Sun Trust Bank Maliciously Cancels Account, Keeps the Money Defrauding Customer & Doesn’t Adequately Inform Customer – Sun Trust Rico Violations

April 25, 2009

Dear Federal Reserve Inspector General Elizabeth Coleman,

I am writing this letter to urgently request a thorough investigation of the practices of Sun Trust Bank, which has recently maliciously cancelled my bank account because I filed a complaint with the Federal Reserve.

Even worse than cancelling my account, Sun Trust bank cancelled my account and kept the few hundred dollars (positive balance) I had within that account and did NOT send me a check when they sent their letter of cancellation. Moreover Sun Trust Bank did not adequately forewarn me that they were cancelling my account, but sent me a letter which I received Friday evening after returning home from work. Therefore I and my family were without money all weekend (as Sun Trust Bank knows since my transaction records reveal I use my check card for all purchases).

Incidentally therefore I rarely carry cash with me. Moreover because I am a school teacher and only get paid once a month, at the end of the month, which is currently set up for automatic deposit at Sun Trust Bank, I will now not be able to sustain my family for the remainder of the month of April, nor May (as the county school board shall now hold my paycheck until the end of May). Today when I went to the Aveda Salon for my first haircut (free), I was unable to tip the young lady named Amy who cut my hair (today being her birthday) because Sun Trust Bank cancelled my account without forewarning and when they sent the letter of cancellation timed it perfectly to arrive at the end of the week to inflict the most harm (knowing that customers they are terminating will be less likely to prepare for the inconvenience and financial difficulty).

The maliciousness and intent to harm its customers who file complaints with the Federal Reserve to evaluate consumer complaints should not be tolerated by the Federal Reserve. I urge you to commence a thorough investigation of Sun Trust Bank cancelled accounts to thoroughly evaluate the motivations for cancelling customers accounts with a positive balance.

I am currently preparing a PR campaign and consumer advocacy initiative to forewarn consumers and gather all disgruntled and maliciously mistreated customers of Sun Trust Bank across the nation to join in a class action lawsuit.

Honorable Inspector General Coleman, for your name sake, the integrity of the Federal Reserve, and to uphold the consumer rights of the American people I urge you to at your earliest convenience to commence a full fledged investigation of Sun Trust Bank for cancelled accounts of customers with a positive balance.

No bank governed and regulated by the Federal Reserve should be able to maliciously with the intent to inflict pain and suffering upon customers for inquiries to the Federal Reserve concerning bank practices, be permitted to cancel customer accounts because they do not want Federal Reserve scrutiny and oversight.

Given federal RICO laws permit punitive damages to be assessed upon banks and companies seeking to silence and harm whistleblowers, I again urge you to at your earliest convenience launch a full fledged investigation as to the motivations of Sun Trust Bank for cancelling customers accounts with a positive balance.

I simply requested the Federal Reserve in February of this year investigate why Sun Trust Bank was allowed to charge me $170 for a few small overdrafts on a my Sun Trust check card (which they informed me when I opened the account would not work when there weren’t sufficient funds in the account), when I within 5 days replenished my Sun Trust account with a $2,600 deposit.

Obviously, Sun Trust Bank is blatantly trying to punish and harm me for filing this matter with the Federal Reserve and seeking your wise oversight. Now to make matters a hundred times worse, Sun Trust Bank has now cancelled my account without forewarning causing my family great personal inconvenience, harm, and pain leaving us without access to hundreds of dollars in our bank account and no way to receive my school teacher paycheck at the end of the month of April.

My salary sustains my family and Sun Trust Bank is well aware of its malicious behavior intended to inflict as much pain and suffering as possible. Moreover my monthly payments from ExpoTV set up on paypal have also been deposited into my Sun Trust Bank account, which I also have been unable to access and withdraw.

I kindly urge you to please act on my and other defrauded consumers behalf so we can get our personal checking account monies returned to us, which Sun Trust Bank has been keeping upon closing our accounts without forewarning.

No bank governed and regulated by the Federal Reserve should be able to maliciously with the intent to inflict pain and suffering upon customers for inquiries to the Federal Reserve concerning bank practices, be permitted to cancel customer accounts because they do not want Federal Reserve scrutiny and oversight.

Sincerely,

Paul F Davis – consumer advocate, worldwide speaker & author

www.PaulFDavis.com

RevivingNations@yahoo.com

Paul F. Davis is a worldwide speaker who has touched over 50 countries & 6 continents building bridges cross-culturally and empowering people throughout the earth to live their dreams!

Paul is the author of 17 life-changing books. Paul’s incredible depth and rich writings make him a notable and unforgettable speaker able to impact any audience.

Paul has appeared on numerous internationally broadcasts from Oprah & Friends to Fox News to talk about conflict resolution, peacemaking, foreign policy, and diplomacy. By reason of his global travels, Paul is a highly sought after diversity and multicultural awareness speaker.

