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Business/Finance
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Title: Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds
Source: [None]
URL Source: http://www.marketwatch.com/news/sto ... A418-5A0B903D9F72%7D&dist=hppr
Published: Jul 11, 2008
Author: staff
Post Date: 2008-07-12 10:32:35 by DeaconBenjamin
Ping List: *unUsual Suspects*     Subscribe to *unUsual Suspects*
Keywords: None
Views: 438
Comments: 8

$376 Billion in Chinese Agency Bond Holdings Subject to Taxpayer Bailout Proposals According to FreedomWorks Analysts

Last update: 11:08 a.m. EDT July 11, 2008

WASHINGTON, Jul 11, 2008 (BUSINESS WIRE) -- As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.

The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium. In total foreign investors hold over $1.3 trillion in these agency bonds, according to the U.S. Treasury's most recent "Report on Foreign Portfolio Holdings of U.S. Securities."

FreedomWorks President Matt Kibbe commented, "The prospectus for every GSE bond clearly states that it is not backed by the United States government. That's why investors holding agency bonds already receive a significant risk premium over Treasuries."

"A bailout at this stage would be the worst possible outcome for American taxpayers and mortgage holders, who have been paying a risk premium to these foreign investors. It would change the rules of the game retroactively and would directly subsidize the risks taken by sophisticated foreign investors."

"A bailout of GSE bondholders would be perhaps the greatest taxpayer rip-off in American history. It is bad economics and you can be sure it is terrible politics." Subscribe to *unUsual Suspects*

Post Comment   Private Reply   Ignore Thread  

#1. To: DeaconBenjamin (#0)

Then there is news of the IndyBank failure yesterday.

Get those uninsured deposits OUT now, people.

AIPAC/PNAC/ADL/NAACP/FEDERAL RESERVE/SPLC/JINSA/ACLU/CHRISTIAN ZIONISTS/AEI/FEDERAL MEDIA & HOLLYWOOD: Think about it.

wbales  posted on  2008-07-12   10:35:30 ET  Reply   Trace   Private Reply  

Get those uninsured deposits OUT now, people.

W...

The "insured" is only good for less than two percent if the system crashes. In other words, your money is insured, to a point. If many fail, you are out.

Cynicom  posted on  2008-07-12   10:39:16 ET  Reply   Trace   Private Reply  

"A bailout at this stage would be the worst possible outcome for American taxpayers and mortgage holders, who have been paying a risk premium to these foreign investors. It would change the rules of the game retroactively and would directly subsidize the risks taken by sophisticated foreign investors."

"A bailout of GSE bondholders would be perhaps the greatest taxpayer rip-off in American history. It is bad economics and you can be sure it is terrible politics."

Therefore, it's inevitable.

Esso  posted on  2008-07-12   11:11:32 ET  Reply   Trace   Private Reply  

Cash is trash! Immediately CONVERT what you have into things you will need and can barter with. We're beyond changewehope as this predestined collapse see saws all the way down. Go rural, stock up on food-water-firearms, etc.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

Rotara  posted on  2008-07-12   12:57:28 ET  Reply   Trace   Private Reply  

repeating ......

As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.

The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium. In total foreign investors hold over $1.3 trillion in these agency bonds, according to the U.S. Treasury's most recent "Report on Foreign Portfolio Holdings of U.S. Securities."

FreedomWorks President Matt Kibbe commented, "The prospectus for every GSE bond clearly states that it is not backed by the United States government. That's why investors holding agency bonds already receive a significant risk premium over Treasuries."

"A bailout at this stage would be the worst possible outcome for American taxpayers and mortgage holders, who have been paying a risk premium to these foreign investors. It would change the rules of the game retroactively and would directly subsidize the risks taken by sophisticated foreign investors."

