Posted on September 18, 2012 by lucas2012infos | Leave a comment
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
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
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
www.theintelhub.com link to original article
Thanks to: http://lucas2012infos.wordpress.com