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In 2005 and 2006 I originated a Home Equity Line of Credit (HELOC) with Bank of America and two HELOCs with PNC Bank. Never in my wildest dreams could I have imagined the experiences I would have with what should have been a simple, renewable, secured credit card, that doubled as a great interest bearing savings account.
When you come to see HELOCs as I do, and when you come up to speed on my adventures, you will understand why the nefarious deeds by all types of Bankers will be historically remembered as nothing less than Racketeering and Treason. You will be left in awe trying to understand exactly how Spiritual Beings, born of a mother's womb with but the Spark of God, have gotten so utterly deviant and confused.
From 2005 through this publishing June 14, 2016 I've bobbed in illegal banking waves like we've never before seen in a developed society.
The brazenness of the Attorneys who are now our Bankers is simply a site to behold. It's like the reverse of looking on the grandeur of The Great Pyramids for the first time. These spiritual beings we call Bankers are the most fearless, small minded, and incompetent people I could have ever imagined. Their ability to turn a simple energetic transaction into a pile of poo the size of a 747 with only the manipulation of words is confounding. If they could have used their creativity in productive ways, the Golden Age would have come and gone already.
As I was preparing this website for publishing (6/7/2016) a gentleman who found me via related websites (see list below, but don't go there yet) contacted me via email and asked about the status of my findings.
Below is a modified version of my response to his inquiry. This is also the formal unmasking for the HELOC Reset Crisis, and it's not pretty...
When you come to see HELOCs as I do, and when you come up to speed on my adventures, you will understand why the nefarious deeds by all types of Bankers will be historically remembered as nothing less than Racketeering and Treason. You will be left in awe trying to understand exactly how Spiritual Beings, born of a mother's womb with but the Spark of God, have gotten so utterly deviant and confused.
From 2005 through this publishing June 14, 2016 I've bobbed in illegal banking waves like we've never before seen in a developed society.
The brazenness of the Attorneys who are now our Bankers is simply a site to behold. It's like the reverse of looking on the grandeur of The Great Pyramids for the first time. These spiritual beings we call Bankers are the most fearless, small minded, and incompetent people I could have ever imagined. Their ability to turn a simple energetic transaction into a pile of poo the size of a 747 with only the manipulation of words is confounding. If they could have used their creativity in productive ways, the Golden Age would have come and gone already.
As I was preparing this website for publishing (6/7/2016) a gentleman who found me via related websites (see list below, but don't go there yet) contacted me via email and asked about the status of my findings.
- http://karmic-tsunami.weebly.com - launched 9/11/2015 - a banker's nightmare
- http://bofa-bunker-buster.weebly.com - launched 9/23/2015
- http://bofa-racketeering-2015.weebly.com - launched 10/22/2015
- http://my-day-at-a-hillary-clinton-rally.weebly.com - launched 5/25/2016 (a little off topic, but not really)
- http://naked-bankers-on-parade-2016.weebly.com - launched 6/12/2016
- http://the-heloc-reset-crisis-unmasked.weebly.com/ - launched 6/14/2016 (this website...)
Below is a modified version of my response to his inquiry. This is also the formal unmasking for the HELOC Reset Crisis, and it's not pretty...
------------------------------------------------------------------------------------------------------------
Dear John --
Here's the what's up, as compressed as I can get it, but with enough details for some clarity.
In July 2014, the Office of the Comptroller of Currency, a group within the Department of Treasury, issued a Banking bulletin to the CEOs of all major banks on behalf of the Board of Governors of the FED (among others). It discussed the pending payment adjustment crisis. It told Bankers to behave "prudently" as it related to all renewals, extensions and conversion. It went on to tell them to make sure principal and interest payments were collected from all account holders in a reasonable manner.
Ooops. Do you see the problem with this? Renewals would NOT have principal payments.
