[00:00.000 --> 00:10.760] Massachusetts lawmakers are considering giving public health officials the authority to isolate [00:10.760 --> 00:17.400] individuals and set up quarantines to contain the outbreak of serious contagious diseases. [00:17.400 --> 00:21.800] The bill would also give the Public Health Commissioner the power to evacuate public [00:21.800 --> 00:26.360] buildings and close access to contaminated areas. [00:26.360 --> 00:31.880] A suicide car bomb exploded outside the Indian Embassy in Afghanistan Thursday, killing at [00:31.880 --> 00:35.240] least 17 people and wounding 83. [00:35.240 --> 00:40.160] A Taliban spokesman claimed responsibility, but the attack appeared similar to one in [00:40.160 --> 00:46.800] July 2008, which U.S. intelligence officials believe Pakistan's intelligence agency helped [00:46.800 --> 00:48.360] plan. [00:48.360 --> 00:53.040] According to a new poll, many Americans have been putting off doctor's visits, medical [00:53.040 --> 00:59.360] tests and taking expired medications to save money. [00:59.360 --> 01:04.920] The American Civil Liberties Union said Wednesday a little-noticed provision in a Homeland Security [01:04.920 --> 01:11.040] funding bill could end efforts to make public photos of prisoners abused in U.S. custody [01:11.040 --> 01:12.320] abroad. [01:12.320 --> 01:17.120] Congress members have added a provision to the bill that would make such photos exempt [01:17.120 --> 01:19.480] from the Freedom of Information Act. [01:19.480 --> 01:25.440] The measure strikes at the heart of the ACLU's efforts to make public some 2,000 photos [01:25.440 --> 01:27.520] of alleged abuse. [01:27.520 --> 01:33.720] In 2005, a U.S. District Court judge ordered the photos released, but the Bush administration [01:33.720 --> 01:35.280] appealed the ruling. [01:35.280 --> 01:40.760] In 2008, an appeals court upheld the ruling and again ordered the photos released. [01:40.760 --> 01:46.080] At first, the Obama administration said it would comply with the ruling, but the administration [01:46.080 --> 01:50.640] reversed itself and asked the Supreme Court to hear the case. [01:50.640 --> 01:55.520] The court will decide Friday if it will hear the case, but legal efforts could be scuttled [01:55.520 --> 02:00.240] if the funding bill is passed. [02:00.240 --> 02:05.240] Representative Charlie Wilson, the man whose adopted mission to save Afghanistan from the [02:05.240 --> 02:11.720] Soviet incursion in the 1980s, spawned the notion of Afghan freedom fighters, a book [02:11.720 --> 02:16.000] and a Hollywood movie, now says we need to get out of Dodge. [02:16.000 --> 02:21.000] Wilson says he advocates a calculated withdrawal of American troops rather than lose a lot [02:21.000 --> 02:23.360] of soldiers and treasure. [02:23.360 --> 02:28.360] During the heated debate over whether Barack Obama should commit more U.S. troops, Wilson's [02:28.360 --> 02:30.760] words are significant. [02:30.760 --> 02:34.920] Wilson was a passionate defender of the Afghan people's right to self-government and his [02:34.920 --> 02:40.520] saying we should pull out is starkly different from typical anti-war sentiment. [02:40.520 --> 02:45.280] Wilson stated why we cannot beat the enemy in Afghanistan, quote, I'd rather take on [02:45.280 --> 02:49.040] a chainsaw, they're the world's best foot soldiers. [02:49.040 --> 02:53.320] Wilson added they're fearless, they've got nothing to lose and they have a pretty serious [02:53.320 --> 03:21.880] hatred for those who try to occupy their country. [03:53.720 --> 03:56.280] what you gonna do when they come for you? [03:56.280 --> 04:01.480] when you were eight and you had bad dreams, you'd go to school and learn the golden rule, [04:01.480 --> 04:04.400] so why are you acting like a bloody fool? [04:04.400 --> 04:07.120] if you get high and you must get cruel! [04:07.120 --> 04:12.440] bad boys, bad boys, what you gonna do, oh what you gonna do when they come for you? [04:12.440 --> 04:18.240] bad boys, bad boys, what you gonna do, oh what you gonna do when they come for you? [04:18.240 --> 04:22.400] you chuck it on that one, you chuck it on this one, you chuck it on your mother and [04:22.400 --> 04:26.440] you chuck it on your father, you chuck it on your brother and you chuck it on your sister, [04:26.440 --> 04:29.000] you chuck it on that one and you chuck it on me! [04:29.000 --> 04:33.000] bad boys, bad boys, what you gonna do, oh what you gonna do when they come for you? [04:33.000 --> 04:40.920] all right, bad boys, bad boys, what are you gonna do when we come for you? [04:40.920 --> 04:47.320] this is the rule of law, Randy Kelton and Deborah Stevens, Eddie Craig joins us on Mondays [04:47.320 --> 04:49.280] and Fridays. [04:49.280 --> 04:54.920] all right, tonight Randy has some material for you, he's going to be discussing fraud [04:54.920 --> 05:01.280] in the mortgage industry, but before that I wanted to read this article, Randy may find [05:01.280 --> 05:09.080] interesting, not sure, you know, if this lawsuit is going to go anywhere, but Randy I just [05:09.080 --> 05:13.800] wanted to see what you think about this, there is a former lieutenant colonel suing the state [05:13.800 --> 05:21.520] of Florida over a forced vaccination policy, let me just read this to you, this is on InfoWars, [05:21.520 --> 05:28.720] this actually came from a mainstream media, Acalusa County in Florida, channel 3 in Acalusa [05:28.720 --> 05:36.560] County, former lieutenant colonel almost died from taking a smallpox shot is suing the state [05:36.560 --> 05:42.560] of Florida over a law that allows the government to forcibly vaccinate the public in the event [05:42.560 --> 05:49.080] of a pandemic, Carmen Reynolds claims that the vaccination she was forced to take during [05:49.080 --> 05:54.800] her 20 year military career destroyed her body builder physique and also wrecked her [05:54.800 --> 06:01.920] internally causing excruciating pain and permanently damaging her immune system, the Florida law [06:01.920 --> 06:08.640] mandating forcible vaccinations in the event of a public health emergency makes no exceptions [06:08.640 --> 06:15.760] for religious objections or health conditions and allows for police force to be used, boy [06:15.760 --> 06:20.960] that's a typo there, allows for the police force to be used to quarantine individuals [06:20.960 --> 06:28.600] who refuse to take the shots or even forcibly inject them at gunpoint if necessary, quote, [06:28.600 --> 06:35.240] I refuse to be killed by another vaccine, stated Reynolds who is suing Florida's governor, [06:35.240 --> 06:40.800] attorney general and surgeon general over the law, quote, I served my country for 22 [06:40.800 --> 06:45.800] years not to be told that I'm a criminal, a second degree misdemeanor offender because [06:45.800 --> 06:51.360] I raised my hand and said this isn't right, I don't want toxins in my body because it [06:51.360 --> 06:58.040] jeopardizes my health, Reynolds told ABC 3 News, at a court hearing in Milton this week [06:58.040 --> 07:03.720] Reynolds was granted a continuance until December 1st to find an attorney but the attorney general's [07:03.720 --> 07:09.800] office has filed a motion to dismiss the case arguing that Reynolds has not been directly [07:09.800 --> 07:15.720] affected by the law, similar laws are on the books across America and could easily be enforced [07:15.720 --> 07:21.560] should the swine flu pandemic return in the form of a deadlier mutation as officials have [07:21.560 --> 07:30.240] been saying is likely to happen, ooh big scare, well I have a few issues with this situation [07:30.240 --> 07:35.800] here with this woman, number one she's suing the state of Florida because she was forced [07:35.800 --> 07:41.640] to take vaccines when she was in the military, I don't think that's applicable, I mean because [07:41.640 --> 07:46.960] if she's suffering damage from being forced to take vaccinations in the military she should [07:46.960 --> 07:51.120] be suing the military and number two I don't even think she could sue the military because [07:51.120 --> 07:59.360] when you join up into the military you basically agree to hold them free from harm for whatever [07:59.360 --> 08:05.640] they do to you as far as vaccinations or experimental medical procedures, no I think you missed the [08:05.640 --> 08:13.600] point, she wasn't suing the state of Florida because she was injured, she was suing the [08:13.600 --> 08:22.320] state of Florida and used the fact that she was injured by vaccines as cause not to be [08:22.320 --> 08:27.360] forced to do it again, okay well then that's different, she's just using that as some kind [08:27.360 --> 08:34.920] of historical evidence, okay but there is a point here if the opposing side is saying [08:34.920 --> 08:41.080] that she hasn't been damaged yet so she's got nothing to sue over then that, she could [08:41.080 --> 08:48.840] sue however if they're going after her, if they're prosecuting her for not taking the [08:48.840 --> 08:53.960] vaccine, if that's what's going on, it doesn't say that she's under prosecution but that [08:53.960 --> 09:04.800] sort of sounds like that's what's going on, well they haven't instituted it yet but all [09:04.800 --> 09:12.000] the law is predicated by the reasonable person standard, well they may have instituted it [09:12.000 --> 09:19.600] yet that's what I'm saying if they're prosecuting her already, if you don't take this shot it's [09:19.600 --> 09:24.480] okay for the police to shoot you between the eyes with a double-barrel shotgun, no what [09:24.480 --> 09:31.000] I'm saying is that if they're prosecuting her, if she's under indictment right now, [09:31.000 --> 09:36.920] if she's being charged with a crime for not taking the vaccine right now then she can [09:36.920 --> 09:45.520] file a counterclaim, now wait a minute, if they pass a law that says in the event of [09:45.520 --> 09:55.680] a pandemic we can give you a, forcibly give you a shot that is known and proven to have [09:55.680 --> 10:03.600] killed a great number of people, what the court's saying well you can't raise an objection [10:03.600 --> 10:11.520] unless they already killed you with it, you have to wait until they give you a death sentence [10:11.520 --> 10:18.760] by injecting it in you before you have standing, we still are what Dr. Graves keeps saying [10:18.760 --> 10:25.360] we're guided by the reasonable person standard, well see what I was saying is that if they're [10:25.360 --> 10:30.440] already prosecuting her apparently this law is already on the books and if they're already [10:30.440 --> 10:35.520] prosecuting her and she's already under some kind of indictment then she has standing to [10:35.520 --> 10:47.640] file a counterclaim, well I say she has standing anyway because the level of threat is beyond, [10:47.640 --> 10:56.640] it exceeds a reasonable standard, yeah because how are you going to sue if you're dead, it's [10:56.640 --> 11:02.680] kind of like the, I have to wait till I'm dead to sue in order to have standing that [11:02.680 --> 11:09.240] this doesn't even make any sense, the Military Commissions Act says in the event of a national [11:09.240 --> 11:20.160] emergency the president can dissolve the congress so and eliminate the courts and everything [11:20.160 --> 11:25.800] goes to military court so you haven't been damaged by it so you don't have standing to [11:25.800 --> 11:33.640] complain however if it is instituted then you will, the courts will be eliminated and [11:33.640 --> 11:41.840] there will be no way to complain, somehow that doesn't just seem fit right, no I don't [11:41.840 --> 11:51.760] think so, it goes to the person standard where it creates an unreasonable level of risk, [11:51.760 --> 12:01.920] we should not be held to the requirement that we be damaged before we raise an issue, I [12:01.920 --> 12:07.040] mean they arrest people and put them in jail for DUI even if they haven't killed a bunch [12:07.040 --> 12:11.720] of people and they say the reason we can do this is because you could kill a bunch of [12:11.720 --> 12:19.680] people, well that violates preemption doctrine but it also goes to reasonable person standards, [12:19.680 --> 12:27.400] should we wait until the guy runs across the center mound on I-30 and hits a carload of [12:27.400 --> 12:33.780] teenagers coming home from a football game and kills them all, walks away from it, should [12:33.780 --> 12:42.640] we wait until then to arrest a guy for DUI, I say this creates an unreasonable risk and [12:42.640 --> 12:49.800] she should not be held to the standard of personal harm before she can raise the issue [12:49.800 --> 12:56.080] because the potential personal harm is so great to be beyond reason. [12:56.080 --> 13:00.320] Well yeah and that's why she's coming with all this evidence of past history of damage [13:00.320 --> 13:04.920] done to her from vaccines but I don't even think that it should have to go that far, [13:04.920 --> 13:09.720] I mean there's plenty of studies to show how damaging and risky these things are, I [13:09.720 --> 13:16.200] shouldn't even have to show that I personally have been damaged by vaccines in the past, [13:16.200 --> 13:21.200] it's enough to show that other people have been damaged and in fact I don't even think [13:21.200 --> 13:26.720] I have to take it that far, okay, it's enough to say it's my body and you're not the boss [13:26.720 --> 13:35.440] of me and I don't want a vaccine put in me and I ain't going to take it and that's it. [13:35.440 --> 13:39.260] Damage or no damage, I don't care if it's good for me, I don't care if you think it's [13:39.260 --> 13:43.000] good for me, I don't care if I think it's good for me, it's still my body and I don't [13:43.000 --> 13:47.200] want it, that should be enough. [13:47.200 --> 13:49.000] This is a difficult question. [13:49.000 --> 13:55.200] It's not too difficult for me, it's my body and I don't want it and that should be all [13:55.200 --> 13:57.680] the reason necessary. [13:57.680 --> 14:06.040] Those of us in the community understand how dangerous this is but those not in the community [14:06.040 --> 14:13.280] who don't understand how dangerous it is will have trouble understanding the level of our [14:13.280 --> 14:14.280] objection. [14:14.280 --> 14:20.440] Well see the thing is they really shouldn't be concerned with whether I object to or not. [14:20.440 --> 14:25.600] If they think it's a wonderful thing then they can go ahead and take the vaccine then [14:25.600 --> 14:33.480] they're protected so what do they care, why should they care if I take the vaccine or [14:33.480 --> 14:41.480] not because it's not harming other people if I don't take it because if they take it [14:41.480 --> 14:48.980] then they're quote unquote protected okay so that's all that should matter. [14:48.980 --> 14:54.280] Why should they be concerned if I take it or not because if they take it in their own [14:54.280 --> 14:58.920] minds if they're protecting themselves by taking the vaccine then the buck should stop [14:58.920 --> 14:59.920] right there. [14:59.920 --> 