Category Archives: Debt

NO ENDORSEMENT, NO NEGOTIATION–NO NEGOTIATION, NO SECURITIZATION

Posted on June 20, 2014 by eggsistense

Incredible story making the rounds the last few days about a rather high percentage of unendorsed notes being offered by the Bank of New York in foreclosure/bankruptcy cases. As high as 79%. That’s more than three quarters of the notes … Continue reading →

Posted in Bank of America, Debt, Everything Is Rigged, Fannie Mae, fiat currency, Foreclosure, Foreclosure fraud, Living Lies, MERS, QE unlimited, Redistribution, Securitization Fail, Wells Fargo | Tagged Abigail Field, bailout, Bank of America, Bank of New York, Countrywide, endorsement, Kemp v. Countrywide, Laurie Meder, Linda DeMartini, Linda Tirelli, Michele Sjolander, motion in limine, QE, robo-stamped, ta-da endorsement, THe Housing Justice Foundation, Wells Fargo | 5 Comments

NO, IT’S NOT YOUR IMAGINATION: YOUR REAL WAGES ARE GOING DOWN

Posted on June 17, 2014 by eggsistense

You know that cold dread that drops into the pit of your stomach when you check your balance and see that you’re down to your last few dollars and payday is still a week away? Too much month at the … Continue reading →

Posted in Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financial Terrorism, Paper terrorism, Price, Price-fixing, Redistribution, stock market, Wage slavery, Wages | Tagged bailout, BLS, Bureau of Labor Statistics, debt slavery, Everything Is Rigged, fascism, Federal Reserve, fiat currency, fraud, Goodwill, inflation, Jif, joe2, nominal wages, Prison Planet, real wages, S&P 500, StockCharts.com, Zero Hedge | 1 Comment

PART 2: WHAT “RECOVERY”? WHO CAN AFFORD ANYTHING?

Posted on June 5, 2014 by eggsistense

Who can afford anything? Not many people, it seems. As noted in yesterday’s post, half of America cannot afford the house they are “buying,” while at the same time rents are skyrocketing, with the number of people who pay half … Continue reading →

Posted in "supply and demand", class war, Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financial Terrorism, Financialization, Paper terrorism, Price, Price-fixing, QE unlimited, Redistribution, Reverse socialism, Too big to fail, Wage slavery, Wages, Wealth transfer | Tagged bailout, BLS, debt slavery, Everything Is Rigged, Federal Reserve, fiat currency, foodstuffs, inflation, promissory note, QE, The Economist, wage slavery, Zero Hedge | 2 Comments

INSTEAD OF BANNING CASH, GO TO SELF-ISSUED CURRENCY

Posted on May 30, 2014 by eggsistense

Apparently Kenneth Rogoff doesn’t think the banks and their kept governments have enough ways to screw us all over, so he is proposing a ban on cash: “Has the time come to consider phasing out anonymous paper currency, starting with … Continue reading →

Posted in Asset Bubble, Conspiracy, Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Financialization, Nixon Shock, QE unlimited, self-issued currency, Wages, Wealth transfer | Tagged Bank of England, cash, cashless society, debt, debt slavery, endogenous money, Federal Reserve, Financial Times, Harvard, inflation, Kenneth Rogoff, money is fictional, pre-existing money, promissory note, reserves, self-issued currency | 2 Comments

BANK OF AMERICA’S $4 BILLION “ACCOUNTING ERROR”

Posted on May 6, 2014 by eggsistense

Saw the story of Bank of America’s “accounting error” a few days ago and muttered something to myself about how they’ll just get away with this accounting fraud just like they’re getting away with the foreclosure fraud. After all, it’s … Continue reading →

Posted in Bank of America, Debt, Everything Is Rigged, Federal Reserve, Foreclosure fraud | Tagged accounting error, accounting fraud, Bank of America, Charles Foti, foreclosure fraud, MBS, mortgage-backed securities | Leave a comment

