Comments to Catherine on Coast-to-Coast

25 Comments

1. I read a book about Hollywood some years ago with a chapter about the market crash preceeding the great depression. It claimed that back when the fledgling movie industry was based in New York, there was a little bank in New York owned by Jews and that the antisemites in the banking industry wanted to take them out. All banks in a fractional reserve system must borrow money themselves as the market waxes and wanes. A plan was concocted by the antisemite bankers to temporarily deny credit to this little bank under false pretences which would cause it to fail, and it did. What they supposedly did not know was that this little bank held notes on many of the other banks around the country and those banks fell as well in a cascading landslide of bank failures. What is amazing is that although this little bank died, the people running it moved out west as far from New York as possible and founded the BANK OF AMERICA. These bankers also were the first great patrons of film and this why Hollywood and not New York became the Mecca of the movie industry.

2. WOW what an interesting and positive group.
   I Listened to Mrs Fitts on C2C again after the news on the Bank Of America buyout. I’d like to share something else olong the topic. In a book co-authored by Robert Kyosaki of RICH DAD POOR DAD fame and Sharon L Lechter titled RICH DADS PROPHECY, they outline a HUGE coming market stress that no media is covering.
   During the Clinton administration, retirement investers were given the option of the ROTH IRA in which taxes are paid when funds are invested instead of when funds are disbursed. In accelerating the U.S. government’s tax revenue generated by IRA accounts from future disbursements to present day levies, Congress traded a higher future return on the IRA tax shelter for CASH-IN-HAND. This is how they balanced the budget after the cold war and eliminated the national debt.
   When Bill Clinton announced the end of the national debt I wondered Who that might offend and how long that would last and the government has done a fine job of getting us back in hock to the FED over the last 8 yrs.
   Congress has refused to allow corporations to write off money or DIVIDENDS paid to the stockholders as an expense. It is this double taxation on income that causes corporations to keep equity in the company driving the GROWTH STOCK trend.
   A GROWTH STOCK pays little or no dividend to the investor and the payback for the investment is in selling the stock later at a higher price instead of taking cash. The problem is in that the cash isn’t really there anymore.
   Equity makes a corporation ripe for gutting after a hostile takeover by Milliken Type “investors”.
   If an IRA account must give a disbursement to the investor and there are no cash dividends to pay out then the investor must sell those stocks when the law says so, not when the market says it’s best.
   Well coming soon In the several years that the plurality of the BABY BOOMER generation reach retirement age, retirees MUST BY LAW take payouts from their retirements accounts. These accounts are mostly invested in GROWTH STOCKS.
   What do you logicly think will happen over the next 5 yrs when a quarter of the population is required by law to sell their stocks no matter the price?
   The big money knows this is coming and it was forcast in RICH DADS PROPHECY before the big money began to cash up by raiding the market which is what is happening now.
   Michael Savage tonight proposed his theory that the reason for the value of the dollar not falling along with the market as it ought to have is that the major players manipulating the market need a vehicle to carry the value pirated. If the dollar tanked they would have gained nothing.
   I propose that if this is all true then the pirates gaming the market would most likely work to keep the dollar up until after the markets’ IRA BOOMER CRASH yet to come. Then they will re-invest the pirated dollars into the artificially devalued stocks from the IRA BOOMER CRASH.
   They could still move the equity to another more stable currency and they could also be gamed themselves if China or some other outside power player were to tank the dollar before they could reinvest in the yet to be undevalued bargain sale investments.
   I’m not sure but I think Communist states and Russia have their own central banks and currency independant of the IMF’s domination over that of the “capitalist” states.
   It could be one of the greatest malevolent transfers of wealth in our history. Its possible that some other foreign interest could end up beating the house and reaping the gain of the pirates work. It’s also quite possible it will all be as much of an issue as Y2K.

   My email is goodf2 at yahooDOTcom. I dont want any junkmail but like to talk about things.

3. Catherine,

   Excellent interview, thank you. I listened to the previous c2c show 3 times to get it all, this one I got in 2 hearings. It is so important that you are able to lay things out clearly in simple English, you do it well, and your ideas are well thought out, original, accessible – revelatory. And vcry important.

   Hearing your story for the first time was a revelation, and an affirmation of my sanity. While you were at HUD trying to build for less so you could build more, I was just starting my career, working for NYC Housing Dev Co., first lending proceeds from mortgage backed securities to build affordable housing, then channeling HUD rent subsidies to developers to pay the mortgages. Like you, I got the brilliant idea that if we tightened the programs and all the certifications, rules, etc, we could build lots more housing!!! My staff and I designed a very complex (for the time) program to do this, puffed out our chests, and proudly presented our brilliant plan for saving MILLIONS a year to the right people, and you can imagine the rest…..

   Believe me, at the time, I was completely baffled, and it took years before I could figure it all out. I think you can imagine how I felt upon hearing your story, and learning I had not been alone in getting this negative, threatened response…

   A year later, being out of a job, I started Housing and Services, Inc, a private, NFP development company to build affordable housing, and we built over 1,000 units for community based organizations, charities, the City, etc, in NYC.