15:04.680] They shouldn't care if I take it or not they should only care if they take it I'm not causing [15:04.680 --> 15:07.520] them harm by not taking it you see. [15:07.520 --> 15:09.520] Ah, specious logic. [15:09.520 --> 15:20.480] No it's not but the vaccination protects the individual that takes it that's the presupposition [15:20.480 --> 15:28.560] okay so I'm protecting myself by taking the vaccination that means I don't get the disease [15:28.560 --> 15:33.680] that is the presupposition of vaccinations to begin with. [15:33.680 --> 15:40.880] All reasonable people who know anything about disease and vaccinations are well aware that [15:40.880 --> 15:52.360] vaccinations are not totally reliable the problem is extreme exposure so they're saying [15:52.360 --> 16:00.360] that even if I've had the vaccine if you cause a pandemic and it causes extreme exposure [16:00.360 --> 16:07.120] there's a good likelihood I could develop simply because of the extreme exposure you [16:07.120 --> 16:09.560] created by carrying the pandemic. [16:09.560 --> 16:12.440] Life is tough. [16:12.440 --> 16:13.860] Not that tough. [16:13.860 --> 16:15.520] I'm not causing the pandemic. [16:15.520 --> 16:16.520] You know what? [16:16.520 --> 16:25.240] Should someone with communicable tuberculosis be allowed to just move around however he [16:25.240 --> 16:26.240] chooses? [16:26.240 --> 16:29.560] No wait a minute no no hold on now you're going to a different issue Randy now you're [16:29.560 --> 16:34.400] talking about quarantine I'm talking about you're saying no I'm talking about no force [16:34.400 --> 16:39.000] now you're going to another issue now you're you're bringing up quarantine I'm talking [16:39.000 --> 16:47.360] about forced vaccinations those are two different issues those are two totally different issues [16:47.360 --> 16:52.560] forcing vaccinations on people and quarantining them are two different issues all right let's [16:52.560 --> 17:01.560] go to break we'll be right back. [17:01.560 --> 17:06.560] Hello Austin my name is Harlan Dietrich owner of Brave New Books a local independent bookstore [17:06.560 --> 17:10.800] many of you are familiar with the bookstore and have attended some of our events we've [17:10.800 --> 17:15.200] been proud to host speakers like Alex Jones, Ron Paul, Jim Mars, Catherine Albert, Wester [17:15.200 --> 17:19.760] Carpley, G. Edward Griffin and many other heroic figures in the patriot movement but [17:19.760 --> 17:24.600] now Brave New Books needs your help in order to continue to provide a space for these events [17:24.600 --> 17:29.320] and be an outlet for hard-to-find materials we're going to need you Austin to help spread [17:29.320 --> 17:33.200] the word about the bookstore please tell your friends and family about the wide variety [17:33.200 --> 17:39.480] of materials we offer we also have DVD duplication capabilities for all you activists also if [17:39.480 --> 17:44.320] you haven't visited us yet please come down and show your support it is so easy to support [17:44.320 --> 17:48.720] the big corporate chain stores that do nothing to further our message remember you vote with [17:48.720 --> 17:55.760] your dollars we're counting on you Austin if you need any information please call 512-480-2503 [17:55.760 --> 18:02.760] or visit us at 1904 Guadalupe Street thank you everyone [18:25.760 --> 18:33.760] okay we are back [18:55.760 --> 19:01.480] we asked the questions and they don't have the answer yeah what are they hiding anyway [19:01.480 --> 19:05.400] just the fact that they want to make a bunch of money off of these vaccines and there is [19:05.400 --> 19:13.400] no pandemic in fact it's a total lie and the forced vaccination issue is a very different [19:13.400 --> 19:20.760] one from the quarantine you know I have no problems staying inside my house but they [19:20.760 --> 19:25.160] ain't going to be dragging me out of the house or sticking a needle in my arm at gunpoint [19:25.160 --> 19:29.160] no I have no problems staying inside my house see and these all these laws that they're [19:29.160 --> 19:34.680] passing now are trying to pass regarding forced vaccination it doesn't take that into account [19:34.680 --> 19:38.300] they just want to walk up to your door and put a gun in your head and put a needle in [19:38.300 --> 19:43.160] your arm and they don't even give you the option to stay inside your house and that [19:43.160 --> 19:49.880] is the problem that is the big problem right there you know we've got to do something about [19:49.880 --> 19:55.960] it you know and people should be suing over this people absolutely should be suing over [19:55.960 --> 20:01.240] this I agree I absolutely agree with this woman that she's absolutely doing the right [20:01.240 --> 20:12.240] thing this issue should be carefully examined in a court right because in this particular [20:12.240 --> 20:21.880] instance it's relatively clear that there is no pandemic and that all of this has been [20:21.880 --> 20:28.220] fabricated yeah and in the last instance of the so-called swine flu there were like two [20:28.220 --> 20:34.200] people that died from the from the actual disease itself and thousands were killed from [20:34.200 --> 20:44.920] the vaccination so now you've got historical evidence for this particular strain of flu [20:44.920 --> 20:49.340] it's ridiculous man it's just a big it's just a big money scam it's just a big money [20:49.340 --> 20:59.020] in control scam well I understand that but as to the issue [20:59.020 --> 21:10.400] do people in a ordered society do they have a duty to their friends and neighbors not [21:10.400 --> 21:27.920] to risk their death so that an individual can exercise a singular personal preference [21:27.920 --> 21:33.560] question well no it's not so hard because we know the whole thing's a bunch of crap [21:33.560 --> 21:39.760] I don't know if it is such a hard question because it goes back to just basic fundamental [21:39.760 --> 21:44.120] principles of liberty and that you're free to do what you want as long as you're not [21:44.120 --> 21:54.740] harming somebody else so if I if I am not infected okay then my liberty should not be [21:54.740 --> 22:01.160] restricted because I'm not harming other people by infecting other people and you know what [22:01.160 --> 22:08.840] there's already laws on the books that have to do with issues like that what laws are [22:08.840 --> 22:16.360] there there's already health laws Randy when it comes to like communicable diseases STDs [22:16.360 --> 22:22.760] and stuff that you know people that get reported to the health department and they'll go out [22:22.760 --> 22:29.640] to people's doors well there's already there's already there's already things like that it [22:29.640 --> 22:33.520] has to do with communicable diseases and there's already things like that on the books that [22:33.520 --> 22:40.160] have to do with you going around damaging other people and so like I said I just don't [22:40.160 --> 22:45.240] think it's that hard of a question if I'm not infected don't restrict my liberty and [22:45.240 --> 22:50.360] don't force me to take the vaccine now if it's shown that I am infected well then that's [22:50.360 --> 23:01.680] a different story how long from exposure to the time you begin to show symptoms at what [23:01.680 --> 23:08.360] point in those in that time period do you become communicable see now now we're going [23:08.360 --> 23:15.680] to now we're going to gray areas of preemptive restrictions of people's liberties this okay [23:15.680 --> 23:22.240] this is exactly the argument they're making you become communicable before you develop [23:22.240 --> 23:30.120] symptoms so since that could possibly happen we have to take preemptive steps and rip away [23:30.120 --> 23:35.440] all your rights because you might give somebody the flu and give them a headache like I said [23:35.440 --> 23:42.080] life is tough they can they can get a vaccination if they want to protect themselves what I'm [23:42.080 --> 23:49.560] looking for is a really effective way of making the argument that we want to make considering [23:49.560 --> 23:57.600] the mindset of the guy who's who's out here who's not awake and who doesn't understand [23:57.600 --> 24:02.760] that the government is not their friend well the best you know the best thing that I can [24:02.760 --> 24:07.880] come up with so far and I'm not and I'm not even so sure I'm in agreement with this is [24:07.880 --> 24:14.080] just that they could at least give people the option of staying inside their homes but [24:14.080 --> 24:18.640] but this matter of we're going to yank you out of your house and throw you in a camp [24:18.640 --> 24:24.440] unless you take a needle in your arm at gunpoint I'm sorry but that's got to go that that just [24:24.440 --> 24:31.560] don't fly in my book and I like I said I'm not even so sure I like the other option either [24:31.560 --> 24:38.520] I mean because it's just all a bunch of fear-mongering and so you know this preemptive business anyway [24:38.520 --> 24:45.760] I mean there's not people dropping dead in the streets you know there's been a handful [24:45.760 --> 24:51.080] of people that have died and the people that have died it's because they already had a [24:51.080 --> 24:58.040] pre-existing condition A like diabetes or cancer or severe immune disorder and then [24:58.040 --> 25:05.640] they happen to get swine flu or some other virus for that matter and then they end up [25:05.640 --> 25:12.360] dying due to complications of that and so they really ended up dying from condition [25:12.360 --> 25:22.600] A well as I understand there there's no indication there's no direct indication that swine flu [25:22.600 --> 25:33.720] is any more dangerous than any other flu that's out there that this year flu is in any greater [25:33.720 --> 25:39.000] condition than any any normal year and that the indication is is we have normal amounts [25:39.000 --> 25:47.600] of flu and the virulence of the flu is essentially normal so it's all a bunch of hogwash that's [25:47.600 --> 25:59.760] what I was saying but I was arguing the position to where if all of this wasn't a bunch of [25:59.760 --> 26:07.520] hogwash and there really was a threat how do we handle this how do we balance an individual's [26:07.520 --> 26:19.040] right against the right of the public to be essentially safe from unreasonable levels [26:19.040 --> 26:32.480] of risk well Randy Raylor and I were got on this very issue from this very topic and he [26:32.480 --> 26:39.200] was absolutely taking the libertarian position that if you haven't harmed anyone actually [26:39.200 --> 26:45.200] this came from DUI if you haven't harmed anyone they shouldn't charge you a DUI because there's [26:45.200 --> 26:53.080] no in your party and we kind of walked up to levels of risk and I said well what if [26:53.080 --> 26:59.560] I were to decide to build an atomic bomb in my backyard and he said well you couldn't [26:59.560 --> 27:06.280] do that yes you can whoever tells you that's telling you a bunch of crap oh you most certainly [27:06.280 --> 27:16.480] can all of this stuff about special triggers simply not true read the the Manhattan project [27:16.480 --> 27:24.960] and what they did there they came within a hair's breadth of wiping Chicago off the face [27:24.960 --> 27:35.120] of the planet simply because they got these two products in two greater quantity in greater [27:35.120 --> 27:41.480] two greater proximity of one to the other that would have been sufficient to create [27:41.480 --> 27:47.880] a chain reaction so yeah you can build one in your backyard so should I be able to build [27:47.880 --> 27:53.760] one in my backyard is that an acceptable level of risk as long as I haven't hurt anybody [27:53.760 --> 28:03.200] and the staunch libertarian finally conceded that they bomb now he wouldn't go he said [28:03.200 --> 28:09.800] okay okay we'll pass on the a bomb then if we pass on the a bomb where do we draw the [28:09.800 --> 28:22.800] line and how do we draw the line what's acceptable what level of risk can we allow our neighbor [28:22.800 --> 28:30.120] to pose for us before we stand up and are willing to take away some of the rights of [28:30.120 --> 28:37.080] our neighbor well I'm sorry but going around and want to stick needles in people's arms [28:37.080 --> 28:41.880] and have poison in them takes things a little bit further than just taking away someone's [28:41.880 --> 28:48.560] rights so that to me isn't the issue they're wanting to they're wanting to harm me now [28:48.560 --> 28:55.720] at this point because there is long clear history of documented scientific evidence [28:55.720 --> 29:02.120] that there are very dangerous chemicals and poisons in these vaccinations so this is goes [29:02.120 --> 29:11.080] beyond this just taking away someone's right to now you want to harm me you want to absolutely [29:11.080 --> 29:20.320] harm me with something that is documented to cause harm and it under a preemptive doctrine [29:20.320 --> 29:25.080] when I haven't even harmed you first so now you absolutely want to harm me and I have [29:25.080 --> 29:30.120] not harmed anyone so that crosses the line Randy you're not just taking away someone [29:30.120 --> 29:35.360] rights you're harming them at that point with these vaccinations I understand I was just [29:35.360 --> 29:41.080] looking for the line okay well the line is now you're causing harm to somebody else you're [29:41.080 --> 29:46.760] not just taking away their right so so that's so now now you've gone beyond beyond when [29:46.760 --> 30:00.920] we come back we're going to talk about mortgage debts okay we'll be right back [30:00.920 --> 30:05.480] there comes a time in every Patriots life when they must ask themselves will I sit idly [30:05.480 --> 30:09.980] by as tyranny engulfs the globe or will I do everything in my power to defend the freedom [30:09.980 --> 30:14.560] inherent in all men across the world will I give up hope in the face of seemingly impossible [30:14.560 --> 30:19.520] odds will I use the intensity of the struggle ahead of me to strengthen my convictions my [30:19.520 --> 30:23.800] name is John Bush and I've chosen to stand tall on the side of Liberty many other Patriots [30:23.800 --> 30:28.040] like myself that come together to call for a new Continental Congress just as our founders [30:28.040 --> 30:32.400] assembled before us we too will gather to discuss the abuses of our government and what [30:32.400 --> 30:36.800] we can do to correct them I'm asking for your vote and your support and being one of three [30:36.800 --> 30:41.680] Texans to represent our great state in this historic event you can vote this Saturday [30:41.680 --> 30:47.960] October the 10th at Ruta Maya on 3601 South Congress Avenue anytime from 10 a.m. to 4 [30:47.960 --> 30:54.000] p.m. again that's Saturday October the 10th at Ruta Maya on 3601 South Congress Avenue [30:54.000 --> 31:01.000] go to GiveMeLiberty.org for more info and remember to always humanize, harmonize, localize [31:24.400 --> 31:27.240] your power. [31:27.240 --> 