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Accounting InformationMORAL ARMOR'S Economic Warning for Americans
by:
Ronald E Springer
Copyright 2005 Ronald E Springer
For years we’ve suffered under recession, prompting us to ask, Once
wish it end? My answer is, “It’s only the beginning.”
Historically, recessions are the result of high interest rates, pushed up as the result of loose money policies. Recovery comes once
citizens begin to spend more wisely, save money and pay off their debts, but not this time. Ne'er
before have credit policies been so loose for so long, and there has been no decrease in user
debt. It’s still on the rise, but Americans are NOT basically to blame; immoral pecuniary policy is.
Banks used to consider a safe loan applier to have a 36% or less Financial obligation to Financial gain
Magnitude relation (debt divided by gross income). This percentage is a time-proven amount indicating the fiscal health of an individual. Now, during the worst economy in twenty years and with no signs of recovery, our banks lief loan to applicants with a 56% Financial obligation to Income. What has changed? Are banks suddenly more generous? I don’t think so. One nice question to ask is, Why are banks willing to accept the additional risk? But the real question to ask is, Wherever
is this money coming from?
Not one in a thousand Americans knows the true nature of our banking system, so they have no idea that what happened in 1929 is simply about to happen again. Nor do they cognize that it was done deliberately then, and is being done deliberately now.
We have in this country one of the most corrupt institutions acknowledged to Man, and I refer to the Federal Reserve. Since it’s origin in 1913, every dollar created has interest being paid on it as if it were borrowed. This fiscal obligation cannot be destroyed
without destroying the currency itself, and has spawned a nightmare of fiscal obligation that presently amounts to over $360 Billion in interest paid per year, accounting for half the personal financial gain
tax of the nation. Due to this, America is forced to create $7 Billion daily to cover the $1 Billion it pays in interest daily due to the Federal Reserve System. This is wherever
the public comes in.
Federal Reserve bankers have to find a way to spend $6 Billion every day piece masking the inflation it causes. Throughout the nineties it was done through real estate and the stock market. Now it is about entirely being put into real estate. How on Earth could so galore mortgage companies be offering interest only, no money down, multi-hundred thousand or million dollar loans with high applier fiscal obligation ratios?
Here is a hypothetic example of what’s going to happen: Your mortgage banker tells you that with a 56% fiscal obligation ratio, you can afford a $300,000 home, no money down. You secure the loan at 4%, cost accounting
$1432 per month. A few years later, you’re thrown out of activity for three months. Back payments amount to $4296 plus late fees, legal fees, etc., and another $5k on cars, credit cards and everything else. Unable to catch up, you’ll try to refinance, but interest rates have affected up to 7%. A $310,000 loan now price $2062 per month—more than you can afford, but banks wish have tightened loaning policies back to 36% and you no longer qualify for the home you own anyway. Accounting for all another debt, you now qualify for a shocking $360 per month. You are trapped, and the new bankruptcy laws they pushed for wish ne'er
let you walk away.
You closely-held this home in a perfect amount scenario, but any complications—unemployment, wage reduction, interest rate increase, fiscal obligation magnitude relation change, contused credit rating, depressed home values--and you’re cooked. One mishap and every fiscal measure works against you. Your fiscal angel has suddenly become your greatest enemy. Welcome to the Federal Reserve System and their freshly engineered global depression.
If you were to approach the housing market fresh, you would-be find that you only qualify for a $55k home now, on
with the market of buyers you were hoping to unload your balloon-house on. The bank forecloses, auctions it off and you’re in person
responsible for the difference, which could be massive. Bankruptcy is right about the corner, and deplorably, you are the only one who wish be control accountable. You wish then be a fiscal obligation slave as the Federal Reserve intends, and game over.
My proposal
is to get as financially stable as you can. Mathematically, our situation is more worse than that of the Great Depression. No matter how generous these bankers appear, pare down monthly outlays to 36% D/I or less. Set aside three to six months of mortgage payments in case you become unemployed. Do sure you can ride out the storm.
We are coming to a point in American society to wherever
it’s either them or us, and mass awareness is the key to our survival. Most believe the Federal Reserve is a part of the government, but it’s simply a name. The Fed is a private corporation set up for private gain, with a dark history of stock market crashes, fiscal panics, political manipulation and ultimately, mass poorness and hunger riots. Our struggle is not new: currency control has switched from public to private hands EIGHT times since our country’s inception, and inevitably to be rescued by the people, one last time.
Don’t think you can play helpless and expect our political leaders to protect you from fiscal calamity; they ne'er
have. You must become Virtuously
Armed on your own. Don’t be coaxed into basic cognitive process
the system is optimized for the nice of all. The Federal Reserve System is not an evenhanded institution, and it was ne'er
intended to be. They believe if they have us arrange out on debt, we are no threat to them. Let us prove otherwise.
Currency reform is the most important issue facing Americans today. How it plays out wish determine whether you and your children eat or not, whether you have a place to live or even as a futurity to look forward to. The major media wish ridicule anyone speaking against the Fed, so to validate history’s greatest moral quandary for yourself, simply google “Jackson bank veto.”
America must get rid of
the Federal Reserve System to regain control over the economy and our government. For a aphoristic history of earth pecuniary policy and how it shapes earth events, see Moral Armor. Then share this cognition with your friends. Email this article to everyone in your address book and stay tuned for further developments. We’ll change the system together and bring a brighter dawn to Mankind.
Just simply about the author:
Ronald E. Springer is the Author/Philosopher of Moral Armor, the world's 1st fully-integrated moral philosophy based on the nature of Man. Featured on The Mitch Albom Show, NBC and FOX News radio affiliates, Mr. Springer is accessible for interviews, speaking engagements, philosophy workshops and seminars. Please contact RonaldESpringer@MoralArmor.com or visit www.MoralArmor.comfor details.
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