   Finally shying away from bureaucracy, I now own a very small, private real estate company, and do all kinds of real estate work needed in my community. We make our contribution now by being honest, ethical, doing pro bono work and only making win/win deals, large or small. The big guys constantly come in and try to crowd us out, but eventually, realize they like working with us, and that they benefit. The community knows us, and they always come back. It takes new staff people a while to catch on and see that honesty and ethics are the best PR, but they always do.

   And, we are always “waiting and working for the next wave.” And that’s another of the many reasons why you and your work are so inspiring, and exciting. We will “stay tuned”, you are helping us grow, and we wish you the best.

4. I was grateful to hear a brief segment of your interview on AM 960 out here in the High Desert of California.

   My wife and I lost all of our savings on a home we never should have been approved to buy. Our lack of communication between each other places the responsibility on us, but the banks should have seen we were not ready to own.

   I will take your information to heart in order to lay a good road to our future prosperity and happiness.
   Thanks with blessings,
   John Hill
   http://www.littlemeteorcircle.net

5. Dear Solari,

   Here is an idea that I have been presenting
   to academics and the media for some thirty years.

   I think it is important since no one of the
   “yellow journals” has taken it up as a ‘cute’
   article. Not one. No response from any one,
   and it has gone out, via emails like this, to
   literally thousands of the media and professionals
   like yourself.

   What I’m beginning to appreciate is that this
   idea is so powerful that people just don’t want
   to accept it until someone they trust will validate
   it.

   I think it deserves a hearing.

   Thank you.

   David H.Bromberg, Chico, CA, USA
   ********************************************************************
   The GULLIVER Hypothesis

   They tell us to think out-of-the-
   box. Here’s a new idea about the human condition that fits
   the bill.

   CULTURE CHAKRA
   We posit that each cultural group is patterned on an actual
   physical part of the human body. Admittedly it’s farfetched,
   but if you give it a chance, you might find that there is some
   logic to it.

   We specify twelve body parts – they go from the head
   down to the feet and we’ve borrowed a catchy name for
   them … chakras. There are societies that are associated
   with the head, the jaw, arms & shoulders, bosom, heart,
   tummy, tush, sex, thigh, knee, shin and feet. Naturally all
   of the body is needed to run a society, but usually one
   part provides the national character, and it’s this public
   quality that we want to target.

   For example the English are head people. The accent
   in that country really is on the pate. They wear powdered
   wigs and those big bearskin hats, are ruled by the crown
   and they like to call each other governor and squire –
   meaning headman.

   The Japanese are ruled by the tummy. Their speech
   comes from the gut, they bow from the waist, and they’re
   preoccupied with ‘hara’, Japanese for stomach. When
   they want to end it all they take the spirit – ki – out of
   the stomach and commit ‘hara-kiri.’

   American culture stems from the arms, shoulders
   and lungs. Big muscled arms have always been our
   totem. We hold most of the boxing titles, our football
   players sport huge shoulders and, with our rulership
   of the lungs, we “write the songs that make the
   whole world sing.”

   There’s one more notion on humanity that, we think,
   brings it to a genuine out-of-the-box level.

   GULLIVER
   Many believe that all the people of the world are
   really one. They feel a strong kinship to everyone
   else on the planet. We believe this too and we have
   a model that ties the world together.

   If you start at England, move west in an up-and-
   down wave, and assign the body chakras to major
   cultural areas, you get a huge form stretched around the
   globe that resembles the human body. We call it Gulliver.
   We associate the body chakra parts to signs of the
   zodiac because each chakra follows closely the
   characteristics of one of the twelve astrological signs.

   Let’s begin our voyage with Gulliver’s head – England.
   It’s ruled by the sign Aries, is associated with the head,
   as we said, and is the start of the globe’s longitude.
   We’ve redrawn the world map to better show the model.

   FERDINAND THE BULL
   The next zone is the jaw and neck. The sign is Taurus
   and it includes Ireland, New England and South
   America. A look at the map shows them to be in line
   as the next body part.
   The Irish are the proverbial
   silver-tongued talkers and drinkers, both qualities
   of the jaw. They are often referred to as ‘Harps,’
   an allusion to the vocal chords. New Englanders
   are traditionally the most stubborn of Americans,
   a characteristic of Taurus. In South America we
   can visualize the Pampas with contentedly grazing
   bulls, the Taurean totem, as far as the eye can see.
   Taurus is fixed and stable earth; no army has ever
   marched out of South America to menace any other
   part of the world. The sign also rules childhood and
   governments in South America are usually headed
   by, what can best be described as, a gang of school
   yard bullies.
   AMERICA
   Gemini rules the arms, shoulders and lungs, and
   its age level is adolescence. Its place in the world
   lies in the northeast of the United States. Here is
   the domain of energy, innovation and youthful culture.
   Sports accent upper body strength. America’s
   government is topped by a set of Gemini twins –
   President and Vice-President. As a teenage society
   we can’t stand to bow to authority figures, so for
   problem solving we choose up sides and play out
   every issue as a game. Our adolescent culture
   marks us overly optimistic, so we go into debt
   easily always thinking that tomorrow will be better.

