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MORAL
ARMOR'S Economic Warning
for Americans
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by: Ronald
E Springer
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Copyright
2005 Ronald E Springer
For years we’ve suffered under recession, prompting us to
ask,
When will it end? My answer is, “It’s only the
beginning.”
Historically, recessions are the result of high interest rates, pushed
up as the result of loose money policies. Recovery comes when citizens
begin to spend more wisely, save money and pay off their debts, but not
this time. Never before have credit policies been so loose for so long,
and there has been no decrease in consumer debt. It’s still
on
the rise, but Americans are NOT fundamentally to blame; immoral
monetary policy is.
Banks used to consider a safe loan applicant to have a 36% or less Debt
to Income Ratio (debt divided by gross income). This percentage is a
time-proven figure indicating the financial health of an individual.
Now, during the worst economy in twenty years and with no signs of
recovery, our banks gladly loan to applicants with a 56% Debt to
Income. What has changed? Are banks suddenly more generous? I
don’t think so. One good question to ask is, Why are banks
willing to accept the additional risk? But the real question to ask is,
Where is this money coming from?
Not one in a thousand Americans knows the true nature of our banking
system, so they have no idea that what happened in 1929 is about to
happen again. Nor do they know that it was done deliberately then, and
is being done deliberately now.
We have in this country one of the most corrupt institutions known to
Man, and I refer to the Federal Reserve. Since it’s inception
in
1913, every dollar created has interest being paid on it as if it were
borrowed. This debt cannot be extinguished without destroying the
currency itself, and has spawned a nightmare of debt that presently
amounts to over $360 Billion in interest paid per year, accounting for
half the personal income tax of the nation. Due to this, America is
forced to create $7 Billion daily to cover the $1 Billion it pays in
interest daily due to the Federal Reserve System. This is where the
public comes in.
Federal Reserve bankers have to find a way to spend $6 Billion every
day while masking the inflation it causes. Throughout the nineties it
was done through real estate and the stock market. Now it is almost
exclusively being put into real estate. How on Earth could so many
mortgage companies be offering interest only, no money down,
multi-hundred thousand or million dollar loans with high applicant debt
ratios?
Here is a hypothetical example of what’s going to happen:
Your
mortgage banker tells you that with a 56% debt ratio, you can afford a
$300,000 home, no money down. You secure the loan at 4%, costing $1432
per month. A few years later, you’re thrown out of work for
three
months. Back payments amount to $4296 plus late fees, legal fees, etc.,
and another $5k on cars, credit cards and everything else. Unable to
catch up, you’ll try to refinance, but interest rates have
moved
up to 7%. A $310,000 loan now costs $2062 per month—more than
you
can afford, but banks will have tightened lending policies back to 36%
and you no longer qualify for the home you own anyway. Accounting for
all other debt, you now qualify for a shocking $360 per month. You are
trapped, and the new bankruptcy laws they pushed for will never let you
walk away.
You owned this home in a perfect numbers scenario, but any
complications—unemployment, salary reduction, interest rate
increase, debt ratio change, bruised credit rating, depressed home
values--and you’re cooked. One mishap and every financial
measure
works against you. Your financial angel has suddenly become your
greatest enemy. Welcome to the Federal Reserve System and their freshly
engineered worldwide depression.
If you were to approach the housing market fresh, you would find that
you only qualify for a $55k house now, along with the market of buyers
you were hoping to unload your balloon-house on. The bank forecloses,
auctions it off and you’re personally responsible for the
difference, which could be massive. Bankruptcy is right around the
corner, and deplorably, you are the only one who will be held
accountable. You will then be a debt slave as the Federal Reserve
intends, and game over.
My advice is to get as financially stable as you can. Mathematically,
our situation is much worse than that of the Great Depression. No
matter how generous these bankers appear, pare down monthly outlays to
36% D/I or less. Set aside three to six months of mortgage payments in
case you become unemployed. Make sure you can ride out the storm.
We are coming to a point in American society to where it’s
either
them or us, and mass awareness is the key to our survival. Most believe
the Federal Reserve is a part of the government, but it’s
just a
name. The Fed is a private corporation set up for private gain, with a
dark history of stock market crashes, financial panics, political
manipulation and ultimately, mass poverty and hunger riots. Our
struggle is not new: currency control has switched from public to
private hands EIGHT times since our country’s inception, and
needs to be reclaimed by the people, one last time.
Don’t think you can play helpless and expect our political
leaders to protect you from financial calamity; they never have. You
must become Morally Armed on your own. Don’t be coaxed into
believing the system is optimized for the good of all. The Federal
Reserve System is not an equitable institution, and it was never
intended to be. They believe if they have us strung out on debt, we are
no threat to them. Let us prove otherwise.
Currency reform is the most important issue facing Americans today. How
it plays out will determine whether you and your children eat or not,
whether you have a place to live or even a future to look forward to.
The major media will ridicule anyone speaking against the Fed, so to
validate history’s greatest moral dilemma for yourself, just
google “Jackson bank veto.”
America must abolish the Federal Reserve System to regain control over
the economy and our government. For a concise history of world monetary
policy and how it shapes world events, see Moral Armor. Then share this
knowledge with your friends. Email this article to everyone in your
address book and stay tuned for further developments. We’ll
change the system together and bring a brighter dawn to Mankind.
About the author:
Ronald E. Springer is the Author/Philosopher of Moral Armor, the
world's first fully-integrated moral philosophy based on the nature of
Man. Featured on The Mitch Albom Show, NBC and FOX News radio
affiliates, Mr. Springer is available for interviews, speaking
engagements, philosophy workshops and seminars. Please contact
RonaldESpringer@MoralArmor.com or visit www.MoralArmor.comfor
details.
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