"A bailout of GSE bondholders would be perhaps the greatest taxpayer rip-off in American history. It is bad economics and you can be sure it is terrible politics."

trying to connect some dots for myself. I'm thinking these fraudulent "loans" [Banks don't lend money....our promise to pay $100,000 allows the banksters to print up $100,000 in phoney FRN's and add the $100,000 to their account, and proceed to charge us usury for the "privilege" of being DEFRAUDED and screwed.] were/are owned mainly by the City of London which has been trying to destroy us for hundreds of years. They "sold" their interest [or appeared to...see below] to China, Japan, et al by packaging these phony instruments now to be backed by the US Government [read: DOWNTRODDEN, ABUSED AMERICAN TAXPAYERS], and "selling" them to a front group, all the while retaining controlling interest.

Do these investors trade under the name Capital Group, perhaps? I'm noting "total foreign investors hold over $1.3 trillion in these agency bonds."

Capital Group claims $1.4 trillion. Is "Capital Group" a front for Barclays and other City of London Banksters??

Over here:

".... Very special treatment

The market and ratings agencies have treated Fannie and Freddie as bulletproof, even though the actual business of dealing with interest sensitive loans is very risky. This is in large part because of the very special perks granted to the mortgage giants, but to no one else.

Each may borrow up to $2.25 billion direct from the Treasury. **** They are exempt from state and local income taxes and from Securities and Exchange Commission registration requirements and fees. And they can use the Federal Reserve as their bank.

One result of all this special treatment was AAA credit ratings. That means Fannie and Freddie could borrow at super-low rates, a benefit they used to purchase - and hold -high-yielding mortgage loans. The spread between the two provided an irresistible earnings stream and the companies just kept getting bigger.

The mortgages they hold on their books alone total about $1.4 trillion, said Mike Stathis, managing Principal of Apex Venture Advisors, a research and advisory firm.

In the meantime, the companies were allowed to operate in this manner, piling on risk after risk, with virtually no capital cushion......"

The $5 Trillion Mess http://freedom4um.com/cgi-bin/readart.cgi?ArtNum=83488

[elsewhere they stated they have recently come up with a capital cushion. I wonder if that capital has anything to do with the fraudulent "loans" they have been pushing the past several months, where they take down payments from Americans to set them up in some more phony loans. I can't tell you how many phone calls I have received in the last few months soliciting takers for fixed-rate, 30-YEAR, FANNIE MAE LOANS, GUARANTEED BY THE US GOVERNMENT. They were raking in their cash, all the while knowing they were going down, but they could pass the debt on to American taxpayers. These people should be on the Most Wanted List, and bounties placed on their miserable heads.]

from the http://greatreddragon.com:

Commentary - 03/23/2008

Who Controls Our Major Mortgage Corporations Now?

Obviously, the large mortgage holders are, and have been, in the news. This update reflects recent news such as this article, describing "Fannie, Freddie Shares Soar After Restraints Loosened" versus previous articles such as article on Bloomberg "Freddie, Fannie Shares Will Continue to Slide, Jim Rogers Says." After reviewing the significant changes in Major Holders, especially with Capital Group loading the boats with Fannie Mae stock, and adding to its holdings of Countrywide and Freddie Mac. **** At the same time, it looks like Barclays and Associates have been unloading their boats.

The most significant change has been Capital Group's sharp rise in ownership in the last six months, and interesting reductions in Barclays/Associates.

[sorry I don't know how to make these line up, but note how Barclays has been shifting their holdings over to Capital Group! http://greatreddragon.com/commen..._WhoControlsMortgages.htm ]

Capital Group Barclays Associates

Company 12/31/07 06/30/07 12/31/07 06/30/07

Countrywide 35.61% 0.00% 24.42% 32.90%

Freddie Mac 32.00% 12.25% 14.76% 15.10%

Fannie Mae 73.14% 18.42% 10.52% 27.89%

Looking deeper, the Major Holders who control those mortgage companies have certainly got their hands full. Countrywide, Freddie Mac and Fannie Mae are the three largest players in the mortgage game and you'll find the TOP 10 holders of each company below. [ATKHWDI NOTE: Click on any of the blue links for various companies, and note the actual percentage owned/controlled by BARCLAY's] For the sake of many of our country's retiring boomers, I sure hope Capital Group has made the right choices. So far, so good.

