House of Cards- home prices are about to plummet--and take unsuspecting homeowners with them  

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"Permit me to issue and control the money of a nation, and I care not who makes its laws." His son, Amschel Mayer Rothschild

"I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain's money supply controls the British Empire, and I control the British money supply."  Another son, Nathan Mayer Rothschild bragged.

Whoever controls the volume of money in any country is absolute master of all industry and commerce. --President James A. Garfield 

August 7, 2004
U.S. banks seen vulnerable to high mortgage holdings if interest rates rise rapidly

After nearly 10 years of unprecedented growth, the bottom is about to fall out of the US housing market.  A total of $2.5 trillion….or more…. will be wiped away in a matter of days.  But, as awful as that sounds, that's not the worst of it.  Because of the enormous house of cards created by the Financial Manipulators over the past 10 years, the entire U.S. financial system is in jeopardy. 

Fueled by artificially low interest rates - and the dangerous policies of the huge mortgage vacuum cleaners, Fannie Mae and Freddie Mac…. and Fed Chairman Alan Greenspan,  millions of Americans are about to be blindsided by an event more destructive than the Stock Market Crash of 1929 !

The US debt bubble has surpassed that of the Great Depression. What does that mean? In 1929 enormous debt was harvested for pennies on the dollar when the bubble burst, or was popped. Now in 2004, heading into 2005 Americans are once again in a highly vulnerable equity position and ready for another harvest.

Dean Baker and Mark Weisbrot, founders of the Center for Policy and Economic Research insist the housing market is a catastrophe waiting to happen.

John H. Vogel, Jr., professor and faculty director at the Tuck School of Business at Dartmouth College, Hanover, NH described the housing market as a runaway train destined to derail in disaster

This nation's enormous consumption bubble - created entirely by those who manipulate the economy is in its final days.  In fact, the dominoes have already begun to fall in a dramatic event that will come to a head soon!

When? Robert McHugh has looked at the data and the graphs and on Sunday, May 30 he reported that,

the Federal Reserve has confirmed our Stock Market Crash forecast by raising the Money Supply (M-3) by crisis proportions, up another 46.8 billion this past week. What awful calamity do they see? Something is up. This is unprecedented, unheard-of pre-catastrophe M-3 expansion. M-3 is up an amount that we've never seen before without a crisis - $155 billion over the past 4 weeks, a $2.0 trillion annualized pace, a 22.2 percent annualized rate of growth!!! There must be a crisis of historic proportions coming, and the Federal Reserve Bank of the United States is making sure that there is enough liquidity in place to protect our nation's fragile financial system. The amazing thing is, the Fed's actions mean they know what is about to happen. They are aware of a terrible, horrific imminent event. What could it be?

One can draw no other conclusion except that the Fed is acting irresponsibly in its managing the money supply, in fulfilling its duty to "maintain a stable currency." I reject the notion that the Fed is acting irresponsibly. No, something is up, bigger than we have ever seen in the history of the United States.

http://www.safehaven.com/article-1597.htm

THE TOTAL DESTRUCTION OF THE U.S. HOUSING MARKET

This shocking financial scenario is not only completely unavoidable... it's already well under way! If you are listening carefully, you can pick up hints that point toward the agendas behind the words. Benjamin Wallace Wells, editor of Washington Monthly, wrote in the April 2004 issue that:

…during the last week in February, when Greenspan recommended that the home-owning public take a good hard look at switching from fixed-rate mortgages, under whose terms payments stay the same no matter what interest rates do, to adjustable rate mortgages (ARMs), where payments fluctuate along with interest rates--which, right now, makes close to zero sense. Interest rates are lower than they've been in 30 years, and, with all economists predicting a general economic upturn, and Bush's budget deficit and the weak dollar sucking up capital, little doubt exists that interest rates must rise, in which case, switching from a fixed-rate to adjustable-rate mortgage would be pretty costly for any family naïve enough to take Greenspan at his word.

What’s Greenspan talking about?!

Quite simply, Greenspan is trying to keep a wobbly and fragile recovery alive--and using mortgage refinancing to do it.

There are many strange things about the choppy recovery we're in, but among the most curious is that it is being fueled largely by consumer spending. Why consumers should continue to spend, and why they've done it throughout the recession, is not immediately obvious. After all, average income growth has been puny in the last few years. There's been a big falloff in jobs. Health care and tuition costs have only been going up. And the stock market has spent the last three years unsuccessfully huffing and puffing to get back to the level where it was in early 2001. Why have consumers been spending so much?  

