Friday, October 10, 2008

Banking Secrets

You would think that I should know all about this because I worked in two financial institution. Wrong, I did not find this out until I became the constitutionalists.

Banking ads represent, that the bank will lend you money in exchange for repayment, plus interest. This absurd idea is completely contrary to what, in reality, transpires and what is actually intended. The fact is, banks do not lend you any of their own, or depositors money.

For example; when you apply for a credit card or loan, (let say you are approved for $10,000.00) the commercial bank stamps the back of the application, as if it were a check, with the words: "Pay $10,000.00..." which alters your application, transforming it into promissory note.

Altering a signed document, after the fact with the intention of changing the document's value, constitutes forgery and fraud. Forgery is the process of making or adapting objects or documents with the intent to deceive. Fraud is any crime or civil wrong perpetuated for personal gain that utilizes the practice of deception as its principal method.

In criminal law, fraud is the crime or offense of deliberately deceiving another, to damage them - usually, to obtain property or services without compensation. This practice may also be referred to as "theft by deception," "larceny by trick," "larceny by fraud and deception" or something similar.

Having altered the original document, the (now) promissory note is deposited at the local Federal Reserve Bank as new money. Generally Accepted Accounting Principles (the publication governing corporate accounting practices) states: "Anything accepted by the bank as a deposit is considered as cash." This new money represents a three to ten percent fraction of what the commercial bank may now create and do with as they please.

So, $100,000.00 to $330,000.00.00, minus the original $10,000.00 is now added to the commercial bank's coffers. With this scheme they are taking your asset, depositing it, multiplying it and exchanging it for an alleged loan back to you. This may constitute deliberate theft by deception. In reality, of course, no loan exists.

Having altered the original document, the (now) promissory note is deposited at the local Federal Reserve Bank as new money. Generally Accepted Accounting Principles (the publication governing corporate accounting practices) states: "Anything accepted by the bank as a deposit is considered as cash." This new money represents a three to ten percent fraction of what the commercial bank may now create and do with as they please.

At this point in the process, they have now transferred and deposited your note (asset) to the Federal Reserve Bank. This note will permanently reside and be concealed there. Since they've pilfered your promissory note, they owe it back to you. It is you, therefore, who is actually the creditor. This deceptive acquisition and concealment of such a potentially valuable asset amounts to fraudulent conveyance.

In legal jargon, the term "fraudulent conveyance" refers to the illegal transfer of property to another party in order to defer, hinder or defraud creditors. In order to be found guilty of fraudulent conveyance, it must be proven that the intention of transferring the property was to put it out of reach of a known creditor - in this case, you.

Once they have perpetrated this fraudulent conveyance, the creditor then establishes a demand deposit transaction account (checking account) in your name. $10,000.00 of these newly created/acquired funds are then deposited into this account. A debit card, or in this case, a credit card or paper check is then issued against these funds. Remember - it's all just bookkeeping entries, because this money is backed by nothing.

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