America's Total Debt Report

2016 America's credit rating stinks. Payment card fraud growth eclipsing sales growth.
The average score for all states combined is a lowly 604. The highest credit score possible is 850, although only a rare few have reached it. Those close to it reside in zip codes of Seattle (Redmond, Wash., to be precise), with an average score of 719 under TransUnion's FICO rival, VantageScore. They also populate parts of Mountain View, Calif., (748) Sunnyvale, Calif., (730) and San Francisco (707).
Income = Credit Score? While credit scores are supposed to be based on how you manage your credit, Credit Sesame stats show a strong correlation with income and Computers judge our character!!!
U.S. generates 21% of global credit card transactions = 48% of fraud.

ABOVE THE LAW

The secret world of government debt collection
http://money.cnn.com/interactive/pf/debt-collector/government-agencies/

Government debt collectors like Linebarger Goggan Blair & Sampson are rarely held to the same consumer protection laws as collectors that go after credit card debt or auto loans. And with the power of state and local governments behind them, these debt collectors can charge steep fees and make scary threats, warning that the government will suspend your driver’s license, garnish your wages – even issue a warrant for your arrest. Linebarger alone collects $1 billion for government agencies each year. Its clients include 2,300 state and local governments in 21 states, including Texas, Florida, Illinois and New York. Once a small Texas law firm, Linebarger has transformed itself into a national debt collection powerhouse by wining and dining politicians and spending millions on lobbying and political campaigns.

External World Debt $53,970,000,000,000
cia.gov

America's Total Debt Report $53 Trillion - - and soaring
financialsensearchive.com/editorials/hodges/2007/0315.html

Just the interest (calculated using 5%) paid to the international bankers every year on the total American Debt is $2650 Billion. That's almost 45 times as much money as Bill Gates Total net worth, from just one country in just one year.

The highest ranked banker on the Forbes (controlled media) list is #114 Carl Pohlad with a net worth of $3.1 billion. Can you believe that this man is the richest banker on earth?

When they first started to use paper money it was backed by Gold. If they have a million dollars in Gold they could print a million dollars in paper money. This was easier than using gold to buy things because the paper was actually a note that represented gold that the bank actually had. If you took all the money the bank issued and took it back to the bank you could give it to the bank in exchange for all the gold the bank had to back the paper money. This is how paper money began.
Then they start to implement laws that allowed the central banks to issue more paper than they had gold to back it. This is fractional reserve banking. With this system the banks still had to have a fraction of gold for the paper money they lent to people and governments. Over time they implemented laws that made the fractions of paper to gold lower and lower so now the central banks can lend as much paper money as they want with out any gold backing it. The central banks actually can create infinite amounts of paper money from nothing. The more money they create the higher the inflation. Inflation is actually deflation of the money currently in circulation.

War = Profits

During times of war (war on terror) the central bank (Federal Reserve) creates large amounts of money from nothing to pay for the war and lend it to the (U.S.) government.
If the U.S. government has to borrow a trillion dollars to fight the never ending War on Terror the central bank can create this money from nothing and lend it to the government and charge them interest. The interest will be paid for by the people's taxes.YOUR TAXES and the interest you pay on loans make these central bankers rich.

CHARACTER

Using Algorithms to Determine Character

People who did things like double-checking the homework or studying extra in case there was a pop quiz are thorough and likely to honor their debts. A company in Palo Alto, Calif., called Upstart has over the last 15 months lent $135 million to people with mostly negligible credit ratings. Typically, they are recent graduates without mortgages, car payments or credit card settlements. Those are among the things that normally earn a good or bad credit score, but these people haven’t been in the working world that long. So Upstart looks at their SAT scores, what colleges they attended, their majors and their grade-point averages. As much as job prospects, the company is assessing personality. The idea, validated by data, is that people who did things like double-checking the homework or studying extra in case there was a pop quiz are thorough and likely to honor their debts. “‘Character’ is a loaded term, but there is an important difference between ability to pay and willingness to pay,” said Mr. Merrill. “If all you look at is financial transactions, it’s hard to say much about willingness.” Mr. Merrill, who also has a Ph.D. in psychology (from Princeton, in case Mr. Gu wants to lend him money), thinks that data-driven analysis of personality is ultimately fairer than standard measures.

