Thursday, March 1, 2012

Public banks can expose MERS fraud, claim houses for local communities

Carl Herman, Contributing Writer
Activist Post

Leading author Ellen Brown explains in the video below with Jeff Rense how public banks (and here) can expose the big banks as having destroyed legal title to mortgaged homes when they gambled with so-called “mortgage backed securities.”

Through public banks, these homes can be claimed through eminent domain, then be rented or resold within their communities rather than be left empty, destroyed by vandals, or profit the banks that destroyed title. Another advantage of public banks is at-cost credit. Three examples of its benefits:
  1. They can lend to itself for infrastructure investment rather than sell bonds. This eliminates the typical 50% nominal cost increase by having to fund infrastructure through private debt.
  2. At-cost credit can provide 1-2% mortgages, reducing current nominal mortgage costs by nearly half.
  3. Public mortgages could supply all needed local tax revenue.


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2 comments:

Anonymous said...

Didn't the recent House vote affect this idea?

"The House on Tuesday afternoon approved legislation that overturns a 2005 Supreme Court decision that affirmed the ability of states to take control of private property under the doctrine of eminent domain and hand it to another private developer."


http://thehill.com/blogs/floor-action/house/213129-house-votes-to-overturn-supreme-court-property-rights-decision

Anonymous said...

Public banks? Public Mortgages? What then Public Land? Communal Farming?

Didn't anybody here study history? The most basic form of communism is communal farming and even Lenin found it didn't work. The pilgrams tried it the first year they arrived at Plymouth Rock and it nearly starved them to death. This will ideaology would end badly.

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