   With manifest destiny and a civil war the northeast
   was able to impose its Gemini will on the rest of the
   country. However, other signs are still intact.
   DIXIE
   The bosom of the world is in the southeastern part
   of the United States. The south has a distinct culture
   of its own, ruled by the sign Cancer, that accents
   home and women in general. Songs are mostly
   about the love of a woman, and although men are
   as brave as anywhere, the emphasis is on ‘down
   home’ values.
   The world’s heart lies in the
   zone from Los Angeles to Micronesia. It is the Leo
   area of the world and houses the stars of Hollywood
   and the blazing sun of the Pacific islands.
   Moving on we encounter the
   tummy of Gulliver in Japan and Australia. Countries
   in this zone are ruled by Virgo. A listing of the
   attributes of this sign and those of Japan would be
   identical. Neatness, attention to detail, hard work and
   uniformity of action are guide-book descriptions of
   that country and the sign. The Japanese are governed
   by politeness and conformity. Australia, though not
   identical, has definite Virgo qualities.
   A CLINICAL VIEW
   We allocate the world’s hips and spine to Libra; the
   place is China. We hate to say it, but we think that the
   dragons in Chinese parades are totems of the human
   derriere – no other explanation seems to fit as well.
   The dragon’s head comes at the end of an intestine-
   like body, snorting fire from its ‘mouth.’ Chinese
   astrology lists a bunch of low-life animals – pig, dog,
   rat, snake – that correspond to some of the signs,
   but for their own sign, Libra, they use Dragon. Their
   ‘seat of power’ is the Chairman. Libra rules art, beauty
   and up and down balance, which is a key feature of the
   Chinese language.
   Scorpio is to be found in
   Southeast Asia. It rules the organs of reproduction.
   Not only is sex a national industry in Thailand, but
   the iron will, characteristic of Scorpio, was evident
   as Vietnam withstood Chinese, Japanese, French
   and American conquests to finally achieve its
   independence.
   MONGOL HORSEMEN
   The thigh is the Sagittarian part of the body.
   Without Sag you can’t run very fast. The galloping
   warriors of Genghis Khan, and now the Trans
   Siberian Railway, attest to the Sagittarian grip on
   this part of the world. The upper leg, having the
   longest bone in the body, extends the Sag culture
   all the way to Arabia, where machismo, their so-
   called honor, and swift action flourish.

   India is the knee zone.
   It is ruled by the Capricorn goat, ever climbing in
   consciousness but also mindful of the hierarchy
   of the caste system. Capricorn rules old age.
   The aged are revered in India, and usually are an
   intrinsic part of the government.
   MORE VODKA, COMRADE?
   Russian dance and military high stepping is
   focused on their calf-length boots. They are
   the shin-Aquarian part of the great body.
   Aquarians are the booze-guzzling, party-goers
   of the zodiac and they tend to be a tad lazy.
   This idiosyncrasy is probably the reason that
   crops in Russia often rot in the fields. They also
   champion equality, definitely an Aquarian trait,
   evidenced by the 70 year socialist experiment there.
   Finally, the Piscean feet are to
   be found in Africa, where the best Olympic runners
   come from, and Europe, which held such importance
   during the last two thousand years of the Age of Pisces.

   ONE WORLD
   Gulliver then, resembles a big body and consists of
   the major cultures around the globe. It’s a powerful
   model for understanding the interaction of the world’s
   societies. It also tells those of us who are aware that,
   yes, we are all part of one great being.

   © 2008 – David H.Bromberg

6. I need to make a correction. I meant to say “The legal jeopardy for violating the regulations of office and license are only supposed to apply to the office or license and NOT Incriminate the individual.” I forgot to add that what makes a license a “privelege” is that it “Allows the license holder to engage in an illegal activity under the rules regulating that activity”. For example; It was once a right for anyone to operate a motor vehicle in private or on a public highway. For the public good it became necessary to remove this right from some people. The mechanism is that it was made a crime to operate a motor vehicle on a public highway… unless you are issued a license to engage in this illegal activity and violating the regulations of this license can lead to fines aliened upon the license or by loss of it. Rights are not priveleges. Priveleges can be regulated. Regulations are not crimes. Crimes are violations of rights by a perpetrator upon a victim. The State or a person can be either the victim or the perp.

