noworldsystem.com


MSNBC’s Ratigan: The Great Bank Con Job

MSNBC’s Ratigan: The Great Bank Con Job

http://www.youtube.com/watch?v=Gwm0ESZJSRI

 

JPMorgan Instructs Homeowners To Stop Making Payments Then Takes Their Homes

Courthouse News Service
April 6, 2010

JPMorgan Chase instructed homeowners to stop making mortgage payments, as that was the only way to be considered for a loan modification, then repossessed their house when they followed the bank’s advice, a couple claims in Federal Court. “I’ve seen this happen to so many people,” their attorney said. “When they come in here to tell me their story, I can actually tell it to them.”

Faiz and Khadua Jahani sued Morgan Chase and its predecessor, Washington Mutual Bank, on their own behalf and on behalf of the public.

“When they called the 800 number, they were specifically told that as long as they were current on their mortgage they wouldn’t even be considered for a loan modification,” the couple’s attorney, Piotr Reysner, said in an interview.

In their federal complaint, the Jahanis say they contacted the bank in December 2008 “to indicate that they were having trouble paying their mortgage and would like to discuss a possible loan modification.”

The Jahanis say the bank representative told them “that they would not work with plaintiffs at all because they were currently not in breach of their loan terms. Plaintiffs were specifically advised at that time to stop making payments for a period of three months, at which time defendants would consider a loan modification. Plaintiffs were specifically informed that as long as they were current on their mortgage payments, that defendants would not consider a loan modification.

“Reasonably relying on the direction of defendants, plaintiffs stopped making their loan payments. Plaintiffs are informed and believe and thereon allege that defendants immediately reported to the various credit reporting agencies (Equifax, Experian and TransUnion) that plaintiffs were late on their mortgage payments.

“On or about June 23, 2009, defendants sent a letter to plaintiff entitled ‘Notice of Intent to Foreclose,’ indicating that plaintiffs were past due in their mortgage in the amount of $100.65 and that plaintiffs need to bring the account current within 30 days to avoid foreclosure proceedings. No Notice of Default accompanied the letter, nor was any Notice of Default ever served on plaintiffs.”

Months of correspondence between the Jahanis and Chase followed, with the Jahanis repeatedly sending Chase documents it had requested, and Chase repeatedly sending them letters claiming it had not received proper documentation and that their loan modification was “in jeopardy.”

Read Full Story Here

 

Here comes the next bubble – carbon trading

http://www.youtube.com/watch?v=7SFywA_LQuU

 

Why Americans accept getting conned into financial slavery

http://www.youtube.com/watch?v=eWqD_VOympU

 



‘United States’ Means ‘Federal Corporation’

U.S. is a ‘Federal Corporation’ British Crown Colony

http://www.youtube.com/watch?v=LRXS1jlAr5g

 

http://www.youtube.com/watch?v=-0Itvml2mgQ

 



Does the Federal Reserve manipulate the stock market?

Does the Federal Reserve manipulate the stock market?

 



National Guard May Take Over Police Duties in Alabama

National Guard Might Take Over Police Duties in Alabama

Paul Joseph Watson
Prison Planet.com
August 5, 2009

The implementation on martial law in America advanced a step further yesterday when the sheriff of Alabama’s most populous county said he would probably have to bring in National Guard troops to perform law enforcement duties due to budget cuts.

Plans to slash $4.1 million from the budget of Sheriff Mike Hale by Jefferson County commissioners in order to head off a municipal bankruptcy filing were approved by Circuit Judge Joseph L. Boohaker.

“A spokesman for Hale, Randy Christian, said the sheriff told Riley after the ruling that state assistance may be needed to perform basic law enforcement tasks once the department’s current funding is exhausted in early September,” reports the Associated Press.

“We will certainly be looking at calling in the National Guard,” said Christian.

Jefferson County has 640,000 residents and includes the state’s largest city, Birmingham.

Moves to replace traditional law enforcement with National Guard troops have been replicated in other parts of the country, including in Schenectady New York, where budgetary constraints were not even cited as a reason for the changeover.

After a handful of police officers were accused of assaulting citizens, Mayor Brian Stratton proposed declaring martial law and replacing the city’s entire roster of cops with National Guardsmen.

“It may be that as a stopgap measure, that you would need military forces – State Police, National Guard.” the Mayor said.

The use of military assets in civilian law enforcement is still illegal under Posse Comitatus, unless a clear state of emergency exists. The misbehavior of a few cops or the inability of a Sheriff to manage a budget cut does not constitute a state of emergency.

