Comments on: How Banks Make Money & Why Real Estate Will Come Back Quickly http://www.geraldromine.com/how-banks-make-money-why-real-estate-will-come-back-quickly/ "The Web's Leading Authority on Real Estate, Kicking Butt in Real Estate, and stuff like that!" Thu, 07 May 2009 15:02:26 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: haroldebeale http://www.geraldromine.com/how-banks-make-money-why-real-estate-will-come-back-quickly/comment-page-1/#comment-120 haroldebeale Mon, 29 Sep 2008 06:10:35 +0000 http://www.geraldromine.com/?p=141#comment-120 What has happened with our economic system is not a surprise to those who understand our banking system. Simply put, banks create debt money out of thin air (yes, you read it right) that is based on a promise to repay principal and interest. However, there is not enough money in the system to repay the principal and the interest owed. The interest owned will never be paid based on the current banking system. The Federal Reserve Act of 1913 and the New Deal under President Roosevelt, that buttressed the desires of the international bankers, are the absolute source of this country’s ongoing economic problems – no question, no doubt. The Federal Reserve Bank (and there is nothing federal about it; it has been declared a private corporation by the Supreme Court of the United States) cannot help the problem unless it dissolved itself. I therefore encourage you and your readers to view the following videos (two or three times to dislodge the mis-education we have received through the outlets of indoctrination (schools, media, etc.). This is education that you will never get in school. Most people do not know about the truths revealed in these videos. In general, most people don't know how money comes about and it's actual worth, who actually controls the money supply, and how this control impacts our lives in ways never imaged. Watch, listen, learn, and share this with others you care about. May the Truth be with you always ... Money as Debt, By Paul Grignon http://video.google.com/videoplay?docid=-905047436 (This is a great introductory primer before getting into he meat and potatoes. Among other things, learn how loans are not really loans – this will be interesting for the homeowner and the investor alike. 47 min.) Money, Banking and the Federal Reserve http://video.google.com/videoplay?docid=-466210540 (Direct and to the point about the banking system. 41 min.) The Money Masters: How the International Bankers Gained Control of America http://video.google.com/videoplay?docid=-515319560 (This is a must-see. Take time out of your busy schedule to learn the truth about why “We the People” will never get out of debt based on our current banking system. 215 min.) What has happened with our economic system is not a surprise to those who understand our banking system. Simply put, banks create debt money out of thin air (yes, you read it right) that is based on a promise to repay principal and interest. However, there is not enough money in the system to repay the principal and the interest owed. The interest owned will never be paid based on the current banking system.

The Federal Reserve Act of 1913 and the New Deal under President Roosevelt, that buttressed the desires of the international bankers, are the absolute source of this country’s ongoing economic problems – no question, no doubt. The Federal Reserve Bank (and there is nothing federal about it; it has been declared a private corporation by the Supreme Court of the United States) cannot help the problem unless it dissolved itself.

I therefore encourage you and your readers to view the following videos (two or three times to dislodge the mis-education we have received through the outlets of indoctrination (schools, media, etc.). This is education that you will never get in school. Most people do not know about the truths revealed in these videos. In general, most people don’t know how money comes about and it’s actual worth, who actually controls the money supply, and how this control impacts our lives in ways never imaged. Watch, listen, learn, and share this with others you care about. May the Truth be with you always …

Money as Debt, By Paul Grignon http://video.google.com/videoplay?docid=-905047436
(This is a great introductory primer before getting into he meat and potatoes. Among other things, learn how loans are not really loans – this will be interesting for the homeowner and the investor alike. 47 min.)

Money, Banking and the Federal Reserve
http://video.google.com/videoplay?docid=-466210540 (Direct and to the point about the banking system. 41 min.)

The Money Masters: How the International Bankers Gained Control of America http://video.google.com/videoplay?docid=-515319560
(This is a must-see. Take time out of your busy schedule to learn the truth about why “We the People” will never get out of debt based on our current banking system. 215 min.)

]]> By: Gerald Romine http://www.geraldromine.com/how-banks-make-money-why-real-estate-will-come-back-quickly/comment-page-1/#comment-108 Gerald Romine Tue, 23 Sep 2008 00:37:49 +0000 http://www.geraldromine.com/?p=141#comment-108 Mitchell Asked: "If that's the case why did the banks lower my credit limits on HELOC" Gerald Romine Answers: There could be several reasons including: 1) The value for your home is lower now then when the HELOC was approved. For instance you could have a first of 100K and a HELOC for 50K and the home is currently worth 130K. The lender may lower your HELOC to make sure they have adequate security on your loan. 2) Your credit score may have lowered making you a higher risk. 3) The lender may be lowering their overall liabilities and decreasing your loan is part of that action. 4) The lender may have re-evaluated the loan or their HELOC portfolio and changed their lending guidelines. The reasons the lender may have lowered your HELOC are many. Be glad you still have a HELOC you can draw money from. I've had friends who had HELOCs with zero balances that were terminated. Gerald Romine Mitchell Asked:

“If that’s the case why did the banks lower my credit limits on HELOC”

Gerald Romine Answers:

There could be several reasons including:

1) The value for your home is lower now then when the HELOC was approved. For instance you could have a first of 100K and a HELOC for 50K and the home is currently worth 130K. The lender may lower your HELOC to make sure they have adequate security on your loan.

2) Your credit score may have lowered making you a higher risk.

3) The lender may be lowering their overall liabilities and decreasing your loan is part of that action.

4) The lender may have re-evaluated the loan or their HELOC portfolio and changed their lending guidelines.

The reasons the lender may have lowered your HELOC are many. Be glad you still have a HELOC you can draw money from. I’ve had friends who had HELOCs with zero balances that were terminated.

Gerald Romine

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