There are also two rating agencies that oversee this marketplace, Standard and Poors and Moody's. They were detailed in a previous commentary, CIT/FreddieMac - All In The Family. Perhaps this is why Capital Group didn't load up as much on Freddie Mac.

As mentioned last year here, very little has changed since 1889 when the Great Red Dragon book was published, except that a greater amount of power has been concentrated into fewer hands. With Capital Group controlling over $1.4 TRILLION of investments, and that they've become significant holders in our largest mortgage companies, shouldn't we know more about who's calling the shots? One thing I'd like to know is this: **** Is Capital Group's high-ranking executive, David C. Barclay, related in any way to Barclays Bank??? Google it yourself. Also google Abner Goldstine. Here's one summary.

One last thing: Did you know about the Federal Home Loan Banks? [see embedded link] Perhaps it's just being naive, but it sure reads to me like another version of the Federal Reserve Banks. Simply trying to cover the bases here, as its shares are NOT publicly traded and it is a members-only club.

In my opinion, there's just too much secrecy in both business and government, which makes it very easy for people to lie, steal and murder.

Perhaps that's why: Sometimes The Dragon Wins

http://greatreddragon.com/commen..._WhoControlsMortgages.htm

see also:

Who's Who in the Housing & Mortgage Bubble at The Catherine Austin Fitts Blog

"....

Given the interest in the housing and mortgage bubble, here are links to introduce leading institutional players in the governance, regulation and credit guarantee/enhancement of the US mortgage market.

As the housing and mortgage bubble was a component of the “strong dollar policy,” the same players are also present in the other components, including the suppression of the gold price (a necessary step that preceded this bubble as the suppression of the gold price turns off the financial “smoke alarm”) and the refusal to produce audited financial statements for the US government from fiscal 1995 to date (as required by law) thus allowiing trillions to go missing from the US government....."

http://www.solari.com/blog/?p=256

http://greatreddragon.com/commen...herineAustinFitts.htm#CFC

=====================

"....The Capital Group companies conduct investment research and management activities and provide related services from offices around the world:

Atlanta, GA. Chicago, IL. Geneva, Switzerland. Hampton Roads, VA. Hong Kong. Indianapolis, IN. London, U.K. Los Angeles, CA - Downtown Los Angeles, CA - West . New York, NY. Orange County, CA. Phoenix, AZ. Reno, NV. San Antonio, TX. San Francisco, CA. Singapore. Tokyo, Japan. Toronto, Canada. Washington, D.C.

http://www.capgroup.com/about_us/office_locations.html

"....It's about the investor. Individuals, families, businesses and institutions look to our companies to guard and grow their hard-earned money. Whether in North America, Europe or Asia, investors and their advisers find their way to us and tend to stay. Why? Quality service and investment results......"

"....It may look like we're buying stock. But we think of it as if we're buying whole companies. Buying a stock suggests a quick decision. Buying a company reflects intensive research to assess long-term potential — its product, services, leaders and competitors. Our approach? Discover it early, buy it and wait.

* Read more about our investment philosophy...."

http://www.capgroup.com/about_us/

TIMELINE:

"....Throughout the years, the companies within The Capital Group have grown in both depth and breadth, with 9,000 associates worldwide now serving the investment needs of individuals and institutions.

Here's a look at our organization's history and its pioneering endeavors in the investment management field:

1930s / 1940s / 1950s

1931

Capital's first company, Capital Research and Management Company, is founded by Jonathan Bell Lovelace in Los Angeles. Three years later, it begins managing The Investment Company of America, the first mutual fund of what will become the American Funds family.

1943

We open an office in New York.

1953

Capital becomes one of the first U.S.-based firms to invest outside of North America.

1960s

1962

Capital opens an office in Geneva — our first investment office outside the U.S.

1965

Our Geneva office creates the Capital International market indices (now known as the Morgan Stanley Capital International indices) — the first set of stock market indices for non-U.S. markets.

The same year, Capital companies reach US $1 billion in assets under management.

