In our last episode we left off with a question of consummation.  This leads us to the next "challenge to ownership" of who is actually giving the "MoD" money?

 

At the time of our experiences we didn't realize that the money was coming from Wall Street Investment Banks through a new product and process known as "SECURITIZATION" (SECZ).  Nor was there an apparent reason to care because we were making large amounts of fiat currency on a regular basis.

  • Side Note: World History is littered with stories of companies that have made and continued to make 100's of millions of dollars per year beginning wrong.  They continue this pattern without fear of recourse because there's no incentive for them to change.  They rely on other people's reliance on conditioned presumptions.

The "SECZ" era created magic and magic has a basic flow (see the explanation from the Hollywood Movie called "The Prestige").  Here's how magic relates to the Securitization Era.

Every great magic trick consists of three (3) parts or acts.

 

  • The first part is called "The Pledge". The magician shows you something ordinary: a deck of cards, a bird or a man. He shows you this object. Perhaps he asks you to inspect it to see if it is indeed real, unaltered, normal. But of course... it probably isn't.

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  • The second part is called "The Turn". The magician takes the ordinary something and makes it do something extraordinary. Now you're looking for the secret... but you won't find it, because of course you're not really looking. You don't really want to know. You want to be fooled. But you wouldn't clap yet. Because making something disappear isn't enough; you have to bring it back.

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  • That's why every magic trick has a third act, the hardest part, the part we call "The Prestige".  The prestige is where the Magician brings that something BACK.

In our SECZ era magic also has 3 parts or acts.

  1. The Pledge - this is where the Investment Bankers (Magicians) start soliciting money from 3rd parties in return for BONDS (Certificates) that are backed by a "pool of mortgages" (ASSETS).  The parties that make this initial investment are known as "CertificateHolders" and they are guaranteed a "Return on Investment" based on the quality of the "Assets backing the BOND".  This is an apparent very standard expectation of and from real property assets.  Your security doesn't move.  Your security has a known payer of monthly funds.  Your security has a history of performance.  "the Pledge"

  2. The Turn - at this point the actual ASSETS are not attached to the BONDS and the product that the CertificateHolders are purchasing are without ANY backing.  However, the Investment Bankers pay the bargained for "ROI" anyway...furthering the illusion.  No one, at this stage, is considering the well settled issue that when any asset is used as a backing for another "security instrument" it is no longer the original asset, but is merged into the aforementioned BOND.  (See Carrots to Carrot Juice)  So at this point of the Act who OWNS the original (if existing) asset? Who has the quintessential right to enforce and right to collect?  Who is part of the TITLE?

  3. The Prestige - at this point the question for the M/B should be, "how do i get the TITLE that i bargained for at the creation of the Mortgage Event when I can't figure out who I owe money to"?  How does anyone discharge the debt obligation?  How does the Magician bring BACK the TITLE and OWNERSHIP to the M/B?

WHERE GOES THE CHAIN OF TITLE?​  We have a property to save.

[Season 1, Episode 3]