Posted on 06/05/2014 4:35:58 PM PDT by jazusamo
Diversity Police: Republicans are scratching their heads over the Obama regime's privacy-invading "National Mortgage Database Project." What's it for? That's easy: redistribution of wealth.
In an unprecedented federal intrusion, the president's most radical financial regulators — Mel Watt of the Federal Housing Finance Agency and Richard Cordray of the Consumer Financial Protection Bureau — are creating a massive discrimination database on as many as 230 million Americans.
It will encompass a mortgage holder's entire credit history — including credit scores and account balances — and all credit lines, from credit cards to student and car loans.
"Why are we collecting this amount of data on this many individuals?" asked GOP Rep. Randy Neugebauer of the House banking panel.
The key data that the agencies plan to collect involve "household demographics" — namely, "race/ethnicity." The database will be used to compare the credit outcomes of minority vs. white borrowers. Any statistical disparities will be used to make "disparate impact" bias cases against private creditors in a vast redistribution scheme.
The agencies even allude to this in their proposed rule, recently posted in the Federal Register and opened to public comment for just 30 days, half the normal time.
The FHFA and CFPB explain that they're going to use all these intimate details on families and their financial lives to "conduct research, performance modeling and examination monitoring." They're also going to share it with Attorney General Eric Holder, as well as state attorneys general and trial lawyers, to aid in their "investigations" of, and "litigation" against, the financial industry, which they've already shaken down for an estimated $100 billion since the mortgage crisis. Apparently, they're just getting started.
Then there are the privacy concerns.
(Excerpt) Read more at news.investors.com ...
I’m with you on this but I still haven’t found a way around not having a bank account or a credit card. I guess when the SHTF I’ll try harder.
Because all the busy bodies want to run my life...
That’s why I picked up smoking.
It causes busy bodies and statistics....
My friend lost his credit card and 3 hours he realized it and notified the card company. In that time of 3 hours, someone had charged $1500 on his credit card. So robbers will just take your credit cards. Since there is a limit on how much we are liable for fraudulent charges on credit cards, the loss will be passed on to all commerce in the form of higher commissions, higher prices and higher taxes etc.
BTTT on that statement.
Pizza Patron, a Dallas pizza chain, raised minor furor a few years ago by saying they’ll accept pesos along with dollars at their stores. You could very easily see the same thing happening across the country, with Mexican or Canadian currency becoming an acceptable alternative to the American dollar.
Because there isn't much fire in the belly for creative dissent in this crowd. Lots of folks rolling over and whining how all is lost, though.
/johnny
That's what the outer districts are for.
They want to know what everybody's assets and investments are so they can use the asset forfeiture laws to seize them.
What do you think the NSA has been doing with all that data they have been collecting? They are documenting the federal crimes that people commit. There are so many federal laws now that the average person unknowingly commits three felonies a day (see Harvey A. Silverglate's book "Three Felonies a Day").
Ever downloaded a movie from the Internet? $250,000 fine and 5 years in prison.
One of these fine days we are going to wake up to discover that the feral government has seized the bank and investment accounts of half the population (the half that doesn't support Democrats) on the pretext of the long list of federal crimes the NSA has documented.
They don't have to prove anything. That's the beauty of asset forfeiture. All the government has to do is accuse somebody of something and take their stuff. Doesn't matter if any charges are ever filed. Once they seize it, you're never getting it back.
/johnny
Ok. Then what?
You have nothing left to lose(if you are stupid enough to sit still for the shearing). What is your next move?
/johnny
Play right into their hands so they have an excuse to roll out Ubama’s civilian Nazis.
You are correct — there will be an alternate currency. Not sure it will be pesos or Canadian dollars, or silver or 14K gold — or bitcoins.
I certainly hope the whiners of FR aren't reproducing. We need some folks with the ability to resist in our ranks.
/johnny
BTTT
/johnny
The new One Hundred Dollar Bills are out...I got six of them today at the bank...all a first time distributed. Really different paper, design, and a purplish blue line near the middle...a strange small emblem that could be the tracking system.
Because the books and movies are extremely popular and speak to a new generation about the nature of government power. If you want to speak to a young person about politics, it is good to speak to them in a language they already know.
Hunger Games was written by a very liberal woman, but like a lot of arrows they shoot, it wildly misses, because it works much better as an anti-Progressive story than an anti-Conservative one. It is a story of a future Tea Party movement.
I have no time to waste on crap like that. The young people I deal with know that I will avoid or break stupid rules in a heartbeat, and are well aware that I see most government as no better than a tarted up shakedown/protection racket that must be subverted.
/johnny
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