“A Mortgage Is
Not A Contract”
"Those
unaware are unaware of being unaware."(Merrill Jenkins)
You now have to
deal with the human reaction of rejection, denial based on fear, which was
caused by the following reasons. One, the realization that your government does
not have your best interest at heart. Two, that your government representatives
would allow your enslavement for their personal gain. Three, the ultimate
insult, that anyone could con you out of your money and property with your help
and blessing. Four, that the government sponsored schools withheld the
necessary knowledge that would have made fraud and con impossible.
Are you mad yet?
No!
Still in a mental
state of denial huh? The next two unimpeachable authorities should overcome
your denial, the fear you will have to deal with in your own way.
First, Marriner
Eccles, then chairman of the Board of Governors of the Federal Reserve System,
in testimony before the Banking and Currency Committee of the House of
Representatives on the Banking Act of 1935. Mr. Eccles testified: In purchasing
offerings of Government bonds, the banking system as a whole creates new money,
or bank deposits. When the banks buy a billion dollars of Government bonds as
they are offered-and you have to consider the banking system as a whole, as a
unit - the banks credit the deposit account of the Treasury with a billion
dollars. They debit their Government bond account a billion dollars, or they
actually create, by a bookkeeping entry, a billion dollars.
Second, President
Eisenhower's Secretary of the Treasury Anderson in an interview with U.S. News
and World Report on August 31, 1959:
Question: Do you
mean that banks, in buying Government securities, do not lend out their
customers' deposits? That they create the money they use to buy the securities?
Answer: (by
Secretary Anderson): That is correct. Banks are different from other lending
institutions. When a savings and loan association, an insurance company, or a
credit union makes a loan, it lends the very dollar that its customers have
previously paid in. But when a bank makes a loan, it simply adds to the
borrower's deposit account in the bank by the amount of the loan.
The money is not
taken from anyone else's deposit; it was not previously paid in to the bank by
anyone. It's new money, created by the bank for the use of the borrower.
"We are
completely dependent on the commercial Banks. Someone has to borrow every
dollar we have in circulation, cash or credit. If the Banks create ample
synthetic money we are prosperous; if not, we starve.
We are absolutely
without a permanent money system. When one gets a complete grasp of the
picture, the tragic absurdity of our hopeless position is almost incredible,
but there it is. It is the most important subject intelligent persons can
investigate and reflect upon. It is so important that our present civilization
may collapse unless it becomes widely understood and the defects remedied
soon." (Robert H. Hemphill, Credit Manager of Federal Reserve Bank,
Atlanta, Ga.)
"The banks
-- commercial banks and the Federal Reserve -- create all the money of this
nation and its people pay interest on every dollar of that newly created money.
Which means that private banks exercise unconstitutionally, immorally, and
ridiculously the power to tax the people. For every newly created dollar
dilutes to some extent the value of every other dollar already in
circulation." (Congressman Jerry Voorhis)
On top of all
that the bankers were able to get Congress to allow them to practice fractional
banking. The banks can loan out 98% of the money on deposit, so if you
deposited one thousand dollars, the bank could loan out nine hundred and eighty
dollars.
This is creating
money out of thin air, account money, no money has actually been printed yet
now out of the 98% available to be loaned out, you now owe more interest and no
money has been printed to repay the principle much less the interest. This
money can continue to be loaned out until it reaches zero.
What a scam!
If it's not
obvious to you yet, this was a fraud from the beginning because bank created
money was required to repay the interest, which was impossible because only
principle money was created.
Francis Corbin, a
delegate from Virginia [1787] said: "The debts due by the United States
and how much is due to foreign nations! No part of the principal is paid to
those nations; nor has even the interest been paid as honorably and punctually
as it ought. Nay, we were obliged to borrow money last year to pay the
interest.
What! Borrow
money to discharge the interest of what was borrowed, and continually augment
the amount of the public debt! Such a plan would destroy the richest country on
earth."
Here is a example
of how the Social Security scam works: Paul, in the year 1940, saves by paying
one hundred dollars to the national Social Security Administration. He receives
in exchange a claim which is virtually an unconditional government IOU drawn
upon the future taxpayers, because government uses this money on the interest
it owes and places a IOU in the fund to cover your deposit, it is a tax and a
forced loan. In 1970 a certain Peter may have to fulfill the government's
promise although he himself does not derive any benefit from the fact that
Paul, in 1940, saved one hundred dollars. Thus it becomes obvious that the Pauls
of 1940 do not owe it to themselves. It is the Peters of 1970 who owe it to the
Pauls of 1940. The administrators of 1940 solve their problems by shifting them
to the administrators of 1970. On that date the administrators of 1940 will be
either dead or elder statesmen glorying in their wonderful achievement, Social
Security.
Add to that the
fact that Paul's one hundred dollars which was redeemable in silver will have
to be redeemed by non-redeemable debt [fiat] money. You cannot pay a debt
obligation with a debt note, you can only discharge the debt and pass it to the
next generation.
"In Germany
they came first ... for the Jews, and I didn't speak up because I wasn't a Jew.
Then they came for the trade unionists, and I didn't speak up because I wasn't
a trade unionist. Then they came for the Catholics, and I didn't speak up
because I was a Protestant. Then they came for me, and by that time no one was
left to speak up."(Martin Niemoller)
Serious problems
face this nation, there is unrest because of the financial situation.
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