31:34.240] When you're gonna stop abuse, you're power. [31:34.240 --> 31:38.240] When you're gonna stop abuse, you're power. [31:38.240 --> 31:41.240] When you're gonna stop abuse, you're power. [31:41.240 --> 31:48.240] So please Mr. McAuliffe, I teach officers not to abuse their power. [31:48.240 --> 31:55.240] Send a request to the leader, the captain of all officers. [31:55.240 --> 32:00.240] Tell them to uphold the law, and please don't abuse their power. [32:00.240 --> 32:07.240] They beat and they beat and they cheat and they cheat and they lie every hour. [32:07.240 --> 32:12.240] So Mr. Officer, please stop abusing your power. [32:12.240 --> 32:18.240] You pulled me over and held me in silence, sir. [32:18.240 --> 32:24.240] I need to speak to my lawyer, Mr. Officer. [32:24.240 --> 32:29.240] If I feel like you're the judge, find me guilty, sir. [32:29.240 --> 32:35.240] So when you're gonna stop abuse, you're power. [32:35.240 --> 32:40.240] When you're gonna stop abuse, you're power. [32:40.240 --> 32:45.240] When you're gonna stop abuse, you're power. [32:45.240 --> 32:51.240] When you're gonna stop abuse, you're power. [32:51.240 --> 32:54.240] So Mr. Officer, abuse with his power. [32:54.240 --> 32:57.240] Please Mr. McAuliffe, help the officer. [32:57.240 --> 33:02.240] So they could understand they should uphold the law instead of abusing the power. [33:02.240 --> 33:05.240] You know they act like they're judging you and me. [33:05.240 --> 33:08.240] But Mr. Officer, you're supposed to protect me. [33:08.240 --> 33:11.240] Uphold the law and do it properly. [33:11.240 --> 33:14.240] And the citizens of this country wouldn't be so angry. [33:14.240 --> 33:16.240] Look what they did to that little king. [33:16.240 --> 33:18.240] Okay, we are back. [33:18.240 --> 33:20.240] For nothing. [33:20.240 --> 33:24.240] The rule of law, Randy Kelton, Deborah Stevens. [33:24.240 --> 33:29.240] Okay, we need to stop abusing your power. [33:29.240 --> 33:32.240] Okay, so we got a couple of callers and line callers. [33:32.240 --> 33:34.240] Just sit tight. [33:34.240 --> 33:42.240] We're gonna discuss the material Randy had planned tonight, which has to do with mortgages. [33:42.240 --> 33:43.240] Let's go ahead and take the callers. [33:43.240 --> 33:44.240] They're probably on topic. [33:44.240 --> 33:49.240] We had a pretty divisive debate there. [33:49.240 --> 33:51.240] We've probably got somebody on topic. [33:51.240 --> 33:52.240] We might be better. [33:52.240 --> 33:53.240] Let them ask questions. [33:53.240 --> 33:56.240] Well, yeah, I don't think it was really all that divisive. [33:56.240 --> 34:02.240] And I think that maybe we're going to ethereal abstract libertarian principles a little bit more than necessary [34:02.240 --> 34:08.240] because, like I said, the whole foundational principle behind vaccinations to begin with [34:08.240 --> 34:14.240] is that it protects the individual who's receiving the vaccine. [34:14.240 --> 34:15.240] That's your shield. [34:15.240 --> 34:19.240] It really shouldn't matter to you if anyone else takes it or not. [34:19.240 --> 34:25.240] And yeah, there may be another tiny little, you know, you may have a little teeny risk that it may not work, [34:25.240 --> 34:32.240] but you're still, you know, according to the principle, doing everything you can to protect yourself. [34:32.240 --> 34:34.240] And it's a very dangerous thing to do. [34:34.240 --> 34:37.240] And it's not just about taking away someone's rights. [34:37.240 --> 34:39.240] It's about harming another person. [34:39.240 --> 34:45.240] So I really think we're going to the abstract hybrid tower libertarian principles a little bit more than necessary. [34:45.240 --> 34:49.240] Let's go to Kathy in Texas. [34:49.240 --> 34:51.240] Kathy, thanks for calling in. [34:51.240 --> 34:52.240] What is your question? [34:52.240 --> 34:54.240] What's on your mind tonight? [34:54.240 --> 35:00.240] Well, I did have a question about subpoena, but if you want to talk about vaccines, we can do that too. [35:00.240 --> 35:01.240] Well, go ahead. [35:01.240 --> 35:03.240] What's your question about subpoena? [35:03.240 --> 35:06.240] Well, we have one in our hand here. [35:06.240 --> 35:11.240] Another completely different issue, but still from Hayes County. [35:11.240 --> 35:22.240] And this is, we had a little, my friend had a car or was involved in a car accident in February. [35:22.240 --> 35:30.240] And the gist of it was coming up by 35, of course, in Hayes County, because all of this happens in Hayes County, [35:30.240 --> 35:38.240] a truck in the left lane lost control, veered into the center lane and hit another car. [35:38.240 --> 35:46.240] That car went veering off the road and the truck continued and hit into the side of my friend and pushed her off of the road. [35:46.240 --> 35:54.240] So she had her vehicle totaled, the other people had their vehicle totaled, and she walked away, [35:54.240 --> 35:56.240] but there was an injury in the other car. [35:56.240 --> 35:59.240] The middle man got injured. [35:59.240 --> 36:06.240] So apparently all of this, from her point of view, is all over with and it's resolved. [36:06.240 --> 36:14.240] But apparently the guy in the middle car is suing the guy who caused all the wrecks. [36:14.240 --> 36:19.240] And so what we have in our hand right now is a deposition subpoena. [36:19.240 --> 36:29.240] And it basically says to appear before me, a certified shorthand reporter and notary public for the state of Texas, [36:29.240 --> 36:38.240] or before a certified shorthand reporter designated by me in the offices of, and it lists law offices in Buda, [36:38.240 --> 36:49.240] on the 5th of November at 2 p.m. to testify under oath to certain oral questions to be propounded in the instance of this case, [36:49.240 --> 36:57.240] blah, blah, blah, and to be recorded. [36:57.240 --> 37:05.240] And it further says, and there to remain from day to day and time to time until discharged according to law. [37:05.240 --> 37:13.240] And attached to this is a $10 check to cover the fee for a witness fee. [37:13.240 --> 37:17.240] Not to give them a $500 bill. [37:17.240 --> 37:20.240] Well, see, my take on this is kind of like you. [37:20.240 --> 37:25.240] On the back, it's got a place where the process server is supposed to sign. [37:25.240 --> 37:33.240] There's a place that says I accept the service of this subpoena by the witness under Rule 176.5. [37:33.240 --> 37:36.240] That's not signed. Nobody signed anything. [37:36.240 --> 37:46.240] And this was presented at the front door by a person who left their business card who says that they are a professional subpoena server. [37:46.240 --> 37:50.240] And so my question is this. [37:50.240 --> 37:57.240] I recognize, and I looked up in Black Flag Dictionary, this is a valid deposition subpoena, it looked like. [37:57.240 --> 38:09.240] It's got the cause attached, but the cause that's attached is a notice of intent to take oral deposition by videotaped recording. [38:09.240 --> 38:10.240] Well, guess what? [38:10.240 --> 38:14.240] We don't want to drive to Buda and get videotaped at their whim. [38:14.240 --> 38:22.240] And so my question is, is it all right to simply respond to this in writing [38:22.240 --> 38:32.240] and attach a copy of the traffic report that was turned in with all the specifics and say, this is my testimony. [38:32.240 --> 38:36.240] I gave it at the time or say nothing? [38:36.240 --> 38:37.240] No way. [38:37.240 --> 38:39.240] You want to respond, right? [38:39.240 --> 38:49.240] Yeah, well, the only response that you can give is Buda is nuns protunk. [38:49.240 --> 38:52.240] Buda is too inconvenient for me. [38:52.240 --> 38:53.240] OK. [38:53.240 --> 39:00.240] Since all of this occurred in Hays County and I live in San Marcos, the court is in San Marcos. [39:00.240 --> 39:01.240] Right. [39:01.240 --> 39:08.240] And the plaintiff is in Dallas and the other guy is in San Antonio. [39:08.240 --> 39:23.240] So if these guys are coming from either Dallas or San Antonio, Buda is just as convenient to them as San Marcos. [39:23.240 --> 39:28.240] Ask them to change the location to San Marcos and object to $10. [39:28.240 --> 39:29.240] It is insufficient. [39:29.240 --> 39:33.240] No, we're in Austin. [39:33.240 --> 39:36.240] This is not Sally. [39:36.240 --> 39:37.240] Oh, OK. [39:37.240 --> 39:39.240] This is completely someone else. [39:39.240 --> 39:41.240] OK. [39:41.240 --> 39:45.240] Ask them to hold it in Austin. [39:45.240 --> 39:51.240] You're reluctant to drive to San Marcos because the last time you did, you got in a wreck and you got cremated. [39:51.240 --> 39:52.240] That's right. [39:52.240 --> 39:54.240] We don't drive there anymore. [39:54.240 --> 39:57.240] You can ask them anything you want. [39:57.240 --> 39:59.240] You can raise an objection to this. [39:59.240 --> 40:04.240] You're not a litigant in this thing. [40:04.240 --> 40:06.240] This is a great inconvenience for you. [40:06.240 --> 40:09.240] But she has no testimony to give either. [40:09.240 --> 40:11.240] Yes, she does. [40:11.240 --> 40:12.240] OK. [40:12.240 --> 40:13.240] Here's the thing. [40:13.240 --> 40:18.240] She may not realize the testimony that she has. [40:18.240 --> 40:27.240] She doesn't know what the other person needs, and they don't know what she has actually seen. [40:27.240 --> 40:34.240] Witnesses are incredibly inconsistent. [40:34.240 --> 40:38.240] So in a deposition, they will ask her lots of questions. [40:38.240 --> 40:47.240] There may be important facts that's in her mind that she hasn't paid direct conscious attention to. [40:47.240 --> 40:51.240] And a good deposer, these are the things she looks for. [40:51.240 --> 41:01.240] And one of the things that we do have to do as good citizens is act as witnesses. [41:01.240 --> 41:06.240] It goes to Constitution, we have the right to subpoena witnesses. [41:06.240 --> 41:07.240] Right. [41:07.240 --> 41:09.240] And we have a duty to witness. [41:09.240 --> 41:15.240] So that she can't really object to, but what she can object to is the $10 is insufficient. [41:15.240 --> 41:23.240] That if they want her to come and testify, she'll be glad to, but she works. [41:23.240 --> 41:26.240] She makes X amount of money when she works. [41:26.240 --> 41:33.240] And having to take off from work will decrease her job position. [41:33.240 --> 41:35.240] I want this much. [41:35.240 --> 41:38.240] And can she object to the videotyping? [41:38.240 --> 41:40.240] That seems excessive to me. [41:40.240 --> 41:41.240] Absolutely. [41:41.240 --> 41:42.240] She can object to anything. [41:42.240 --> 41:43.240] OK. [41:43.240 --> 41:48.240] Just show a reason why she doesn't want to be videotaped. [41:48.240 --> 41:51.240] She can claim she's a very private person. [41:51.240 --> 41:52.240] And she is. [41:52.240 --> 41:59.240] If she objects to the videotape, if they want to depose her, they can hire a certified, [41:59.240 --> 42:07.240] that she wants her testimony to be taken by a court officer, not by a videotape that can be altered. [42:07.240 --> 42:08.240] OK. [42:08.240 --> 42:10.240] She can raise any objection she wants. [42:10.240 --> 42:17.240] But if she's subpoenaed and the judge says, you know, if she raises an objection, she can raise it with the court. [42:17.240 --> 42:21.240] That's where she would file her objection. [42:21.240 --> 42:24.240] And then the court will make a final decision. [42:24.240 --> 42:30.240] And if she doesn't abide by the court's decision, he can find her in contempt. [42:30.240 --> 42:33.240] Yeah, but this is not from the court. [42:33.240 --> 42:41.240] Subpoena is originally issued by the litigant, but it's enforced by the court. [42:41.240 --> 42:42.240] OK. [42:42.240 --> 42:46.240] If she fails to respond, then the court becomes involved. [42:46.240 --> 42:48.240] Yeah, we have no intention of not responding. [42:48.240 --> 42:52.240] We simply don't want to jump through their hoops when they jerk our chain. [42:52.240 --> 42:59.240] Yes, so send them back a letter that $10 is insufficient, that will cost you far more than that, [42:59.240 --> 43:06.240] and it's inappropriate that you should be subjected to this cost when you've already been harmed in this matter, [43:06.240 --> 43:18.240] that the location is inconvenient, that if they have to drive either from San Antonio or from Dallas, [43:18.240 --> 43:25.240] if they're coming from Dallas, Austin's closer, they're coming from San Antonio, the difference in the drive is minimal. [43:25.240 --> 43:34.240] And I expect that these people would only have to drive from Buta because this is a law office in Buta, that they're all in it together. [43:34.240 --> 43:38.240] It's inappropriate for you to make me come to you, you come to me. [43:38.240 --> 43:39.240] Right. [43:39.240 --> 43:41.240] We can use the local library. [43:41.240 --> 43:43.240] They have facilities. [43:43.240 --> 43:44.240] Oh, yeah. [43:44.240 --> 43:45.240] OK, listen, we're going to break. [43:45.240 --> 43:47.240] Kathy, do you need to hang on some more? [43:47.240 --> 43:49.240] No, thank you so much. [43:49.240 --> 43:51.240] Do we need to do this in writing? [43:51.240 --> 43:53.240] Yes, everything in writing. [43:53.240 --> 43:54.240] That's what I thought. [43:54.240 --> 43:58.240] OK, we're done, and I do agree with the vaccine. [43:58.240 --> 44:00.240] No making it. [44:00.240 --> 44:05.240] Hi, this is Norman Horn from the UT Austin Libertarian Longhorns, [44:05.240 --> 44:11.240] and I want to invite you to the Students for Liberty Texas Conference on October 24, 2009, [44:11.240 --> 44:14.240] located at the Thompson Conference Center on the UT campus. [44:14.240 --> 44:20.240] We have a great lineup of speakers coming to teach you about the fundamentals of a free society. [44:20.240 --> 44:24.240] Speakers include Vice President of the Cato Institute, Gene Healy as the keynote, [44:24.240 --> 44:28.240] renowned author and activist, Mary Brewer, and many more. [44:28.240 --> 44:31.240] To top it off, policy groups from all over Texas will be present [44:31.240 --> 44:34.240] for a roundtable discussion about local activism. [44:34.240 --> 44:38.240] Registration is just $10, plus an optional fee for lunch and dinner. [44:38.240 --> 44:41.240] For students, it's absolutely free. [44:41.240 --> 44:47.240] But registration is required, so go to our website at www.libertarianlonghorns.com [44:47.240 --> 44:50.240] for more information about how to sign up. [44:50.240 --> 44:54.240] That's www.libertarianlonghorns.com. [44:54.240 --> 44:58.240] Work peace and freedom and come to the Students for Liberty Texas Conference 2009. [44:58.240 --> 45:00.240] I'll see you there. [45:00.240 --> 45:25.840] MUSIC [45:25.840 --> 45:42.280] Okay, we are back. [45:42.280 --> 45:45.560] We're taking your calls, 512-646-1984. [45:45.560 --> 45:52.400] Okay, we already have one vote on my side, no forcing vaccinations, I mean, especially [45:52.400 --> 45:55.200] obviously because they cause damage. [45:55.200 --> 45:59.360] You know, it's not just a matter of, oh, oh, it's something, you