Why Fractional Reserve Banking Still Exists and Banknotes Are Not Created from Squat

[palani]

I promise not to pull a snitty fritz and delete this thread, my pledge to you, the honest members of Gold-Silver.US.

Despite rumors to the contrary the FRN is still backed by 10% assets. The source of these assets are as follows:

1) Birth certificates (negotiable instruments) on file with the Commerce department
2) Mortgages (originals) abandoned at closing with no receipts issued
3) Notes written for mortgages (originals) also abandoned at closing with no receipt issued
4) Bonds .. .specifically prison bonds, bid, performance and payment based upon social security

These negotiable instruments are all assets on the books of a bank. A mortgage for $100,000 can be used (by banking rules) to originate loans of 10x that value or $1,000,000. Over the life of a 30 year mortgage and presuming 6% interest on these loans that $100,000 mortage will bring in interest of $60,000 a year or $1.8 million over the 30 year life. The banks that hold these mortgages don't care about the principle and interest payments on them. A piddly $300,000 is insignificant compared to the interest on the fractional currency issued.

Just another reason to avoid a FRN like the plague, VD and herpies.

[FreeEnergy]

bump for further read.

Can you back this one up by proof?

[palani]

Can you back this one up by proof?

It is an established fact that original notes and mortgages are bundled together and sold. As a result there is no basis for the originating bank to foreclose as it has not standing without the originals.

It is an established fact that birth certificates are on file with the Department of Commerce. It being COMMERCE there must be a reason to have birth certificates stored there.

It is an established fact that the SSN is the account that pays for all prisons and that this is accomplished through bonds on the prisoner. If you were to read Hall's Clerks Praxis you might come away with the conclusion that the winner of any trial at admiralty is going to be the one with the best bond. Admiralty is all about bonds.

Dig around a little. You would be surprised what facts are out there.

[FreeEnergy]

Ok.

Then we should add Naturalization Certificates of all foreigners who naturalized and became US Citizens (maybe that's how they can create more bonds instantly)...

[palani]

Ok.

Then we should add Naturalization Certificates of all foreigners who naturalized and became US Citizens (maybe that's how they can create more bonds instantly)...

True. A Naturalization Certificate records the "birth" of a new citizen.

It has been suggested that anything with an original signature on it is capable of being hypothecated as a debt. Such as personal checks, which no longer find their way back into your possession.

[As an aside I notice a commercial where a guy deposits a check into his bank account by taking a photo of it with his phone and electronically transferring it ... the commercial doesn't even show him photographing the reverse side of the check ... so endorsement seems unnecessary now. The original stays with him then and would not be available for fractionalizing .... leading to the speculation that they have so much paper they can fractionalize they can afford to discard (waste) some]

[FreeEnergy]

Bastards.

What a thievering, jew-banker backward way this country is based on.

I am sorry, I had to say that to went.

No wonder you have to keep all that military, you pissed off so many countries and people in the world they hate your guts, not for your freedoms but for a bunch of hackster paper printing banksters , the world controller wannabies.

Seriously, the only way you want to destroy so many other people's lives is if you have no GOD and no SOUL in you, and that is a definition of a khazar.

I am thinking there's no hope here. You are not #1, you are ass backward in hundreds of years old slavery / financial oligarchy, only with iPhones and nuclear missiles.

[po boy]

Bastards.

What a thievering, jew-banker backward way this country is based on.

I am sorry, I had to say that to went.

No wonder you have to keep all that military, you pissed off so many countries and people in the world they hate your guts, not for your freedoms but for a bunch of hackster paper printing banksters , the world controller wannabies.

Seriously, the only way you want to destroy so many other people's lives is if you have no GOD and no SOUL in you, and that is a definition of a khazar.

I am thinking there's no hope here. You are not #1, you are ass backward in hundreds of years old slavery / financial oligarchy, only with iPhones and nuclear missiles.

Well they had no power that people didn't sign up for and continue to help with.

[palani]

Well they had no power that people didn't sign up for and continue to help with.

Exactly. It is all done with consent.

A local guy got out of jail on a habeas by only repeating the phrase "If I appeared to consent I have never consented and do not consent now."

[Bigjon]

It is an established fact that original notes and mortgages are bundled together and sold. As a result there is no basis for the originating bank to foreclose as it has not standing without the originals.

It is an established fact that birth certificates are on file with the Department of Commerce. It being COMMERCE there must be a reason to have birth certificates stored there.