In this context, without the justification of an existing crisis that mandates National Guard intervention, the threat to replace police officers with troops on a whim is a sad reflection of how America is turning into a Soviet style military police state, as law enforcement increasingly shifts over to Homeland Security and Northcom controlled military assets.

 

Possible National Guard Deployment in Alabama Result of Bankster Scam

Kurt Nimmo
Infowars
August 5, 2009

Earlier today, Paul Joseph Watsonn reported on the expected deployment of National Guard troops in Jefferson County, Alabama, to perform law enforcement duties in violation of Posse Comitatus due to budget cuts. “Plans to slash $4.1 million from the budget of Sheriff Mike Hale by Jefferson County commissioners in order to head off a municipal bankruptcy filing were approved by Circuit Judge Joseph L. Boohaker,” Watson wrote.

As it turns out, Jefferson County’s financial woes are a direct result of a bankster derivative scam.

“A few years ago Jefferson County, Alabama bought 17 interest rate swaps from JP Morgan, Lehman Brothers and Bank of America with the intention of hedging interest rate risk,” writes Moe Tkacki for the Business Insider’s Clusterstock. “In a sequence of events that played out in state capitals, city halls, and school and public utility boardrooms throughout the country , Jefferson County officials bought into complex interest rate swap contracts they didn’t understand, at much higher prices than the going rate, only to face hundreds of millions of dollars in sudden collateral calls when the subprime mortgage crisis began.”

Credit default swaps are a mega-scam perpetuated by the major banks. Last year, there was more than 70 trillion dollars in the so-called credit default swap market, a sum larger than the GDP of the world. “If only 1 to 2 percent ’service fee’ were charged in these transactions (which are based on illusory assets), we’re talking nearly three-quarters to one-and-a-half trillion dollars in real term fees being siphoned off (i.e. hijacked from) the global economy for no productive, but merely parasitic, purpose,” writes Zeus Yiamouyiannis. “One thing of which I am convinced, we have just been ripped off trillions of dollars and 700 billion of even real money won’t fix the problem.”

In late 2008, then Treasury Secretary Hank Paulson attempted to cover-up this scam and protect his bankster masters. Now the damage is coming home to roost in places like Jefferson County, Alabama. Expect the rot to spread and troops to be called out in other parts of the country.

It really is a genius plan on the part of our globalist rulers. First, they hijacked the economy with their scam. Second, they created an economic crisis of fantastic proportion (and are now demanding world government as the cure). Third, in response to the social and political disintegration caused by their scam cash-strapped government tells us they have to lay-off the police and send out the troops because “anarchy” will rule if they don’t.

It is problem-reaction-solution on steroids.

For now, reports the Associated Press, “sewer system is still operating normally” — sewers are one of the hallmarks of an advanced civilization — but the county has closed four satellite courthouses and residents are standing in line for hours at the main courthouse to do routine business like renewing car tags.

It doesn’t take much imagination to speculate what will happen when the sewers stop working and normal government operations — fire and ambulance service, county hospitals, trash collection, the maintenance of the public water system, etc. — come crashing to a halt.

Jefferson County will need the National Guard to stop the plebs from revolting.

 

Photo of Combat Vehicles on the Streets of Springfield, Illinois

Infowars
August 3, 2009

On July 30, Infowars reported on an Illinois Army National Guard plan to put Armored Security Vehicles on the streets. “A Springfield-based military police company will be training with a new armored vehicle in the area this week,” the Associated Press reported. “The Illinois Army National Guard says training with the new Armored Security Vehicles will start Thursday and run through Sunday.”

An Infowars reader captured an image of the combat vehicles over the weekend. “Here is a picture of the Illinois National Guard driving the new armored military police vehicles through the streets of Springfield, Illinois.”

Staff Sgt. Daniel Becker told the AP people shouldn’t be afraid of the vechicles. “No, they shouldn’t be afraid — they need to let the idea sink in that it is normal for armed troops to be on the streets. After they get used to military vehicles on the roads, they will need to get accustomed to military checkpoints like the ones in Iraq and Afghanistan,” we wrote at the time.

 



Potential Bailout Cost is $5 Trillion or $43K Per Household

Potential Cost For Bailout is $5 Trillion or $43K Per Household

Steve Watson
Infowars.net
October 15, 2008

The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure.

Analysts have previously marked out the $5 trillion figure as the actual cost, now those predictions are becoming demonstratively accurate.

Meanwhile, Hank Paulson has defended government intervention, stating “There’s no doubt that the way to get the maximum bang for the taxpayers here was to invest in banks.”

Based on this Reuters summary and the sources linked within the table, here is a breakdown of the bailout’s cost to taxpayers so far.