know, like here, take [45:59.360 --> 46:00.360] the sugar pill. [46:00.360 --> 46:07.920] I mean, it's damaging, could cause death, all right, so it goes beyond just taking away [46:07.920 --> 46:11.200] your rights for freedom of travel or whatever. [46:11.200 --> 46:14.200] Okay, we're going to go to Gail in Minnesota. [46:14.200 --> 46:16.160] Gail, thanks for calling in. [46:16.160 --> 46:17.160] What's on your mind tonight? [46:17.160 --> 46:18.160] What's your question? [46:18.160 --> 46:26.920] Hey, I just wanted to throw this out about the vaccination. [46:26.920 --> 46:31.440] If they are going to say people have to take it, I mean, I'm in agreement, I don't think [46:31.440 --> 46:37.120] that we should be forced to give up any of our rights if nothing has been proven, because [46:37.120 --> 46:42.920] that is exactly how we lose all of our rights, how about on account of because maybe this [46:42.920 --> 46:47.000] could, you know, that's a bunch of hogwash just like you said, but if they're going to [46:47.000 --> 46:53.720] say that there has to be, like Randy said, what if it could be caused by someone of us [46:53.720 --> 46:59.880] that has refused to take it, then it is true that vaccinations are only, they'll say like, [46:59.880 --> 47:05.560] okay, the chicken pox vaccination is at best up to 87% effective. [47:05.560 --> 47:11.600] Well, it's, you know, that's at best and it could be anywhere from zero to 87% effective [47:11.600 --> 47:12.600] after you've taken it. [47:12.600 --> 47:17.280] Okay, so if they're saying those of us who choose not to take it are a threat, then we [47:17.280 --> 47:22.880] should be given the option of before quarantine, we should be given the option of choosing [47:22.880 --> 47:29.960] our own method of preparing for it, like nano silver, things like that that are natural [47:29.960 --> 47:34.440] that we would be willing to do that have been proven just as effective against the vaccine [47:34.440 --> 47:39.800] and probably more so, way more so than what they're peddling. [47:39.800 --> 47:44.400] That is an interesting proposal. [47:44.400 --> 47:45.400] Oh, yeah. [47:45.400 --> 47:49.000] I mean, it's not like you're just running around not taking care of yourself. [47:49.000 --> 47:56.120] I mean, it's kind of like the situation with the parents and the 16-year-old boy who they [47:56.120 --> 48:02.400] decided as a family that he was not going to undergo chemotherapy yet a third time since [48:02.400 --> 48:07.960] chemotherapy nearly killed him both times and they said, no, we're not going to do it [48:07.960 --> 48:14.240] again, we're going to go through a, it was actually a 150-year-old proven technique of [48:14.240 --> 48:22.360] curing Hodgkin's disease and the doctor called CPS and CPS ended up getting a court order [48:22.360 --> 48:28.040] to strap this young man down to force him through chemotherapy and they appealed and [48:28.040 --> 48:29.920] the parents ended up winning. [48:29.920 --> 48:32.600] Yeah, after a long battle. [48:32.600 --> 48:36.240] After a long battle and they lost custody of their child for a while and everything. [48:36.240 --> 48:44.840] I mean, it's like who are the courts to decide that we should, you know, engage in cure or [48:44.840 --> 48:49.480] prevention techniques that are one method or another? [48:49.480 --> 48:55.120] I mean, if we're taking nano silver that's just as effective as taking a vaccine then [48:55.120 --> 48:58.600] why are you going to tell me I have to take the vaccine because I'm doing what I need [48:58.600 --> 49:01.720] to do to prevent myself from getting infected. [49:01.720 --> 49:03.840] That's a real good point, Gail. [49:03.840 --> 49:09.160] Well, I mean, the reason I say that is I have not vaccinated my children nor would I. Now [49:09.160 --> 49:15.960] I will say that in specific isolated events, like my son got bit by a dog, which I did [49:15.960 --> 49:21.880] not know the dog, what I chose to do is I went in but instead of getting a rabies shot, [49:21.880 --> 49:28.360] I got the, I forget what it's called, it lasts only for 24 hours and most people don't know [49:28.360 --> 49:29.360] about it. [49:29.360 --> 49:33.680] You just get, I forget what it's called, but it's not the whole rabies shot. [49:33.680 --> 49:38.920] You get the part of the active virus that will only last 24 hours. So it'll cover him [49:38.920 --> 49:43.440] for that 24, it'll kick butt for 24 hours and that's it. It's not staying in the system [49:43.440 --> 49:49.520] for 10 years. This, you know, and me, but mainly I go to homeopathic things. My daughter [49:49.520 --> 49:56.180] contracted whooping cough when she was like two weeks less than a year old. I went to [49:56.180 --> 50:02.040] an MD who was also a homeopath. She did straight homeopathic prokessin and things like that [50:02.040 --> 50:06.700] for my daughter. My daughter went through it. She has never had a recurrence. She never [50:06.700 --> 50:13.960] had a problem. Homeopathic things work. The royal family uses homeopathics, has for hundreds [50:13.960 --> 50:19.760] of years. They could afford anything they want. The stuff works. So why are we not allowed [50:19.760 --> 50:27.720] to make our own choices with nanosilver homeopathics, whatever we choose? If we're forced to do [50:27.720 --> 50:28.720] anything at all. [50:28.720 --> 50:33.800] Yeah, I agree. I mean, it's just more evidence that shows that it's all about the big money [50:33.800 --> 50:34.800] scheme. [50:34.800 --> 50:39.800] That's right. So that's just what I wanted to throw out there for consideration. [50:39.800 --> 50:41.800] Yeah. Good point. [50:41.800 --> 50:43.520] Good point. Well put. [50:43.520 --> 50:46.440] Okay. Bless you guys. You're doing great. Love you. [50:46.440 --> 50:49.760] But they still shouldn't force to take nanosilver either if they don't want to. [50:49.760 --> 50:50.760] No. [50:50.760 --> 50:51.760] Even if they don't want to. [50:51.760 --> 50:52.760] Shouldn't be forced to take anything. [50:52.760 --> 50:53.760] Shouldn't be forced to take anything. [50:53.760 --> 50:54.760] No. No. [50:54.760 --> 50:55.760] No? Yeah. [50:55.760 --> 51:06.920] Yeah, we have to take care of ourselves. We had a woman next door and she was getting [51:06.920 --> 51:16.800] older and she ate pork every meal. And we went to her and we said, Ms. Dean, you've [51:16.800 --> 51:19.400] got to quit doing that. That stuff's going to kill you. [51:19.400 --> 51:22.160] No, she doesn't have to quit doing it. [51:22.160 --> 51:24.600] She didn't listen to us and it killed her. [51:24.600 --> 51:26.640] So that's her choice. [51:26.640 --> 51:29.440] It's 99. [51:29.440 --> 51:37.240] I have another suggestion. I think we should be allowed to force them to take a vaccine. [51:37.240 --> 51:41.720] But I would come with a little number on the side, a number four with a five close behind [51:41.720 --> 51:47.440] it. Kind of shaped flat on one end and pointed at the other and it comes out of the barrel [51:47.440 --> 51:56.440] of something. And they wouldn't spread any disease to us and then we'd be fine. [51:56.440 --> 52:00.240] You want to immunize them against lead poisoning? [52:00.240 --> 52:01.240] That's right. [52:01.240 --> 52:10.840] Well, you know, here's what Michael Badnerich says. You come with a syringe and I'll come [52:10.840 --> 52:17.840] with the 45 and we'll see who makes the bigger hole. It's about where it comes down to. [52:17.840 --> 52:23.440] There you go. Okay. Well, I won't tie you guys up but I appreciate everything you're [52:23.440 --> 52:24.440] doing. [52:24.440 --> 52:25.440] All right. Good comments, Gail. [52:25.440 --> 52:27.440] Okay. Bless your heart. Talk to you later. [52:27.440 --> 52:28.440] Okay. [52:28.440 --> 52:29.440] Bye-bye. [52:29.440 --> 52:33.280] All righty. Eight more callers if you'd like to call in and discuss this topic or any others [52:33.280 --> 52:40.360] that may be on your mind. 512-646-1984. Okay. So in the meantime, Randy, you have some material [52:40.360 --> 52:42.800] for us concerning the mortgage industry. [52:42.800 --> 52:52.480] Yes. I've been putting together a program to do forensic analysis on mortgages. And [52:52.480 --> 52:59.960] so far, I find them all a mess. But in doing the research, it got real interesting. It [52:59.960 --> 53:09.120] read like a mystery novel, how we came to this mess. There were, on the surface, it [53:09.120 --> 53:16.320] looks like a lot of divergent factors all coming together. But when you look a little [53:16.320 --> 53:28.280] more closely, they set us up. And it's clear in how this came about that they set us up. [53:28.280 --> 53:37.040] Prior to the mid-90s, or I guess prior to the 90s altogether, bankers were very closely [53:37.040 --> 53:47.400] regulated in how they were to write mortgages. And mortgages were relatively cheap compared [53:47.400 --> 53:55.320] to recent standards. Most of the mortgages I'm doing analysis on are about five to ten [53:55.320 --> 54:03.960] years old, and they're six, seven, eight percent interest. Before all of these changes, mortgages [54:03.960 --> 54:14.680] were four and five, three to five, five being a high side. And then legislative changes [54:14.680 --> 54:23.680] started occurring. I'm looking at a law report out of the Dedman School of Law. And he's [54:23.680 --> 54:30.560] saying legislation encourages subprime lending. I'm sorry, let me find it. There are four. [54:30.560 --> 54:36.220] The creation and growth of the subprime loans is attributed to the following four pieces [54:36.220 --> 54:45.960] of legislation, the Community Reinvestment Act of 1977, abbreviated CRA, the Deregulation [54:45.960 --> 54:55.000] and Monetary Control Act of 1980, the Alternative Mortgage Transaction Act of 1982, and the [54:55.000 --> 55:05.120] Tax Reform Act of 1986. All of these were supposedly for the purpose of making home [55:05.120 --> 55:14.520] loans available to the poor, to people who otherwise could not afford homes. And as you [55:14.520 --> 55:23.880] look at what really went on, because of what Greenspan did, they go in here to discuss [55:23.880 --> 55:33.720] what Greenspan was doing with the interest rates, manipulating the interest rates, and [55:33.720 --> 55:42.280] a few other factors, it was clear that they were very deliberately loosing the bankers [55:42.280 --> 55:50.360] on us. They essentially took away all of the controls that the bankers were held under [55:50.360 --> 55:58.760] prior to this time. And they let the bankers make any kind of loan to anyone. And what [55:58.760 --> 56:06.240] turned out happening was, if you were, say, in your 50s, you've been in a house for a [56:06.240 --> 56:10.760] long time, you have it near paid off and you want to upgrade. Yeah, you're doing pretty [56:10.760 --> 56:16.800] well, you're getting most of your bills caught up, you're getting a pretty good investment. [56:16.800 --> 56:23.000] You want to move on up, like the song, moving on up. You want to move up to the big time. [56:23.000 --> 56:29.560] You want to sell this house and get a nicer one. So you use this house as equity, sell [56:29.560 --> 56:34.320] this house and take the money from it, and you put it down on a new house. And that gives [56:34.320 --> 56:42.800] you a relatively minor mortgage on a new and nicer house. Well, the banker, he's going [56:42.800 --> 56:51.680] to get a quarter of the entire cost of the house as a mortgage. And because you have [56:51.680 --> 56:58.840] so much down, and because you have great credit, his interest rate is going to be low, so that's [56:58.840 --> 57:07.940] going to lower what he makes even more. So in the 80s, Clinton and some of these others, [57:07.940 --> 57:15.620] they started turning the loose of the reins and allowing them under the guise of helping [57:15.620 --> 57:23.800] the poor to get houses they otherwise couldn't afford. It turned out that what they did was [57:23.800 --> 57:33.860] help the poor get houses they absolutely could not afford. So instead of the poor gaining [57:33.860 --> 57:42.040] equity in their lives at a slow and steady pace, they made sure they gained no equity [57:42.040 --> 57:48.400] whatsoever. They bought these houses they could not afford because the bankers were [57:48.400 --> 57:57.800] allowed to convince them to enter into mortgage deals that were knowingly outside the range [57:57.800 --> 57:59.320] of their ability to pay. [57:59.320 --> 58:07.200] And also now it's coming out that these rogue groups like Acorn ended up making the housing [58:07.200 --> 58:14.040] mortgage bubble a lot worse than it would have been because of their terroristic activities [58:14.040 --> 58:21.720] and threats and harassment and blackmail to even force the banks into giving loans to [58:21.720 --> 58:29.440] people that they shouldn't have given loans to. Banks didn't need any blackmail. Oh, but [58:29.440 --> 58:34.520] they were blackmailed. I mean, you should, they talked about this on Gary Johnson's show [58:34.520 --> 58:39.240] the other night. It was incredible. They even blackmailed and harassed the banks into giving [58:39.240 --> 58:49.320] out loans that they weren't wanting to give out on top of everything else. Amazing. Alright, [58:49.320 --> 58:53.880] we're going to hear more about this on the other side. This is good stuff, Randy. College, [58:53.880 --> 58:57.480] if you'd like to call in 512-646-1984. [58:57.480 --> 59:07.280] Activism, education, celebration. Looking for something to do this October? Be part [59:07.280 --> 59:11.920] of the largest freedom festival on either side of the Mississippi. The Midwest Liberty [59:11.920 --> 59:20.320] Fest. Come to DeCoin, Illinois, this October 9th, 10th, and 11th. The festival includes [59:20.320 --> 59:25.120] speakers, activist training, workshops, music, and great vendors. Bring a friend and tell [59:25.120 --> 59:30.120] them to bring a friend. This festival is for everyone who loves freedom of all ages. Don't [59:30.120 --> 59:36.120] miss the Midwest Liberty Festival at the State Fairgrounds in DeCoin, Illinois, October 9th, [59:36.120 --> 59:47.120] 10th, and 11th. Visit the website at www.MidwestLibertyFest.com for all the details. That's www.MidwestLibertyFest.com. [59:47.120 --> 59:52.120] Don't let the fall breeze get you down. Come join the fun. Tickets are going fast, so don't [59:52.120 --> 01:00:01.120] miss out on the Midwest Liberty Fest. The best Oktoberfest this year. That's www.MidwestLibertyFest.com. [01:00:01.120 --> 01:00:10.120] E-coli does more than make people sick. It also cleans up nuclear waste. Researchers [01:00:10.120 --> 01:00:16.120] at Birmingham University in England found E-coli bacteria effectively breaks down phytic [01:00:16.120 --> 01:00:22.120] acid, a phosphate storage material found in seeds, and releases the phosphate molecules, [01:00:22.120 --> 01:00:28.120] which bind to uranium to create a uranium phosphate precipitate. The precipitate can [01:00:28.120 --> 01:00:35.120] be harvested to recover uranium, and the result is no more nuclear waste. The U.S. Embassy [01:00:35.120 --> 