mercredi 23 septembre 2009

More trouble for the Banks. Joy for many people...


Save starving men, the earth can feed all of us and more, Rich are throwing away millions of food to keep prices higher and higher...

Do you find good and just that a few individuals can earn salaries above US $ one billion per year, with all bonuses, incentives, stock options, one hundred million, 20 millions and so on, when others are dying of hunger ?

While large financial assets are growing exponentially and in a continuous manner, debts will increase even much more. It is the responsibility of the working population to generate interest and accumulated interest. This creation takes place directly in purchases - Helmut Creutz, estimates that 40% of the price of consumer goods, at least, are now hidden interest - and most in the form of unfair and unjust taxes.

Even central and local government must provide debt service continuously paying interest and accumulated interest. This development requires an exponential growth of the economy and constantly leads to new crises.

One author, Hermann Kendel from Berlin, describes in detail the propensity to the crisis and the various attempts to moderate. In doing so, he mentioned other consequences of the system of accumulated interest, including the ongoing crisis in the Third World and ecological disaster.

We must work several hours every day to cope with those hidden costs, we have houses 77 % more expansive or smaller, food is twice the price, everything costs too much. 99,9999999 % of the population has to pay those crazy bonuses in New-York to the happy few shylocks.

The US $ has now a value of only 1 swiss franc, from four francs ( 4,47) in 1948, and it will continue to go down. Small is beautiful and Switzerland is very decentralized, we have even the wir system, a private money system. see www.wir.ch

What are they offering ? what "solutions" in one year time ?

Remember, the FED is a private organization, created just before Christmas 1913, the 23th December ( most christian politicians were already gone to buy presents for their families...), to pass discretly a law to racket the poorer, at a very high cost, human lifes, wars, revolutions, terrorism.

They create the roots of most troubles.
 
All the economy is based on loans with interest. Created by a few happy at the cost of more and more poors who are dying.

What are the costs of such a system ? Alcool, drug, psy, depression, cancers, divorces, abortions, wars, crisis, unemployment...


Joy for many people...

Landmark Decision: Massive Relief for Homeowners and Trouble for the Banks

By Ellen Brown


Global Research, September 21, 2009

A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages. That is the number of American mortgages currently reported to be held by MERS. Over half of all new U.S. residential mortgage loans are registered with MERS and recorded in its name. Holdings of the Kansas Supreme Court are not binding on the rest of the country, but they are dicta of which other courts take note; and the reasoning behind the decision is sound.  

Eliminating the "Straw Man" Shielding Lenders and Investors from Liability

The development of "electronic" mortgages managed by MERS went hand in hand with the "securitization" of mortgage loans – chopping them into pieces and selling them off to investors. In the heyday of mortgage securitizations, before investors got wise to their risks, lenders would slice up loans, bundle them into "financial products" called "collateralized debt obligations" (CDOs), ostensibly insure them against default by wrapping them in derivatives called "credit default swaps," and sell them to pension funds, municipal funds, foreign investment funds, and so forth. There were many secured parties, and the pieces kept changing hands; but MERS supposedly kept track of all these changes electronically. MERS would register and record mortgage loans in its name, and it would bring foreclosure actions in its name. MERS not only facilitated the rapid turnover of mortgages and mortgage-backed securities, but it has served as a sort of "corporate shield" that protects investors from claims by borrowers concerning predatory lending practices. California attorney Timothy McCandless describes the problem like this:

"[MERS] has reduced transparency in the mortgage market in two ways. First, consumers and their counsel can no longer turn to the public recording systems to learn the identity of the holder of their note. Today, county recording systems are increasingly full of one meaningless name, MERS, repeated over and over again. But more importantly, all across the country, MERS now brings foreclosure proceedings in its own name – even though it is not the financial party in interest. This is problematic because MERS is not prepared for or equipped to provide responses to consumers' discovery requests with respect to predatory lending claims and defenses. In effect, the securitization conduit attempts to use a faceless and seemingly innocent proxy with no knowledge of predatory origination or servicing behavior to do the dirty work of seizing the consumer's home. . . . So imposing is this opaque corporate wall, that in a "vast" number of foreclosures, MERS actually succeeds in foreclosing without producing the original note – the legal sine qua non of foreclosure – much less documentation that could support predatory lending defenses."

