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 * 1) 1 Mortgage Elimination provides an incredibly confidential administrative procedure which has up to now been 100% effective. It's a non-confrontational approach to insure there is not any litigation. After all, what bank can be dumb enough to need to take their own fraud into court with someone you never know their secrets and tips on how to take care of them? The "lending" techniques which are used are beyond brilliant. It took some very, very smart individuals to determine  easy methods to seem like lending money, but actually have price supplied the particular person looking for a borrowing arrangement. And which is what is going on.

If you're a reputable, ethical one who believes the party who funds credit should be repaid, then we may help you. When you will find reality, you can be happy to become repaid for funding your personal loan and wonder why the bankers thought they must be paid.

All we're requesting you is equal protection within the law, equal protection in the loan from the bank agreement, regarding the full truth concerning the mortgage agreement being revealed. The whole fact is NOT revealed on the borrower. The bank or other lending institution does NOT speak in confidence to you that IOU is actually a property to your bank - they deposit as THEIR asset.

The bank not necessarily let you already know that a promissory note is truly a "acceptance bill" under the Uniform Commercial Code, and that it is going to be deposited to advance your loan. Nor did they inform you how the bank the liability for your requirements of around the regarding the financing. (The bank owes you by their own bookkeeping entries!)

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

That's right: banks and finance companies only appear to lend money. Let's take a quick have a look at how money is created with the "government" level, only then do we'll find out how this is applicable to your your alleged debt.

But could it be money? Where did the Federal Reserve get the money to interchange for the govt. bonds? It created a bookkeeping entry. That's it! Money is made by banks from nothing! Our government gave them that power in the event it created the Federal Reserve System. The Federal Reserve creates money regarding nothing; this can be usury, the payment of interest on pretended loans; important reason behind the hidden tax called inflation; the way through which the Fed creates boom-bust cycles. This technique was developed by political and monetary wizards produce money regarding nothing to the reason for lending. This just isn't an entirely accurate description because doing so implies that money is made first next waits for someone to borrow it.

On the other hand, textbooks on banking frequently state that cash is done out of debt. This and is misleading since it implies that debt exists first next is turned into money. In truth, money just isn't created until the minute it is borrowed. It could be the act of borrowing that can cause it to spring into existence. And, incidentally, it is the action of paying down the debt that triggers it to completely disappear. There is no short phrase that perfectly describes that process. So, until you are invented along the way, we shall continue the actual phrase "create money from nothing" and occasionally add "for any function of lending" where essential to further clarify the meaning.

So, let us now...see precisely how to choose far this money/debt-creation process recently been carried -- and just how operates.

The first undeniable fact that has to be considered is that our money has no gold or silver behind it whatsoever. The fraction just isn't 54% nor 15%. It is 0%. It has traveled the path almost all previous fractional money in the past and already has degenerated into pure fiat money. The fact that almost all of it's within the form of checkbook balances rather than paper currency is a mere technicality; and the indisputable fact that bankers discuss "reserve ratios" is eyewash. The so-called reserves in which they refer are, actually, Treasury bonds and other certificates of debt.

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


 * 1) 2 Our money is "pure fiat" all-embracing. Money by decree.

The second incontrovertible fact that has to be clearly understood is actually, despite the technical jargon and seemingly complicated procedures, the specific mechanism by the actual Federal Reserve creates money is quite simple. They take exactly the same way the goldsmiths of old did except, after all, the goldsmiths were tied to the need to hold some precious metals in reserve, whereas the Fed doesn't have a such restriction.

The Federal Reserve is candid. The Federal Reserve is actually amazingly frank this particular process.

A booklet published by the Federal Reserve Bank of New York tells us:

Currency cannot be redeemed, or exchanged, for Treasury gold or any other asset used as backing. The question of just the thing assets 'back' Federal Reserve notes has little but bookkeeping significance.

Elsewhere inside the same publication we've been told: "Banks are creating money based on a borrower's promise to cover (the IOU)...Banks create money by 'monetizing' the private debts of businesses and individuals."

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

In the Dixie neither paper currency nor deposits have value as commodities. Intrinsically, a buck bill simply a chunk of paper. Deposits are just book entries. Coins do have some intrinsic value as metal, but generally far under their face amount.

What, then, makes the instruments -- checks, paper money, and coins -- acceptable at bid price in payment almost all debts and for other monetary uses? Mainly, it can be the confidence folk have that they are going to be able to exchange such money for other financial assets and real goods and services every time they favor to achieve this. This partly is a point of law; currency is designated "circulating medium" by the govt. -- which is, it should be accepted.

In the small print of an footnote within a bulletin with 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, being fiduciaries, creating obligations against themselves with the fiat base acting partially as reserves. The decree appears the actual currency notes: "This note is cash almost all debts, public and private."

