What is a Bank Loan ?

[Hatha Sunahara]

http://www.larryhannigan.com/bankloan.htm

The Credit is created by your signature--not the Bank.


What is a Bank Loan ?

“The issue which has swept down the centuries and which will have to be fought sooner or
later is the people versus the banks.” Lord Acton




MORTGAGE SUMMARY


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 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, which is Deception, Theft and 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 Contract


Bank makes Fraudulent Charges to Borrower for Loan payments which the Bank has no lawful right to since it is not the Holder in Due Course of the Loan Contract


Bank advanced none of own money to Borrower but only monetized Borrower’s signature


Bank Interest is Usurious based on there being No Money Provided to the Borrower by the Bank so that any interest charged at all would be Usurious


Thus BANK “LOAN” TRANSACTIONS ARE UNCONSCIONABLE!


Bank Has No True Need for a Mortgage over the Borrower’s Property, since the Bank has No Consideration, No Risk and No Need for Security


Bank Exploits Borrower by demanding a Redundant and Unjust Mortgage


Bank Deceives Borrower that the Mortgage is needed as Security


Mortgage Contract is a second Financial Instrument Created by the Borrower


Deposit of the Mortgage Contract is not credited to the Borrower


Bank Sells the Borrower’s Mortgage Contract for profit without disclosure or share of proceeds to Borrower


Sale of the Mortgage Contract confirms it has intrinsic value as an Asset yet that value is not credited to the Borrower as Creator and Depositor of the Mortgage Contract


Bank Deceives Borrower that Bank is the Holder in Due Course of the Mortgage


Bank Extorts Unjust Payments from the Borrower under Duress with threat of Foreclosure


Bank Steals Borrower’s Wealth by intimidating Borrower to make Unjust Loan Payments


Bank Harasses Borrower if Borrower fails to make payments, threatening Legal Recourse


Bank Enlists Lawyers willing to Deceive Borrower and Court and Exploit Borrower


Bank Deceives Court that Bank is Holder in Due Course of Loan Contract and Mortgage


Bank’s Lawyers Deceive and Exploit Court to Defraud Borrower


Bank Steals Borrower’s Mortgaged Property with Legal Impunity


Bank Holds Borrower Liable for any outstanding balance of original Loan plus costs


Bank Profits from Loan Contract and Mortgage by Sale of the Loan Contract, Sale of the Mortgage, Principal and Interest Charges, Fees Charged, Increase of its Lending Capacity due to Borrower’s Mortgaged Asset and by Acquisition of Borrower’s Mortgaged Property in Foreclosure. Bank retains the amount of increase to the Money Supply Created by the Borrower’s Signature once the Loan Account has been closed.


Borrower is Damaged by the Bank’s Loan Contract and Mortgage by Theft of his Financial Instrument Asset, Theft of his Mortgage Asset, Being Deceived into the unjust Status of a Debt Slave, Paying Lifetime Wealth to the Bank, Paying Unjust Fees and Charges, Living in Fear of Foreclosure, and ultimately having his Family Home Stolen by the Bank.


Thus the BANK MORTGAGE BUSINESS IS UNCONSCIONABLE

Hatha

[Nomoss]

And this is why the EFT works..
Like it or not. It works.
And look in to HJR192.

[Bigjon]

I think this is nonsense.

The only thing you can create by your signature is a debt. That obligation is only as good as the honor of the person who created it.

[midnight rambler]

The only thing you can create by your signature is a debt.

That's right, the whole system is currently based on debt, therefore your signature 'creates' (what passes for) 'money'.

[vacuum]

I think this is nonsense.

The only thing you can create by your signature is a debt. That obligation is only as good as the honor of the person who created it.

Maybe what you're really doing is paying to use the bank's creditworthiness. Instead of your signature being a debt to the seller, it is instead a debt to the bank and the bank then has a debt to the seller. Since the bank has so much credit, they can simply take other people's deposits which they've been entrusted with and pay the person selling the house.

[Glass]

Maybe what you're really doing is paying to use the bank's creditworthiness. Instead of your signature being a debt to the seller, it is instead a debt to the bank and the bank then has a debt to the seller. Since the bank has so much credit, they can simply take other people's deposits which they've been entrusted with and pay the person selling the house.

That's close. You are using the bank to certify YOUR credit worthiness. We can confirm this by virtue of the Mortgage crisis. The banks certified everyone's credit worthiness. They did a good job yes?

Banks are legislated to monetise commercial instruments, remembering that an FRN is also an commercial instrument. It is not money per se, just a debt/credit note. FRN's are also proprietary so only 1 organisation can certify them.

There is no technical difference between credits and debits. Just semantic comprehension... .which is 100% lacking in 99.9% of the population.

The minimum answer to this is to make compound interest unlawful. Simple interest might be ok. I don't see any lawful impediments to simple interest. It fits with biblical guidance IMO.

[Twisted Titan]

The long answer:

It is a fictious debt that is created out of thin air and you pledge to work 30 plus years to "pay off" something that did not exist prior to your signature.

The banks gain is infinity because the only work that was done on their part was several digital book entries and if you fail to repay your obligation"" they get to lawfully acquire the hard asset as collateral and still pursue you for the outstanding portion.




The short answer: A deal that you cannot possibly win.

[palani]

The short answer: A deal that you cannot possibly win.



You might not win but you come closer when you demand a receipt for any document you autograph. Your autograph is your property. It is valuable and the idea is you want the original back.

These customs fall out of the concept of common law simply because neither gold nor silver back these transactions. Common law requires a minimum of "one dollar and other valuable considerations". A FRN certainly qualifies for "other valuable considerations" but what you are lacking is one dollar. A simple way to fulfill the common law requirement for substance is to affix a red fox stamp [U.K. members will need a lawful pound sterling stamp]. While it is marked one dollar the stamp will set you back anything from $4 to $10 (in single quantities). At this it is worth the effort to be able to remove the contract from equity/admiralty.

http://i.colnect.net/images/f/200/590/Red-Fox.jpg

[Ares]

You might not win but you come closer when you demand a receipt for any document you autograph. Your autograph is your property. It is valuable and the idea is you want the original back.

These customs fall out of the concept of common law simply because neither gold nor silver back these transactions. Common law requires a minimum of "one dollar and other valuable considerations". A FRN certainly qualifies for "other valuable considerations" but what you are lacking is one dollar. A simple way to fulfill the common law requirement for substance is to affix a red fox stamp [U.K. members will need a lawful pound sterling stamp]. While it is marked one dollar the stamp will set you back anything from $4 to $10 (in single quantities). At this it is worth the effort to be able to remove the contract from equity/admiralty.

http://i.colnect.net/images/f/200/590/Red-Fox.jpg

They aren't cheap, that's for sure. 187 FRN's for a book of 20 here: http://www.drabel.com/product_info.php?products_id=8578

[palani]

They aren't cheap, that's for sure. 187 FRN's for a book of 20 here: http://www.drabel.com/product_info.php?products_id=8578
They seem to be holding at around $60 for 20 on ebay.

I know someone who bought a hundred or so from the post office when they could be purchased for $1.

For another $15 you can get a post office lens that will bring up several 3d images on the stamp. This could be useful when asked to authenticate the document.