Interesting in Robert Kiyosaki’s book, Rich Dad’s Prophecy, he predicted  in 2002 that the biggest stock market crash in U.S. history would happen sometime around 2016.

A small bit of bad economic news from China sparked a big global reaction as U.S. stocks followed the rest of the world’s markets down sharply Tuesday, a sign of investors’ deepening concerns about the strength of the Chinese economy.

The blue-chip Dow Jones industrial average dropped nearly 3%, falling 469.68 points, to 16,058.35, while the broad-based Standard & Poor’s 500 index fell 58.33, also about 3%, to 1,913.85.

The latest sell-off comes after stocks rebounded last week with the biggest two-day rally in seven years and continues the wild volatility that has marked trading sessions for more than two weeks. Despite the two-day gain, Dow has lost nearly 2,500 points over nine other days.

Read on.

Five years ago this month, GMAC became the first mortgage servicer to announce that they would suspend foreclosure operations, due to irregularities in their document preparation. Within a few weeks every major mortgage servicer in America followed suit. This is usually called the robo-signing scandal, but to be more precise we gave it the name foreclosure fraud. It ended with the five leading servicers, including GMAC, signing the $25 billion National Mortgage Settlement.

Except it didn’t end, and this past week I was handed inconvertible proof of that fact. The scenario is so fantastical that if I didn’t have a working knowledge of foreclosure fraud I wouldn’t have believed it. But it appears to be very real.

Bill Paatalo is a former cop who worked in the mortgage industry as a loan officer and, from 2002-2008, the President of Wissota Mortgage in the Midwest. Since 2009, after experiencing his own…