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eric pebble

Liar Loans In Action. Video. Says It All.

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LIAR LOANS in action. Video. Says it all.

SAME THING went on in the UK. [see below]. IT WAS - and still is - ENDEMIC.

You can only "afford" property "prices" IF YOU LIE, because those "prices" have BEEN SET BY LIES TOLD by people over the last 15 years. THESE LIES HAVE SET THE "PRICES" in your town/village/hamlet/city. You can't escape them.

WATCH THIS VIDEO -- and take special note of the last words at the end.....

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=3708

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....///....

The first stage of the police investigation - establishing the lenders’ potential liability over defaults from fraudulent loans - is expected to be completed by the end of the year.

http://www.timesonline.co.uk/tol/money/property_and_mortgages/article2351316.ece

SO - That was back in August 2007: WHAT HAPPENED???

Edited by eric pebble

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LIAR LOANS in action. Video. Says it all.

SAME THING went on in the UK. [see below]. IT WAS - and still is - ENDEMIC.

You can only "afford" property "prices" IF YOU LIE, because those "prices" have BEEN SET BY LIES TOLD by people over the last 15 years. THESE LIES HAVE SET THE "PRICES" in your town/village/hamlet/city. You can't escape them.

WATCH THIS VIDEO -- and take special note of the last words at the end.....

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=3708

Very interesting video Eric. Thanks for posting it.

But don't let the regulators off the hook, OK? It was mainly their fault. The fact that this company was a major donor for Bush's re-election campaign may explain it - partially though, as it doesn't explain Greenspan or Gordon Brown. Or does it? :unsure:

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Very interesting video Eric. Thanks for posting it.

But don't let the regulators off the hook, OK? It was mainly their fault. The fact that this company was a major donor for Bush's re-election campaign may explain it - partially though, as it doesn't explain Greenspan or Gordon Brown. Or does it? :unsure:

Yup ToW == I agree with you.

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I'm afraid it's the usual bilge "bad people lied on the forms to acquire money they had no right to"

Which is pish. There was no money, the banks were lying at their end as well.

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I'm afraid it's the usual bilge "bad people lied on the forms to acquire money they had no right to"

Which is pish. There was no money, the banks were lying at their end as well.

DOUBLE LIAR LOAN? :blink:

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DOUBLE LIAR LOAN? :blink:

of course.

The banks wanted the signatures to go to the city and trade in the documents to get the money to provide the mortgage. They short sold the western hemisphere with no money down.

Bank - nothing

Customer - nothing

Bank offers to lend money, offers form

Customer lies about income, signs form

Bank takes form, packages it into a bond

Bank sells bond, often to someone else who had no money but was happy to sign paper.

Banks provides mortgage/credit card withdrawl money/car loan/what the ****** ever.

Add in fractional/zero reserve banking and there basically was no money circulating - which is why house prices went up and up but everything else didn't.

NOTICE - THE BANK HAS NO MONEY NOR ANY WAY TO ACQUIRE SOME UNTIL THE FORM IS SIGNED.

Edited by Injin

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of course.

The banks wanted the signatures to go to the city and trade in the documents to get the money to provide the mortgage. They short sold the western hemisphere with no money down.

Bank - nothing

Customer - nothing

Bank offers to lend money, offers form

Customer lies about income, signs form

Bank takes form, packages it into a bond

Bank sells bond, often to someone else who had no money but was happy to sign paper.

Banks provides mortgage/credit card withdrawl money/car loan/what the ****** ever.

Add in fractional/zero reserve banking and there basically was no money circulating - which is why house prices went up and up but everything else didn't.

NOTICE - THE BANK HAS NO MONEY NOR ANY WAY TO ACQUIRE SOME UNTIL THE FORM IS SIGNED.

We should just go back to gold coins then. Seriously.

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We should just go back to gold coins then. Seriously.

Can do this with gold coins just the same.

I offer to lend you a gold coin.

You agree and sign.

I take your form and sell it/borrow against it to acquire the gold coin.

The crucial thing is that you, mr Eric Pebble start asking if he guy had the coin at the start of the process, and if not just keep the gift gold coin you recieved amd let the liars go bankrupt.

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Can do this with gold coins just the same.

I offer to lend you a gold coin.

You agree and sign.

I take your form and sell it/borrow against it to acquire the gold coin.

The crucial thing is that you, mr Eric Pebble start asking if he guy had the coin at the start of the process, and if not just keep the gift gold coin you recieved amd let the liars go bankrupt.