Bailout Type
Cost To Taxpayers
$300 billion
$250billion
$25 billion
$150 billion
$700 billion+
$29 billion
$200 billion
$85 billion (+ extra request of $35 billion)
$300 billion
$4 billion
$87 billion
$200 billion+
$50 billion
$144 billion
POSSIBLE TOTAL $2.56 trillion+
NUMBER OF HOUSEHOLDS PER
U.S. CENSUS
105,480,101
POSSIBLE COST PER HOUSEHOLD
$24,26

In addition, the U.S. government has said it will temporarily guarantee $1.5 trillion (£856 billion) in new senior debt issued by banks, as well as insure $500 billion (£285 billion) in deposits in non-interest accounts, mainly used by businesses.

These figures take the potential cost to $4.559 trillion+ – or $43, 221 per household.

Furthermore, when you account for the fact that the credit default swap market is around $62 trillion, and that derivatives worldwide are worth between between $1 and $2 quadrillion, the numbers start to become meaningless.

 

Fed To Offer Unlimited Dollars
Bloomberg
October 13, 2008

The U.S. Federal Reserve led an unprecedented push by central banks to flood financial markets with dollars, backing up government efforts to restore confidence in the banking system.

The ECB, the Bank of England and the Swiss central bank will offer unlimited dollar funds in auctions with maturities of seven days, 28 days and 84 days at a fixed interest rate, the Washington-based Fed said today. The Bank of Japan may introduce “similar measures.’’ The dollar declined and some money-market rates fell.

Policy makers from the Group of Seven nations pledged at the weekend to take “all necessary steps’’ to stem a market panic after the MSCI World stock index plunged 20 percent last week. Central banks last week cut interest rates in tandem for the first time since 2001, the U.S. plans to buy $700 billion in distressed assets from banks and in Europe, the U.K. is leading a push to keep lenders afloat with taxpayers’ money.

“By providing unlimited dollar funds they are acting on the back of the G-7 plan to ensure the system is fully liquidized,’’ said Lena Komileva, an economist at Tullet Prebon Plc in London. “We’re going to see even more liquidity provided and more aggressive rate cuts are coming.’’

Read Full Article Here

Banks borrow record $437.5 billion per day from Fed
http://www.reuters.com/article/newsOne/idUSTRE49F97920081017

Millionaire Hedge Fund Trader Thanks Idiot Traders
http://www.guardian.co.uk/business/2008/oct/18/banking-useconomy

Treasury Black Out Key Parts Of Bailout Contracts
http://www.huffingtonpost.com/..136030.html

Wall Street banks in $70bn staff payout
http://www.guardian.co.uk/business/2008/oct/17/executivesalaries-banking

Homeless Numbers Alarming
http://www.usatoday.com/news/nation/2008-10-21-homeless_N.htm

House prices ‘to plummet by 35%’ – the biggest ever fall in Britain
http://www.dailymail.co.uk/news/..–biggest-fall-Britain.html

Royal Bank Of Scotland Nationalized
http://business.timesonline.co…g_and_finance/article4932250.ece

Switzerland Pumps Billions Into Bank System
http://biz.yahoo.com/ap/081016/eu_switzerland_banks.html?printer=1

UBS Gets Bailout From Swiss National Bank
http://www.chicagotribune.com..7,0,4057853.story

Dow Jones Bloodbath Mirroring 1929 Rout
http://www.prisonplanet.com/dow-jones-bloodbath-mirroring-1929-rout.html

Two More Banks Closed By Regulators
http://money…00397x1211373371x1200675175

U.S. Stocks Plunge Most Since Crash of `87 on Recession Concern
http://www.bloomberg.com/apps/news?pid..er=home

Roubini Sees Worst Recession in 40 Years, Rally’s End
http://www.bloomberg.com/apps/news?..efer=home

JPMorgan Responsible for the Destruction of U.S. Financial System
http://www.marketoracle.co.uk/Article6826.html

World May Be Lucky to Get Worst Recession Since 1983
http://www.bloomberg.com..OAeSWBCY&refer=home

Stocks On Track For Worst Year Since 1937
http://www.chron.com/disp/story.mpl/nation/6050283.html

Former Fed chief says U.S. now in recession
http://www.reuters.com/article/newsOne/idUSTRE49D2QB20081014

 



Top contributors to Obama and McCain are big banks

Top contributors to Obama and McCain are big banks

 



U.S. Banking Collapse Was Like Controlled Demolition on 9/11

U.S. Banking Collapse Was Like Controlled Demolition on 9/11