7. Hello. I just read the story of Mrs Fitts ordeal and adventures. People ask me
   why do I bother being interested in these things. I think they, like I once did
   still trust in government to do what’s right. I am interested as far as wanting to know where to step and where not to.
   Being smaller than the rest of the kids
   and a gentle person, I was endlessly bullied back in school. I could deal with
   it, I’m tougher than most. back in grade school at Holy Ghost In Omaha Ne. I
   earned some credibility by taking on the bully of the bullies and although I
   got donkey stomped I got some good fair shots in and did some damage against a
   foe all feared. It is a pivotal point of pride in my life. I left that school
   to attend Brian Jr High school. It was a new experience and there were bullies
   there as well but one particular bum must have just thought I was too uncool
   for breathing. He just got right to it and said he was going to kill me. I
   told my counceller but not my folks at the time. The councellor said it was
   probably no big deal and nothing to worry about blah blah blah and just let her know if he says or does anything
   more. He stabbed me. He walked by without saying a word and stabbed me right
   over the heart with a pencil or a screwdriver or something that stopped at the
   rib but it was hard enough of a hit to make a hole and to knock me down. What
   really disturbed me out of it all is that the school wanted to hush it up. my
   parents talked to the police who listened then may or may not have refused to
   make a report. What they did do was to inform my parents that there will be no
   charges filed at the request of the school who put me in inhouse suspension
   for a week. This left me with no depth to my contempt for so called authority. I was
   living dirty and some “freinds” took me fishing which was unknown to me to be
   actually a burgurlary for which I went to jail. Someone in there told me not
   to feel bad. “What’s done is done, dont seek revenge…make things right”. He
   said “some people are destined for great things and that can be either good or
   bad but the direction you take is entirely your own choice”.

   Currently I am trying to be sucessful in trucking which is a worsening
   situation for the semi independant trucker. I am disgusted in the ways that
   The FHWA and the insurance companies construct policies to put the independant
   at the mercy of wall street connected companies. the wallstreet financed
   corporations tag the majority of the market cap with their brand locking the
   independant out, grab the gravy accounts for their own interests and put the
   rest up for bid stripped of profit. You might say it’s just business but
   actually business in a free country is supposed to be honest and equitable.
   What they do and call business really isnt business.
   The government is to maintain free and open markets but they do not. These
   are known as “STANDARDS” and they are to apply equally to all parties. There
   is no “freight neutrality” in the trucking industry, it is not a fair and open
   market. The rates were once regulated.
   Fuel surcharges per mile vary in reimbursement for the fuel costs from company to company.
   For example my gross revenue per mile has increased from 80cents/mile with 10cpm surcharge to 90cpm with 45cpm surcharge. Fuel is costing me 75cpm more over this time frame so my
   gross after fuel has gone from 70cpm to 35cpm before taxes and the 20cpm that
   maintenance costs.
   there is no “STANDARD” for what anyone may call a fuel
   surcharge.
   For every nickel of fuel cost increase, the sucharge needs to go up 1 penny
   to cover the cost. This formula is accurate from 4mpg to 7mpg which is the
   range that the industry operates in.
   Gas stations are not allowed to define the volume of a gallon it is a set
   standard. a surcharge can be anything but a “fuel surcharge” is based on the
   cost of a regulated substance at a common and calculable consumption rate in a
   regulated industry. it should be standardized.
   That is a fight worth fighting. I also think I can help the Independant
   trucker like myself. where the big companies are weak, we can be strong. What
   have you ever bought that needed to be delivered and did not have a shipping
   charge? The big conglomerates keep shipping costs down between themselves but
   gouge the ultimate customer. Nestle Purina to Walmart loads pay very little to
   the carrier with little to the broker and at a bargain to walmart. The
   truckers make bottom dollar regardless of the customer but if YOU bought a
   truckload of something and you dont have the clout of volume prchases to get you a better
   deal, the shipper you buy from is going to gouge you on shipping and still
   chintz the broker who has to lowball the carrier who pays the trucker the
   least amount he will haul it for.
   If you had access to the trucks and the tools to book your own loads
   bypassing the brokers and the shippers it would be for the benefit of you the
   ultimate customer and the independant trucker. All of the websites “advertised” by the search engines on the internet are broker owned or underwritten undr their authority to a 3pl “third party logistics”. 3pl’s do not own trucks and do not haul freight they are brokers who shuffle the paper and keep the profit. there is currently no public open market on freight. Part of this prob;lem is that everyone is out for them self. even the tax protesters arent about ending your taxes they are out to end theirs. Really has anyone ever paid the taxes as they were protesting them?
   A corporation even with its connections and abuse of the public trust cannot compete with a person or company out to do something only for the benefit of the overall market or the trade.
   I got to thinking about it and you just cant beat the game. the die is cast.
   But the little guy following the rules cant beat the game right?
   THE LITTLE GUY CAN BUST THE GAME!
   and thats good business for eveyone. If someone wont pass the gravy around
   the table you might just have to spill the gravy. If you let them Hog the
   gravy whatt-a-you think their gonna do with the turkey?
   I’m calling for standardization of “fuel surcharges”
   I’m calling for “freight neutrality”
   I’m calling for annexation of the federal reserve by the U.S. Govt. and siezure of it’s assets under R.I.C.O with an interpretaion that past legislators were acting in good faith but unlawfully in shopping out the federal powers which must reverse to the state and to the people if not exercised. The law of the land is the law ON THE LAND, not ON THE MAN. The individual is innately free from ownership or duress of being under orders by the protection of the law. Public servants and lincensee’s of privelege are under the “rule of law”, not the free persons and that rulership of law only imposes upon their office of public trust and their license to operate in the unlawful activity. The legal jeopardy for violating the regulations of office and license are only supposed to apply to the office or license and Incriminate the individual. There is a distnct difference between crimes and offenses of regulation and that line has been smeared over time buy corruption and professional illiteracy. It’s unconstitutional for our government to impose debt upon our persons. Our government is supposed to be loaning the money it manufactures and collecting interest on it for the public good, not borrowing it from crooks.
   I’m calling for the obsoletion of the personal income tax. The taxation powers of government only apply to what the government rules over by license of the constitution. The people are not under rule we are under protection. The law of the land is on the land not on the man and “the flag does not follow”.
   I support constitutional taxes on commerce and privelege. Something like the FAIR TAX can be a good and lawfull alternative if it is a SALES AND USE TAX. A value added tax or just a sales tax will only move company tax obligations to the individual at the consumer level while the rich would enjoy tax free use of anything purchased through their companies.
   I must also say that SERVICES must be exemted from a national sales and use tax not just by declaration but in how the legislation is crafted. If not, then a retail tax on services would become a defacto income tax.
   I am calling for the elimination of private property siezure by authorities in connection with legal jeopardy. Siezure of private property for the public good by condemnation is lawfull if the person is equitably remunerated for the deprivement. This practice of criminal siezure is a legal conflict of interest and promotes abuse. The one thing worse than a thief who steals for sustinance is a theif who steals just to take. Property rights are an inalienable right and cannot be removed. Punishment for statutory crimes apply to an individuals person by incarceration and fines. punishment for regular offenses apply to a persons license to operate in the regulated activity and not to the body of the person directly. Some will say “this not how the law is”. This is true, it is how the law was and was designed to be. The law is not a god, it is what we make of it. WE MAKE THE LAW and if we don’t someone else most surely will. What truely is conservative of rights and liberal in practice and “progressive” is that as technology increases… the burdon of government on each person should diminish.
   I would even go so far as to call for a plea of “no harm no foul” considering that if a person is confronted by law enforcement and forthwith offers any evidence he may be in posession of that would lead to a conviction of a victimless crime or misdemeanor; that the person may not be charged with a crime or misdemeanor material to that evidence however the evidence would become part of public record and the officers would still be allowed to detain and investigate.
   The variety of commercial and social Institutions, Companies, Governments, They come and go and not one has any divine right to be for they are created of man. Any aggregation of men cannot be greater than any one man for it is the single soul which is divine in it’s license. Even in a fallen imperfect mortal state the precious temporal whisp of a person’s being is the foundation of everything corporal in this world and ought to be respected by all.
   I don’t know if I will ever get a chance to run for office but at least a person should develop a platform that you believe in. I’ve always been pretty self centered. I’m working on my “platform” and it draws me to think of others more than, or at least as much of as myself. You and I can’t be free untill as a people we all are free and you have to hunt for the pack if you want to live with the pack. We all want to live don’t we?