Americans have been using their homes as ATM machines, refinancing their mortgages in order to fund their spending …. The one sector of the economy that has consistently swelled has been housing prices.

With home prices rising and the Fed keeping rates low, a mortgage refinancing industry that barely existed 15 years ago EXPLODED into one of the fastest growing sectors of the financial services industry. Last year, one-third of all homeowners used cash-out mortgages to refinance their homes, a rate roughly consistent over the past five years.

American homeowners have gained $1.6 trillion in cash from refinancing in the last five years, and those gains have flowed almost wholly into purchases of consumer goods. The resulting spending, says Wharton's Susan Wachter, is "propping up" the American economy.

The consumer spending bubble! Based on artificially low interest rates!

What happens when this source of liquidity is spent? What other sector of the economy can carry the load besides the home mortgage refinancing and the laundering of drug money? NONE!

Mr. Wells continues:

Greenspan has played enabler to this boom. But with the Fed fund's rate at 1 percent, the chairman can't do much more to sustain it. Tens of millions of Americans have already refinanced their mortgages, and at current rates, can't be induced to do so again. This small window is closing, fast: For six months, refinancing has been tapering off, and economists expect it to narrow further--many economists have argued the gains from refinancing are likely to halve ths year. Moreover, as soon as interest rates rise (as Greenspan himself has said they will within the next year), virtually all refinancing will cease.

To date the financial media has not dug deep enough - or been bold enough - to reveal the inside story behind this 'smoking gun.' Of course, you won’t be surprised that the U.S. government is 'involved' in the creation of this enormous financial catastrophe...and that despite their futile efforts - they're ultimately powerless to stop it.    

The U.S. Housing Market Is on the Verge of an Historic Collapse

In January 2004, Kenneth R. Harney writing in Realty Times reveals that

Wall Street analysts have been questioning both companies' capital standards and use of risky derivatives to hedge their portfolios against interest rate movements. One report indicated that "at the end of (2002), Fannie's own (internal risk) models showed that its portfolio could have lost half of its market value if interest rates in the marketplace rose just 1 1/2 points. As one banking lobbyist on Capitol Hill put it, "Fannie has bet the farm (using derivatives to hedge its bets), and could have lost the farm."

Regardless of whether or not Fed Chairman Alan Greenspan wants to admit it - or even if he wants you to know about it - the United States And this particular bubble will - without question - be far worse than any in history.  Worse than the U.S. stock market bubble of the late 1960s.  Worse than the gold bubble of the late-'70s.  Worse even than the tech bubble of the late 1990s or the enormous Japan bubble " housing market is an enormous bubble on the verge of collapse.

BusinessWeek, April 12, 2004

National housing prices going back to 1951...pretty much track the rate of inflation up until 1995.  But since then, average prices on new and existing homes have soared more than 35 percentage points beyond the overall rate of inflation.  Is that unusual?  You bet it is.

The burst of this bubble will have DOUBLE the impact of a stock market collapse ... your home, your investments and your job….and there are ways we can help you prepare!

That means that many homeowners who think that they are secure in their home could be in for a big surprise! What can you do about it?

Get rid of the debt ASAP!  Consumer protection statutes and regulations can eliminate your mortgage liability and set you free of mortgage debt. This is black letter law. This means that Congress wrote and passed it, the President signed it, and the courts have upheld it. Now YOU have to USE IT! We provide you the access through our paralegal staff and attorneys.

We can help you secure your home and property by helping you clear away the debt that could otherwise become an impossible millstone around your neck.

·        We can help you eliminate your home mortgages with consumer protection statutes you probably have not yet discovered are yours to use

·        We can help you get rid of credit card debt and student loans

·        Eliminate income taxes that you don’t owe, which is just about all of it.

·        Get REAL money backed by silver and gold to protect against the devaluation of the Dollar

·        We will show you how to get out from under the national debt and become the First Creditor in line to be paid back.

·        We will show you how to lock up your assets in legal asset protection plans.

We don’t wish to alarm you but we couldn’t just sit back and let you be surprised. The manipulators might yet pull the US economy back from meltdown, but the indicators are all there.

·        They got us hemorrhaging over Iraq and Afghanistan, soon Iran...

Imagine your largest investment - your family's home -  losing 50% or more of its value overnight.  Sounds like a personal nightmare, right?  Now imagine that same scenario happening to everyone on your street...or everyone in your town.  In fact, imagine for a moment this event sucker-punching nearly every resident of every town in the United States

Hold on to your wallets.  Like it or not, your life, and the lives of over 72 million Americans,  is about to change dramatically over the course of the next few weeks and months.  You’ll need that time to put your financial life in order to protect you in extraordinary times. Think things always stay pretty much the same? Then you are in for a surprise and so is your family. Your choice.

