The game plan is pretty clear. If you go to this Portuguese website you see that the VAT tax is at an all time high. The VAT tax is an IMF tax. It is a hidden tax. While the IMF wants VAT taxes, it wants austerity, using it’s Enforcers, S & P, Moodys and Fitch to do the dirty work. Taxation throughout the world will be hidden like VAT, and will creep up on main street, like the middle tax cut ending in January 2012, and like the tolls that will increase throughout the world, all to protect the fortunes of the Uber Rich and to raise taxes without looking like you are raising taxes.
Then the IMF wants to blow another housing bubble and collect more money for the bankers that way. And all the while the IMF chastises the banks for irresponsible lending, on it’s website.
Well, I don’t buy it. One gets the idea that the IMF wants austerity to protect bond investors. But I think the IMF wants austerity to destroy our stock market and increase world debt as mentioned at Davos this year. In fact, from this deflationary position, as I have argued before, the IMF is able to establish securitization guaranteed by government. If the IMF were concerned about government’s getting out of debt, then why would the organisation insist on a future guarantee of all loans, including odious easy money loans that can only destroy the balance sheet of government? This is a replacement of debt to help main street with a debt to help banks once the next ponzi fails.
Why do Fannie and Freddie now own 1/2 of distressed homes? Most of those loans were not originally guaranteed by Fannie and Freddie! Fannie and Freddie took on a lot of loans that were not guaranteed. A lot of the theft by the banks that is still going on has to do with these loans that were not guaranteed, as the private mbs assault juiced the housing bubble to dangerous heights.
You cannot trust the IMF/BIS/Ratings Agency alliance. It is an unholy alliance and it is more about carving out a place for government to cover the bad bets of banks with certain guarantees. And it does not matter if Fannie or Freddie exist or not, the guarantees will be absolute. All of the following seek guarantees for most of the loans made in real estate or they want the 30 year fixed mortgage, that never blew a single bubble, to go away. To me this is just a smokescreen to revive easy money securitization because the banks want the crack high of securitization. This isn’t really about the 30 year fixed! They can’t make big money with a 30 year fixed! The list of IMF co-conspirators is large:
1. Jamie Dimon
2. Wells Fargo
3. Realtors [While the article accurately speaks of private mbs lending, the threat to the 30 year mortgage is made in this article.]
5. Paul Ryan
6. Eric Cantor
8. Anyone else who hates Dodd-Frank
9. Anyone who can circumvent Dodd-Frank while pretending the law is in force.
It is really sickening how our government refuses to protect us from odious loans. I believe that the US should pay debts to creditors, such as the Chinese, the Japanese, US citizens and the Russians. I don’t think that the US is obligated to pay for easy money mistakes. It is an odious debt upon the nation. The next housing bubble attack on main street will likely occur before 2020. That, along with more fees as taxes, will allow more money to funnel to the Uber Rich while the burden of taxation will increase to those very people being offered the toxic easy money loans!
The wealthy want toll roads here just like in Portugal. The G20 allowed the United States and first world countries to be controlled by the IMF and it is for the purpose of raping main street again and again.We are now no different than the emerging countries that have been raped by these parasites. We need to know that right and left commentors have concerns about this new power play threat to the developed nations.
We are, people, in a war that is being waged against us by an enemy we did not choose nor do we wish to fight. But we can’t lay down either. We need to shame the IMF and these bankers and make that shame stick like a scarlet letter.
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