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he opened the third seal, I heard the third living creature saying, 'Come and behold!' and I saw, and lo, a black horse, and he who is sitting upon it is having a balance in his hand
Words of truth
Originally posted by Cyberbian
Debt is slavery, and we have all just been enslaved. Anything you ever thought you saved, or invested in, what has not already been taken in the crash, has in large measure been stolen.
You say you own a piece of land which was worth 100,000 dollars and now it must be worth 250,000 and you are going to be much better off when the money starts to flow? When the new hyper inflated realty sets in because the new money starts to go into circulation.
No, Although you own the land, the banker has 150,000 dollars of it's worth with which to buy it up from those forced out of their holdings.
The money goes into circulation by buying up anything worth having from those squeezed by the economy.
Even if you own it outright, who can you sell it to but the banker at his fire sale price? This is the nature of economic recovery. Those with the cash can buy up the posessions of the rest.
When a bank forecloses on a house it almost always Short Sale's the property under value, and almost always under what was owed on the mortgage
Reminds me of another rip-off, if you already paid off 80% of your mortgage and you default, you get nothing. The bank gets your house and 1000's of dollars worth of your sweat and labour.
Are you including the portion of the house that is already 'bought'?
They are still selling a house they got with money that was created from nothing.
The banks always win.
Originally posted by Rockpuck
It's not your property until you pay it in full. That makes perfect sense to me..
So if I went to the grocery store for some butter and bread, but I only had enough for the bread does the store take my bread money and I walk away with no butter, or bread?
Bad example I know, but you can get my point.