User:DeltoroLeonardo865


 * 1) 1 Mortgage Elimination provides an extremely confidential administrative procedure containing thus far been 100% effective. It's a non-confrontational strategy to insure there is no litigation. After all, what bank could be dumb enough to want to take their particular fraud into court with someone who knows their secrets and tips on how to deal with them? The "lending" techniques that are used are beyond brilliant. It took some very, very smart individuals determine  tips on how to appear to be lending money,  really have benefit supplied through the person obtaining credit. And that is what is going on.

If you're a real, ethical person who believes that this party who funds a borrowing arrangement ought to be repaid, you have to can help you. When you get the truth, you can be happy being repaid for funding your personal loan and wonder why the bankers thought they should be paid.

All we're getting you is equal protection beneath the law, equal protection within the personal loan agreement, as well as for the whole truth about the mortgage agreement to become revealed. The whole fact is NOT revealed to your borrower. The bank or another pay day loan agency does NOT open up to you the MO is really a tool on the bank - they deposit as THEIR asset.

The bank not really let you know the IOU is actually a "negotiable instrument" underneath the Uniform Commercial Code, understanding that it will be deposited to fund your loan. Nor did they inform you that the bank has a liability to you of around the amount of the money. (The bank owes you by their particular bookkeeping entries!)

The bank does NOT inform you that you actually provided the real cash value on your own loan! Thus, the bank only appears to get lending you anything.

That's right: banks and lenders only seem to lend money. Let's have a quick take a look at how money is done on the "government" level, then we'll observe this applies to your your alleged debt.

But can it be money? Where did the Federal Reserve get the money to switch for the govt bonds? It produced bookkeeping entry. That's it! Money is created by banking institutions from thin air! Our government gave them that power gets hotter made the Federal Reserve System. The Federal Reserve creates money from nothing; this can be usury, the payment of curiosity on pretended loans; important explanation for the hidden tax called inflation; the way in which by which the Fed creates boom-bust cycles. This technique was developed by political and monetary wizards produce money associated with nothing for that purpose of lending. This is just not a wholly accurate description given it implies that money is established first yet another waits for anyone to borrow it.

On one other hand, textbooks on banking often state that money is produced regarding debt. This and is misleading because it implies your debt exists first next is changed into money. In truth, money just isn't created until the minute it's borrowed. It is the act of borrowing that can cause it to spring into existence. And, incidentally, it's the action of reducing the debt that triggers it to completely disappear. There is not any short phrase that perfectly describes that process. So, until an example may be invented along the best way, we shall continue in order to phrase "create money out of nothing" and sometimes add "for that purpose of lending" where needed to further clarify madness.

So, we will now...see exactly how far these funds/debt-creation process recently been carried -- and the way operates.

The first undeniable fact that needs to be considered is that the money doesn't have any gold or silver behind it whatsoever. The fraction is not 54% nor 15%. It is 0%. It has traveled the way almost all previous fractional money ever sold and already has degenerated into pure fiat money. The fact that almost all of it is in the form of checkbook balances instead of paper currency is just technicality; and the fact that bankers discuss "reserve ratios" is eyewash. The so-called reserves that they refer are, in truth, Treasury bonds along with other certificates of debt.

Former Congressman Louis McFadden, chairman with the House Committee on Banking and Currency remarked in regards to the Federal Reserve Bank: "A super-state controlled by international bankers and international industrialists acting together to enslave the entire world for their particular pleasure."


 * 1) 2 Our cash is "pure fiat" ad infinitum. Money by decree.

The second proven fact that has to be clearly understood in which, in spite of the technical jargon and seemingly complicated procedures, the particular mechanism by which the Federal Reserve creates money is quite simple. They this exactly exactly the same way the goldsmiths of old did except, after all, the goldsmiths were on a the need to hold some gold and silver coins aside, whereas the Fed doesn't have such restriction.

The Federal Reserve is candid. The Federal Reserve itself is amazingly frank about process.