The real parties in interest concealed behind MERS have been made so faceless, however, that there is now no party with standing to foreclose. The Kansas Supreme Court stated that MERS' relationship "is more akin to that of a straw man than to a party possessing all the rights given a buyer." The court opined:

"By statute, assignment of the mortgage carries with it the assignment of the debt. . . . Indeed, in the event that a mortgage loan somehow separates interests of the note and the deed of trust, with the deed of trust lying with some independent entity, the mortgage may become unenforceable. The practical effect of splitting the deed of trust from the promissory note is to make it impossible for the holder of the note to foreclose, unless the holder of the deed of trust is the agent of the holder of the note. Without the agency relationship, the person holding only the note lacks the power to foreclose in the event of default. The person holding only the deed of trust will never experience default because only the holder of the note is entitled to payment of the underlying obligation. The mortgage loan becomes ineffectual when the note holder did not also hold the deed of trust." [Citations omitted; emphasis added.]

MERS as straw man lacks standing to foreclose, but so does original lender, although it was a signatory to the deal. The lender lacks standing because title had to pass to the secured parties for the arrangement to legally qualify as a "security." The lender has been paid in full and has no further legal interest in the claim. Only the securities holders have skin in the game; but they have no standing to foreclose, because they were not signatories to the original agreement. They cannot satisfy the basic requirement of contract law that a plaintiff suing on a written contract must produce a signed contract proving he is entitled to relief.

The Potential Impact of 60 Million Fatally Flawed Mortgages

The banks arranging these mortgage-backed securities have typically served as trustees for the investors. When the trustees could not present timely written proof of ownership entitling them to foreclose, they would in the past file "lost-note affidavits" with the court; and judges usually let these foreclosures proceed without objection. But in October 2007, an intrepid federal judge in Cleveland put a halt to the practice. U.S. District Court Judge Christopher Boyko ruled that Deutsche Bank had not filed the proper paperwork to establish its right to foreclose on fourteen homes it was suing to repossess as trustee. Judges in many other states then came out with similar rulings.

Following the Boyko decision, in December 2007 attorney Sean Olender suggested in an article in The San Francisco Chronicle that the real reason for the bailout schemes being proposed by then-Treasury Secretary Henry Paulson was not to keep strapped borrowers in their homes so much as to stave off a spate of lawsuits against the banks. Olender wrote:

"The sole goal of the [bailout schemes] is to prevent owners of mortgage-backed securities, many of them foreigners, from suing U.S. banks and forcing them to buy back worthless mortgage securities at face value – right now almost 10 times their market worth. The ticking time bomb in the U.S. banking system is not resetting subprime mortgage rates. The real problem is the contractual ability of investors in mortgage bonds to require banks to buy back the loans at face value if there was fraud in the origination process.

". . . The catastrophic consequences of bond investors forcing originators to buy back loans at face value are beyond the current media discussion. The loans at issue dwarf the capital available at the largest U.S. banks combined, and investor lawsuits would raise stunning liability sufficient to cause even the largest U.S. banks to fail, resulting in massive taxpayer-funded bailouts of Fannie and Freddie, and even FDIC . . . .

"What would be prudent and logical is for the banks that sold this toxic waste to buy it back and for a lot of people to go to prison. If they knew about the fraud, they should have to buy the bonds back."

Needless to say, however, the banks did not buy back their toxic waste, and no bank officials went to jail. As Olender predicted, in the fall of 2008, massive taxpayer-funded bailouts of Fannie and Freddie were pushed through by Henry Paulson, whose former firm Goldman Sachs was an active player in creating CDOs when he was at its helm as CEO. Paulson also hastily engineered the $85 billion bailout of insurer American International Group (AIG), a major counterparty to Goldmans' massive holdings of CDOs. The insolvency of AIG was a huge crisis for Goldman, a principal beneficiary of the AIG bailout.

In a December 2007 New York Times article titled "The Long and Short of It at Goldman Sachs," Ben Stein wrote:

"For decades now, . . . I have been receiving letters [warning] me about the dangers of a secret government running the world . . . . [T]he closest I have recently seen to such a world-running body would have to be a certain large investment bank, whose alums are routinely Treasury secretaries, high advisers to presidents, and occasionally a governor or United States senator."

The pirates seem to have captured the ship, and until now there has been no one to stop them. But 60 million mortgages with fatal defects in title could give aggrieved homeowners and securities holders the crowbar they need to exert some serious leverage on Congress – serious enough perhaps even to pry the legislature loose from the powerful banking lobbies that now hold it in thrall.

Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and "the money trust." She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her earlier books focused on the pharmaceutical cartel that gets its power from "the money trust." Her eleven books include Forbidden Medicine, Nature's Pharmacy (co-authored with Dr. Lynne Walker), and The Key to Ultimate Health (co-authored with Dr. Richard Hansen). Her websites are www.webofdebt.com and www.ellenbrown.com.

Aucun commentaire:

Justice = Pax - Peace - Paz - Paix - Vrede - Frieden - Shalom - Salam - Mir - Pau - Pokoj - Shanti - Ashkharh...Abenaki OLAKAMIGENOKA Afrikaans VREDE Akan ASOMDWOE Akkadian SALMU Alabama ITTIMOKLA Albanês PAQE Algonquin WAKI IJIWEBISI Alsaciano FRIEDE Amharic SELAM Árabe SALAM Aranese PATZ Armenio ASHKHARH Assamese SHANTI Aymara HACANA Bemba MUTENDEN Basque (Euzkera) BAKEA Bavariano FRIDN Batak PARDAMEAN Belorusso PAKOJ Bengali SHANTI Bhojpuri SHANTI Isaïe 32, 17

Partagez

Rechercher dans ce blog

Chargement...

Translate

Politesse et étiquette

Les commentaires si possible signés, concis ou non, courtois et pertinents, même très critiques sont appréciés. Toute discussion peut être source de progrès. Les autres, surtout les vulgaires, pourraient être supprimés .

Sites que vous devriez visiter, merci

Jean-Paul II a comparé le rapport sexuel entre les époux chrétiens à l'adoration eucharistique.
Admiration.

http://desiebenthal.blogspot.com/2011/05/le-rapport-sexuel-est-comparable.html
à faire circuler largement, merci, le monde est déjà meilleur grâce à ce simple geste de solidarité.
Krach ? Solutions...
Local Exchange Systems in 6 languages
www.easyswap.org

http://michaeljournal.org

http://ferraye.blogspot.com/

Un pour tous, tous pour un, IEOUA, LIOBA, Alleluia

Un pour tous, tous pour un, IEOUA, LIOBA, Alleluia
Image des rings burgondes

Armoiries de la famille

Armoiries de la famille
Met le dragon qui est en toi sous 7 verrous

Les valeurs suisses

Les valeurs suisses
Un pour tous, tous pour un.

Archives du blog

Qui suis-je ?

Ma photo

François de Siebenthal, Lausanne, Pays de Vaud, Switzerland. A. Consul général honoraire ém. de la République des Philippines, nommé par Mme Aquino. Secrétaire général du Corps consulaire. A. Président de l'association vaudoise de soutien au peuple afghan. Président de la SSB romande Consultant international en développement local. (Philippines, Madagascar, Congo, Togo, Benin, Mexique, Pologne, etc...) Nationalité suisse, Walser. Marié, de Siebenthal & Cie (dès novembre 1991) 3 C (dès février 1988) Conseils aux entreprises dans les domaines financiers, juridiques, d'ouverture de marché et d'organisation, en Suisse, à l'étranger, CEE, Afrique, Amériques et dans la région du Pacifique, ASEAN. - Décorations pour actes de bravoure. Médailles de sauveteur de la Fondation Carnegie sous les auspices du Conseil fédéral et de la Société Suisse de Sauvetage. 00 41 21 616 88 88 ou 079 261 41 54
Auteur de notamment:
http://desiebenthal.blogspot.com/2011/01/le-bilderberg-suisse-vevey-synthese.html

http://desiebenthal.blogspot.com/2009/05/la-crise-va-saggraver.html

http://openlibrary.org/books/OL2093524M/L%27_embryon_un_homme

http://www.lulu.com/spotlight/edsa

Les sept verrous qui bloquent le dragon qui est en chacun d'entre nous.

On triomphe des 7 vices capitaux par l’exercice des 7 vertus opposées.

Ainsi on triomphe :

de l’orgueil par l’humilité,

de l’avarice par la libéralité,

de la luxure par la chasteté,

de la colère par la patience,

de la gourmandise par l’abstinence,

de l’envie par l’amour fraternel,

de la paresse par la diligence et l’ardeur dans le service de Dieu.

Un combat à la fois, un par jour est plus efficace.