8. Dear Ms. Catherine Fitts,

   I heard you last night on Coast to Coast with George Noory. I like the way that you tell it like it is (kind of a Gov. Palin approach). Last night you had a caller that stated that he had a plan to end the foreclosure problem and you encouraged him to e-mail you. I am not that caller but, I too feel that I can make an impact on our nations current foreclosure problems.

   Let me start by stating that I have written (snail mail) to the governors of the six states with the highest foreclosures (California, Arizona, Nevada, Florida, Ohio, and Michigan). Only governor Crist of Florida answered my letter. Do these elected officials not care about the hurt that their constituents are going through? They give the topic good lip service but little to no action. If they are waiting for the federal government to come in as a white knight to their rescue they are “playing the fiddle as Rome burns”! Action should have been taken months if not years ago to solve this problem. It is still not too late to take action now since more foreclosure loom in the future.

   I was a loss mitigation officer in the early 1990’s in California. During this era President Clinton started cutting back on defense spending resulting in the loss of many jobs and economically a cause of major foreclosure problems. I saved my employer millions of dollars in potential losses being creative. I took loans that were 30 years and converted them to 40 year amortization. Variable interest rate loans were changed into fixed interest rate. Loans were modified skipping monthly payments. I even granted debt forgiveness on rare occasions. There is much that can be done (unfortunately it has to be done on a case by case basis), to help the borrower and keep the property from going into foreclose / a loss to both the bank and community .

   Realizing in year 2006 that we were going to experience a massive foreclosure problem across our nation, with the help of my wife, we wrote a training manual titled BanKnology – LOSS MITIGATION, copyrighted in January 2007 before the “bomb exploded” and the subprime problem was first brought to public attention. We have gone into great detail through case studies giving the trainee practical experience and the techniques, if employed correctly, that would return a bad loan into once again a performing asset.

   We have great credentials with our product being endorsed and offered by BankersOnline and the Independent Community Bankers Association (ICBA). But, this is not enough. We need to reach more people!