This cleverly written bulletin was in fact the order to our National Banks, which are now no more than Servicing Centers for the FED, to deny renewal application processes and force the conversion of open ended credit terms to closed end credit terms. At time of origination, the closed-end credit terms were explained away as "for qualification purposes only", because the product was, and always had been, a renewable line of credit.
HELOCs are the Bane of a Bankers existence. They are an interest only mortgage, a low interest credit card, a checking account and an interest bearing savings account, all in one bank account. Our fear based, 30 year mortgage industry only exists because of the cover that has been put over lines of credit, and their attachment to the Prime Rate of the FED, to scare people off every-time they become too popular.
Bankers advertise them but they don't want to originate them for any other than the already wealthy. Trust me, they DON'T. To suppress originations in the mid 2000's banksters started adding very aggressive and non-natural closed end credit terms to an open end credit agreement. Such an addition should have disqualified the Agreements from being labeled "Line of Credit", but they chose not to change the advertising to mask what was then a void in the marketplace of a true HELOC product (renewable, without a repayment term). They used the newly added and aggressive closed end repayment term to artificially deny originations to the moderate wage earners in the mid 2000's.
Math makes this easy. I had to qualify for a $3000/month payment to get a product that had a $1500/month payment. The $3000 payment was associated with a "theoretical" payment that "might" be relevant if they didn't renew, even though there was no time in prior history that they had not done that.
It was a way to give wealthy people access to products that could make them wealthier that were free of credit controls while excluding the less wealthy, and subjecting them to credit control in the form of closed end mortgages. Anyone who could qualify for a $1500/month or $2000/month or $2500/month should have had access to the product, but they didn't as that would destroy the closed end mortgage market that keeps all bankers 'in control.. And it was all happening in plain view.
For those still unsure, there is this. When I say the repayment terms were aggressive, I mean AGGRESSIVE. Generally acceptable mortgages outside of 30 year fixed mortgages include 20 year or 15 year amortized repayment terms. My repayment term with Bank of America was a 15 year non-amortizing term, and they were using the first payment (the highest payment) of the term to qualify/disqualify. To qualify I had to have income that was ~30% in excess of any generally acceptable repayment amount had it been amortized on the short term. These repayment terms were not meant to ever be experienced by wealth consumers who found their way to them. Thus, when the OCC/FED forced the closing down of these lines via the letter in 2014, all banks other than Bank of America simultaneously started offering generous stress relief voluntarily. One non-natural event had to correct for another.
Via this OCC Bulletin, its not only apparent the OCC issued the command for this crisis via the very nature of the notice, it's apparent they knew these repayment terms were harsher than 20 year amortized terms. After all, if they had only been 20 year amortized terms that would not have warranted a bulletin to start with. (<< REREAD THIS PARAGRAPH UNTIL YOU GET IT)
The media was fed disinformation by someone in the know. The few main stream media articles and industry wide articles published on this all presented the situation implying these are 20 year amortized adjustments. Again, if that was the case, this wouldn't as big of a deal, as the media articles tried to portray. In my publishing you will find four examples of actual reset adjustment amounts compared to what they would have been if they were 20 year amortized payments. The game and fraud is transparent.
As mentioned above, HELOC Accounts are the Bane of Existence for ALL types of Bankers. They are most frequently used by small business men who never aspire to the chains of Corporate Bondage or Government Servant Bondage or by savvy homeowners who somehow found their way to the game. Every HELOC Account issued cuts into every single revenue-stream for a bank and those with them are fairly free of the chains of credit control. I once felt relatively free of credit control. They tried to chain me up last year by not renewing my HELOC. Now do you understand the source of my anger better?
If you are up to speed on FED conspiracy theory, this will come as no surprise. If you are not, suspend your disbelieve until you read a few historical quotes included below.
Welcome to the true "benefits" of the "Federal Reserve Act of 1913". Thank Woodrow Wilson for us next time you see him,eh?
