Banks Don’t Lend Money, You Loan Them Credit/Property – aka Promissory Notes
EDITORIAL:
This video and article align with our recent teachings about MONEY and dealing with loans, credit, and more. ASK THIS: If banks don’t loan out money but instead, you loan THEM your note/credit/property (and signature), which in turn creates the money, then what is the actual debt at the end of the day? If they profit from your property (note), shouldn’t they owe you money, and wouldn’t their statements (aka bills) be erroneous? Various laws outline your rights concerning “Billing Errors” with corporations, utilities, governments, banks, and lending institutions.
This man’s claims are consistent with 12 U.S.C. 83, which says that banks DO NOT and CANNOT loan their own money:
12 U.S. Code § 83 – Loans by bank on its own stock
(a)General prohibition
No national bank shall make any loan or discount on the security of the shares of its own capital stock.
For purposes of this section, a national bank shall not be deemed to be making a loan or discount on the security of the shares of its own capital stock if it acquires the stock to prevent loss upon a debt previously contracted for in good faith.
(R.S. § 5201; Pub. L. 106–569, title XII, § 1207(a), Dec. 27, 2000, 114 Stat. 3034.)
The feds took a clue from the mob in Vegas. You put a fancy looking veneer on the outside that says Chase, US Bank or Wells Fargo. The people visiting think they’re all independent. In reality they are all FRONT MEN for the feds. The fed’s say, “Hey, wanna be (almost) a bank? You get to make some money in the scam and in exchange we’ll guarantee you need have nearly no real assets on hand. Our FBI will also protect you. Just do as you are told. When we say you are free to identify an account with any 9 digits (under the KYC rules), we mean wink wink a SSN TIN. When our people walk in your bank, you give them anything they want in “cooperation.” KYC rules are discussed in:
Know Your Customer (KYC) Disclosure and Legal Notice and Demand to Obey Law, Form #09.084
https://sedm.org/Forms/09-Procs/KYCDisclosure.pdf
THE BANK MORTGAGE BUSINESS IS AN UNCONSCIONABLE SCAM – THE PROCESS STEP BY STEP:
- Borrower signs the bank’s Loan Contract and Mortgage.
- Borrower’s signature transforms the Loan Contract into a Financial Instrument worth the value of the agreed Loan amount.
- Bank Fails to disclose to borrower that the borrower created an asset.
- Loan Contract (Financial Instrument) asset deposited with the bank by borrower.
- Financial Instrument remains property of borrower since the borrower created it.
- Bank Fails to disclose the bank’s liability to the borrower for the value of the asset.
- Bank fails to give borrower a receipt for deposit of the borrower’s asset.
- New money credit is created on the bank books, credited against the borrower’s financial instrument.
- Bank fails to disclose to the borrower that the borrower’s signature created new money that is claimed by the bank as a Loan to the borrower.
- Loan amount credited to an account for borrower’s use.
- Bank deceives borrower by calling credit a “Loan” when it is an exchange for the deposited asset.
- Bank deceives public at large by calling this process Mortgage Lending, Loan and similar.
- Bank deceives borrower by charging Interest and fees when there is no value provided to the borrower by the bank.
- Bank provides none of its own money so the bank has no consideration in the transaction and so no true contract exists.
- Bank deceives borrower that the borrower’s self-created credit is a “Loan” from the bank, thus there is no full disclosure so no true contract exists. Borrower is the true creditor in the transaction. Borrower created the money. Bank provided no value.
- Bank deceives borrower that borrower is Debtor not Creditor
- Bank Hides its Liability by off balance-sheet accounting and only shows its Debtor ledger in order to deceive the borrower and the Court.
- Bank demands borrower’s payments without just cause. Deception-theft- fraud.
- Bank sells borrower’s Financial Instrument to a third party for profit.
- Sale of the Financial Instrument confirms it has intrinsic value as an asset, yet that value is not credited to the borrower as creator and depositor of the Instrument.
- Bank hides truth from the borrower, not admitting theft, nor sharing proceeds of the sale of the borrower’s Financial Instrument with the borrower.
- The borrower’s Financial Instrument is converted into a security through a trust or similar arrangement in order to defeat restrictions on transactions of Loan Contracts.
- The Security including the Loan Contract is sold to investors, despite the fact that such Securitization is Illegal.
- Bank is not the Holder in Due Course of the Loan Contract .Only the Holder in Due Course can claim on the Loan Contract.
- Bank deceives the borrower that the bank is Holder in Due Course of the Loan.
BEGIN ARTICLE:
“Banking is slightly illegal,” says world-renowned economist Richard Werner, who is leading the charge against CBDCs. In this episode of “The Glenn Beck Podcast,” Richard teaches Glenn that “banks don’t take deposits, and banks don’t lend money.” That begs the question, “What do banks actually do?”
This discussion may make you realize that all you think you know about money is wrong. That’s not all we don’t know about the economy. We also have no clue which banks make up the Federal Reserve, who created Bitcoin, or the real relationship between inflation and interest rates. But we do know that COVID-19 revealed a global concentration of power and probably paved the way for the tool dictators of old could have only dreamt of: CBDC. Before the appeal of Universal Basic Income lures you into implanting a chip under your skin, it may be time to consider whether or not America should follow the China-inspired path to one central bank. Perhaps, it’s time to consider what Glenn says about the central planners of our economy: “You’re in Vegas, and the house always wins.”
Learn more about Richard Werner and his book Princes of the Yen: https://richardwerner.org/book/