It is an established fact that the SSN is the account that pays for all prisons and that this is accomplished through bonds on the prisoner. If you were to read Hall's Clerks Praxis you might come away with the conclusion that the winner of any trial at admiralty is going to be the one with the best bond. Admiralty is all about bonds.

Dig around a little. You would be surprised what facts are out there.

No links, no evidence, all asertions with nothing to back it up.

Maybe we all live in a dreamworld.

[po boy]

No links, no evidence, all asertions with nothing to back it up.

Maybe we all live in a dreamworld.


Well maybe you could do some homework. Maybe start with your social security contract.

[letter_factory]

Over the life of a 30 year mortgage and presuming 6% interest on these loans that $100,000 mortage will bring in interest of $60,000 a year or $1.8 million over the 30 year life.


I see you graduated from the congress school of advanced mathematical edyumukashun.


So who doesn't have a birth certificate?

[palani]

No links, no evidence, all asertions with nothing to back it up.

Maybe we all live in a dreamworld.

Facts are on the moon. We live these days by NOTICE. And yes, it is the appearance of reality rather than reality itself. "You can't handle the truth."

[palani]

I see you graduated from the congress school of advanced mathematical edyumukashun. The math is solid. It is the principle of fractional reserve lending that creates the problem.



So who doesn't have a birth certificate? I might have had one until I reached majority. When it became my decision to produce it or not then the thing vanished and cannot be located.

[letter_factory]

The math is solid. It is the principle of fractional reserve lending that creates the problem.


I might have had one until I reached majority. When it became my decision to produce it or not then the thing vanished and cannot be located.


Isn't it still on file at the department of commerce? I don't think they give out the original birth certificate, do they?


also, consent under duress isn't consent. in my state, it's legally mandated for all children to have a birth certificate was what i was told. maybe they lied at the clinic.


and how do you go anywhere, for example, another country, without a passport which, in order to have one, must be backed up by a birth certificate?

[palani]

Isn't it still on file at the department of commerce? I don't think they give out the original birth certificate, do they? They might have a piece of paper at the dept of commerce. I have no intention of ever animating it (or accepting any connection to it ... same thing).

also, consent under duress isn't consent. in my state, it's legally mandated for all children to have a birth certificate was what i was told. maybe they lied at the clinic. I doubt if they lied to you. They just didn't give you all the facts. They do that all the time. You really have to ask questions, like "What statute requires that my children must have birth certificates?" [Let him who would be deceived be deceived.]

I recall one of George Gordon's radio programs. His daughter came home with a raised bruise on her collar bone from some school activity. He didn't believe in hospitals so took her to a chiro. The chiro took an x-ray, found no broken bones and suggested the child be taken to hospital. George had a friend take her. When he got to the emergency room with the child he stated that he wasn't sure but there might be child abuse involved. Whenever there are these type of allegations the child gets sucked into the system right away. When George visited her the next day he said the head nurse had eyes that were shooting daggers at him (the father is always guilty of some form of child abuse). Anyway, they found what was wrong, fixed the kid and sent George an $8,000 bill. He told them he would gladly pay it but the kid had a birth certificate and that made her the property of the state and he had not requested she be admitted anyway. If they would give him title to the kid he would pay the bill. Turns out the state of Utah paid 1/4 of the bill to settle it.

His audios are worth listening to. www.georgegordon.org check radio archives.


and how do you go anywhere, for example, another country, without a passport which, in order to have one, must be backed up by a birth certificate? Passports are an instrument of war. Peaceful men have no need of them. If I were going abroad I would send my paperwork to the embassy of the country I planned on visiting and ask for them to grant me a visa for the duration of my stay. Getting back into my country again would probably involve more delays. They have written the passport regulations for U.S. citizens. I don't hold that status.

[Bigjon]

Facts are on the moon. We live these days by NOTICE. And yes, it is the appearance of reality rather than reality itself. "You can't handle the truth."

What truth, it appears you make up yours, as you go along.

NO EVIDENCE, NO COURT CITES, NO LAW CITES, NOTHING EXCEPT BULLSHIT.

[po boy]

So Bigjon where's that social security contract, you found it right?

You don't seem like the kind of guy who signs things before he reads them or are you?

[Bigjon]

So Bigjon where's that social security contract, you found it right?

You don't seem like the kind of guy who signs things before he reads them or are you?

I didn't have a SS card and my prospective employer Univac said I had to have one before they could employ me. I went to the local Mpls SS agency asked for a SS number and quite frankly I don't remember what all I signed in March 1963.

