When you go to a bank for a loan for a vehicle, home, investment property or other need or desire and they agree to loan you the amount you need, where do you think the money they are loaning you comes from?
Do you not think that the bank is lending you the money of other depositors?
That is what we have all believed for years and what we were taught in the public fool system. But let’s take a closer look ….
When you go to a bank for a loan for any reason, you actually create the money you think you are borrowing from the bank! ALL loans are handled the same way whether a mortgage, vehicle loan, credit card account or any other loan. Since they are all handled in the same way, let’s just look at mortgages.
This is how it is done: after you have signed the loan application and it has been approved, the bank will ask you to sign a Promissory Note and either a Deed of Trust or a Mortgage depending on the state you live in.
All paperwork will be made out in the name of your STRAW MAN because the bank, being a fictitious entity, cannot do business with you, a flesh and blood, living, breathing man. But YOU will sign the paperwork, purportedly for your STRAW MAN.
As soon as you affix your signature to the Promissory Note it becomes a negotiable instrument! That means it is the same as cash. You just created new money! The bank receives it as cash and accepts it as a deposit! Then, in order to make their books balance they create an off-setting credit entry of exactly the same amount out of thin air, new ‘money’ created by a mere computer entry, and loan your credit to your STRAW MAN.
It is not money which the seller of the property gets, it is credit to his account. That credit was produced out of thin air (monetized) and the amount of the mortgage has just been added to the economy thus producing more money chasing the same amount of goods in the market place and forcing prices higher causing inflation which fractionalizes your credit and the credit of everyone else.
The banking system is based on fraud, fraud, fraud and is operating a double dip scheme! They’re after our pre-paid consideration.
Read what some of the top insiders have said about the banksters:
“Banks lend by creating credit. They create the means of payment out of
nothing.” Ralph M. Hawtrey, Secretary of the British Treasury
”It is well that the people of the nation do not understand our banking and
monetary system for, if they did, I believe there would be a revolution before
tomorrow morning.” Henry Ford
“The regional Federal Reserve Banks are not government agencies but are
independent, privately owned and locally controlled corporations.”
Lewis V. United States, 680 F.2d 1239 (1982)
“We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has
the people of the
government. It has done this through the corrupt practices of the moneyed
vultures who control it.” Congressman Louis T. McFadden (R-PA)
“This [Federal Reserve Act] established the most gigantic trust on earth. When
the President [Wilson] signs this bill, the invisible government of the money
power will be legalized … the worst legislative crime of the ages is perpetrated by
this banking and currency bill. From now on, depressions will be scientifically
created.” Congressman Charles A. Lindberg, Sr., 1913
When you or I write a check there must be sufficient funds in our account to cover
the check but when the Federal Reserve writes a check there is no bank deposit
on which that check is drawn. When the Federal Reserve writes a check, it is
creating money.” Putting it Simply, Boston Federal Reserve Bank
“I have never seen more Senators discontent with their jobs …I think the major
cause is that, deep down in our hearts, we know we have been accomplices in
doing something terrible and unforgivable to our wonderful country … we know
that we have given our children a legacy of bankruptcy. We have defrauded our
country to get ourselves re-elected.” Senator John Danforth, (R-MO)
“I believe that banking institutions are more dangerous to our liberties than
standing armies. Already they have raised up a monied aristocracy that has set the
government at defiance. The issuing [of money] power should be taken away
from the banks and restored to the people to whom it properly belongs.
President Thomas Jefferson
“History records that the money changers have used every form of abuse, intrigue,
deceit and violent means possible to maintain their control over governments by
controlling money and its issuance. President James Madison
“The individual is handicapped by coming face to face
with a conspiracy so monstrous he cannot believe it exists.”
J. Edgar Hoover
One can easily eliminate one’s mortgage or other debt by essentially demanding that the so-called “Lender” validate the debt, that is, prove where the so-called ‘money’ came from which created the debt. That is impossible for any bank to do because they all operate in the fraudulent banking system of which they are all a part to wit:
FROM THE BOOK “MODERN MONEY MECHANICS”
Published by the Federal Reserve Bank
How the Multiple Expansion Process Works:
If the process ended here, there would be no “multiple” expansion, i.e., deposits and bank reserves would have changed by the same amount. However, banks are required to maintain reserves equal to only a fraction of their deposits. Reserves in excess of this amount may be used to increase earning assets – loans and investments. Unused or excess reserves earn no interest. Under current regulations, the reserve requirement against most. transaction accounts is 10 percent. Assuming, for simplicity, a uniform 10 percent reserve requirement against all transaction deposits, and further assuming that all banks attempt to remain ful1y invested, we can now trace the process of expansion in deposits which can take place on the basis of the additional reserves provided by the Federal Reserve System’s purchase of U.S. government securities.
The expansion process may or may not begin with Bank A, depending on what the dealer does with the money received from the sale of securities. If the dealer immediately writes checks for $10,000 and all of them are deposited in other banks, Bank A loses both deposits and reserves and shows no net change as a result of the System’s open market purchase. However, other banks have received them. Most likely, a part of the initial deposit will remain with Bank A, and a part will be shifted to other banks as the dealer’s checks clear.
3 Dollar amounts used in the various illustrations do not necessarily bear any resemblance to actual transactions. For example. Open market operations typically are conducted with many dealers and in amounts totaling several billion dollars.
There you see it admitted in their own publication! Your Promissory Note allowed the so-called “Lender” to create new money out of thin air and charge you interest on such created money which is called usury.
It costs next to nothing for the “lender” to make you that mortgage loan, or any other loan. In fact read your Promissory Note or Deed of Trust or Mortgage carefully and you will find that “Lender”, and “Borrower” are in quotation marks.
Rules of English grammar:-
The above gives us an idea of the subtlety of the deception of the banksters, sneaking in words in quotes that actually mean something else. BEWARE THE BANKSTERS!!!
In other words “Lender” really means “we are just calling them the lender” and “Borrower” really means “we are just calling them the borrower”. They are both actually something else.
Get your mortgage debt eliminated and donate the money saved to the Lord’s work
“With God nothing shall be impossible.” (Luke 4:37)
Since The Seventeenth day of the First month
anno Domini Two thousand ten
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