Lack of Character

Citibank caught inflating your monthly bill or giving out misinformation.
Discover was ordered to pay $18.5 million for doing just that, Citibank says it is facing a probe into its own student loan services. Citibank did not disclose in a regulatory form it filed Monday what agency is conducting the investigation, but a person familiar with the matter confirmed that it is being done by the Consumer Financial Protection Bureau. It was the CFPB that penalized Discover in July for overstating the minimum amount due on bills, misrepresenting how much interest some students had paid, and engaging in aggressive and sometimes illegal collection practices. It's unclear which of Citibank's student loan practices the CFPB is looking into.

Holder Defends Record of Not Prosecuting Financial Fraud
He failed to hold accountable the people responsible for the wide-scale financial fraud that led to the massive economic recession of 2007-9 then in 2015 took back his job at Covington & Burling, the gigantic D.C. law firm whose clients have included many of the big banks which Holder chose not to prosecute. The firm actually kept an 11th-story corner office reserved for his return. He was making over $3 million a year from the firm before his sojourn at the Justice Department, his current salary has not been disclosed.) Holder had all the statutory authority he needed to prosecute straightforward crimes such as robosigning fraud, perjury in front of Congress by Goldman Sachs executives, or for that matter, HSBC’s money laundering for Mexican drug cartels. He simply chose not to. Former Federal Reserve chair Ben Bernanke saying that more Wall Street executives should have gone to jail for criminal misconduct that led to the financial crisis. As Fed chair, Beranke could have initiated criminal referrals to the Justice Department, but chose not to.

COLLEGE DEBT

For-Profit Colleges Accused of Fraud Still Receive U.S. Funds

The Education Department, despite a crackdown against what it calls “bad actors,” continues to hand over tens of millions of dollars every month to other for-profit schools that have been accused of predatory behavior, substandard practices or illegal activity by its own officials or state attorneys general across the country. Sued many times but never shut down Education Management nonetheless received more than $1.25 billion in federal money over the last school year. ITT Educational Services, which has about 138 campuses and 47,000 students, has been investigated or sued by 19 states, the Securities and Exchange Commission, the Consumer Financial Protection Bureau and the Justice Department. Alta Colleges, partly owned by the Boston private equity firm Housatonic Partners. Alta, which operates campuses and an online division in several states, is being sued by the Illinois attorney general, who claims the colleges engaged in “deceptive, unfair and abusive practices in the marketing and selling of their criminal justice program."

How to Defeat Non Profit School Debt for pennies on the dollar.

Predatory institutions fuel the 1.2 Trillion in total student loan debt. For Profit Schools are publically traded on wall street, account for 1/3 of ALL student loans but only account for 13% of the total higher ed population!

How to Defeat Rat Bastard Predatory Lenders

Follow https://twitter.com/StrikeDebt

The Sordid Dynamics of Debt - Call the cops and arrest the debt collector.

Average student debt and defaults by state in 2013
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/11/20/the-average-student-debt-burden-in-each-state-in-one-alarming-map/

The total amount of federal student loans yet to be repaid is nearly $1.1 trillion, according to the latest data from the Consumer Financial Protection Bureau. That’s not counting private loans.

