Neil, What Are You Really Saying in Plain English by Neil Garfield
• http://livinglies.wordpress.com/2013/12/28/neil-whSo let me try to explain the mortgage monstrosity in short plain statements. Based upon my analysis of information in the public domain, there are two ways that anyone claim a loan was securitized — carved up into pieces and then sold to multiple buy
From the article: "Either way, it is the money of investors that is used and therefore they are the only ones paying value for the loan."
This is not entirely true. Thoroughly read "Two Faces of Debt - http://freedom-school.com/two_faces_of_debt.pdf - originally published by the Federal reserve Bank of Chicago, and "Modern Money Mechanics" - http://www.rayservers.com/images/ModernMoneyMechanics.pdf - also originally published by the Federal reserve Bank of Chicago, and you will see that word "debt" take on a whole new meaning as it is transformed into "creation of new funds."