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THE TRUTH ABOUT OUR DEBT

PAGE 2

Pulling us out of the mainstream

The Commissioners, Sheriff and Clerk and Recorder don't appear to care why should you?
Opinion and commentary by reggie.paulk@gmail.com

ROBOSIGNING IN GRAND COUNTY

grandcountyuncensored.com

July 2011, Volume 1, Number 4 || Free

fraud /frd/ Noun 1. Wrongful or criminal deception intended to result in financial or personal gain. (source: Google dictionary) If you knowingly write a bad check or sign a check using a name not your own, you are committing fraud. In Colorado, you are liable for treble (triple) damages resulting from such fraud. In Grand County, the Sheriff will arrest you for committing the above acts, and you may face both criminal and civil penalties. But Grand County, like the state of Colorado and the federal government, appears to have a twotiered legal system one that applies to common citizens and one that applies to large financial institutions and mortgage companies. In Grand County, our mortgage records are crammed with fraudulent mortgage assignments documents intended to show and transfer legal ownership of a property. Since October of last year, I've been presenting evidence of this fact to our current body of county representatives, but have been met mostly with a detached indifference. Who cares if a $300,000 mortgage lacks the actual notary signature required by law in order to be properly recorded? They don't. And why should they? As long as the properties continue to generate tax revenues, it's all goodright? Grand County's property records have only limited access through their online database. If you want to see the actual recorded documents on file with the Clerk and Recorder, you have to go to the courthouse. I decided to drive to Hot Sulphur Springs and spend 30 minutes looking through their database of mortgage assignments to see if I could find any fraudulent assignments. I was not disappointed. In 30 minutes, with little effort, I found no fewer than five mortgage assignments with one person's 'signature' that were either blatantly forged or missing entirely and all of these from just one bank. The notary, Heather Stone, must not get much sleep. Either that, or there are a lot of 'Heather Stones' out there. I think the latter is the case. I'll present photos of the signatures to the right, but here are the reception numbers on file at the courthouse so you may check them yourself: 2009008292 (No signature) 2009005654 2009005656 2009003646 2009007983

WILL THE REAL HEATHER STONE PLEASE STEP FORWARD?

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HEATHER STONE REVEALED

So who is this elusive Heather Stone? Does she even exist? What does her actual signature look like? To find out, I contacted Johnna Ballinger at the office of the Secretary of State in Frankfort, Kentucky (Heather Stone's notary seal is located in Kentucky). Ms. Ballinger is the Trademark/Service Mark/Notary Program Coordinator for the state, and she sent me a PDF of the original application Ms. Stone submitted for her notary privileges. This is Ms. Stone's actual signature:

Does that signature look like any of those on the previous page? And what of the missing signature? That document had only the notary seal, and the property it's attached to is not legally assigned. I did a bit more digging and found mortgage assignments containing Heather Stone's seal and missing signature in other counties in Colorado from the same dates. Here's the link to a record of an assignment in Arapahoe County that is missing her signature: http://tinyurl.com/3q98wbx Beginning on October 11th last year, I began making inquires with Grand County's Commissioners, Sheriff and the Clerk & Recorder. None of the offices responded with anything more than a passing interest in this subject, which is alarming considering the magnitude of fraud across the entire mortgage space in this county alone. The bottom line is this: either we have the rule of law in our country or we don't. I know of people in this county who've spent time in jail for writing bad checks. They broke the law were convicted and paid the price for their crimes. There is blatant fraud occuring in the mortage space within our county records. The law is clear in this regard. Just because it's being broken by financial institutions such as Goldman Sachs, Bank of America, U.S. Bank, Wells Fargo, Chase and the like, is no excuse for it not being enforced. Even today, banks are engaging 'robo signers' like Heather Stone in the mortage space. In addition, our attorney general, along with the other 49 states' attorney generals, are actively trying to find a way to let the banks off the hook with a slap on the wrist and a pittance of a fine, as this Reuters excerpt shows: "State attorneys general are negotiating to give major banks wide immunity over irregularities in handling foreclosures, even as evidence has emerged that banks are continuing to file questionable documents. A coalition of all 50 states' attorneys general has been negotiating settlements with five of the biggest U.S. banks that would include payment of up to $25 billion in penalties and commitments to follow new rules. In exchange, the banks would get immunity from civil lawsuits by the states, as well as similar guarantees by the Justice Department and Department of Housing and Urban Development, which have participated in the talks." (source:
http://tinyurl.com/3gmrzy2)

