The Federal Reserve Act of 1913 and the New Deal under President Roosevelt, that buttressed the desires of the international bankers, are the absolute source of this country’s ongoing economic problems – no question, no doubt. The Federal Reserve Bank (and there is nothing federal about it; it has been declared a private corporation by the Supreme Court of the United States) cannot help the problem unless it dissolved itself.

I therefore encourage you and your readers to view the following videos (two or three times to dislodge the mis-education we have received through the outlets of indoctrination (schools, media, etc.). This is education that you will never get in school. Most people do not know about the truths revealed in these videos. In general, most people don’t know how money comes about and it’s actual worth, who actually controls the money supply, and how this control impacts our lives in ways never imaged. Watch, listen, learn, and share this with others you care about. May the Truth be with you always …

Money as Debt, By Paul Grignon http://video.google.com/videoplay?docid=-905047436
(This is a great introductory primer before getting into he meat and potatoes. Among other things, learn how loans are not really loans – this will be interesting for the homeowner and the investor alike. 47 min.)

Money, Banking and the Federal Reserve
http://video.google.com/videoplay?docid=-466210540 (Direct and to the point about the banking system. 41 min.)

The Money Masters: How the International Bankers Gained Control of America http://video.google.com/videoplay?docid=-515319560
(This is a must-see. Take time out of your busy schedule to learn the truth about why “We the People” will never get out of debt based on our current banking system. 215 min.)

This is indicative of the dumbing down of our society by the liberals who have put themselves in charge of “educating” our young citizens. They have thrown out God and facts and substituted immorality and theory.

Having received my fundamental education in the 40’s and 50’s, I am absolutely appalled by the lack of common sense demonstrated by the generations that follow mine. Where is the work ethic? Where is the shame? Where are the morals? Where are accountability and responsibility?

Why should I have to give my hard earned money to the bums that have not done anything with their lives except drink, chase the opposite sex for a good time, and watch other people play sports when they should be getting the exercise themselves?

Why should I be expected to pay for the health care of the fat, lazy, smoking, drug-infested, slovenly, sexually perverted crowd that makes up a large percentage of the population, not to mention the illegal’s who have overrun this country to satisfy the greediness of the unethical businessmen and politicians elected by the uneducated mass of our society. I could go on and on, but what’s the use.

It’s no wonder that the USA is in such a sorry state. It’s quite difficult to learn anything while you are texting, playing electronic games, chasing the opposite sex for nothing but a good time, and refusing to read anything worthwhile.

The slackers, political con men, religious perverts, and mindless servants of this whole system of things deserve what they are getting. You will reap what your sow!

Again, $85,000,000,000 / 200,000,000 = $425.

Who is going to pay for it?

The answer is of course the taxpayer but deeper than that the burden would be shifted to the wealthy of America.

This is wrong because any redistribution of the wealth is socialistic by nature plus anytime you rob Peter to pay Paul you are stealing.

And ultimately one must recognize that any bailout plan is paid for by somebody against their will. While the idea of giving 250K(the real amount is $250.00) to every citizen has a sexy ring to it the money would still have to be created out of thin air, printed by the Federal Reserve at a cost to America, increase the national debt, and devalue the currency.

Which is why I’m personally against any bailout plan no matter how it is dressed up.

Of course the “We DID” would work… plus the “churn” of all that money in the US economy would fix everything that is currently “wrong” with the economy (even if many citizens just put it in the bank).

But they (the professional politicians & bureaucrats) would never allow the “We DID” because it would hand the country back to Joe American, and we wouldn’t need “them” anymore.

We could get rid of most of the “social” programs with the “We DID” program, since they’d not be needed anymore. Those that actually do need help could get it from local churches, who could do a much better job with less money. Not that they’d have less money, since donations to good causes would increase.

Oh, and taxes would go down.

People could also afford their own health care and not have to rely on the bloated bureaucratic nightmare that we have now. Then decisions on a persons health care would return to where it should be: between that person (and their family) and their personal doctor. And it would be affordable for everyone. Plus care would improve. And medical research would increase, since there would be more money available to fund it.

While we’re at it, lets drop the pay that Congressmen (and women) and Senators get and return teh Legislature to how the founding fathers designed it. Joe American, Farmer Brown and Mike the mechanic would decide it was time to go to Washington to do there CIVIC DUTY for their country, for a term or two, and then return home. Pay should be just enough to make it not a hardship for them while they aren’t working, but not so much that they want to stay.

And who knows… maybe even Dad (and Mom) would actually stay around and take care of their children.

“You may say that I’m a Dreamer
But I’m not the Only One.”

“If that’s the case why did the banks lower my credit limits on HELOC”

Gerald Romine Answers:

There could be several reasons including:

1) The value for your home is lower now then when the HELOC was approved. For instance you could have a first of 100K and a HELOC for 50K and the home is currently worth 130K. The lender may lower your HELOC to make sure they have adequate security on your loan.

2) Your credit score may have lowered making you a higher risk.

3) The lender may be lowering their overall liabilities and decreasing your loan is part of that action.

4) The lender may have re-evaluated the loan or their HELOC portfolio and changed their lending guidelines.

The reasons the lender may have lowered your HELOC are many. Be glad you still have a HELOC you can draw money from. I’ve had friends who had HELOCs with zero balances that were terminated.

Gerald Romine

Some predict that their combined losses are expected to continue for a few more quarters, and some “experts” think the companies will not return into “the black” before 2010 or 2011.

So, couple that with the other mortgage guys now under stricter REGULATIONS of higher down payments at around 80% loan to value, I have to surmise that we serious investors, wholesaling excepted, are looking at more “buy and hold” exit strategies.

Would you agree?

Darrell Barker

What next, Mt Everest?

Got Passport?

Darrell Barker
http://www.kickgasatthepump.com

Nice work,

Live well, be useful,

Darrell Barker

There are always going to be opportunities on both sides of the market. All it comes down to is timing.

Nice blog.

Excellent list, my friend. I especially appreciate numbers 2, 6 and 10.

Thanks for being authentic.

Warm regards,

…jp moses
http://REItips.com