It may have taken years to build up such an enormous and dangerous - bubble...but it will only take a few weeks for the roof to cave in.  And then 10 years' worth of prosperity will disappear before you ever realize what hit you.

You might have thought that you have done quite well. Fact is, without your action, you are considered a debtor to the national bankruptcy that began in 1933. You’ve been collateral for that debt. That’s why they insist on you paying taxes so that the interest on the debt can be paid. Ever notice where the checks that you’ve sent to the IRS are cashed? Not in the US Treasury!

A simple, inexpensive administrative remedy can permit you to be the FIRST CREDITOR to the debt of the US, prepare you to take back some of the assets that they invested without your knowledge or permission. The only way you can obtain this is through using those assets to cancel YOUR DEBTORS ACCOUNTS, the debt accounts you thought were yours. You can stand FIRST in line to be paid from the national bankruptcy instead of being the one that pays it.

Robert McHugh says,

"something is up, bigger than we have ever seen in the history of the United States....The Fed is deflating the value of the monetary base by a fifth! Why are they willing to do this? Wisdom says something bad is up - big time."

Protect yourself now before they pull the plug on the US economy.

Contact us now to get more information how to become the First Creditor instead of the Debtor.

This program is attempting to correct the imbalance and injustice of the banks and the corrupt money system. With coaching and education this process encourages a hands-on learning approach so that once the process is complete you can use it again and again in a multitude of other situations from taxes to traffic tickets.  

Credit Card Debt Elimination, Student Loan Elimination, and Tax Lien Elimination and Tax Consultation processes follow very exactly the administrative procedures as outlined in the statutes and regulations. And you can use OTHER ASSETS than your stocks or checking and savings accounts.  

The Dominoes Have Already Begun to Fall... and a Dangerous Rate Hike Is on the Way

This eye-popping turn of events is actually the spectacular collapse of a consumption bubble that was created nearly a decade ago. 

As a matter of fact the dominoes have already begun to fall in this nightmare scenario.  Which is why you need to prepare yourself today.

unlike many of the other scenarios throughout history - this bubble stands to impact a far greater number of individuals than any other. 

This scenario - as scary as it sounds - is far worse than a personal nightmare, although millions of those nightmares will soon become commonplace.  Instead, this financial disaster - created entirely by the U.S. government - is about to become an enormous national tragedy. 

That's because this market collapse, the total destruction of the U.S. housing market, will have a direct impact on more Americans than any other financial event in history.   Your friends...your neighbors...your family members...EVERYONE who fails to take the proper steps  will soon be blindsided by a number of market forces they most likely do not understand.   

Over the past three weeks, seemingly every report coming out of Washington has pointed to the same thing - a conclusion Alan Greenspan himself conceded in his April 21 remarks - like it or not, interest rates will soon be going up.

The wheels are already in motion...yet millions of Americans have not yet begun to take the steps necessary to protect their homes...and their financial future!

March 5: "Economists draw a parallel between today's high housing prices and a high price-earnings ratio for a stock, usually a sign that the stock is overvalued and due for a fall." - Knight Ridder Newspapers

April 4: 'Job gains raise expectations of interest rate increase'  USA Today

April 12: "A rise in long-term interest rates, which would push up mortgage rates, could collapse the housing bubble faster than anything else."  BusinessWeek

April 14: 'Largest increase in core measure of prices since 2001 feeds rate hike speculation'   CNN/Money

April 22: 'Greenspan Elaborates: Rate Hikes Are Coming'   Investor's Business Daily

It's frightening to think about just how devastating the collapse of the housing market will soon be for most Americans. 

But the fact of the matter is that the slightest rise in interest rates - something that is already a foregone conclusion - over the next three months could trigger an absolute disaster in this country.  Home values will plunge.  Debtors will default in record numbers.  Countless American 'dreams' will be washed away.

Alan Greenspan himself - not exactly a man known for publicly forecasting danger - has even acknowledged this problem in recent testimony before Congress, calling for immediate action to be taken regarding this danger...and conceding that a rate hike - the spark that will ignite this historic fire - is a foregone conclusion.

The Slightest Rise in Interest Rates...Will Trigger an Absolute Disaster

What's worse, however, is that this threat is potentially far more dangerous than simply a reduction in the value of your home.  It's entirely possible that the collapse of two entities - created by the U.S. government -  could spell doom for not just the housing market but for the entire financial system as we now know it.

