With George Noory
Live Nightly 1am - 5am EST / 10pm - 2am PST
Shows

Coast Insider

Not a member? Become a Coast Insider to stream or download new and past shows!
Advertisement

Coast Insider

Not a member? Become a Coast Insider to stream or download new and past shows!
Advertisement

Last Show Recap

Foreclosuregate

In the first half, spokesperson on the health dangers of genetically modified foods, Jeffrey Smith, talked about the battlefronts on the war for GMOs including the fight over glyphosate in Europe, and the DARK Act which concerns GMO labeling.

In the latter half, paranormal investigator and demonologist Andrea Mesich described working with cases of demonic possession and infestation, as well as commented on the current state of paranormal research.

Upcoming Shows

Fri 07-29  Dark Web & Hacktivism / Open Lines Sat 07-30  Dark Side of Bigfoot Sun 07-31  Strange Disappearances of Hunters Mon 08-01  American Shootings/ The Paranormal Brain Tue 08-02  Money Mafia/ Midweek Open Lines Wed 08-03  Patty Hearst Conspiracy/ Science of Death Thu 08-04  Life & Technology of David Adair/ Harnessing the Subconscious Fri 08-05  TBA/ Open Lines

CoastZone

Sign up for our free CoastZone e-newsletter to receive exclusive daily articles.

Foreclosuregate

Show Archive
Date: Sunday - November 14, 2010
Host: Ian Punnett
Guests: Greg Hunter

Ian Punnett welcomed investigative reporter Greg Hunter, who detailed how foreclosure mills are creating massive amounts of counterfeit promissory notes, so banks could legally foreclose on homeowners. "When you start drilling down on this, you're going to find all kinds of malfeasance," he declared. However, Hunter lamented, unlike the Savings and Loan crisis of the 1980's which saw about 1,000 people sent to jail, the current financial debacle has yet to yield any indictments, despite being forty times bigger. "Not a single person has been charged criminally," he marveled, "with what I think is the biggest fraud in all of history."

Hunter explained that promissory notes are a critical aspect of the unfolding Forclosuregate. These notes, he said, are supposed to act as proof that the bank has the right to collect on a mortgage. However, Hunter revealed, as the larger banks purchased mortgages in bundles, many of these promissory notes were lost. Likening the notes to physical dollars, Hunter pointed out that they are "financial instruments," and, thus, cannot be recreated or copied for official use. As such, he cautioned homeowners who are currently paying a mortgage that "you don't know what they're going to say at the end of 15, 20, 30 years of you paying." Along those lines, he shared one troubling tale of a man who paid off his mortgage and was then told that the deed to his home was essentially lost in the mire of the Fannie Mae and Freddie Mac meltdown.

Looking ahead to the future, Hunter warned about what he called "the Fed's biggest fear." He noted that many adjustable rate mortgages will be recast over the next year, resulting in a massive increase in payments for homeowners, peaking in November of 2011. However, the stream of income from the homeowners must continue in order to maintain the economy. Therefore, Hunter theorized that the Fed will take a number of dangerous steps in order to "keep interest rates artificially low until this clears out." This course of action would result in people staying in their homes and still paying their mortgages, but would also "destroy the dollar while you're doing it."

Related Articles

Deciphering an Old Dog's Trick

In an attempt to design better appliances, physicists have turned to nature in order to learn the secrets of how animals shake themselves dry. Using sophisticated technology, researchers have determined the science behind the process and why it is so successful for mammals of varying sizes. While 'the shake' is particularly potent for larger animals, which have looser skin, the study revealed that tiny creatures using the same technique can generate up to 20 g's of force to accomplish the drying feat. More on the story here.

Bumper Music

Bumper music from Sunday November 14, 2010

Advertisement