Playboy Radio Afternoon Advice host Tiffany Granath calls Paul an awesome relational coach and recommends his books on love, dating, and sexuality.

Paul worked at Ground Zero in NYC during 9/11; helped rebuild a home at the tsunami epicenter; comforted victims of genocide in Rwanda; spoke to leaders in East Timor during the war; inspired students & monks in Myanmar; promoted peace & reconciliation in Pakistan; and has been so deep into the bush of rural Africa where villagers had never before seen a white man.

Academically outstanding Paul humorously and elegantly transforms individuals and organizations. Paul empowers people to love passionately and live fearlessly.

http://www.PaulFDavis.com

RevivingNations@yahoo.com

Dare to Believe, Become & Live Your Dreams!

http://www.youtube.com/watch?v=q0zS3qZtS9Y

Healthy Relationships Speaker

http://www.youtube.com/watch?v=5s1w7YuZT0Q

Overcoming Adversity Speaker to Empower You to Live Victoriously

http://www.youtube.com/watch?v=kXLjy29PMXo&feature=related

World Peace Over Propaganda & Demonizing Nations

http://www.youtube.com/watch?v=oRMw9iq7UdA

Protect Our Planet from Plundering Profiteers

http://www.youtube.com/watch?v=lPjrBOHLj3M

Wall Street Bull and Widespread Bankruptcy

http://www.youtube.com/watch?v=DonmOR8V7Nk&feature=related

Invite Paul to speak in your city and confront corruption!

RevivingNations@yahoo.com

Advertisement

President Obama – Yuan Currency Manipulation, China RMB Rate

U.S. Senate Banking Committee Chairman Chris Dodd responds to reporters concerning his expectation of what President elect Obama will do concerning the China Yuan currency manipulation.

Buy China yuan while the American dollar is strong and wait for U.S. pressure legislatively to be applied during the Obama administration. Huge potential profits as the yuan gets released from captivity to rise to all-time highs.
 http://ads.easy-forex.com/Gateway.aspx?gid=104994

Learn currency trading & exchange secrets to make millions during the devaluation en route to economic globalization. https://paydotcom.com/r/73417/paulfdavis/20767083/

For those without much intestinal fortitude to ride the waves of change during this unprecedented global financial crisis, park your life savings in gold and watch the currencies of the world unravel after which you can reposition and relocate your fortunes in the appropriate currency of choice once stability returns to global financial markets. Gold has been a timeless and solid bet for savvy investors unwilling to risk their hard earned money. http://www.bullionvault.com/#paulfdavis

In June of 2007, despite pressure from the US Congress, the Bush administration refused acknowledge and cite China as a country that manipulates its currency to gain unfair trade advantages. Yet that finding was quickly challenged by a group of senators who said they would introduce legislation to make it easier for the United States to pursue economic sanctions against China for allowing its currency to rise in value more quickly against the dollar.

American manufacturers contend that China is undervaluing its currency by as much as 40 percent. Contributing to a recession and an unprecedented jobless rate in America, China yuan currency manipulation has produced a massive US-China trade gap exceeding an all-time high of $232.6 billion, one-third of America’s record deficit of $758.5 billion last year.

Expect a majority Democratic Congress and President elect Obama to take aggressive action against China for manipulating their currency and artificially keeping the yuan and RMB rate. The time for change has come and it will begin in the global economy as President Obama applies pressure with his economic team on countries like China who have manipulated their currency, held the yuan down, to profit handsomely at the expense of the U.S. economy.

The Obama administration will not mirror the passivity an complacency of the Bush administration, but rather take aggressive action to remedy the global market injustices and create a level playing field for all in the international markets. That being said, when the strategic economic dialogue is unveiled, as President Obama takes office on January 20. 2009, expect immediate pressure on China and Japan to stop the manipulation of their currencies.

China’s currency hit a new high against the American dollar on in June of 2007 when the United States’ congress began to increasingly demand China increase the value of the yuan more quickly. Once the People’s Bank of China complied and set the midpoint at 7.6282, the minute trading started the 7.63 barrier was instantly broken for the first time since China ended the peg to the US dollar in July 2005.

Although the China yuan is currently allowed to move 0.5 percent up or down the midpoint in a day, expect more pressure to be applied from the Obama administration and Washington upon China in the coming months. This will translate into record highs for those investing in China yuan, as its artificially low valuations break free and begin to rise to all-time highs.

Expect U.S. lawmakers, Chris Dodd, and the Obama administration to put unprecedented pressure on China to stop manipulating their currency and let the yuan rise to all-time highs. Once the controls on the yuan are lifted, the yuan a.k.a. RMB will hit record highs.

