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
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/