01:00:41.120] in Islamabad says Osama bin Laden is present in Pakistan, and the command system of the [01:00:41.120 --> 01:00:49.120] Taliban is based in Qatar. A new Associated Press poll shows 38% of U.S. parents don't [01:00:49.120 --> 01:00:54.120] want their kids vaccinated against swine flu. Some parents say they are concerned about [01:00:54.120 --> 01:00:59.120] side effects from the new vaccine, while others say swine flu is no more a health threat [01:00:59.120 --> 01:01:08.120] than seasonal flu. A former Pakistani spy chief says America's ulterior motives for [01:01:08.120 --> 01:01:14.120] invading Afghanistan were not to disperse al-Qaeda and get Osama bin Laden. Former [01:01:14.120 --> 01:01:20.120] Inter-Services Intelligence Chief Lieutenant General Hamid Gul told Foreign Policy Journal [01:01:20.120 --> 01:01:25.120] in a recent interview, the reasons for the attack on Afghanistan were quite different. [01:01:25.120 --> 01:01:30.120] First, the U.S. wanted to reach out to the Central Asian oil fields. Gul said this was [01:01:30.120 --> 01:01:36.120] a requirement of corporate America because the Taliban had not complied with their desire [01:01:36.120 --> 01:01:42.120] to allow an oil and gas pipeline to pass through Afghanistan. Second, the war was to undo the [01:01:42.120 --> 01:01:49.120] Taliban regime because they had enforced Islamic law, which would mean an alternative [01:01:49.120 --> 01:01:55.120] socio-monetary system and that the U.S. would never approve. Third, was to go for Pakistan's [01:01:55.120 --> 01:02:02.120] nuclear capability. Gul also said 9-11 was an inside job and that the 9-11 commission [01:02:02.120 --> 01:02:11.120] made fools of the American people. Israel's ambassador to the U.S., Michael Oran, writing [01:02:11.120 --> 01:02:17.120] in the New Republic, says the Goldstone report on the Gaza war portrays the Jews as the [01:02:17.120 --> 01:02:23.120] deliberate murders of innocents as Nazis. The Huffington Post editorializes, this is [01:02:23.120 --> 01:02:28.120] crazy stuff, especially because it comes not from some right-wing crank, but from Israel's [01:02:28.120 --> 01:02:35.120] highest-ranking diplomat. The Post writes, reading Oran, one would never know that 1387 [01:02:35.120 --> 01:02:42.120] Palestinians, including 320 children, were killed compared to nine Israeli soldiers. [01:02:42.120 --> 01:02:47.120] The editorial goes on, nowhere does he discuss the testimony of the Israeli soldiers who [01:02:47.120 --> 01:02:53.120] have told Goldstone, as well as Israeli groups investigating the conduct of the war, that [01:02:53.120 --> 01:03:13.120] the Israeli army repeatedly made no distinction between competence and innocence. [01:03:23.120 --> 01:03:29.120] They want to chop down Babylon, and burn down the whole nation, but they don't operate [01:03:29.120 --> 01:03:34.120] like rats. I'm a friend of the Republicans and the Ospreys, man. Tell them I'm in the [01:03:34.120 --> 01:04:00.120] military! Tell them nobody's longer in fighting, they're going to chop down Babylon if they [01:04:00.120 --> 01:04:02.000] Word to the temple [01:04:02.000 --> 01:04:05.880] And one of them when me chant them me [01:04:05.880 --> 01:04:09.560] Say all man was created equally [01:04:09.560 --> 01:04:13.080] Chant down Babylon and do me daily [01:04:13.080 --> 01:04:16.480] When night come drift everybody [01:04:16.480 --> 01:04:20.000] So one by one me have to chant them one [01:04:20.000 --> 01:04:23.640] Me chant down Babylon because Babylon is wrong [01:04:23.640 --> 01:04:27.120] The only right man me say is the rest man [01:04:27.120 --> 01:04:30.600] We take me say Lord man before we on the run [01:04:30.600 --> 01:04:34.120] To chant down Babylon now not later [01:04:34.120 --> 01:04:37.720] To let Babylon know say we getting greater [01:04:37.720 --> 01:04:41.200] We bite it down key me say to tell a lie [01:04:41.200 --> 01:04:44.520] Say Jesus Christ shall rescue me [01:04:44.520 --> 01:04:47.400] And I chant down Babylon [01:04:47.400 --> 01:04:49.160] Alright chant down Babylon [01:04:49.160 --> 01:04:50.680] Chant down the banksters [01:04:50.680 --> 01:04:52.920] I call them the banksters [01:04:52.920 --> 01:04:55.080] Okay so Randy [01:04:55.080 --> 01:04:56.600] You had a great point on the break [01:04:56.600 --> 01:04:59.200] You said where was Acorn when [01:04:59.200 --> 01:05:02.960] Okay here's what happened [01:05:02.960 --> 01:05:09.120] The government effectively unleashed the banksters on us [01:05:09.120 --> 01:05:16.160] And allowed them to come out here under the guise of their licensing [01:05:16.160 --> 01:05:21.760] And being a highly regulated financial business [01:05:21.760 --> 01:05:26.200] And the high amount of regulation has the effect [01:05:26.200 --> 01:05:31.840] Of giving the individual reason to trust these guys [01:05:31.840 --> 01:05:34.720] In what they tell them [01:05:34.720 --> 01:05:36.840] Because what they're doing [01:05:36.840 --> 01:05:41.080] This is very sophisticated financial dealings [01:05:41.080 --> 01:05:45.600] And the ordinary individual has no real knowledge of what's going on [01:05:45.600 --> 01:05:48.960] And that's why the banks were so highly regulated [01:05:48.960 --> 01:05:52.360] To keep them from taking unfair advantage [01:05:52.360 --> 01:05:58.680] Of individuals who were not financial professionals [01:05:58.680 --> 01:06:01.600] Well what the individuals didn't realize [01:06:01.600 --> 01:06:04.160] Is that during the 80s [01:06:04.160 --> 01:06:09.120] All of these restrictions were taken away [01:06:09.120 --> 01:06:11.800] So they kind of unleashed the bankers on us [01:06:11.800 --> 01:06:16.000] But there was one restriction that held them back primarily [01:06:16.000 --> 01:06:18.840] And that was that the bank [01:06:18.840 --> 01:06:26.280] Had to, could only loan out based on its reserves [01:06:26.280 --> 01:06:30.920] And so they were rather restricted [01:06:30.920 --> 01:06:37.040] What happened in the 90s is securitization of notes [01:06:37.040 --> 01:06:38.920] What securitization is [01:06:38.920 --> 01:06:42.440] Is the pooling together of these notes [01:06:42.440 --> 01:06:45.680] And selling them to an investor [01:06:45.680 --> 01:06:51.400] So the bank who issues the note no longer carries the note [01:06:51.400 --> 01:06:55.640] So I've explained this before but I'll go through it quickly [01:06:55.640 --> 01:06:59.320] Paul was on and he was in that industry for a long time [01:06:59.320 --> 01:07:01.720] And this is how he explained what went on [01:07:01.720 --> 01:07:06.840] He worked for a company that wrote mortgages, wrote mortgage loans [01:07:06.840 --> 01:07:11.480] And what they would do is get a $50 million loan from Wells Fargo [01:07:11.480 --> 01:07:17.960] Then they would convert that loan into 20 and 30 year mortgages [01:07:17.960 --> 01:07:22.960] Problem was they had to repay that loan in six months [01:07:22.960 --> 01:07:28.880] So when they wrote these mortgages they had no intention of keeping them [01:07:28.880 --> 01:07:32.440] They'd write all these mortgages, bundle them all up [01:07:32.440 --> 01:07:37.280] And sell them to an investment group [01:07:37.280 --> 01:07:39.280] There are a lot of them out there [01:07:39.280 --> 01:07:43.200] These retirement funds and such, they've sold them all over the world [01:07:43.200 --> 01:07:46.440] And what they do is they go to the fund and they say, hey look here [01:07:46.440 --> 01:07:48.200] I got this note [01:07:48.200 --> 01:07:52.120] This guy wanted to buy a house and this other guy wanted to sell a house [01:07:52.120 --> 01:07:56.760] So I got this loan and it cost me 100 grand to buy the house [01:07:56.760 --> 01:08:02.160] And I conveyed it to the buyer for this 30 year note [01:08:02.160 --> 01:08:07.000] Now the note over the period of its term [01:08:07.000 --> 01:08:11.720] It cost 100 grand, it'll produce 220 grand [01:08:11.720 --> 01:08:15.200] So that gives us the 120 grand profit to work with [01:08:15.200 --> 01:08:19.800] I'll sell it to you for 70 [01:08:19.800 --> 01:08:25.720] So and then I'll act as the servicer and collect the money and give it to you [01:08:25.720 --> 01:08:28.240] And that's essentially what they did [01:08:28.240 --> 01:08:30.680] Except they didn't sell just one note [01:08:30.680 --> 01:08:33.800] They sold a whole package of notes [01:08:33.800 --> 01:08:37.880] And in this way, they got their money [01:08:37.880 --> 01:08:42.400] They could get in, get out and go on to the next one [01:08:42.400 --> 01:08:50.000] And if they were writing prime loans to people who could be fairly certain [01:08:50.000 --> 01:08:53.320] That they would be able to pay these off [01:08:53.320 --> 01:08:55.600] Their profit margin would be much lower [01:08:55.600 --> 01:08:58.360] For one thing, the interest rate they could charge wouldn't be as high [01:08:58.360 --> 01:09:01.440] Because the risk is not so great [01:09:01.440 --> 01:09:05.680] And the person is not financing near so much [01:09:05.680 --> 01:09:10.040] Because they generally have a lot higher down payment [01:09:10.040 --> 01:09:12.840] Well, once the government turned these guys loose [01:09:12.840 --> 01:09:19.840] Under the guise of helping the poor, downtrodden and depressed [01:09:19.840 --> 01:09:23.760] Help these poor people get into their own homes [01:09:23.760 --> 01:09:26.320] Isn't that a noble sentiment? [01:09:26.320 --> 01:09:31.880] But over hundreds of years, we've developed procedures [01:09:31.880 --> 01:09:38.240] That predict who can pay for a loan and who cannot [01:09:38.240 --> 01:09:46.280] And these procedures were essentially structured in statutory requirements [01:09:46.280 --> 01:09:51.360] Where they required the banks to adhere to certain standards [01:09:51.360 --> 01:09:55.960] That defined who could pay for the loan and who could not [01:09:55.960 --> 01:09:59.800] Well, in the 80s, they just threw all that out the window [01:09:59.800 --> 01:10:02.640] Under the guise of helping the poor [01:10:02.640 --> 01:10:09.600] And on the surface, it sounds like a great and laudable goal [01:10:09.600 --> 01:10:15.800] The problem is, instead of helping the poor [01:10:15.800 --> 01:10:21.000] Increase their level of wealth by buying their own home [01:10:21.000 --> 01:10:26.080] What they did was help the poor get into a loan arrangement [01:10:26.080 --> 01:10:34.320] To where they would struggle and pour every penny they could produce into this mortgage [01:10:34.320 --> 01:10:41.960] And the mortgage company pretty well knew that they would not be able to pay for it [01:10:41.960 --> 01:10:47.520] So they would pour everything they had for several years into this house trying to save it [01:10:47.520 --> 01:10:52.280] And then they would lose everything [01:10:52.280 --> 01:10:55.320] Now you'd think that the banksters wouldn't want to lose this [01:10:55.320 --> 01:11:00.560] Well, and that was my comment on the banks [01:11:00.560 --> 01:11:09.440] When Acorn was doing these sit-ins and demonstrations to force banks to write even more risky loans [01:11:09.440 --> 01:11:15.960] Where was Acorn when these people were paying every dime they could scrape together in [01:11:15.960 --> 01:11:17.840] In order to keep this house [01:11:17.840 --> 01:11:20.800] Where was Acorn when they were losing their house? [01:11:20.800 --> 01:11:27.280] Yeah, did Acorn come along and want to give them housing? [01:11:27.280 --> 01:11:37.160] No, all Acorn does is just help get people into these risky loans that they can't afford [01:11:37.160 --> 01:11:43.240] So that they can help bundle them up and make a bundle off of them themselves [01:11:43.240 --> 01:11:49.560] So they just turned the poor into worse slaves than they were before [01:11:49.560 --> 01:11:53.640] Worse than that, they gave them false hope [01:11:53.640 --> 01:12:00.440] And in the paperwork here I'm looking at, it was worse than that [01:12:00.440 --> 01:12:07.720] They took people who could absolutely afford a $200,000 home easily [01:12:07.720 --> 01:12:13.480] And pushed them into a $500,000 home which they could not afford [01:12:13.480 --> 01:12:18.800] And then they wound up losing the home they had before, all of their investment, everything [01:12:18.800 --> 01:12:26.680] So they're fleecing the public for their entire life savings [01:12:26.680 --> 01:12:29.920] And the banker gets his money right on the front [01:12:29.920 --> 01:12:34.800] The guy who does this, the guys who write the loan [01:12:34.800 --> 01:12:38.640] They win no matter what [01:12:38.640 --> 01:12:43.080] They write the loan, they sell the note, they get their money [01:12:43.080 --> 01:12:46.080] Well, they put the notes in a pool [01:12:46.080 --> 01:12:52.120] Most of the real estate notes that are written are written to people who are able to pay [01:12:52.120 --> 01:12:56.320] We've got a vast majority of the people out here [01:12:56.320 --> 01:13:01.040] Have bought a small home and then upgraded to a larger and then upgraded to a larger [01:13:01.040 --> 01:13:06.160] And by doing that they keep their payments relatively low [01:13:06.160 --> 01:13:11.080] Because they trade in their equity and upgrade [01:13:11.080 --> 01:13:16.440] So the guys writing the loans, the majority of them are good loans [01:13:16.440 --> 01:13:18.560] And they pool them into a pool [01:13:18.560 --> 01:13:25.560] Well, there is an expectation of a certain level of failure [01:13:25.560 --> 01:13:28.500] Goes to a statistical mean [01:13:28.500 --> 01:13:31.760] So when the banksters put together a pool [01:13:31.760 --> 01:13:39.280] They pretty well know how many will naturally fail just from disease or unexpected catastrophe [01:13:39.280 --> 01:13:42.600] in a person's life [01:13:42.600 --> 01:13:46.320] And when they get a pool that's a little above the average [01:13:46.320 --> 01:13:51.440] Then they can afford to go out and write garbage loans [01:13:51.440 --> 01:13:55.520] And take those garbage loans and seed them into the pool [01:13:55.520 --> 01:13:59.360] And that way adjust the failure rate to the statistical mean [01:13:59.360 --> 01:14:03.040] They can always stay at the statistical mean [01:14:03.040 --> 01:14:06.400] But as long as they don't go over the investor [01:14:06.400 --> 01:14:10.480] He expects this amount of loss [01:14:10.480 --> 01:14:11.600] Because it's average [01:14:11.600 --> 01:14:15.800] And so the banksters can adjust and keep that average there [01:14:15.800 --> 01:14:18.000] And gradually raise the average [01:14:18.000 --> 01:14:22.460] So that the expectation of a statistical mean rises [01:14:22.460 --> 01:14:26.680] And their profits rise dramatically [01:14:26.680 --> 01:14:31.200] Because these are the very loans they make the most money on [01:14:31.200 --> 01:14:34.320] And when the loan fails [01:14:34.320 --> 01:14:36.800] These guys are the servicer of the note [01:14:36.800 --> 01:14:39.600] They make money on the foreclosure [01:14:39.600 --> 01:14:41.720] They've already got their money from the loan [01:14:41.720 --> 01:14:44.600] Because they got paid off from