May 25, 2017

SUPER FLU’S CREATED IN LABS: Controversy Brews Over Scientists’ Creation of Killer Viruses

(AUDIO) A virus with the potential to kill up to half the world’s population has been made in a lab. Now academics and bioterrorism experts are arguing over whether to publish the recipe, and whether the research should have been done in the first place.

The virus is an H5N1 bird flu strain which was genetically altered to become much more contagious. It was created by Ron Fouchier of the Erasmus Medical Centre in Rotterdam, the Netherlands, who first presented his work to the public at an influenza conference in Malta in September.

http://youtu.be/R3n-7pKU6Pw


Super-Flu: Controversy Brews Over Scientists’ Creation of Killer Viruses

By Veronika Hackenbroch and Gerald Traufetter, SPIEGEL
Feb. 19, 2012
Should scientists be allowed to create extremely aggressive and highly infectious influenza viruses? Dutch virologists have done it and, in the process, triggered a fierce debate over the risks of bioterrorism and the potential release of deadly viruses.

The 17th floor of the Erasmus Medical Center in the Dutch city of Rotterdam certainly doesn’t look like the kind of place that could pose a threat to global security. A disco ball hangs from the ceiling in the hallway in front of the elevators, and a bar with a golden beer tap stands in the corner of the conference room.

Everything in this 1960s high-rise building evokes the charm of student life, including the door to Room 17.73, which is covered with colorful stickers. But some view the scientist who sits behind that door as a threat to mankind.

Ron Fouchier, a giant of a man at more than two meters tall (6’6″), has dark circles under his eyes. His life has been stressful lately. “They want to paint me as a homicidal idiot,” he says heatedly. He is referring, most of all, to a powerful institution from the United States, the National Science Advisory Board for Biosecurity (NSABB).

In his work Fouchier, a virologist, uses the methods of a branch of research that is as booming as it is controversial. Synthetic biology employs targeted manipulation through genetic engineering to construct new organisms. The 45-year-old’s research has even set off alarm bells at the World Health Organization (WHO). This week, Fouchier will appear before an international panel of experts at the WHO to explain his experiments.

Fouchier is attracting so much attention because he has created a new organism. And although it is tiny, if it escaped from his laboratory it would claim far more human lives than an exploding nuclear power plant.

The pathogen is a new mutation of the feared bird flu virus, H5N1. In nature, this virus, which kills one of every two people infected, has not yet been transmitted from humans to humans. So far, a relatively small number of people have caught the virus from poultry, and 336 people have died.

Scientific Wake-Up Call

For years, experts feared that the adaptable virus could soon mutate from being primarily a bird killer to a highly infectious threat to humans. But as the years passed and this did not happen, many hoped that it might not even be possible, and some of the fears subsided.

But now Fouchier’s experiments have given the research community a wake-up call. The scientist performed only a few targeted manipulations on the genetic material of the ordinary H5N1 virus and, to make the virus even more dangerous, he repeatedly transmitted it from one laboratory animal to the next.

“In the end, the virus became airborne,” the Dutch scientist explains. From then on Fouchier’s ferrets, animals that most closely resemble humans when it comes to influenza, transmitted the virus to each other without direct contact, through tiny droplets of saliva and mucus.

Many scientists are particularly impressed by the fact that, at almost the same time, another research team also managed to produce a bird flu virus that could be transmitted via airborne respiratory droplets. To achieve this, virologist Yoshihiro Kawaoka of the University of Wisconsin combined the avian flu virus with the swine flu virus. The newly created superbug is highly infectious, however not particularly dangerous to the ferrets Kawaoka used in his experiments.

Articles Not Published The scientific community anxiously anticipated learning about the details of the experiments. What exactly had Fouchier and Kawaoka done? How had Fouchier manipulated the bird flu virus? And, most of all, must the medical community now fear that the natural bird flu virus will develop in similar ways? Scientists hoped to find answers to these questions in findings that were to be published in the scientific magazines Nature and Science.

But the articles were not published. Officials from the NSABB had called the magazines’ executive editors to prevent their publication. Because of the potential risk that the newly created bird flu viruses could be used as biological weapons, the organization asked the journals not to publish Kawaoka’s and Fouchier’s results, or at least not in their entirety.

This suddenly puts Fouchier at the center of an explosive controversy over biosecurity and academic freedom. Should scientists be allowed to create artificial viruses and bacteria, even if they are dangerous to human beings? What safety standards should be applied to their work? And should their controversial results be published, or is the risk too great that they will be misused as instructions to make biological weapons?


The debate has caused two opposing worlds to collide. The virologists, on the one side, suspect that the bioterrorism watchdogs are being paranoid. The terrorism experts, on the other, feel that the scientists are simply naïve.

‘A Door Has Been Pushed Open’

The NSABB censorship came as a shock to most influenza researchers. “I’ve never seen anything like this,” says Hans-Dieter Klenk, an influenza expert in the German city of Marburg. His colleague Stephan Ludwig, a virologist at the University of Münster in northwest Germany, sees the move as a threat to scientific freedom. “A door has been pushed open here that won’t be so easy to close again,” he says.

For many of the scientists, the idea that terrorists could misuse their viruses as weapons is simply absurd. “If I wanted to kill a lot of people, I would rent a truck, fill it with gasoline and fertilizer and blow it up,” Fouchier says testily. Reinhard Burger, president of Berlin’s Robert Koch Institute, Germany’s federal institution for disease control and prevention, says: “I think the risk of misuse by terrorists is low.”

Michael Osterholm, the most prominent member of the NSABB, completely disagrees. “I don’t think it’s a question of whether terrorists will use infectious pathogens to kill innocent civilians,” he says. “It’s just a question of when and how they do it.”

High-Level Pressure

Osterholm can feel confident that he has support from the highest levels of the US government. Last December, US Secretary of State Hillary Clinton made a surprise appearance at the annual biological weapons convention in Geneva. Such a high-ranking US official had not attended the event in decades.

Clinton spoke of “warning signals,” even “evidence” that al-Qaida was trying to recruit “brothers with degrees in microbiology or chemistry.” “The nature of the problem is changing,” she told the delegates. “A crude, but effective, terrorist weapon can be made by using a small sample of any number of widely available pathogens, inexpensive equipment and college-level chemistry and biology.”

To buy some time in the face of so much opposition, 39 influenza researchers from around the world began a 60-day moratorium on all research related to controversial viruses at the end of January. “We realize that organizations and governments around the world need time to find the best solutions for opportunities and challenges that stem from the work,” the scientists wrote in an open letter published in Nature.

But the scientists are deeply divided over what exactly these solutions should look like. While some would prefer not to make any changes, Richard Ebright, a molecular biologist at Rutgers University, proposes making research with artificially produced bird flu viruses subject to strict regulation, as is the case with pox viruses.

Past Experiments

But if such regulation is imposed, it will have to apply to more than avian flu viruses. Similarly controversial experiments have also been conducted with other pathogens:

— In 2001, a mouse pox virus that was 100-percent fatal was accidentally created in an Australian laboratory. The genetic makeup of the killer virus was published.

— In 2005, scientists at Stanford University calculated that a terrorist attack with botulinum toxin in milk could kill 568,000 people. The Bush administration tried in vain to prevent the paper from being published.

— Nature recently published instructions on how to create the plague virus.

— The influenza virus that caused the devastating Spanish Flu in 1918 has been completely recreated.

But security authorities only seem to be getting uneasy now, as they suddenly ask themselves a fundamental question: How great is the risk that such pathogens could escape from the laboratory, and that scientists would trigger precisely the devastating pandemic that they are in fact trying to prevent with their research?

Differing Safety Levels

Most virologists feel that the risks are justifiable. “We have set up a laboratory here that has three separate physical barriers,” Fouchier insists. The core of the laboratory consists of wardrobe-sized boxes outfitted with glass windows, each containing four cages of ferrets.

Two pairs of black rubber gloves are poking into the boxes. “Before we take swabs from the animals or inject viruses into the nostrils, we put steel gloves on over the rubber gloves,” says Fouchier. For security reasons, he is not even willing to provide the exact location of the laboratory.

The low pressure in the boxes provides additional protection, because it is intended to ensure that even in the event of a leak, no viruses will escape. In addition, everything that leaves the boxes is disinfected with acetic acid in a safety area.

“And if I did infect myself, we have isolation wards in the adjacent hospital,” Fouchier explains. “It’s practically impossible for one of my team members to accidentally take the virus along into the Rotterdam subway.”

Nevertheless, not even Fouchier can deny that pathogens have escaped from highly secure laboratories. The “Russian flu” of 1977 may have been triggered by a lab virus. SARS, a respiratory disease, almost returned when laboratory workers became infected with the coronavirus during their work. A scientist in Chicago even died of SARS in 2009.

Hundreds of new virus laboratories have been established worldwide in recent years, and highly dangerous pathogens are used in a large share of these laboratories. “The risk of a virus being released accidentally is considerable,” says critic Ebright.

That, says Ebright, is why future research involving bird flu viruses should only be done in laboratories with highest so-called biosafety level, BSL-4. Currently only the second-highest level, BSL-3, is required. During their experiments, Fouchier and Kawaoka only wore lab coats and breathing masks, not the “spacesuits” that virologists wear when they are working with pathogens like the Ebola virus.

‘An Early Warning System’

Fouchier would prefer to take things a step further and send his pathogen to other labs around the world. “We are at the very beginning, and we need as many scientists and their ideas as possible, so that we can understand why this new virus is so contagious,” he says.

In the end, whether the experiments with Fouchier’s super-flu virus will continue or possibly be stopped altogether will probably not be determined by issues of safety, but by their potential benefits.

The situation is clear to Fouchier. Using his killer virus, he wants to find out which mutations in the genome are responsible for the extreme infection rates. “We’ll know where to look in the future,” says the virologist, who hopes that his research will allow him to develop an “early warning system for pandemics.”

But this is precisely what others see as an illusion, noting that the monitoring of poultry and especially pigs, in which new viruses develop with particular frequency, is still far too incomplete. A colleague who knows Fouchier’s work very well says that the experiments are “nothing more than a piece of the puzzle.” Translated from the German by Christopher Sultan

WORLD WIDE WHITE SLAVE TRADE CENTERED IN ISRAEL: Post “BLACKLISTED” Or “Buried” By GOOGLE [RE-POST] Modern Day Slavers – “Their God Granted Right?!”

For some reason we can’t find this post Online anywhere? Under our name or under it’s posted title. It was ranking near the top of the listing at number 2 or 3 spot. Hmm.

Maybe it will show up later 🙂

In the mean time, here is a re-post. It’s quite a good posting, actually.

ISRAEL – NOT SO COOL FACTS: Every American Should Know

Israel Hebrew website says that the total annual profits garnered from white slavery in Israel have reached the US $1 Billion Dollar mark. (2005)

10,000 Eastern European and Russian girls are lured to Israel each year and enslaved as prostitutes.

Over the past decade, about 100,000 women have been trafficked into Israel in what Keidar calls “modern slavery”.

Leviticus 25:44-46 (New American Standard Bible)

44 – As for your male and female slaves whom you may have—you may acquire male and female slaves from the pagan nations that are around you.

46 – You may even bequeath them to your sons after you, to receive as a possession; you can use them as permanent slaves. But in respect to your [b]countrymen, the sons of Israel, you shall not rule with severity over one another.

Slavery is Legal to the Jewish People. A right granted to them by GOD!
And they take their Religion very seriously!

IF you Google: WORLD WHITE SLAVE TRADE CENTERED IN ISRAEL = About 13,600,000 results

IF you Google: Jews and the white slave trade = About 7,030,000 results

IF you Google: Jews and the black slave trade = About 9,100,000 results

These people are Professional Slavers, and they have been doing it a long time. And it doesn’t matter if you are black or white.
They are Equal Opportunity Slavers 🙂
The only reason you don’t know about it, is because they control all mass media.

Time to wake up.


Sex Slavery in Israel

White slave trade now earns US$1 billion annually in Israel.

A REPORT carried by the “News Israel” Hebrew website on the Internet on Wednesday, March 23, 2005 says that the total annual profits garnered from white slavery in Israel have reached the US$1 billion mark.

The website reported that the white slave trade has become a real industry in Israel.

The website noted that the figures on the industry were given today to the Speaker of the Knesset Ruby Rivlin by deputy Zahafa Galoun of the Parliamentary Investigations Committee.

The website reported that compiling the report took a period of four years during which the conditions of the white slave trade in Israel were observed. It became evident that the number of prostitutes who arrived in Israel rose from 3,000 to 5,000 women. The price of a woman in the prostitute market is between $8,000 and $10,000.
According to the report, the prostitute works from 14 to 18 hours each weak but receives only 20 shekels of the 120 shekels paid to the “owner of the lady.” The report said that although there had been minor improvement in the fight against the white slave trade, and in spite of the massive efforts that the police and Zionist courts have made, the mafia running the trade continues to do so on a large scale and effectively.

The report urged Zionist courts to pass rulings that are more powerful and severe against the traffickers in white slaves, stiffening penalties for the masters and bosses in the trade.

This suggestion is exactly the same one offered by the latest report from the US State Department on the condition of women in the Zionist entity. That report said that tougher laws needed to be enacted after Israel had become the biggest center for the export of prostitutes in the world.

It is worthy of mention that the Zionist police force grants official and legal work permits to many brothels in Israel. It has become known that top officials in the Zionist police agencies own many of them.

