Saturday, November 22, 2008
Light From Fred: "What people fail to realize is that when all the foreclosures on homes, farms and businesses occurred during the Great Depression, the titles to all that property ended up in the hands of the bankers. They had financed them all with 'money' they created out of thin air, with NOTHING, and then in exchange for nothing, they suddenly owned millions of acres of land and countless homes, buildings, equipment, etc., which they eventually sold again. The same thing is going on now. Despite pressure from the government upon lenders to give borrowers maximum leeway, foreclosures continue to mount, quietly shifting into the hands of banks. And who is being 'bailed out' (read enriched) by the government with the people's money? You've got it, the BANKERS. The plan worked to perfection in the 1930's and it's working again, only this time it's on a far grander scale. It's called a 'transfer of wealth.' What it really is, is 'serfdom.'"