MONEY, as a circulating piece of paper, is, by its very nature, borrowed.

It is a receipt entitling you to a promise.

It is not a lie as such, and certainly, if you dont receive a pile of promises after signing, then your signature is void.

However, a banker can expect a pile of promises to be available at a price....its when this pile is not available that he is in trouble...liquidity issues they called it...Id call it insolvency issues as if you have to borrow to pay out, then really that is a ponzi scheme.

This is the difference between a bank and a business.

a business sells you something and you pay them...they use the money to pay someone else or keep in a pile.

the bankers dont....they borrow just about every cent they use, money sitting in their office doesnt earn so they lend that out too.

However, the shadow banking system you illustrate above IS a lie, but not for the reason you suggest...the lie is that the payment to the final mug who ponies up is going to earn interest, when, if you add up all the skims at each and every stage of the mortgage to CDO process, there isnt enough to pay everybody.

Thats why bankers cant find the paperwork over in the US....they lost it....how convenient.

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MONEY, as a circulating piece of paper, is, by its very nature, borrowed.

It is a receipt entitling you to a promise.

It is not a lie as such, and certainly, if you dont receive a pile of promises after signing, then your signature is void.

However, a banker can expect a pile of promises to be available at a price....its when this pile is not available that he is in trouble...liquidity issues they called it...Id call it insolvency issues as if you have to borrow to pay out, then really that is a ponzi scheme.

This is the difference between a bank and a business.

a business sells you something and you pay them...they use the money to pay someone else or keep in a pile.

the bankers dont....they borrow just about every cent they use, money sitting in their office doesnt earn so they lend that out too.

However, the shadow banking system you illustrate above IS a lie, but not for the reason you suggest...the lie is that the payment to the final mug who ponies up is going to earn interest, when, if you add up all the skims at each and every stage of the mortgage to CDO process, there isnt enough to pay everybody.

Thats why bankers cant find the paperwork over in the US....they lost it....how convenient.

The main issue is that of the timing - the bankers have nothing to give you when they make the offer. Therefore you can never have a contract with them, they have no consideration.

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The main issue is that of the timing - the bankers have nothing to give you when they make the offer. Therefore you can never have a contract with them, they have no consideration.

they dont have to have anything....all they need provide me is a means of exchange, the middleman, if you like.

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they dont have to have anything....all they need provide me is a means of exchange, the middleman, if you like.

They aren't providing it, you are.

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They aren't providing it, you are.

what they are providing is confidence. without that, their "Product" needs a lorry to move in exchange for a loaf of bread.

As you say, its a confidence trick.

Murray M Rothbard lays this trick out very well in his book..the Mystery of Banking.

edit

http://mises.org/books/mysteryofbanking.pdf

Edited by Bloo Loo

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what they are providing is confidence. without that, their "Product" needs a lorry to move in exchange for a loaf of bread.

As you say, its a confidence trick.

Murray M Rothbard lays this trick out very well in his book..the Mystery of Banking.

They aren't providing confidence either - the state does that for them.

You signed to borrow, they sold your signature to get the money. Short selling without disclosure.

the only thing that can stop this is knowledgable customers asking the questions and refusing to pay if found.

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They aren't providing confidence either - the state does that for them.

You signed to borrow, they sold your signature to get the money. Short selling without disclosure.

the only thing that can stop this is knowledgable customers asking the questions and refusing to pay if found.

sure you did. You are the reason they can lend to you and expect more back.

same at the other end...Gilt issuance....YOU are the reason people lend to government.

there are only people in this world. they generate loans, assisted by Oil.

If the Oil is running out, then clearly we have a financial issue too.

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sure you did. You are the reason they can lend to you and expect more back.

They didn't lend. That's the point. They sold/borrowed against what you signed and passed the proceeds on, but what they sold was yours.

same at the other end...Gilt issuance....YOU are the reason people lend to government.

there are only people in this world. they generate loans, assisted by Oil.

If the Oil is running out, then clearly we have a financial issue too.

People lend to the government because it has the power to steal anything it likes (and they have no morals.)

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They didn't lend. That's the point. They sold/borrowed against what you signed and passed the proceeds on, but what they sold was yours.

People lend to the government because it has the power to steal anything it likes (and they have no morals.)

brainfreeze.

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brainfreeze.

Which is why they get away with it.

Man offers you form. You sign it,he doesn't. Suddenly it's worth something commercially.

The only thing that makes it worth anything is the bit you added, therefore all the value comes from you.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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