That being said, a very safe and wise long-term investment is the China yuan given the fact China holds over $1 trillion of U.S. debt and manufactures countless goods and products bought throughout America by salivating consumers lusting for Chinese items.

For more than half a century, US labor-intensive industry has mostly shifted overseas. Take the shoe industry for example. In 1976, in the US market 53 pairs of shoes per 100 pairs were domestically made. That figure dropped to 22 pairs in 1986; 11 pairs in 1996; and only only one and half pairs per 100 were domestically made in 2006.
Now, 98.5 percent of the shoes worn by Americans are imported. In 2005, the US imported 1.8 billion pairs of various kinds of shoes from China. The average American wore six pairs of shoes made in China.

American lawmakers are adamantly calling for punitive action against China if it fails to take faster action to let the yuan rise. Once President elect Obama enters the White House, expect immediate action against China to ensure compliance and a release of the yuan from captivity and Chinese governmental intervention.

http://ads.easy-forex.com/Gateway.aspx?gid=104994 – Buy China yuan while the American dollar is strong and wait for U.S. pressure legislatively to be applied during the Obama administration. Huge potential profits as the yuan gets released from captivity to rise to all-time highs.

Learn currency trading & exchange secrets to make millions during the devaluation en route to economic globalization.  https://paydotcom.com/r/73417/paulfdavis/20767083/

For those without much intestinal fortitude to ride the waves of change during this unprecedented global financial crisis, park your life savings in gold and watch the currencies of the world unravel after which you can reposition and relocate your fortunes in the appropriate currency of choice once stability returns to global financial markets. Gold has been a timeless and solid bet for savvy investors unwilling to risk their hard earned money. http://www.bullionvault.com/#paulfdavis

# # #

Paul F. Davis is a world-changer who has touched over 50 countries, more than 50 islands, and 6 continents empowering people throughout the earth to live their dreams!

Paul is the author of 14 books and premier life coach building dreams, breaking limitations, and transforming individuals and organizations. Paul is a change master that knows how to play with pain, while elegantly and humorously navigating through transition to ride the waves of change.

http://www.PaulFDavis.com
RevivingNations@yahoo.com
407-967-7553

China to Diversify Foreign Currency Reserves, Dump Dollars, and Invest its $1 Trillion Elsewhere

China will soon begin to diversify its foreign currency reserves and dump dollars by the billions. As China invests its $1 trillion from trade surpluses elsewhere, other central and foreign banks will dump dollars. We holding dollars will lose much. 

China’s spectacular trade surplus and mighty strength as the lender of last resort to many nations including America, which owes $10 trillion in debt, are raising eyebrows as many investors are dumping dollars and buying China’s Yuan, a highly undervalued currency.

http://ads.easy-forex.com/Gateway.aspx?gid=104994

http://www.bullionvault.com/#paulfdavis

[b]China’s plan to diversify foreign currency reserves is an unprecedented move away from the U.S. dollar.[/b]

The Chinese government announced the formation of a new agency to oversee investment of China’s $1 trillion in foreign currency reserves, representing a potent new force in international finance.

Finance Minister Jin Renqing offered no specifics about how much of the currency reserves would be made available to the investment agency. But analysts say the agency is expected to control one of the world’s biggest investment funds, and one that could singlehandedly alter the value of national currencies on a global scale. As China seeks more attractive investment earnings with its vast financial holdings and moves away from the devaluing dollar, expect the U.S. economy to take a nosedive. When it does (and already beforehand for savvy investors with sufficient foresight), watch for a run on the U.S. banks and widespread dumping of the dollar in favor of the Euro, Yuan, gold, and other safe havens.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

The Chinese government says one model for the agency was Temasek Holdings, the Singapore government’s successful investment agency, which manages an $84 billion global portfolio of investments.

China already has the world’s largest foreign exchange holdings, which is growing rapidly because of the country’s huge trade surpluses. According to the International Herald Tribune most of the reserves China now accumulates are conservatively invested in U.S. Treasury bonds and other government securities, which earn little return for China yet help to keep interest rates in the United States and other countries low.

The investment agency allows China to quickly diversify its foreign exchange holdings away from the dollar. Given the fact China and many Asian tigers loaning billions of dollars to the U.S. are disenchanted with America’s imperialistic foreign policy in Iraq, when disgust reaches its peak the dumping of dollars and non-renewing of loans to the U.S. could bankrupt the American economy.

China is ready to aggressively invest its huge trade surpluses as it seeks higher returns away from the dismal dollar. The impact of China’s emergence as a major global investor will be huge and a devastating blow to the U.S. economy as they progressively shift away from dollars in favor of more appreciating assets and higher yielding investments.

Rumor has it that China will soon begin dumping dollars by the billions. Before that happens, the American people would be wise to put their investments and protect their life savings in gold and other currencies such as the Euro and Chinese Yuan (which is greatly undervalued).