the investor [01:14:44.600 --> 01:14:47.680] The investor buys the note from them [01:14:47.680 --> 01:14:52.400] They take a portion of it and give it to Wells Fargo and pay them off their note [01:14:52.400 --> 01:14:57.000] And they got $60,000, $70,000 left [01:14:57.000 --> 01:15:01.000] And now they start servicing the note [01:15:01.000 --> 01:15:03.920] And they get paid for that [01:15:03.920 --> 01:15:08.680] Now you'd think they would get paid by the investor [01:15:08.680 --> 01:15:12.020] Because they're collecting money for the investor [01:15:12.020 --> 01:15:14.920] Turns out they're not [01:15:14.920 --> 01:15:19.140] Turns out you're paying them [01:15:19.140 --> 01:15:23.200] In all the notes I've looked at so far, they quote an interest rate [01:15:23.200 --> 01:15:26.600] They guarantee an interest rate [01:15:26.600 --> 01:15:29.880] But then when they bill you [01:15:29.880 --> 01:15:34.600] They bill you for more than the annual percentage rate that's guaranteed [01:15:34.600 --> 01:15:44.400] And the way they do this is they add in the cost of servicing the note [01:15:44.400 --> 01:15:49.680] That's percentage points on top of the note [01:15:49.680 --> 01:15:53.280] Now I'm looking at the notes and there's no provision for that [01:15:53.280 --> 01:15:57.160] That I could find in the note itself [01:15:57.160 --> 01:16:00.320] This is just industry practice [01:16:00.320 --> 01:16:03.880] Well it's fraud [01:16:03.880 --> 01:16:06.240] I looked at a note that I was working on today [01:16:06.240 --> 01:16:13.960] $115,974 [01:16:13.960 --> 01:16:15.480] That's 6% interest [01:16:15.480 --> 01:16:18.960] Was what the note said [01:16:18.960 --> 01:16:23.280] But the payments they set up [01:16:23.280 --> 01:16:30.000] Created an interest rate of 6.512 [01:16:30.000 --> 01:16:34.080] So I put together a spreadsheet [01:16:34.080 --> 01:16:35.400] And I'll explain how that works [01:16:35.400 --> 01:16:40.000] That shows how much extra a person will pay [01:16:40.000 --> 01:16:42.720] On a half a percent extra in interest [01:16:42.720 --> 01:16:45.000] Oh boy [01:16:45.000 --> 01:16:47.200] Okay [01:16:47.200 --> 01:16:50.240] I can bet already I know about what it's going to be [01:16:50.240 --> 01:16:52.760] According to this amortization schedule [01:16:52.760 --> 01:16:53.880] All right, we'll be right back [01:16:53.880 --> 01:17:00.560] Callers if you'd like to call in 512-646-1984 [01:17:00.560 --> 01:17:04.280] You feel tired when talking about important topics like money and politics? [01:17:04.280 --> 01:17:04.680] Sorry! [01:17:04.680 --> 01:17:07.920] Are you confused by words like the Constitution or the Federal Reserve? [01:17:07.920 --> 01:17:08.400] What? [01:17:08.400 --> 01:17:11.920] If so, you may be diagnosed with the deadliest disease known today [01:17:11.920 --> 01:17:13.240] Stupidity [01:17:13.240 --> 01:17:15.040] Hi, my name is Steve Holt [01:17:15.040 --> 01:17:16.720] And like millions of other Americans [01:17:16.720 --> 01:17:19.560] I was diagnosed with stupidity at an early age [01:17:19.560 --> 01:17:22.280] I had no idea that the number one cause of the disease [01:17:22.280 --> 01:17:24.520] Is found in almost every home in America [01:17:24.520 --> 01:17:25.520] The television [01:17:25.520 --> 01:17:29.280] Unfortunately, that puts most Americans at risk of catching stupidity [01:17:29.280 --> 01:17:30.600] But there is hope [01:17:30.600 --> 01:17:34.080] The staff at Brave New Books have helped me and thousands of other foxaholics [01:17:34.080 --> 01:17:36.600] Suffering from sports zombieism recover [01:17:36.600 --> 01:17:39.200] And because of Brave New Books, I now enjoy reading [01:17:39.200 --> 01:17:43.480] And watching educational documentaries without feeling tired or uninterested [01:17:43.480 --> 01:17:46.640] So if you or anybody you know suffers from stupidity [01:17:46.640 --> 01:17:50.880] Then you need to call 512-480-2503 [01:17:50.880 --> 01:17:55.040] Or visit them at 1904Guadalupe or bravenewbookstore.com [01:17:55.040 --> 01:17:57.040] Side effects from using Brave New Books products may include [01:17:57.040 --> 01:17:58.480] Discernment and enlarged vocabulary [01:17:58.480 --> 01:18:00.960] And an overall increase in mental functioning [01:18:00.960 --> 01:18:22.440] All right, well, don't bore us [01:18:22.440 --> 01:18:25.640] These same old tricks they've been pulling for years and years and years [01:18:25.640 --> 01:18:27.120] We're not falling for them anymore [01:18:27.120 --> 01:18:31.800] So, Randy, give us a scoop of how much extra [01:18:31.800 --> 01:18:36.120] I'm almost sitting here doing some figuring on the break [01:18:36.120 --> 01:18:39.040] And you're going to be short [01:18:39.040 --> 01:18:46.440] Okay, I have $115,684 [01:18:46.440 --> 01:18:49.680] The guaranteed interest rate [01:18:49.680 --> 01:18:56.800] And the interest rate stated on the note is 6% [01:18:56.800 --> 01:19:02.960] What they actually charged was $6.512 [01:19:02.960 --> 01:19:07.760] So I ran an amortization at $6.512 [01:19:07.760 --> 01:19:16.640] At $6.512, that's what gave me the payment that they required [01:19:16.640 --> 01:19:27.400] And the average payment at $6.512 is $721.29 a month [01:19:27.400 --> 01:19:32.160] The payment at 6% was $683 [01:19:32.160 --> 01:19:39.480] So I took the $683 and subtracted it from the $721 [01:19:39.480 --> 01:19:46.000] And that gave an overpayment of $37.96 a month [01:19:46.000 --> 01:19:55.560] And on the front end of the note, they had stated that they were financing $113,000 [01:19:55.560 --> 01:20:02.160] So I subtracted what they stated they were financing from what they actually financed [01:20:02.160 --> 01:20:04.440] And that came up $1,700 difference [01:20:04.440 --> 01:20:11.040] So on the first payment, I subtracted the $1,700 from the back of the note, from the [01:20:11.040 --> 01:20:12.480] principal [01:20:12.480 --> 01:20:25.360] And I subtracted the standard principal payment, which was $199 [01:20:25.360 --> 01:20:29.120] And then I added $37 from it [01:20:29.120 --> 01:20:38.120] So in every payment, I treated it as if it should have been $683 [01:20:38.120 --> 01:20:43.200] And I subtracted the overpayment from the principal and ran the mortgage that way [01:20:43.200 --> 01:20:48.000] Just like you're paying $37 extra a month [01:20:48.000 --> 01:21:01.800] Over the 30 years note, a $115,000 note, you would have overpaid $44,943 [01:21:01.800 --> 01:21:12.360] Almost a little over a third extra for half a percentage point [01:21:12.360 --> 01:21:19.000] That's some pretty serious fraud, no matter how you slice it up [01:21:19.000 --> 01:21:24.640] Now, Randy, on this case, I mean, did the original notes say they were only going to [01:21:24.640 --> 01:21:30.560] be paid 6% but then they just ended up charging them 6.5% on the sly? [01:21:30.560 --> 01:21:33.240] Yep, this is what they claim [01:21:33.240 --> 01:21:43.200] Is they're adding in the servicing costs as a percentage because the servicing costs continue [01:21:43.200 --> 01:21:47.760] But is that clear in the terms of agreement? [01:21:47.760 --> 01:21:48.760] No [01:21:48.760 --> 01:21:50.120] Oh, boy [01:21:50.120 --> 01:21:59.160] I have to dig more closely, but even if it's in there, it's not made obvious [01:21:59.160 --> 01:22:03.200] And I have yet to talk to anyone who understood that it was in there [01:22:03.200 --> 01:22:11.280] I tell them, okay, this says, you know, the other one I looked at, it was 7.6 and they [01:22:11.280 --> 01:22:12.280] were actually charging 8.6 [01:22:12.280 --> 01:22:13.280] And I said, how did this happen? [01:22:13.280 --> 01:22:14.280] They said, well, I don't know, we're supposed to be 7.6 [01:22:14.280 --> 01:22:15.280] Well, this says 8.6, how do you get 8.6? [01:22:15.280 --> 01:22:16.280] They have no idea [01:22:16.280 --> 01:22:27.520] So that means that the mortgage company did not give proper notice [01:22:27.520 --> 01:22:32.000] They're just taking a little extra off the top for good measure [01:22:32.000 --> 01:22:38.520] Not just a little extra, that is a lot extra [01:22:38.520 --> 01:22:50.620] Beyond the fact that they take a guy who can afford a $70,000 house dead on prime [01:22:50.620 --> 01:22:53.680] And they say, well, look at this, look at this, look at this, prices are going up like [01:22:53.680 --> 01:22:55.280] crazy [01:22:55.280 --> 01:22:59.360] You can afford a $115,000 home [01:22:59.360 --> 01:23:08.600] Because in a couple of years, the property values are wise so much that you'll be in [01:23:08.600 --> 01:23:09.600] real good shape [01:23:09.600 --> 01:23:10.600] You'll have lots of equity in this home [01:23:10.600 --> 01:23:19.320] Well, they're pushing people into subprime loans [01:23:19.320 --> 01:23:26.600] If this person had bought a $70,000 house, that'd been a piece of cake [01:23:26.600 --> 01:23:30.400] And they would have been in such good shape [01:23:30.400 --> 01:23:36.360] They didn't have down payment, but they had like five grand a month income [01:23:36.360 --> 01:23:41.680] So paying off a $70,000 note would have been chump change [01:23:41.680 --> 01:23:47.400] So they would have been, had real good credit [01:23:47.400 --> 01:23:55.040] They would have been eligible for prime rate, low risk [01:23:55.040 --> 01:24:01.400] But instead, the banksters pushed them into a higher note saying, oh yeah, you can afford [01:24:01.400 --> 01:24:04.600] this because the values are going to go up, no problem [01:24:04.600 --> 01:24:12.040] Yeah, it's a little risky right now, it just looks that way, but the values are going to [01:24:12.040 --> 01:24:13.040] go up [01:24:13.040 --> 01:24:14.040] The interest is going to drop [01:24:14.040 --> 01:24:19.880] You can refinance this thing later and drop your interest rate down, blah, blah, blah [01:24:19.880 --> 01:24:26.680] And convince them to take a note they should not have had in the first place [01:24:26.680 --> 01:24:31.200] And they make all their money on the front end, they're out [01:24:31.200 --> 01:24:36.200] When the note fails, they make extra money because they're servicing the note [01:24:36.200 --> 01:24:47.000] They make the extra money on all the late fees and on the foreclosure procedures [01:24:47.000 --> 01:24:51.400] The ones who lose, the buyer and the investor [01:24:51.400 --> 01:24:57.000] The investor who bought the securitized note in the investment pool [01:24:57.000 --> 01:25:05.120] But, you know, one or two, three or four, half a dozen notes will disappear in the investment [01:25:05.120 --> 01:25:08.320] pool and fall within the range of statistical mean [01:25:08.320 --> 01:25:13.160] And the investor doesn't really notice that he's being ripped off [01:25:13.160 --> 01:25:18.440] So these guys are stealing from both sides, they win no matter what [01:25:18.440 --> 01:25:21.640] Yeah, but whoever loses their house, you better believe they notice [01:25:21.640 --> 01:25:30.320] Right, but they're broke and they don't have the money or the wherewithal to fight [01:25:30.320 --> 01:25:36.000] You know, they're too busy struggling trying to find a place to live and feed the kids [01:25:36.000 --> 01:25:41.040] And the investor, he doesn't understand what's going on [01:25:41.040 --> 01:25:45.360] So this is what we're doing with this forensic analysis [01:25:45.360 --> 01:25:49.660] One of the things I'm doing is looking at the actual value of the home [01:25:49.660 --> 01:25:57.640] And I'm getting people in place to come in and do a forensic appraisal [01:25:57.640 --> 01:26:03.440] Someone who can go back and reappraise this house at the value it should have been at [01:26:03.440 --> 01:26:09.840] the time they purchased it and see if it matches the appraisal that the bankster's appraisal [01:26:09.840 --> 01:26:12.440] said it was for [01:26:12.440 --> 01:26:17.520] Because one of the things they're consistently doing is over appraising the value of the [01:26:17.520 --> 01:26:18.520] house [01:26:18.520 --> 01:26:22.440] I was talking to someone in real estate and he had a woman that wanted to buy upgrade [01:26:22.440 --> 01:26:25.960] to a nicer house in a nicer neighborhood and get her kids out of this bad neighborhood [01:26:25.960 --> 01:26:29.080] she was in [01:26:29.080 --> 01:26:35.520] The bank had an appraiser come in and appraise the house she was moving out of [01:26:35.520 --> 01:26:40.520] Had the guy go back three times because he appraised it too high [01:26:40.520 --> 01:26:47.080] And the third time he got him to appraise it down 50,000 under the original [01:26:47.080 --> 01:26:53.280] So they under appraise the equity house and then the house they're moving into they over [01:26:53.280 --> 01:26:54.280] appraise that one [01:26:54.280 --> 01:27:01.040] These are common practices and these are the things we're going to look at [01:27:01.040 --> 01:27:07.640] We'll bring in an appraiser and have him go in and do a forensic appraisal [01:27:07.640 --> 01:27:13.880] Look at the property values at the time Look at the interest rates at the time [01:27:13.880 --> 01:27:17.840] Look at how well these properties were selling at the time [01:27:17.840 --> 01:27:22.160] And you know if it needed repairs, what these kind of repairs cost at the time [01:27:22.160 --> 01:27:26.840] So you can get an accurate appraisal of its value when it was sold [01:27:26.840 --> 01:27:31.280] And then compare that to what the banksters said [01:27:31.280 --> 01:27:34.080] How can you accurately do a retroactive appraisal? [01:27:34.080 --> 01:27:39.480] I mean because you don't really know what the condition of the house was at the time [01:27:39.480 --> 01:27:47.440] That's relatively easy You can look at the roof and pretty well tell how old it is [01:27:47.440 --> 01:27:50.240] You can look at the foundation [01:27:50.240 --> 01:27:57.760] If the foundation has been repaired, it takes a long time for foundations to get in disrepair [01:27:57.760 --> 01:28:04.200] You know they creep, they sag slowly [01:28:04.200 --> 01:28:14.160] And it's not very difficult based on the soil conditions to estimate how bad this was before [01:28:14.160 --> 01:28:15.920] it was repaired [01:28:15.920 --> 01:28:21.680] Or if it's not repaired, they can look at it now and estimate back to the damage that [01:28:21.680 --> 01:28:26.160] existed at the time the house was sold [01:28:26.160 --> 01:28:29.840] This is not really terribly difficult [01:28:29.840 --> 01:28:34.880] And they look at the house and look at the kinds of repairs that had to be done [01:28:34.880 --> 01:28:39.280] That go to existing conditions on the house [01:28:39.280 --> 01:28:42.800] This is not very hard There are professionals out here who can do that [01:28:42.800 --> 01:28:46.320] relatively accurately [01:28:46.320 --> 01:28:54.800] So if it looks as though that was a factor, then we go back and do the forensic appraisal [01:28:54.800 --> 01:28:58.440] We run the numbers on the note [01:28:58.440 --> 01:29:01.360] And we always find problems with the numbers on the note [01:29:01.360 --> 01:29:14.080] I keep reading accounts of the bank not being able to