I never read anything at that age and don't read a lot of what I sign now. Everytime you put a piece of software on your computer you get to sign a contract and are admonished to read it. I have tried to read them and have never found anything objectionable in their statements, BUT in those contracts they often cite other code without explaining that code.

Do you read all those contracts before you agree to the terms on all the software you put on your computer?

[po boy]

I have read a few of them it takes a while.

SS is found in title 42 of the US code BTW.

[Bigjon]

They might have a piece of paper at the dept of commerce. I have no intention of ever animating it (or accepting any connection to it ... same thing).
I doubt if they lied to you. They just didn't give you all the facts. They do that all the time. You really have to ask questions, like "What statute requires that my children must have birth certificates?" [Let him who would be deceived be deceived.]

I recall one of George Gordon's radio programs. His daughter came home with a raised bruise on her collar bone from some school activity. He didn't believe in hospitals so took her to a chiro. The chiro took an x-ray, found no broken bones and suggested the child be taken to hospital. George had a friend take her. When he got to the emergency room with the child he stated that he wasn't sure but there might be child abuse involved. Whenever there are these type of allegations the child gets sucked into the system right away. When George visited her the next day he said the head nurse had eyes that were shooting daggers at him (the father is always guilty of some form of child abuse). Anyway, they found what was wrong, fixed the kid and sent George an $8,000 bill. He told them he would gladly pay it but the kid had a birth certificate and that made her the property of the state and he had not requested she be admitted anyway. If they would give him title to the kid he would pay the bill. Turns out the state of Utah paid 1/4 of the bill to settle it.

His audios are worth listening to. www.georgegordon.org check radio archives.

Passports are an instrument of war. Peaceful men have no need of them. If I were going abroad I would send my paperwork to the embassy of the country I planned on visiting and ask for them to grant me a visa for the duration of my stay. Getting back into my country again would probably involve more delays. They have written the passport regulations for U.S. citizens. I don't hold that status.

Not everybody is enthralled with old George.
http://georgegordonlies.com/

[palani]

What truth, it appears you make up yours, as you go along.
There is truth in what you say. We all tend to make up our own truths.

NO EVIDENCE You hold all the evidence you need in your wallet.

NO COURT CITES Have you figured out that the lack of something is evidence in itself?

NO LAW CITESMy notice is my law.

NOTHING EXCEPT BULLSHIT.You seem to be describing your own argument rather than mine.

[palani]

Not everybody is enthralled with old George.
Old George can handle his own defense. I find many of his old programs enlightening.

One thing I do notice. Old George had enough sense to give up on the drivers license issue. Now I understand he has a driver. That seems to be the most responsible approach. If you get stopped a number of times without a license they make up a crime "driving while barred" and throw you in prison for life. Look it up. There is no crime on the books "driving while barred".

[Bigjon]

There is truth in what you say. We all tend to make up our own truths.
You hold all the evidence you need in your wallet.
Have you figured out that the lack of something is evidence in itself?
My notice is my law.
You seem to be describing your own argument rather than mine.

I am not asserting anything, it is you who is making all the claims and have nothing to back it up with.

That is the definition of BULLSHIT.

[palani]

my prospective employer Univac
You ever work on the UMAC 7?

[palani]

I am not asserting anything, it is you who is making all the claims and have nothing to back it up with.

That is the definition of BULLSHIT.
One of my claims was that "there is truth in what you say". You say this is BULLSHIT. Why would I disagree with you?

[palani]

One definition of "birth":

BIRTH, n. The first and direst of all disasters. As to the nature of it there appears to be no uniformity. Castor and Pollux were born from the egg. Pallas came out of a skull. Galatea was once a block of stone. Peresilis, who wrote in the tenth century, avers that he grew up out of the ground where a priest had spilled holy water. It is known that Arimaxus was derived from a hole in the earth, made by a stroke of lightning. Leucomedon was the son of a cavern in Mount Aetna, and I have myself seen a man come out of a wine cellar.

[FreeEnergy]

So who doesn't have a birth certificate?

Just because you don't know how doesn't mean there aren't people out there who don't have a US birth certificate.

* Tourists don't.
* Resident aliens don't.
* Illegals don't
* Legals that are other nationals (say, with money) that live here (purchased real estate, work etc., think all these Indian guys doing IT)
* Even President of this country, Kenyan / Indonesian citizen Barry Soetoro "Obama" doesn't.

I am legal yet I do not have a US birth certificate.

