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Expose Bank Fraud, Get Your Loans Forgiven, Says Expert
By T. Robinson Did you know that all banks and commercial lending institutions withhold a critical piece of information, from you the borrower, when you sign a loan agreement with them? This secret that they keep from you is of such grave consequence that when they are confronted about it, and they know that you know the truth, and there is no denying it, they are inclined to quietly forgive the loan, thereby releasing you from your obligation to them. And to make matters even better for you, the bank is also inclined to report to the credit reporting bureaus that the terms of the loan have been satisfied. You may be asking yourself why! What could be so serious after all to cause a bank to just walk away from a loan? Well, it involves a fraudulent practice that every banking institution commits every time they make a new loan. If the bank simply admitted this little secret when you borrowed the money then everything would be fine. Except, there is one problem, and this is the clincher. If the bank admitted this secret to you, there is a pretty good chance you would probably never repay the loan. So, you see, in order for a bank to substantiate its very existence it must operate in this deceitful way. The root of this issue originates not with your local banker but with the creation of the Federal Reserve System in 1913. With the creation of the Fed came a monetary system known as fractional reserve banking. In this kind of system, banks no longer loan out their own assets. Instead, they must draw "value" from the borrower. In other words, you fund the loan, not the bank. So, here we have a major quandary. If you go to your local neighborhood bank to take out a loan to buy that new car, how can the source of that loan come from you? I mean after all, you are the one that is borrowing the money, not lending it. Right? When you borrow money, what you are really doing is providing that lending institution with a signed promissory note, or a signed cardholder's agreement, if it is a credit card. This signed agreement is in reality a negotiable instrument under the terms of the Uniform Commercial Code. This negotiable instrument has a cash value that is equivalent to the approximate amount of the loan. This is the actual source that funds your loan, not the lender's assets. So, it is your signed agreement with the bank that magically springs that money into existence you are borrowing.
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Does that make sense? I mean I don't make this stuff up. I am just reporting it as it is. You walk into a bank and ask to borrow their money. As soon as you sign the promissory note, or similar instrument with the lender, it is converted into a cash asset that has value on the open market. They deposit that instrument but don't bother telling you. The bank leads you to believe that it is loaning you a portion of its own assets, when in reality it is simply exchanging the value of the promissory note you provided them for the amount of the loan. So, there really is no loan, just an equal exchange. The fact that they don't reveal this constitutes fraud on their part. This is why banks are forgiving loans of credit when they are confronted about this issue. There is no denying it because what they are doing is absolute fact. To prove this to you, I will illustrate how this identical mechanism also exists at the governmental level. When Congress needs money to fund government operations, say a $100 billion, they go over to the treasury and say, we need a $100 billion. The U.S. Treasury prints up $100 billion in government bonds (similar to the signed promissory note you give to the bank). They take those bonds over to the Fed, and say we need to borrow $100 billion. The chairman of the Fed takes the bonds and exchanges them for $100 billion and loans them to the U.S. Treasury at the current interest rate. Now, the government has another $100 billion to spend as it wishes and is in debt to the Fed for another $100 billion, plus interest. As you can see, there really isn't anything being loaned, but merely exchanged. If the U.S. Treasury gave the bonds to the Fed and the bonds have value, why does it now owe the Fed that much money, plus interest on top of that? Well, the answer is simple. The Federal Reserve System was created by an act of Congress. So, therefore this kind of money mechanics has been legalized. But in spite of its legality, does not excuse the individual banks from misrepresenting the facts about how the loan is actually funded. You are lead to believe that things are one way, when in fact they are another. Once you understand the deception, it is quite easy to begin to take your power back and not feel the least bit guilty about doing it. It is your right and even your duty. For many, debt has become an incredible burden. Credit card debt is the worst because of high interest rates and low payment obligations. This is a potent mix that undermines many family budgets. By making only the minimum payment each month, you'll never get ahead. Credit cards were designed to benefit the financial institutions that issue them, not the end user. If you are one of the many people who have been negatively impacted by credit schemes, then the prospect of being able to have your unsecured debts forgiven by the banks and financial institutions themselves may seem
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appealing. This can all happen without having to stoop to bankruptcy or debt consolidation programs. Bankruptcy damages your credit for 7 to 10 years. Debt consolidation does lower your monthly outlay by combining all of your payments into one. However, consolidation creates a false sense of relief. With income freed up every month, the majority of people who consolidate fall even deeper into debt within 2 years or less, only compounding their problems. On the other hand, debt forgiveness totally eliminates the problem at the source and does not damage your credit. In fact, in some cases it can actually help to improve your credit by purging your credit reports of derogatory remarks connected with the loans that are forgiven. So, now that I probably have your interest, I must issue a warning! This is not something you should try to do on your own. Banks have kept this scheme going for a long time and they are very good at what they do. Confronting a bank directly about these issues will get nothing accomplished. If you are interested in pursuing this further, I recommend that you seek out a professional who has experience in dealing with these matters. Banks will often use intimidation tactics once they realize what they are faced with. After all, they are not going to give up their position so easily. They are in the business to make money and they will use every trick in the book before they are going to forgive a loan. But, once an expert confronts them in the proper way, and the bank knows whom they are dealing with, they buckle every time. And, the beauty of all this is the last thing a bank or financial institution wants to do is bring this kind of thing into court. Because, in a court setting where all the facts are laid out, they have not a single leg to stand on. The reason why is no one is denying that they are part of a fractional reserve banking system. The bank can never deny the existence of the promissory note that you signed and its true value in the commercial world. The bottom line is quite simple. During the loan process, the bank did not disclose to you that it converted "your promise to pay", into an asset that it then deposited behind your back. And this is why they buckle every time. This little secret means instant death to their position, and release of the obligation that you have to them. With knowledge of these facts, I believe that you and many others now have the power to reverse a growing trend of debt dependence. Excessive debt is debilitating and undermines the very fabric of the creative spirit. With debt freedom, life can become less burdensome. Debt is a weight, and when it is gone it frees the spirit to open up to greater possibilities.