That's because once this crisis begins to build up steam, the entire financial community is in jeopardy, including the institutions currently charged with holding the retirement savings of millions of Americans.  The very survival of these companies is intimately linked to the welfare of the homeowner...the scale of this crisis could easily bring down Wall Street.

Because of the enormous 'credit machine,' created by the U.S. government and now spinning hopelessly out of control, 52% of U.S. household assets are now exposed to an enormous risk that is about to become a hideous reality.  unlike many of the other scenarios throughout history - this bubble stands to impact a far greater number of individuals than any other. 

Over the past three weeks, seemingly every report coming out of Washington has pointed to the same thing, a conclusion Alan Greenspan himself conceded in his April 21 remarks, like it or not, interest rates will soon be going up.

Housing prices have jumped 51% since 1995.  That's a rate of 32 points above the overall rate of inflation! Because of the enormous 'credit machine' -created by the U.S. government and now spinning hopelessly out of control - 52% of U.S. household assets are now exposed to an enormous risk that is about to become a hideous reality.

Even if you're able to protect your own nest egg...imagine the impact on this country when nearly everyone loses a small fortune almost overnight.  The result will be an enormous catastrophe that will set this nation back not just years, but decades.

A Greater Impact Than All of the Other Enormous Trends ... Combined!

We're talking about each and every American homeowner being affected in a significant way.  We're also talking about over $1 trillion in consumer debt - and over $5 trillion in corporate assets - being at risk over the course of the next year.  Clearly, this is the farthest-reaching - and most expensive - set of circumstances this country has ever seen.

If you thought the Enron scandal of 2002 was a big event...remember that was a scandal that - while certainly important - impacted just thousands of people.  The U.S. Housing Market Collapse of 2004 will impact no fewer than 72 million people. 

If you thought the Global Crossing scandal of 2002 was big news...remember that millions of dollars were lost in that debacle.  The U.S. Housing Market Collapse of 2004 will see absolute losses of well over $1 trillion when all is said and done.

And that's why I'm writing you today. Get your house in order, now, before it’s too late! You won’t have too many more warnings. This can develop fast. The dollar has lost against the Euro in each of the last four weeks.

·         If OPEC stops using the Dollar to settle sales of petroleum…..

·         If the Fed decides to increase interest rates…..

·         If other countries besides the Japanese decide to reduce their exposure in the US economy…..

·         If other countries disenchanted with the US aggressive foreign policy and human rights abuses stop buying US goods….

We could be facing a financial disaster of unequalled proportions.

The goal is to reduce the last superpower to poverty and lowly status before the New World Order can be unveiled.

Returning to Benjamin Wallace Wells, editor of Washington Monthly:

What can Alan Greenspan or anyone else do about this? The answer is, NOT MUCH. Prices are so stratospheric that even modest hikes in long-term interest rates could burst the bubble. And with federal deficits soaking up so much capital, interest rates are likely to rise as the economy heats up and demand for capital increases. Of course, Greenspan could argue for rescinding some of President Bush's tax cuts, which he's long defended, to bring down the deficit. But even that probably won't forestall a collapse in home prices.

Given the lateness of the hour, and the near-inevitability of the coming crash, there's really only one thing left for concerned citizens to do. Start assigning blame.

Greenspan.... knows his reform initiatives stand little chance politically right now, and he knows that even if, miraculously, they were put into place, they likely won't keep the housing market from crashing. Why even bother to bring it up? Two reasons, say Fed-watchers. First, though he didn't explicitly warn against the housing bubble, Greenspan wants to be able to claim, after the bubble bursts, that he gave fair warning, even though these warnings came at the eleventh hour. But at a less cynical level, the chairman knows that in the American political process real reforms only get put into place after a crisis and not before, but that you stand a better chance of getting them if you publicize them early.

So, why then didn't he bring these issues up even earlier? The answer may be that he simply couldn't afford to--he was relying on a supercharged housing sector to get the economy as a whole through the recession. Indeed, he still is. On the very day that he suggested his reforms of the secondary market, he was trying to squeeze a little more juice out of refinancing with his bizarre advice to consumers about ARMs. And that, ultimately, is the ironic and uncomfortable position that this economy has forced Greenspan into. To get out of the recession, he had to rely on, stay mum about, and even encourage a housing bubble. Now, that very bubble may be the thing that destroys the recovery he has sought to create.

How long would you wait before it’s too late?

Get rid of your debt. Get gold and silver. Get going!