   We will be the first to admit that sometimes foreclosure is the only answer. However, not to try to mitigate a loss is unconscionable. How can we get the word out to stop these insane foreclosures that weaken our economy and hurt our citizens? Can you help us?

   Rich & Linda Bode

9. Catherine: great job on George Noury last nite. Watch for the announcement next wk of our venture with one of the big 3 auto makers!
   Let the peaceful economic revolution begin…

   The PICC (our catalytic converter) will be ready after the big national announcement coming Monday Sept. 15th. The HAFC (fuel cell) works now for hundreds of cars, but it’s too complicated. By the time we get mechanics to install and tune, the PICC will be ready. With the

10. Katherine,

    I believe I heard you say you came up with a plan to build community finances that would in turn correct the problems above. It was the fight that was waged against you that worries me most. We have a plan to assist our First Responders

    We are putting together an organization to fund the equipment needs and spiritual well being of Georgia’s First Responders. Any state sworn officer, firefighter, H.E.R.O., 911 operator or hospital employee would fit under our definition of First Responder as they are all trained positions. Equipment needs are the various devices that can save their lives while they are trying to save ours. Spiritual well being refers to when a catastrophic illness or death occurs under their own roof. We do not separate the family member from the First Responder, rather we see the under the same roof family as the total First Responder.

    Our project is First Responder’s Resource Organization. In listing to you I and coast on a irregular basis I wonder if we should not plan for the same type of attacks.
    If our project perks your interest ping me back and as soon as we complete the website which is scheduled to be uploaded for September 16, 2008, we will send you a link. We intend to file the corporation papers on September 11, 2008.

    Roger Gnann Founder
    FRRO

11. What a wonderful audience you’all are. Let em try to answer some of your questions as best I can.

    Jesse:

    Thanks for posting your link. I hope it helps connect St. Johns with some wonderful clients and you can really make a difference for them.

    Ed:

    If you look at all of our financial and economic problems they can theoretically be solved by ending the suppression of energy, health and other knowledge and technology. Which means that we have a political problem. So the key to getting technology to spread is to do it in a way that it can move virally, reducing risk and expenses as it moves at the grassroots.

    John G:

    Thanks so much for your kind words. I believe my posting the file would violate the Coast to Coast coypright. They market them to their subscribers.

    John L.:

    There are numerous contractual law issues involved in forcing lenders to renegotiate. That is why I would love to see the fraudulent inducement argument litigated. (See the recent Village Voice article by Amanda Stutt — a link is posted a this blog).

    Yes, it is a land grab. Unfortunately, it is one that millions of us have facilitated.

    Carter:

    Thanks!

    Victory 1:

    I wish I had better public sources on invisible weaponry, including electromagnetic weaponry. I would recommend you start by reviewing what is available at globalresearch.ca and http://www.earthpulse.com/. If you find any sources that you think are good, please do post them here.

    Charles:

    Take a look at the recent review on my blog called “Recommended” about Jim Norman’s new book, The Oil Card. He has some very interesting theories about the war in Iraq which I think make a lot of sense.

    Joe:

    I do not know if either candidate is familiar with my work. If they have any interest, it would be after the election, not before.

    Since I am on record since 1998 as saying that the US mortgage system, including Fannie and Freddie, are engaging in significant fraudulent inducement and systemic fraud, a Presidential campaign is likely to stay away.

    The mortgage bubble was bipartisan and the clean up is being engineered by the same folks that created the bubble (See Fannie and Freddie are Penny Stocks – Part II)

    During the campaign, a candidate is unlikely to want to rock the boat.

    Chris:

    Money is just a tool. How will we collaborate and share the governance and management of resources, including time?

    Seems to me that tools to do that with will be useful no matter what.

    Rick:

    Yup! That is the heart of the Tapeworm.

    Stephen:

    Thanks for positing your link. I will check it out.

    Mike:

    I mentioned fraudulent inducement, collateral fraud, and derivatives fraud. I would start by reading my latest article “Housing and Economic Recovery Act of 2008”. “Dillon, Read & Co. Inc and the Aristocracy of Profits” and “The Myth of the Rule of Law”.

    You can pick up all the links at the blog under “Fannie and Freddie are Penny Stocks – Part I.”

    Scott:

    Great idea!

    To what extent is the problem that they have to sell the entire pool, they can peal off one mortgage in some of the packages?

    Great comments and questions.

    Thanks so much for listening and caring. I can’t tell you how much I appreciate you.

    In “cahoots”

    Catherine

12. There is a simple way to increase the secondary market liquidity for residential mortgages. If a mortgage is going to be sold, offer the original borrower the opportunity (60 day right of first refusal) to match the proposed sales price. I was just reading about the new FASB rule for valuing mortgages as part of an acquisition and the article claims the going discount is 30%. (This is on Bloomberg and is related to WAMU).

    I have many WAMU originated mortgages (don’t know who currently owns them, however)…but if they are in WAMU’s portfolio, I would surely buy them back if offered a 20% discount!!! This mechanism would provide a new conduit for selling mortgage portfolios, benefit the original borrowers, while costing the seller nothing. And, it is as easy as including an insert in the borrower’s next monthly statement.

