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Paupers In The Land Our Forefathers Conquered

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A long time ago, in an America now far, far away, the majority of the American people owned the land that they live on.  The term “my land” actually meant something back then.  But today that has fundamentally changed.  Now the majority of the American people owe on the land that they live on.  In fact, most of them owe big money to the giant corporate banking interests that control the mortgage industry.  So how did the American people come to be debtors and paupers in the land that our forefathers conquered?  Today when someone says that they “bought a house” what they really mean is that they have signed up for 30 years (or more) of bloated mortgage payments which they care barely afford.  As you will see below, the percentage of residential mortgage debt to total home equity (housing net worth) in the United States continues to rise at a staggering pace.  In fact, thanks to the housing crash, for the first time in American history residential mortgage debt far surpasses the total home equity owned by all Americans.  So what does that mean?  It means that the big corporate banks have more of an interest in America’s homes than we do now.

So how are we getting our land taken from us?

Well, you can thank rampant inflation and the housing bubble.

Back in 1980, the United States was pushing up towards a total of $1 billion in total residential mortgage debt.  It took us over 200 years to get to that point as a nation.

By 1990, the United States approximately doubled that amount and was sitting at about $2 trillion  in total residential mortgage debt.

By the year 2000, the United States had just about $5 trillion in total residential mortgage debt.

By 2008, the United States had over $10 trillion in total residential mortgage debt.

Do you notice a trend?

In just the past 30 years the amount of residential mortgage debt in the United States has increased tenfold.

Meanwhile, thanks to the housing crash, home equity has taken a nosedive.  As you can see from the chart below, total residential mortgage debt in the U.S. now far exceeds total home equity….

So what does this mean?  It means that the banks have more of a financial interest in America’s homes than we do.  It means that we are quickly becoming paupers and debt slaves.

As you can see from the chart below, back in 1945 total home equity as a percentage of home value was extremely high (80%).  Home equity exceeded total residential mortgage debt by about a 4 to 1 margin.  But today total residential mortgage debt exceeds home equity and the situation is rapidly becoming worse….

We were all told to buy into the system and we could live the American Dream.  We were told to get a “good job” with one of the big global corporations and we were told to get a mortgage so that we could build up equity.  Well, that has turned out great for most of us, hasn’t it?

The reality is that the system so many of us trusted is dying.  We are now at the point where the system cannot provide jobs for millions of us anymore.  If unemployment continues to soar as it has, millions more of us will find ourselves destitute and homeless on the continent our forefathers conquered….

So how did all of this happen?

Back in 1913, the U.S. Congress gave control over U.S. currency to the Federal Reserve.  Since that time, the value of the U.S. dollar has slowly been eroded.  $1.00 in 1914 (the year after the Federal Reserve was established) had about the same buying power as $21.59 in 2010.  That means that the U.S. dollar has lost over 95 percent of its purchasing power since then.

So the accumulated wealth that our parents and grandparents hand down to us is being constantly devalued.  The only way to keep up with rising prices on land and on everything else is to go out into the system to get more of the “currency” that is controlled and manipulated by the Federal Reserve and the big corporate banks.  But what most of us don’t realize is that the game is rigged to slowly transfer the wealth of the nation over to them.

The house always wins in the end.

Thanks to the greed and stupidity of the American people, we have accumulated the biggest mountain of debt in the history of the world.  It was a fun party while we were piling up all the debt, but now the bankers have us where they want us.

If only we had listened to those among our founding fathers who warned us about this trap.

For example, the words of Thomas Jefferson in a letter to John Taylor dated May 28th, 1816 ring more true today than they ever have….

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

The truth is that the American people are being swindled and most of them don’t even realize it.  The wealth of America is slowly being transferred to the big banks.  All of the interest that we pay month after month after month makes them rich.

The financial system of the United States is broken.  But until the U.S. economy totally collapses most Americans will not realize it.  By then it will be far too late.


  • Andy

    If you manage to pay off your mortgage (like I have), you will continue to pay rent to the government forever in the form of property taxes.

  • Please tell me if I am understanding this correctly:

    If the American people were to buy controlling stock in U.S. banks, then the people could hold the controlling interest as to how the funds are handled?

  • Laura

    I agree. We have lost the country and all the lies about a recovery most believe. Yet unemployment rises and good jobs are outsourced. People with college degrees are working at low wage jobs. Younger ones starting out have no future unless they know someone who can line them up in a good job. Most will end up with a hopeless future. Many have quit voting as both parties are working for the elite.

  • Re: “… the U.S. dollar has lost over 95 percent of its purchasing power …

    If the stated value, of “Federal” Reserve notes, declines enough with respect to copper and nickel, the 1946-2009 U.S. Mint nickels, composed of cupronickel alloy, could become somewhat rare in mass circulation.