Eric Mueller writes:

THE Arabic press watches what comes out of Israel in Hebrew as well as English.
Although the Zionists are quite good at presenting what they want the world to know about them in English, sometimes the more ackward information doesn’t make it out of Hebrew.
So, in case this latest landmark in Jewish commercial success is not properly noted in Forbes or The Wall Street Journal, I’m providing my translation of the Arabic version by of the Hebrew report.

Eric Plano, Texas, is our website’s resident Arabic expert

***


Israel’s Slave Trade Continues Unabated
by Christopher Bollyn
10 December 2002

An Israeli parliamentary report found that thousands of non-Jewish women remain enslaved in Israel’s sex industry, and that traffickers go unpunished.

However, with billions of dollars in U.S. aid at stake, the State Dept. says Israel is making “significant efforts” to eliminate human trafficking.

Update: instead of eliminating the sex slave trade, news reports are showing that it is increasing in Israel. For example, in 2005:
Israel’s Sex Trade Escalating
3,000-5,000 Women Smuggled Into Country In Last Four Years

JERUSALEM, March 23, 2005
http://www.cbsnews.com/stories/2005/03/23/world/main682673.shtml

Many people dismiss the sex slave problem on the grounds that it doesn’t affect them because the only people caught in the trade are stupid or mentally ill.

However, the evidence is overwhelming that the customers of the sex slaves are sometimes promoted into leadership in the government, media, military, and business, thereby giving Israel control over our nation. This blackmail issue affects all of us.

The people who purchased Johnny Gosch and the other two boys in this photo had a lot of money, so they may be influencial members of American society.

When Israel was black listed by the U.S. State Dept. in 2001 for being among the nations that facilitate the slave trade by failing to take “significant efforts” to eliminate human trafficking, billions of dollars in U.S. aid were in jeopardy. However, despite a damning Israeli government report criticizing the Jewish state for being lax on traffickers, who go unpunished, the State Dept. has upgraded Israel’s status, removing the possibility of meaningful sanctions.
Under the Trafficking Victims Protection Act (2000), beginning with the 2003 report, countries that fail to make “significant efforts” to prevent the trading of human beings will be subject to termination of non-humanitarian, non-trade-related assistance.

Although the government of Israel still does not meet the minimum standards for the elimination of trafficking, the State Dept. says it is “making significant efforts” to do so.

“Israel,” Secretary of State Colin L. Powell said on June 5, when the 2002 trafficking report favorable to Israel was released, “worked with us to significantly strengthen their anti-trafficking efforts.”

“Israel,” Nancy Ely-Raphel from the Office to Monitor and Combat Trafficking in Persons added, had “aggressively pursued anti-trafficking initiatives since the first report was issued last year.”

Six months later, however, a special Israeli parliamentary committee looking into the slave trade in Israel challenges the claims made by senior State Dept. officials. The special report revealed that “3,000 women are sold each year in Israel’s sex industry, in transactions with an annual volume of $1 billion,” according to the Israeli daily Ha’aretz.

The report described Israel’s sex industry as a “modern form of slavery.”

Most of the women slaves are sold to the owners of some 250 brothels in the Tel Aviv area, according to The Jerusalem Post. There are an estimated 300 to 400 brothels engaged in Israel’s slave trade, it said.

Victims trapped in the sex industry “suffer physical and emotional abuse, rape, threats against self and family, passport theft, and physical restraint,” according to a State Dept. description.

The women, mostly from the republics of the former Soviet Union, are usually smuggled in by traffickers who promise them legitimate jobs. The report said the borders with Egypt should be better controlled, making the dubious claim that it is along this border that women were being smuggled into the country.

Because Israel has some of the tightest border controls in the world it is highly unlikely that thousands of women could be “smuggled” into the country without the knowledge and acquiescence of the highest authorities.

Once in Israel, the women are sold and forced to work in the sex industry. They receive $25 – $30 per customer, of which the pimp takes between 80 and 90 percent, the report said. The women are forced to work 12 hours a day, six or seven days a week and receive an average of 10 to 15 clients daily, the report said.

Testimony provided by sex workers – and minors – who appeared before the Israeli parliamentary committee detailed the abusive, criminal aspects of trafficking. After the women are purchased, their passports are confiscated and they have to “buy back” their freedom, enduring constant threats, coercion and rape, the report said.

Under current Israeli enforcement procedures, most attempts to prosecute trafficking offenders end in plea bargain agreements and light sentences of public service work, or brief prison terms. The report says that current Israeli law enforcement efforts against pimps and slave traders are “inadequate”.

Israeli judges do not deliver harsh sentences against convicted slave traders, Ha’aretz wrote. Although the maximum is 16 years in jail, the courts have made a travesty of the laws, the report said. The lengthiest sentence handed down against a convicted sex slave trader was four years, yet most sentences are no longer than 18 months. Israeli police do not go after the top echelons of the sex trade industry, Ha’aretz wrote. Most indictments are served against low-level pimps.

The chairwoman of the committee, Zehava Gal-On, said the Israeli legal system does not have the means necessary to deter traffickers, she said. “When traffickers get to court they get lenient sentences,” she said.

Gal-On said that since Israel had been placed on the State Department blacklist as a place where “white slavery” thrived, some improvement had been made in Israel.

Israel’s law against trafficking remains fundamentally flawed because, like all Israeli law, there is a different standard for Jews and non-Jews. According to an Israeli expert who exposed this double standard within Israeli law, the late Israel Shahak, under Jewish laws “racist definition, all women who happen to have been born non-Jewish are automatically considered to be ‘harlots’.”

American Free Press asked the State Department’s office dealing with human trafficking why Israel’s status had been upgraded when there is no evidence that any significant effort had been made to halt the trade in human beings.

“Israel is one of the leaders in the Middle East,” an official who asked to remain anonymous said, “they are trying to clean up their act.” The official said that nobody would speak on the record on this matter.

Asked about the racial double standard inherent in Israeli law, the official said, “The color of law” would be something they would be interested in seeing changed.

***


Amnesty International Condemns Israel for White Slave Trade
Source: Amnesty International – News Release – MDE 15/24/00, 18 May 2000

Israeli Government Must Stop Human Rights Abuses
Against Trafficked Women

“I had a nervous breakdown. I wanted to escape from this place and asked a client to help me. He turned out to be one of them and I was beaten up by the owners. There was nowhere to run — there were bars on the windows and bodyguards all the time, day and night.” (Testimony of a woman trafficked from Moldova)

The Israeli government is failing to protect the human rights of women and girls who are trafficked from countries of the former Soviet Union to work in Israel’s sex industry, Amnesty International said today in a new report.

“Many of these women and girls become ‘commodities’, literally bought and sold for thousands of dollars or held in debt bondage. They are locked up in apartments and have their passports and travel tickets confiscated. Many women are subjected to violence, including rape. Yet most of the people who commit such human rights abuses are never brought to justice by the Israeli government,” the organization said.

Anna, a 31-year-old physics teacher from the Russian Federation was lured to Israel by the promise of a job in the sex industry earning 20 times her Russian salary. When she arrived, her passport was taken from her and she was locked in an apartment with bars on the windows along with six other women from former Soviet Union countries. She was auctioned twice, on the second occasion for US$10,000. The women were rarely allowed to leave the apartment and never allowed out alone. Much of the money they earned was extorted from them by their pimps.

The worldwide phenomenon of trafficking in human beings has attracted increased attention in recent years from governments and intergovernmental organizations. But governments have tended to ignore the human rights abuses to which trafficked persons are subjected, instead viewing trafficking primarily as an issue of organized crime and illegal immigration.

Rather than taking action against human rights abuses experienced by the women, Israeli governmental agencies in effect treat them as criminals, by holding women in detention for extended periods, for example. In 1998, the UN Human Rights Committee expressed its regret that “women brought to Israel for the purposes of prostitution … are not protected as victims of trafficking but are likely to bear the penalties of their illegal presence in Israel by deportation.”

Many trafficked women end up in detention in a police lock-up or Neve Tirza prison following raids on brothels and massage parlours by the police and they are rarely released on bail pending deportation. Others may be detained for longer, sometimes because the Ministry of Justice has issued an order preventing the woman from leaving the country until she has testified in a criminal case.

Israeli officials maintain that it is difficult to bring to justice persons who commit human rights abuses against women in sex work who are illegally in the country. However, various Israeli laws and policies, in particular the strict enforcement of immigration laws against these women, actually make prosecutions difficult.

Moreover, many women are afraid to file complaints with the Israel Police or testify in court because they fear they will be imprisoned, deported or be subjected to further human rights abuses in Israel or abroad. Despite these realistic fears, the government officials tend to blame the women for not cooperating with the police and the criminal justice system.

As a result of lobbying by local non-governmental organizations, Israel has taken some steps that would help combat human rights abuses against women in these circumstances, particularly in the field of legislation. In March 2000 the Knesset (Israel’s Parliament) passed the Equality of Women Law, which states that every woman is entitled to protection from violence, sexual harassment, sexual exploitation and trafficking in her person. The Ministry of Justice is said to be drafting a provision to criminalize the buying and selling of persons.

Amnesty International believes that the steps taken by Israel are insufficient and it is urging the Israeli government to respect its obligations under international law to ensure the human rights of all who are in its territory. Amnesty International is recommending that the Israeli government should develop a strategy to ensure there is coordinated and effective action by key government agencies, such as the Ministry of the Interior, the Israel Police, the Israel Prisons Service and the Office of the State Attorney, to ensure the protection of these rights. NGOs should be consulted and invited to contribute to developing effective policies.

The organization is also calling for increased international cooperation between Israel and the governments of former Soviet Union countries and transit states to combat these human rights abuses.

“Both the government and the traffickers are treating these women as if they do not have human rights. The authorities have a responsibility to take action to protect the against enslavement, deprivation of liberty and violence,” Amnesty International said.

Background

The human rights abuses experienced by women trafficked into Israel’s sex industry include enslavement, including debt bondage; deprivation of liberty, for example by confiscating women’s passports and other travel documents or threatening them with violence if they escape; violations of the right to bodily integrity, including subjection to violence including rape and other forms of coerced sexual activity; denial of health services and other risks to health rights such as exposure to HIV/AIDS because of coercive work conditions and denial of condom use. Many sex workers who have not been trafficked are subjected to human rights abuses.

Amnesty International notes that although this report focuses on human rights abuses committed against women from the former Soviet Union working in the sex industry, women also face human rights abuses when they are trafficked for other purposes including domestic work, bonded labour and servile forms of marriage.

Source: Amnesty International, International Secretariat, 1 Easton Street, WC1X 8DJ, London, United Kingdom

***

LEGAL SLAVE TRADE IN ISRAEL
February 15, 2008 at 13:09 (Israel)
The wall of Apartheid in Israel has made it virtually impossible for many Palestinian workers to cross over to the Israeli side for work purposes. This has resulted in a mass influx of foreign workers, especially those that work as caregivers for the old and sick of the nation. Hundreds of thousands of these people are in Israel today, most with valid visas, many who are here illegally.

The tales they tell are unbelievably shameful and expose yet another aspect of the racism inherent in zionism…. I’ll deal with just one of these stories in this post, but keep in mind that this is just one of a thousand of such examples…

A disabled man was approached not long ago by a man who asked if he had or needed a caregiver. The disabled person was wheelchair bound which made him an ‘easy target’ for the scam in the making….
He was informed that he could get a worker in his home for ten hours a week and it would not cost him a thing…. that’s a hard offer to refuse.

Papers were filled out, documents were signed, interviews with government agencies, etc., etc….
Finally, all was approved and a foreign worker from Sri Lanka was on his way to what he hoped would be a possible way to make a few bucks to help his destitute family back home…. BOY, was he in for a surprise!

Upon arrival in Israel the ‘agency’ that brought him here demanded $1,500 up front to start the process of obtaining the proper documents for his employment. At the Minister of Interior’s office he had to shell out another $40 to get the work permit stamped in his passport…
He was then ready to go to work….. but where?

His visa was obtained in the name of the disabled man mentioned at the beginning of this post…. but he won’t actually be working for him full time… just for 10 hours a week… at no cost to him. What happens the rest of the week??, and who pays this worker for the 10 ‘free hours’ of labour???

The ‘agency’ arranges for this worker to perform his duties as caregiver in someone else’s home…. someone that was not able to obtain a visa in their own name. The wage is way below the minimum, the hours are long, and the person must be available during his ‘free time’. Accommodation is often provided at a fee…. usually higher than one would normally pay. At the end of the month, his salary is barely enough for him to survive, let alone send money to his family as was planned….

The ten ‘free hours’ are ‘payment’ to the original person for obtaining the visa.. NO ONE PAYS FOR IT…. the worker is a virtual slave to this person.

This entire procedure is considered the ‘norm’ in Israel…. as it was in the southern American States after slavery was officially ended. It is a demonstration of the non value of life placed upon those ‘not of the tribe’ by the Israeli government.

What happens if this worker refuses to do his ‘obligated’ free hours? Simple, his visa is revoked and he darts off to unknown territory and becomes a soldier in the army of illegal immigrants… eventually caught and deported…. AT THEIR OWN EXPENSE….

The ‘agency’ then arranges to bring over a new worker from abroad and the entire process is repeated as well as more money going into the coffers of these scam masters.

In this particular case, the worker had a lucky streak…. he told the original person involved what was going on…. the man was shocked beyond belief. He told the worker that he would not have to work for him, that he would not report this and his visa would not be canceled. He was then free to work wherever he wanted, legally.

