The Federal government slaps some ink on pieces of paper and calls them Treasury Bonds or Notes. On behalf of the government, authorized security dealers sell these US Treasury Bonds (i.e., IOUs) on the Open Market Committee.

Next, the Federal Reserve takes all the government bonds which the public does not buy, and writes a check to the Congress in exchange for them. There is "no money" to back up this check.

Moreover, by calling these bonds "reserves," the Fed then uses them as the base for creating nine additional dollars for every dollar created for the bonds themselves.

Now, the money created for the bonds is spent by the government--whereas, the money created on top of those bonds is the source of virtually all bank loans made to the nation's businesses and individuals.

So, when you takeout a home loan and the bank debits your account, they are merely pretending to lend you money--leaving you two questions:

First, how can Federal banks or lenders justify charging anyone $270,000 to $305,000 for a $110,000 home?

Second, how much interest income are bankers entitled to on money they have neither saved nor earned--but, in fact, through economic chicanery, created out of nothing?

Yet, the plunder continues and the Federally chartered banks, Thrifts, as well as Savings and Loans collect billions of dollars in interest money, daily.

The Trojan Horse

They descend upon your city in the stillness of the night. And out of nowhere, materializes a "conspiracy of enthusiasm" to sell homes to minorities, low-income people, and first-time buyers.

Their goal?

They claim it's affordable housing for everyone--even if you have bad credit. Caution flammable! Beware of lenders baring loan documents.

Lenders routinely identify minority communities for the express purpose of selling over- priced home loans.

Afterwards, these loans are sold on the secondary market to investors and financial institutions outside of the targeted community. (Examine your coupon booklet and see where your payments are actually going.)

Consequently, as blacks innocently export billions of dollars in interest payments and debt into the coffers of predatory "Banking Cartels"--without new commerce or trade, a cash-flow crisis/deficit will begin (or worsen).

Hence, as economic conditions inevitably decline, the neighborhoods within that community will slowly deteriorate into slums and ghettos.

So how do you intelligently get a home, achieve your investment dreams, and help protect the financial interests of your community?

First, combine the government's home buying program, with investment banker Nigel Stephen's Platinum Plan™ and get yourself a home for little or no money down--pay it off in six-to-eight years and bank, $100,000 cash. (This technique has never been revealed to the general public.)

Second, get a copy of a book entitled, Diary Of An Investment Banker.

It contains three ways to buy a business, and all of the investment property you want with none of your own cash, collateral, or credit.

Third, amass assets versus liabilities. Why? In short, because assets make you money, while liabilities take your money.

Alas, as blacks begin to takeover the businesses, commerce, and trade in their communities, and, better yet, own virtually every square inch of the real estate thereof--education and free enterprise will, no doubt, thrive and flourish.

And wealthy black enclaves across America will no longer be the exception, but the rule. Apply yourself now, Make It Happen!

Regarding questions, serious financial matters, or general topics of concern, fire-off an e-mail to: James Hart, or call (310) 842-5134.

Copyright © 2001 efobi.com. All Rights Reserved.

James Hart, is chief economic counsel and investment strategist at Credit Suisse Acceptance Trust. He is also an author and monetary scientist.

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