1968

A new company is formed to serve large institutional clients in the U.S. — Capital Guardian Trust Company. We establish our own record keeping company to serve U.S. mutual fund shareholders — American Funds Service Company.

1970s

1970

Our Geneva-based affiliate, Capital International S.A., begins managing global funds distributed outside the U.S. (Capital Italia and Capital International Fund).

1974

Our companies start managing retirement plans based outside the U.S. and begin serving wealthy individuals through the Personal Investment Management division of Capital Guardian Trust Company.

1978

Capital Guardian begins management of non-U.S. assets for U.S. institutional clients.

1979

Our London office is established (Capital International Limited).

1980s

1982

A Tokyo office is established (Capital International K.K.) — our first in Asia — followed by Hong Kong (1983) and Singapore (1989), both of which house operations for Capital International, Inc.

1983

Our first dedicated shareholder service center for American Funds opens in Brea, California, followed by offices in San Antonio (1990), Hampton Roads, Virginia (1992), Indianapolis (1994), Phoenix (2004) and Irvine (2007).

1985

Assets managed by Capital Group companies reach US$25 billion.

1986

Capital launches an emerging markets growth fund — the first of its kind — when the World Bank wants a way for institutions to invest in developing nations.

1990s

1995

Assets managed by the Capital Group companies pass US$200 billion.

1998

Toronto office opens.

2000s

2000

Capital begins offering investment management services for individuals in Canada.

2002

American Funds further expands its presence in the retirement plan market and becomes the leading provider of 529 college savings plans.

2003

Capital begins offering investment management services for individuals in Europe.

2004

New shareholder service center opens in Phoenix.

2005

A temporary office opens in Irvine, California, in preparation for our new Irvine campus (opening in 2007).

2006

Capital launches its 30th American Fund, the Short-Term Bond Fund of America (STBF).

2007

Our Irvine, California, campus opens. Home to more than 2,000 associates, the 34.2 acre site brings our total offices worldwide to 19.

Capital begins offering investment management services for individuals in Japan."

http://www.capgroup.com/about_us/timeline.html

"THE CAPITAL GROUP COMPANIES:

OUR HISTORY

The year was 1931, and Capital Research and Management Company — the original Capital company — was newly organized. At that time, the stock market crash of 1929 had left many investors almost penniless, and the country was still embroiled in the worst depression in American history. Widespread pessimism over the future of business hovered like a threatening black cloud. Meanwhile, more than 40% of the banks had closed and one out of every four Americans found themselves out of work.

But in California the founder of the Capital organization, Jonathan Bell Lovelace, emerged almost unscathed from the market crash and subsequent depression. During the Roaring '20s, JBL (as he came to be called within the company) spent much of his time at the investment banking/brokerage firm of E.E. MacCrone & Co. in Detroit, developing his investment research techniques and earning a reputation for achieving impressive investment results. By 1929 he could see no logical relationship between stock market prices and their underlying values.

It turns out he was right. But he had been unable to convince his associates at MacCrone that there was risk of a major downturn. So he sold his 10% interest and withdrew from the firm in the late summer of 1929, left Detroit, and took most of his personal investments out of the market and the firm well before the worst of the market losses occurred.

JBL then moved to California, where within two years he again entered the financial world. This time it was through his own business.

In 1932, a year after JBL founded Capital, trustees of a closed-end investment trust called The Investment Company of America (ICA) approached JBL to help reorganize the trust, which he had helped form in 1926 when he had been at MacCrone & Co. It was a complicated situation, but after extended discussions, JBL agreed, and the reorganized ICA began operations in December 1933 under Capital's management. In 1939 shareholders approved a change to an open-end mutual fund, and ICA went on to become one of the largest and most successful mutual funds in the world — and the flagship of American Funds.

In the beginning, the company consisted primarily of JBL, several former associates from his Detroit years and a handful of consultants. Since those early years, many more individuals and events have played major roles in shaping Capital's history. And the small company founded in 1931 has grown into a thriving global investment management complex."

http://www.capgroup.com/about_us/our_history.html

================

We're being set up for eternal slavery or invasion by these folks who bought The City's bill of goods [crap].

