Hello All -
Millions of people fall victims to banks and financial institutions because we were taught from an early age that banks give people money.
Well because of the fact that we have been lend to believe this we are abused by the banks.
Banks use to lend their assets to individuals but ever since the Federal Reserve came about... This changed.
Banks DO NOT LOAN MONEY... Banks make exchanges...
Please begin to educate yourself on the banking process because KNOWLEDGE IS POWER!
Search the web for: "Modern Money Mechanics"... This workbook was written by the Federal Reserve Bank of Chicago, however it is now out of print.
Page 6 & 7 will open your eyes forever.
This workbook explains in great detail the process of how banks operate to loan credits to consumers.
IT'S TIME FOR A CHANGE... AS CONSUMERS we MUST take back the control. The banks are not disclosing important information to the consumer about the transaction they enter into with the banks.
How can an exchange be a loan???
That's the million dollar question...
The bank do not loan borrowers their assets, in fact when you receive a loan it increased a banks assets!
&The bank makes you a depositor without you knowing it. Fraud of Concealment
&The bank advertise that they loan "MONEY" $. Fraud of False Advertisement
&The bank opens an account in your name, deposits your negotiable instrusment - received cash and then turns around and withdraws the fund by issuing you a check, from the very account they deposited your negotiable instrument into.
(negotiable instrument?) - The signed promissory note and/or signed contract.
&This account is opened in your name without you knowing...
The courts have already made it clear that a bank can not loan credit and charge you interest.
So how will a consumer know if they received a loan and the bank used their assets? Well, think back... Did you receive CASH or a check? That's one way of telling. If you received a loan in 2003 through today/present... More then likely you received a loan of credit and not a loan of money.
Car loans, credit cards, mortgage loans are the 3 major instruments that are sold in the secondary market.
We must stop these thieves.
Search the website for: "You funded your own loan"
Your loan is paid in full and you don't know it. Yet you continue to make payments and on top of that interest. THE bank did not give you anything.
You actually gave them something, but you didn't know once you signed the documents it became valuable.
Millions of homes are being foreclosed and these homes are paid for already.
Million of cars are being repossess and these cars are paid for already.
We MUST become better informed consumers... To understand how they exploit the hardworking people of the uSA.
What is your remedy?
You first have to validate the debt with your car company or mortgage company.
Ask them 5 Questions
- What was the alleged agreement of the contract?
- Did the company use their "ASSETS" to fund the loan?
- Was a transaction account created without my knowledge and I provided the consideration for the bank check?
- Request a copy of the front and back of the contract (cars) or promissory note / mortgage note - (homes) in it's original state.
- Request an audited copy of their double entry general ledgers of your acount.
Don't get your hopes up and think they will provide this information. They might respond and merely send you the documents you signed when you completed the transaction. Those documents are not what you want.
This is your first step
2nd Step
Once you receive a response and you don't get your question answered or
If you don't get a
Make a compliant with the FDIC and tell them you believe that fraud was involved in your transaction and your lender will not answer your questions.
Make a compliant with the Department of Banking and finance as well / OCC
Make a compliant with the Federal Trade Commission.
The banks will begin to either disclose this information or CLOSE THEIR DOORS.
We MUST stop thinking that the banks are giving you something... When they are not... IT'S AN ILLUSION, when you begin to ask the HARD QUESTIONS then you will see that the piece will start to come together.
If you begin asking questions and you don't get the answers... Climb up the ladder to someone that can answer the questions.
They will hide behind a statment something like this:
-It's not required that we disclose that information to you
-We adhere to all banking laws
Yeah right...
You must get de-programmed 1st... You are not in default... You are not late... You don't owe the fraudulent debt!!!
Those payments are all extoration payments! Why? Because they told you - you won't get your title and/or deed unless you pay the loan in full.
Fraud of Extoration!
AGAIN, you must learn the UNSPOKEN PROCESS of the banks (only the head officers of the bank know this process)
Again, YOU MUST being research things for yourself and not merely rely on others - because what they tell you may not be the truth.
For the individuals on this website that are tired of being exploited search the web for the things I told you search for... And diligently study, then write your letters to the lender wait for a response and if they do not address or provide the requested documentation, file your compliants.
A website will soon be created to encourage a class action.
Look out for this information soon.
We must stop the banks from robbing us blind!!!
Be strong and Keep up the fight...
Fed UP
Renee'
Atlanta, GA
Fed up
Newnan, Georgia
U.S.A.
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