Words from the Rising Republics

June 29, 2016

 

It can fairly be said that the chain of catastrophic bets made over the past decade

by a few hundred bankers may well turn out to be the greatest non-violent crime

against humanity in history” Mr. Potter, Vanity Fair Magazine

Can it be said that the current crop of financial thieves are bankers themselves who gamble with “abandoned” deposits now claimed by the bankers as theirs for use in investment casinos on Wall Street? Are Bernie Sanders and Elizabeth Warren correct?

The current victim is the homeowner who when his final payment is paid on the mortgage, the deposit (promissory note) is not returned and is therefore stolen by the banker who now uses it in his practice as an investment banker. The Glass-Steagall prevented such secret behavior. Bill Clinton repealed the act in 1999. In less than a decade a meltdown occurred. Many have said another is imminent.

 What they did was predicted in 1850. “When plunder becomes a way of life for a group of men, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.”

Federic Bastiat “The Law” 1850

 SCOTUS ruled unanimously in 2015 that The Truth in Lending Act was the law of the land and that the Mortgage Companies and their subsidiaries cannot retain the note (deposited promissory note). Many state courts at every level, defy this SCOTUS ruling. No one, except Judge Roy Moore, is held accountable for defying a 5/4 ruling much less the unanimous ruling  

At first, only the five big banks that were considered too big to fail, practiced such chicanery. Now it is so wide spread even in small banks that the FBI says that it is just the way things are done.

Now nobody gets a check returned, only a copy is returned. The checks are used, when necessary, in the investment crap game. Ask JP Morgan and Wells Fargo. Accounting control fraud is what it is called by the FBI who say it is wrong, but they believe the brainwashing so extensive that a conviction is unlikely.

Again, the church ceremonies conducted in the retirement of a note by burning is now impossible. What is worse, judges don’t know any better. Law Enforcement follow orders. The end result is the transfer of wealth from the many to the few. One percent today own nearly fifty percent of all the national wealth up from nine percent in 1999.

Diversion is the rule in hopes of assigning the revolution cause to the “times”. Never has man be able to convince the righteous that theft is acceptable.

When a loan is made the Bank is the creditor. Debts must be paid, forced if necessary.

When a loan is paid in full, the bank becomes a debtor, the deposit (promissory note) must be surrendered. Banks want you to forget them as debtors. Keeping the satisfied note is a crime worthy of punishment equal to the punishment for “Baby Face Nelson.” Bankers want you to believe that entry into their presence is like going to a church esteemed for honesty. Some are honest. So is the unanimous SCOTUS decision. The old saying should apply, “What is good for the goose, is good for the gander.” Bankers and the members of Congress don’t seem to understand familiar proverbs.

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