The ‘agency’ got wind of the situation and visited the disabled person at home, wanting to know why the worker was not doing his ‘time’ for him. The man explained that he did not need his services as he had a regular worker come in once a week to clean the house, that was all he required… simple explanation…. but not so simple reaction…
The agency contacted the foreign worker, told him that he would have to give them an additional $150 a month to cover the cost of the man’s cleaning help… or they would cancel his visa. Can we call this blackmail??

The worker then visited the man and wanted to know if he intended to cancel his visa… he was told that he was promised otherwise and not to worry and NOT TO GIVE THE ‘AGENCY’ THE $150…. the ‘agency’ could NOT cancel the visa without the man’s approval.

In this case, the worker continues to function legally with no fear of deportation…. the ‘agency’ lost out on their scam… and all ended well. This is not the case for thousands of others who are virtually slaves to this inhumane system… a system known about and allowed to continue by the zionist regime…

Israel does not discriminate in who they discriminate against… racism, exploitation, occupation, and now slavery are an integral part of their system… I wonder what Abe Foxman would say about all of this…. I’m sure one of his cronies will direct him to this post.


Censored in the U.S. — The Shocking Jewish Role In Slavery


Abolish Slavery – Human Trafficking Exposed

Jews and the White Slave Trade

by Dr. William Pierce

Steven Spielberg’s pseudo-historical film about a 19th-century mutiny and massacre aboard a Spanish slave ship, Amistad, and the subsequent trial of the Black mutineers is being praised by the reviewers. Spielberg, one of the wealthiest and most successful of Hollywood’s Jewish film makers, is also being praised by his kinsmen in various so-called “human rights” organizations for using his propaganda skills to sensitize White, Gentile audiences to the horrors of slavery and make them feel just a little more guilty for treating non-Whites so badly in the past. What the film doesn’t mention, of course, is that Spielberg’s Jewish kinsmen owned many, though not all, of the ships involved in the 18th- and 19th-century Atlantic trade in Black slaves and, in fact, played a very prominent role in bringing Black slaves to America.
The film tends to steer one away from blaming anyone for slavery except White Gentiles. This bit of misdirection is interesting in light of the fact that Jews have been dominant in the slave trade since at least Roman times — especially the trade in White slaves. Jewish slave dealers followed Caesar’s armies everywhere — into Gaul, into Germany, and into other northern lands — eager to buy as slaves all of the captives of the Romans — especially the female captives.

Jews have remained dominant in the White slave trade until the present day — although during the Middle Ages the Christian Church tried unsuccessfully a number of times to stop them, beginning in the fifth century with an edict by the emperor Theodosius II against Jews owning Christian slaves. After being banned from owning or dealing in slaves by one emperor, the Jews would wait until the next emperor came along, then they would buy a charter giving them a monopoly in the slave trade. Then public outrage against the Jews would grow until another emperor would ban their slave-dealing again. Most of the time, however, the Jews were the undisputed masters of the White slave trade, and that is still the case today.

Interestingly enough, this fact was revealed in a recent news report in the Jewish newspaper the New York Times, of all places. The January 11 issue has a major article titled “Contraband Women” and written by a Jewish reporter in Israel. The article deals specifically with the Jewish trade in Ukrainian and Russian women — although it doesn’t label the trade as “Jewish.” What the report does say is this:

Centered in Moscow and the Ukrainian capital Kiev, the networks trafficking women run east to Japan and Thailand, where thousands of young Slavic women now work against their will as prostitutes, and west to the Adriatic coast and beyond. The routes are controlled by Russian crime gangs based in Moscow.
What the reader must understand is that these crime gangs don’t have a real Russian in them. They are entirely Jewish, but the agreed-upon subterfuge used by the newspapers in this country is to refer to them as “Russian” rather than as Jewish. Thus one reads in various news organs about the recent takeover of organized crime in many areas of America — especially the East Coast and Los Angeles — by “Russian gangs” and of the viciousness and cleverness of these “Russian” gangsters, but there is never any mention of the fact that they are not Russians at all, but Jews from the former Soviet Union: Jews like Mr. Clinton’s supporter Vadim Rabinovich, photographed shaking hands with Clinton at a Miami fundraiser when he was illegally in the United States, as I mentioned in my broadcast of December 27, 1997.
The story of the exploitation of eastern Europe by the Jews is a fascinating and infuriating story. Throughout the Middle Ages and into the modern era they focused on profiting from the weaknesses and vices of the Gentile populations of Poles, Russians, Ukrainians and others among whom they lived as a barely tolerated minority. In addition to being the moneylenders, they controlled the liquor business and owned the drinking establishments, the gambling dens, and the brothels. A number of 19th-century Russian writers, among them Dostoievski and Gogol, have described their destructive effects on Slavic peasant society and the perpetual condition of mutual hostility which existed between the Jews and the Slavs.

During the 19th and early 20th centuries the Jewish trade in White slaves from these lands expanded enormously. It has been described by the Jewish historian Edward Bristow in his 1982 book Prostitution and Prejudice, published by Oxford University Press and Schocken Books in New York. Although Bristow’s book is written from the viewpoint of one opposed to this Jewish trade in women, it is nevertheless enormously revealing. The Jews recruited peasant girls in Polish and Russian villages, usually under false pretenses, and transported them to brothels in Turkey, Egypt, and other parts of the Middle East; to Vienna, Budapest, and other major cities in the Austro-Hungarian Empire; and as far away as New York, New Orleans, and Buenos Aires. This Jewish trade in Slavic women naturally caused a great deal of hatred against the Jews by the Slavs, and this hatred broke out in pogroms and other popular actions against the Jews over and over again.

One would believe from the works of Mr. Spielberg and other Jewish propagandists that the hatred the Slavs bore against the Jews was based only on religious bigotry and that the Jews were completely innocent and inoffensive. One fascinating fact which Bristow’s book reveals is that the center of the Jewish trade in Polish girls was in a little town called Oswiecim. The German name for this town was Auschwitz.

I don’t mean to imply that the Jews were the only ones at fault in the White slave trade. Gentile politicians and police officials gladly accepted bribes from the Jews and in return allowed them to carry on their dirty business. And in the United States non-Jewish criminal elements such as the Mafia collaborated with the Jews or ran their own White slave operations. But the trade in White slaves from eastern Europe has been an exclusively Jewish activity for the last 200 years.

It is ironic that another Jewish enterprise, organized Marxism, put a temporary crimp in the Jewish trade in Slavic women. When the Jewish Bolsheviks seized control of Russia and Ukraine after the First World War, and of Poland and other Slavic lands after the Second World War, they clamped down on all capitalist activity, including that of their Jewish brethren in the White slave business. What they did instead was establish a huge empire of slave-labor camps, of which Alexander Solzhenitsyn has written so eloquently. Jewish slave dealers became commissars and slave camp bosses. And of course, they butchered their Gentile opponents by the millions. The time of communism was the Jews’ time for getting rid of all of the Russian and Ukrainian patriots, who had hated them for so long.

Actually, some capitalist activity did survive throughout the communist years in the form of organized crime. Two excellent books on the subject were published in the United States, both written by Soviet Jews thoroughly familiar with organized crime in the Soviet Union. In fact, one of the authors, Yuri Brokhin, was a former member of a Jewish organized crime gang in Russia, where he worked as a pimp. His book, Hustling on Gorky Street, was published in 1975 by Dial Press.

The other author, Konstantin Simis, was a Jewish defense lawyer for organized Jewish criminals. His book, USSR: The Corrupt Society, was published in 1982 by Simon and Schuster. Both of these Jewish authors write quite frankly about the Jewish domination of organized crime during the communist years. Brokhin brags about it, in fact. He says Russians and other Slavs can only be ordinary criminals, depending on guns and strong-arm tactics, but they aren’t smart enough for successful, large-scale organized crime; only Jews are smart enough for that.

A factor neither author mentions which was more important than smartness was the connections Jewish criminals had with Jewish communists in the Soviet bureaucracy. When Abe, who ran a prostitution and drug racket in Moscow, could count on his cousin Hymie in the prosecutor’s office to keep him informed about police plans for raids, as well as a little covert assistance if matters ever came to court, he had a distinct advantage over his Russian competitors.

Eventually communism bled eastern Europe dry, and with the economies of the countries under their control on the verge of collapse the communists switched hats, declared themselves “democrats” instead of communists, and announced a return to capitalism. The Jewish slave dealers went back into business, and business was good for them. Other Jewish communists went into business too. As the economies were “privatized” — that is, as state-owned factories and businesses were sold to private entrepreneurs at bargain-basement prices — Jews used their connections with their now-“democratic” kinsmen in the bureaucracies to snap them up. Other Jews, who had monopolized organized crime during the communist years, remained as organized crime bosses but greatly expanded the scope of their operations. Often, the new entrepreneurs and the new crime bosses are the same people.

The richest man in Russia today is Boris Berezovsky, who since the collapse of communism has become a multi-billionaire by buying up banks, television networks, and newspapers from the government, with the aid of his fellow Jews still in the bureaucracy. Berezovsky speeds around Moscow in a bulletproof vest and an armored limousine, and anyone who gets in the way of his business interests has a tendency to get shot or simply to disappear. Second only to Berezovsky in wealth is another Jewish media mogul, Vladimir Gusinsky. Between them, Berezovsky and Gusinsky control most of the mass media in Russia. They also exercise pretty thorough control of Boris Yeltsin, Russia’s alcoholic president, who is sort of a Slavic version of Bill Clinton, plus vodka. It was only through the support of Berezovsky’s and Gusinsky’s media that Yeltsin won his last election.

If you remember, Clinton and all of the Jewish media in the United States also were rooting enthusiastically for Yeltsin during that election. They all were afraid that a genuine Russian patriot might beat Yeltsin, in which case the Jewish control of Russia would have been finished.

After the election, Yeltsin appointed Berezovsky to Russia’s national security council, but when some of the few media in Russia which still are independent publicized Berezovsky’s connections to Jewish organized crime gangs, Yeltsin was forced to fire him. Yeltsin has made up for that, however, by appointing another Jew, Boris Nemtsov, to the position of deputy prime minister, one of the most powerful positions in the government. One thing Yeltsin never has done, however, is make any move to curtail the operations of Russia’s organized Jewish crime gangs, which are running rampant through the country and displaying their wealth and power, while ordinary Russians struggle to feed themselves and keep their homes warm this winter.

And tens of thousands of pretty but naive young Russian and Ukrainian women are being swept up by the Jewish gangs — called “Russian” gangs by the New York Times — and shipped off to a life of misery and degradation in Turkey, Pakistan, Thailand, and Israel, as well as to countries in western Europe, where Jews also control organized crime. The young women, unable to find work in Russia, Ukraine, or Poland and facing a bleak future in countries ravaged by decades of communism, are eager for any chance at a better life. They respond to advertisements that offer them work abroad as receptionists or secretaries and also promise free training and transportation. When the girls arrive at their destinations, however, they find something quite different — but by then it is too late.

One of these girls, Irina, a 21-year-old, green-eyed Ukrainian blond, was interviewed in Israel. She told how her Israeli employer took her to a brothel soon after her arrival in Israel. He took her passport away from her, burned it before her eyes, and told her that she now was his property and must work in the brothel. When Irina refused, she was beaten and raped. Luckier than most of the Slavic women lured to Israel, Irina eventually was swept up in a police raid and sent to prison as an illegal alien. She was awaiting deportation, along with hundreds of other Russian and Ukrainian women, when she was interviewed. She lamented the fact that the Israeli who had raped her and forced her to work in the brothel was not even arrested. Indeed, according to Jewish law, the rape of a Gentile woman is not illegal. Nor is it illegal in Israel to buy and sell slaves, so long as the slaves are not Jewish. Amazingly, the New York Times article reveals this fact.

The White slave trade is big business in Israel. Ukrainian authorities estimate that as many as 40,000 Ukrainian women under the age of 30 are taken from Ukraine each year. Some of these women respond to advertisements promising employment abroad, like Irina did, and some are simply kidnapped and smuggled out of the country. Those who try to escape from their Jewish captors are treated brutally. Often they are butchered in front of other captive women to keep the others terrified into doing whatever they are told. At slave markets operated by the Jewish gangs in Italy young Slavic women are stripped, put on blocks, and auctioned off to brothel owners.

The most astounding thing about this whole, filthy business is that most people are forced to learn about it from a Jewish newspaper like the New York Times. And really, you should read for yourself the article to which I referred. It was in the January 11, 1998, issue, and the news is not likely to be repeated.

Ask yourself, why doesn’t Interpol, the international police agency, do something to put a stop to this White slave trade? Why don’t the governments of the countries from which the women are being abducted do something? Why don’t the mass media raise a hue and cry? Why don’t powerful feminist organizations demand the eradication of White slavery?

And the answer to all of these questions is easy: they dare not do or say anything because it is a Jewish business. In places like Germany, where the Jews have almost total control of organized crime, anyone who announces that fact publicly will be arrested and charged with “inciting racial hatred.” Germany and most other European countries have laws against what they call “hate speech.” Saying anything negative about Jews, true or not, invokes these laws.

Jewish organizations — and of course, the Clinton administration — would like very much to have similar laws in the United States. Interpol, which has plenty of other work to keep it busy, is not eager to be charged with “anti-Semitism” by going after the Jewish White-slave gangs. Even if Interpol did arrest the gangsters, it wouldn’t do much good, because the fix is in nearly everywhere. There’s a huge amount of money made from selling women: enough money to pay off politicians, bureaucrats, judges, and policemen.

Jews like to say about the so-called “Holocaust” of the Second World War, “Never again.” They like to talk about how it is necessary to stamp out anti-Semitism and pass laws against so-called “hate speech,” so that there can never be another “Holocaust.” But by their own behavior they guarantee that there will be.

