Infinite Freedom Foundation Proposes to Consolidate Fannie Mae and Freddie Mac and Wind Down Interest Bearing Housing Debt
By Alex S. Gabor
Are you better off today than you were two years ago? There is 18% more money floating around the planet in dollar terms alone than there was two years ago!
Do you have 18% more money in your bank accounts?
America is now ranked as the 9th best economy in the world and defaults on commercial mortgage backed securities are up to 10% of all outstanding loans.
Alex S. Gabor & Associates Investment Bankers is advising the Obama Administration to merge Fannie Mae and Freddie Mac as a subsidiary of the Infinite Freedom Foundations of America.
The Foundations would take on the role of providing a gradual winding down of interest bearing mortgage money in the housing market and giving all the wealth that has been taken from America by the International Banks who are deeply in financial trouble, back to the borrowers who own the houses.
Alex S. Gabor is networking with financial executives around the planet to implement a zero interest mortgage policy regime in America.
If America does not adopt this policy soon, stay tuned for the sequel to the recent downturn as Bank of America, Wells Fargo, Berkshire Hathaway, Citigroup and thousands of other banks around the planet are forced into consolidation due to unsustainable operations caused by insolvency by the United States Treasury Department.
Numbers don't lie, and here are the data on the impact that current policy has had on the lives of Americans:
Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation's history. Over 27 times as fast! Metaphorically, speaking, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane 27 times faster . . . it would be doing 1,755 MPH! This is a disaster!
Sources:
(1) U.S. Energy Information Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. of Labor; (7) FHFA; (8) Standard & Poor's/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury
By Alex S. Gabor
Are you better off today than you were two years ago? There is 18% more money floating around the planet in dollar terms alone than there was two years ago!
Do you have 18% more money in your bank accounts?
America is now ranked as the 9th best economy in the world and defaults on commercial mortgage backed securities are up to 10% of all outstanding loans.
Alex S. Gabor & Associates Investment Bankers is advising the Obama Administration to merge Fannie Mae and Freddie Mac as a subsidiary of the Infinite Freedom Foundations of America.
The Foundations would take on the role of providing a gradual winding down of interest bearing mortgage money in the housing market and giving all the wealth that has been taken from America by the International Banks who are deeply in financial trouble, back to the borrowers who own the houses.
Alex S. Gabor is networking with financial executives around the planet to implement a zero interest mortgage policy regime in America.
If America does not adopt this policy soon, stay tuned for the sequel to the recent downturn as Bank of America, Wells Fargo, Berkshire Hathaway, Citigroup and thousands of other banks around the planet are forced into consolidation due to unsustainable operations caused by insolvency by the United States Treasury Department.
Numbers don't lie, and here are the data on the impact that current policy has had on the lives of Americans:
| January 2009 | TODAY | % chg | Source |
| Avg. retail price/gallon gas in U.S. | $1.83 | $3.104 | 69.6% | 1 |
| Crude oil, European Brent (barrel) | $43.48 | $99.02 | 127.7% | 2 |
| Crude oil, West TX Inter. (barrel) | $38.74 | $91.38 | 135.9% | 2 |
| Gold: London (per troy oz.) | $853.25 | $1,369.50 | 60.5% | 2 |
| Corn, No.2 yellow, Central IL | $3.56 | $6.33 | 78.1% | 2 |
| Soybeans, No. 1 yellow, IL | $9.66 | $13.75 | 42.3% | 2 |
| Sugar, cane, raw, world, lb. fob | $13.37 | $35.39 | 164.7% | 2 |
| Unemployment rate, non-farm, overall | 7.6% | 9.4% | 23.7% | 3 |
| Unemployment rate, blacks | 12.6% | 15.8% | 25.4% | 3 |
| Number of unemployed | 11,616,000 | 14,485,000 | 24.7% | 3 |
| Number of fed. employees, ex. military (curr = 12/10 prelim) | 2,779,000 | 2,840,000 | 2.2% | 3 |
| Real median household income (2008 v 2009) | $50,112 | $49,777 | -0.7% | 4 |
| Number of food stamp recipients (curr = 10/10) | 31,983,716 | 43,200,878 | 35.1% | 5 |
| Number of unemployment benefit recipients (curr = 12/10) | 7,526,598 | 9,193,838 | 22.2% | 6 |
| Number of long-term unemployed | 2,600,000 | 6,400,000 | 146.2% | 3 |
| Poverty rate, individuals (2008 v 2009) | 13.2% | 14.3% | 8.3% | 4 |
| People in poverty in U.S. (2008 v 2009) | 39,800,000 | 43,600,000 | 9.5% | 4 |
| U.S. rank in Economic Freedom World Rankings | 5 | 9 | n/a | 10 |
| Present Situation Index (curr = 12/10) | 29.9 | 23.5 | -21.4% | 11 |
| Failed banks (curr = 2010 + 2011 to date) | 140 | 164 | 17.1% | 12 |
| U.S. dollar versus Japanese yen exchange rate | 89.76 | 82.03 | -8.6% | 2 |
| U.S. money supply, M1, in billions (curr = 12/10 prelim) | 1,575.1 | 1,865.7 | 18.4% | 13 |
| U.S. money supply, M2, in billions (curr = 12/10 prelim) | 8,310.9 | 8,852.3 | 6.5% | 13 |
| National debt, in trillions | $10.627 | $14.052 | 32.2% | 14 |
Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation's history. Over 27 times as fast! Metaphorically, speaking, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane 27 times faster . . . it would be doing 1,755 MPH! This is a disaster!
Sources:
(1) U.S. Energy Information Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. of Labor; (7) FHFA; (8) Standard & Poor's/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury
