I Fought Foreclosure and Won!

Vatic Note: We try to throw in the occasional "good news" and this is one of them.   Having worked in the mortgage business for 30 years, I can vouch for his points below.  To emphasize how this system works, let me ask you a question?   If you want to extract someones earned wealth from him, how would you do it?   Would you just go up and ask him for it?  Of course, he would say "No".   So what would be the next step for getting his wealth from him?

Offer to sell him something someone else owns and take his money that way.  Or offer to lend him SOMEONE ELSES MONEY and call it your own.  Then charge interest compounded daily which is not simple interest, and then forclose on him if he doesn't pay.   So what about the person whose money you used to make the loan?  What does he, she, or it get out of the deal?   NOTHING.

That is basically how it works.  The bank making the loan has to have a reserve of deposits from its deposit base.  Its' ability to make loans is based on what are called "reserve requirements" to ensure the solvency of the bank to protect the depositors.  Once they make those requirements, then they are free to lend money to clients, charge and collect interest.   So where does the money come from to make those loans?

There have been several ways this can be done.  One, is to borrow this money from the Federal Reserve.  We have all heard the phrase " Federal Reserve bank lending rate" and that rate is for member banks to borrow.  Its how the Federal Reserve controls M3 money supply that will affect the supply of money in the market place, which then affects "inflation and deflation".  They simply print it rather than use their own to back the loans.  They print the money and lend it out to the other banks to lend to you and me for  our homes and businesses.

Those two factors are used to control the economy and are often and regularly manipulated by the Federal Reserve, which by the way, is owned in part by the Rothschild and their international bankers.   They own almost all central banks of most countries.

The other way is to print the money you need to lend out,  charge interest on it, even though you put nothing up,  just an accounting entry, and voila, the borrower owns a home and a mortgage with interest payments.  Those are the two way and neither of them are based on real assets lent.   fiat currency is what its called, backed by nothing of value, except the word of the nation sponsoring the entire fraud.  So this is a good win...... and sets precedence, so anyone can do the same thing and win. 
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