Nothing like having ex Wall Streeters and Ex insurance execs and an ARMY of ATTORNEYS employed as faux Government Servants in the OCC to force foreclosures on 66,000 citizens without a legal system, a congressional system, a law enforcement agency or a military that can do a damn thing about it, eh?
With this SIMPLE EXPLANATION, it's now very apparent why not a single Congressman nor Senator spoke out when I presented all of them with this situation in 2015 and early 2016. This isn't a problem to be solved this is a scam that is being executed on all of us from powers above and outside of our Government's control. Thus the lack of Patriots coming to my aid.
OVERSIGHT FAILURE? -- No. Collusion by those running our Government. Idealists rise to Power. Powerful Consumer Credit lobbying groups court them. They don't just put money into their campaigns, they sell them on a higher belief. A belief that says the country they love will fall apart and fall into anarchy without Credit Control. They find common ground. One for profits and credit control, the other for false beliefs they are doing what's best for their country, with more pros than cons. See http://bofa-racketeering-2015.weebly.com/ for more on this as well.
In summary, as a Country, we've been had by our Federal bankers in cahoots with our Mortgage Bankers and our Consumer Bankers, who are being facilitated by our Government Servants. They are all working in collusion for profit, credit control, and the return of Land to the Crown, all be it some in Government are clueless to their role in this game. Every damn one of our corrupt Senators and Congressmen know this is going on, along with oodles of others lurking in the darkness.
If you think this sounds crazy, it's only because you weren't taught our real history in our Public Education System. Our Public Education System was established to mimic the Prussian System, and that was established to instill nationalism in their population so they'd have citizens willing to go to war, against their own self interests, in order to continue the conquering ways of the ruling elite.
Thomas Jefferson told us this was coming...
And Andrew Jackson told us how to handle it (which he in fact did)...
Revolution. A dangerous word in this time of Free Speech. If not prefaced with the word "political" it can get one in a pickle. Thus, "a political revolution" was begun. I sense the awakening, do you? A clan of illuminated ones is forming, and let me tell you, it is a sight to behold. They are from all ages, it's not just the younger ones. I don't know if it will be weeks or months, but I am doubting it will be years. I have been working diligently with many to open eyes and aggregate those of like mind and spirit. If you are remotely receptive, now is the time to join in the fun.
Quite a peachy system we have isn't it?
Treason is the appropriate charge and the Guillotine may be the appropriate tool for those who won't release their grip on a time gone by, I realize anti-capital punishment is the future. But when folks realize what we are up against I'm feeling they may remain on the fence for just a little while longer and that is a-okay with me. Until the parasites that have infested the human mind for the purpose of slowing our date with destiny are routed out, treat those who can be treated properly with care and Love, but recognize that some have sacrificed themselves honorably to the Governor that is no longer needed.
Sorry I don't have better news, but in fact, disclosures such as this are often viewed as good news after the fact.
I feel I can answer just about any question you might have related to HELOCs and this Federal Banker crisis. A years worth of research is a lot of research on one situation that turned out to be created by nothing but turncoats and explainable in a few lines of text.
Regards
b
----------------------------------------------------------------------------------------------------------
Dear John --
Here's the what's up, as compressed as I can get it, but with enough details for some clarity.
In July 2014, the Office of the Comptroller of Currency, a group within the Department of Treasury, issued a Banking bulletin to the CEOs of all major banks on behalf of the Board of Governors of the FED (among others). It discussed the pending payment adjustment crisis. It told Bankers to behave "prudently" as it related to all renewals, extensions and conversion. It went on to tell them to make sure principal and interest payments were collected from all account holders in a reasonable manner.
Ooops. Do you see the problem with this? Renewals would NOT have principal payments.
This cleverly written bulletin was in fact the order to our National Banks, which are now no more than Servicing Centers for the FED, to deny renewal application processes and force the conversion of open ended credit terms to closed end credit terms. At time of origination, the closed-end credit terms were explained away as "for qualification purposes only", because the product was, and always had been, a renewable line of credit.