This, btw, is all very prophetic.

The City and the British Empire and their Presidential cousins and their cohorts in the judicial [Babylonian] system, are who are being talked about in Genesis 15:13-14 and Psalm 2.

God said He would bring all nations to JerUSAlem to battle, so that the heathen would know Him, and we would finally be free.

======================

add'l:

".... EXCERPTS from my post Lord Mayor's Show - GOG AND MAGOG http://www.freedom4um.com/cgi-bin/readart.cgi?ArtNum=60690 re: the INTERNATIONAL BANKSTERS OF THE CITY OF LONDON ALSO KNOWN AS THE GREATREDDRAGON:

"Commentary - 10/16/2006

Global Economic War!

Well, it finally happened. We have been served notice that global economic warfare has not only been going on, but with arrogance that statement of fact is now being broadcasted. This morning, watching the Squawk Box while at the gym, I saw that Barclays was running their ad of "quietly conquering the world of finance." Has there ever been a more subtle pronouncement of "economic war?"

When I got to the office, I immediately googled "Barclay + conquering" and not only did they run the ads, they have the web site http://"quietlyconquering.com" up and running now. You can see there that this "slogan" has become their trademark. It may have been there for awhile, but I had never seen it before today.

This would not have seem such an arrogant statement if I had not been working on these "who controls what" pages for so long. And just yesterday, while reading an outstanding piece of work just released by F. William Engdahl titled "Crisis of the U.S. Dollar System," his quote by Henry Kissinger struck me as another "hint" at the "real war." At the bottom of Engdahl's essay is the following:

"As Henry Kissinger once noted,

"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world."

What is also interesting is that Clan Barclay's crest is "Either Action Or Die!" This would bear little interest except for the fact that in another recent article, this one by Antal E. Fekete titled "When Atlas Shrugged-Part Two: Gibson's Paradox And The Gold Price," Antal states that Barrick's new battle cry is: "Acquire or Die." And just who controls Barrick? Find out here! For me, a chilling coincidence and the seriousness of all past financial deals that have been done.

The point is, control of American businesses is rapidly being consolidated into a few foreign hands, and they are also doing so at "frantic" pace. Damn any of the promises that had been made, such as retirement benefits, health care and pensions. And why is this being done? To "own the earth in fee simple."

Perhaps we should start calling "globalization" by its real name, "Barclayization." This is not a hate piece against Barclays, for there are other "families" involved in which I am not privileged to know about. I only see their imprints. Several that comes to mind is AXA, Fidelity, and Capital Group. All are so secretive that little is known about them except for their major holdings in major US corporations. How secretive are they? Here's one example!

You can do the same lookup on any public corporation and see for yourself who controls what. You will also see that some of the major holders are hardly nothing more than a "front" for another, more powerful group. Simply find out who the major holders of the major holders are and you will see for yourself. All of these "sub" companies and other "fronts" simply make it easier to deceive the public as to their true ownership and amount of control.

While doing this, remember that it only takes 10%, sometime less, sometimes more, of the stock to "control" a widely-held corporation. Especially when management and insiders show little or zero ownership. The key executives, as hirelings, simply take their marching orders and their outlandishly-large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they are simply replaced by another "aggressive leader." Be sure to click on the company's stock letters to check on these "Key Executives," the sums they were paid last year and the stock options they cashed.

Another problem we're now facing is the growth of private-equity groups, which don't have to make the same disclosures as publicly-held groups. This is why they keep gaining up on the SEC to "prevent" disclosure and accountability. This story appeared September 1, 2006: Buyout Firms Join Lobbying Efforts. I have no illusions that they are simply another type of "Snakes In Suits."

I have come to the conclusion there is only one sure way to fight back, for your own survival and for those you care about. They don't own everything, yet! But the end-game is surely getting close, if not already at hand. I like to think of that old saying, "The whale only gets harpooned when it spouts!" We, by ourselves, must take quiet, personal action to avoid losing that which we still have left. There will be no "clash of the titans" to make everything "right."

