Can banks legally loan credit ?
Date: Sat, 02/06/2010 - 06:27
"honest, ethical people believes that the party who funds a loan should be repaid. We all grew up believing that credit was money (legal tender) and the lender was at risk and that it should be repaid. The reality is the banking system does not work in that fashion. Let's go through how money is lent at the bank level, and then we'll see how this applies to you and your alleged debt. Here's how it really works: First, you signed a promissory note, a promise to pay the credit that was extended to you and interest over a period of time. You expected to do this. You acquired the credit by signing a promissory note (your credit card agreement). However, the bank does not let you know that a promissory note is actually a "negotiable instrument" under the uniform commercial code, and that it will be deposited to fund your loan. The banker or creditor turned the note into cash through the federal reserve and used it to pay off the credit that was extended to you. The net result is you just funded your own credit on the power of your signature, and the banker or creditor doesn't tell you up front that it is paid off. That's right...banks and lending institutions only appear to lend money. When you signed the unsecured debt agreement, your signature created the credit that the bank or creditor extended to you. The promissory note is a bank asset, and that asset is deposited into a demand deposit type of account. You have just signed an agreement wherein you promised to pay the lender principle and interest when they had nothing at risk to begin with. To add insult to injury, the lender can fractionalize your note through the federal reserve, expanding its value up to nine times the note's face value ($25,000 can become $225,000), tax-free money the lender can invest or spend as he pleases. You thought that piece of paper was just a commitment to pay back a loan, but to the banker, your signature was worth cold, hard cash! The "lending" techniques that are used in the banking system today are beyond brilliant. It took some very smart people to figure out how to appear to be lending money, when in actuality the "legal tender" is being supplied by the person that requested the loan. The bank or other lending institution does not disclose to you that your promissory note is actually an asset to the bank that they deposit. It???s important for people to understand that in today's banking economy, promissory notes are the legal tender. All we're asking for is equal protection under the law, equal protection under the bank loan agreement, and for the whole truth about the bank loan agreement to be revealed. Because the reality is, the whole truth is not revealed to the borrower. The end result is you and millions of others believe you have a debt, when in fact you factually provided the actual cash value for your own loan. We understand it is initially difficult for a client to accept that the banks would have crafted a plan of such monumental proportions to take advantage of people; however there are resources that you can use to further research these issues. ( google: " a national bank cannot loan credit") for these reasons and others, we feel it is ethical and justified for credit card holders to discharge these unjust credit card agreements." |
your constructive input will be appreciated !!
Throw in the United States Bankruptcy of 1933, and all impeding
Throw in the United States Bankruptcy of 1933, and all impeding consequences to that action(ie..FDR's Gold Confiscation Act, The Federal Reserve Act, and Erie Railroad Co. v. Tompkins-1938).. After these treasonous actions, every common American was reduced to nothing more than "chattel property"..Literally "Human Resources" that the International Banksters could now use as "collateral" to "Loan" the people back THEIR OWN CREDIT..."LEGAL Tender" is nothing more than phony debt based accounting notes based on nothing more than the FAITH of the People that it will be Accepted For Value on all DEBTS Public and Private. Unlike "LAWFUL" money, it CAN NOT be brought to any local bank and exchanged for GOLD at anytime the holder chooses, when the "legal tender" looses confidence. Even more bizarre than the alchemist turning the properties of Lead into Gold, the Banksters have turned Federal Reserve Accounting Unit Denominations(FRAUD) (bonds,notes,securities,credit) into the ONLY "Accepted" currency of exchange using fractional reserve lending and complexed derivatives schemes to generate trillions of "FRAUD". Those "accepted" FRAUD notes have been used to buy ALL the "REAL" wealth of the American populace(ie..Land, Labor, Resources)...A fair shake wouldn't you say?!?! Reminds me so clearly of a quote from one of our brave forefathers who warned us against ever allowing this type of travisty to occur:
[QUOTE]"If the American people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered."[/QUOTE]
~President Thomas Jefferson, letter to Treasury Secretary Albert Gallatin (1802)
The only way out of this impeding death spiral is for the American people as a mass to GET EDUCATED on these issues, and to reclaim their RIGHT to A LAWFUL money system.. In order for a "CONtract" to be enforceable it must be based on a "FULL DISCLOSURE"...Was Any Of This "FRAUD" Disclosed To Us???? It has ALL been orchestrated under "color of Law" and with obvious "intention to deceive"..UNLESS and UNTIL Their is a MASSIVE movement with this basic Premise and LAWFUL argument at the forefront, WE will inevitably fulfill Jefferson's visionary quote... GO HERE if you have been foreclosed or are in litigation for any loan(ie..FRAUDULENT agreement)
On the "main page" of the above link in the up right click on "B
On the "main page" of the above link in the up right click on "Bank Fraud"(This INFO IS ALL FREE provided by a humble servant of TRUTH, and a TRUE Patriot) this will bring you to documents YOU CAN USE to JOIN an ongoing nationwide appeal to have the FBI investigate and prosecute ALL parties involved in the intentional Mortgage Securities fraud intended to STEAL the homes and livelihoods of the American people in return for NOTHING..Judges in State Superior Courts are "rubber stamping" these foreclosure lawsuits with no request for the supposed "Lenders" to provide VALID proof of the [URL="http://4closurefraud.org/2010/04/27/foreclosure-fraud-of-the-week-two-original-wet-ink-notes-submitted-in-the-same-case-by-the-florida-default-law-group-and-jpmorgan-chase/"]ORIGINAL WET-INK MORTGAGE Note[/URL]...This is COMPLETELY ILLEGAL because in order for a "Holder In Due Course" to have a Valid Claim THEY MUST PROVIDE THIS EVIDENCE.
Federal Rules of Evidence:
generally [fre 1002]
o rule: when the contents of a writing, recording or photo are being proven, the original writing must be offered or its absence satisfactorily explained.
o policy considerations:
? written word has special sanctity in law
? avoid erroneous descriptions from memory where the exact words of a writing are critical to a trier of fact’s decision.
? avoid transcription errors—copies viewed with suspicion
? assurance of completeness and accurate context
? may shed light on authenticity and alteration
Anyone who has researched this long enough KNOWS that they cannot PRODUCE THE ORIGINAL, because as the first POST in this blog describes once you sign that Promissary Note, the supposed "Money" is right then and there CREATED!! The Bank then takes your signed "Credit Endorsement" and "monetizes"(ie.. turns it into "legal tender")and it is deposited into THEIR account as AN ASSET 10%~ held as reserve, and the other 90%~ can be loaned out according to "fractional reserve lending" procedure ad infinitum....Was ANY OF THIS DISCLOSED TO YOU prior to your endorsement of the CONtract(ie..mortgage,deed of trust,credit card, equity loan, and ALL other FRS lending instruments?????????????? DO THE RESEARCH!!! THESE BANKSTERS HAVE HELL TO PAY!!!!! We Must make this THE MOST PRESSING ISSUE IN CURRENT AFFAIRS!!! ALL courts MUST uphold the LAW and DEMAND the production of THE ORIGINAL DOCUMENTS..
For a simple analogy of the level of fraud being perpetrated here:
If you went to buy a car, and after you "exchanged" cash, or signed a loan agreement,the smooth criminal salesman then hands a photo copy of the "Title" to the car. Would you "assume" that "copy" gives you rights to be the "owner"..Would the so called"State" even let you "register" that vehicle?????
****This is EXACTLY what is happening with foreclosure cases ALL AROUND THIS COUNTRY!!!!!!!!******