The biggest priority in these turbulent and troubling economic times is security, which the dollar no longer provides.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

The Chinese government announced the formation of a new agency to oversee investment of China’s $1 trillion in foreign currency reserves, representing a potent new force in international finance. China’s spectacular trade surplus and mighty strength as the lender of last resort to many nations including America, which owes $10 trillion in debt, are raising eyebrows as many investors are dumping dollars and buying China’s Yuan, a highly undervalued currency.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Finance Minister Jin Renqing offered no specifics about how much of the currency reserves would be made available to the investment agency. But analysts say the agency is expected to control one of the world’s biggest investment funds, and one that could singlehandedly alter the value of national currencies on a global scale. As China seeks more attractive investment earnings with its vast financial holdings and moves away from the devaluing dollar, expect the U.S. economy to take a nosedive. When it does (and already beforehand for savvy investors with sufficient foresight), watch for a run on the U.S. banks and widespread dumping of the dollar in favor of the Euro, Yuan, gold, and other safe havens.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

The Chinese government says one model for the agency was Temasek Holdings, the Singapore government’s successful investment agency, which manages an $84 billion global portfolio of investments.

China already has the world’s largest foreign exchange holdings, which is growing rapidly because of the country’s huge trade surpluses. According to the International Herald Tribune most of the reserves China now accumulates are conservatively invested in U.S. Treasury bonds and other government securities, which earn little return for China yet help to keep interest rates in the United States and other countries low.

The investment agency allows China to quickly diversify its foreign exchange holdings away from the dollar. Given the fact China and many Asian tigers loaning billions of dollars to the U.S. are disenchanted with America’s imperialistic foreign policy in Iraq, when disgust reaches its peak the dumping of dollars and non-renewing of loans to the U.S. could bankrupt the American economy.

China is ready to aggressively invest its huge trade surpluses as it seeks higher returns away from the dismal dollar. The impact of China’s emergence as a major global investor will be huge and a devastating blow to the U.S. economy as they progressively shift away from dollars in favor of more appreciating assets and higher yielding investments.

Rumor has it that China will soon begin dumping dollars by the billions. Before that happens, the American people would be wise to put their investments and protect their life savings in gold and other currencies such as the Euro and Chinese Yuan (which is greatly undervalued).

The biggest priority in these turbulent and troubling economic times is security, which the dollar no longer provides.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Record Foreclosures, Financial Opportunities, and Investment Strategies

[b]Record Foreclosures Across America![/b]

Beyond the immediate profits in investing in China’s Yuan (the world’s most undervalued currency for a nation who is America’s lender of last resort), the mighty Euro now used in 37% of all foreign currency exchange, and gold the monetary safe haven for centuries…

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Make money buying foreclosures

https://paydotcom.com/r/28053/paulfdavis/20767128/

The Mortgage Bankers Association is scratching its head wandering what to do with itself after the National Delinquency Survey released the ugly details of record breaking foreclosures sweeping across the United States. California and Florida are the leaders of the losers with the government of California itself currently seeking emergency bailout funds from the federal government as it approaches bankruptcy.

Widespread mismanagement of federal, state, and local government revenues is coming back to bite us!

Nevertheless as the delinquency rates continue to rise, there are some financially profitable investments out there. Let us not forget the old adage to “buy low and sell high”.

https://paydotcom.com/r/28053/paulfdavis/20767128/

Foreclosed properties are causing savvy investors to salivate across the nation. Even novices with no investment property experience are awaking to the wonderful deals and joys of leveraging other people’s money.

Many secrets to foreclosures can be easily learned, after which you too can be making tens of thousands of dollars. Working smarter rather than harder is what my dad taught me.

Foreclosure Profit Finder – a unique step by step system to profit buying foreclosures; find the ideal and most profitable homes; how to talk to sellers using our scripts; write up the contractual paperwork to tie up and secure the property; sell / assign or flip your deal to a hungry investor for cash; create a stream of income; and flip houses using our savvy investing system.

Discover how ordinary guys become wealthy from foreclosures without using their money or credit to make extraordinary profits!

Learn the foreclosure secrets only seasoned veteran real estate brokers know and refuse to share with even their friends.

https://paydotcom.com/r/28053/paulfdavis/20767128/

Paul F. Davis is a world-changer who has touched over 50 countries, more than 50 islands, and 6 continents empowering people throughout the earth to live their dreams!

Paul is the author of 14 books and premier life coach building dreams, breaking limitations, and transforming individuals and organizations. Paul is a change master that knows how to play with pain, while elegantly and humorously navigating through transition to ride the waves of change.