One last thing: If you found this information valuable, please help support this site so that this information stays available for those who will pass this way after you.

© 2006 by Edward Ulysses Cate"

http://www.greatreddragon.com/co...016_GlobalEconomicWar.htm ....."

The Rising Son of the House of JP Morgan.

http://www.freedom4um.com/cgi-bin/readart.cgi?ArtNum=71068

more "dots" regarding Barclay's here: http://www.freedom4um.com/cgi-bi...?ArtNum=73505&Disp=40#C40

A few more relevant Biblical passages:

Isa 52:3 For thus saith the LORD, Ye have sold yourselves for nought; and ye shall be redeemed without money......

http://www.blueletterbible.org/kjv/Isa/Isa052.html#3

Mic 4:11 Now also many nations are gathered against thee, that say, Let her be defiled, and let our eye look upon Zion.

Mic 4:12 But they know not the thoughts of the LORD, neither understand they his counsel: for he shall gather them as the sheaves into the floor.

Mic 4:13 Arise and thresh, O daughter of Zion: for I will make thine horn iron, and I will make thy hoofs brass: and thou shalt beat in pieces many people: and I will consecrate their [ILL-GOTTEN] gain unto the LORD, and their substance unto the Lord of the whole earth.

http://www.blueletterbible.org/kjv/Mic/Mic004.html#13

http://www.blueletterbible.org/tsk_b/Mic/4/13.html

=================

something else to think about:

The Bankruptcy of the United States [ http://www.apfn.net/Doc-100_bankruptcy.htm ], and Traficant Set Up for bucking the system:

".....The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government. The Federal Reserve is a maritime lender, and/or maritime insurance underwriter to the federal United States operating exclusively under Admiralty/Maritime law. The lender underwriter bears the risks, and the Maritime law compelling specific performance in paying the interest, or premiums are the same.

Assets of the debtor can also be hypothecated (to pledge something as a security without taking possession of it) as security by the lender or underwriter. The Federal Reserve Act stipulated that the interest on the debt was to be paid in gold. There was no stipulation in the Federal Reserve Act for ever paying the principal.

Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until Federal Reserve Act (1913).

"Hypothecated" all property within the federal United States to the Board of Governors of the Federal Reserve, - in which the Trustees (stockholders) held legal title, the U.S. citizen (tenant, franchisee) was registered as a "beneficiary" of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their "subjects," the 14th. Amendment U.S. citizens, to the Federal Reserve System.

In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit "money substitute" it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as condition of the loan. Since the federal United States didn't have any assets, they assigned the private property of their "economic slaves," the U.S. citizens, as collateral against the unpayable federal debt. They also pledge the unincorporated federal territories, national parks forest, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers. ....."

http://www.apfn.org/apfn/traficant.htm

"What is a beneficiary of a trust?

Describes basic categories of the exercises of the beneficiaries' rights, two main categories of sequential interests of a beneficiary, the two beneficiaries from the trustees perspective.

Beneficiary of a Trust

The Beneficiary is the reason for your Trust (contract). Your Beneficiary is the person who will enjoy the benefits of your Trust assets. They include, wives, children, grandchildren, charitable organizations of every color and variety.

The length of your Beneficiary is unlimited. The Beneficiary could include the original Grantor, but that would be self-defeating. Trusts should be irrevocable. The Grantor gives-up his assets [ATKHWDI NOTE: Assets? Did someone say "Assets"? ....."Like any other debtor, the federal United States government had to assign collateral and security to their creditors as condition of the loan. Since the federal United States didn't have any assets, they assigned the private property of their "economic slaves," the U.S. citizens, as collateral against the unpayable federal debt. They also pledge the unincorporated federal territories, national parks forest, birth certificates, and nonprofit organizations, as collateral against the federal debt. "] to gain asset protection, elimination of probate, elimination of estate taxes and gain certain uncommon tax advantages. Any degree of control by the Grantor will render the Trust revocable and subject to court discretion.

[Who is the "Grantor"? The treasonous US Govt which exercises control for their British overlords?? Someone please explain?]

