in a few short years.
Freddie and Fannie were
given $187 billion by the taxpayers to keep them afloat and the FHFA has now
begun sending out their investigators to seek out so called strategic
defaulters in a fear-mongering campaign to ensure homeowners remain in debt to
the banks and ultimately the US government, all under directives given by the
central banking cartels.These people are described in the mainstream media as being squatters in their own homes; living off the government’s dime by refusing to pay their mortgage in an attempt to shift the social consciousness from sympathy toward those losing their homes to the technocrat created mortgage-backed securities scandal to demonizing them as dead-beats and freeloaders.
Heath Wolfe, assistant general for audits at the FHFA, views these victims as schemers who deserve to be punished.
Wolf explained: “We are working with Fannie and Freddie to build a mechanism [to identify strategic defaulters].”
The American public will now be forced to serve time in debtor’s prison for purposefully abandoning a mortgage mess they were coerced into participating in by the very banks that are benefiting from the Fed’s purchase of mortgage-backed securities.
Between the cost of $650 billion and $1 trillion, the foreclosure
crisis has devastated the American landscape like no other scheme
invented by the technocrats.
The mega-banks JPMorgan
Chase, Wells Fargo, and Bank of America serviced the mortgages that resulted in
not only the forcing of Americans out of their homes but also an estimated
$7,200 in foreclosure fees incurred by the victims.
Just in Coon Rapids, Minnesota, there have been more
than 3,900
foreclosures with an increase in state and local security costs after
having placed many of these homeowners on the streets.
At a time when 46
million Americans are currently at or below the poverty threshold and
the average annual income is $23,200.00, QE3 is touted as the answer to rampant
unemployment.
Senator Bob Corker is
doubtful that QE3 will produce the results Bernanke claims. Bernanke states
that it is “the weak job market” that Americans should be focusing on. And
while most who listen to the mainstream media may fall for this distraction,
the Fed is quietly aqquiring massive amounts of property in the US through
their purchase of mortgage-backed securities.
In fact, in the US, there are an estimated 1.5 million
homes currently in the foreclosure process. Under the current QE3,
Bernanke will own those properties once the foreclosure is complete.
Bernanke has not
indicated how long the purchasing of toxic assets will continue. In the
mainstream media this move is being viewed as a detriment to the Fed and may be
its undoing.However, this is a skilled and well thought-out plan by the central bankers. The point is to create a huge land-grab within the US where the Fed owns massive amounts of land and can leverage this acquisition against the American public as the transition becomes apparent.
The plan that is covered by the shock of QE3 and even the exposure of the hidden banker bailout still cloaks the real purpose of this move by Bernanke to purchase these toxic assets. As the true controllers of this country, the central bankers are now acquiring massive amounts of land in the US with the purchases through QE3.
Not only will Bernanke own a massive amount of American land, he will be able to enforce any and all foreclosures as a recovery effort for the Federal Reserve to collect on their investment.
The American public has been reduced to serfs, chained to a manufactured debt invented by the techocrats and banking cartels.
Susanne Posel is
the Chief Editor of Occupy Corporatism Our alternative news site is
dedicated to reporting the news as it actually happens; not as it is spun by
the corporate-funded mainstream media. You can find us on our Facebook page.
Minor
Editing by Alex Thomas
5 comments:
Yeah, now print the other half of the story, where they are going to go after strategic defaulters.
Print that!
Found at sgtreport.com
the OIG is "absolutely" going to refer you for criminal prosecution, Wolfe said. "We're not just going to demand repayment," he said. "We're going to lock (people) up."
http://touch.chicagotribune.com/#section/-1/article/p2p-72287406/
video
http://sgtreport.com/2012/09/the-chilling-reality-mortgage-cops-are-coming/
This is where the game is getting real folks.
Where is your Fear meter? Or do you not have one?
You create your reality based on your fear of what someone says they are going to do to you.
Do you want them to do it to you?
If no! Then what are you afraid of?
You're afraid they have the power to do it to you anyway?
Where are they 'supposed' to get their power?
If all are equal where do they get their power?
From you.......
From you believing they have power.
From you letting them do things as if they have power when they do not have it, but need you to let them have it so they can do it.
When you see they get their power because you were afraid and let them have power....when you see that.......guess what you will say when they try to exercise power over you?
What will you say?
No.
Consent makes the law.
That's a legal maxim.
You don't need guns nor bullets and you don't need to hurt One of You so there could be a power struggle.
If I don't have power and you don't have power, we don't need guns to make us have power over each other. We become a danger to society having weapons of (you know what kind) destruction.
If I don't have power and try to exercise power over you. You'd look at me and say 'No'.
Why do you let someone put on a costume (I mean uniform that someone else bought them) and they act like they have power over you and you just fall all over and do whatever they say?
You are the reason you are going through what you are going through.
Your decisions based on this hearsay junk on this awakened internet is going to lead you down a road.
The road to '....' is paved with good intentions.
What road are you on?
If I don't have power and you don't have power, what do you care how many bullets I purchase?
Maybe I'm doing this so I can find out who believes I still have power. IF I can locate them, I can exercise the power they gave me by believing I am more powerful than they are. I can tell them to do things and they'll 'just do it' for me because they want to. Because they believe I have power over them.
Who cares if they believe it. It's symbiotic. They think I have power so I exercise the power they believe I have. They come over to my side, and I protect them with the powers they gave me. I tell them what they can and cannot do.
You know they register for me to be in power over them. When I tell them what I'm going to do; they stay registered and let me do it. They want this. They want me or my replacement to 'control' them. I'm sorry, I meant to govern them...same meaning..to govern means to control...okay politically correct...to guide the way in which they can go...which is still control.
Register with me...register your weapons with me...then sit back and complain about all the power I have; while you are at it, bring your friends and family and let them register with me and give me more power. Yes...yes.
It's always been you. No one else.
Read this and weep, or decide what role you play in this mess.
What do you care how many camps I build?
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The Fed is dead. These criminal financial terrorist of the world including all those who support or are a part of will soon be extracted from society and this planet.
"He who passively accepts evil is as much involved in it as he who helps to perpetrate it. He who accepts evil without protesting against it is really cooperating with it."
Martin Luther King, Jr.
CHANGE IS COMING and it will be on the right side of history.
That won't matter.
They are expecting to enslave many of you into the camps so you love your slave masters.
Everyone else will either be shot at, or if its too much trouble, left alone to rot out in the rural wilderness.
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