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What is a bank loan? So what really happens during the process of a bank loan? Let’s take a mortgage for example: You want to purchase a house, but don’t have the $200,000 up front, so you would go to a bank and try and get financed for a mortgage, or a loan for the payment of the house which you will repay over time. Sounds logical, and it would be if money wasn't debt. The fact is, once they check to see if you have enough ‘income’ to repay their ‘loan’, then you SIGN a sheet that has the price of the mortgage on it, and your signature is a promise to repay. You’ve just created money out of paper, you promised to repay the loan, and so you made a promissory note. That paper just became worth $200,000 and that, along with other similar promissory notes are sold on the market. Thats right, the notes from your auto loans, mortgages, and your credit cards are floating around and being sold with your name on them, on the market by people you don’t know. For proof that your signature has value, that your car loan is being sold publically, and that The Security of a Person exists: Click here Your monthly payments - the “5% interest rate on your mortgage” or whatever it may be, is simply a fee they charge you for processing the paperwork to access your credit. So let’s recap: the bank doesn’t loan you anything, it creates money from YOUR CREDIT and gives it to you, then pretends to be your creditor. So the second you sign the paper for your mortgage, it is instant payment of the full value of the house to the bank (Payment #1). Then they charge you monthly installments until the house is paid off again (Payment #2), and then they charge you interest on it as well (Payment #3). So you see, they are getting paid by your hard-earned labor, three times the price of your home, for money that they didn’t even lend you! It’s nothing less than insanity... What happens when I get paid at work? When you get your cheque at work what do you do? You endorse the back of the cheque with your signature. Well guess what, you just gave it value from the Security of a Person. Your work doesn’t pay you anything, you pay yourself. Now some of you are saying “but I get direct deposit”. Well when you filled out the direct deposit form, did you not endorse the bottom of that to have the funds placed into your account from therein? You just gave them permission to access your bond through your Social Insurance Number to create new funds. Every time you get ‘paid’ the national debt increases by the amount that you were given. Remember, money is debt. This is why it is so important for us to learn to discharge our debts, otherwise this debt based currency is floating around somewhere in the economy, and more importantly inflation occurrs. When money is circulating and not being discharged, if a perpetually increasing money supply is not maintained, the economy will slow to a halt. Yet it is a catch 22 because when they do increase the money supply, the result is inflation which means the paper money becomes worth less and less over time. So there are only two options for these central bankers who have monopolized control over our currency: print off more money exponentially and keep the economy running, or don’t print off enough money and the economy will slow and crash like The Great Depression of the 1930's. Say you’ve got 1 Babe Ruth rookie card. Would somebody pay more or less for that card if they already owned 3 of the same card? The fact is, without fail, the currency will eventually decrease in value to the point where everything will be so expensive that you’ll be better off burning money than buying firewood to burn. This is called hyperinflation, and it occurs when needless, excessive spending/printing of money occurs. Spending like the 1 billion dollars a day that the U.S. spends on the war in the middle-eastern countries; Spending like the 700 billion dollar ‘bailout’ that was passed and put into circulation. Spending only buys time before the inevitable crash, and as time goes by with more spending, the depression will only be that much worse in the end. And so you will see a lot of it now, and in the future. <Next> |
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