explain the numbers [01:29:14.080 --> 01:29:18.240] And this is a perfect example [01:29:18.240 --> 01:29:30.920] In this particular instance, the payment for the first month was $740.81 [01:29:30.920 --> 01:29:33.800] I'm sorry for the first year [01:29:33.800 --> 01:29:37.920] Second year was $740.21 [01:29:37.920 --> 01:29:40.360] And $4356 [01:29:40.360 --> 01:29:44.560] It changed at a rate that wasn't consistent [01:29:44.560 --> 01:29:46.760] Every year was different [01:29:46.760 --> 01:29:49.560] Anyway, when we come back, I'll go to the rest of that [01:29:49.560 --> 01:29:50.720] All right, we'll be right back [01:29:50.720 --> 01:29:53.240] Callers, the call board's been awful quiet tonight [01:29:53.240 --> 01:29:55.880] We'd like to call in 512-646-1984 [01:29:55.880 --> 01:29:57.600] We've got another two segments [01:29:57.600 --> 01:30:00.800] We'll be right back [01:30:00.800 --> 01:30:04.560] There comes a time in every patriot's life when they must ask themselves [01:30:04.560 --> 01:30:07.440] Will I sit idly by as tyranny engulfs the globe? [01:30:07.440 --> 01:30:11.960] Or will I do everything in my power to defend the freedom inherent in all men across the world? [01:30:11.960 --> 01:30:15.280] Will I give up hope in the face of seemingly impossible odds? [01:30:15.280 --> 01:30:19.400] Or will I use the intensity of the struggle ahead of me to strengthen my convictions? [01:30:19.400 --> 01:30:22.960] My name is John Bush and I have chosen to stand tall on the side of liberty [01:30:22.960 --> 01:30:27.160] Many other patriots like myself have come together to call for a new Continental Congress [01:30:27.160 --> 01:30:32.200] Just as our founders assembled before us, we too will gather to discuss the abuses of our governments [01:30:32.200 --> 01:30:33.920] And what we can do to correct them [01:30:33.920 --> 01:30:40.120] I'm asking for your vote and your support in being one of three Texans to represent our great state in this historic event [01:30:40.120 --> 01:30:46.240] You can vote this Saturday, October the 10th, at Ruta Maya on 3601 South Congress Avenue [01:30:46.240 --> 01:30:48.720] Anytime from 10 a.m. to 4 p.m. [01:30:48.720 --> 01:30:54.040] Again, that's Saturday, October the 10th, at Ruta Maya on 3601 South Congress Avenue [01:30:54.040 --> 01:31:00.520] Go to GiveMeLiberty.org for more info and remember to always humanize, harmonize, localize [01:31:24.040 --> 01:31:46.040] Okay, so Randy, the rate changed every year, but it wasn't a consistent change [01:31:46.040 --> 01:31:50.400] It wasn't, you know, didn't follow a consistent pattern, so what's up with that? [01:31:50.400 --> 01:31:58.880] Right, it changed every year for 11 years, and then in the 12th year, it dropped like 60 cents [01:31:58.880 --> 01:32:15.160] And then 75 cents and then 68 cents each year, and then in the 12th year, it was like 736 something for five months [01:32:15.160 --> 01:32:27.600] And then for 222 months, it was 690 something, and then on the last month, it was a payoff amount of 6 something [01:32:27.600 --> 01:32:36.480] I went through these and I'm trying to figure out where on earth did they come up with these numbers [01:32:36.480 --> 01:32:45.880] Now, I think what they're going to say is, is they're adding in projected servicing costs [01:32:45.880 --> 01:32:52.480] Well, I don't know how they do that because they change the servicer on a regular basis [01:32:52.480 --> 01:33:00.400] And I shouldn't be paying the servicer anyway, he's not providing the service for me [01:33:00.400 --> 01:33:11.680] This comes out of the profit that the investor makes, not out of mine, and it's not in my contract for it to be in there [01:33:11.680 --> 01:33:23.040] Because what I should be paying is $683, and the least amount they were charging was $693 [01:33:23.040 --> 01:33:40.480] So where did they come up with these numbers? And this is common that even accountants are unable to account for the numbers in the documents [01:33:40.480 --> 01:33:44.480] And you would think that that's just poor accounting [01:33:44.480 --> 01:33:50.360] I maintain it is no such thing, it is intentional [01:33:50.360 --> 01:34:04.600] This is done so that the borrower who is unsophisticated will try to figure out these numbers and assume that they have some specificity to them [01:34:04.600 --> 01:34:06.040] When in fact they don't [01:34:06.040 --> 01:34:11.720] Nothing like this is ever unintentional, ever [01:34:11.720 --> 01:34:18.240] Yeah, they set this up to hide it so that you can't get it figured out [01:34:18.240 --> 01:34:26.560] Well, I've written a spreadsheet, actually I didn't write it, I copied somebody else's off the internet [01:34:26.560 --> 01:34:29.120] Okay, okay, I plagiarized it [01:34:29.120 --> 01:34:35.480] And then I took it and rewrote it, this was just a spreadsheet that did an amortization [01:34:35.480 --> 01:34:43.040] And then I added some more formulation to it so I could do comparative amortizations [01:34:43.040 --> 01:34:54.840] So if you have a mortgage, look at your paperwork, okay, if you're not behind, if you're all up to date and everything's just fine [01:34:54.840 --> 01:35:06.320] Did you pay the right amount for the building or was it assessed at a higher value than it really should have been? [01:35:06.320 --> 01:35:13.320] Are you paying the interest that you agreed to pay or are you paying some other amount? [01:35:13.320 --> 01:35:24.680] And that portion of your payment that's above principal and interest, which goes to escrow, taxes, insurance [01:35:24.680 --> 01:35:39.240] Are you actually paying for the taxes and insurance accurately? This is one of the primary places where financial abuse occurs is in the escrow accounts [01:35:39.240 --> 01:35:44.800] Because it takes some work to figure out what it should be [01:35:44.800 --> 01:35:50.400] How much are you paying for insurance? How much are you paying for the various taxes? [01:35:50.400 --> 01:36:00.000] And all those other costs that are regular that have to be paid and are included in the note [01:36:00.000 --> 01:36:08.520] You generally don't know that and when I talk to people about this and start asking them how much were your taxes each year, they don't know [01:36:08.520 --> 01:36:12.080] They just know how much the payment was [01:36:12.080 --> 01:36:18.920] But primarily, are you paying the interest you agreed to pay or are you paying a higher interest? [01:36:18.920 --> 01:36:29.080] And going over these notes, I've never seen a single one that had errors in it that were in the favor of the borrower [01:36:29.080 --> 01:36:38.600] They seem purely by happenstance when the mortgage company makes a mistake, it just always happens to be in their favor [01:36:38.600 --> 01:36:41.040] It just so happens [01:36:41.040 --> 01:36:55.360] So if anybody's out there who's got their mortgage papers, if you can pull out your actual note and pull out your [01:36:55.360 --> 01:36:58.080] What do you call it? Looking for my file [01:36:58.080 --> 01:37:07.520] They give you an estimate of what it's going to cost, of what the mortgage will be and then they'll give you the actual note [01:37:07.520 --> 01:37:16.800] And we compare the note to the estimates, now run the numbers on it and I think you'll be surprised how much they're ripping you off [01:37:16.800 --> 01:37:21.240] Just so happens that they're ripping you off [01:37:21.240 --> 01:37:26.560] At least that's what they would like you to think [01:37:26.560 --> 01:37:31.520] Hey, it's purely happenstance that it always comes down in their favor [01:37:31.520 --> 01:37:32.960] Just so happens [01:37:32.960 --> 01:37:36.840] Well, Randy, we have a caller on the line, Justin from Texas, you want to take a call? [01:37:36.840 --> 01:37:37.480] Yes [01:37:37.480 --> 01:37:41.160] All right, Justin, thanks for calling in, what's your question? [01:37:41.160 --> 01:37:45.000] You bet, I just love y'all, so I love listening to you, thank you for [01:37:45.000 --> 01:37:47.120] Oh, thank you [01:37:47.120 --> 01:37:57.840] I have a question about my mortgage, I filed a quiet title act two years ago and of course the judge erred many times [01:37:57.840 --> 01:38:15.280] And I objected, you know, and I got my objections on the record and at the last minute on the appeals, I went ahead with the appeal and I filed in a document [01:38:15.280 --> 01:38:16.880] Wait a minute, stop [01:38:16.880 --> 01:38:17.400] Okay [01:38:17.400 --> 01:38:21.760] You kind of started in the middle, bring us up to speed [01:38:21.760 --> 01:38:27.080] Okay, I'm waiting for a reply from the appeals court [01:38:27.080 --> 01:38:29.320] Wait a minute, that's still in the middle [01:38:29.320 --> 01:38:29.960] Okay [01:38:29.960 --> 01:38:32.680] What's going on here? [01:38:32.680 --> 01:38:34.760] What is the nature of the decision? [01:38:34.760 --> 01:38:39.320] Well, that's why I called, I guess I should start at the first, forgive me [01:38:39.320 --> 01:38:51.480] Okay, I found those discrepancies in exactly what you were just talking about in the escrow account on my note [01:38:51.480 --> 01:39:00.200] And I called and questioned them and they gave me a bunch of rigmarole and then at the end of the year, I've got a bill [01:39:00.200 --> 01:39:03.280] Did you send them a RESPA letter? [01:39:03.280 --> 01:39:06.160] Yes, I did [01:39:06.160 --> 01:39:11.840] Did they fully answer the RESPA letter? [01:39:11.840 --> 01:39:18.440] Well, it's been a while since I pulled those papers out, I don't, the RESPA [01:39:18.440 --> 01:39:20.280] Pull them back out again [01:39:20.280 --> 01:39:21.680] I don't think they [01:39:21.680 --> 01:39:25.800] How much was the quoted interest rate? [01:39:25.800 --> 01:39:30.920] The quoted interest rate, well, I had an arm, of course [01:39:30.920 --> 01:39:43.680] And after the rate was readjusted after two years, what they wanted me to do is refinance [01:39:43.680 --> 01:39:50.120] They said, oh, we can get over this, you know, we can get out of the arm, all you got to do is refinance [01:39:50.120 --> 01:39:55.880] And that's a common practice in creditory lending [01:39:55.880 --> 01:39:56.560] Right [01:39:56.560 --> 01:40:07.080] But this may have backfired on them because how long ago did you write the note? [01:40:07.080 --> 01:40:11.960] Oh, this was back in 2002 [01:40:11.960 --> 01:40:17.560] 2002, in 2000, interest rates were almost at 10% [01:40:17.560 --> 01:40:20.840] 2002, they were about eight something [01:40:20.840 --> 01:40:22.800] Right, that's what I had, it was eight [01:40:22.800 --> 01:40:31.000] Okay, so if you can show fraud in the note, look at the amount of interest you're paying [01:40:31.000 --> 01:40:35.840] And compare it to what you should be paying [01:40:35.840 --> 01:40:47.520] Based on the arm, on the increases, they based their increases on the Federal Reserve interest rate [01:40:47.520 --> 01:40:52.920] You need to look at the interest rate you're paying compared to what it should be [01:40:52.920 --> 01:40:58.160] And I can guarantee you it's going to be higher than what it should be [01:40:58.160 --> 01:41:03.600] And then what you do is you calculate out the difference like I did here, I ran the difference [01:41:03.600 --> 01:41:07.240] If you could give me those numbers, I could run it and tell you immediately [01:41:07.240 --> 01:41:13.360] Well, this is not designed for an arm, I'd have to rewrite to do an arm [01:41:13.360 --> 01:41:20.200] But calculate what you should have been charged compared to what you're actually charged [01:41:20.200 --> 01:41:28.000] And what you do is you don't calculate how much extra they have charged you [01:41:28.000 --> 01:41:34.720] You calculate how much extra you would pay if you paid out the entire note [01:41:34.720 --> 01:41:42.040] Like in this case, it was a 30-year fixed interest, I ran the numbers [01:41:42.040 --> 01:41:47.440] They would have paid extra $44,943 [01:41:47.440 --> 01:41:50.720] You don't calculate what they actually paid extra [01:41:50.720 --> 01:41:58.720] You calculate what you would have paid extra had their fraudulent scheme ran to fruition [01:41:58.720 --> 01:42:05.240] And then you triple that and you sue them for that amount [01:42:05.240 --> 01:42:12.080] So if you take this note and you go through it, have it analyzed [01:42:12.080 --> 01:42:19.400] Look at not just what they're doing wrong, but all of the notices that they didn't do [01:42:19.400 --> 01:42:25.560] All of these notices that are required are required to protect you [01:42:25.560 --> 01:42:31.440] And as a matter of course, these guys don't do them [01:42:31.440 --> 01:42:32.560] Right [01:42:32.560 --> 01:42:39.000] So like in this particular case, I asked the people, what's the interest rate you're supposed to pay? [01:42:39.000 --> 01:42:41.120] Oh, it's 6% [01:42:41.120 --> 01:42:43.680] You know, you're not paying 6%, you're paying 6.5 [01:42:43.680 --> 01:42:46.440] Oh, no, no, no, no, no, it's at 6% [01:42:46.440 --> 01:42:59.080] So regardless of what the lender told them, these people didn't understand that they were paying 6.5 [01:42:59.080 --> 01:43:02.760] So they didn't have adequate notification [01:43:02.760 --> 01:43:10.360] In this particular case where more interest is charged than is allowed, that's grounds for rescission [01:43:10.360 --> 01:43:19.120] There are certain notifications that you're supposed to have if you don't get those, those are grounds for rescission [01:43:19.120 --> 01:43:25.640] Okay, if you can show these grounds, you go in and sue for rescission [01:43:25.640 --> 01:43:33.440] And what rescission is, is you say, this note was fraudulent from its inception [01:43:33.440 --> 01:43:40.200] So give me all my money back, every dime I paid, I give you the house back [01:43:40.200 --> 01:43:47.440] And since it'd be improper to throw me out of the house for your fraud, I get first opportunity to buy it back from you at current price [01:43:47.440 --> 01:43:50.320] And we'll talk about what that is when we come back [01:43:50.320 --> 01:43:51.480] Okay, we'll be right back [01:43:51.480 --> 01:43:55.880] We've also got Gary from Texas on the line and Mark from Wisconsin, one of our affiliates [01:43:55.880 --> 01:43:58.400] So we'll be right back and talk to them as well [01:44:01.720 --> 01:44:05.640] Hi, this is Norman Horn from the UT Austin Libertarian Longhorns [01:44:05.640 --> 01:44:11.480] And I want to invite you to the Students for Liberty Texas Conference on October 24, 2009 [01:44:11.480 --> 01:44:14.920] Located at the Thompson Conference Center on the UT campus [01:44:14.920 --> 01:44:20.040] We have a great lineup of speakers coming to teach you about the fundamentals of a free society [01:44:20.040 --> 01:44:28.040] Speakers include Vice President of the Cato Institute Jean Healy as the keynote, renowned author and activist Mary Brewer and many more [01:44:28.040 --> 01:44:34.400] To top it off, policy groups from all over Texas will be present for a roundtable discussion about local activism [01:44:34.400 --> 01:44:38.600] Registration is just $10 plus an optional fee for lunch and dinner [01:44:38.600 --> 01:44:41.000] For students, it's absolutely free [01:44:41.000 --> 01:44:49.920] But registration is required, so go to our website at www.libertarianlonghorns.com for more information about how to sign up [01:44:49.920 --> 01:44:53.760] That's www.libertarianlonghorns.com [01:44:53.760 --> 01:44:58.600] Support peace and freedom and come to the Students for Liberty Texas Conference 2009 [01:44:58.600 --> 01:45:05.600] I'll see you there [01:45:28.800 --> 01:45:34.800] Hi, this is Norman Horn from the UT Austin Libertarian Longhorns [01:45:34.800 --> 01:45:41.800] And I want to invite you to the Students for Liberty Texas Conference on October 24, 2009 [01:45:41.800 --> 01:45:46.800] Located at the Thompson Conference Center on the UT campus [01:45:46.800 --> 01:45:53.800] We have a great lineup of speakers coming to teach you about the fundamentals of a free society [01:45:53.800 --> 01:45:58.800] Don't do it to somebody with the things in this world [01:45:58.800 --> 01:46:04.800] We'll never understand something I realize fully [01:46:04.800 --> 01:46:09.800] Somebody's gonna police that police man [01:46:09.800 --> 01:46:12.800] Somebody's gonna put the police [01:46:12.800 --> 01:46:15.800] I know they will [01:46:15.800 --> 01:46:17.800] Yeah, they're gonna put the police [01:46:17.800 --> 01:46:18.800] I know they will [01:46:18.800 --> 01:46:21.800] I've seen so much and got to say [01:46:21.800 --> 01:46:23.800] I know they will [01:46:23.800 --> 01:46:31.800] Never failed to check back that scale [01:46:48.800 --> 01:46:50.800] I went down to that old quarry the other day [01:46:50.800 --> 01:46:58.480] the other day. That's where I heard that old rock warring message. He knew I'd always have [01:46:58.480 --> 01:47:05.200] a place for my head to lay. I've delivered my truck, waved goodbye and drove away. The [01:47:05.200 --> 01:47:14.800] pain in this world I will never understand. The pain I've realized fully. Somebody's gonna [01:47:14.800 --> 01:47:21.680] fall in, somebody's mind. I know that body's gonna fall in, somebody's gonna fall in. I [01:47:21.680 --> 01:47:31.200] know they will. Yeah, they're gonna put the bill. I know they will. Okay, Ja will. Ja will [01:47:31.200 --> 01:47:36.080] tip back the scales. We're tipping back the scales. Ja's tipping back the scales with [01:47:36.080 --> 01:47:45.440] us. Okay, Randy finish up and then we'll go to Gary in Texas. Where were we? Basically [01:47:45.440 --> 01:47:54.560] you're talking about the rate increase in suing them for triple damages, what the extra [01:47:54.560 --> 01:47:58.960] amount would be if their evil plan had come to fruition. Yeah, okay, here's the deal. [01:47:58.960 --> 01:48:15.520] In 2002, 2003, the interest rate was right at six percent. That's 2003. In 2002 it was [01:48:15.520 --> 01:48:24.800] between seven and eight. In 2000 it was almost at ten. So it's been dropping since. So if you [01:48:24.800 --> 01:48:31.680] can show fraud in the original note or RESPA or TILA violations, Truth in Lending Act or [01:48:31.680 --> 01:48:38.080] Real Estate Settlement Procedures Act, if you can show violations of those and certain of [01:48:38.080 --> 01:48:46.800] those violations give you grounds for rescission, you rescind the contract. You tell them take [01:48:46.800 --> 01:48:53.200] this house, give me all the money I paid you back and take this house back. However, [01:48:53.200 --> 01:48:58.720] since I am in the house and I didn't commit the fraud you did, it would be inappropriate [01:48:59.440 --> 01:49:08.160] to force me to leave the house. So I get first option of buying it back at current value. Well, [01:49:09.200 --> 01:49:15.120] with the housing crisis, the housing with the economic crash, property values are dropping [01:49:15.120 --> 01:49:23.600] like a stone. And that's not all. Along with the property values, interest rates are dropping [01:49:23.600 --> 01:49:38.960] like a stone. The prime interest rate right now, 3.25. So the house you bought back in 2002, [01:49:38.960 --> 01:49:47.920] you probably paid seven, eight percent interest on. Now you pay 3.2. Run that through an [01:49:47.920 --> 01:49:55.440] amortization schedule and look at the difference it makes. You will be astounded. The difference [01:49:55.440 --> 01:50:05.360] is incredible. When you consider they overcharged this guy a half a percent on $115,000 note at [01:50:05.360 --> 01:50:14.640] six percent and it stays in 44 grand. If you can show that they defraud you during this housing [01:50:14.640 --> 01:50:22.160] bubble when they were literally glutting on our hard earned money, stealing it from us. [01:50:23.680 --> 01:50:30.080] Now you turn the tables on them. We send the note. They pay back all your money. [01:50:30.080 --> 01:50:37.440] They pay back all your money. You rebuy it. You repurchase at current deflated value [01:50:38.800 --> 01:50:47.600] and at a 3.25 percent interest rate. And even if you can't get all of that done, [01:50:49.200 --> 01:50:56.720] if you can come at them with a whole stack of charges and a whole stack of issues they have [01:50:56.720 --> 01:51:07.360] to deal with, then we play let's make a deal. We go back and refinance this thing at current rate. [01:51:09.120 --> 01:51:14.960] How about this? How about you just, how about I don't have to give you any more money for the [01:51:14.960 --> 01:51:20.640] house and I just keep the house and we'll just call it even. And you give me the money, [01:51:20.640 --> 01:51:27.360] that triple that you ripped me off to. Depending on how egregious the violations are, [01:51:28.640 --> 01:51:34.080] that is a possibility and here's how it works. And remember we also have Gary from Texas who [01:51:34.080 --> 01:51:42.720] got six minutes left. Oh okay, I'll go through this quickly. Mortgage company rights of mortgage. [01:51:44.240 --> 01:51:49.040] You give them a deed of trust, promissory note. Well they don't want to hold that note because [01:51:49.040 --> 01:51:54.960] they want to get their money back so they sell that note to an investor. They securitize it, [01:51:55.920 --> 01:51:58.960] put it in a pool and sell the pool of notes to an investor. [01:52:01.120 --> 01:52:08.000] Here's what the Supreme Court of Kansas said. They said they had no case law on this issue so [01:52:08.000 --> 01:52:14.240] they drew from other states and the fact that they drew their case law from several other states [01:52:14.240 --> 01:52:21.200] makes this a much more profound decision. They said that this is a very basic principle of finance. [01:52:22.320 --> 01:52:35.360] That when the mortgage company sold the note itself, the promise to pay to someone else, [01:52:35.360 --> 01:52:41.360] they separated the promise to pay from the lien, from the deed of trust. [01:52:41.360 --> 01:52:47.920] So the mortgage company is holding the deed of trust and someone else is holding the promise to [01:52:47.920 --> 01:52:52.880] pay. The mortgage company who's holding the deed of trust, they got paid. They got all their money [01:52:52.880 --> 01:53:00.480] from the investor so they got paid out. They cannot be harmed. You think you're paying your [01:53:00.480 --> 01:53:06.400] payments to the mortgage company, you're not. They're just a servicing agent. They collect it [01:53:06.400 --> 01:53:14.080] and give it to the guy who owns the security instrument. These guys have the lien against [01:53:14.080 --> 01:53:20.080] your property but they can't be harmed because they've been paid. So they don't have standing [01:53:20.080 --> 01:53:27.040] to come against you in court. The guy who has the security interest, the note, he doesn't have the [01:53:27.040 --> 01:53:37.760] deed of trust. So he has an unsecured note. The Supreme Court said that when the mortgage company [01:53:37.760 --> 01:53:45.920] separates the deed of trust from the security instrument, they create a fatal flaw and neither [01:53:45.920 --> 01:53:50.800] one has standing to bring an issue before the court. It was like dropping an atomic bomb. [01:53:50.800 --> 01:53:57.680] Wow. That is a really... Like I said, how about if I just get to keep the house [01:53:57.680 --> 01:54:03.680] and you guys pay me back three times the ripoff scheme? Okay. That's what's possible because [01:54:04.320 --> 01:54:08.880] you can go to the mortgage company and say, who are you? Exactly. Or do you have standing [01:54:08.880 --> 01:54:12.720] to raise an issue? How are you harmed? All right. Well, listen, we've got three minutes [01:54:12.720 --> 01:54:18.240] left, Randy. So do you want to go to Gary? Okay. Gary, thanks for calling in. What's your question? [01:54:18.240 --> 01:54:22.240] Yes, ma'am. Yeah, I just want to go over one thing with Randy when he was talking about [01:54:22.240 --> 01:54:29.360] when folks call in to tell you what their interest rate is. If they're on a fixed rate, [01:54:29.360 --> 01:54:33.840] they can do that. If they're on an arm, it's real difficult for them to be able to do that [01:54:33.840 --> 01:54:41.360] because they'll have... There's three items that determine what the rate is. You've got your margin, [01:54:42.000 --> 01:54:46.880] you have the index that it's written on, say the six month LIBOR index, which are where most of [01:54:46.880 --> 01:54:52.080] these adjustable rates were written on. And then you have a margin, which most folks don't even know [01:54:52.080 --> 01:54:58.640] what it is. And then you have your start rate. Well, when you get ready to have your first [01:54:59.200 --> 01:55:05.360] rate increased, they take that margin, which say for instance, your start rate was 6% back [01:55:05.360 --> 01:55:12.000] four years ago, or three years ago. And then six months prior to your first change date, [01:55:12.000 --> 01:55:16.320] they take the margin that they wrote the note at. Well, they may have written it at 8%. [01:55:17.360 --> 01:55:22.560] And so you take that margin, which would be 8%, and you add that to your current [01:55:24.240 --> 01:55:31.040] index. So it matters not what the interest rate is at the time of the change. You're already going [01:55:31.040 --> 01:55:36.480] to get a 2% increase there anyway. So you have to know what your margin was written at [01:55:36.720 --> 01:55:39.280] in order for you to be able to calculate what that interest rate is. [01:55:39.280 --> 01:55:47.760] Exactly. The spreadsheet I have is not written for ARM. I'll have to rewrite one. [01:55:47.760 --> 01:55:54.080] Most folks don't even know. Yeah, you'll have to. There was a wide spread of margins. [01:55:54.880 --> 01:55:59.040] You know, it was ridiculous. Sometimes they'd be written at three, sometimes they'd be written at [01:55:59.040 --> 01:56:07.360] eight. And there was no rival reason to it. That's one of the things that I'm researching. [01:56:07.360 --> 01:56:15.360] If there's no rhyme or reason, then because this is a closely regulated industry, [01:56:16.560 --> 01:56:20.320] anything they claim, they will have to substantiate. [01:56:20.320 --> 01:56:24.560] Right. Well, now see, the thing is, here's what you want to look for, Randy, in those arms. [01:56:25.280 --> 01:56:29.040] It all keys to the origination. In other words, if I originated the note for you [01:56:29.840 --> 01:56:35.040] and I took your application, within three days, I have to disclose to you, I have to give you a [01:56:35.040 --> 01:56:39.520] good faith estimate, and a truth in lending statement, and then all my rest of the disclosure. [01:56:40.560 --> 01:56:44.320] The truth in lending statement should have came much sooner. [01:56:44.960 --> 01:56:46.400] Well, it's supposed to be within three days. [01:56:46.400 --> 01:56:48.080] Okay. Yeah. Okay. Go ahead. [01:56:48.080 --> 01:56:52.240] Not in the closing. No, in the closing, you get a till at closing. But no, I'm talking about a [01:56:52.240 --> 01:56:57.040] loan origination. You call me up on the phone and say, hey, you know, I want a refund. I've got to [01:56:57.040 --> 01:57:01.360] give you within three business days, I must give you a truth in lending statement and a good faith [01:57:01.360 --> 01:57:10.480] estimate. Here's the deal. Whatever I disclose has to match up to what we close at. Now, [01:57:11.040 --> 01:57:16.960] there is no way in God's green earth that most loan officers or brokers know how to calculate [01:57:17.520 --> 01:57:23.600] a truth in lending statement on an armed note. I was in the business for 15 years, [01:57:23.600 --> 01:57:30.960] and I don't know how to do it. Okay. And so what it is is once it's finally calculated properly, [01:57:30.960 --> 01:57:34.800] that's going to be the one that's at closing. So you'll find that just about every adjustable [01:57:34.800 --> 01:57:43.680] rate mortgage that you look at, the till that was issued at origination is going to differ from the [01:57:43.680 --> 01:57:53.600] till that was closed upon. And there then lies a whole new avenue. That's one of the things. [01:57:53.600 --> 01:58:02.160] That was a more sophisticated step. I've got the spreadsheet I put together to analyze this [01:58:02.880 --> 01:58:08.560] for a single rate. It's pretty sophisticated. The one for an arm is going to be a lot more [01:58:08.560 --> 01:58:14.080] sophisticated. You just have to do one in that changes out to the margin. We'll talk again. [01:58:14.080 --> 01:58:20.640] I'll send you some info. Send me an email so I can communicate. I will do that. Thank you. [01:58:20.640 --> 01:58:25.040] Have a good one. See you then. All right. Thank you, Gary. Okay. We're at the end of the show. [01:58:25.040 --> 01:58:28.720] We'll be back tomorrow night with Eddie Craig. This is the rule of law, [01:58:28.720 --> 01:58:34.640] Rainy Kelton and Deborah Stevens. Stay tuned for Endless Fraud Detection with Steve Skidmore and [01:58:34.640 --> 01:58:40.240] Neil Switkowski coming up right now. They've got a couple of really good guests for you guys. So [01:58:40.240 --> 01:59:03.440] check it out. We'll be back tomorrow night. Activism, education, celebration, [01:59:04.000 --> 01:59:08.800] looking for something to do this October? Be part of the largest freedom festival on either [01:59:08.800 --> 01:59:15.360] side of the Mississippi. The Midwest Liberty Fest. Come to DeCoin, Illinois this October 9th, [01:59:15.360 --> 01:59:23.440] 10th and 11th. Festival includes speakers, activist training, workshops, music and great vendors. [01:59:23.440 --> 01:59:28.320] Bring a friend and tell them to bring a friend. This festival is for everyone who loves freedom [01:59:28.320 --> 01:59:33.920] of all ages. Don't miss the Midwest Liberty Festival at the State Fairgrounds in DeCoin, [01:59:33.920 --> 01:59:42.160] Illinois, October 9th, 10th and 11th. Visit the website at www.MidwestLibertyFest.com for all the [01:59:42.160 --> 01:59:49.520] details. That's www.MidwestLibertyFest.com. Don't let the fall breeze get you down. Come join the [01:59:49.520 --> 01:59:54.400] fun. Tickets are going fast, so don't miss out on the Midwest Liberty Fest. The best [01:59:54.400 --> 02:00:05.120] October fest this year. That's www.MidwestLibertyFest.com.