We hope that you will find the guide educational, helpful, and entertaining, money saving, inspiring, and provocative. We have reached a crisis point within our country, surrounding its leaders, and its monetary system. We are on the brink of total collapse and economic chaos if we do not, as Americans, begin to educate ourselves as to what has been happening to lead us to the point we are at today. It matters not if you are Democrat or Republican or any other party, as “He who controls the money, it matters not who makes the laws.” We fought the British in the Revolutionary War to gain our Independence from the British Central Banks and yet here we are in a battle once again, against a force that has been incrementally putting in place legislation in our country to transfer the wealth and gain our property and assets. So far it has worked exactly as planned. The banks lobbyists have corrupted our politicians and taken over Congress. Top financial advisors to the White House are former Goldman Sachs CEOs.
Goldman Sachs was one of the culprits in the mortgage back securities scam. I could go on and on but let the story unfold slowly. To make the most of the guide, start with the government sponsored so called “help”. It won’t help you, but it is important to see the hypocrisy when you read further and discover the truth. Then these “programs” really stand out as the shams and fake help they are. I tried every one of these programs and got no help.
It wasn’t until I began researching how I could have possibly gone from having a Net Worth of close to a million dollars in cash and equity to not only losing everything but owing about $600,000.00 dollars in a space of less than 1 year? I owned real estate for Gods’ sake! I chose the safe boring conservative investment, because I didn’t trust the fluctuations of the Stock Market! I’d already lost money in that, during the dot com years.
So WTH happened? Now I was unemployed and a certified Paralegal, so I put my skills to work and began researching, researching and more researching. What I found alarmed me to the point I began writing letters, writing to anyone that I thought might listen. Congressman, to Representatives, to President Obama and Oprah! To CNN to Bill Mahr! I’ve written to my states Dept. of Business and Industry (the director and the fraud division), the State Attorney General, as well as began posting comments on news stories I would find on-line. I started blogging and collaborating information with people all over the country and next thing you know I had formed a real network of people that were just like me.
I didn’t get a subprime mortgage. I put 20% down, 30 year fixed rate, poured additional monies into my house, paid property taxes and insurance, payments for 8 years! It’s all gone and then some. It will take at least 10 years to get back to just 0% Equity, just to not be underwater! That’s called being a slave to a house. The point is, I did not act foolishly with my money. If you got a subprime mortgage you were smarter than me, at least you didn’t lose the down payment like many of us did. It was not the subprime borrowers fault nearly as much as the banks that knew what they were doing.
Who wouldn’t want a house for no money down? I mean really?? I saved for 20 years to be in the position to buy with 20% down that was wiped out by the fraud perpetrated on us. Both the borrower and the investor. The investor thought they were buying “asset backed securities” and the borrowers thought they were getting loans. In reality, the investors were sold “blue sky” a “promise to pay” they were investing in us but without disclosure of that risk or that the “asset” was based on “air”. The Borrowers were made a part of a “Security” in fact THE BIGGEST PART, as it was our “Promise to pay” that was sold to the investor! Our promissory Notes were the key element to the Security and yet we were not told, it was hidden in fact behind a wall called MERS so we could no longer see who we owed the money to? And we should have been getting prospectuses not loan docs! Borrowers were never “loaned anything”.
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US Economic Survival Guide
