Oldtent Archives 2010

Does anyone know of anyone anywhere who has been correctly diagnosed with Alzheimer’s that has regained normal cognitive abilities. My siblings have just made arrangements to have my mother placed in an assisted living home. I said to myself that as long as I was living and able to take care of my parents that I would never allow it. But my siblings would not allow us to take care of her. They say that she is too far gone and is combative. This disease is killing families. Why is it become so widespread in a relatively short amount of time.

Going to bed.

You are one resiliant and smart lady! I’m aiming some of that gooood tent energy your way. You doing a great job staying in touch while your machines are staging a rebellion.

http://hussman.net/wmc/wmc100125.htm

just won’t go away !   We normaly get 3 in of snow for the year in Central Virginia ..this is our second 18 in snowfall .!   Thats 12  times   normal  !

Three years ago I noticed that credit was available to anyone and the Government was changing the bankruptcy laws. Every observation since then has confirmed what the scriptures say about how the U.N. (The Beast) will be used to clamp down on anyone who refuses to comply with NWO directives.  Can’t say about every step where we are headed but Satan said that no man would stay faithful to God when he is put under great pressure.   Harder times are coming.   BDC

Obama also said “we” can’ afford tax breaks to big business. But they can to very small businesses most probably with minimum wages. So they will not only hurt good wage jobs but promote out sourcing jobs. They also can’t have people selling their home and retiring in Florida when they spent all their social security money. If they have to rent and have lower wages or have a upside down mortgage they can’t afford to retire can they.

Ok , I have written a piece about the information of the government supporting the banks in their foreclosure purchases to put on a website and to send to some news people, and representatives in Congress.
If you would like to take a look at it and give me some feedback, it would be greatly appreciated.
For those of you who would like to review what I have written , please email me at claptona3@yahoo.com and I will send you a copy to review and give me feedback on.
I really do appreciate all your comments and additional information you have given me.
This is a great group of people, and I feel grateful that I am associated with the Goldtent.
Regards

Yep maybe the Gov. is collecting all this property so they can pay off their dept to China. Im wonderning what their intention are except gettiing kick backs financially and election money. I don’t see the economy bouncing back soon. Too bad we can’t throw these houses in the river like

 tea bags. Hum let me think on that one for a minute.

Press and people being intellectualy challenged because theyre being made to feel bad about being successful  from hard work and how mean “some” people were or the Government which at the same time their supposed to trust yep. After all they deserve it right.  People are so wrapped up in themselves they  won’t be interested till too much dammage is done or it hits home and were living like were in a third world country.

I’ve been saying for awhile now that the world is being foreclosed on.

What a great scam ‘they’ lent us digital money now they’re foreclosing on anything with atoms with a debt attached.

I just think it it is disgusting that the gooberment is saying they are ticked off at the banks, while telling the banks not to lower any principle to the mortgage holders.
As Obamamama has stated many times in his speeches. “We’ll help with modification, but with no lowering of the principle amount.” He has stated this many times.
The Treasury is financing the banks purchase of the foreclosures with taxpayer monies!! (This has been going on since 2008 when the banks still had not “repaid” the TARP money) They are the ones that came up with this great REO plan for the banks to make money on. Treasury, Paulson and Bernanke, said hey we can’t let housing prices drop, and as we try and artificially support home prices, we have to do it on the sly. We’ll have the banks buy them, turn it over to the FDIC, or HUD, Fannie Mae, or Freddie Mac.
Then auction them off, and keep the selling prices secret . Like the FDIC did here in Atlanta.
Sorry, but I do not think this is right, legal or moral from a “transparent ” government that Obamamama campaigned on. It is junk, it is royally screwing American taxpayers and home owners.
I just did not know the depth that the government had gone to in it’s run for power and control. It is bad enough to try and manipulate the price of Gold and Silver, screw around with the numbers about the economy.
When the gooberment lets people loose their homes because they have a plan to use banks to artificially support all the houses coming on the market due to foreclosures, it is dead wrong.
I am not looking to blame banks, the guys who should have not bought a house in the first place or the gooberments loose money policies. That is a debate for some where else.
What is wrong, and should be changed, is allowing banks to buy foreclosed houses on the cheap with taxpayer monies.
The 80’s were different, in regards to the high interest that caused the problems, and housing prices had a chance to continue to go up, not because the gooberment was trying to support the price of houses. This is a whole new ball game.
The government helped cause the problems by not enforcing rules that were in place. Banks helped because they were so greedy and gambled that housing prices would always go up. And yes , there were those people that should not have bought houses to begin with.
ARM’s were known by both the government and banks - a risky way to buy properties. No verification of income - banks bought into it because others did - but how stupid can you be when you are supposed to know how to handle money??
To continue to support banks, to allow taxpayers to loose their homes ( because the treasury thinks it is smart enough to artificially support prices ) is insane.
Again, maybe I am real naive about this stuff, but it sure makes no sense to me. I am amazed that it is legal, that no one has objected to this, and all members of our government have endorsed this.

