I'm Scared

Financing, Hard Money Lenders, Private Money
21
  1. I think the secondary market is going to lose it’s tast for low yields.

2…Mentioning “low yields” and referencing iran…see the administrations “Nuclear Posture Review Report”.

22

;D

23

Scared now? Watch these 2 videos about our banking system.

http://madcowpolitics.com/moneymasters.wmv

http://madcowpolitics.com/moneymasters2.wmv

Peace

24

No…Fractional Reserve Banking is sweet!
Say whatever you want about the twin deficits, the impending nuclear war, etc…But leave the FRB system alone. If it were not for the FRB systems and it’s lovely FRNs I would be out of job.
LOL
:-X

25

…and, the gold system was not so hot. Boom bust, boom bust, boom bust, blah… The FRB system is set-up kind of the same way, but atleast when you bail on the country that is about to bust you don’t have to try and sneak out all that heavy gold, you just have your “credits” transfered to a swiss account. :wink:

26

I forgot to note that the deliquent mortgage rate is 3 times normal. People are starting to fall behind on their bills. People will still need a place to live though. I think turning preforeclosure or foreclosure properties into cash flow properties is the key. The problem is properties have to get cheap relative to rents for this to work. At least that’s the problem I see in the SF bay area where I live.

27

you are right the key to the storm is buy and hold. Long term rentals. You need to be able to buy for 30-40000 and rent for 600-1000.

28

Let’s not forget the rise in credit card min monthly payments that’s coming, you can add a few more dollars to the average Joe deficit fund.

29

just stop trying to keep up eith the Jonese live within your means and life is so much more enjoyable. Who cares if you have a big house and a nice car. If you have what you need to live comfy thats all you need. Everything else doesnt matter.

30

The Truth About the Federal Reserve Bank:

Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed:

Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif
Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York (Reference 14, P. 13, Reference 12, P. 152)

These bankers are connected to London Banking Houses which ultimately control the FED. When England lost the Revolutionary War with America (our forefathers were fighting their own government), they planned to control us by controlling our banking system, the printing of our money, and our debt (Reference 4, 22).

The individuals listed below owned banks which in turn owned shares in the FED. The banks listed below have significant control over the New York FED District, which controls the other 11 FED Districts. These banks also are partly foreign owned and control the New York FED District Bank. (Reference 22)

First National Bank of New York
James Stillman
National City Bank, New York
Mary W. Harnman

National Bank of Commerce, New York A.D. Jiullard

Hanover National Bank, New York Jacob Schiff

Chase National Bank, New York Thomas F. Ryan
Paul Warburg
William Rockefeller
Levi P. Morton
M.T. Pyne
George F. Baker
Percy Pyne
Mrs. G.F. St. George
J.W. Sterling
Katherine St. George
H.P. Davidson
J.P. Morgan (Equitable Life/Mutual Life) Edith Brevour T. Baker (Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179)

How did it happen? After previous attempts to push the Federal Reserve Act through Congress, a group of bankers funded and staffed Woodrow Wilson’s campaign for President. He had committed to sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3, 4, 5). When elected, Wilson passed the FED. Later, Wilson remorsefully replied (referring to the FED), “I have unwittingly ruined my country” (Reference 17, P. 31).

Now the banks financially back sympathetic candidates. Not surprisingly, most of these candidates are elected (Reference 1, P. 208-210, Reference 12, P. 235, Reference 14, P. 36). The bankers employ members of the Congress on weekends (nickname T club-out Thursday…-in Tuesday) with lucrative salaries (Reference 1, P. 209). Additionally, the FED started buying up the media in the 1930’s and now owns or significantly influences most of it (Reference 3, 10, 11, P. 145).

Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest (Reference 4). Today, if the government runs a deficit, the FED prints dollars through the U.S. Treasury, buys the debt, and the dollars are circulated into the economy. In 1992, taxpayers paid the FED banking system $286 billion in interest on debt the FED purchased by printing money virtually cost free (Reference 12, P. 265). Forty percent of our personal federal income taxes goes to pay this interest. The FED’s books are not open to the public. Congress has yet to audit it.

Congressman Wright Patman was Chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913.

Congressman Henry Gonzales, Chairman of a banking committee, introduces legislation to repeal the Federal Reserve Banking Act of 1913 nearly every year. It’s always defeated, the media remains silent, and the public never learns the truth. The same bankers who own the FED control the media and give huge political contributions to sympathetic members of Congress (Reference 12, P. 155-163, Reference 22, P. 158, 159, 166).

31

Who is personally benefitting from the $286 billion in interest then? I’m thinking it’s not shared with the shareholders of those banks and obviously isn’t on their earnings statements. Where does it go?

32

to china and the middle east. Just kidding good question

33

Yeah, I’m not sure this is as bad as it seems. If the FED then sells those bonds to investors to get it’s money back, then really they are just an intermediary. Their only “profit” would come from the difference between their purchase and sale price of the bonds. The real people that get the interest are the people holding the US bonds. That would be primary foreign countries at this point.

It sounds like without the FED we’d just print money to cover any deficit. That sounds like as sure recipe for huge budget deficits and rampant inflation. That’s not a good solution either.

We really need to get government spending under control then only print enough money to meet GDP growth and print it interest free.

34

i think it depends on what you are looking to do with your property on what is the best for you hard money or traditional. If you are flipping your houses and can do it in 3 or 4 mos. then hard money will be sufficient and probably easier but if you want to keep the properties as rentals or plan on having them awhile 4,5,6, mos. or more then traditional financing might suit you better…hard money is more expensive.

Matt