Friday, October 15, 2010

Individual Property Rights (Guarded by the States) vs. Commercial Bankers (aka: Owners of the Federal Reserve)

The Coming Collapse of the Real Estate Market
Charles Hugh Smith

Either there is due process of law or you have a kleptocracy/"banana republic" oligarchy. At present, that is the decision we face as a nation. If the banking Elites and their partners in the Central State (Fed and Treasury) are allowed to "win" and gut the property laws of the states, then the U.S.A. will be revealed as a kleptocracy/"banana republic" oligarchy.

It's decision time, citizens. Either the banks/Central State "win" and we are a kleptocracy/ "banana republic," or they lose and the U.S. mortgage/ banking sector implodes and is either formally socialized (i.e. owned lock, stock and barrel by the Central State) or rebuilt from scratch without big banks, Federal guarantees and the Fed's incestuous interventions. ("We create the credit that enables the mortgage, you issue the mortgage, and then we buy the mortgage.")

http://www.oftwominds.com/blogoct10/foreclosure-collapse10-10.html

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The Rot Within: Our Culture of Financial Fraud and the Anger of the Honest
Charles Hugh Smith


To tell the truth is to bring down the entire status quo.

http://www.oftwominds.com/blogoct10/fraud-anger10-10.html


 

 

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