also, a quick note: he tries to refute that the Fed is privately owned by saying the the Board of Directors website ends in .guv; 1.) Ellen Brown never claimed the Board of Directors isn't federally appointed; 2.) he says nothing about the fact that the regional fed banks issue stock that are owned by private banks. I guess this fact is inconvenient to his world view.
anyone going to the below so-called complete debunking of Ellen Brown/Web of Debt should now that Gary North is an ideologue; specifically, a Christian Reconstructionist who basically believes the U.S. should be run by theocracy and our legal system should be based on the Torah; and if one wants to gauge the accuracy of his analysis he advised people to invest in bunkers and during Y2K.
If you want to see a complete debunking of Ellen Brown and Web of Debt google "Ellen Brown's Web of Debt Is an Anti-Gold Currency, Pro-Fiat Money, Greenback, Keynesian Tract. Here, I Take It Apart, Error by Error"
Just a quick question/comment about something that was said in this segment... "Anyone who walked in the door could get a mortgage..."
Were unqualified people flooding the banks with mortgage requests, or were banks actively seeking out new customers who might not have otherwise "walked into the door" of a bank?
While I think it's possible that you might have some people who would trick out the system, I have a hard time believing that the majority did. ??
I can't say that I "know" the answer, but my guess is that there was a demand for these mortgages, not from would-be home owners, but from investors who bought these mortgages from the banks.
So the banks made these incredibly easy-to-obtain mortgages and publicized them heavily to people who couldn't necessarily afford them.
I don't think that these people "tricked" the system, because they never understood it. They WERE tricked.
also, a quick note: he tries to refute that the Fed is privately owned by saying the the Board of Directors website ends in .guv; 1.) Ellen Brown never claimed the Board of Directors isn't federally appointed; 2.) he says nothing about the fact that the regional fed banks issue stock that are owned by private banks. I guess this fact is inconvenient to his world view.
bradygate 2 months ago
anyone going to the below so-called complete debunking of Ellen Brown/Web of Debt should now that Gary North is an ideologue; specifically, a Christian Reconstructionist who basically believes the U.S. should be run by theocracy and our legal system should be based on the Torah; and if one wants to gauge the accuracy of his analysis he advised people to invest in bunkers and during Y2K.
bradygate 2 months ago
If you want to see a complete debunking of Ellen Brown and Web of Debt google "Ellen Brown's Web of Debt Is an Anti-Gold Currency, Pro-Fiat Money, Greenback, Keynesian Tract. Here, I Take It Apart, Error by Error"
jackson32 1 year ago
Just a quick question/comment about something that was said in this segment... "Anyone who walked in the door could get a mortgage..."
Were unqualified people flooding the banks with mortgage requests, or were banks actively seeking out new customers who might not have otherwise "walked into the door" of a bank?
While I think it's possible that you might have some people who would trick out the system, I have a hard time believing that the majority did. ??
sylviarogier 1 year ago
@sylviarogier
I can't say that I "know" the answer, but my guess is that there was a demand for these mortgages, not from would-be home owners, but from investors who bought these mortgages from the banks.
So the banks made these incredibly easy-to-obtain mortgages and publicized them heavily to people who couldn't necessarily afford them.
I don't think that these people "tricked" the system, because they never understood it. They WERE tricked.
seban678 1 year ago
Webster Tarpley all the way. No need for debt money, gold or silver!!!
iglwy 1 year ago
@iglwy
The interest and a private bank issuing currency really are the biggest problems.
StopTheRobbery2 1 year ago