Your $200,000 home drops 50% in value and is now worth $100.000, which is less than your mortgage.

You default on the mortgage and the home is foreclosed on by the bank.

The bank now owns your home but had to write off the difference between the present value of the home and the mortgage, so the bank is in trouble and facing bankruptcy.

The government steps in and “loans” the bank whatever it needs to stay solvent.

The government has no money to loan so they borrow the money from the Federal Reserve.

The Federal Reserve prints the money for about $.07 for (lets say) a $100 bill.

So for $.07 (printing cost) X 1000 ($100 bills)= $70.00 the Federal Reserve loaned $100,000 to the government who has to repay that $100,000 with interest to the Federal Reserve…. and the Government ”loaned”  that $100,000  to the bank so the bank would not go bankrupt….. ????

Here’s where I’m lost. Who owns that home now??? The bank who has nothing invested in that home  because the Government gave the bank the bailout money??? Or the Government who ”loaned” the bank the bailout money???? or the Federal Reserve who printed that money for $70 and loaned it to the Government????

My bet is that the home(s) now belongs to the Federal Reserve, who also now owns all the gold remaining in Fort Knox, and all the other real assets in the US, or at least this is where we are in the midst of right now…. with the Federal Reserve getting control of all the real assets in the US.

Now lets see… Who owns the Federal Reserve??? Oh yeah…. That’s the PTB who must be very close to foreclosing on the US who no longer owns anything and can no longer service their debt, nor does Jane and Joe Sixpak own anything since the government robbed them through taxation to try to keep their pyramid scam afloat.

Well, I’m getting lost again here. What’s next??? One world government??? New digital currency??? The Chip??? Mass Genocide??? All of the above??? Somebody help me out here!!!

www.youtube.com/watch?v=ekthMw1Q1I4

1.A day without sunshine is like night.

2. On the other hand, you have different fingers.

3. 42.7 percent of all statistics are made up on the spot.

4. 99 percent of Politicians give the rest a bad name.

5. Remember, half the people you know are below average.

6. He who laughs last, thinks slowest.

7. Depression is merely anger without enthusiasm.

8. The early bird may get the worm, but the second mouse gets the cheese in the trap.

9. Support bacteria. They’re the only culture most people have.

10. A clear conscience is usually the sign of a bad memory.

11. Change is inevitable, except from vending machines.

12. If you think nobody cares, try missing a couple of payments.

13. How many of you believe in psycho-kinesis? Raise my hand.

14. OK, so what’s the speed of dark?

15. When everything is coming your way, you’re in the wrong lane.

16. Hard work pays off in the future. Laziness pays off now.

17. How much deeper would the ocean be without sponges?

18. Eagles may soar, but weasels don’t get sucked into jet engines.

19. What happens if you get scared half to death, twice?

20. Why do psychics have to ask you your name?

21. Inside every older person is a younger person wondering, ‘What the hell happened?’

22. Just remember — if the world didn’t suck, we would all fall off.

23. Light travels faster than sound. That’s why some people appear bright until you hear them speak.

24. Life isn’t like a box of chocolates. It’s more like a jar of jalapenos. What you do today, might burn your butt tomorrow.

there was a time in Chicago when you bought a politician..he stayed bought…

Will the Obamanator stay bought ?

i got my education in the 1980’s when the housing market here got trashed. the finance people are all very tough until they figure out how much they lose on a foreclosure late in the game. if you are one of the first ones in your area to be foreclosed on, you don’t get much slack. the last ones get to live in the house until it sells.

this cycle seems to repeat every 25-30 years. just long enough for everyone who knows what’s going on to be gone.

rno

Not get off Claptona’s situation …..but to counter the fear that may be running through some minds with talk of a 1000 Dow….first It ain’t going to happen ..Low will be the retrace from 2,700 to 2,200 on Black Tues in 87…Next ,Hecla Mining was over 20 dollars a share when the DOW was playing around 900 to 1,200 in 1983 84 so ..don’t get to scared of stuff like this ….

