Predatory Lending

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Europe At A Crucial Crossroad

The banking cabal promised that they could permanently lower borrowing costs on all the debt of all these governments, forever… with unrestrained credit default swaps (CDS).

7Jun2012 | | 0 comments | Continued
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Destruction of Spain’s Economy Duplicates Greece

How does a third party placing bets on whether someone’s home would burn down provide any “insurance” to the owner of the home? The answer of course is that it doesn’t. What it did do, however, was to create a $60 trillion motive for “arson”.

4Apr2012 | | 5 comments | Continued
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The Gambler Economy

With the fruits of our labours preserved via the integrity of a gold standard, and with ordinary people not being brainwashed into incurring vast amounts of debt, the average citizen of a century ago was largely immune to the scams of the bankers. Not so today.

28Feb2012 | | 0 comments | Continued
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The Foreclosure Fraud Fantasy

A deal does not fix the housing market; it only makes things worse by permanently entrenching all this systemic fraud into the U.S. legal system. It throws away the states’ right to compensation at a time when they still don’t have the slightest idea of the total extent of Wall Street fraud.

9Feb2012 | | 3 comments | Continued
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The Myth of U.S. Consumer De-Leveraging

The supposed “de-leveraging” which the mainstream media boasted of was nothing but propaganda mythology. However, the new consumer debt which Americans have piled on since the beginning of 2010 is very, very real. And all the resulting U.S. auto-loan defaults, credit-card defaults, student-loan defaults, personal bankruptcies, and foreclosures in the months ahead will be very, very real as well.

18Jan2012 | | 4 comments | Continued
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Don’t Blame The Millionaires

There is no reason for the media to be blaming “millionaires” for wealth inequality. Yes, they too have benefited from the lowest tax rates in history for those on top. However, there is a huge conceptual difference between the millionaires (or even billionaires) and the trillionaires.

5Dec2011 | | 5 comments | Continued
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The Battle of the Euro Bond

With only the weak-willed Angela Merkel playing the role of “Frodo” against the “Dark Lords” of Wall Street, the situation could hardly be more dire – or hopeless.

30Nov2011 | | 2 comments | Continued
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Thirty-Year Mortgages = Mortgage Rape?

Bloomberg had managed to find an anecdotal account of a U.S. homeowner who had actually shortened the term of their mortgage… but in the real world, for every U.S. homeowner shortening the length of their mortgage there are ten other mortgage-holders (twenty? one hundred?) increasing the length of their mortgage. Indeed the favorite “mortgage modification” being offered by the banksters to homeowners on the verge of foreclosure is to dupe them into refinancing over a longer term.

16Jun2011 | | 7 comments | Continued
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State Banking Is Not Enough For A Stable Economy: Sound Money Is Needed

An explanation of public banking, prominent arguments for it, and the need for sound money as the foundation of the monetary and banking system even if public banking is utilized.

5Apr2011 | | 7 comments | Continued
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Eastern Savings Bank In The Crosshairs

The Law Firm taking action against Eastern Savings Bank is considering a major Class Action Lawsuit. It is expected to involve hundreds of plaintiffs, and since it would be in Federal Court, may allow for Plaintiffs from all 50 states. Those who currently have Eastern loans, and those who had the loans and refinanced, and those who were foreclosed upon would all likely qualify for this action.

2May2010 | | 169 comments | Continued