AlexLah

So you agree that when a bank sold the loan to a third party (Without mentioning the assignees) the mortgage taker can just walk away, no matter in which country the contract has been made?

Just asking.

it is clear Naam has has no clue. Just trying to cover his back by saying that in Germany you would go to prison if you handed back the keys of your mortgaged property and stopped paying, even if you were able to pay.

Please show the law that tells that Naam (Mr. conventional wisdom).

learn reading little poor boy or refrain from deliberate wrong interpretations and accept finally that i'm not doing any homework for you. now back to your dark corner where you belong. do not (repeat NOT) dirty it up. use kleenex!

this is what i said: "not paying your debt when you are able to pay is FRAUD!"

"it is clear" that you too have a criminal mind which condones fraud. do you also own a rice field or only a buffalo... perhaps with calf?

p.s. there is no such thing in a civilised country like "handing over your keys" and run away from debt.

There are ways to end a contract Naam, even in Germany. If you are not able to pay the monthly mortgage the house will be sold and the remainder of the balance needs to be payed off in whatever amount is reasonable, based on the then current income of the mortgage taker. No jail time here.

If you are able to pay but want to end the contract, same thing. House will be sold and you need to pay back the remainder (same scenario as above), no jail time.

Now the interesting part is when the bank sold your loan to some investor as an MBS or some other derivative. The above scenario's are decided in court (contract law). So when the original lender of the money sold your loan to some other party it means you have no contract (wet ink signature of both) with the 3rd party and the original issuer of the loan has no right to chase you for the remainder of the balance.

Therefore even in Germany you can ask for "The Note" when in court.

Whatever the outcome, you will not go to jail.

it is clear Naam has has no clue. Just trying to cover his back by saying that in Germany you would go to prison if you handed back the keys of your mortgaged property and stopped paying, even if you were able to pay.

Please show the law that tells that Naam (Mr. conventional wisdom).

Hmmmmmmmm...........

Is it too hard for you to admit that there is a very different reality out there Mr. conventional wisdom?

Does that not sound very suspicious?

Sending Gristmess balloons over Bangkok (a predominantly Buddhist country) when it is not even Christmas?

Hmmmmmm?

Again you are having troubles remembering. Me and few others in this and some other threads kept saying stuff like this (not in so many words) but have been called crazy conspiracy theorist.

This guy, a former Chairman of Princeton Economics Int'l, Ltd shares some of the things he knows of what goes on behind the curtain.

If you disagree with him please send him an e-mail or one of your rubber mattresses.

Not so fast J the Con Man.

What happened with your bet?

And here some more reading material for those who not belieb in conspiriacy....

http://www.silverbearcafe.com/private/12.09/curtain.html

Told ya didn't I?

Easy money right?

We just ended up with a higher interest bill to pay back to the institutions that caused all of this.

So what do you think happened Abrak in terms of the real economy that justifies a slight increase in RE values?

Has it not been banks or owners of the loans that keep the values artificially high by transferring them to government owned institutions or keeping them off the books?

I do not deny or confirm the appearance of shiny metallic objects above Bangkok on the date mentioned by the OP.

The information that I have is classified.........

Haaaa haaaaaaaaaaaaaaaa!

I like it!

And even better:

Sorry.....bwaaaaaahaaaaaahaaaaaaaaaaaaaa!

Yes they were newly printed crisp USD, thrown around like confetti.

http://vids.myspace.com/index.cfm?fuseacti...VideoID=9304388

But hey who cares about 12 Billion these days, peanuts.......

Cheers all, it's weekend!

Perhaps you could prove it to yourself by posting any link to such story?

Please provide a link to an article that proves it were Iraqi Dinars.

I have some other pic's on my home pc that clearly show crisp USD........wrapped in palatastick

The US flew nearly $12bn in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it and how it was being spent.

The staggering scale of the biggest transfer of cash in the history of the Federal Reserve has been graphically laid bare by a US congressional committee.

In the year after the invasion of Iraq in 2003 nearly 281 million notes, weighing 363 tonnes, were sent from New York to Baghdad for disbursement to Iraqi ministries and US contractors. Using C-130 planes, the deliveries took place once or twice a month with the biggest of $2,401,600,000 on June 22 2004, six days before the handover.

Full article here: http://www.guardian.co.uk/world/2007/feb/08/usa.iraq1

Fight back!

Many lenders have bundled up and repacked their loans and sold them to investors.

Which means you have not contracted with the investor who bought your debt. Ask them to produce the note with wet ink signature of both parties.

More about this here: http://www.consumerwarningnetwork.com/2009...duce-the-note-6

Anyone knows if this one is available in Thailand?

So let us have a look at the economic situation of Thailand.

1. How many Thai people are loosing their job each month?

2. How many factories or businesses are closed each month and how many new are started?

3. By how many % have the house/condo prices declined YTD?

4. How many banks blew up or had to be saved by the government?

5. How many people as a % live on some kind of government support (if there exist any).

6. How much money has been borrowed by the government as a % of GDP to stimulate the economy?

If all these are put into a chart and compared to the US situation, how does the economic situation in Thailand look like?

Jazzbo, are you familiar with the symptoms shown by gambling addicts (not you) or alcoholics?

Go here and have a read: http://www.321gold.com/editorials/hera/hera120209.html

Have you start buying more Gold already Herr Naam? Besides that, how is your veggie garden doing?

Strawberry plants will do great at this time of year and with a bit of luck you could find yourself on the sofa by the pool feeding the other half your home grown strawberries dipped in whipped cream whilst wearing white robes and watching the price of Gold sky rocketing by the minute once phase 5 is started.

The 4 th will be released soon.......

I said ( In May) it would reach 1000 USD within a few months.

And I posted another one as where it would go a while after, (Up, if you can read the model) somewhere in this thread if I remember well.

Also in predictions 2007 I said Gold price to be THB 13000 by year end and was spot on, the other was 20.000 by year end 2008 but obviously I was a year off.

Ha ha ha!

Have a good day all,

Keep buying Gold!

.

Who will benefit or loose from a default of the corporation or part of (just thinking of insurance contracts).

No worries Midas, as long as those countries can pay the interest on the debt they should be fine.

Just squeeze the tax payers a bit more, perhaps soon there will be a tax on farting.

Have you?

Well Jazzbo there have been some great ideas here how to help recovering from this great swindle called financial crisis but some were a bit too drastic. Maybe in the near future below situation can be observed and accepted as a standard.

Here another suggestion.........

No worries all. it will be fixed, someday, somehow....