Article Image Ernest Hancock

Letters to the Editor • Housing

PRESIDENTIAL DEBATE - What To Do About the Federal Reserve’s Upside-Down Home and Foreclosure

This month’s media fad… “Your Home is upside-down”. 

 Not mentioned of course: Your Foreclosure is done illegally and with Robo-signed false paperwork.

America’s ‘upside-down’ homes are expected to be a major topic at tomorrow’s Republican debate, to contrast to  yet another of Obama’s never-ending nonsensical ineffective foreclosure-avoidance plans.

 What will really FIX this problem?

 Get rid of counterfeiting!

 ….the legalized versions…

 Those of the Federal Reserve’s and Goldman Sach’s (footnote1)! 

To cure all of our “upside-down” homes, we must get rid of ‘legalized’ counterfeiting of ‘dollars’ - which the private “Federal Reserve” does every day; by writing huge numbers upon scraps of paper, called “checks”.  The government then happily spends these ‘lent’ Trillions in counterfeit dollars like a drunken sailor every year all over the world, at interest!… and then - you the workers pay ‘your’ mortgage interest and income taxes to ‘cover’ that phony interest on phony principle, over the next 40 years of your life!

 Work indeed will make you free!  As so our banks claim, anyway…

In contrast, what could our debate candidates offer as real solution to this entire mess, particularly the foreclosure / upside-down crisis?

Frankly telling us that $13 Trillion in residential BANK mortgages are simply illegal.  Therefore they should simply be cancelled for fraud and nullity(footnote2) - all of them – by Executive Order (and prosecutions).

America’s US Supreme Court has said since 1872, that a Note and a Deed of Trust/Mortgage that is separated, is NULL(footnote2)

All modern BANK residential mortgages were ‘separated’ from their notes, when they were ‘securitized’1 offshore circa 1998 to 2010.   Therefore they are simply all Null.  Null means VOID. 

All it is takes is the Executive Branch to acknowledge this Nullity, by Executive Order.

Although the bailed-out criminal bankers would be screaming ‘doomsday’ unlike you have ever heard, actually America would have a complete new birth of freedom, and true financial stability for generations.

Imagine retirees whom have lost all their retirement to Goldman Sachs1 – no longer having any mortgage and payments… At least our retirees will have a permanent roof over their head for the rest of their lives, and an interest-free inheritance to their grandkids.

Imagine your neighborhood family’s kids, not having to leave their friends, because their stressed, jobless parents aren’t leaving their neighborhood in crisis - to live homeless.  Now at least, America’s families still have a roof over their heads… AND their familiar neighborhood friends.  Stability.  Certainty.  Real Freedom.

Imagine a strong America without residential bank mortgages at all.  We, America’s producing-classes, built this country’s buildings, not the Federal Reserve.  We built these homes through our 40-hour a week jobs over several generations, not the Federal Reserve printing phony trillion dollar checks out of thin air.  They have fraudulently ‘purchased’ 90% of the world assets, with these phony checks.  Its time to Checkmate this lie.

Now, underemployed Americans could work part-time, even two days a week, to eat and pay utilities, if they still have a roof over their heads, which they own free and clear.   Their only earthly real stability, in our world’s very uncertain future.

Calling for an Executive Order - to cancel all residential bank mortgages at the debate will absolutely steal the show….

…and every other debate politician’s bank-bailout-based plan, will seem silly in contrast.

Let the people bailout themselves, this time with the fruit of their own work.

Imagine also a great reduction in unemployment insurance – Forever!

These bank mortgages are illegal and null.  Let a bold president finally declare it!  Through these market forces, the Federal Reserve will automatically be replaced by Real money worked for by real people, with or without Congress – soon!

 Patrick

 

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1Together, the Federal Reserve and Goldman Sachs have created $600 Trillion in phony “Credit Default Swaps” and Derivatives on paper, called “Securitization”.  12 times bigger than the entire world’s $50 trillion money supply combined!  They want YOU the ‘taxpayer’ to pay it all off, at interest.  Never ending work and never ending foreclosures.  It would take 10,000 generations of kids to pay this Ponzi off.  Why participate in this fraud?

1a Instead – All of Goldman Sach’s and the big bank’s stolen assets can be liquefied, to reimburse the ripped-off pension funds and depositors, who would be still living securely in their homes.

2The long standing American precedent, the 1872 Supreme Court case Carpenter v. Longan, 83 U.S. 271, at 274, made any separation of the Note from the Deed of Trust a Nullity as follows:

“The note and mortgage are inseparable; the former as essential, the latter as an incident.  An assignment of the note carries the mortgage with it, while an assignment of the latter alone is a nullity”. 

This Carpenter v. Longan standard has recently reaffirmed in 2009 by several successive states as well.  In 2009, the Supreme Courts of both Kansas and Arkansas cited Carpenter v. Longan as the basis for illegal nullity in their decisions, in Landmark Nat’l Bank v. Kessler, 216 P.3d 158 (Kan 2009); Mortgage Electronic Registration Systems. Inc. v. Southwest Homes of Arkansas, 2009 WL 723182 (Supreme Court of Arkansas, 2009).

The 9th Circuit, In re: Walker, Eastern District of Cal., No. 10-21656-E-11, cited several of these very decisions why a deed of trust separated from the note was a nullity. 

 

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For all of the above, it is past time for an executive order & foreclosure moratorium by
someone who actually cares about America’s people, not its counterfeiting bankers!


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