While no individual could refuse to simply accept such money for debt repayment, exchange contracts could be easily composed to thwart its used in everyday commerce. However, a forceful explanation in order to the why budgets are accepted is the united states government requires since payment for tax liabilities. Anticipation in the must clear this debt produces a demand for the pure fiat dollars

Now we don't expect you to believe without some proof. I mean, it's just insane, right? Listen into a recording about the Story of the Federal Reserve System. It's FREE for you, over sixty minutes long, and it's called The Creature from Jekyll Island**, by G. Edward Griffin. Mr. Griffin can be a -respected authority on the creation on the Federal Reserve Banking System, and has written a best-selling book of the identical name.


 * 1) 3  Money would vanish without debt.

It is tough for Americans to come to grips with the undeniable fact that their total money-supply is backed by nothing however debt, and it can be more amazing to visualize that, if everyone repaid all had been borrowed, there would be get left around the world.

That's right, there'd cease one penny in circulation -- all coins and many types of paper currency could be returned to bank vaults -- there can be not just one dollar in anyone's checking account. In short, all money would disappear.

Marriner Eccles was the Governor on the Federal Reserve System in 1941. On September 30 of this year, Eccles was asked to present testimony ahead of the House Committee on Banking and Currency. The reason for the hearing ended up being obtain info about the role with the Federal Reserve in creating issues that resulted in the depression on the 1930s.

Congressman Wright Patman, who has been Chairman of that committee, asked the actual Fed got the money to acquire two billion dollars valuation on government bonds in 1933. This would be the exchange to come.

ECCLES: We created it. PATMAN: Out products? ECCLES: Out of the appropriate to issue credit money. PATMAN: And there may be nothing behind it, perhaps there is, except our government's credit? ECCLES: That exactly what our money system is. If there was no debts in this money system, there wouldn't be any money.

It should be pointed out that, while money may represent an asset to selected individuals, when it's considered for aggregate of the overall money supply, it is not a tool almost all. A man who borrows $1,000 may believe that he's got increased his financial position by that amount he not really. His $1,000 cash asset is offset by his $1,000 loan liability, and the net position is zero. Bank accounts are exactly a similar on a larger scale. Add up each of the accounts within the nation, and it will be simple assume that each one that money represents a big pool of assets which support the economy. Yet, just of the cash is owed by someone. Some will owe nothing. Others will owe many times what they possess. All added together, the nation's balance is zero. What we predict is budgets are a grand illusion. The the fact is debt.

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

If all the loans from banks were paid, nobody could have a bank deposit, there would not some money of coin or currency in circulation. This is a staggering thought. We are completely determined by industrial municipal debt market banks. Someone must borrow every dollar we have in circulation, cash, or credit. If banking institutions create ample synthetic money our company is prosperous; otherwise, we starve. We are absolutely without a permanent money system. When one gets a whole grasp of photographs, the tragic absurdity of our hopeless situation is nearly incredible -- there it's.

With understanding that money in America is predicated on debt, it shouldn't come as a surprise discover which the Federal Reserve System is just not minimal thinking about seeing a decrease in debt keep reading to learn country, regardless of public utterances towards the contrary.

Here is the bottom line in System's own publications. The Federal Reserve Bank of Philadelphia says:

"A large and growing number of analysts, alternatively, now regard the nation's debt as something useful, if not an actual blessing....[They believe] the nation's debt need stop reduced any kind of."

The Federal Reserve Bank of Chicago adds:

"Debt -- private and public -- is not going anywhere soon. It plays an essential role in economic processes.... What is essential shouldn't be the abolition of debt, but its prudent use and intelligent management."


 * 1) 4 More on Equal Protection

Our founding fathers knew about this kind of banking. That's why there have been provisions within the Constitution in the united States of America quit this sort of banking system to infest our nation.

Article 1, Section 8, clause 5 states:

"Congress shall have the ability to coin money, regulate property thereof, as well as foreign coin, and connect the conventional of weights and measures."

Article 1, Section 10 partially states:

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

Is it harder produce money with "creative bookkeeping," (or as President Bush says, "Cookin' the Books") by depositing your promissory note as well as never telling you? Or can it be tougher to mine the gold and silver coins to mint the money?

Mining is tough 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 in the commercial world, empowered to take delivery of deposits dollars, for making loans, as well as issue its promissory notes (designed to circulate as money, and commonly called 'bank notes' or 'bank-bills,') or to do anyone a lot more of these functions."

If a promissory note is made to circulate as money, like money it usually is deposited a new bank checking account, can't it? You bet.

That was not ever disclosed within the bank loan agreement, maybe it was? No.

See, if silver and gold coins coin were the money, the actual banking system could hardly exist. Our founding fathers knew that.

Since the MO is a acceptance bill, per the Uniform Commercial Code, when did the bank "own" the acceptance bill? A note is an IOU. It says "I owe you $X, which in order to be repaid on this or that date, or through payments."

Did your vehicle the financial institution permission to show your "promise to repay" into money? Probably not. By the financial institution altering the note and turning it any acceptance bill, they changed the fee and the risk to and also your them. Before they deposit the note the checking account, you thought the agreement was that we were holding planning to loan cash. They were the approaches at risk. It's your duty to pay them.

