Skip to comments.Private Property Rights - A Basic Premise of America's Constitution
Posted on 10/21/2012 3:30:40 PM PDT by loveliberty2
Tired of having the fruits of their labors confiscated by an overpowering British government, America's Founders declared themselves free and independent.
Most American schoolchildren can recite their claim that ". all men are endowed by their Creator with certain unalienable rights ... to life, liberty, and the pursuit of happiness." Less familiar, however, are these lines from their Declaration of Independence:
"He ( King George III ) has erected a multitude of new offices, and sent hither swarms of officers to harrass our people, and eat out their substance .... He has combined with others to subject us, ... imposing taxes on us without our consent."
What, then, did the Founders consider to be the real cornerstone of man's liberty and happiness? On what basic premise did they devise their Constitution? Let them speak for themselves:
"The moment the idea is admitted into society that property is not as sacred as the laws of God ... anarchy and tyranny commence. PROPERTY MUST BE SECURED OR LIBERTY CANNOT EXIST"
"Government is instituted to protect property of every sort .... This being the end of government, that is NOT a just government,... nor is property secure under it, where the property which a man has ... is violated by arbitrary seizures of one class of citizens for the service of the rest."
Their guiding principle was that people come together to form governments in order to SECURE their rights to property - not to create an entity which will, itself, "take from the mouths of labor the bread it has earned." What was wrong for individual citizens to do to one another, they believed, was equally wrong for government to do to them.
The right to own property and to keep the rewards of individual labor opened the floodgates of progress for the benefit of the entire human race. Millions have fled other countries to participate in the Miracle of America.
Footnote: Our Ageless Constitution, W. David Stedman & La Vaughn G. Lewis, Editors (Asheboro, NC, W. David Stedman Associates, 1987) Part III: ISBN 0-937047-01-5
Even more important, private property is a basic premise of the free market without which we could not be prosperous as the poor prisoners of the Democratic Peoples Republic of Korea are suffering with at this very moment.
money is also considered property
Our forefathers put up with less tyranny than Obama is piling on us . Our forefathers went to war , walking miles in bare bloody feet on frozen ground, to risk death for freedom. We could make a few calls now?Go to Romneys site and volunteer to call people in Ohio and other swing states. Doesnt cost us anything to save America, freedom , and our way of life. The time is now.
Obama is killing coal , oil, etc. and private companies. Just if we allowed the private sector to develop the U.S.s unlimited coal, oil, natural gas, oil shale etc. just if the government and EPA got out of the way , energy would be the cheapest in the world for U.S. companies who could then outcompete China and other countries.
This POS Obama has closed 204 coal plants,
and done millions of other crimes,
piled on 11,000 new pages of federal regulations on business, and 13,000 pages more government regulations from obamacare coming,
did many unlawful executive orders,
6 trillion in new Obama federal debt etc.
you Obama get out of the United States you crimimal, marxist, muslim socialist Obama.
The perfect way to destroy the meaning and purpose of the Constitution is to destroy property, meaning the legal standing of property ownership. This has been missed entirely in the securitisation process, the bundling of mortgages into securities with triple A ratings for sale to investors. This has been the PROBLEM with securitisation of mortgages.
It is time consuming and costly to follow the law and transfer actual titles, notes, and perform change of property ownership county registrations. So...since securitization of mortgages began, systemically, system wide, the procedures to register property transfer under the rule of law was NOT DONE. When the securitized mortgages failed due to the massive number of subprime mortgages, investors found that they owned securities that did not document their ownership of property with no note transfers or titles present for them to execute in their defense. Hence, their triple A securities ownership did not translate in a court of law in the US to securities owners having a right to foreclose. Hence the fraudulent reproduction of titles, note transfers, robosigning was additional fraud to cover up the original fraud. The orignial fraud was the triple A rating on properties that had no title and note transfers during the securitization process. Investors were buying essentially property with no existant legal standing in a court of law...they bought NON-PROPERTY with a triple A rating.
The result is that the banks hold trillions in non-property on their books, held back from the foreclosure process because the mortgages cannot stand the light of day. The Executive Branch Agencies, buying massive amounts of securitized “non-property” mortgages cannot foreclose on them either. The Fed Reserve has bought the “non-property” bonds from Fannie and Freddie, etc., as if they are real property with real value, and has formalized the process with $40B a month of purchases as that amount is created by the securitization process and already created in the backlog of Executive Agency mortgages to be bought.
What is happening is that the securitized “non-property” mortgages, still being issued, are piling up in the Executive Branch agencies as the new securities are being created.
The 49 states attorneys general covered up the original fraud native to the securitization process by focusing on the foreclosure frauds occurring because original titles and note transfers, etc. were not present. They called the massive foreclosure crisis a civil malfeasance and punished the 5 biggest banks with an approxiate $25B fine for trillions of aggregate mortgage derivative liabilities created. The IRS failed to enforce the laws regarding foreclosures also, not having the personnel to deal with the problem, facing the addition of 16,000 new employees just to deal with Obamacare requirements over the next 2 years. Note that the GAO, the Gen Adminis Office, which runs the Executive Branch institutions, has only 12,000 employees and has by recent Senate Hearings to be performing insufficiently.
The end effect is that the securitization process, still ongoing now that a civil penalty precedent has been established as a cost of continuing the process, is piling up private property in the Executive Branch at a rate of $40B a month until “unemployment” is solved. Unemployment is not going to be solved with all capital creation pre-empted by the Fed Res servicing debt requirements of banks and by advancing zero interest rates to..indefinite status.
Property is destroyed, accumulated in the Executive Branch, cannot re enter the private sphere for the purchace by individuals without robo or other fraud being continued. So the latest plans have been to “sell” (how does one sell securities with no legal ownership trail of mortgages) bundles of MBSs to hedge funds for them to rent. The securities cannot be sold...they do not have a triple A rating now, and if they do, they are fraudulent in possession of such a rating.
The govt is in the vast process of destroying the legal standing of property thru the securitization process, and is continuing to do so. The same is happening with the securitization of automobiles, commercial real estate.
So far, the crime is hidden by the focus on foreclosures and the civil fines for the absence of title and note transfers. The crime now has a legal price to be paid in teh process with established fine precedents, and the public will pay for it all, will pay for the destruction of the legal standing of its property, available to them in the future only as “rental” properties.
It is significant that Pres Obama, when he had a law license, won the predecent setting case against CitiBank requiring it to issue subprime mortgages in the early nineties in Connecticut. One can search engine the case and the precedent. All banks had to follow suit and the destruction of the legal standing of property was on. Any and all communists must have clapped.
No one is paying attention to the ongoing destruction of the legal standing of property inherent in the securitisation process, and only focuses as to how the executive branch can rid itself of such “NON-PROPERTIES” for as close to the original price as possible. The amount paid by hedge funds for the properties, intended for rent at high prices, is not disclosed, as the price might be considered as a real, current, mark to market price value that would render credit derivatives total duds with catastrophic results. The crime of destroying properties legal standing in the securitization process is already producing catastrophic results, and is rendering the Constitution valueless.
The profound crime and its unfolding results remains unresolved, hidden, unattended to, and catastrophic.
The Obama subprime mortgage case was in Illinois, I am informed.
A very informative link regarding the Pres Obama subprime court case establishing the bank precedent for issuing sub prime mortgages:
Life, liberty, and the pursuit of happiness was originally life, liberty and property in the Constitutional Convention discussions.