“MERS Is Dead”

By L. Randall Wray, Professor of Economics and Research Director of the Center for Full Employment and Price Stability, University of Missouri–Kansas City United States Bankruptcy Judge Robert Grossman has ruled that MERS’s business practices are unlawful. He explicitly acknowledged that this ruling sets a precedent that has far-reaching implications for half of the mortgages in …

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Stepped Payments — The Most Useful Tool You’ve Never Heard Of

by Bill Broadbent, S.E.C. – CCIM If you are a note broker, note investor, real estate investor and/or real estate broker and you’re not using stepped payments, you’re missing out on one of the most useful tools in the mortgage marketplace. Hardly anyone knows about this — which puts you light-years ahead of your competition. …

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House votes to overturn Supreme Court decision on eminent domain

The House on Tuesday afternoon approved legislation that overturns a 2005 Supreme Court decision that affirmed the ability of states to take control of private property under the doctrine of eminent domain and hand it to another private developer. That decision, Kelo v. City of New London, led to sharp complaints in particular from Republicans, who …

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The Real Economic Picture

 by Paul Craig Roberts, Assistant Secretary of the Treasury for Economic Policy under President Reagan and formerly associate editor of the Wall Street Journal.  If you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williams shadowstats.com. John Williams is the best and utterly truthful …

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New Word To Describe The US Government

Ineptocracy (in-ep-toc’-ra-cy) – a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

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