    The April 23rd metal value of these nickels is “$0.0625836” or 125.16% of face value, according to the “United States Circulating Coinage Intrinsic Value Table” available at

  • The American people have been asleep far too long in regards to this major issue. Now, the United States is turning into another third world country and its happening right before our very eyes. My granddad was alive for the first depression in 1929 and told me it was really bad, but people today do not have the survival skills people had back in the 1930’s. One day real soon, you will see the stock market plunge and lose about 1/2 of its current value, and then plunge even further because our currency is totally useless. Do not beleive the lies that the government is telling about unemployment being 9.7 percent, it is in reality about 20% plus. Our founding fathers knew what a revolution was but the one that is coming will be so devastating we currently have no idea just how bad it will really be. May the Lord help us all!!!

  • Ralph Nadeer

    I talk to people about the banks and money every chance I get, and the sad fact is that people don’t know anything about money and don’t care to know. This ‘dumbing down’ of ‘consumers’ from citizens is not a coincidence. The US Govt. has been waging a counter insurgency against the American People since before JFK got whacked.

  • Mama K

    “The Land Our Forefathers Conquered” was stolen from and developed on the backs of people of color who STILL pay the price. The US *deserves* this.

    Call it karma.

  • Mountainaires

    Mama K,

    The US *deserves* this; if you live in the US, you will pay too, either through higher taxes, or fewer services. For example, at least 1 million unemployed Americans are getting ready to lose their unemployment payouts. Congress has decided to end unemployment benefits after 99 weeks, just short of 2 years. What happens when those 1 million people stop getting unemployment benefits? They will be homeless; they will become predators, most likely in poorer neighborhoods, stealing from and engaging in thuggery and violence against those who still have something. You won’t be able to call police, because there are fewer police to come stop the violence and predation. There won’t be anyone to call; people will be on their own. Food costs have risen astronimically in the past year; they will continue to go up; ordinary Americans will find it harder and harder to afford food, and if fuel costs go up, trucking companies will go out of business and won’t get food to stores in the normal manner, so there will be less food to buy. What will poor Americans in urban areas do then? People who live in the country will be able to grow at least some of their food; people in cities will have to riot and steal theirs.

    Trying to make this about race is pointless; when there is no money left, race-baiting won’t save you. So, try to think in terms of what’s best for all of America, not just how you can exact revenge for some imagined slight hundreds of years ago. You’ve never in your lifetime suffered anything like what you are about to suffer. It’s not about “race,” it’s about money–who has it, and who doesn’t.

  • It still impresses me to this day how so many people blow off the founding fathers as outdated wisdom.

    What they forget is that some wisdom is so great, it transcends time.

    This worldwide debt that America suffers; I’m starting to feel it in Canada as well. The housing bubble, the inflation; everything. But I’m not going to simply sit back and let those things eat away at the wealth I intend to build..

  • Your premise that more people owned or at least had a deed to their home in the past is incorrect. Home ownership rates have risen since the 1930s, due to banking reforms instituted during the New Deal.

    In the past, we didn’t tend to own homes. The one exceptional group was agricultural areas where white males tended to be granted land or could buy land with a mortgage.

    Mortages were not available to women and people of color. Land ownership was denied to women. Also, in some areas, either by custom or law, some people of color were not allowed to buy land.

    In cities, it was more customary to be a renter than an owner, simply because subdivision of land cannot be performed on a multistory apartment building – you need to go co-op or condo.

    So, numerically, home ownership has only increased until the most recent collapse.

    Among white males, however, it might seem that it’s become tougher to be a homeowner. That is partly because white males no longer have a government sponsored monopoly on the privilege of owning land. But, mostly, the economy’s been tough on everyone.

    Welcome to the tough life. It’s a lot harder when you’re not having women and slaves carry you around, ain’t it?

  • Zamachovski

    Enough of the white guilt tripping liberal socialist commentary. Conquered is the right term. If you examine history you will see that this system was done to european pagans first via the church and their “business model”. They also had their land “Stolen” to be owned by the holy roman empire. You can’t have something stolen if you do not own it. The indians could not demonstrate ownership so the land was taken by a technologically more advanced culture. This could be done because they merely had custodianship. This was and is not recognized as the same thing as ownership. In any case according to their own histories the indians themselves had to war with another group in order to settle the land when they came in so they did the same thing – they genocided them. The difference is now you were not defeated by a militarily stronger or more tech advanced society you have been swindled out of it and all they had to do was infiltrate and change your culture. Lastly whites were slaves and indentured servants before blacks so save the people of colour minority victim routine.That’s why you have this problem in the first place. The socialists pandered to whatever minority they could by giving them “free stuff” and rights at others expense, and bogus pretended equality which does not exist in a truly free and meritocratic society which america once was. Welcome to the USSA the United Socialist States of Amerika. You wanted equality? you can all be equal as slaves in the Gulag after everything else which were temporary but necessary steps evaporates.

    Eat socialism chumps.

Finca Bayano

Panama Relocation Tours



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