BERNIE IS OUTDONE - (with comments by Mr. 'S') (Updated Oct. 19, 2010)
COMMENTS BY MR "S"
The below article addresses just the 'top off / of" the scheme....
The root 'platform' as 'prime derivative' is the fiat banking depository "instrument" ka the "Certificate of Live Birth" or "Birth Registration Bond"; which is a FRAUD by non-disclosure and mutual agreement of the parties thereto to all material facts as to the true nature and intent of the commercial transaction called "Birth Registration Bonding". The bonding transaction is induced / coerced by 'OFFICIAL' FRAUD and is in-fact a form of 'extortionate of credit'. FRAUD IN COMMERCE is ANTI-THETICAL to the primary axioms of "truth in commerce", "clean hands" and "good faith dealings", not to mention other material elements related to the fundamental principles of the long elaborated "law of contracts". FRAUD is officially sanctioned by the PONZI commercial 'admiralty - maritime - military - corporate' tontine trading "courts" ["pits"], insoar as Debtors and Creditors are concerned. Presumed Creditors are permitted or granted the prerogative "right" to engage in fraudulent and criminal acts, while presumed 'Debtors' are not; presumed Debtors are most always the target of such acts, including both "official" and "private / commercial" acts of those who created and control the FRANCHISE / ENTERRISE System of "commerce" and "banking". FRAUD is deemed or presumed permissible as long as "no loss" has resulted from any 'cause - related' "injury" claimed, and the burden of proof is always on the 'movant' or alleged injured party, wherein the "master" of the 'trade' [judge] has "office" to exercise delegated "prerogative authority" [by 'judicial discretion'] to determine all outcomes, based upon whatever is deemed to be in the 'public interest'....ie. those who control the 'public' ENTERPRISE System .
"Official politics" and "Church "religion" and their control are about "control" and "ordering" of the Real Intention of the System to EXTORT, use, even to "exhaust" the Living Substance of the unwitting Masses without their actual [individual or collective] informed consent or informed "agreement", and any resultant informed commercial "acceptance" of whatever is made or "presented" to appear to be in the "public interest" by those operating the "public interest" in the form of a "general welfare public trust" extortion sceme. In its basic elemental form, this may be called "socialism" or even 'communism', but in its most advanced form it may be called 'fascism ', and in any form, 'tyranny'.
The prime FRAUD of 'Birth Registration' Bonds, 'causes' the false, DECEPTIVE FRAUDULENT bonding and 'securitization' [by the American Republic People] of 'full faith and credit of the United States' [Treasury] and each and every subsequent 'instrument' 'issued' thereon and thereby. It further gives appearance and basis or 'presumption' which is used to predicate and establish [by bogus false 'verifications' / 'certificates of deposit'....lifetime Birth Bonds] the eventual degradation of real 'money' and the 'Dollar' as 'currency', reduced first to 'legal tender for all debts public and private' per HJR-192, June 5, 1933, which was then later secretly repealed Sept. 13, 1982 leaving the 'USD' / FRN classified as a "monad" per E.O. of Nixon in 1972.....ie. "a self existing thing", having no "obligation" or liability status to / on the UNITED STATES / UNITED STATES OF AMERICA, corporations and related 'Treasury' [which was re-formed and 'reorganized' / disappeared in 1912 (creation of the FRBS) -1944 (Bretton Woods Agreement, creation of the IMF and International Bank for Reconstruction and Development - World Bank).
Hence, "perpetual Reconstruction" [of the United States of America and the World of Nations and of Man] was always intended to be a matter of common "policy" and "practice" of everyday Banker necessity, operating by 'policy' driven determinations as to how the world's Peoples and other 'natural resources' would be 're - distributed' and used / treated to maximize their ponzi profits, taking whatever they wanted in various forms of SUBSTANCE..... It is the bogus "pledge" of 'unlimited credit' given to the American People of the united States of America / United States of America [a Republic], at the time of the undisclosed 'federal bankruptcy', June 5, 1933, by 'suspension' of their organic [American] Constitution (1787-1792), as well as the suspension of the 'federal' corporate Constitution (1871).
In short, there is no actual "law" or 'justice' at work or in effect within the System other than that of "strict enforcement" of compelled perormances by virulent policies of presumed "Creditors" [commercial - admiralty - private law] yoked upon the backs of occupied People(s) by Occupier "Rule and Order", wherein the "prerogative authority'' and "law of necessity'' of the "STATE" [CORPORATION] operates for the sole beneit and interest of those undisclosed "third parties" as "Principal" who own and control it; all of this built upon the intricate layered density of official false presumptions in a military - syled 'commercial trade and business' System "administrated" in / under private International Law and actual bancruptcy venue.
