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| Joined: | Mon Nov 21st, 2005 |
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"Asset securitization is the structured process whereby interests in loans and other receivables are packaged, underwritten, and sold in the form of "asset-backed" securities."
'In the day', when someone bought a house, a bank usually supplied the loan and held the mortgage. After World War Two, demand outpaced supply and investment banking hit on the plan of developing mortgage pools. This was a way to spread risk over a range of securities and seemed like a good idea at the time.
As I read the above article it is my intention to comment on what I read as I read it.
When a flow of wealth (read: Purchasin Power) flows continuously for some period of time, then, that flow of wealth can be perceived as Value (read: capital).
Value (capital) can be sold. Value (capital) can be borrowed. Value, like life itself, is valuable.
The flow of weath (Purchasing Power) can become value itself; like a stream is valuable because water is flowing in the stream. The water (capital) is valuable and therefore the stream (flow of wealth) is valuable.
The water is sold and borrowed. The water is life sustaining.
The stream is merely the conduit containing the flow of water. The stream can be sold. The stream can be borrowed. The stream is only as valauble as the water flowing in the stream.
When 'loans' are sold and borrowed the exchange is only as valuable as the 'interest' flowin in the steam.
That 'interest' is negative when the rate of inflation is greater than the rate of interest.
When the rate of inflation is greater than the rate of interest, then, it is like selling a stream where the water is sucked out of your house, out of your farm, and out of your life, going backwards from you to someone else 'up-stream'.
These confusions are all products of a false currency system designed to be false on purpose. The purpose is designed into the currency. The purpose is to suck the life out of honest people working toward a prosperous future for posterity (children).
It works.
It IS the stupid currency - STUPID!
I'm going to read the rest of the article now. This guy obviously has a handle on the situation. I'm interested in finding out how his angle of view (puzzle piece) adds to The Big Picture.
For some. One of the Gordon Gecko-like Wall St. heroes sucked $1.6 billion out of this Ponzi scheme as his reward.
That tells me: Things are going along as planned. This is not news. The design of the Interest/Profit/Wage paying system has a purpose. The purpose can be known with a very simple inspection (follow the money) as wealth (purchasing power) flows from the many to the few. The stream points somewhere. The stream points to a possible puzzle piece exposing the design and the designers of the System.
In order to help the reader see what is being illuminated it may help to describe another possible System and then the reader can contrast the complexity of the current system (the one we life under now) against some measurable standard.
This effort to contrast what exists now with something (anything) is much like trying to find a black dot in a room without light. You can't find the black dot in the room without light because the black dot is hidden in the darkness.
A source of light (light bulb) in a dark room can be easy to find because of contrast.
Another example is an effort to find a drop of water in a pond or find a musical note in a symphony. The drop of water is easy to see when the drop of water is dropped into your eye. The musical note is easy to hear when the one musical note invades perfect silence.
Consider what our System would be if tomorrow morning you woke up with a few more choices. Before I describe the few additional choices to you it may help if you think. Think about how these few extra choices do not complicate things, rather, these few extra choices CONTRAST drastically against the background of all your present choices.
Think also about possbilities. Think about reason. Ask; why are these choices not available. If you can come up with a legitimate reason explaining why, then, I am inclined to wonder why you do not respond.
Why is a very good qeustion to answer. Why is motive. Why is 'interest'. Why would anyone have an interest in creating and maintaining the current System, when, the current System is seen in contrast with a perfectly equitable, reasonable, doable, possible, and mutually beneficial SYSTEM that can compete along side the currenty system and in direct competition with the currenty system without any fraud or force incorporated into the contrasting SYSTEM.
Again - you can see the currenty system all around you. The current system exists and the current system is reality. The current system defies accountability. The current system is complicated. The current system is confusing. The current system is a symphony of noise invading a fait memory of perfect silence.
What I will describe is perfect silence compared to the current system of noise. Once you see this description you may become stupified by its simplicity. This effect, if it occurs, merely measures the POWER of the current system and its ability to infect human perception with confusion, complexity, and stupification. What I will describe is complex compared to silence. I will describe something that does require thought and reason to perceive it as reality. It is only by contrast with the current stupification of reason and careful thought that what I am going to describe becomes obvously reasonable and thoughtful; caring and hopeful.
Accurate accounting is, in fact, boring, unexciting, matter of fact, and can cause sleepiness. If what I describe appears to be exiting, new, and unusual, then, and again, this effect merely measures the POWER OF FALSEHOOD currently invading your brain.
My assumption, of course, is that a reader has read this far.
Onward:
Tomorrow morning the new system begins to work. The new system works for any single person or any number of people working together in the new system.
Here is how it works.
People who produce more than they consume get to invest their extra production as they alone see fit.
That above is the simple viewpoint of the white background exposing the black blight currently infecting human existence.
Allow me to expose one possible way that tomorrow can progress in that direction illuminated above.
Suppose one person produces a new product which causes the user of the product a measurable benefit where the product reduces costs and increases production.
That one person has something for sale to anyone. The thing for sale reduces costs and increases production for anyone who can afford that thing produced by that one person.
The decrease in cost and the increase in production afforded by this new thing is both large, great, and measurably less expensive (reduces cost) as this new thing is, in fact, measurably efficent at gaining production rates.
The new thing, for anyone, affords much more BANG for much less BUCK.
The ratio of more BANK for less BUCK is so enormous, in fact, that no one on the planet earth can afford not to get this new thing. Everyone aquiring this new thing will expend much less BUCK for much more BANG than anyone failing to aquire this new thing.
Are you at all curious at this point?
Are you skeptical? Have you automatically sent me into the dungeon of stupidity and have you already sentenced me to death for my crime of ignorance?
No interest home mortage loans.
Did that fly over your head?
I can elaborate on this fact. It is a fact. You can ignore this fact. You can go on believing in your DOOMS DAY PARADE for as long as it takes to make that fantasy into a reality.
What is the point?
Last edited on Thu Aug 16th, 2007 03:09 pm by Joe Kelley