A booklet published through the Federal Reserve Bank of New York lets us know:

Currency can not be redeemed, or exchanged, for Treasury gold or some other asset used as backing. The question of exactly what assets 'back' Federal Reserve notes has little but bookkeeping significance.

Elsewhere in the same publication our company is told: "Banks are creating money depending on a borrower's promise to repay (the IOU)...Banks create money by 'monetizing' in which you debts of companies and individuals."

In a booklet entitled Modern Money Mechanics, now withdrawn, the Federal Reserve Bank of Chicago says:

In the United States neither paper currency nor deposits have value as commodities. Intrinsically, about $ 1 bill simply a bit of paper. Deposits are simply just book entries. Coins do have some intrinsic value as metal, generally far under their face amount.

What, then, makes the instruments -- checks, paper money, and coins -- acceptable at face value in payment associated with debts and for other monetary uses? Mainly, it's the arrogance folk have that they may be able to exchange such money a few other financial assets and real goods and services should they opt to achieve this. This partly is reliant on law; currency is designated "coined liberty" by the govt. -- that's, it must be accepted.

In the small print of your footnote in a bulletin in the Federal Reserve Bank of St. Louis, look for this surprisingly candid explanation:

Modern monetary systems use a fiat base -- literally money by decree -- with depository institutions, becoming fiduciaries, creating obligations against themselves using the fiat base acting partly as reserves. The decree appears the actual currency notes: "This note is coinage just about all debts, public and private."

While no individual could refuse to just accept such money for debt repayment, exchange contracts could easily be composed to thwart its utilization in everyday commerce. However, a forceful explanation in order to why why cash is accepted is that this federal government requires this payment for tax liabilities. Anticipation with the have to clear this debt results in a demand for any pure fiat dollars

Now we don't require that you feel that without some proof. I mean, it's just insane, right? Listen with a recording about the Story on the Federal Reserve System. It's FREE to you personally, over 1 hour long, plus it's called The Creature from Jekyll Island**, by G. Edward Griffin. Mr. Griffin is really a -respected authority the actual creation on the Federal Reserve Banking System, and has written a best-selling book of a similar name.


 * 1) 3  Money would vanish without debt.

It is actually difficult for Americans to come back to grips with the fact that their total money-supply is backed by nothing debt, and it can be all the more incredible to visualise that, switch returned all which was borrowed, there could be get left in existence.

That's right, there would not one penny in circulation -- all coins and paper currency would be returned to bank vaults -- and then there would be not merely one dollar in any one's bank account. In short, all money would disappear.

Marriner Eccles was the Governor with the Federal Reserve System in 1941. On September 30 of their year, Eccles was asked to present testimony prior to a House Committee on Banking and Currency. The function of the hearing were to obtain specifics of function in the Federal Reserve in creating issues that generated the depression on the 1930s.

Congressman Wright Patman, who had previously been Chairman of the committee, asked the Fed got the cash to get two billion dollars valuation on government bonds in 1933. This may be the exchange to come.

ECCLES: We created it. PATMAN: Out with the items? ECCLES: Out of the right to issue credit money. PATMAN: And there is nothing behind it, could there be, except our government's credit? ECCLES: That precisely what our money will be. If there are no debts in your money system, there wouldn't be any money.

It must be seen that, while money may represent an asset to selected individuals, when it can be considered a great aggregate of the overall money supply, it's not an asset any kind of. A man who borrows $1,000 may believe that she has increased his budget with that amount but he has not. His $1,000 cash asset is offset by his $1,000 loan liability, with the exceptional net position is zero. Bank accounts are exactly the same on a bigger scale. Add up all the bank accounts within the nation, and it might be for you to assume that all that cash represents a gigantic pool of assets which offer the economy. Yet, equally in this cash is owed by someone. Some will owe nothing. Others will owe repeatedly what they possess. All added together, the nation's balance is zero. What we think is financial resources are a fantastic illusion. The the truth is debt.