HELOCs are the Bane of a Bankers existence. They are an interest only mortgage, a low interest credit card, a checking account and an interest bearing savings account, all in one bank account. Our fear based, 30 year mortgage industry only exists because of the cover that has been put over lines of credit, and their attachment to the Prime Rate of the FED, to scare people off every-time they become too popular.
Bankers advertise them but they don't want to originate them for any other than the already wealthy. Trust me, they DON'T. To suppress originations in the mid 2000's banksters started adding very aggressive and non-natural closed end credit terms to an open end credit agreement. Such an addition should have disqualified the Agreements from being labeled "Line of Credit", but they chose not to change the advertising to mask what was then a void in the marketplace of a true HELOC product (renewable, without a repayment term). They used the newly added and aggressive closed end repayment term to artificially deny originations to the moderate wage earners in the mid 2000's.
Math makes this easy. I had to qualify for a $3000/month payment to get a product that had a $1500/month payment. The $3000 payment was associated with a "theoretical" payment that "might" be relevant if they didn't renew, even though there was no time in prior history that they had not done that.
It was a way to give wealthy people access to products that could make them wealthier that were free of credit controls while excluding the less wealthy, and subjecting them to credit control in the form of closed end mortgages. Anyone who could qualify for a $1500/month or $2000/month or $2500/month should have had access to the product, but they didn't as that would destroy the closed end mortgage market that keeps all bankers 'in control.. And it was all happening in plain view.
For those still unsure, there is this. When I say the repayment terms were aggressive, I mean AGGRESSIVE. Generally acceptable mortgages outside of 30 year fixed mortgages include 20 year or 15 year amortized repayment terms. My repayment term with Bank of America was a 15 year non-amortizing term, and they were using the first payment (the highest payment) of the term to qualify/disqualify. To qualify I had to have income that was ~30% in excess of any generally acceptable repayment amount had it been amortized on the short term. These repayment terms were not meant to ever be experienced by wealth consumers who found their way to them. Thus, when the OCC/FED forced the closing down of these lines via the letter in 2014, all banks other than Bank of America simultaneously started offering generous stress relief voluntarily. One non-natural event had to correct for another.
Via this OCC Bulletin, its not only apparent the OCC issued the command for this crisis via the very nature of the notice, it's apparent they knew these repayment terms were harsher than 20 year amortized terms. After all, if they had only been 20 year amortized terms that would not have warranted a bulletin to start with. (<< REREAD THIS PARAGRAPH UNTIL YOU GET IT)
The media was fed disinformation by someone in the know. The few main stream media articles and industry wide articles published on this all presented the situation implying these are 20 year amortized adjustments. Again, if that was the case, this wouldn't as big of a deal, as the media articles tried to portray. In my publishing you will find four examples of actual reset adjustment amounts compared to what they would have been if they were 20 year amortized payments. The game and fraud is transparent.
As mentioned above, HELOC Accounts are the Bane of Existence for ALL types of Bankers. They are most frequently used by small business men who never aspire to the chains of Corporate Bondage or Government Servant Bondage or by savvy homeowners who somehow found their way to the game. Every HELOC Account issued cuts into every single revenue-stream for a bank and those with them are fairly free of the chains of credit control. I once felt relatively free of credit control. They tried to chain me up last year by not renewing my HELOC. Now do you understand the source of my anger better?
If you are up to speed on FED conspiracy theory, this will come as no surprise. If you are not, suspend your disbelieve until you read a few historical quotes included below.
- Our FED, via the OCC, has ordered this forced, non-natural conversion of HELOCs in that July 2014 Bulletin. The conversion is a forced conversion from open-end credit terms to closed-end credit terms. With the closed end terms having only been inserted originally to suppress originations to filter for can cater to the more wealthy.