Student Loan Delinquency Rate Defies Overall Downward Trend in Household Debt and Credit Report for Fourth Quarter 2014
http://libertystreeteconomics.newyorkfed.org/2015/02/just-released-regional-household-debt-and-credit.html

2/27/15 U.S. Department of Education to End Contracts with Several Private Collection Agencies After finding high incidences of materially inaccurate representations, Department acts to protect consumers.
It will wind down contracts with five private collection agencies that were providing inaccurate information to borrowers. The five companies are: Coast Professional, Enterprise Recovery Systems, National Recoveries, Pioneer Credit Recovery, and West Asset Management. They were found to have given inaccurate information at unacceptably high rates about these benefits. In particular, these agencies gave borrowers misleading information about the benefits to the borrowers' credit report and about the waiver of certain collection fees. The Department will reassign accounts held by these five agencies which are not already in repayment to other agencies.
http://www.ed.gov/news/press-releases/us-department-education-end-contracts-several-private-collection-agencies

HOUSING debt

11/24/14 Detroit's young gentrifiers face a daunting task in buying $500 homes: Evicting Poor Residents
Over 100,000 Detroiters are at risk of losing their homes as the city sells off its stock of tax foreclosures. 62,000 Detroit properties will be heading to the tax foreclosure auction if their owners fail to come up with money before April 1. The catch? Over half of these properties have someone living them -- usually the previous owner, who paid off the mortgage and whose family may have lived in the house for years. 62,000 Detroit properties at least three years behind on paying their property taxes. All told, that’s over $709m in overdue taxes and penalties -- a heavy burden for a city in which 38% of residents are living below the poverty line. If owners fail to work out payment plans or pay their entire tax burden within five months, their homes end up at auctions. The first one comes in September where properties are sold at a starting bid of the total amount of taxes and liens owed. The houses no one buys end up in the second round at a starting bid of $500.

WHAT POOR PEOPLE DON'T KNOW

Low-income homeowners are eligible for tax exemptions. While many residents would meet the requirements, they must file requests before their taxes are due, neither of which are readily known pieces of information. Owners can buy their homes back with debts cleared at auction for $500 as a solution of last resort.

A NON PROFIT ORGANIZATION CAN BUY THE HOUSE THEN SELL IT BACK to its occupant for the bargain price MAYBE twice what THEY had paid for it,
but half OF what THE ORIGINAL OWNER owes in property taxes.

HEALTH DEBT

Strike Debt - Medical Dept Report

Medical Debt: A Weapon of Class War:
Medical Debt and Bankruptcy: The Insurance Hoax
Medical Debt and the Dystopian Nightmare of Credit Scoring
Who Profits from Medical Debt?

There is an ongoing effort by a group of health care practitioners, lawyers, researchers, and activists to expose the disastrous impact of medical debt and for-profit health care on families and individuals in the United States. Private health care enriches a few—insurance companies, private equity firms, pharmaceutical companies, debt collectors, and global investors—at the expense of everyone else. Medical debt is a weapon of the class war because when patients cannot afford medical care, they are forced into debt, often with far-ranging and catastrophic consequences. As the rate of uninsured has grown, local governments have looked to state subsidies for private health insurance as a band-aid solution.

It is clear that insurance companies, global investors, and credit ratings agencies are reaping a massive windfall. Profiteers are descending on the health care industry from all corners of the finance world. One of the largest and most profitable health care providers, HCA, runs 163 hospitals across the country. The company is also under investigation by the Justice Department for defrauding Medicare by performing unnecessary heart surgeries on unwitting patients (Koleva). And, this year, HCA was ordered to pay a $162 million fine for failing to make agreed-upon repairs to run-down hospitals in Missouri as well as for reneging on a promise to provide charity care to low-income patients.

Who is profiting from this criminal activity?

HCA, which was founded by former Senate majority leader Bill Frist’s family, is primarily owned by Bain Capital, the private equity firm founded by Mitt Romney. Bain investors are not turned off in the least by how HCA treats patients.

Wall Street Banks

YOUR TAXES and the interest you pay on loans make these central bankers rich.

The Bankers Trust
The Chase National Bank
The Equitable Life Assurance Society
The Farmers Loan and Trust
The Guaranty Trust
The Morgan Guaranty Trust
The Mutual Life Insurance Company
The National City Bank
The New York Life Insurance Company
The United States Trust Company of New

Resources

TIME LINE 5000 BC - 2007

Madoff Trustee Fights JPMorgan Bid To Move $6B Suit The trustee liquidating Bernard L. Madoff's investment company fought back Wednesday against JPMorgan Chase & Co.'s efforts to "escape the scrutiny" of a New York bankruptcy court by removing the trustee's $6.4 billion lawsuit against it to a district court.