Sagesse de la première Alliance...Isaïe 11.1-3

Un rejeton sortira de la souche de Jessé,
un surgeon poussera de ses racines.
Sur lui reposera l’Esprit du Seigneur,
esprit de sagesse et d’intelligence,
esprit de conseil et de force,
esprit de connaissance et de crainte du Seigneur
son inspiration est dans la crainte [piété] du Seigneur.


ll y a sept dons du Saint-Esprit qui nous aident dans ce combat :

1 le don de Sagesse ;

2 d’Intelligence ;

3 de Conseil ;

4 de Force ;

5 de Science ;

6 de Piété ;

7 de Crainte de Dieu.

A quoi servent les 7 dons du Saint-Esprit ?

Les 7 dons du Saint-Esprit servent à nous confirmer dans la Foi, l’Espérance et la Charité ; et à nous rendre prompts aux actes de vertu nécessaires pour acquérir la vie chrétienne et le CIEL.

Qu’est-ce que la Sagesse ?

La Sagesse est un don par lequel, élevant notre esprit au-dessus des choses terrestres et fragiles, nous contemplons les choses éternelles, c’est-à-dire la Vérité qui est Dieu, en qui nous nous complaisons et que nous aimons comme notre souverain Bien.

Qu’est-ce que l’Intelligence ?

L’Intelligence est un don par lequel nous est facilitée, autant que c’est possible pour un homme mortel, l’intelligence de la Foi et des divins mystères que nous ne pouvons connaître par les lumières naturelles de notre esprit.

Qu’est-ce que le Conseil ?

Le Conseil est un don par lequel, dans les doutes et les incertitudes de la vie humaine, nous connaissons ce qui contribue le plus à la gloire de Dieu, à notre salut et à celui du prochain.

Qu’est-ce que la Force ?

La Force est un don qui nous inspire de l’énergie et du courage pour observer fidèlement la sainte loi de Dieu et de l’Eglise, en surmontant tous les obstacles et toutes les attaques de nos ennemis.

Qu’est-ce que la Science ?

La Science est un don par lequel nous apprécions sainement les choses créées, et nous connaissons la manière d’en bien user et de les diriger vers leur fin dernière qui est Dieu.

Qu’est-ce que la Piété ?

La Piété est un don par lequel nous vénérons et nous aimons Dieu et les Saints, et nous avons des sentiments de miséricorde et de bienveillance envers le prochain pour l’amour de Dieu.

Qu’est-ce que la Crainte de Dieu ?

La Crainte de Dieu est un don qui nous fait respecter Dieu et craindre d’offenser sa divine Majesté, et qui nous détourne du mal en nous portant au bien dans l'amour.


Les dons du Saint Esprit
(CEC 1830-1831 ; ST I-II 68.1-8)


Les dons sont des habitudes, habitus infus, qui sont nous rendent réceptifs aux motions du Saint-Esprit, pour nous faire agir.

« Les dons sont des habitus qui perfectionnent l’homme pour qu’il suive promptement l’impulsion du Saint-Esprit, de même que les vertus morales disposent les facultés appétitives à obéir à la raison. Or, de même qu’il est naturel pour les facultés appétitives d’être mues par le commandement de la raison ; de même il est naturel pour toutes les facultés humaines d’être mues par l’impulsion de Dieu comme par une puissance supérieure. » ST I-II 68.4

Les sept dons du Saint Esprit
(ST I-II 68.4)


Intelligence : nous rend réceptifs à l’action de l’Esprit Saint dans l’appréhension, par l’intelligence, des vérités spéculatives (ST II-II 8.1-8).
Conseil : nous rend réceptifs à l’action de l’Esprit Saint dans l’appréhension, par l’intelligence, des vérités pratiques (ST II-II 52.1-4).
Sagesse : nous rend réceptifs à l’action de l’Esprit Saint dans le jugement, par l’intelligence, des vérités spéculatives (ST II-II 45.1-6).
Connaissance : nous rend réceptifs à l’action de l’Esprit Saint dans le jugement, par l’intelligence, des vérités pratiques (ST II-II 9.1-4).
Piété : nous rend réceptifs à l’action de l’Esprit Saint dans les appétits de l’amour des choses qui concernent un autre (ST II-II 121.1-2).
Force : nous rend réceptifs à l’action de l’Esprit Saint dans les appétits de la crainte des choses qui nous concernent (ST II-II 138.1-2).
Crainte : nous rend réceptifs à l’action de l’Esprit Saint dans les appétits du désir des choses nous concernant (ST II-II 19.1-12).

http://www.lumenc.org/maladies.php