- That non-natural conversion order creates a cash/credit constriction that will force 66,000 foreclosures, and that will reduce disposable income spending by $15 billion per year in a cumulative fashion from 2014-2018 ( 15 Billion in year 1, 30 Billion in year two, etc).
- The cash contraction not only benefits the Federal Bankers (and our cronies in Government) from a control perspective, but it also benefits Mortgage Bankers, Consumer Bankers, large Real Estate Investments Groups and REITs who are buying foreclosures during this Bonanza, so none of them mind the sick game. Those who tied their real estate investing portfolios to the Section 8 Bonanza are sitting fat. Luis Castro just approved 20-30% rental increases for Section 8 landlords, putting Section 8 rental reimbursements at a 20% premium to market rent in many areas. So now, the most secure job as a landlord (Section 8 with government funded rent) is also the most profitable. When you see risk/reward inversions like this, it can only happen via foul play.
- If there happened to be anyone (Our Congressmen, Our Senators, Our Executive Branch, Our Judicial Branch, Our Bankers, Our Big Corporate Exs, Our major or minor investors, Our Ex Federal Attorneys) who's conscience said they should call someone who cared, unfortunately there is no one to call, as the OCC and the FED operate above all laws and our own Government.
- For what it's worth, these Agreements that we are calling HELOC Agreements should actually NEVER be referred to as HELOC Agreements as they are actually HYBRID banking agreements that contained open and closed credit terms. The name HELOC was used to mask the market void of renewable open end credit products. The goal with the masking is to eventually convince everyone a HELOC has a repayment term by default, when that is a fully illusionary concept. The proper way to describe these things using Regulation Z, Truth in Lending Act terms is " home equity plans with an open end credit term and a closed end credit term". The more generically accepted vocabulary in industry would be "hybrid banking agreements with an open end credit term and a closed end credit term". They can never be called a Line of Credit Agreement as that has a specific connotation to "open end credit only".
- The solution to the problem is stupidly simple. Renew the HELOCs in accordance with the expectations set at time of origination. BUT, if they were to order the solution, it would contradict the Credit Constriction order, YOU SEE, a solution isn't something being sought as that would undo the game they have intentionally put in motion.
Welcome to the true "benefits" of the "Federal Reserve Act of 1913". Thank Woodrow Wilson for us next time you see him,eh?
Nothing like having ex Wall Streeters and Ex insurance execs and an ARMY of ATTORNEYS employed as faux Government Servants in the OCC to force foreclosures on 66,000 citizens without a legal system, a congressional system, a law enforcement agency or a military that can do a damn thing about it, eh?
With this SIMPLE EXPLANATION, it's now very apparent why not a single Congressman nor Senator spoke out when I presented all of them with this situation in 2015 and early 2016. This isn't a problem to be solved this is a scam that is being executed on all of us from powers above and outside of our Government's control. Thus the lack of Patriots coming to my aid.
OVERSIGHT FAILURE? -- No. Collusion by those running our Government. Idealists rise to Power. Powerful Consumer Credit lobbying groups court them. They don't just put money into their campaigns, they sell them on a higher belief. A belief that says the country they love will fall apart and fall into anarchy without Credit Control. They find common ground. One for profits and credit control, the other for false beliefs they are doing what's best for their country, with more pros than cons. See http://bofa-racketeering-2015.weebly.com/ for more on this as well.
In summary, as a Country, we've been had by our Federal bankers in cahoots with our Mortgage Bankers and our Consumer Bankers, who are being facilitated by our Government Servants. They are all working in collusion for profit, credit control, and the return of Land to the Crown, all be it some in Government are clueless to their role in this game. Every damn one of our corrupt Senators and Congressmen know this is going on, along with oodles of others lurking in the darkness.
If you think this sounds crazy, it's only because you weren't taught our real history in our Public Education System. Our Public Education System was established to mimic the Prussian System, and that was established to instill nationalism in their population so they'd have citizens willing to go to war, against their own self interests, in order to continue the conquering ways of the ruling elite.
