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Russia Took Aim at US Housing and Fired Warning Shot.

The claims may be inflammatory however, Hank Paulson, former US Treasury Secretary during the 2008 financial crisis that saw the bursting of the American housing bubble says he was approached by Chinese senior leadership who claimed that during our 2008 financial crisis, they wanted to partner with China to sell Fannie Mae and Freddie Mac securities in hopes of further crippling the US financial markets.

Hank Paulson, “Here I’m not going to name the senior person but, I was meeting with someone…. This person told me that Chinese had received a message from the Russians which was, “Hey Let’s join together and sell Fannie and Freddie securities on the market” The Chinese weren’t going to do that but again, it just, it just drove home to me how vulnerable I felt until we had put Fannie and Freddie into conservatorship.”

For many years now, I have been writing blogs on just how terrible our debt crisis is. I have been land blasted by the progressive liberal left that argue we don’t have a debt crisis and my fears are unfounded….or even worse, the stuff of conspiracy theories. I have stayed true to my believe that having so much of our debt controlled or in the hands of foreign countries that aren’t allies of America is dangerous and one day, may come back to haunt us. The quote from former Secretary of the Treasury further strengthens my position that wars in the future will expand to more than just ground forces taking over a sovereign nation however, digital warfare and economic warfare will become more common in this new century.

If you don’t see the urgency of our debt crisis and how our uncontrolled spending could be a fatal shot to our economic health as a country….just ask Russia what their opinion is. Based on this communication Hank had with China, our enemies see our debt crisis as an opportunity to bring us down. The fact that Hank would come out and say this now should be eye opening, it should shake this country to it’s very foundation. Lady Liberty will be crushed under the mighty weight of debt….a burden she isn’t naturally strong to carry.

My point, is that our Liberty, our Freedom, our America can only survive, thrive, prosper when we as a country are not vulnerable to outside economic warfare. Our problem is, economic warfare is preventable, it’s easily remedied by controlling our spending however, like a meth addict, what is it going to take for us to hit our preverbal bottom….what do we have to go through before those dependent on the system wake up and ask themselves not what your country can do for you but, what can you do for your country?

By then, it may be too late.

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I am writing this blog because I came across something today that shocked me. I was reviewing a Master Listing Agreement with a massive nation wide company, who will go unnamed. In one of it’s paragraphs it read…. “Listing Broker additionally agrees to indemnify and hold harmless the indemnitees for and from all claims brought by, through or under owner and EXPRESSLY INCLUDING WITHOUT LIMITATION THOSE CLAIMS PRETAINING TO OR ARISING FROM NEGLIGENT OR WILLFUL ACTS OF OMISSIONS OF (unnamed company).” In short, they are saying, the Listing Broker agrees to indemnify or secure them from hurt, loss or damage when they commit negligence or willful acts of omissions. Just so we are clear, the vast majority of insurance companies do not cover negligence or willful acts of omissions so, in other words, you, the listing agent, your broker are responsible for paying legal fees, judgments or whatever else they incur if they are ever sued, even if they are clearly in the wrong! What scares me the most, the Project Manager I was speaking with informed me, it’s just they way it is and since they have agents signing up left and right, it most likely isn’t going to be amended because, everyone is agreeing to this. READ YOUR AGREEMENTS AND HAVE THEM REVIEWED BY AN ATTORNEY. In my opinion, this is a horrible way to do business. I don’t know how you can get around it but, I am not doing business with anyone who has this type of agreements, it is just dangerous!
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