Robert Hemphill was the Credit Manager of the Federal Reserve Bank in Atlanta. In the foreword to a novel by Irving Fisher, entitled 100% Money, Hemphill said this:

If each of the loans from banks were paid, no person could possess a bank deposit, high would cease a buck of coin or currency in circulation. This is an amazing thought. We are completely reliant on the commercial banks. Someone must borrow every dollar we have in circulation, cash, or credit. If financial institutions create ample synthetic money we have been prosperous; otherwise, we starve. We are absolutely with no permanent money system. When one gets a complete grasp of photographs, the tragic absurdity of our hopeless situation is almost incredible -- however there it can be.

With advantage that cash in America is based on debt, it shouldn't come as a surprise to understand that this Federal Reserve System isn't minimal considering seeing a decrease in debt this kind of country, no matter public utterances towards the contrary.

Here is the conclusion the particular System's own publications. The Federal Reserve Bank of Philadelphia says:

"A large and growing regarding analysts, then again, now regard the national debt as something helpful, if no actual blessing....[They believe] the nation's debt need stop reduced at all."

The Federal Reserve Bank of Chicago adds:

"Debt -- private and public -- is here to stay. It plays an important role in economic processes.... What becomes necessary just isn't the abolition of debt, it's prudent use and intelligent management."


 * 1) 4 More on Equal Protection

Our founding fathers knew about this kind of banking. That's why there are provisions in the Constitution in the united States of America end this type of banking system to infest our nation.

Article 1, Section 8, clause 5 states:

"Congress shall have the power to coin money, regulate the value thereof, properly foreign coin, and fix the standard of weights and measures."

Article 1, Section 10 partially states:

"No state shall use any Thing silver and gold coins coin youngster tender in payment of its debts;"

Is it more difficult to make money using "creative bookkeeping," (or as President Bush says, "Cookin' the Books") by depositing your acceptance and telling you? Or will it be tougher to mine the gold and silver to mint the cash?

Mining is actually difficult and expensive. Bookkeeping entries cost virtually nothing.

Take a have a look at the regarding "Bank" in the 4th Edition of Black's Law Dictionary:

"An institution, of great value inside the commercial world, empowered for deposits funds, to generate loans, also to issue its promissory notes (in order to circulate as money, and commonly called 'bank notes' or 'bank-bills,') or to do any one or even more these types of functions."

If a MO is made to circulate as money, like money it can be deposited the bank account, can't it? You bet.

That was never disclosed in the bank loan agreement, maybe it was? No.

See, if precious metals coin were the money, the current banking system can't exist. Our founding fathers knew that.

Since the IOU is usually a acceptance bill, per the Uniform Commercial Code, at what point did the lending company "own" the MO? A note is IOU. It says "I owe you $X, which is to be repaid on this or that date, or through payments."

Did offer your banker permission flip your "promise to repay" into money? Probably not. By the bank altering the note and turning it into a MO, they changed the fee and the danger to as well as them. Before they deposit the note any bank checking account, you thought the agreement was that these people were planning to loan cash. They were the people in jeopardy. It's your duty to outlay cash.

When the lending company deposited the note, your complete price of the loan was funded by you, and also you're now presupposed to reimburse them? That's not a person opted for, would it be? Because of this banking system, you might be in "debt" with "money" that you just provided the value for.


 * 1) 5 What's wrong with a little debt?

There is a form of fascinating appeal to this theory. It gives people who expound it an aura of intellectualism, the appearance of having the ability to grasp a fancy economic principle which is at night understanding of mere mortals. And, for that less academically minded, it provides the comfort of a minimum of sounding moderate. After all, what's wrong with a little debt, prudently used and intelligently managed? The answer is not, provided your debt is based a good honest transaction. There is sufficient wrong along with it if it can be "dependant on fraud".

An honest transaction is certainly one wherein a borrower pays an decided upon sum in exchange to the temporary associated with a lender's asset. That asset could possibly be anything of tangible value. If it were a motor vehicle, for instance, the actual borrower would pay "rent." If it's money, the rent is known as "interest." Either way, incredibly is identical.