While some Jews beat the drums for more reparations payments from Switzerland, Germany, France, and other countries they claim didn’t treat them right or took some of their ill-gotten gold from them 55 or 60 years ago, other Jews are still bleeding countries like Poland, Ukraine, Russia, and the Baltic nations of money and of their young women. Countries which suffered for decades under the brutal rule of communist commissars are still being exploited by the same people, now calling themselves “democrats.”

The Jews believe that with their deathgrip on the mass media nearly everywhere, with their puppets — like Bill Clinton and Boris Yeltsin — in positions of power in the East and in the West, with the enormous wealth they have at their disposal, and with so many Gentiles buffaloed by “Holocaust” propaganda of the sort cranked out by Steven Spielberg and a hundred others, they can keep getting away with their exploitation of us forever. But they are wrong. They themselves are building up the hatred and the resentment and the rage which will destroy them. It will destroy them all: the gang members, the media bosses, the “advisers” to Bill Clinton and Boris Yeltsin, the professional “Holocaust” wailers, the former commissars, and the rest, even those who are not currently involved in any of these activities. They are guaranteeing that there will be another “Holocaust.” And this time it will be a real one.

Thanks for being with me again today — and do find and read that article on the White slave trade in the January 11, 1998, New York Times.

2012 RARE PROOF: MAYANS, SKULL And BONES, FREEMASONS (Illuminati), US GOV’T Linked Together: Ancient/Modern Day Knowledge

This Video and it’s Channel are under attack by someone behind YouTube.
This has been verified by the TDP Admin. Which of course is the reason we are giving this video top billing.

This truly is rare proof that our Government knows that 2012 is supposed to be a very important year. This video actually ties in the Mayan Calender and the Secret Societies. We’ve never seen this done before.

The video starts kind of slow, but that is because we need to be brought up to speed on a few issues, we may not be aware of.
Have patience, and you will be amply rewarded with very rare information.

Which is more important, the wine (information), or the bottle (video source/quality) the wine comes in?


2012 rare proof!

This is the proof that 2012 is real! This is the only video on youtube showing you the direct link between the secret societies and the 2012 conspiracy.

This video also shows that before Y2K, and before May 21,2011 prophecy, the Skull & bones already had something planned for 2012.

The Mayan’s had it planned thousands of years before that. So 1976, Y2K, and May 21,2011 were all put out there, to give you that boy cried wolf effect. If you watch all my videos, you’ll understand what’s really going on! We as of people are about to fail an important test.

If you care about your future in the world, you must wake up. All of us need to wake up.

There’s a belief out there that think they have all the answers, but don’t realize that even they might be being deceived. This is something we can change if we all just open up are minds.

Subsribe to this channel (you must subsribe to see what I’m about to reveal to the world in my up coming videos). I will clear up a lot of different subjects. And show you as a single person how to help make a difference in this world. Subsribe now. I have a lot of the answers.

You must help try to spread this message and get everyone you know to watch this video and subscribe to this channel. I will explain to all what has to be done. Thanks for caring. ( Remember, you must spread this video to everyone. It’s the only way to awaken others to what’s about to happen! Even if you have to burn it on dvds and pass it around. The future depends on people getting involved.) Thanks again.

darkbunglex it’s okay to have doubts about all this. But if you want to be sure about it, you have to face it. You said the mason symbol & and skull&bones picture aren’t new to you. That’s Good. Then you should know that the skull is suppose to be the skull of Geronimo. That lines up with the letter G in the Mason symbol. Geronimo was a native American. The face of the Mayan calendar is also a native. Understand the similarities now. There’s no face on the star of David.
agvariety 2 months ago

Hello everyone, if you pay attention to my channel, you’ll notice my views have been disabled for all my videos. Yes someone on YouTube is working against my channel. Just keep checking back and you’ll see that they froze my channel views, to keep the new comers from watching. They know the more views you get, the more others get attempted to watch & learn. So it might be hard to post the new videos on this channel, but subscribe anyway, I might have to post a series of bulletins and comments
agvariety 4 months ago 27

Watch all 4 parts. This video is to help up lift judgement off each other. And to unite the world in peace. Watch all parts before judging this. This video is not to bash anyone’s belief, but to open our minds to all possibilties. My mission is to bring peace between all religions. Thank you for reading this.

TRUE RELIGION: POSSIBILITIES 2012 Part1


True religion possibilities-2012 pt.2


True religion possibilities-2012 pt.3

True religion possibilities-2012 pt.4

There is an Esoteric Agenda behind every facet of life that was once believed to be disconnected. There is an Elite faction guiding most every Political, Economic, Social, Corporate, some Non-Governmental or even Anti-Establishment Organizations. This film uses the hard work and research of professionals in every field helping to expose this agenda put the future of this planet back into the hands of the people.

ADMIN NOTE:
All these video’s tie in together.

There are things you learn from the first group by { agvariety } that are not in Esoteric Agenda. But Esoteric Agenda covers a lot more ground.

If you watch all these Video’s, you will be much wiser as to what is going on today.

UFO’S HIDING IN THE CLOUDS: Cloud UFO’s “You Will Never Look At Clouds The Same Way Again!” We Are Not Alone!

This is the Second Part of Acclimation: The Visitors
The First part UFO’s in Ancient Art, was only a prelude.
In it, you may of noticed Clouds being portrayed as Aerial Vehicles sometimes.
Well, they are still here. And they are everywhere.
We Are Not Alone!

Cloud Army UFO’s: Army in the Clouds


Are UFO’s Hiding in Clouds

http://youtu.be/aArbknCPJc0


Cool cloud formation


UFO Cloud Ships?


Flying Cloaked UFO Makes Itself look Like Cloud


Cloaked UFO in the clouds – timelapse


UFO’s hiding in our Clouds!! Spring 2012
“They’re like bees!”


Giant UFO in Phoenix during Dust Storm 2011 HD


‘view’ in large screen mode. This footage was taken from a tourist plane flying over the famous Nazca Lines in Peru January of 2011. No other video evidence that I know of has ever captured a UFO from a distance of only 20-30 ft.


Strange Single Cloud over Oeiras, Portugal – 05/02/2012

UFO Evidence Gathered By Russian Hackers, UFO Sighting News.

UFO’s In ANCIENT ART, UFO’s And JESUS CHRIST: Pictorial/Videos “We Are Not Alone And We Haven’t Been For Very A Long Time!” Acclimation: Visitors

This is the Fouth Installment of our Acclimation Series to the ‘New’ Real Reality.
This is only the first part. Ancient Visitors.
NEXT Part. Modern Day Visitors 🙂

“A picture is worth a thousand words. This Pictorial speaks for itself.”


The Above “Wood Carving” depiction is of a Major Battle between Aerial Vehicles. A “large Black Spear Shaped Ship” shows up and
easily Defeats all the other vehicles. So the story goes 🙂

[ XAXOR UFO’s in Old Art ]

[ UFO ArtWork.com ]

A CASE FOR MORTGAGE DEBT FORGIVENESS: Norway Writes Down 90% Of Populations Mortgage Debt / When Debt Is Fraud / IMF: Debt Reduction Policies Work / Debt Jubilee – The Concept

In 1997, Norway instituted Debt Forgiveness and “Wrote Down” 90% of the Countries Mortgage Debt.
It’s been done, documented, and completely hidden from the World, through the World Media, until 19 April 2012.
Complete and Total Censorship of anything Debt Forgiveness Related, World Wide.

Here is a link to radio Interview of a Lawyer from Norway instrumental in bringing Mortgage Debt Forgiveness to Norway.
[ Broadcast on: 19 April 2012
Morning Ireland: Conference on ways to tackle personal debt – Norwegian lawyer Egil Rokhaug ]


IMF SAYS TARGETED DEBT REDUCTION POLICIES CAN WORK

The IMF has said that targeted household debt reduction policies can deliver significant economic benefits.

Latest IMF report notes link between high levels of household debt and the effect on economic recovery
The IMF has said that targeted household debt reduction policies – including mortgage write-downs – can deliver significant economic benefits.

The International Monetary Fund made the comments in its latest World Economic Outlook.

The IMF said such policies can substantially mitigate the negative effect of household deleveraging on economic activity.

The report noted the well established link between high levels of household debt run up during a housing boom, and the effect of a high debt overhang on economic recovery.

It found that countries, like Ireland, that saw house prices and household borrowing skyrocket, saw a longer than average period of recession after the bursting of the housing bubble.

A large part of this protracted recession it said is due to households trying to reduce their debt levels, which in turn leads to less spending in the economy, driving the recession deeper and further.

“Because debt is acting as a brake on economic growth, it is important to unstick the brake” said the report’s author Daniel Leigh.

The IMF has studied the response of a number of countries to situations where large parts of the population are burdened with high mortgage debt in a recession, and finds that such programmes can help prevent self-reinforcing cycles of falling house prices and lower aggregate demand.

“Such policies are particularly relevant for economies with limited scope for expansionary macroeconomic policies and in which the financial sector has already received government report”, notes the conclusions. Ireland meets both these criteria.
The report highlighted what it calls the “bold ” household debt reduction programmes implemented in the US in the 1930’s and in

Iceland in this crisis, which it said can “significantly reduce the number of household defaults and foreclosures and substantially reduce debt repayment burdens”.

It contrasted these examples with others that have not been successful, such as the current response to the crisis in the US and Hungary, and the policies pursued in Colombia and the Scandinavian countries in the 90’s.

As well as the “bold” approach, it said that ensuring a strong banking sector is crucial during the period of household deleveraging. It stated that the policies in Colombia and Hungary were not a success as they placed too much burden on an already fragile banking sector.

It also said the policies must be designed to have incentives for both banks and borrowers to participate, notably by offering a viable alternative to default and foreclosure.

The IMF noted that government support for household debt restructuring programmes involves clear winners and losers. “The friction caused by such redistribution may be one reason why such policies have rarely been used in the past, except when the magnitude of the problem was substantial and the ensuing social and political pressures considerable”,’ it stated.

It cited another study which found that political systems tend to become more polarised in the wake of financial crises, and raised the question of collective action problems – that distressed mortgage borrowers may be less politically organised than banks – and this can hamper efforts to implement household debt restructuring.
In the US in the 1930’s the Roosevelt administration introduced the Home Owners Loan Corporation, which bought distressed mortgages from banks with government bonds, with federal guarantees on principal and interest. It then restructured these mortgages to make them more affordable to borrowers.

80% of the restructured loans (some 800,000) were protected from repossession by the measure, and the mortgages were subsequently sold on over time for a nominal profit at the time the programme was brought to an end in 1951. The mortgage purchases amounted to 8.4% of 1933’s GDP in the US.

The IMF said “a key feature of the HOLC was the effective transfer of funds to credit constrained households with distressed balance sheets and a high marginal propensity to consume, which mitigated the negative effects on aggregate demand” caused by the recession and need for household deleveraging.

The main mechanism to make loans more affordable was to extend the term of the mortgage – sometimes doubling the term – and converting it from a variable to a fixed rate. In a number of cases the HOLC also wrote off part of the principal to ensure that no loans exceeded 80% of the appraised value of the house.

In the case of Iceland the situation was more difficult, due in part to the much bigger proportion of the population that was affected, and to the wide presence of foreign currency mortgages.

The government and the newly constructed Icelandic banks developed a template to be used in case by case restructuring discussions between borrowers and lenders. The templates facilitated substantial debt write-downs designed to align secured debt with the supporting collateral (i.e bring the loan into line with the value of the house) and align debt service with the ability to repay.

The IMF found that such case by case negotiations safeguard property rights and reduce moral hazard, but they take time. As of January of this year, only 35% of the case by case restructuring applications had been processed. To speed things up, Iceland has introduced a debt forgiveness plan which writes down deeply underwater mortgages to 110% of the households’ pledgeable assets.
It noted that only when a comprehensive framework was put in place and a clear expiration date for relief measures announced that debt write-downs finally took off. As of January 2012, 15 to 20% of all Icelandic mortgages have been or are in the process of being written down.

However, it said the jury is still out on Iceland’s plans, and said the extent to which Iceland can put its citizens back on their feet and minimise moral hazard remains to be seen.

WHEN DEBT IS FRAUD, DEBT FORGIVENESS IS THE LAST AND ONLY REMEDY – Zeus Yiamouyiannis, Ph.D.

Endgame: When Debt Is Fraud, Debt Forgiveness Is The Last And Only Remedy
Charles Hugh-Smith from Of Two Minds.

Today I present an important guest essay by long-time contributor Zeus Yiamouyiannis, who suggests that when debt is essentially fraudulent, then debt forgiveness is both the logical and the only remedy.

Endgame: When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy, by Zeus Yiamouyiannis, Ph.D., copyright 2011.

Introduction

Finally serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancellation, jubilee—debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis.

“On a grand scale the only way to erase counterfeit money and (counterfeit) assets of hundreds of trillions of dollars is to erase the debts associated with those fake assets. (Let me underscore again, these are not “toxic” assets, they are fake assets.)… Forgiveness in general, and forgiveness of debt in particular, stand as virtues if they free us up to acknowledge, address, and learn from our culpability, start anew, and create forward.” (The Big Squeeze, Part 3: The Quiet Rebellion: Civil Disobedience, Local Markets, and Debt Erasure (January 29, 2011)

Debt forgiveness, therefore, accomplishes two important things. It eliminates the increasing and outsized portion of productive enterprise to pay off unproductive obligations, and it clears the ground for new opportunities, new thinking, invention, and entrepreneurialism. This is why the ability to declare bankruptcy is so essential in the pursuit of both happiness and innovation.