And I have taken my eye off of ASA LTD…it is a stud and going strong all along…that means much of this stuff is NOISE.

This is indeed the policy at the credit card companies, unless you declare bankruptcy (that’s what bankruptcy is for!) The deal is if you use credit cards and run up a balance and then don’t pay, the banks can try to garnishee wages, go after your personal possessions (like a car) and so on. You have essentially spent money you don’t have and it is unsecured by any liens on anything you own.

However, a house is a different story. The mortgage company gave the money to the builder and assorted other panderers to pay for the cost of building the house, marketing it, filing all the paperwork and paying off the state and assorted other crooks with their hand in this pie. You agree to pay off the “loan.” When you default, the bank can do one of two things. It can foreclose, and take back the house as settlement for the lien they hold on the home (after all, they have the dang deed.) Or they can let you continue to live there and come after you. If you still refuse or cannot pay, the bank could indeed hit you with a 1099, but then you would own the house outright as the loan would be cancelled out as it was converted to income for you. You would pay lump sum taxes on the income, but the property would revert to you, no?

At any rate, the home is security against the loan. Non-payment simply means the mortgage company (or mortgage holder) takes back the property in settlement for the loan. Anything other than that, you should fight like hell, beginning with proof of deed and proof of mortgage in hands of the mortgage holder. And then I would also sue the living daylights out of them for harassment, ponzi scams, and intentional infliction of pain and suffering of the psychological kind.

www.theonion.com/content/news/saints_colts_hoping_to_resolve

Well, since the housing problem is near ground zero as regards the whole economic nightmare we’re in I’d say it’s very on topic.

… besides we’re not too concerned about the on topic-off topic thing here anyways as long as people don’t get too carried away, especially on the weekend.

These are my opinions but I think the other admins feel similarly.

Cheers, ipso

road of principal reduction, you need an across the board debt reduction. It is of course logical, but politically impossible.

No, not off topic…right on topic. We are here to help one another and to try to protect ourselves.

Whatever happens, you probably have time right now…to research and prepare for defensive action. The IRS and the banks move slowly, but, eventually they may come calling. Not sure at all that any of this might happen so, was asking if anyone on the Tent had any answers to this problem.  Just guessing and wondering if a potential defense is that you acted in good faith in seeking a mortgage principal reduction and that as the Bank would not cooperate they in fact violated federal law…now, that would be something!…if, you sued them! 

Unless you can express the problem in less than 20 seconds, the masses will fall asleep.  They’ll probably do that at any mention of “GSE” anyway.  They are so dumbed down by the education system  and intellectually neutered by TV that they couldn’t understand.

This is not something I did lightly, not am I looking for any sympathy.
I am just trying to really figure out the ramifications of all the stuff that is being done here.
Government is saying they are doing everything they can, but the more I look at it, the more I think the government is part of the problem in trying to artificially support the housing prices.
We are all here about investments in Gold and Silver, why the government should go back to sound financial principles. This is a major part of that puzzle.If the government is behind the lack of modifications, fearing that if principle is reduced for mortgage holders, then housing prices collapse, and everything goes belly up. Banks get taken over, Freddie Mac and Fannie Mae go out of business. Financial system collapses.
As Obamamama stated in his State of the Union speech , every bailout has been done to support housing prices. Housing prices get trashed, U.S.A. is bankrupt.
This , if true, is worse then the government manipulating Gold, Silver and Bonds!!
Just my opinion, and I do think it has to do with what this forum is about.
Forgive me if I am wrong on this. Ipso and Fullgoldcrown - is this way off topic??

rumor’s the bay by’s highjacked a load o screech and set her off. just local stuff from the oyce pac up ere.