The period of time of the trust depends on the selection of your Trust's legal jurisdiction. Most states and countries have rules against "perpetuities." That's to say, that your trust must have an end. Selection of your trust's jurisdiction in the United States or outside the United States depends on the degree of risk to be assumed by you. Foreign Asset Protection Trusts (FAPT) are significantly stronger than domestic Trusts. Judgments are generally not enforceable outside the United States.

Categories of the Beneficiary of a Trust

There are two basic Trusts with regards to the exercises of the Beneficiaries' rights:

1. Beneficiaries of a Bare Trust (aka as a Simple Trust) is where the Beneficiary is entitled to take actual ownership and control of the Trust and has the right to the income and capital. The Trustees, in this case, act in accordance with the Beneficiaries' wishes.

2. Beneficiaries of an Express Trust are Trusts whereby the Trustee is given additional duties and powers assigned in the Trust Deed. The Express Trust can be either an Inter Vivos Trust, which is a Trust created during the life of the Grantor, or the Express Trust can be a Testamentary Trust, which is a Trust enacted after the death of the Grantor (aka as the Will Trust).

When there are issues of sequential interests involved such as tax implications,

it's important to note the two main sequential Beneficiary categories:

1. Beneficiaries with a vested interest such as Tenants For Life. The Tenant For Life is where the Beneficiary owns the property or asset for the duration of that person's life. However, upon the death of the Beneficiary the ownership ends. Because the property ends upon the death of the Beneficiary, he cannot leave it to heirs nor can the property be inherited from the Beneficiary.

[ATKHWDI Note: Maybe this is why all the chemtrails in our air, flouride and other poisons in our water and food, abortion, death by cannon fodder, and all the rest of it.]

2. Beneficiaries with a contingent interest such as Remaindermen. A Remainderman is entitled to a future interest called a Remainder in the property. So a Remainderman is a person who will inherit property upon the death of the former owner which, in this case, be a Tenant For Life owner. For example, the grantor states in the Trust Deed the property will be granted to "Joe for life then to Susan." Susan is the Remainderman.

Where the Trustee is concerned, there are two main types of Beneficiaries:

1. Fixed Beneficiaries who simply have a fixed entitlement to the income and capital from the Grantor.

2. Discretionary Beneficiaries to whom the Trustees have discretionary and decision-making powers to the entitlements.

The Trust Contract

The Trust document (contract) can be as little as three pages and as long as fifty pounds of paper. The more complicated you make the Trust, the more complicated it is to administer. Simplicity is the key.

Trust assets may include, your personal residence, your investment account, other real estate or your business limited only by your valuable assets you wish to contribute to your trust.

The Trust generally obtains a federal identification number and files it's own tax return. Distributions to Beneficiaries may or may not be taxable depending on the nature of the underlying assets.

Finally, a Trust may be a business, however it's difficult for others to do business with you, since the trust is really a "private contract" between the Grantor, the Trustee and your Beneficiaries. Your business partners would more likely ask for a complete copy of the Trust agreement and they would have their attorney look it over. As a consequence, most will not do business with a Trust, but they will do business with other recognized legal entities such as a Limited Liability Company, Corporation, Partnership, etc. for which the trust may own. Understand these Important Facts on Trusts:

A Trust is a form of ownership, which is controlled and managed by your designated "independent" Trustee, that completely separates responsibility and control of Trust assets from your benefits of ownership; in other words, you no longer own or control your assets. The IRS recognizes numerous types of Trusts and other legal arrangements commonly used for wealth preservation and legal protection against potential lawsuits, elimination of probate and elimination of estate.

Grammar notations: please note that I have capitalized words such as Grantor, Revocable Living Trust, Trust, Beneficiary, Trustee for easier reading and emphasis on these words. Grammatically, they should be in lower case.

Rocco Beatrice, CPA, MST, MBA, Managing Director, Estate Street Partners, LLC. Mr. Beatrice is an asset protection, award-winning trust and estate planning expert.

http://www.ultratrust.com/beneficiary-of-trust.html

For starters, the Federal Reserve has never paid any income tax on OUR TRUST. Back taxes, penalties and interest and a little jail time might take care of that. That might even clear up the national debt...ya think?

