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They know what you want, but for some reason . . .
It is difficult to get a man to understand something when his salary depends upon his not understanding it.
https://quoteinvestigator.com/2017/11/30/salary/
Three algorithms to understand your world
Hour 1
Who the hell are you, and what gives you the right?
Bill Johnson
The full first-hour is part 2 of a new series, introducing Revolution Radio and the average listener to foreclosure defense. Done the right way.
(37:10)
How the Fed Destroyed the Housing Market [and economy] and Created Inflation in Pictures – MishTalk
(38:30)
“Mortgage rates continued to move higher last week as markets digested the recent upswing in Treasury yields. Rates for all mortgage products increased, with the 30-year fixed mortgage rate increasing for the fourth consecutive week, up to and above 7.53 percent – the highest rate since 2000,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist.
https://mishtalk.com/economics/how-the-fed-destroyed-the-housing-market-and-created-inflation-in-pictures/
“As a result, mortgage applications ground to a halt, dropping to the lowest level since 1996. The purchase market slowed to the lowest level of activity since 1995, as the rapid rise in rates pushed an increasing number of potential homebuyers out of the market. ARM loan applications picked up over the week and the ARM share increased to 8 percent, as some borrowers searched for ways to lower their payments.”
Hour 2
7th Cir. Rules Dispute Sent Through Wrong Channel Gave Rise to Valid FDCPA ‘Bona Fide’ Error Defense
(8:00)
Notably, in emailing the CEO and VP of operations, the debtor circumvented the defendant’s instructions for how to dispute his debt outlined in the letter. Specifically, the debtor pulled a Massachusetts registration document to uncover the email addresses of the defendant’s employees. Although the officers of the company receive training to forward dispute emails to its client services department, they are normally not involved in day-to-day communications with debtors.
https://consumerfsblog.com/2023/10/7th-cir-rules-dispute-sent-through-wrong-channel-gave-rise-to-valid-fdcpa-bona-fide-error-defense/
(19:15)
Neighbor and 3 Gov’t Officials Searched Their Property without a Warrant
(19:45)
Subprime Auto Loan Delinquency Erupts, Reaching Highest Rate On Record
(27:35)
As delinquencies rise, Cox Automotive forecasts that 1.5 million vehicles will be seized this year, up from 1.2 million in 2022. That’s still below pre-pandemic levels, but the numbers could soar if a recession materializes in 2024.
Bloomberg cited Bankrate data that shows consumers with excellent credit can lock in an average interest rate of around 5.07% for a new car and 7.09% for a used vehicle. Those with bad credit should expect a new car rate of 14.18% and 21.38% for a used car.
The perfect storm we described earlier this year is unfolding.
https://www.zerohedge.com/markets/subprime-auto-loan-delinquency-erupts-reaching-highest-rate-record
Hedging The End Of Fiat
(34:15)
In Roman law, the loan of money, credit, and items to be consumed is a mutuum, which is defined as “a loan of a fungible thing to be restored by a similar thing of the same kind, quality and quantity”.
While in the English language the use of the terms lend and loan are ambiguous, the difference between commodatum and mutuum is still clearly recognised by us all to this day, as the examples of the different treatment of a loaned book and $100 illustrate. The same conditions apply with respect to criminal theft. If a thief steals your car and sells it on to an unsuspecting buyer, it remains your property and you are fully entitled to recover it without compensating the hapless buyer. But if a thief steals your wallet, or empties your bank account, you only have recourse against the thief and your property in the money or credit is lost.
In this legal context, the question arising is in the treatment of fully identifiable bitcoins, whose possession is recorded on a blockchain. Clearly, if someone sells you a bitcoin in return for currency you receive it as entering into your possession. But if the bitcoin had previously been stolen, say from a crypto wallet, it was nobody’s to sell and it almost certainly remains the possession of the person it was stolen from. The point is that while each bitcoin, or fraction of a bitcoin has the same value as another, the blockchain means that each bitcoin or part of it has a specific identity. Therefore, it is not fungible like banknotes or credit, nor is it consumed and so it almost certainly cannot be a mutuum. The precedents in law therefore point to the property in it having not been transferred if in the past it was the proceeds of crime, so it must be regarded as a commodatum.