It is this 'state' and condition that the World of Nations and of Man was caused to come into and comport to, that gave rise to the Elitists' bank / monetary PONZI - EXTORTION scheme, otherwise called "debt slavery in perpetuity".....= "voluntary servitude". = US Dollar denominated "securitization" and conversion of alllllllllll asset and collateral 'values', including most all international commercial trade exchange and commodity transactions.
You cannot run a globalwide PONZI - EXTORTION scheme of this magnitude unless you have assurance of success by official acts of privately controlled but "publicly promulgated'' subversion, usurpation, and enforcement.
In short, a primary element of establishing a 'global regime' or Empire is to subvert all existing structures by 'any means' deemed 'expedient and necessary', to establish the undisclosed but real intent of "prerogative authority" of the 'Sovereign'. This presumed but historically expressed authority has been demonstrated by every "head of State" to-date, but the longest running "line" of such authority at this "outer" level goes to the "Royal Lines" and Dynasty Families of both East and West, as well as such dark institutions as the Vatican and its 'Mother Church' and all subsequent inferior corporate creations brought into seeming 'existence' for the sole purpose of creating the One World Order to operate in form and nature as "global [commercial - military] fascism". Everything, all structures, that we People believe to be "public" are actually "private"ly owned and operated corporate commercial construct "franchises" or "enterprises". This "Matrix" is an expression of a deeply hidden dark root of Power, which expresses by and thru existing "Royal Lines" and "Dynasty Families"; their "root origin" to existing institutions of Power [including "government" structures] operating as incorporated [governmental, non-governmental (public) and commercial (private)] corporate or other business organization styled "franchises" or "enterprises"; and, which operate contrary and anti-thetical to the pure pristine Origins and Interests of the "god"' THAT IS Nature and Man.
The existing monetary System and its "franchise-based" 'fiat' debt-as-money 'currency' extrusion is one 'necessary' element to achieve the primary objective of global "hegemony", where "hegemony" = "dominance" and "domination" of every and all. The private US Dollar / FRN [not even "legal tender or all debts public and private"] is and as been 'exhausted' since at least 1972. And, the World of Nations and of Man wonders 'why' the current chaos and meltdown of all existing structures???
Conclusion: As this planned phenomena continues, the 'Life Substance' of Man and of Earth, all "Equity" that as been built and stored within and without the System, is on the plate, long 'targeted' for radical conversion and assimilation.
Remember: Each and every 'Birth Registration' is a commercial / monetary transaction of 'bonding' creditorship capacity of the occupied People to the US CORORATION, and creates or leads to an unlawfull / illegal commercially-bogus sub-sidiary franchise of the UNITED STATES / UNITED STATES OF AMERICA, a CORORATION, called a "US person'' or 'citizen' / 'vessel' and 'taxpayer'. Per the Federal Convention, 1787, NO power or authority to incorporate or to create 'charters of incorporation' was to be delegated to the new 'federal' [Republic] Government of several American 'states' de jure under operation and effect of the American Constitution, 1787. What happened??
Question: WHO is the True Sovereign in the Natural Order of the ONE Divine Creation??
The below forwarded deconstruction of the mortgage scam is excellent, but by no means complete, and just one element of the BIG PONZI.... The entire financial - commercial - monetary System as it currently exists operates only in FRAUD. So, ''what's in your wallet??" Is your wallet 'their' wallet?? Have you been injured or put at 'loss' due to their System?? Better think about it and get down to the idea of being an aggrieved Real Party in Interest as a Creditor - Claimant and Principal Holder in Equity to the UNITED STATES, before it's too late.
WHAT HAVE YOU LOST?? WHO ARE YOU, REALLY??? HERE'S A HINT: UN-ALIEN-ABLE RIGHTS = SUBSTANCE.
Subject: Fw: Bernie is outdone
Indeed, the largest financial institutions were run by their management as what my colleague Bill Black calls “control frauds”. That is, the banks used accounting fraud to manufacture fake profits so that they could pay huge bonuses to top management. The latest data out on Wall Street bonuses show that these institutions are still run as control frauds, with another record year of bonuses paid by cooking the books. The fraud continues unabated.
This is the biggest scandal in human history. Indeed, all previous scandals from around the globe combined cannot even touch this one in terms of scale and scope and stench. This is the mother of all frauds and it will be etched into the history books for all time.
Many have called for a national moratorium on foreclosures. Even some of the banks that have been run as control frauds have voluntarily stopped foreclosing. And yet President Obama, ever the centrist, has taken sides with the Securities Industry and Financial Markets Association, which warns that “it would be catastrophic to impose a system-wide moratorium on all foreclosures and such actions could do damage to the housing market and the economy”.
No, it would expose the securities industry, itself, as the chief architect of the biggest scandal in human history.
Now we know that it was not just the mortgage brokers, and the appraisers, and the ratings agencies, and the accountants, and the investment banks that were behind the fraud. It was the securitization process itself that was fraudulent. Indeed, the securities themselves are fraudulent. Many, perhaps most, maybe all of them.
