http://www.thezeitgeistmovement.com/
his is a very important video that will give you very specific information as it relates to creating a positive future for yourself.
In 1995 our family turned off cable TV.
Do the same. Follow the tips on this video. Subscribe, rate and pass on please.
Foreclosure Rescue
At least six million homeowners will probably default on their mortgages this year and next, and millions more will have their equity wiped out by declining property values. More than 770,000 homes have been seized by lenders since 2007, and 91,000 families were just kicked out of their homes in August.
These American homeowners were betrayed by their elected representatives!
The only provision in the bailout legislation to remotely "benefit" homeowners whose homes are being foreclosed upon only "encourages" mortgage service companies to modify mortgages. Paulson is required to "maximize assistance for homeowners ... and minimize foreclosures"; however, he also has to ensure that the government doesnt incur any additional costs. Thus, theres little or no hope of any meaningful benefit to distressed homeowners resulting from the bailout.
The legislation could have required the government to directly purchase the defaulting mortgages and to adjust them to the reduced value of the property, as was done in the Great Depression. Instead, Paulson is authorized to purchase the complex derivatives (Wall Streets gambling debts) piled on top of the original mortgages. The difference is whether homeowners or Wall Street receives the benefit of the bailout.
Bankruptcy Rescue
More than 4,476 Americans filed for bankruptcy every day during August, the highest number since changes in the law in 2005 made it much more difficult, and even impossible in many cases, to obtain debt relief. More than a million, increasingly elderly, people will petition for bankruptcy this year.
These destitute Americans were betrayed by their elected representatives!
Under the current law, bankruptcy judges do not have the power to modify mortgages of a petitioners primary residence, irrespective of how the mortgages have been sliced, diced and repackaged. The bailout could have provided judges with the authority, in appropriate cases, to adjust the amount secured by the mortgage to the value of the property and to adjust the interest rate to a reasonable percentage.
Unemployment Rescue
New claims for unemployment benefits rose to 493,000 last week, the highest level in seven years. The economy has already lost 605,000 jobs thus far this year, and it dumped 159,000 payroll jobs just during September, the greatest drop in five years.
These unemployed Americans were betrayed by their elected representatives!
Although the House of Representatives passed an economic stimulus bill that would fund job creation and extent jobless benefits for long-term unemployed workers on September 26th, the Senate failed to pass its own stimulus bill on the same day. President Bush has promised to veto the legislation if passed.
The bailout legislation could have provided for an extension of jobless benefits, but it didnt.
Homeless Rescue
More than 750,000 and as many as a million Americans are homeless today, and the numbers are increasing dramatically. The National Coalition for the Homeless reports that homelessness is growing because of foreclosures, loss of jobs, and the rising price of fuel and food.
These homeless Americans were betrayed by their elected representatives!
Homeless sites are appearing all across the country as people with no place to stay are pitching tents and huddling together for support and protection. Their plight did not receive any consideration by the Congressional leadership that rammed the bailout through Congress.
Hunger Rescue
The most recent report by the Department of Agriculture found that in 2006, 35.5 million Americans lived in households with insecure food supplies and the numbers were increasing. At risk children numbered more than 12.6 million, and African Americans and Hispanic Americans suffered at higher rates than the national average.
In 2006, 9.6 million Americans had to frequently skip meals or eat too little, and often had to go without food for a whole day. Today, as members of Congress voted to reward the richest and most greedy members of our society, they ignored those without the most basic necessity for survival. This morning, they rewarded the most powerful and best-fed members of our society, and gave no thought to the helpless children who will go to bed hungry tonight.
Food banks who serve as the last resort for the hungry are running out of food. They are having to reduce rations and to dip into emergency supplies of staple items. There are reports of a 40 percent increase in requests for food assistance and a 30 percent drop in supplies.
These hungry Americans were betrayed by their elected representatives!
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