A savvy real estate investor, entrepreneur, and currency speculator Paul knows how to create opportunities and transcend turbulent economic times.

http://www.PaulFDavis.com

[b]Record Foreclosures Across America![/b]

Make money buying foreclosures – https://paydotcom.com/r/28053/paulfdavis/20767128/

The Mortgage Bankers Association is scratching its head wandering what to do with itself after the National Delinquency Survey released the ugly details of record breaking foreclosures sweeping across the United States. California and Florida are the leaders of the losers with the government of California itself currently seeking emergency bailout funds from the federal government as it approaches bankruptcy.

Widespread mismanagement of federal, state, and local government revenues is coming back to bite us!

Nevertheless as the delinquency rates continue to rise, there are some financially profitable investments out there. Let us not forget the old adage to “buy low and sell high”.

https://paydotcom.com/r/28053/paulfdavis/20767128/

Foreclosed properties are causing savvy investors to salivate across the nation. Even novices with no investment property experience are awaking to the wonderful deals and joys of leveraging other people’s money.

Many secrets to foreclosures can be easily learned, after which you too can be making tens of thousands of dollars. Working smarter rather than harder is what my dad taught me.

Foreclosure Profit Finder – a unique step by step system to profit buying foreclosures; find the ideal and most profitable homes; how to talk to sellers using our scripts; write up the contractual paperwork to tie up and secure the property; sell / assign or flip your deal to a hungry investor for cash; create a stream of income; and flip houses using our savvy investing system.

Discover how ordinary guys become wealthy from foreclosures without using their money or credit to make extraordinary profits!

Learn the foreclosure secrets only seasoned veteran real estate brokers know and refuse to share with even their friends.

https://paydotcom.com/r/28053/paulfdavis/20767128/

FBI Mortgage Fraud Task Force – Implications for Real Estate Property Appraisers in Florida

The FBI provided insight into the breadth and depth of mortgage fraud crimes perpetrated against the United States and its citizens, Florida being first and foremost on the list. Current mortgage fraud projections, issues, and hot spots in the troubled U.S. economy have enormous implications to the banking industry and real estate property appraisers in particular.

[b]Mid-State Appraisals founder Paul Davis is a trusted and reputable property appraiser[/b] frequently called upon by Central Florida’s banks, homeowners, and real estate investors to assess property values. A builder for over 20 years and also a real estate broker, Paul Davis brings a wealth of knowledge to the table as an appraiser.

http://www.midstateappraisals.org

midstateappraisals@earthlink.net

A combined effort between banks and real estate property appraisers is needed to adequately identify, prevent, report, and thwart mortgage fraud activity. The FBI’s Financial Crimes Criminal Investigative Division (CID) and Financial Crimes Intelligence Unit are aggressively and cooperatively reporting the latest developments and pertinent data to empower the nationwide mortgage fraud task force.

As mortgage fraud crimes escalate, the burden on federal law enforcement increases. With the anticipated upsurge in mortgage fraud cases, the FBI employed additional strategies to proactively address the crime problem. The FBI works with the Department of Justice (DOJ)-Mortgage Fraud Working Group on a number of mortgage fraud related issues, including the creation and finalization of standard loss valuation criteria associated with mortgage fraud violations, and assisting the banking industry with the construction of a centralized repository of mortgage-related documentation.

The valuation criteria and mortgage related documentation is where real estate property appraisers and their appraisals provided lenders are going to increasingly be monitored and regulated in the near future.

Currently the FBI has mortgage fraud working groups or task forces in 32 field divisions across the country. The FBI divisions stationed in Florida are based out of Miami and Tampa. Moreoever the FBI continues to encourage the use of undercover operations as an effective technique to address mortgage fraud.

The recent stock market crashes across global markets have strongly affirmed, mortgage fraud if not dealt with has the potential to cripple the American economy and all foreign economies closely connected to it. Suspicious Activity Reports (SARs) from financial institutions indicate an increase in mortgage fraud. SARs increased 31-percent to 46,717 during Fiscal Year (FY) 2007. The total dollar loss attributed to mortgage fraud is unknown. However, 7 percent of SARs filed during FY 2007 indicated a specific dollar loss, which totaled more than $813 million.

Subprime mortgage issues remain a key factor in influencing mortgage fraud directly and indirectly. The subprime share of outstanding loans has more than a doubled since 2003 putting a greater share of loans at higher risk of failure. Additionally, during 2007 there were more than 2.2 million foreclosure filings reported on approximately 1.29 million properties nationally, up 75 percent from 2006. The declining housing market affects many in the mortgage industry who are paid by commission. The FBI says during declining markets, mortgage fraud perpetrators may take advantage of industry personnel attempting to generate loans to maintain current standards of living.

Many of the key industry personnel often involved are real estate property appraisers valuing the homes and properties prior to bankers signing off on loans.