Look folks, there is absolutely zero risk of default based upon payment flows without a deal. None. Nada. Zip. Take a look at the monthly treasury statement, otherwise known as 'MTS.'(visit:http://www.fms.treas.gov/mts/mts0611.pdf) There's no magic here. The heavy revenue months are January (Corporate 1120 filing deadline), April (tax day, of course), June (estimated taxes), September (estimated taxes) and December (estimated taxes and end ofcalendar year deposits). The other months, of which July and August are two, tend to be significantly lower revenue months. But when I say "significantly lower", I am still referring to somewhere around $150170 billion in tax revenues. Here we go, assuming we have $150 billion (I'm a pessimist) in revenue to spend. First, there's what we must pay. That's $29 billion in interest. We have $121 billion left. Everything else is, legally, a choice. Social Security ($49.2 billion, Medicare (28.6 billion) and Medicaid (21.4) billion are up next. They're big. If we pay them all without exception we now have $21.8 billion left. We can pay military active duty pay and IRS tax refunds (you're going to have trouble getting people to send in taxes in the future if you simply steal them) which total $2.9 billion and $3.9 billion, respectively. We can also pay Veterans benefits ($2.9 billion). We're left with $12.1 billion. We now have a choice. We can pay a third of the defense vendor payments, or nearly all of unemployment benefits, most of which are not insurance they're extended benefits. Those are $31.7 billion and $12.8 billion respectively. We cannot, however, pay both, and whichever we choose we just ran out of money. That means we can't pay TANF ($7.1 billion), federal salaries (awwwwww, that's $14.2 billion) or the Department of Wasted Minds (otherwise called 'education') at $20.2 billion. HUD gets stiffed ($6.7 billion), energy, highway admin and justice. I suggest, incidentally, that for the Department of Justice we let Mexico have Eric Holder and his pals at BATFEthey'll take care of that for us. There's much more of course, but this outlines the problem. It also outlines the solution.

TIME TO EAT OUR PEASKarl Denninger @ marketticker.org

If that's not a twotiered banana republic of a legal system, I don't know what is. If you don't think the banks should get away with this, call or email our local representatives with your opinion on the matter. Maybe then they'll listen. Here are their details: Comm. Gary Bumgarner: gbumgarner@co.grand.co.us Comm. James Newberry: jnewberry@co.grand.co.us Comm. Nancy Stuart: nstuart@co.grand.co.us Sheriff Rod Johnson: rjohnson@co.grand.co.us Clerk & Recorder Sarah Rosene: srosene@co.grand.co.us

We will not default in August, unless Treasury intentionally spends the money that they are legally required to pay in interest on the equivalent of 'prostitutes and cocaine' instead. However, a refusal to pass the debt increase will force an immediate balanced budget. If you think we can't find 50% savings in Medicare and Medicaid, I assure you we can. We have to fix the entire medical system, starting with refusing to give away billions to illegal aliens in 'free' medical care along with permitting medical drug and device vendors to pricefix in this country while selling for far less everywhere else in the worldfor openers. We also have to deal with the fact that not everyone can be given a triplebypass and two new hips when they're 70 the money doesn't exist. Unemployment insurance? It's supposed to be 26 weeks that's actually insurance since premiums are paid for. Cut off the extended programs. Poofthere goes a lot of spending. Federal salaries and benefits? Cut 'em in half. Anyone who doesn't like the deal can quit. With as many unemployed as we have, there will be plenty of people willing to work for the offered wage. Education Department? Gingrich told us in his 'Contract for America' it was going to go away. There's no time like the present. Poof. HUD? Poof. Justice? Legalize pot tomorrow. There's more than enough tax revenue from that to cover the expense, not to mention the decrease in the cost of jails with all the people we'll release the next morning. Resolved. Health and Human Services grants? Poof. 'Other spending?' If you can't itemize it then it must not be important. Defense? Now that's a tough one, but I've got an answer. President Obama told us he was going to leave Afghanistan and Iraq when he campaigned in 2008. Well, let's do it. Like now. As for those who want paid for past performance they'll have to wait. We'll pay 'em, but not today, and we won't need so many tanks, body armor sets and bullets going forward since we're brining the boys home immediately. Our GDP is being overstated by more than 10%, and has been for the last three years running. If we balance the budget we'll be forced to recognize what condition our economy is truthfully in and has been since 2008a Depression. The time for lies has passed ladies and gentlemen. It is now time for truth.

Contact the editor: reggie.paulk@gmail.com (303)5527963