    Why give the discount to foreign countries, private equity firms, or hedge funds when the party benefiting from a discount could be the original homeowner/borrower????

    I came up with this idea when I got stuck as a FRE common shareholder who was betrayed by Paulson. I’m trying to tell Barney Frank and Chris Dodd that if the GSEs have to liquidate mortgage holdings, they be REQUIRED to make this right of first refusal available to the borrowers. Having a former Carlyle Group person heading FRE with his boss being GW Bush’s college dorm roommate leads me to believe transfer prices may be artificially depressed due to lessthanarm’slength transactions.

    Anyway. To break the gridlock that is leading to stupid valuations of performing loans, let us, the borrower/taxpayer, buy back our loans at a discount.

13. Hello my name is Mike, and I’m from California, really enjoyed listening to you on Tuesday night with George Noorey. You mentioned 4-5 types of fraud that lead us into the mess we are in. Please I would like to know what the names of those Frauds were again and how they worked?

    Mike

14. Dear Catherine,

    As a longtime listener of Coast To Coast Am (over 15 years ), I listened with great interest your segment with George Noory recently, and was moved to contact you.

    I have information that I believe would be helpful in the community grass roots efforts to restore our economy. Please accept a complimentary copy of my recently published book, Truth About Money ˆ The Worst Fraud/Scandal/Swindle/Crime in American History: The Federal Reserve Banking Act, by Frank Wallace and Stephen Clark.
    It presents information on how to enact serious monetary reform and should be arriving by US mail shortly at your Hickory Valley, TN address.

    In the book we point to draft legislation that is already written and ready for review ( at http://www.monetary.org ) and enactment that will place the Fed under the U.S. Treasury, ending the private cartel control (stranglehold) of our money and sovereign nation since 1914.

    The American Free Press in Washington DC has endorsed and advertised our book by purchasing 100 copies for their First Amendment Books Division.

    Please check our website http://www.truthaboutmoney.org for more information and contact information. Also, I wrote the lyrics for the homepage song though it is being performed by a musician friend.

    I hope you find the book useful in your noble quest. I greatly appreciate your efforts.

    Sincerely,

    Stephen Clark
    (228) 342-1798
    smclark7@bellsouth.net

    http://www.truthaboutmoney.org

15. Ever since the origin of the Federal Reserve in 1913, the currency’s value has deteriorated by 97%, and we had the worst economic crisis in our history in the 30s. This institution is the key element of financial control, and its origins are suspicious. As Mises said, to understand the nature of something, go back to its origin. Why should we be surprised that crisis are created to force through authoritarian control mechanisms by the globalist elite.

16. I heard what you had to say on Coast To Coast last night. What you may not understand is that it is the economic system itself, combined with greed and fear and what is inside every human being that projects out holographically into the world that creates the world the way it is. So what you are attempting to do will not work, because money itself must be gotten rid of to create a society where everyone is truly one and equal. Also, the Illuminati/Elite end up making the most money in the current economic system and enslave everyone else, because we have accepted and allowed it.

    You cannot have money if you want a world where everyone is one and equal. In the type of society I am talking about, everyone sees and takes into account the whole, all as one as equal, and all goods and services are free of charge, and everyone works for the good of all.

17. Catherine,

    I would be really interested to know ifr the two presidential candidates are familiar with your work and if not why not.

    It would seem to me that an honest politician would want to work with you to help right a sinking ship.

    Thanks

18. Greetings Catherine –

    Many thanks for an excellent, cogent explanation of the ongoing economic
    quagmire, or as you might refer to such as the “tapeworm” economy and
    its now very apparent artifacts.

    I did have one quick question for the moment –

    There has been much speculation that one of the real reasons for
    invading, oops, I meant “liberating” Iraq had nothing to do with WMDs,
    but was motivated by the fact that Saddam Hussein was shifting away
    from US dollars, and going toward the Euro instead. It was felt by
    our economic strategists that this would be a dangerous precedent, and
    when Hussein basically responded with a middle finger salute, THAT was
    the final straw that pushed the agenda to go in and put him out of
    business.

    Any thoughts you might wish to offer are greatly appreciated.

    As for your discussion last evening, when I think of the
    current megalithic highly centralized banking cartel, with of all
    those mortgage backed securities and derivative trades going on out
    there in the global markets, based on essentially nothing, it is truly
    chilling .