This is a significant problem for bitcoin, which has become the money laundering medium of choice for criminals and tax evaders. While in Roman times, criminality was more basic, today governments have extended it to include mere suspicion as grounds for property confiscation. Software allows investigators to link bitcoin wallets with real world identities, which are easily available to the authorities from crypto exchanges. Companies such as Chainalysis have been working with the FBI successfully to identify wallets linked with criminal activity. The trail from these wallets clearly leads to those who subsequently bought bitcoin and are under the impression they are now their property.
Therefore, you cannot be sure that the bitcoin you have bought through an exchange will not be seized by the authorities on the grounds that a previous owner acquired it through the proceeds of crime. You cannot be certain you have clear title. On legal grounds alone, without the certainty of ownership bitcoin cannot act as a general medium of exchange.
https://www.lewrockwell.com/2023/09/alasdair-macleod/hedging-the-end-of-fiat/
CFPB planning significant staff increases; number of full-time enforcement attorneys to increase by 50%
(39:25)
American Banker* reports that the memo also indicates that the expansion of the CFPB’s Enforcement Division includes plans to hire a litigation deputy, assistant litigation deputies, and other support staff and to create a fifth litigation team. Mr. Halperin is also quoted as having said in the memo that “[t]he office will benefit from standing up a fifth litigation team that is as strong as the existing four teams. It will take several months to build the fifth litigation team and will involve both internal moves as well as new hiring.”
This is truly an ominous development which will undoubtedly greatly increase the volume of investigations launched and lawsuits brought by the CFPB. This increases the risk that more banks and non-banks will be targeted by the CFPB, thus making it increasingly important for them to put their compliance houses in order.
https://www.consumerfinancemonitor.com/2023/10/16/cfpb-planning-significant-staff-increases-number-of-full-time-enforcement-attorneys-to-increase-by-50/
A final interview with Foreclosure Defense expert Neil Garfield
(44:15)
I call ‘bullshit!”
Of particular interest is how Neil speaks to how they have been able to veer away from the traditional rules of evidence and discovery to foreclose on unsuspecting homeowners not knowledgable on how these pactice are a violation of basic jurisprudence. The very basic issues of “Legal Standing” are discussed and Neil highlights how they are being ignored in courtrooms all accross the country because homewoners and their attorneys are not challenging the issue of “legal standing” in the discvery process during foreclosure defense litigation.
https://www.blogtalkradio.com/neilgarfield/2023/10/20/an-final-interview-with-foreclosure-defense-expert-neil-garfield
My closing comments and an invite
(50:25)
This man frustrates me.
I removed much unnecessary content and marketing from the interview, compressing it to just six-minutes.
Neil claims to have great insight, but it’s not true. I’ve followed him for years, and those who challenge him are excised from his blog. He runs the Living Lies website, which many have criticized.
He says he’s overwhelmed with helping people with foreclosure issues, but he’s actually marketing to attorneys, promising them money from clients who believe his false claims. Homeowners make inquiries, and he sells leads.
Normal people are greedy, short-sighted, and don’t understand the law; so, they fall for it. I could spend hours discussing his misrepresentations in this interview. He may have court skills, but that doesn’t guarantee success.
If you want to learn about his falsehoods, you’re invited to a conference call where we’ll discuss them. We’ll talk every few weeks, listening to his words until we can’t stand it anymore. To take part in the conference calls, reach me at: https://proselaw.co/contact-bill/
If you want to understand foreclosure and your power in such situations, don’t rely on his secret knowledge and smooth talk. He’s lying, and I can prove it.
It’s hard to understand things when your paycheck depends on not understanding.
If you want to learn more about foreclosure or if it concerns you, contact me.
Please support revolution.radio or this message wouldn’t go out. We’re going through tough times, and you are the underdog.
Neil is looking for victims. I teach without giving legal advice. You can be successful like he claims to be, but with proof on your side.
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