- Nationalism is instilled by asking kids to repeat the Pledge of Allegiance to the Flag, which was written in the mid 1890s by someone with rather deviant intentions.
- Does it make sense that a "minister", a supposed man of God, would create a pledge in which tiny, aspiring humans would dedicate themselves to a piece of material fabric?
- Especially given that fabric was a flag, and given flags have been historically tied to war for thousands of years?
- And if you read up on it, he had hoped the pledge would be adopted by citizens in any (many) countries
- Nationalism is also instilled by NOT teaching kids at a young age that WAR is but a Bankers playground, with Federal Bankers being the most deviant of them all.
- Yes, the pledge was a psychological trick/curse created by an energetic man who wanted to see global war, and lots of it.
- Things just got stranger the more I dug.
Thomas Jefferson told us this was coming...
- “If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
And Andrew Jackson told us how to handle it (which he in fact did)...
- “Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the bread-stuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal God, I will rout you out! If the people understood the rank injustices of our money and banking system there would be a revolution before morning. “
Revolution. A dangerous word in this time of Free Speech. If not prefaced with the word "political" it can get one in a pickle. Thus, "a political revolution" was begun. I sense the awakening, do you? A clan of illuminated ones is forming, and let me tell you, it is a sight to behold. They are from all ages, it's not just the younger ones. I don't know if it will be weeks or months, but I am doubting it will be years. I have been working diligently with many to open eyes and aggregate those of like mind and spirit. If you are remotely receptive, now is the time to join in the fun.
Quite a peachy system we have isn't it?
Treason is the appropriate charge and the Guillotine may be the appropriate tool for those who won't release their grip on a time gone by, I realize anti-capital punishment is the future. But when folks realize what we are up against I'm feeling they may remain on the fence for just a little while longer and that is a-okay with me. Until the parasites that have infested the human mind for the purpose of slowing our date with destiny are routed out, treat those who can be treated properly with care and Love, but recognize that some have sacrificed themselves honorably to the Governor that is no longer needed.
Sorry I don't have better news, but in fact, disclosures such as this are often viewed as good news after the fact.
I feel I can answer just about any question you might have related to HELOCs and this Federal Banker crisis. A years worth of research is a lot of research on one situation that turned out to be created by nothing but turncoats and explainable in a few lines of text.
Regards
b
----------------------------------------------------------------------------------------------------------
In truth, our Banking Attorneys, our International Bankers, and our Gypsy Clans have served a wonderful role. They have spent the past 2000 to 4000 years or so slowing down evolution so we didn't arrive at our collective destination a minute to soon. But from my perspective, our final flight path has come into view. Our date with destiny is close at hand. It is time to encourage all who have slowed us so well to jump on the train or bid them farewell.
Please assist me with a Bon Voyage to those who know not what transparency is. It's time for them to set sail while the rest of us get busy preparing for some very exciting times. Unfortunately, a shift in times is always turbulent, but that can be minimized with proper leadership.
I wish I could say the material in this website was a work of fiction, but it's not. It is however an invaluable part of our past, no matter how crazy it might sound now. And via this website and others that lead up to this, it has been digitally documented to be sure we never return from whence we came.
Sorry to be the bearer of the news but it is in fact the start of something GREAT, once we figure out how to follow in Andrew Jackson's footsteps.
b
Please assist me with a Bon Voyage to those who know not what transparency is. It's time for them to set sail while the rest of us get busy preparing for some very exciting times. Unfortunately, a shift in times is always turbulent, but that can be minimized with proper leadership.
I wish I could say the material in this website was a work of fiction, but it's not. It is however an invaluable part of our past, no matter how crazy it might sound now. And via this website and others that lead up to this, it has been digitally documented to be sure we never return from whence we came.
Sorry to be the bearer of the news but it is in fact the start of something GREAT, once we figure out how to follow in Andrew Jackson's footsteps.
b