Data from law enforcement and industry sources identify the states most affected by mortgage fraud during 2007 and indicated that the top 10 mortgage fraud states for 2007 were Florida, Georgia, Michigan, California, Illinois, Ohio, Texas, New York, Colorado, and Minnesota.

The downward trend in the housing market provides an ideal climate for mortgage fraud perpetrators to employ a myriad of schemes suitable to a down market. Several of these schemes have emerged with the potential to spread as the recent rise in foreclosures, depressed housing prices, and decreased demand place pressure on lenders, builders, and home sellers. Emerging and re-emerging schemes for 2007 included builder-bailouts, seller assistance, short sales, foreclosure rescue, and identity thefts exploiting home equity lines of credit.

Fraudulent practices have become dreadfully systemic within the mortgage industry, as unrestrained mortgage fraud has bankrupted some of the best and longtime solid financial institutions. If the FBI fails to quickly regulate, enforce, and imprison fraudulent professionals within the banking and real estate industry, expect to see the dollar tank along with the U.S. economy. After which consumers will only be able to buy gold, Euros, or China’s Yuan to protect their life savings and investments.

http://ads.easy-forex.com/Gateway.aspx?gid=104994

http://www.bullionvault.com/#paulfdavis

Real estate property appraisers therefore may be the last line of defense to maintain accountability and accuracy before straw buyers succeed in excessively borrowing beyond the market value of a property’s worth and thereby jeopardize the security of loans throughout the banking industry.

Real estate property appraisers must like never before show due diligence when representing their fiduciaries the banks and report to legal authorities any manipulative and coercive attempts by lenders and borrowers to adjust property valuations they sign off on in their appraisal reports.

[b]Mid-State Appraisals founder Paul Davis is a trusted and reputable property appraiser frequently called upon by Central Florida’s banks, homeowners, and real estate investors to assess property values. A builder for over 20 years and also a real estate broker, Paul Davis brings a wealth of knowledge to the table as an appraiser.[/b]

http://www.midstateappraisals.org

midstateappraisals@earthlink.net

Secure Investments Considering World’s Best Banking Systems as measured by World Economic Forum

The World Economic Forum has identified the world’s soundest banking systems across the globe. Vital information for any consumer and investor to know in these devastatingly uncertain and turbulent times.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Canada has the world’s soundest banking system. Good news for me considering my wife is Canadian. Should this Yankee need to flee for a financial safe haven (and free health care), Canada will be a great option.

Closely behind followed Sweden, Luxembourg and Australia. As financial crisis and bank failures shake world markets, the survey by the World Economic Forum provided some enlightening and startling information about arrogant and seemingly (now questionably) economic super powers such as Britain and America.

Britain, which once ranked in the top five, has slipped to 44th place behind El Salvador and Peru, after a 50 billion pound ($86.5 billion) pledge this week by the government to bolster bank balance sheets.

The United States, where some of Wall Street’s biggest financial names have collapsed and been crippled in recent weeks, rated only 40, just behind Germany at 39, and smaller states such as Barbados, Estonia and even Namibia, in southern Africa.

The World Economic Forum’s Global Competitiveness Report is worth earnestly heeding and considering before investing in nations whose banking systems are problematic and given to systemic failures.

As for me, I’m extremely bearish on the dollar. Despite short-term gains based on momentary hype, patriotism, and the global credit crunch …look for the central and foreign banks across the globe to dump dollars and buy gold, Euros, Chinese yuan, and Japanese yen. The day of dollar dominance is over!

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

My advice to investors, follow the lead of the Central and foreign banks. Beware of listening to the U.S. media’s propaganda machine. The world is disenchanted with America thanks to the war in Iraq and U.S. military imperialism to prop up the dollar as OPEC’s currency of choice. America’s longtime arrogance is coming to an end with the death of the dollar.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

When the dollar dies, look for the global economy to say good riddance.

The top 20 ranked banking systems are:

1. Canada

2. Sweden

3. Luxembourg

4. Australia

5. Denmark

6. Netherlands

7. Belgium

8. New Zealand

9. Ireland

10. Malta 11. Hong Kong

12. Finland

13. Singapore

14. Norway

15. South Africa

16. Switzerland

17. Namibia

18. Chile

19. France

20. Spain

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Protect Your Savings, Learn from Foreign Central Banks and the Super Rich

In uncertain economic times as these when U.S. banks, government institutions, and the FDIC itself is nearing bankruptcy… don’t be unwise and bet on big brother to take care of you. Let’s not forget the United States of America is the world’s largest debtor nation with $10 trillion and counting amassing billions in interest daily.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Given America’s troubling foreign policy by which it irritates and alienates many of the nations holding its debt and Treasury bills, it won’t be long before the nations of the world and OPEC say no more and opt for other currencies over the dollar.