Madoff, Lehman Trustees' Fees Could Bankrupt SIPC
Massive payouts to Securities Investor Protection Corp. trustees managing the bankruptcies of Lehman Brothers Holdings Inc.'s brokerage arm and Bernard L. Madoff Investment Securities LLC are threatening to bankrupt the group's $2.5 billion funding pool, a report released Wednesday said.

FDIC's Tab For Failed U.S. Banks Nears $9 Billion

The biggest stream of reimbursements, $1.21 billion in all, has gone to BankUnited Inc., of Miami Lakes, Fla. Its private-equity owners resurrected a similarly named savings institution that collapsed in 2009 under the weight of home loans made before the housing bust. The FDIC is on the hook to cover as much as 95% of losses on some loans at BankUnited, which went public in January. BankUnited has received $1.21 billion from the FDIC.
But Who Bought BankUnited Inc?
The buyers include: buyout investor J. Christopher Flowers, of J.C. Flowers & Co., LLC ; hedge fund operator John Paulson of Paulson Investment Company, Inc. and the financial funds Stone Point Capital; George Soros' SSP Offshore LLC; Silar MCF-I LLC; and MSD Capital, which manages capital for Michael Dell and family. The coalition had applied to the Office of Thrift Supervision in hopes of converting IndyMac from a mutual savings bank to a stock-held institution. The buyers are operating as a thrift holding company controlled by IMB Management Holdings and led by Steven Mnuchin, chair of the private equity firm Dune Capital Management LP. Terry Laughlin, a former head of Merrill Lynch Bank & Trust, will serve as chief executive of IndyMac.
Cleary Gottlieb Steen & Hamilton is lead counsel to the consortium, handling M&A, regulatory, structuring and tax matters lead by Paul Glotzer and William Groll. Weiner Brodsky Sidman Kider partners Harvey Weiner and Troy Garris also advised on mortgage banking compliance and regulatory matters.
Corporate partner Mitchell Eitel and tax partner Ronald Creamer from Sullivan & Cromwell advised Flowers on the matter. Eitel had previously advised Flowers on its canceled plan to acquire Sallie Mae as well as on its successful acquisition of Fox-Pitt Kelton.
Corporate partners Barrie Covit and Thomas Bell from Simpson Thacher & Bartlett also advised Flowers on the deal along with tax partner John Creed and executive compensation and employee benefits counsel Jamin Koslowe. MSD Capital and Stone Point Capital were represented by Peter Gordon, Maripat Alpuche, and Gary Mandel, also of Simpson Thacher.
Fried Frank corporate partners Tom Vartanian, David Ansell, and Brian Mangino advised Paulson. SSP Offshore was represented by Maurice Lefkort at Willkie Farr & Gallagher and S&C bank regulatory partner Andrew Gladin.
"This agreement achieves the goals that were set out by the chairman and board when the FDIC was named conservator of IndyMac in July," says FDIC Deputy Director James Wigand in a statement. "Unfortunately, as expected, IndyMac's liability structure, combined with aggressive real estate lending in California, had a significant impact on losses."
The deal hit a snag early last week when Fannie Mae demanded the FDIC settle a claim it has about home loans purchased from IndyMac, requesting that it buy back close to $1 billion in failed mortgages. Of the 25 banks that have failed so far this year, IndyMac is the only one the FDIC struggled to immediately unload. The deal, announced Friday, is expected to close in late January or early February.

