Finally A Good Solution To The Financial Crisis

SEND THIS TO YOUR CONGRESSMAN

There is an easy solution to this problem that will satisfy homeowners, taxpayers and the institutions that caused the problem. We don't need an economic problem.

The problem centers around loans that have dramatically increased their interest rates on supposed unsuspecting homeowners (even tho they could have read it in bold print on their loan documents) and on unscrupulous lenders who permitted mortgages to be given to people who did not have the means to repay.

Since it centers on professional lenders, they should be the ones who are penalized.

Here's the simple solution: make a law that changes the terms of all sub-prime loans. The law would read that, instead of changing interest to the higher rate virtually overnight at the end of the term (1-5 yrs typically), extend the term to 10 years and allow the interest to increase incrementally (the rate jump divided by 10, per year).

This would penalize the lenders, but allow them to still have "good" loans on the books. This would allow homeowners to (1) keep their homes and (2) increase their incomes more gradually to overcome the rate/month increases in their mortgage monthly payment.

The lenders get to stay in business, any bailouts are minimized and graduated over 10 years, and the value of your home and my home remains stable. It also allows the homeowners in trouble to maintain their credit, helping the banking system.

End of problem. Questions, anyone?

Mod Edit: All Caps – Please Review This Link.


[edit on 26/9/2008 by Mirthful Me]

How about fixing the root-source of the problem?

The USA never had any deficit until the establishment of the Federal Reserve Bank (in 1913). Which then engineered a financial crisis that caused the Fed Government to go bankrupt (in 1933), turning over all gold/silver backing to the Fed Res to (unsuccessfully) pay off the debt. Since then, we've been in a boom-bust economy until now we're on the verge of seeing another repeat of the Great Depression.

So it seems to me that very nearly all of the USA's problems could be solved in four ways:
#1: Dissolve the Federal Reserve "fractional banking" system based on worthless fiat money & restore the gold/silver backing that we used to have before the Federal Reserve Bank went into business.

#2: Enforce the Constitution (& especially its expressed limitations) back onto the government...This will cause it to down-size to a fraction of its current operations (significantly reducing the expense of maintaining it) & should even serve to abolish the individual income tax on individual wages.

#3: Support more American industries (including the promotion of alternative & renewable energy sources) to operate within our own borders, instead of letting Big Corps outsource all of our jobs...We'll be able to boost our tangible GDP & have more influence on world trade again.

#4: Enforce measures that will put Citizens back into the new jobs again, instead of hiring illegal aliens & wasting our social support structures on them.

[edit on 26-9-2008 by MidnightDStroyer]

Originally posted by MidnightDStroyer
#3: Support more American industries (including the promotion of alternative & renewable energy sources) to operate within our own borders, instead of letting Big Corps outsource all of our jobs...We'll be able to boost our tangible GDP & have more influence on world trade again.

YES! Nicely done!

Stop buying sneakers that cost LESS THAN $20.00 to make for MORE THAN $100.00, I am looking at Nike and Reebok here folks ... these companies spend Tens to Hundreds of Millions of Dollars on Athlete Endoresements. They specifically left the United States as manufacturers because they said they could not afford American Workers. DON'T BUY THE LIE!

If you are home owner in USA , you may be able to do something like this :

Try acting the role of the CREDITOR and stop acting the DEBTOR .

When you have APPLIED for the loan ; your SIGNATURE has created the " MONEY " .

You have the CAPACITY to act BOTH roles .


You have always acted as a DEBTOR , here is your chance to act CREDITOR .

You have the power to create LAWFULL + LEGAL documents ; which would allow you to SUE your bank for FRAUD .

You all also have ALL the LEGAL & LAWFULL powers to stop ALL REPOSSESSIONS .

The mortgage is between your " person " and the bank .

You are not a " person " ; you have a " person " .

If you want to really be entertained , informed and awakened to MATRIX'es existence and see how deep the RABBIT HOLE goes ?

Try to ask what is ADMIRALITY JURISDICTION and what has it got to do with REPOSSESSION ACTS .


IF you can ; search ROBERT ARTHUR MENARD on YOUTUBE and search WINSTON SHROUT .

Search for FREEMAN ON THE LAND , there is REMEDY for the OBLIGATIONS & LIABILITIES which ILLUMINATE already planned for all us .




WAKE UP and see the REAL MATRIX ,with your own eyes !

UCC are the applied backbone protocols for REAL MATRIX'es sustenance and ILLUMINATE is playing by those protocols .

WE all are busy AGREEING with ILLUMINATE's decisions , because we are not USING admirality juridictionary protocols and rules to tell them what to do .

I like LIZARDS .

Originally posted by 23432
Try acting the role of the CREDITOR and stop acting the DEBTOR .

Yep...You mentioned using the UCC & some of the forms to fill out? I've got some details & links posted over here. Specifically, the form you would need most is the UCC1 form: Other related forms, when properly filled out will separate the Strawman from your flesh-n-blood self, makes you the Creditor, gives you full Power of Attorney & even obtains full Copyright! That way, whenever the government tries to use your (Strawman's) name to get any kind of assets/money, they have to either start paying you royalties or maybe you can even sue them. The rest of the linked thread is a good read too!

Originally posted by 23432
Try to ask what is ADMIRALITY JURISDICTION and what has it got to do with REPOSSESSION ACTS .

I also mention a few things about how the IRS tries to drag you into an Admiralty Court when they serve you Notice of Lien...I posted a 3-part post over here about that. One important thing to understand in Admiralty Court is that the only jurisdiction that's valid there is over International/Maritime Contracts...As long as no one can produce such a contract with you as (one of) the signatory parties, then you've committed no violation!

Granted, these links are only a start...There's lots more research & legal consultation required before you'll be able to accomplish anything.