Be discerning and diligent to guard your hard earned assets and protect your life savings. Learn from the foreign central banks governing monetary policy of nations and the super rich, who diversify their currency reserves and are increasingly adding their holdings of gold, Euros, and Chinese yuan while dumping dollars.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Foreign Currency Exchange Swap Lines – What Central Banks are Whispering?

In response to continued strains in short-term funding markets, Central Banks across the world have coordinated actions to significantly expand the capacity to provide U.S. dollar liquidity. Central banks publicly commit to continue to work together closely and say they are prepared to take appropriate steps as needed to address funding pressures.

This should serve to drive up the value of the dollar on the short-term (for a month or so) until fear and panic eventually take hold and Central Banks one by one begin dumping dollars.

That being said, there are some short-term possible gains for those who invest in the dollar and substantial long-term gains for those who sell dollars while they are high and opt to invest and protect their savings in strong currencies such as the Euro and Chinese yuan. Of course a safe haven for consumers and investors with less intestinal fortitude would be gold.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

The U.S. Federal Reserve announced several initiatives to support financial stability and to maintain a stable flow of credit to the economy during this period of significant strain in global markets.

The Fed commits to continue to adapt these liquidity facilities as necessary and will keep them in place as long as circumstances require.

Actions by the Federal Reserve include:  (1) an increase in the size of the 84-day maturity Term Auction Facility (TAF) auctions to $75 billion per auction from $25 billion beginning with the October 6 auction, (2) two forward TAF auctions totaling $150 billion that will be conducted in November to provide term funding over year-end, and (3) an increase in swap authorization limits with the Bank of Canada, Bank of England, Bank of Japan, Danmarks Nationalbank (National Bank of Denmark), European Central Bank (ECB), Norges Bank (Bank of Norway), Reserve Bank of Australia, Sveriges Riksbank (Bank of Sweden), and Swiss National Bank to a total of $620 billion, from $290 billion previously.

These steps are being undertaken in an attempt to mitigate pressures evident in the term funding markets both in the United States and abroad.  The Federal Reserve’s actions are desiring to reassure financial market participants that financing will be available against good collateral, which they hope will lessen concerns about funding and rollover risk.

84-Day Maturity TAF Auctions
The increase to $75 billion per auction will triple the supply of 84-day maturity credit to $225 billion from $75 billion.  TAF credit at the 28-day maturity will remain at $75 billion.  The total amount of TAF credit available in the 28-day and 84-day auction cycles will double to $300 billion from $150 billion.

Foreign Exchange Swap Lines
The Federal Open Market Committee (FOMC) has authorized a $330 billion expansion of its temporary reciprocal currency arrangements (swap lines).  This increased capacity will be available to provide funding for U.S. dollar liquidity operations by the other central banks.  The FOMC has authorized increases in all of the temporary swap facilities with other central banks.  These larger facilities will now support the provision of U.S. dollar liquidity in amounts of up to $30 billion by the Bank of Canada, $80 billion by the Bank of England, $120 billion by the Bank of Japan, $15 billion by Danmarks Nationalbank, $240 billion by the ECB, $15 billion by the Norges Bank, $30 billion by the Reserve Bank of Australia, $30 billion by the Sveriges Riksbank, and $60 billion by the Swiss National Bank.  As a result of these actions, the total size of outstanding swap lines is $620 billion.

All of the temporary reciprocal swap facilities have been authorized through April 30, 2009.

Dollar funding rates abroad have been elevated relative to dollar funding rates available in the United States, reflecting a structural dollar funding shortfall outside of the United States.  The increase in the amount of foreign exchange swap authorization limits will enable many central banks to increase the amount of dollar funding that they can provide in their home markets.  This should help to improve the distribution of dollar liquidity around the globe. Whether the value of the dollar holds on the long term against inflation and deflation however is highly unlikely.

That being said, there are some short-term possible gains for those who invest in the dollar and substantial long-term gains for those who sell dollars while they are high and opt to invest and protect their savings in strong currencies such as the Euro and Chinese yuan. A more cautious and safe route for consumers and investors is also found in the safe haven of gold.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Emergency Economic Stabilization Act of 2008 (EESA) Dangers

The U.S. government is desperately struggling to stabilize the economy and keep Central and Foreign Banks confident in order to access hundreds of billions of dollars lest global currency reserve diversification occur. The Emergency Economic Stabilization Act of 2008 (EESA) dangers are many.

Global currency reserves typically have been in U.S. dollars to lower transaction costs, but with the Euro now being used in 37% of all international transactions, Central Banks in Asia, Russia, and the Middle East are diversifying their portfolios and moving away from the unstable and vulnerable U.S. dollar seeking more attractive and secure investments to secure their national economies.