1.1

Documentation on IBM i, Virtualization, External Storage (DS3000, DS4000, DS6000, DS8000), POWERVM, Blades, IVM, and VIOS

Technote

Read-Me's
IBM i Virtualization and DS4000 Read-me First:
http://www-07.ibm.com/systems/includes/content/i/os/pdf/i_virtualisation_and_ds4000_readme.pdf

IBM i on POWER Blades Supported Environments Read-me First:
http://www-03.ibm.com/systems/resources/systems_power_hardware_blades_i_on_blade_readme.pdf

Storage
Performance Capabilities Reference manual (Chapter 14.5 for best practices for IBM i and VIOS):
http://www.ibm.com/systems/i/solutions/perfmgmt/resource.html

IBM System Storage DS3000: Introduction and Implementation Guide (Redbooks):
http://www.redbooks.ibm.com/abstracts/sg247065.html
IBM System Storage DS4000 and Storage Manager V10.10 (Redbooks):
http://www.redbooks.ibm.com/redpieces/abstracts/sg247010.html?Open

IBM System Storage DS6000 Series: Architecture and Implementation (Redbooks):
http://www.redbooks.ibm.com/abstracts/sg246781.html

IBM System Storage DS8000 Series: Architecture and Implementation (Redbooks):
www.redbooks.ibm.com/redpieces/abstracts/sg246786.html

DS3000 Web site:
http://www-03.ibm.com/systems/storage/disk/ds3000/index.html

DS4000 Web site:
http://www.ibm.com/systems/storage/disk/ds4000/index.html

DS8000 Web site:
http://www.ibm.com/systems/storage/disk/ds8000/index.html

DS8000 Information Center:
http://publib.boulder.ibm.com/infocenter/dsichelp/ds8000ic/index.jsp

VIOS
VIOS Web site:
http://www14.software.ibm.com/webapp/set2/sas/f/vios/home.html

VIOS - Support for Power Systems Documentation
http://www14.software.ibm.com/webapp/set2/sas/f/vios/documentation/home.html

Advanced POWER Virtualization on IBM System p5: Introduction and Configuration (Redbooks):
http://www.redbooks.ibm.com/abstracts/sg247940.html?Open

VIOS Command Reference:
http://publib.boulder.ibm.com/infocenter/systems/scope/hw/index.jsp?topic=/iphb1/iphb1_ vios_commandslist.htm

VIOS Datasheet:
http://www14.software.ibm.com/webapp/set2/sas/f/vios/documentation/datasheet.html

IVM
Considerations and limitations for i5/OS client partitions on systems managed by the Integrated Virtualization Manager (IVM):
http://publib.boulder.ibm.com/infocenter/systems/scope/i5os/topic/rzahc/rzahcbladei5limits.htm

IBM i
Latest recommended IBM i, Server Firmware, and HMC code / PTFs:
http://www-912.ibm.com/s_dir/slkbase.nsf/recommendedfixes

IBM i installation:
http://publib.boulder.ibm.com/infocenter/systems/scope/i5os/index.jsp?topic=/rzahc/rzahc 1.htm&tocNode=int_216451

IBM i PTF installation:
http://publib.boulder.ibm.com/infocenter/systems/scope/i5os/index.jsp?topic=/rzam8/rzam 8fixconcepts1.htm

IBM Fix Central:
http://www-912.ibm.com/eserver/support/fixes/

IBM Systems Workload Estimator PDF Guide:
http://www-912.ibm.com/wle/HTML/en/Tutorial/developerUserGuide.pdf

IBM i networking:
http://publib.boulder.ibm.com/infocenter/systems/scope/i5os/topic/rzajy/rzajyoverview.htm

ECS over LAN:
http://publib.boulder.ibm.com/infocenter/systems/scope/i5os/topic/rzaji/rzaji_setup.htm

IBM i virtual client partitions topics in the IBM i Information Center:
http://publib.boulder.ibm.com/infocenter/systems/scope/i5os/topic/rzahc/rzahcbladei5limit s.htm

Additional References
IBM i on POWER Blades Supported Environments:
http://www-03.ibm.com/systems/resources/systems_i_advantages_v6r1_blades_pdf_supported_environments.pdf

PowerVM Editions:
http://www-03.ibm.com/systems/power/software/virtualization/editions/index.html

Contents