Some are trying to argue that this is just a matter of some missing paperwork. A moratorium would allow the banks to get all their ducks in a row so that they can supply all the documents needed to foreclose.
However, as reported by Ellen Brown (at Web of Debt) and by Yves Smith (at Naked Capitalism), the paperwork does not exist. Worse, as Yves has discovered, the banks are furiously working to manufacture documents, aided and abetted by companies like DocX that specialize in “document recovery solutions”—for a fee they will create fraudulent documents that banks can use in court.
The banks would like us to believe that in the speculative frenzy of the real estate boom they “forgot” to do some of the required paperwork. That is not likely.
Recall that the banks invented “no doc” mortgages. This was not at the behest of no-account borrowers, high school dropouts with bad credit histories who were duping investment bankers into making mortgage loans they could not repay. No, these mortgages were created and endorsed by originators and securitizers and credit raters to create a patina of “plausible deniability” to be used later in court when they were sued for fraud by investors who bought the securities and by the borrowers who could not possibly service the mortgages. Because if the originators had ever requested the documentation from borrowers it would have demonstrated that the mortgages and the securities were frauds.
Similarly, the paperwork required for the securities was never done because the securities were fraudulent. Yves helps to explains why. The trust that purportedly underlies a mortgage backed security must hold the “note”—the borrower's IOU (in 45 US states the mortgage that is a lien on the property is an “accessory” to the note, and is not sufficient to do a foreclosure). If the note is not conveyed to the trustee (usually before closing but sometimes up to 90 days after signing) the securities are no good.
This is not just some pesky little rule imposed by a pin-headed regulator. This is IRS code. As reported by Brown, MBSs are typically pooled through a Real Estate Mortgage Investment Conduit (REMIC) that must according to the Internal Revenue Code hold all the paperwork demonstrating a complete chain of title. Done properly, taxes are avoided. Since a number of intermediaries are usually involved from the mortgage originator through to the trustee of the REMIC, there must be endorsements all along the line. However, it now appears that most of the original notes are still held in the loan originator warehouses. There are no endorsements. The trustees do not have the notes. Can anyone say “tax fraud”?
So why weren't the notes conveyed to the REMICs? There seem to be two possibilities—probably both of them correct. Karl Denninger at MarketTicker believes it was because the REMIC trustees feared an audit by investors in the securities. If the documentation existed, it would show that the mortgage loans were fraudulent. Far better to “lose” the docs, then later manufacture new ones for the foreclosure.
According to Brown (quoting Steve Liesman and Neil Garfield), the other possibility is that the tranching process actually prohibited assignment of the notes to the REMICs. Bundles of mortgages of varying quality would be tranched into a variety of securities, say from AAA to BBB. But no individual mortgage is actually assigned to a particular tranche—until it defaults. When one defaults, it is assigned to a lower tranche security and then the foreclosure process begins. This means that from inception of that BBB security, there was no way to assign a note to the trustee because the trustee did not know in advance which mortgage would default. The REMIC trustees tried to get around that by using a dummy conduit called MERS (Mortgage Electronic Registration System) that would “hold” the mortgages and assign them to the proper tranches later. But they do not have the paperwork either, and some courts have rejected their claims as owners.
Fraud is endemic at every level of the home finance food chain. We were long told that securitized mortgages cannot be modified because of the complexity involved—modification of most mortgages would require consent of the holders of the securities that each have a piece of the mortgage. But actually it is impossible to tell how many—if any—of these securities holders have a legitimate claim on any of the mortgages. Simply imposing a moratorium will not be enough—it will just give the banks time to manufacture false documents, encouraging even more fraud. Meanwhile, half of all homeowners with mortgages are already underwater or are within spitting distance of being underwater. Many of these are drowning because the epidemic of fraud perpetrated by financial institutions destroyed our economy and caused housing prices to collapse.
Oct. 18, 2010
In re: BERNIE IS OUTDONE - (with comments by Mr. 'S')
This came from a friend of mine, discussing the above topic, who is very judicious when it comes to such matters. GP
No doubt things have changed and become far more repressive. I have my original birth certificate on blue paper with ink signatures and an embossed red wax seal. It has my name typed out in proper upper and lower case letters as well. Some years ago I went to the health department to get a certified copy and I brought my original along to speed things up. WOW, the people there were VERY upset and telling me I was not supposed to have this original and they needed to reclaim it and file it for safe keeping. They of course offered me a free certified copy, or two copies if I wanted them, if I would only surrender my original. I declined their kind offer and paid for a certified copy. They were very miffed when I left with my original. They even told me it was illegal for me to have the original and that it was mailed out to my parents by mistake; however they were unable to cite any law or code number that made my possession of my own birth certificate a crime.
What the heck was going on and why would these people be so upset that I had my bona fide original birth certificate??? (His excellent sarcasm)