Susanne Posel, Contributor
On ABC’s “This Week”, George Will, columnist for the propaganda news outlet Washington Post, spoke out against Ben Bernanke, Chairman of the Federal Reserve and his decision to instill QE3 which is essentially, “the government printing money.” Will pointed out that this latest move is covert “trickle-down economics” where citizens are forced to invest in equities in order to continue to prop up the economy to perpetuate the false sense of reality the American public lives under.
Last week, Bernanke announced that the Fed would purchase $40 billion per month in toxic assets called mortgage-backed securities. While this scheme will devastate the US dollar’s value by the very act of printing more money, there is a secret bailout of certain financial institutions occurring under the radar.
QE3 serves as a “regressive redistribution program” for the banksters who are enjoying a surge in their wealth under current economic conditions.
The Federal Housing Finance Administration (FHFA) recently announced that “strategic defaulters”, i.e. those homeowners who have abandoned their mortgage because they could not continue to make the monthly payments will be jailed for this “crime”.
The FHFA oversees Freddie and Fannie Mac, the mortgage corporation owned by the US government. The FHFA are focusing their efforts on criminally prosecuting all American citizens “who abuse the FHFA programs” by walking away from their foreclosure.
Statistically speaking, according to the FDIC:
- 1 out of 200 homes will be foreclosed upon
- 250,000 new households enter foreclosure every 3 months
- 6 out of 10 homeowners are delinquent on their mortgage
Morgan Stanley is the financial institution that took in the mortgage-backed securities and offered their derivatives across the global market. Recently, Morgan Stanley’s stocks have been dramatically dropping, and they blame the securitized loans and derivatives as the cause of this plunge into insolvency.
This reversal of the crash of 2008 ensures that the banksters get paid, the propping up of the stock market continues, while subversive measures committed today will cause the fall of the American economy in a few short years.
Freddie and Fannie were given $187 billion by the taxpayers to keep them afloat and the FHFA have begun sending their investigators to seek out those strategic defaulters in a fear-mongering campaign to ensure homeowners remain in debt to the banks and ultimately the US government under directives given by the central banking cartels.
These people are described in the mainstream media as being squatters in their own homes — demonized as dead-beats and freeloaders — living off the government’s dime by refusing to pay their mortgage. It is an attempt to shift the social consciousness away from sympathy for those losing their homes to the technocrat-created mortgage-backed securities scandal.
Heath Wolfe, assistant general for audits at the FHFA, views these victims as schemers who deserve to be punished. Wolf explained: “We are working with Fannie and Freddie to build a mechanism [to identify strategic defaulters].”
The American public will now be forced to serve time in debtor’s prison for purposefully abandoning a mortgage mess they were coerced into by the very banks that are benefiting from the Fed’s purchase of mortgage-backed securities.
Between the cost of $650 billion and $1 trillion, the foreclosure crisis has devastated the American landscape like no other scheme invented by the technocrats. The mega-banks JPMorgan Chase, Wells Fargo, Bank of America who serviced the mortgages that resulted in not only the forcing of Americans out of their homes, but an estimated $7,200 in foreclosure fees to the victims adds insult to injury.
Just in Coon Rapids, Minnesota, there have been more than 3,900 foreclosures with an increase in state and local security costs after having placed many of these homeowners on the streets.
At a time when 46 million Americans are currently at or below the poverty threshold, and the average annual income is $23,200.00, QE3 is touted as the answer to rampant unemployment.
Senator Bob Corker is doubtful that QE3 will produce the results Bernanke claims. Bernanke states that it is “the weak job market” that Americans should be focusing on. And while most who listen to the mainstream media may fall for this distraction, the Fed is quietly acquiring massive amounts of property in the US through their purchase of mortgage-backed securities.
In fact, in the US, there are an estimated 1.5 million homes currently in the foreclosure process. Under the current QE3, the Fed will own those properties once the foreclosure is complete.
Bernanke has not indicated how long the purchase of toxic assets will go on. In corporate media this move is being viewed as a detriment to the Fed and may be its undoing. However, this is a skilled and well thought-out plan by the central bankers. The point is to create a huge land-grab within the US where the Fed owns massive amounts of land and can leverage this acquisition against the American public as the transition becomes apparent.
The plan that is covered by the shock of QE3 and even the exposure of the hidden banker bailout still cloaks the real purpose of this move by Bernanke to purchase these toxic assets. As the true controllers of this country, the central bankers are now acquiring massive amounts of land in the US with the purchase through QE3. Not only will Bernanke own a massive amount of American land, he will be able to enforce any and all foreclosures as a recovery effort for the Federal Reserve to collect on their investment.
The American public has been reduced to serfs, chained to a manufactured debt invented by the technocrats and banking cartels.
Susanne Posel is the Chief Editor of Occupy Corporatism. Our alternative news site is dedicated to reporting the news as it actually happens; not as it is spun by the corporately funded mainstream media. You can find us on our Facebook page.