At any rate, this whole system was based on fraud. The American people were never informed of the fraud the banks and the US Government was foisting on them. Rather than perpetuating this fraud, the American people need to rise up and throw the shackles off, and make these jackals pay and clean up their own mess.

Finally, if they ram this travesty down our throats, the taxes they pile on taxes upon taxes to "pay" for it, would go strictly to pay these thieves more of our hard-earned money. According to the Grace Commission, NOT ONE CENT PAID TO THE IRS GOES TOWARD THE UPKEEP OF THIS NATION. IT IS ALL INTEREST PAID TO THESE BANKSTERS ON THEIR FRAUDULENT DEBT:

"....Resistance to additional income taxes would be even more widespread if people were aware that: ......100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government....."

Grace Commission Report http://www.uhuh.com/taxstuff/gracecom.htm

It's time for throwing the money-changers out of the Temple.

"...as long as there..remain active enemies of the Christian church, we may hope to become Master of the World...the future Jewish King will never reign in the world before Christianity is overthrown - B'nai B'rith speech http://www.biblebelievers.org.au/luther.htm / http://bible.cc/psalms/83-4.htm

AllTheKings'HorsesWontDoIt  posted on  2008-07-13   15:36:32 ET  Reply   Trace   Private Reply  

The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium.

I can understand Japan and China holding so much of Freddie and Fannie Mae debt, but who would have thunk "Cayman Islands" and "Luxembourg" and "Belgium" ??? What's that all about???

a. Are Belgium and Luxembourg synonymous for "the EU"?

b. What people/nations do the banks in the"Cayman Islands" represent - surely Cayman Islands' nationals are not that rich themselves?

Deacon, please explain this to me if you know - I'm not up to speed on int'l financial intrigue.

scrapper2  posted on  2008-07-13   16:05:01 ET  Reply   Trace   Private Reply  

Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House: "Mr. Speaker, we are here now in chapter 11.. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government........

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause, dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: "The U.S. Secretary of Treasury receives no compensation for representing the United States." ........"

If Rothschild et al signed off on the debt, what are those people still doing in our houses in DC??? Is this what Rockefeller meant when he said Americans would soon be free? Somebody please explain to my pea brain what is going on.

================

oops. think i meant to put this over here:

V.K. Durham and the $206,858,581,465,280,000,000.00 Gold Swindle

freedom4um.com/cgi-bin/readart.cgi?ArtNum=83560

"...as long as there..remain active enemies of the Christian church, we may hope to become Master of the World...the future Jewish King will never reign in the world before Christianity is overthrown - B'nai B'rith speech http://www.biblebelievers.org.au/luther.htm / http://bible.cc/psalms/83-4.htm

AllTheKings'HorsesWontDoIt  posted on  2008-07-13   18:30:33 ET  Reply   Trace   Private Reply  

b. What people/nations do the banks in the "Cayman Islands" represent - surely Cayman Islands' nationals are not that rich themselves?

Deacon, please explain this to me if you know - I'm not up to speed on int'l financial intrigue.

I'm not up to speed either. Ran across an interesting link late last night. See Cayman Islands and Parmalat. Don't know if this is the connection, or not. It doesn't talk about mortgages per se, but the banks' participation in the derivatives market that followed the housing red ink.

Fraudulent U.S. Bank Derivatives Behind Parmalat's Insolvency by Michael Edward

http://www.worldvisionportal.org/WVPforum/viewtopic.php?t=176

Talk about financial intrigue!

"...as long as there..remain active enemies of the Christian church, we may hope to become Master of the World...the future Jewish King will never reign in the world before Christianity is overthrown - B'nai B'rith speech http://www.biblebelievers.org.au/luther.htm / http://bible.cc/psalms/83-4.htm

AllTheKings'HorsesWontDoIt  posted on  2008-07-14   13:28:20 ET  Reply   Trace   Private Reply  

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