Currently we are mired in a “new normal” and calls for “austerity” which are nothing more than the delusional efforts of a status quo to avoid the consequences of its own error and fraud and to profit evermore. So bedazzled by the false wealth created by debt multiplication and its concomitant fantasy of ever-higher returns, this status quo continues to be stupidly amazed that people are not spending and that the economy is not picking up. But how could it be otherwise?
Productive wealth has been trapped in a web of parasitic theft, counterfeiting, liability evasion, non-regulation, and prosecutorial non-accountability. All the fundamental attributes of a functioning exchange economy have been warped to reward creative criminals. I spoke extensively about this in my posts from 2008. (Imaginary Worth, Empire of Debt: How Modern Finance Created Its Own Downfall (October 15, 2008)

The unsustainable nature of debt

Two observations: 1) Fabricated/parasitic so-called “wealth” destroys value by diluting the value of productive wealth. 2) Debt/credit that cannot be paid back is never an asset and is always a hot-potato liability (needing to be foisted to a greater fool to garner “profit” and transaction fees):
“The models [modern debt are] based upon had no contact with reality. They assumed unlimited growth and ability to pay. When matched against the reality of people paying ten times their salary for mortgages that actually added more money owed to their principal (i.e. with negative amortization), required no money down, and set up “balloon payments,” large step-ups in payments after a few years) there is no possible way they could NOT default in a predictable span of time.” (Part II: How the Credit

Default Swap Scam Works (October 13, 2008)

Systemically, all debt that charges a percentage (“usury”) originates in delusion. Debt grows exponentially indefinitely, growth (income and otherwise) cannot. This leads to a widening condition where the fruits of productive “growth” devoted to interest payments increase until those fruits are entirely consumed. (The Elephant In The Room: Debt Grows Exponentially, While Economies

Only Grow In An S-Curve (Washington’s Blog)

Once this happens, stores of wealth (hard assets) begin to be cannibalized to make up for the difference. You see this in Greece with its sale of public assets to private companies, and in middle-class America where people are liquidating retirement accounts to pay for their cost of living.

This problem is compounded by a private Federal Reserve that lends money into circulation at interest, and then allows the multiplication of this consumer debt-money liability through fractional reserve banking. The money in circulation today could pay only a small fraction of the total private and public debt. That fact alone is evidence of a kind of systemic fraud. “If you just work hard enough, save, and make sensible decisions, you can get out of debt” could only physically work for a bare fraction of the population, given the money-to-debt ratio. The rest would have to simply default to clear the boards.

This is why debt forgiveness makes not only moral but rational, mathematical sense. Finances require balancing to be coherent.

There must be some way to redress systemic imbalance. One has to be able to “zero the scales” to get an accurate weight of value and to re-establish healthy value creation.

Voices in the debate

Some analysts are beginning to see the forest through the trees in terms of debt forgiveness. Steve Keen, Australian economist and current deflationist, and Michael Hudson, American economic contrarian and prescient essayist, are both using clear-sighted reality-based financial analysis to debunk accounting games that obscure the untenable debt situation and to call for debt forgiveness.

How can selling sovereign assets and imposing austerity on Greek citizens (taking money out of their hands through higher taxes and lower benefits) do anything other than hollow out value and contract the Greek economy in the face of a deep global recession? Michael Hudson: It can’t. Greece’s debt needs to be written off.

“It seems unreasonable and unrealistic to expect that large sectors of the New European population can be made subject to salary garnishment throughout their lives, reducing them to a lifetime of debt peonage… (T)he only way to resolve it is to negotiate a debt write-off…” (The Coming European Debt Wars: EU Countries sinking into Depression (Michael Hudson, Global Research, April 9, 2010)

(“[We’ll Have] a Never-Ending Depression Unless We Repudiate the Debt, Which Never Should Have Been Extended In The First Place” (Washington’s Blog)

Why isn’t “quantitative easing” and flooding the U.S. economy with debt-money working to prime borrowing and lending? Steve Keen: Because the money is going into deleveraging in a time of overextension:

“Bernanke is throwing (a) trillion dollars into the system. Rather than that leading to ten trillion dollars of additional credit money, creating the inflation people are expecting, that trillion dollars is all that goes in, and people deleveraging actually reduce their level of spending by more than a trillion dollars by trying to pay their debt down, and it cancels out what the government is trying to do… We need a 21st century jubilee.” (On the Edge with . . . Steve Keen (Max Keiser, video)

Other well-known commentators are not seeing the debt forest at all. In their contentious debates over deflation and inflation, neither Rick Ackerman nor Gonzalo Lira seem to be aware of the overwhelmingly fraudulent nature of present global debt– including the 600 to 1,000 trillion dollars of fabricated notional wealth represented by the derivatives markets, fraudclosure, and a host of other sources.

Rick Ackerman: “’Ultimately, every penny of every debt must be paid — if not by the borrower, then by the lender.’ Inflationists and deflationists implicitly agree on this point… and we differ only on the question of who, borrower or lender, will take the hit.” (Let’s Think This Through Together….)

I posted a pithy response in the comment section:

“Both Rick and Gonzalo left out the obvious third way–debt forgiveness. No… debt does not have to be paid by someone; it can be absolved, especially debt created upon fraudulent and/or counterfeit-ridden practice… (D)erivatives are not real wealth, and neither was the ostensible climb in the values of housing resting in large part on those phony-wealth derivatives.
The only “real wealth” here revolves around ability to produce real and needed goods (to allow us to survive), and the ability to create something that increases one’s quality of life (to promote our thriving). Precious little of the present global economy involves either one of these. Yeah, if we use FASB standards and Goldman Sachs accounting, we can pretend our worthless junk is
all really simply very rare, “unique condition” collectibles worth trillions of dollars.
I’ve got a better idea. Take our financial junk out of the global attic in boxes, put them out on the front lawn, and see if
anyone wants to pay a few bucks for the various items, give away the leftovers to anyone interested passing on the sidewalk, and recycle, donate, or dispose of the rest. It’s a moving sale, and if our economy is going to get moving, maybe we ought to have one.” (Zeus Yiamouyiannis April 6, 2011 at 4:11 pm)

How it might play out

This subtle debt extortion creates a system of never-ending debt-slavery for a vast majority of the population. When this “manageable” slavery is aggravated by a desire to use hardship to extort ever greater assets from the overburdened at ever cheaper prices (what Naomi Klein calls “disaster capitalism”), by open and unapologetic widespread fraud, and by the unjust offloading of risk and liability to taxpayers who had nothing to do with poor decisions of private banks, then the systemic abuse is revealed in the daily lives of citizens.
Debt creates scarcity, which stimulates fear, which drives manic competition, which favors opportunism, collusion, and concentrations of power, which translates to abuse, which results in a collapse of legitimacy for the economic system. Overreach causes a breaking point, and we are getting close to it. Will the response be warfare, taxpayer revolt, political upheaval, mass default, debt forgiveness, something other, some combination? I have predicted pockets of violence would be mixed with some softer combination of taxpayer revolt, mass default, political upheaval, and debt forgiveness, along with a return to community exchange to meet basic needs. (The Big Squeeze, Part 3: The Quiet Rebellion: Civil Disobedience, Local Markets, and Debt Erasure

(January 29, 2011)

This possibility of epic reprisal may very well compel banks to come to the table around debt forgiveness to avoid violent backlash and criminal prosecution, even over preserving their gravy train companies. The bitter irony of these companies and their galloping greed is that they ended up victimizing each other by selling junk to each other and extracting all the real value in salary and bonuses. Their assets rest on notional values, that when unmasked would drive each into immediate insolvency. They have simply been scam artists, producing little value and extracting mountains of money.
What might this look like? Looking at present trends and using the very useful framework of Kubler-Ross’s stages of grief, it might go something like this…

Average debtor:

1) Denial: Liquidate savings to pay for over-priced house and cost of living.

2) Anger and fear: Exhaust resources, experience want, compounded by austerity measures.

3) Bargaining: Attempt to negotiate with bank through HAMP and other mechanisms to lower payments. Banks don ‘t bite and even
have incentives to foreclose.

4) Depression: Lose/default on the house and move in with family or cheap rental.

5) Find out life is better without being a debt slave and spend more time with community and the ones you love.
Bankers:

1) Denial: Collect 144 billion in bonuses after financial collapse and laugh as not a single trading day loss arises for zombie TBTF banks completely subsidized by governments.

2) Anger: Express false righteousness, indignation, and hubris over even modest/toothless demands/regulations attempted to be placed on them by governments. Exhibit sadistic zeal at being able to simply claim you own and liquidate properties they have no clear title to.

3) Bargaining: Experience dawning awareness that may have just cooked your own gooses as strategic defaults skyrocket, populist demands to prosecute fraudclosure gain traction, and quantitative easing ad infinitum dwindles and fails to keep stock prices artificially aloft. Improvise panicked attempts to “be reasonable” and actually negotiate, once the asset and money flow well runs dry.

4) Depression: Contemplate and realize possible bankruptcy by big banks. Retreat to the Hamptons to hire criminal defense lawyers, contemplate empty life, and shoulder the abuse of media and contempt of a global citizenry.

5) Acceptance: Trying to regain “good guy” status and avoid criminal prosecution by agreeing to be part of debt forgiveness.
Once defaults happen in increasing numbers and certain asset prices plunge (i.e. real estate), what will initially look like a bonanza for capitalist parasites could easily get out of hand, with people either unable or unwilling to buy inventory even at greatly reduced prices. Profits would tank at banks, liabilities would skyrocket even with most of it transferred to government guarantee. Because no one plays the game anymore, banks could go under as well, as people rise to vote out bank-friendly politicians and simply refuse to pay. This unraveling could easily force exposure of the notional value of derivatives in banks as worthless, meaning they are as bankrupt as the people they exploited. At this point, there will be a common desire and need to simply “forgive” the debts and try to find some way to distribute these empty homes.

Conclusion

Debt forgiveness simply calls out either the inherent systemic inability to make good on debts or the recognition that debt was produced through fraudulent means. In the present situation, both conditions obtain. There has likely been no point in world history where debt forgiveness has been so comprehensively merited. The only speculation from my point (barring world-wide global feudalism and eternal debt slavery) is whether we will initiate such forgiveness or be forced into it.

Thank you, Zeus, for this prescient and insightful analysis of debt and debt renunciation.The Kondratieff Cycle can only turn to Spring after debt renunciation completes the Winter cycle. Let’s stop pretending we’re still in Summer, and that the Fed’s puny “quantitative easing” and monetary cargo-cult machinations can reverse the seasons.

***

A two part column/exposition on the concepts of a Debt Jubilee and Public Credit

Stephen Keys
April 13, 2012

Debt Jubilee for New Zealand – The Great Reset

Australian economist Steve Keen is amongst a growing group of economic renegades who believe things are so far gone with the global economy that a debt jubilee and a total reset of the financial system is required. He proposes nationalizing the banks and wiping the slate clean because he contends that it is now mathematically impossible for most countries to repay the combination of their sovereign and private debt. He also contends along with economic historian Michael Hudson that the mortgage and consumer credit that western banks have extended is verging on odious, lent recklessly for short term gain by banks more concerned about their profits from the resultant interest and fees than the effect it would have on not just individual consumers but also the nations they are citizens of. As Hudson says,

“This is why relinquishing policy control to a creditor class rarely has gone together with economic growth and rising living standards. The tendency for debts to grow faster than the population’s ability to pay has been a basic constant throughout all recorded history. Debts mount up exponentially, absorbing the surplus and reducing much of the population to the equivalent of debt peonage.”

Even Alan Bollard admitted in his book Crisis that banks may extend more credit than is good for individuals and nations. Have banks and the rest of the financial sector so grossly distorted capitalism that it is on the point of collapse?

The concept of a debt jubilee is not new. It dates back to biblical times and the Book of Leviticus where the Hebrews would every 50 years free slaves, prisoners and forgive debts. In modern times the concept of jubilee has been applied to the debt of third world nations. If Keen and other proponents are correct the time has arrived for a general debt jubilee to be applied to western democracies including New Zealand.

But why should people be absolved from mistakes in their personal financial decisions? What about the prudent amongst us who have paid off their debt or refused to accumulate any of it at all? Surely you cannot reward the reckless, for what kind of message does this send to people and how does it distort future behaviour if everyone thinks they will be bailed out at some point down the track.

These are all valid points and not without irony given the biggest opponents to jubilee would probably be the big creditors like the banks who have had the same criticisms leveled against their own bailouts. What the jubilee does is give the money to the debtor to repay their debt rather than to the creditor to maintain the debt. One is consumer/citizen friendly, the other bank friendly.

The way Keen gets around the moral hazard problem is to give everyone a large chunk of cash whether they have debt or not. The proviso is that anyone with mortgage, student, consumer or personal debt would have to have the money applied towards that debt. They would remove or radically reduce their debt and thus free up more of their current earnings for consumption or savings. They could not use their money to leverage more debt or speculate. There would be no incentive to load up on debt before a jubilee. The people without debt would be able to use their unencumbered money to spend or invest in the economy immediately, unlike borrowed credit with no interest attached, jump starting economic activity again. Keen doesn’t mention a figure but consider how your own and the nation’s situation would change if say every adult over eighteen got $100-200 000.

This leads to the other major criticism of this jubilee concept, that it would be hyper inflationary. After all we are talking in New Zealand’s case about the government creating hundreds of billions of dollars out of thin air. This would not necessarily be inflationary if a number of other things were done concurrently. The idea isn’t just to pay off debts and restart the current credit system – it is to completely reform and re-regulate credit to prevent the same lunacy of the GFC happening again.

Keen talks about nationalizing the banks. The government would use its newly “printed” money to expunge debts it had assumed in the nationalization. Debts wiped out are deflationary rather than inflationary given that in the current system the vast majority of all “money” in the system comes into being from the banks as interest bearing credit. One would cancel out the other so in the case of the indebted the new money cannot increase the money supply.

Nationalisation might not be necessary. As debts were paid off the private banks would either shrink dramatically or withdraw from the market without needing to be taken over. They are not being forced to take a loss on their loans, only having their future income stream from interest radically reduced. Yes there would be large job losses in the banking sector but people would in theory be reabsorbed by a newly stimulated low debt economy.

Of course the people without debt would now have much greater spending capacity and this would be potentially inflationary without strict regulation. Keen’s suggestion is that the level of all types of credit available to the economy from the reset point be reduced by an amount equal to or greater than the new money created. There would be no getting your cake and eating it too.

For instance taking this idea further, Loan to Value Ratios on property might decrease dramatically, almost certainly below 80%. Commercial banks remaining could still lend but only at 100% reserve and depositors chasing interest with them would do so at their own risk. Customers would have government guaranteed current accounts held by the banks at the Reserve Bank. These would not be part of the banks balance sheet and non interest bearing. If a bank failure happened, current accounts and the payments system would be unaffected.

At the same time the tax system could change moving taxes away from income and towards fin

HEMP FOR VICTORY: US Government Promotional Film For Industrial Hemp

Hemp for Victory – Entire Film – US Government asks farmers to grow it

Industrial Hemp was called a billion dollar crop in 1930’s. Hemp can produce over 30,000 different products; from paper, plastic, fuel, clothing, to FOOD. Why is this super plant illegal to grow in the US? Conspiracy.

Industrial Hemp starts from soil, seeds and hands, to manufacturing thousands of renewable eco-safe products from paper/tissue and clothes to even green fuel and energy. We may not be able to control the world economy and practices, but with Industrial Hemp, we can create and control our own. This is an opportunity for people to vote for each other and future generations. It’s BIG!!

The OIL from Industrial Hemp is a Corner Stone of ‘Our’ New Energy Platform, being the Basis and Bedrock of 2 technologies that can get us off Fossil Fuels within 5 years or less.

The 200+ Mile Per Gallon POGUE Carburator and the 1000% Fuel Increase Tom Ogle Vapor Fuel Systems. Both fully tested and Patented. All Related Patents are completely Expired. We are free to build at will, and power them on Bio Mass Fuels, the most cost effective and easiest to grow being Hemp.

90% of all the OIL Imported goes to fuel our automobiles.
If we produce “Add-On” after market Fuel Systems that provide 200 MPG Minimum and then use fuel derived from Industrial Hemp Oil to make up the difference and fuel the new products, plus it can make all the parts of the car except the engine, you begin to see the power of the Super Plant. And that’s only the beginning of what it can do for us.

Industrial Hemp has a THC Value of 2% or less. “It can’t get you high, unless you smoke a joint the size of a telephone pole.” – Ron Paul

So why is it classified the same as Heroin and Cocaine? This is INSANE, from our point of view and makes no REAL sense.

Industrial Hemp Education In 3 Min.

…Interesting to learn that Dupont Chemical funded the anti- hemp / marijuana effort. This is because they had patents on new synthetic fibers and Hemp had a new machine that would put them out of business if hemp were to be used for clothes.

Dupont also sold – and still does many of the chemicals to wood pulp producers… so we continue to cut down forests… when Hemp could save millions of trees, be used as an alternative bio fuel and the US could easily grow enough hemp to eliminate the need for oil… so Big oil does not want hemp legal either. Neither do the drug companies… they can’t patent it.

They would rather keep selling you their drugs. By keeping it illegal the lawyers, courts etc… also make a buck. You can only get high from the female flower – nobody has ever died from smoking a joint. Of course the alcohol and tobacco companies would prefer to keep their monopoly as well.

So we have all the BIG Corporate players… against legalizing it. Yet if it were legalized – we would solve many issues and have a multi billion dollar hemp economy as it can be used for 1000’s of products. A few other good films to watch are run from the cure & hemp conspiracy – Google it!


Industrial Hemp Uses – Lotus Engineering
Building Car Parts

What is Industrial Hemp ~

General
Industrial Hemp is a variation of cannabis sativa. It is the most useful plant known to mankind. In fact, cannabis sativa means useful (sativa) hemp (cannabis). Hemp is not marijuana.

Hemp is used to make over 25,000 consumer products. From hemp apparel and accessories to house wares and hempseed oil cosmetics, hemp is an eco-shopper’s dream. Some of the products made are: clothing, shoes, diapers, rope, canvas, cellophane, paints, fuels, chain lubricants, biodegradable plastics, paper, fiberboard, cement blocks, food, cosmetics, and soap. Hemp is the longest and strongest natural fiber known to man.

Hemp for Food
Hemp seeds are drug-free and extremely nutritious. They can be eaten whole, pressed into edible oil like soybeans, or ground into flour for baking. They are one of the best sources of vegetable protein. Hemp seed has the second highest amount of protein of any food (soy being the highest). Hemp seed protein closely resembles the protein found in the human blood, making it easier to digest than soy protein. They contain a full complement of essential amino acids, essential fatty-acids (EFA’S), and have been shown to lower blood cholesterol and dissolve plaque in coronary arteries. As a supplement to the diet, these oils can reduce the risk of heart disease.

Hemp for Body Care
Hemp seed oil is perfectly suited for hair and skin care. Its nutritional value, combined with its moisturizing and replenishing EFA’s, make it one of the best vegetable body care foundations. Hemp seed oil’s EFA complement includes polyunsaturated fatty acids, omega-3, omega-6, omega-9, linoleic acid, and gamma linoleic acids (GLA’s). Although they are very effective in skin care maintenance, GLA’s are rarely found in natural oils. Hemp is an excellent source of GLA’s.

Paper from hemp
There is no tree or plant on Earth capable of producing as much paper per acre as hemp. Hemp paper is naturally acid-free. The oldest printed paper in existence is a 100 percent hemp Chinese text dated to 770 AD. Thomas Jefferson drafted both the Declaration of Independence and the U.S. Constitution on hemp paper.

One acre of hemp can produce as much paper as four acres of trees. Hemp paper is suitable for recycle use 7 or 8 times, compared to 3 times for tree paper.

The hemp paper process also utilizes less energy and fewer chemicals than tree paper processing and doesn’t create the harmful dioxins, chloroform, or any of the other 2,000 chlorinated organic compounds that have been identified as byproducts of the wood paper process.

Hemp was an important source of paper fiber until the early 1900’s when chemicals were developed to advance the wood paper pulp industry. Wood pulp paper rode the chemical revolution to its apex before the public health hazards of toxic chemicals were an issue and before the environmental consequences of clear-cutting forests were appreciated.

Hemp is a sustainable, annual crop that is ready for harvest just 120 days after going to seed, compared to trees which take tens or hundreds of years to reach maturity. Further, harvesting hemp doesn’t destroy the natural habitats of thousands of distinct animal and plant species.

Hemp as fuel
Hemp seeds have provided a combustible fuel oil throughout human history. More importantly, though, the same high cellulose level that makes hemp ideal for paper also makes it perfect for ethanol fuel production. Ethanol is the cleanest-burning liquid bio-alternative to gasoline.

Ethanol is derived from plant cellulose. Plants absorb carbon dioxide, water, and sunlight and produce oxygen and cellulose, which contains the sun’s energy captured in plant cells. When ethanol combusts, it releases energy, water vapor, and carbon dioxide. The carbon dioxide is then absorbed by plants, along with water and sunlight, to create more oxygen and cellulose. It is a clean and sustainable cycle.

Since gasoline engines are a primary source of carbon monoxide and greenhouse gases, alternative fuels such as ethanol could contribute significantly to the rejuvenation of our atmospheric air quality. Hemp provides a sustainable, renewable, and natural alternative to toxic fossil fuels.

[ HEMP: SUPER PLANT ]

TRUE DEMOCRACY PARTY “BLACKLISTED” FOR DEBT FORGIVENESS STANCE: “American Media Tries To Forbid HOPE And CHANGE In America!”

A group called Debt Settlement USA has compiled a short list of Organizations that have been Blacklisted in the Media for their stance on Debt Forgiveness.

Here’s that List along with the Posts or Articles that got them BLACKLISTED

Posts Tagged ‘Media Blackout’

-IMF urges authorities to consider debt forgiveness to restore growth
Monday, April 16th, 2012

The IMF said the lessons showed that “policies can help avert self-reinforcing cycles of household defaults, further house price declines, and additional contractions in output” and made a case “for government involvement to lower the cost of restructuring debt, facilitate the writing down of household debt, and help prevent foreclosures”.
[ Source:Freedom Project soundofheart.org ]


-ICELAND FORGIVES ENTIRE POPULATION OF MORTGAGE DEBT!: And So Can We! “TDP Calls For Nation Wide

[…] The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.Source: truedemocracyparty.net […]
[ Source: truedemocracyparty.net ]

-Mortgage Debt Forgiveness by Howard Knight

Since the housing bust of 2007, many homes in various parts of the country are upside down on their loans. This happens when owners owe more debt than what the house can be sold for. This forces owners to stay and try to recover their paper loss over time or sell it at a loss and pay the remaining mortgage balance to the bank. Some people have restructured their mortgage loans which forgives part of their debt. And others have turned in their keys to the bank and walked out of their mortgage crisis.
[ Source: deafnetwork.com ]


-The Tax Consequences of Debt Forgiveness

Let’ s say the Smiths, like so many American homeowners, find themselves unable to afford their mortgage. They reach out to their lender and after jumping through numerous hoops, filling out countless forms and getting a buyer on the hook, the bank agrees to release its lien and approve their short sale. The Smiths owed $500,000 on their mortgage but the bank agreed to accept a sale price of $400,000 and forgive the remaining $100,000 balance. Great news right? Yes and no. Of course, it’s positive that the Smiths were able to avoid foreclosure and move on with their lives, but thanks to the 1099-C and the IRS, they have a surprise waiting when tax time comes around. Their taxable income just increased $100,000 (the amount forgiven by the bank). Even though the Smiths never pocketed this money, despite the fact that the loan proceeds were used entirely to finance the purchase of their home, the tax man will count the forgiven debt as income and send a bill.
[ Source: yourcpapartners.com ]


-Mortgage Forgiveness Debt Relief Act of 2007 to Expire Soon

Once an escrow has been opened there are several phases of the title company’s involvement in the transaction. The first step is the issuance of the PR which is submitted to the buyer for review and approval. Many buyers have no idea what to look for in a Preliminary Report and will look to their real estate agent for guidance. The items set forth in the PR can be divided into: (1) normal items such as taxes, encumbrances which the seller is going to pay off, CC&R’s if applicable, and public utility easements; and (2) “red flag” items such as abstracts of judgment, tax liens, child support orders, private easements, and covenants regarding public improvements. As to all questionable items, copies of the underlying documents should be ordered from the title company. Real estate agents should not hold themselves out as authorities on complex title issues and should refer the client to the title officer to answer questions regarding the PR and should urge the client to consult a private attorney if any questions have not been answered to their satisfaction. The next step in the process is to “clean up” the title if necessary. This involves getting appropriate assurances that any liens, judgments or other monetary encumbrances will be removed prior to the close of escrow. Sometimes the seller is “upside down” and the monetary encumbrances exceed the seller’s equity in the property. It is imperative that a seller who knows that there is insufficient equity include a short pay contingency in the RPA-CA by incorporating a Short Sale Addendum (“SSA”). This provision is designed for sellers who are “upside down” in the property to the extent that the proceeds of the sale will be inadequate to pay off existing encumbrances. This clause makes the close of escrow contingent upon the lien holders agreeing to reduce their pay off requirements enough to allow the seller to close without bringing money into escrow and without reducing the costs of sale including real estate commissions. Thus this clause protects brokers as well as the seller. Without a “short pay” contingency a seller who cannot persuade his lenders to reduce there demands will be in breach of the RPA-CA by virtue of his inability to deliver clear title free and clear of all monetary encumbrances. As long as the property is being sold for fair market value the lender will usually agree to the short pay since the alternative is to foreclose and perhaps end up with the property on their books which is very disadvantageous from a banking standpoint. Sellers finding themselves in this position need to consult with a tax professional since, among other things, the forgiveness of any debt by a lender may be deemed to be taxable income. They may qualify for relief from any tax consequences under the Debt Relief Act of 2007 or the insolvency provisions of Section 108 of the Internal Revenue Code, however these provisions may apply to any given situation and it is imperative that they get professional advice from a qualified tax expert and under no circumstance should a real estate agent give such advice.
[ Source: masterpiecerealtyassociates.com ]


-Nonprofit grassroots movement seeks student loan debt forgiveness

“Forgiving student loan debt would have an immediate stimulating effect on the economy,” Applebaum said. “Responsible people who did nothing other than pursue a higher education would have hundreds, if not thousands of extra dollars per month to spend, fueling the economy now. Those extra dollars being pumped into the economy would have a multiplying effect, unlike many of the provisions of the new stimulus package. As a result, tax revenues would go up, the credit markets will unfreeze and jobs will be created.”
[ Source: unews.com ]