When your banker deposited the note, the whole price of the borrowed funds was funded by you, and you're now imagined to reimburse them? That's not a person opted for, is it? Because on this banking system, you're in "debt" with "money" that you just provided price for.


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

There is a type of fascinating appeal for this theory. It gives people who expound it a feeling of intellectualism, regions of having the ability to grasp a complex economic principle which is at night idea of mere mortals. And, for your less academically minded, there is the convenience of at the least sounding moderate. After all, what's wrong with a bit of debt, prudently used and intelligently managed? The answer is not, provided your debt relies on an honest transaction. There will do wrong by it if it can be "based on fraud".

An honest transaction is a wherein a borrower pays an approved sum frequently to the temporary regarding a lender's asset. That asset may very well be anything of tangible value. If it were a motor vehicle, as an example, the actual borrower would pay "rent." If it's money, then the rent known as "interest." Either way, the concept is identical.

When we try out a lender -- a bank or a private party -- and get a loan dollars, our company is in order to pay interest on the loan in recognition of the indisputable fact that the money we are borrowing is an asset which we need to use. It seems only fair to pay a rental fee for the asset to the one that owns it. It is not easy to accumulate a motor vehicle, and it isn't easy to acquire money -- real cash, that is. If the cash our company is borrowing was earned by someone's labor and talent, they may be fully entitled to obtain interest this. But exactly what are we to think about money that's created the particular mere stroke of any pen or the press of your personal computer key? Why should anyone collect a rental fee on that?

When banks place credits into your bank checking account, they are merely pretending to lend cash. In reality, they've got not even attempt to lend. Even the cash that non-indebted depositors have placed with him or her was originally created associated with nothing responding to another person's loan. So what entitles banks to collect rent on nothing? It is immaterial that men everywhere have legally to just accept these nothing certificates in trade legitimate services and goods. We are talking here, not about what on earth is legal, but what's moral. As Thomas Jefferson observed for the period of his protracted battle against central banking within the Down East, "No you've got an organic right on the trade of money lender, but he which money to lend."

Let us, therefore, have a look at debt and interest this particular light. Thomas Edison summed the immorality of program when he said:

People who is not going to turn a shovel of dirt the actual project [Muscle Shoals] nor contribute one pound of materials will collect more money...than will the those who will supply all the materials and do all the work.

Is that the exaggeration? Let us the particular purchase of a $100,000 home through which $30,000 represents the fee of another thing, architect's fee, commissions, building permits, knowning that sort of thing and $70,000 is the associated fee of training and building materials. If house buyer puts up $30,000 as a downpayment, then $70,000 must be borrowed. If the financing is issued at 11% the 30-year period, the quantity of of curiosity paid will be $167,806. That means the amount paid to those who loan the money is approximately 2 1/2 times in excess of paid to those that provide all of the labor and all the materials. It does work that it figure represents any time-value of that cash over three decades and simply could possibly be justified on the premise the lender deserves to get compensated for surrendering the use of his capital for half a very long time. But that assumes financial institution actually had something to surrender, which he had earned the capital, saved it, one more kind of loaned it for construction of another individual's house. What are we to consider, yet, about a lender who didn't do anything to earn the money, we had not saved it, and, in fact, simply created it out of nothing?

So so how exactly does the bank loan actually work?

1. You want a loan to your home. 2. The bank advertises these people loan money. 3. You "apply" to get a "loan." 4. They put you via the ringer consequently glad and relieved that you were in a position to be approved for financing. (You know, like they are doing you a really big favor.) 5. They maybe you've sign a acceptance.

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

6. Since your MO could be sold for cash, it's a property. 7. The bank deposits the asset into consideration for about the regarding the note. 8. The bank cuts you a check the particular deposit don't knew about (or transfers the money to those who needs to be receiving it). 9. And you think must pay back money back on mortgage, when the truth is everything appeared was an exchange.

If the acceptance bill is an asset, what funded the lending company's ownership with the note?" Answer: They still don't really purchased it. They made an exchange - Your acceptance (asset towards the bank) was exchanged for approximately the involving the money. You gave the lending company an asset worth $100,000 plus the bank returned $100,000 for you. Where was the money? There wasn't one. But you go about doing must admit, it's brilliant.

As a reputable, ethical one that believes that each one loans must be repaid, do you agree that the bank should repay your loan to them? After all, they deposited your MO. Your IOU is asset that exchanged for a cheque. Where's the financing?

Factually, there's not one. And since all lenders must be repaid, shouldn't the bank repay your loan in their mind? If therefore, you wouldn't possess the "debt" and would live better.

Quickly, if you deposit money in your bank account, does the financial institution now owe you that cash while you want it? Yes. The bank has a fresh asset, the $100 you deposited to your bank checking account. The bank boasts a whole new matching liability that says your banker owes you $100. Assets = Liabilities.

The bookkeeping entries are nearly identical for a deposit for your checking account as well as a new loan. By lending, banks will have more properties and investments. If you are to lend me $500, your "pool funds" would be smaller. When a bank "loans" money, their "pool cash" increases. How to pay off debt