Americans should therefore buy gold, Euros, or Chinese yuan to protect their hard earned savings and investments.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

The Emergency Economic Stabilization Act of 2008 (EESA) provides up to $700 billion to the Secretary of the Treasury to buy mortgages and other “toxic” assets that are clogging the balance sheets of financial institutions and making it difficult for Wall Street, working families, small businesses, and other companies to access credit.

Accessing credit is imperative to the U.S. economy which owes $10 trillion in debt to overseas Central and Foreign Banks. In order for the near bankrupt U.S. economy which is steadily sinking, foreign oil addicted, and heavily dependent upon global militarization to persuade OPEC to continue to sell oil worldwide in dollars, ongoing hundreds of billions of dollars from afar is desperately needed.

The EESA is a program committed to printing and borrowing more dollars (ironically from foreign nations abroad) to insure troubled assets related to unprecedented amounts of homeowner and real estate foreclosures. These unwanted defaulted loans, often referred to by the U.S. government as “assets” are nothing of the sort.

Hence the Troubled Asset Relief Program (TARP) is a governmental plan to remove illiquid assets (a.k.a. defaulted real estate loans) that are unwanted and weighing down our financial institutions and threatening our economy. These toxic assets will be purchased and most likely not repaid to we the American taxpayers bearing the burden.

Before the U.S. greenback has a heart attack and the dollar dies, Americans should buy gold, Euros, or Chinese yuan to protect their hard earned savings and investments.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

IMF warns of financial meltdown – Eurozone Strengthens, U.S. Dollar Weakens

The IMF warns that the global financial system is on the brink of a massive meltdown, while France and Germany push ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.

What can one do in such perilous times other than buy gold and invest your savings in Euros before the dollar becomes obsolete.

 

http://www.bullionvault.com/#paulfdavis
http://ads.easy-forex.com/Gateway.aspx?gid=104994

At a joint news conference, French President Nicolas Sarkozy and German Chancellor Angela Merkel said they had “prepared a certain number of decisions” to present at a Sunday meeting of European leaders as they work feverishly to restore blocked credit markets to working order.

International Monetary Fund stressed that time was running short after leading industrialized nations failed to agree on concrete measures to end the crisis at a meeting on Friday.

“Intensifying solvency concerns about a number of the largest U.S.-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown,” IMF chief Dominique Strauss-Kahn said.

Low levels of confidence in America’s financial system has caused widespread panic to swiftly sweep through global markets, driving stocks to a five-year low on Friday and prompting banks to protectively hoard cash. That has devastatingly choked off lending to businesses and households, threatening to turn a global economic recession into a dangerously deep depression for perhaps years. Many across America are losing their homes, as is now the case in Australia.

An emergency meeting of euro zone leaders on Sunday will discuss a bank rescue package, taking a British initiative to guarantee lending between banks as a reference point, a source close to the French presidency said.

France’s Sarkozy said euro zone countries were working on a joint solution, but declined to provide specifics. He planned to meet with British Prime Minister Gordon Brown shortly before Sunday’s euro zone gathering.

 

Britain’s rescue plan, launched last week, makes available 50 billion pounds ($86 billion) of taxpayers’ money for injection into its banks and, crucially, calls for underwriting interbank lending, which has all but frozen around the globe.

The world’s richest nations vowed on Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money but they offered no real specifics on a collective course of action to avert the recession threat. Hence can anyone be sure when so much is promised, but so little usually done in America?

In a surprisingly brief statement after a 3-1/2 hour meeting, the G7 — the United States, Britain, Canada, France, Germany, Italy and Japan — stopped short of backing the British interbank lending guarantee, something many on Wall Street saw as vital to end growing market panic.

Kenneth Rogoff, a Harvard University professor and former IMF chief economist, said the G7 would have been better served adopting some version of the British plan so that banks would feel confident enough to loosen their grip on lending.

“Saying that they’ll take all steps necessary leaves hanging the question of whether they know what is best and necessary,” he told Reuters. “It was a signature moment for the G7. I think markets are going to be very disappointed.”

European Central Bank President Jean-Claude Trichet said markets needed time to digest a series of dramatic steps taken by world central banks in recent days, including pouring billions of dollars into financial markets and lowering interest rates in the broadest coordinated cut on record.

There are signs the U.S. economy is credit-starved and deteriorating fast. American auto makers have been hammered by the credit crunch. GM and Chrysler, two struggling auto makers, are considering a merger to secure cash and cut expenses.

Financial weekly Barron’s reported that GM was preparing to approach the U.S. Federal Reserve about borrowing money directly from the central bank. Many wonder just how many companies and banks the central bank in the United States can bail out before going bankrupt itself?

Some speculate the FDIC insuring American banks deposits will declare bankruptcy next.

What can one do in such perilous times other than buy gold and invest your savings in Euros before the dollar becomes obsolete.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994