-Mortgage Debt Forgiveness

We have to do something to stop the foreclosures from continuing. The more the foreclosures, the lower the housing prices will be and the longer this mess continues. It is a moral dilemma. Lessening the principle amount on mortgages that are far higher than what the home is now worth will help stabilize the housing market and keep foreclosures at bay. This whole economic mess was started because of the governmental regulations that were shoved down everyone’s throat, that all American’s deserve a home of their own whether they could pay for it or not. These toxic loans were the impetus that threw our economy into a tailspin. No matter how the government tries to put all the blame on Wall Street, the major blame is on the liberal democrats of the early 90′s and their socialistic goals. But, putting the blame game aside, we are all in this mess and something has to be done. I would like to hear about what the other methods to take care of this problem are. Or maybe, we will all have to bite the bullet and give “Principle Forgiveness” to every homeowner whose home is underwater and modify their loans. Of course, then the banks will be clamoring for more bailouts. You would think with all these so-called “economic and financial experts” they would be able to come up with some way to get us back on track. One way I am sure will work is to never elect an OBAMA like President again. We elected someone who knew NOTHING about finances, running a country, foreign affairs, the importance of using our own natural energy resources, about being a President to ALL Americans, how to be a real leader and take responsibility for the Country and his decisions, instead of continually blaming someone else, how to get Americans to work again, and basically to be the Leader of the Free World. His only qualifications were to get and retain people on the reliance of the government and poking at the great wound of our Country by rekindling a race war. It is time to get someone who knows how to put people to work, who knows about finances and who has had a real job and been quite successful at it. We need a new Senate that can actually pass a budget – and we wonder why the government is so far in debt?! This November, ask yourself, “Are you really better off than 4 years ago? Is our Country better off than it was 4 years ago?”
[ Source: firedream.com ]


-Debt Forgiveness and Mortgages

There are a significant number of options for people who are dealing with credit card debt and require alternative options beyond standard payment plans because of a drastic change in their financial strength and many consumers have been impacted severely as well by issues of high mortgage payments, underwater mortgages and exorbitant interest rates. For the most part people who have sought debt relief have had a few options but one of the biggest issues for many people as the economy has struggled to recover is a persistent problem regarding a mortgage.
[ Source: philadelphiadailyphoto.com ]


-DeMarco Warns of the Dangers of Large-Scale Forgiving of Mortgage Debt

*The Heritage Foundation is a conservative Think Tank designed to come up with good ideas about making something bad, sound like something good. PURE DECEPTION and MISINFORMATION {Admin Note}

Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone’s intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.
[ Source: heritage.org ]


-Tax Tips: 10 Tips for Mortgage Debt Forgiveness

10. Examine the Form 1099-C carefully. Notify the lender immediately if any of the information shown is incorrect. You should pay particular attention to the amount of debt forgiven in Box 2 as well as the value listed for your home in Box 7.
[ Source: patch.com ]

[ DEBT SETTLEMENT USA – MEDIA BLACKOUT ]

ICELAND FORCES DEBT FORGIVENESS: TOTAL US MEDIA BLACKOUT – “When Debt Is Fraud, Debt Forgiveness Is The Last And Only Remedy” Zeus Yiamouyiannis, Ph.D. / TDP BLACKLISTED [Alert]

Finally serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancellation, jubilee—debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis.

The US Rothschild Controlled Media (RCM) has completely BLACKED OUT/CENSORED any news about Iceland’s DEBT FORGIVENESS.

If you Google “ICELAND FORGIVES ENTIRE POPULATION OF MORTGAGE DEBT” you will get ‘About 359,000 Results’. Not one of them is a Media Outlet in the US. Not one single Major or Minor news outlet in America has mentioned a single word about this story.

This is TOTAL MEDIA CENSORSHIP and a TOTAL MEDIA BLACKOUT, and it should tell you who owns and runs the Media in America.

BANKERS. Foreign Bankers.

We are allowed to see a tortured, bleeding, dying Gaddafi anywhere, but we are not allowed to know about Debt Forgiveness.

If you Google “DEBT FORGIVENESS” About 1 million 850 results. Not one of them talks about forgiving debt. Okay, 1 does.
But still, out of over a million and a half results.

The MAINSTREAM MEDIA totally censors anything to do with Debt Forgiveness.

The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.

Iceland Forgives Mortgage Debt for the Population. Putting Bankers and Politicians on “Bench of Accused”
This is awesome. It shows when the people DO STAND UP they have more power and win against the corrupt bankers and politicians of a country. Iceland is forgiving and erasing the mortgage debt of the population.

They are putting the bankers and politicians on the “Bench of the Accused.” Which means I assume they are putting them on trial for corruption.

Now the rest of people of the world need to start doing the same thing. We all need to stand up and against all the corruption and fraud of the banks and politicians that are puppets of the banks and corporations.

The beauty of it is that they will have a load of cash to circulate into the economy and into service industries etc…instead of feeding it to the parasite bankers and out of the economy, great idea. If it was warmer I’d move to Iceland.

For Whom The Bell Tolls:

This could very well be the first chime of many to signal the Death of the World Banking System headed by our ‘good’ friends the Rothschild’s.

Iceland Strikes the First Major Blow Against the World Banking (Fraud) Cartel. This is what can immediately put money into the hands of many American’s.

The Us Government through Fannie Mae, Freddie Mac and FHA own 96% of all bad housing loans. Many have stated, that in effect,
“The US Government is Foreclosing on itself.” This is the very definition of Insanity. It is a form of Suicide.

Major Banks only hold 3% of bad housing loans, 3%!

This is not a banking problem, it is a Government problem, they hold the loans!

We were just about to do a story on America Foreclosing on itself when this article came across our computer.

Times have just gotten brighter.

This is Awesome, News!

The Title says it all:

The True Democracy Party now calls for Nation-Wide Mortgage Debt Forgiveness!

“Who is with US ?!”

***

Endgame: When Debt Is Fraud, Debt Forgiveness Is The Last And Only Remedy

Charles Hugh-Smith from Of Two Minds.

Today I present an important guest essay by long-time contributor Zeus Yiamouyiannis, who suggests that when debt is essentially fraudulent, then debt forgiveness is both the logical and the only remedy.

Endgame: When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy, by Zeus Yiamouyiannis, Ph.D., copyright 2011.

Introduction

Finally serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancellation, jubilee—debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis.

“On a grand scale the only way to erase counterfeit money and (counterfeit) assets of hundreds of trillions of dollars is to erase the debts associated with those fake assets. (Let me underscore again, these are not “toxic” assets, they are fake assets.)… Forgiveness in general, and forgiveness of debt in particular, stand as virtues if they free us up to acknowledge, address, and learn from our culpability, start anew, and create forward.” (The Big Squeeze, Part 3: The Quiet Rebellion: Civil Disobedience, Local Markets, and Debt Erasure (January 29, 2011)
Debt forgiveness, therefore, accomplishes two important things. It eliminates the increasing and outsized portion of productive enterprise to pay off unproductive obligations, and it clears the ground for new opportunities, new thinking, invention, and entrepreneurialism. This is why the ability to declare bankruptcy is so essential in the pursuit of both happiness and innovation.

Currently we are mired in a “new normal” and calls for “austerity” which are nothing more than the delusional efforts of a status quo to avoid the consequences of its own error and fraud and to profit evermore. So bedazzled by the false wealth created by debt multiplication and its concomitant fantasy of ever-higher returns, this status quo continues to be stupidly amazed that people are not spending and that the economy is not picking up. But how could it be otherwise?

Productive wealth has been trapped in a web of parasitic theft, counterfeiting, liability evasion, non-regulation, and prosecutorial non-accountability. All the fundamental attributes of a functioning exchange economy have been warped to reward creative criminals. I spoke extensively about this in my posts from 2008. (Imaginary Worth, Empire of Debt: How Modern Finance Created Its Own Downfall (October 15, 2008)

The unsustainable nature of debt

Two observations: 1) Fabricated/parasitic so-called “wealth” destroys value by diluting the value of productive wealth. 2) Debt/credit that cannot be paid back is never an asset and is always a hot-potato liability (needing to be foisted to a greater fool to garner “profit” and transaction fees):

“The models [modern debt are] based upon had no contact with reality. They assumed unlimited growth and ability to pay. When matched against the reality of people paying ten times their salary for mortgages that actually added more money owed to their principal (i.e. with negative amortization), required no money down, and set up “balloon payments,” large step-ups in payments after a few years) there is no possible way they could NOT default in a predictable span of time.” (Part II: How the Credit Default Swap Scam Works (October 13, 2008)
Systemically, all debt that charges a percentage (“usury”) originates in delusion. Debt grows exponentially indefinitely, growth (income and otherwise) cannot. This leads to a widening condition where the fruits of productive “growth” devoted to interest payments increase until those fruits are entirely consumed. (The Elephant In The Room: Debt Grows Exponentially, While Economies Only Grow In An S-Curve (Washington’s Blog)

Once this happens, stores of wealth (hard assets) begin to be cannibalized to make up for the difference. You see this in Greece with its sale of public assets to private companies, and in middle-class America where people are liquidating retirement accounts to pay for their cost of living.

This problem is compounded by a private Federal Reserve that lends money into circulation at interest, and then allows the multiplication of this consumer debt-money liability through fractional reserve banking. The money in circulation today could pay only a small fraction of the total private and public debt. That fact alone is evidence of a kind of systemic fraud. “If you just work hard enough, save, and make sensible decisions, you can get out of debt” could only physically work for a bare fraction of the population, given the money-to-debt ratio. The rest would have to simply default to clear the boards.

This is why debt forgiveness makes not only moral but rational, mathematical sense. Finances require balancing to be coherent. There must be some way to redress systemic imbalance. One has to be able to “zero the scales” to get an accurate weight of value and to re-establish healthy value creation.

Voices in the debate

Some analysts are beginning to see the forest through the trees in terms of debt forgiveness. Steve Keen, Australian economist and current deflationist, and Michael Hudson, American economic contrarian and prescient essayist, are both using clear-sighted reality-based financial analysis to debunk accounting games that obscure the untenable debt situation and to call for debt forgiveness.

How can selling sovereign assets and imposing austerity on Greek citizens (taking money out of their hands through higher taxes and lower benefits) do anything other than hollow out value and contract the Greek economy in the face of a deep global recession? Michael Hudson: It can’t. Greece’s debt needs to be written off.

“It seems unreasonable and unrealistic to expect that large sectors of the New European population can be made subject to salary garnishment throughout their lives, reducing them to a lifetime of debt peonage… (T)he only way to resolve it is to negotiate a debt write-off…” (The Coming European Debt Wars: EU Countries sinking into Depression (Michael Hudson, Global Research, April 9, 2010)
(“[We’ll Have] a Never-Ending Depression Unless We Repudiate the Debt, Which Never Should Have Been Extended In The First Place” (Washington’s Blog)
Why isn’t “quantitative easing” and flooding the U.S. economy with debt-money working to prime borrowing and lending? Steve Keen: Because the money is going into deleveraging in a time of overextension:

“Bernanke is throwing (a) trillion dollars into the system. Rather than that leading to ten trillion dollars of additional credit money, creating the inflation people are expecting, that trillion dollars is all that goes in, and people deleveraging actually reduce their level of spending by more than a trillion dollars by trying to pay their debt down, and it cancels out what the government is trying to do… We need a 21st century jubilee.” (On the Edge with . . . Steve Keen (Max Keiser, video)
Other well-known commentators are not seeing the debt forest at all. In their contentious debates over deflation and inflation, neither Rick Ackerman nor Gonzalo Lira seem to be aware of the overwhelmingly fraudulent nature of present global debt– including the 600 to 1,000 trillion dollars of fabricated notional wealth represented by the derivatives markets, fraudclosure, and a host of other sources.

Rick Ackerman: “’Ultimately, every penny of every debt must be paid — if not by the borrower, then by the lender.’ Inflationists and deflationists implicitly agree on this point… and we differ only on the question of who, borrower or lender, will take the hit.” (Let’s Think This Through Together….)

I posted a pithy response in the comment section:

“Both Rick and Gonzalo left out the obvious third way–debt forgiveness. No… debt does not have to be paid by someone; it can be absolved, especially debt created upon fraudulent and/or counterfeit-ridden practice… (D)erivatives are not real wealth, and neither was the ostensible climb in the values of housing resting in large part on those phony-wealth derivatives.
The only “real wealth” here revolves around ability to produce real and needed goods (to allow us to survive), and the ability to create something that increases one’s quality of life (to promote our thriving). Precious little of the present global economy involves either one of these. Yeah, if we use FASB standards and Goldman Sachs accounting, we can pretend our worthless junk is all really simply very rare, “unique condition” collectibles worth trillions of dollars.
I’ve got a better idea. Take our financial junk out of the global attic in boxes, put them out on the front lawn, and see if anyone wants to pay a few bucks for the various items, give away the leftovers to anyone interested passing on the sidewalk, and recycle, donate, or dispose of the rest. It’s a moving sale, and if our economy is going to get moving, maybe we ought to have one.” (Zeus Yiamouyiannis April 6, 2011 at 4:11 pm)
How it might play out

This subtle debt extortion creates a system of never-ending debt-slavery for a vast majority of the population. When this “manageable” slavery is aggravated by a desire to use hardship to extort ever greater assets from the overburdened at ever cheaper prices (what Naomi Klein calls “disaster capitalism”), by open and unapologetic widespread fraud, and by the unjust offloading of risk and liability to taxpayers who had nothing to do with poor decisions of private banks, then the systemic abuse is revealed in the daily lives of citizens.

