Banks Need To Stay Out of Real Estate
How can banksters play games with people's lives?
The banksters "lend" money for a person to buy a farm, and then wait for a bad year, and get the farm back, and then repeat. The only way you got out of the mortgages was through death (mortgage = death note, or you will pay until you die) Thus, the term, "He bought the farm".
The banksters, by hook and by crook have made houses, farms, commercial real estate, all of it, more expensive. Basically, when you can borrow money from a bank, you can offer more money for a place. And, other people do as well, ratcheting up the price higher and higher.
So, the banksters moved beyond their give it out, take it back scheme. Now, they were making money by raising the prices. And then came fractional reserve banking, and the banksters could make money, the entire purchase price of the house, with every mortgage. (this on top of the scheme that would return many homes back to the bank.
Banksters never play fair
Ever wonder how the banks get away with telling the customers that they have 90 days to work out any errors the bank might have done (and you have to PROVE it) but the banks can notice things years down the road, and then, before even consulting/notifying you, take the money from your account? This is totally, and completely unfair, but "the law" falls on the side of the corporation being more knowledgeable and less likely to make an error. Even if the bank has been known to swindle their customers.
All the contracts are created in dollar terms. You might think this is fair. You borrowed money, and they expect to be paid back in money. However, you, trade your time/work/effort for money, and they just print it out of thin air. Money does not mean the same thing to each party.
The mortgage/loan is so lopsided, that one person sued the bank, stating that they offered nothing in the contract, so therefor the contract was invalid. The bank never put any of their money into the deal. And when you have a contract, both parties have to contribute something (it cannot be a gift). The court case was found in favor of the homeowner, which actually became a homeowner and the mortgage was determined invalid.
I specifically pointed out "homeowner" because under today's mortgage contracts, you are the "tenant". No where within, are you the homeowner. Even after you pay the mortgage off.
The banksters do not play fair
Banks should stay out of Real Estate
It is not bad enough that banksters are playing games with the money, but did you know they are also the ones behind making houses scarce? Both by "encouraging" municipalities to enact minimum house sizes, and making cost adding construction standards.
The banksters also decide which housing projects get built and when. You don't think that the banksters aren't playing favorites when they decide which tract builder gets loans? While also making people who want to build their own homes jump through soooo many hoops, and paying through the nose for "construction loans".
Most people believe that this is just the way it is, but it is not, it was made this way.
The Amish put up a new house for a new family in almost no time. And when it is finished being built, it is all paid for.
Loan Contracts, if they were actually fair.
A contract between two people is fair when done in dollars. The baker and the candlestick maker have the same problem of turning their wares into a medium of exchange. The banks make money, while the person paying the loan has to turn whatever they do into dollars. How is that fair? (or of equal consideration?)
(And the banksters don't have to play the game of getting deposits to balance out the loans made anymore)
Under the loan/mortgage, the lender takes on almost no risk, while the borrower takes on huge risk, from all angles, including acts of God. The banksters make sure that they will get paid, or have collateral to minimize their losses. And, what are they really risking? Money they printed out of thin air. Lets say it was a farmer who got the mortgage, this person takes on the risks of, bad weather/bad harvest, bumper crop making all the food prices drop. Seed prices/feed prices dramatically rising. Diseases the destroy crops/cattle. Bandits, wildfires, hail storms… all of these the farmer has to deal with, and the banksters do not care, just give us "our" money.
Then this farmer, who is a professional at growing crops, has to turn into a salesman, and turn his crops into money.
Further, the farmer has to be wary of banksters coming and selling him vaporware. Specifically the banksters went around selling loans to buy tractors which would make the farmer able to create more grain… which ended up with a lot of grain that couldn't be sold, because many tractors, made a lot more. So, no one had the money to pay the loan, and the banksters got the farms.
If we wanted to make the loans fair, the bankster should be paid in kind. Like bushels of wheat. The banksters should also be in the same pot as the farmer, if bad things happen. But, they are not. They have foisted all the risk onto the borrowers, and are able to do this because they have made themselves the only source of money.
The bankster are evil through and through.
Ford said …revolution by tomorrow morning.
However, things have gone on so long and gotten so bad, that when the public finally realizes how bad the banksters have been, there won't be a bankster to be found err the morrow comes.
Their are prophesies of jevvs fleeing America. The banksters will be that hated.
People will follow them to the ends of the earth and dig up their bunkers.