    In any case, your courage and devotion to the truth is inspiring, to
    say the least.

    all the best

19. Catherine,
    Thank you for an inspiring interview. I am compelled to learn more about your comments and I intend on spending a lot of time on your website educating myself. Two observations I’d like to make here:
    1. American people power as you mentioned relating to the Mexican trucks stopping at the border to transfer produce products compared to Mexican trucks being able to drive on American roads. Americans may have forgotten our “people-power” however, peanut butter was boycotted years ago which brought prices down. Butter was also boycotted about 12 years ago which brought prices down. Gas prices can fall if Americans will continue to curb travel and spend more quality family time together. And American ingenuity in creating electric cars and other energy products can start in community efforts. I’m checking into community ideas now.
    2. Your comments on invisible weapons and you mentioned in addition to others, magnets. I would be very interested to understand more about invisible weapons and how they are used and any area of research you could steer me to would be greatly appreciated.
    Thanks,
    MP with the Victory1 Project

20. Catherine,
    Your presentation on coast to coast last night has inspired me to learn more about the financial world. Everytime I listen to you I feel very enlightened as to what is really happening out there. My degree is in finance but Im sorry to say that I didn’t go further with it and possibly have put myself in a position to make a difference as you are. I hope your audience grows to the point that our politicians have no choice but to act in a financially responsible way for the vast majority of us “outsiders”.

21. Dear Catherine,

    I caught your show last night with George Noory, and wanted to mention a view I’d been hatching for years on the home loan front.

    In your average mortgage or trust deed, the lender has rights which are more flexible than some appreciate, not obligations. Alienation is defined in the average TD and remedies are provided, but they do not need to be exercised, as one example. When customers get in over their heads for whatever reason, lenders have a series of remedies they can work out in managing default, but there is one implied within the relationship and not really enumerated: you know where I’m headed with this. A lender’s note and monthly house payment is comprised of a principal and a ton of interest, and if these distressed properties are in their early years of their ownership, the interest is higher than later years. This makes this proposal most responsive and workable. In a word, they can do this.

    Why can’t Congress or President by Executive Order (an emergency order) compel lenders to reduce their interest rates in a moratorium for the next five years? .. or permanently. If Joe Blow’s house payment is $2100 and his principal is $722 and his interest is the rest, why can’t a lender be compelled to reduce the rate to save the portfolio at large?

    The alternative is, of course, intervention by bail-out and this is only passed on to the consumer and heads do not roll. This way, heads roll (sort of) in that the lenders have to live with the consequences of their nonsense and will make a great case-study of fraud and remedy.

    The public will be most appreciative because they can keep their properties in a better adjusted budget and still pay down their principals. If they could save $1200 monthly and still pay principal in full, lenders will be more honest (?) next time as this remedy is now precedent. A sort of Martial Law for predatory lenders. Five years ought to do it. After four, it can be made permanent. Nobody should profit from crime.

    Some who could not reconcile this due to a drop in the property values can still find this the best equitable solution because it keeps the debt current and makes the Paragraph 19 of the trust deed immaterial. [alienation of interest due to the security being less than the debt.] It can be made irrelevant as it might be wiser to lower the rates and to recast all such loans than to make America feel so powerless. It would be a political coup.

    This whole scandal is crafted to be a land grab in, as you said, invisible weaponry and warfare. As with most warfare, there is looting, and this is theirs. Someone could ram this down their throats for America.

    John Longenecker, Publisher
    CONTRAST MEDIA PRESS.com

22. The Coast-to-Coast AM segment was electrifying. We all appreciate the clear delivery, jargon-free…

    I had to stop what I was doing and just sit while you talked, that doesn’t happen often.

    There is massive coordinated fraud and theft, you are correct. The “financialization” of our economy, the transfer of jobs overseas, overextended debt and the resulting credit problem are all intimately related: The hollowing-out of America, and it’s almost completely done.

    We need to act fast.

    It would be great if you could post the show in MP3 format so more people could hear it.

23. Dear Catherine: I was driving home last night when I heard part of your radio interview. I felt it was worth mentioning two new technologies that can help save America. A Dr. of Physics(as a young genius of 16 ,worked on the Manhattan Project) and his Oxford Dr. of Physics partner have developed a clean hydrogen nano state gasoline replacement. This Tech. resolves all the fuel problems of clean hydrogen. It can be est. to be produced at 76 cents/gallon.
    A second technology, coming from the mid-west,is a complete organic advancement that can replace all inorganic fertilizers. It will save the American farmer, particularly the small farmer..has many additional benefits(clean water etc.) The business plan has just been completed.
    If you know of the right people /investors to bring these technologies to, I’m sure they would be grateful and make you part of this endeavor. An arrangement can be made to interview the scientist involved. That is a pleasure in itself. I hope you take this e-mail in earnest. Sincerely, Ed Horsley 631-286-8402

24. You can contact my brother James (IM Guru) at 740-994-0373 or james@stjohnproductions.com

25. Hi Catherine, I really enjoyed listening to what you had to say on C2C with George Noory. I am filling my mind with as much education in this investors field as my life allows. I feel it is very important to understand how this game works just like an insider. This way I will be protecting my assets and see a hurricane coming and know when to get out of the way. I would like to hear more of you on C2C. Thanks for explaining what you know to those of us who are still learning.

    P.S. If you or someone you know needs Internet Marketing performed on their website, please let my brother and I know. http://www.stjohnproductions.com is #1 in Google for [Internet Marketing Specialists]. We are looking for some additional clients right now. Thanks for any help you can bring to us from your world! Bye.

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