NOT NEGATIVE, JUST TRUE: “EXPENSES SOAR, WAGES STALL”

Posted on May 5, 2014 by eggsistense

A few days ago, the website of The Washington Post ran a story with this headline–“Happy Days No More: Middle-class families squeezed as expenses soar, wages stall.” No shit, Sherlock. The article tells us the following: “Wages for millions of … Continue reading →

Posted in Asset Bubble, class war, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financialization, Nixon Shock, self-issued currency, stock market, Wage slavery, Wages, Wealth transfer | Tagged 000 Years, 1971, 1987, Bank of England, Black Monday, Charles Hugh Smith, David Graeber, debt, Debt: The First 5, financialization, Happy Days, inflation, median household income, middle class, Nixon Shock, Of Two Minds, Ronald Reagan, S&L Crisis, self-issued currency, The Air Standard, Washington Post | Leave a comment

BE AN OUTLAW: THE ANNOTATED LYRICS

Posted on April 30, 2014 by eggsistense

So I wrote a new song inspired by current events. My wife says it sounds like The Monkees–OK, I can live with that. I was going for a Clash-meets-Archies type sound (check the tambourine and oohs and ahs), for what … Continue reading →

Posted in civil rights, class war, Conspiracy, Debt, Debt Slavery, Domestic Spying, Edward Snowden, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financial Terrorism, Foreclosure fraud, Keiser Report, NSA, Police State, QE unlimited, Rent-seeking, Reverse socialism, Securitization Fail, Surveillance | Tagged Be An Outlaw, camping, Dianne Feinstein, foreclosure fraud, gun control, homeless, legalize freedom, living in your car, NSA, ordinance, park, prison, sleeping on the street, Sound Cloud, The Archies, The Clash, The Four Horsemen, The Monkees | Leave a comment

DEBT BY DESIGN: “IT’S IMPOSSIBLE TO WORK YOUR WAY THROUGH COLLEGE NOW…”

Posted on April 21, 2014 by eggsistense

And that’s the point of all these bubbles, and QE, and ZIRP, and inflation– it forces you to finance what you could once buy outright through working. This is the true end game of the “Nixon Shock,” petrodollar, credit bubbles, etc. … Continue reading →

Posted in "supply and demand", Debt, Debt Slavery, fiat currency, Financial Terrorism, petrodollar, Redistribution, Rent-seeking, Rentier, Wages, Wealth transfer | Tagged 1971, bubble, college, financialization, Michigan State, minimum wage, Nixon Shock, rent-seeking, student loans, work | Leave a comment

MERS: DYING A SLOW, PAINFUL DEATH?

Posted on April 18, 2014 by eggsistense

In a bombshell story about Ginnie Mae and Bank of America–which is a big deal unto itself–Yves Smith brings in the following about MERS (Mortgage Electronic Registration Systems), which is the cornerstone of the securitization fail (Smith quotes Bloomberg): “As … Continue reading →

Posted in Asset Bubble, Bank of America, Debt, Debt Slavery, Everything Is Rigged, Fannie Mae, Foreclosure fraud, Securitization Fail | Tagged Abigail Field, Bank of America, Bloomberg, Fannie Mae, Kemp v. Countrywide, Linda DeMartini, MERS, Naked Capitalism, securitization fail, William Hultman | 5 Comments

THE SOLUTION: SINCE THE MONEY ISN’T REAL, THE DEBT ISN’T EITHER

Posted on April 16, 2014 by eggsistense

Very interesting commentary from David Graeber (Occupy movement leader and author of “Debt: The First 5,000 Years“) on the Bank of England’s recent admission that money is created out of thin air. Graeber sounds as excited as me in describing … Continue reading →

Posted in Conspiracy, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Foreclosure fraud, Wage slavery, Wealth transfer | Tagged 000 Years, Bank of England, banks, David Graeber, debt, Debt: The First 5, deposits. financial crisis, foreclosure fraud, money, Occupy, Occupy Wall Street | 34 Comments