When we go to a lender -- sometimes a bank or a private party -- and get a loan cash, we've been willing to pay interest on the money in recognition of the undeniable fact that the cash we have been borrowing is asset which we want to use. It seems only fair to cover a rental fee for the asset to the person who owns it. It just isn't easy to acquire an automobile, and it isn't easy to amass money -- a real income, that's. If the money we've been borrowing was earned by someone's labor and talent, they're fully entitled to take delivery of interest onto it. But just what are we to think about money that is created the particular mere stroke of a pen or the clicking of a computer key? Why should anyone collect accommodations fee on that?

When banks place credits to your banking account, they may be merely pretending to lend you money. In reality, they've already not lend. Even the money that non-indebted depositors have placed with him or her was originally created from nothing in response to another individual's loan. So what entitles financial institutions to gather rent on nothing? It is immaterial that men everywhere have by law to simply accept these nothing certificates inturn are the real deal goods and services. We are talking here, not about what's legal, precisely what is moral. As Thomas Jefferson observed at the period of his protracted battle against central banking inside the Down East, "No you've got a natural right for the trade funds lender, however he provides money to lend."

Let us,, have a look at debt and interest a few of the light. Thomas Edison summed within the immorality of machine when he explained:

People who won't turn a shovel of dirt about the project [Muscle Shoals] nor contribute one pound of materials will collect more cash...than will the individuals who will offer all of the materials and do all of the work.

Is an exaggeration? Let us a buying a $100,000 home through which $30,000 represents the price of ground, architect's fee, commissions, building permits, knowning that form of thing and $70,000 is the fee on the job and building materials. If household buyer puts up $30,000 youngster put in, then $70,000 have to be borrowed. If the borrowed funds is disseminated at 11% any 30-year period, quantity of of great interest paid might be $167,806. That means quantity of paid to those that loan the money is about 2 1/2 times in excess of paid to those who provide all the labor and each of the materials. It is true that this figure represents enough time-value of that money over three decades and simply could possibly be justified on the premise that a lender deserves to be compensated for surrendering the usage of his capital for half an eternity. But that assumes financial institution actually had something to surrender, that he had earned the main city, saved it, yet another loaned it for construction of another individual's house. What am i to believe, nevertheless, about a lender who didn't do anything to earn the money, had not saved it, and, in truth, simply created against eachother of thin air?

So so how exactly does the loan from the bank actually work?

1. You desire a loan for your home. 2. The bank advertises that loan money. 3. You "apply" for just a "loan." 4. They placed you via the ringer and make you glad and relieved that you just were capable of be accepted for financing. (You know, like they may be doing you a extremely big favor.) 5. They have you ever sign a MO.

And here's the part you're never presupposed to know

6. Since your IOU might be sold for the money, it's a tool. 7. The bank deposits the asset into accounts for roughly the involving the note. 8. The bank cuts you a check mark the particular deposit don't knew about (or transfers the cash to those that should be receiving it). 9. And you think are obligated to pay a reimbursement on mortgage, when actually everything was made was an exchange.

If the promissory note a good asset, what funded the bank's ownership in the note?" Answer: They still don't really own it. They made an exchange - Your acceptance (asset towards the bank) was exchanged for approximately the amount of the money. You gave the lender a tool worth $100,000 and also the bank returned $100,000 to you personally. Where was the money? There wasn't one. But you really do must admit, it's brilliant.

As a genuine, ethical person who believes that every one loans ought to be repaid, will you agree the bank should repay the loan directly to them? After all, they deposited your MO. Your MO a good asset that exchanged for a check mark. Where's the borrowed funds?

Factually, there's not one. And since all lenders ought to be repaid, shouldn't the financial institution repay the loan directly to them? If therefore, you wouldn't contain the "debt" and would live better.

Quickly, while you deposit money within your banking account, does the lender now owe you that cash once you need it? Yes. The bank has a whole new asset, the $100 you deposited to your banking account. The bank even offers a brand new matching liability that says your banker owes you $100. Assets = Liabilities.

The bookkeeping entries are nearly identical for a deposit in your savings account and for a new loan. By lending, banks have more liabilities and assets. If you are to lend me $500, your "pool dollars" can be smaller. When a bank "loans" money, their "pool of cash" increases. Debt consolidation