NLIC.org

Janet Said:

Since wall street got "bailed out", is it any surprise that DIDN'T LEARN ANYTHING AT ALL?

We Answered:

MR. ROTHSCHILD'S ENERGY DISCOVERY

What Mr. Rothschild had discovered was the basic principle of power, influence, and control over people as applied to economics. That principle is "when you assume the appearance of power, people soon give it to you."

Mr. Rothschild had discovered that currency or deposit loan accounts had the required appearance of power that could be used to induce people (inductance, with people corresponding to a magnetic field) into surrendering their real wealth in exchange for a promise of greater wealth (instead of real compensation). They would put up real collateral in exchange for a loan of promissory notes. Mr. Rothschild found that he could issue more notes than he had backing for, so long as he had someone's stock of gold as a persuader to show his customers.

Mr. Rothschild loaned his promissory notes to individual and to governments. These would create overconfidence. Then he would make money scarce, tighten control of the system, and collect the collateral through the obligation of contracts. The cycle was then repeated. These pressures could be used to ignite a war. Then he would control the availability of currency to determine who would win the war. That government which agreed to give him control of its economic system got his support.

Collection of debts was guaranteed by economic aid to the enemy of the debtor. The profit derived from this economic methodology mad Mr. Rothschild all the more able to expand his wealth. He found that the public greed would allow currency to be printed by government order beyond the limits (inflation) of backing in precious metal or the production of goods and services.

Mattie Said:

Are you next? Didn't all of this (bad loans) begin under bush administration?

We Answered:

You guys are right. It's all Bush's fault, not the morons who over extended their credit and didn't do some simple math to see what the highest rate they could potentially pay was. It was all more about "let me show my friends how big of a house I can buy" and then not furnish the insides because you have nothing left after heating the monstrosity.

If you want to be accurate, you can trace it all back to 1977 and the Community Reinvestment Act. This was the basis for the predatory lending practices that Washington turned a blind eye to in the following years.

However, like I said, not Carter, Reagan, either Bush, Clinton or Obama forced these people to buy homes. They stupidly encouraged it (and the Homebuyer's Tax Credit and Cash for Clunkers take the cake though) and Americans stupidly obliged.

"You mean I can save $8,000 if I spend $300,000?!?! HONEY! Git the kids! We buyin a house TODAY!"

If you think it's bad now, wait a little bit. The credit didn't do anything for anyone other than blind them to the realities of their finances and we'll see hundreds of thousands, if not millions more foreclosures because of the Home Buyer Tax Credit from earlier this year.

Sherri Said:

So Confused pls help regarding who should I deal with? Mortgage Question.?

We Answered:

The only people bashing quickenloans are the large number of scammers around here.

Since you have pretty bad credit and are getting a pretty high loan, that you will not even pay for yourself, I think both deals are pretty darn good. My loans are about the same, minus points, and I pay all of my bills.

Quicken and Chase are both reputable, you have nothing to worry about.

Norma Said:

Has Wall Street completely forgotten how the subprime crises happened the first time?

We Answered:

"It actually makes a lot of fundamental sense," said Brian Bowes, the head of mortgage trading at Hexagon Securities in New York. "It's taking a bond that doesn't necessarily have a natural buyer and creating two bonds that might have a natural buyer for each."

> Wow! These people sound eerily like our government lately.

Let's face it. There's an attitude of "Eat, Drink, and Be Merry for Tomorrow We Die" in the government and on wall street these days. Very few are banking on America's future.

You're absolutely right. This is the old...dog returning to it's vomit story..all over again.

(hey those old sayings really do come in handy ;)