Debt creates scarcity, which stimulates fear, which drives manic competition, which favors opportunism, collusion, and concentrations of power, which translates to abuse, which results in a collapse of legitimacy for the economic system. Overreach causes a breaking point, and we are getting close to it. Will the response be warfare, taxpayer revolt, political upheaval, mass default, debt forgiveness, something other, some combination? I have predicted pockets of violence would be mixed with some softer combination of taxpayer revolt, mass default, political upheaval, and debt forgiveness, along with a return to community exchange to meet basic needs. (The Big Squeeze, Part 3: The Quiet Rebellion: Civil Disobedience, Local Markets, and Debt Erasure (January 29, 2011)

This possibility of epic reprisal may very well compel banks to come to the table around debt forgiveness to avoid violent backlash and criminal prosecution, even over preserving their gravy train companies. The bitter irony of these companies and their galloping greed is that they ended up victimizing each other by selling junk to each other and extracting all the real value in salary and bonuses. Their assets rest on notional values, that when unmasked would drive each into immediate insolvency. They have simply been scam artists, producing little value and extracting mountains of money.

What might this look like? Looking at present trends and using the very useful framework of Kubler-Ross’s stages of grief, it might go something like this…

Average debtor:

1) Denial: Liquidate savings to pay for over-priced house and cost of living.
2) Anger and fear: Exhaust resources, experience want, compounded by austerity measures.
3) Bargaining: Attempt to negotiate with bank through HAMP and other mechanisms to lower payments. Banks don ‘t bite and even have incentives to foreclose.
4) Depression: Lose/default on the house and move in with family or cheap rental.
5) Find out life is better without being a debt slave and spend more time with community and the ones you love.

Bankers:

1) Denial: Collect 144 billion in bonuses after financial collapse and laugh as not a single trading day loss arises for zombie TBTF banks completely subsidized by governments.
2) Anger: Express false righteousness, indignation, and hubris over even modest/toothless demands/regulations attempted to be placed on them by governments. Exhibit sadistic zeal at being able to simply claim you own and liquidate properties they have no clear title to.
3) Bargaining: Experience dawning awareness that may have just cooked your own gooses as strategic defaults skyrocket, populist demands to prosecute fraudclosure gain traction, and quantitative easing ad infinitum dwindles and fails to keep stock prices artificially aloft. Improvise panicked attempts to “be reasonable” and actually negotiate, once the asset and money flow well runs dry.
4) Depression: Contemplate and realize possible bankruptcy by big banks. Retreat to the Hamptons to hire criminal defense lawyers, contemplate empty life, and shoulder the abuse of media and contempt of a global citizenry.
5) Acceptance: Trying to regain “good guy” status and avoid criminal prosecution by agreeing to be part of debt forgiveness.

Once defaults happen in increasing numbers and certain asset prices plunge (i.e. real estate), what will initially look like a bonanza for capitalist parasites could easily get out of hand, with people either unable or unwilling to buy inventory even at greatly reduced prices. Profits would tank at banks, liabilities would skyrocket even with most of it transferred to government guarantee. Because no one plays the game anymore, banks could go under as well, as people rise to vote out bank-friendly politicians and simply refuse to pay. This unraveling could easily force exposure of the notional value of derivatives in banks as worthless, meaning they are as bankrupt as the people they exploited. At this point, there will be a common desire and need to simply “forgive” the debts and try to find some way to distribute these empty homes.

Conclusion

Debt forgiveness simply calls out either the inherent systemic inability to make good on debts or the recognition that debt was produced through fraudulent means. In the present situation, both conditions obtain. There has likely been no point in world history where debt forgiveness has been so comprehensively merited. The only speculation from my point (barring world-wide global feudalism and eternal debt slavery) is whether we will initiate such forgiveness or be forced into it.

Thank you, Zeus, for this prescient and insightful analysis of debt and debt renunciation.The Kondratieff Cycle can only turn to Spring after debt renunciation completes the Winter cycle. Let’s stop pretending we’re still in Summer, and that the Fed’s puny “quantitative easing” and monetary cargo-cult machinations can reverse the seasons.


HAS THE TRUE DEMOCRACY PARTY BEEN “BLACKLISTED” ?

OMG! HOW COOL IS THAT!!!

*******MEDIA BLACKLIST*******

Posts Tagged ‘media blackout’

-IMF urges authorities to consider debt forgiveness to restore growth
Monday, April 16th, 2012
The IMF said the lessons showed that “policies can help avert self-reinforcing cycles of household defaults, further house price declines, and additional contractions in output” and made a case “for government involvement to lower the cost of restructuring debt, facilitate the writing down of household debt, and help prevent foreclosures”.
***Source: wordpress.com***

-ICELAND FORGIVES ENTIRE POPULATION OF MORTGAGE DEBT!: And So Can We! “TDP Calls For Nation
[…] The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.Source: truedemocracyparty.net […]
***Source: truedemocracyparty.net***

-Mortgage Debt Forgiveness by Howard Knight
Since the housing bust of 2007, many homes in various parts of the country are upside down on their loans. This happens when owners owe more debt than what the house can be sold for. This forces owners to stay and try to recover their paper loss over time or sell it at a loss and pay the remaining mortgage balance to the bank. Some people have restructured their mortgage loans which forgives part of their debt. And others have turned in their keys to the bank and walked out of their mortgage crisis.
***Source: deafnetwork.com***

-The Tax Consequences of Debt Forgiveness
Let’ s say the Smiths, like so many American homeowners, find themselves unable to afford their mortgage. They reach out to their lender and after jumping through numerous hoops, filling out countless forms and getting a buyer on the hook, the bank agrees to release its lien and approve their short sale. The Smiths owed $500,000 on their mortgage but the bank agreed to accept a sale price of $400,000 and forgive the remaining $100,000 balance. Great news right? Yes and no. Of course, it’s positive that the Smiths were able to avoid foreclosure and move on with their lives, but thanks to the 1099-C and the IRS, they have a surprise waiting when tax time comes around. Their taxable income just increased $100,000 (the amount forgiven by the bank). Even though the Smiths never pocketed this money, despite the fact that the loan proceeds were used entirely to finance the purchase of their home, the tax man will count the forgiven debt as income and send a bill.
***Source: yourcpapartners.com***

-Mortgage Forgiveness Debt Relief Act of 2007 to Expire Soon
Once an escrow has been opened there are several phases of the title company’s involvement in the transaction. The first step is the issuance of the PR which is submitted to the buyer for review and approval. Many buyers have no idea what to look for in a Preliminary Report and will look to their real estate agent for guidance. The items set forth in the PR can be divided into: (1) normal items such as taxes, encumbrances which the seller is going to pay off, CC&R’s if applicable, and public utility easements; and (2) “red flag” items such as abstracts of judgment, tax liens, child support orders, private easements, and covenants regarding public improvements. As to all questionable items, copies of the underlying documents should be ordered from the title company. Real estate agents should not hold themselves out as authorities on complex title issues and should refer the client to the title officer to answer questions regarding the PR and should urge the client to consult a private attorney if any questions have not been answered to their satisfaction. The next step in the process is to “clean up” the title if necessary. This involves getting appropriate assurances that any liens, judgments or other monetary encumbrances will be removed prior to the close of escrow. Sometimes the seller is “upside down” and the monetary encumbrances exceed the seller’s equity in the property. It is imperative that a seller who knows that there is insufficient equity include a short pay contingency in the RPA-CA by incorporating a Short Sale Addendum (“SSA”). This provision is designed for sellers who are “upside down” in the property to the extent that the proceeds of the sale will be inadequate to pay off existing encumbrances. This clause makes the close of escrow contingent upon the lien holders agreeing to reduce their pay off requirements enough to allow the seller to close without bringing money into escrow and without reducing the costs of sale including real estate commissions. Thus this clause protects brokers as well as the seller. Without a “short pay” contingency a seller who cannot persuade his lenders to reduce there demands will be in breach of the RPA-CA by virtue of his inability to deliver clear title free and clear of all monetary encumbrances. As long as the property is being sold for fair market value the lender will usually agree to the short pay since the alternative is to foreclose and perhaps end up with the property on their books which is very disadvantageous from a banking standpoint. Sellers finding themselves in this position need to consult with a tax professional since, among other things, the forgiveness of any debt by a lender may be deemed to be taxable income. They may qualify for relief from any tax consequences under the Debt Relief Act of 2007 or the insolvency provisions of Section 108 of the Internal Revenue Code, however these provisions may apply to any given situation and it is imperative that they get professional advice from a qualified tax expert and under no circumstance should a real estate agent give such advice.
***Source: masterpiecerealtyassociates.com***

-Nonprofit grassroots movement seeks student loan debt forgiveness
“Forgiving student loan debt would have an immediate stimulating effect on the economy,” Applebaum said. “Responsible people who did nothing other than pursue a higher education would have hundreds, if not thousands of extra dollars per month to spend, fueling the economy now. Those extra dollars being pumped into the economy would have a multiplying effect, unlike many of the provisions of the new stimulus package. As a result, tax revenues would go up, the credit markets will unfreeze and jobs will be created.”
***Source: unews.com***

-Mortgage Debt Forgiveness
We have to do something to stop the foreclosures from continuing. The more the foreclosures, the lower the housing prices will be and the longer this mess continues. It is a moral dilemma. Lessening the principle amount on mortgages that are far higher than what the home is now worth will help stabilize the housing market and keep foreclosures at bay. This whole economic mess was started because of the governmental regulations that were shoved down everyone’s throat, that all American’s deserve a home of their own whether they could pay for it or not. These toxic loans were the impetus that threw our economy into a tailspin. No matter how the government tries to put all the blame on Wall Street, the major blame is on the liberal democrats of the early 90′s and their socialistic goals. But, putting the blame game aside, we are all in this mess and something has to be done. I would like to hear about what the other methods to take care of this problem are. Or maybe, we will all have to bite the bullet and give “Principle Forgiveness” to every homeowner whose home is underwater and modify their loans. Of course, then the banks will be clamoring for more bailouts. You would think with all these so-called “economic and financial experts” they would be able to come up with some way to get us back on track. One way I am sure will work is to never elect an OBAMA like President again. We elected someone who knew NOTHING about finances, running a country, foreign affairs, the importance of using our own natural energy resources, about being a President to ALL Americans, how to be a real leader and take responsibility for the Country and his decisions, instead of continually blaming someone else, how to get Americans to work again, and basically to be the Leader of the Free World. His only qualifications were to get and retain people on the reliance of the government and poking at the great wound of our Country by rekindling a race war. It is time to get someone who knows how to put people to work, who knows about finances and who has had a real job and been quite successful at it. We need a new Senate that can actually pass a budget – and we wonder why the government is so far in debt?! This November, ask yourself, “Are you really better off than 4 years ago? Is our Country better off than it was 4 years ago?”
***Source: firedream.com***

-Debt Forgiveness and Mortgages
There are a significant number of options for people who are dealing with credit card debt and require alternative options beyond standard payment plans because of a drastic change in their financial strength and many consumers have been impacted severely as well by issues of high mortgage payments, underwater mortgages and exorbitant interest rates. For the most part people who have sought debt relief have had a few options but one of the biggest issues for many people as the economy has struggled to recover is a persistent problem regarding a mortgage.
***Source: philadelphiadailyphoto.com***

-DeMarco Warns of the Dangers of Large
Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone’s intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.
***Source: heritage.org***

-Tax Tips: 10 Tips for Mortgage Debt Forgiveness
10. Examine the Form 1099-C carefully. Notify the lender immediately if any of the information shown is incorrect. You should pay particular attention to the amount of debt forgiven in Box 2 as well as the value listed for your home in Box 7.
***Source: patch.com***

[ DEBT SETTLEMENT USA / MEDIA BLACKOUT ]

ICELAND FORGIVES ENTIRE POPULATION OF MORTGAGE DEBT!: And So Can We! “TDP Calls For Nation-Wide Mortgage Debt Forgiveness!”

The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.

Iceland Forgives Mortgage Debt for the Population. Putting Bankers and Politicians on “Bench of Accused”
This is awesome. It shows when the people DO STAND UP they have more power and win against the corrupt bankers and politicians of a country. Iceland is forgiving and erasing the mortgage debt of the population.

They are putting the bankers and politicians on the “Bench of the Accused.” Which means I assume they are putting them on trial for corruption.

Now the rest of people of the world need to start doing the same thing. We all need to stand up and against all the corruption and fraud of the banks and politicians that are puppets of the banks and corporations.

The beauty of it is that they will have a load of cash to circulate into the economy and into service industries etc…instead of feeding it to the parasite bankers and out of the economy, great idea. If it was warmer I’d move to Iceland.

For Whom The Bell Tolls:

This could very well be the first chime of many to signal the Death of the World Banking System headed by our ‘good’ friends the Rothschild’s.

Iceland Strikes the First Major Blow Against the World Banking (Fraud) Cartel. This is what can immediately put money into the hands of many American’s.

The Us Government through Fannie Mae, Freddie Mac and FHA own 96% of all bad housing loans. Many have stated, that in effect,
“The US Government is Foreclosing on itself.” This is the very definition of Insanity. It is a form of Suicide.

Major Banks only hold 3% of bad housing loans, 3%!

This is not a banking problem, it is a Government problem, they hold the loans!

We were just about to do a story on America Foreclosing on itself when this article came across our computer.

Times have just gotten brighter.

This is Awesome, News!

The Title says it all:

The True Democracy Party now calls for Nation-Wide Mortgage Debt Forgiveness!

“Who is with US ?!”