How many people is that? here's a report of Naturalized citizens:
http://www.dhs.gov/xlibrary/assets/statistics/publications/natz_fr_2010.pdf
1 million + in 2008, 743000 in 2009, 619000 in 2010.

Probably more in earlier years due to huge immigration of jews from eastern europe and Russia, so just count roughly 1 mil. per year.

[BrewTech]

True. A Naturalization Certificate records the "birth" of a new citizen.

It has been suggested that anything with an original signature on it is capable of being hypothecated as a debt. Such as personal checks, which no longer find their way back into your possession.

[As an aside I notice a commercial where a guy deposits a check into his bank account by taking a photo of it with his phone and electronically transferring it ... the commercial doesn't even show him photographing the reverse side of the check ... so endorsement seems unnecessary now. The original stays with him then and would not be available for fractionalizing .... leading to the speculation that they have so much paper they can fractionalize they can afford to discard (waste) some]

LOL... Gold isn't money, silly! A picture of a debt instrument with no endorsement is money! Write that down.

[BrewTech]

The math is solid. It is the principle of fractional reserve lending that creates the problem.


I might have had one until I reached majority. When it became my decision to produce it or not then the thing vanished and cannot be located.

So it's not a bad thing to not know where your BC is? Because, I honestly don't. Everyone that knew where it was has died since, so I can't ask them.

[palani]

So it's not a bad thing to not know where your BC is? Because, I honestly don't. Everyone that knew where it was has died since, so I can't ask them.

You might go back to the hospital you were delivered in and see if they kept a copy of the hospital birth certificate (the one with two tiny baby feet ... your organic contract). This "unofficial" one in my estimation is of more value than the hypothecated one.

[BrewTech]

You might go back to the hospital you were delivered in and see if they kept a copy of the hospital birth certificate (the one with two tiny baby feet ... your organic contract). This "unofficial" one in my estimation is of more value than the hypothecated one.

Road trip!!

:D

[letter_factory]

Just because you don't know how doesn't mean there aren't people out there who don't have a US birth certificate.

* Tourists don't.
* Resident aliens don't.
* Illegals don't
* Legals that are other nationals (say, with money) that live here (purchased real estate, work etc., think all these Indian guys doing IT)
* Even President of this country, Kenyan / Indonesian citizen Barry Soetoro "Obama" doesn't.

I am legal yet I do not have a US birth certificate.

How many people is that? here's a report of Naturalized citizens:
http://www.dhs.gov/xlibrary/assets/statistics/publications/natz_fr_2010.pdf
1 million + in 2008, 743000 in 2009, 619000 in 2010.

Probably more in earlier years due to huge immigration of jews from eastern europe and Russia, so just count roughly 1 mil. per year.


I never said there weren't people iwthout birth certificates. There are plenty of people in third world nations who don't have birth certificates. I'm asking who here doesn't have one. If you're a legal resident but were delivered elsewhere in a different coutnry, how did you prove to the state that you are who you say you are? If you're a naturalized citizen, you're in the same position as those who were birthed here and certificated. You still have a strawman created, which is bonded, and sold as chattel.

And as far as I know, this birth certificate-bond-chattel babylonian system exists everywhere, so just because you were birthed in, for example, mexico and became naturalized in the US doesn't mean you're somehow excluded from a birth certificate which is bought and sold.


Besides palani admits the whole system is based on fractional reserve, where 1 is created into many. How can you have many from one? The bible clearly speaks of such things.

[letter_factory]

They might have a piece of paper at the dept of commerce. I have no intention of ever animating it (or accepting any connection to it ... same thing).
I doubt if they lied to you. They just didn't give you all the facts. They do that all the time. You really have to ask questions, like "What statute requires that my children must have birth certificates?" [Let him who would be deceived be deceived.


half truth is half deception, and he who deceives is of the devil and a liar, which leads to fraud. fraud nullifies any contract.

[palani]

Besides palani admits the whole system is based on fractional reserve, where 1 is created into many. The fractional reserve system is based upon assets on the books. At the end of the day (every day) the books balance. Ask any CPA or bank president.



How can you have many from one? The bible clearly speaks of such things.
I suppose if you can have E PLURIBUS UNUM (out of many one) you can also have E UNUM PLURIBUS (out of one many).

[po boy]

half truth is half deception, and he who deceives is of the devil and a liar, which leads to fraud. fraud nullifies any contract.

"prove all things"

[palani]

half truth is half deception, and he who deceives is of the devil and a liar, which leads to fraud. fraud nullifies any contract.
Surely does. In older times the test was by lion, where you are permitted to be right, dead right.