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America is Drowning in Debt
We read about it every day. More people than ever before in history are filing bankruptcy. Their attorney has advised them that, “You have to file bankruptcy, there’s no other option.”
So what are the others?
Consolidation? A bad option. In consolidation you will probably need a second mortgage which will spread your payments out over many years. While it lowers the monthly amount, do the math. It is a horribly expensive way to go. And, god forbid, what if you find yourself in the same position you are in today five years down the road? You cannot meet your new credit card payments, house payment, car payment, and second mortgage payment. What happen to your home? It is at risk. You could lose it because you wanted to lower your credit card payments. A bad option. Settlement? Another bad option. Thinking that you can cut your debt in half with a settlement company can surely seem appealing.But can it really be done? They’ll tell you so. So let’s look at the math. First , add in their fee. What is it? 10%? 15%? OK, so that’s part of what you will be paying.
Now that 50% becomes at least 60%, right? Are their monthly service charges as well? Add those in. Now here comes the kicker – the company which gave you the 50% reduction is going to send you an IRS Form 1099. You are responsible for paying taxes on the amount of debt relief. They didn’t tell you about that, did they? So, assuming a 20% tax bracket, then 20% times 50% is 10%. Add that to the amount you will have to pay… we’re now up to 70%, right. (And they said there wouldn’t be any math…) What if the original debt was $40,000? That means you will have to pay 70% of $40,000, which is $28,000. But wait!!! What if you miss a payment? What happens then? Here’s the sad truth: you will lose everything you put into the program and be right back at square one. That’s another item they may overlook telling you.
That simply is not true. The options abound. The truth is that bankruptcy is a product that attorneys sell. That’s a fact. The reality is that bankruptcy may be your very worst option.
DON'T MAKE THE BANKRUPTCY MISTAKE
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CAN YOU STOP PAYING ON YOUR DEBTS AND NOT LOSE EVERYTHING? IS THERE A LEGAL WAY TO NOT PAY AND NOT WORRY ABOUT IT?
YES, THERE IS!!!
For too many years we have been pushed around and bullied by the big banks and credit card companies. They can charge us as much as 34% interest on our purchases and only pay us 3% or 4% on our savings. They recently doubled many minimum payments and caught us in the crunch. Now we have an answer – and it’s not an internet scam like so many so-called “debt elimination” schemes. We don’t go after the banks; we don’t try to convince a local judge that the entire banking system is a fraud. That’s a waste of time, effort, and money. It might be true but it’s a futile effort. Instead, we use the existing laws of the land to provide absolute legal protection against anyone taking our paychecks, touching our bank accounts, or attaching our properties – LEGALLY.
GET STARTED TODAY
You want and need lifelong protection against them. You need something that will put the power in your pocket and take the bankers’ hands out of them. How about using a method designed and supported by an attorney with over 25 years experience in debt solutions, trusts, foundations, and tax law?
Benefits of the AssetProtectorGroup.com’s Premier Program®
Once you’ve entered our Protection, you’ll have better protection than you would have under bankruptcy, plus no court appointed trustee or other individual will be in control of your funds – only you. Your income, wages or salary, are never at risk from garnishment or levy. The court protects your income totally. Bank accounts are protected from banks, lenders, third party debt collectors, credit card accounts, doctor and hospital bills, new or future lawsuits and judgment creditors. They can all sue and win – and can never collect a dime. The benefits last your entire lifetime unless you voluntarily decide otherwise. There are no tax consequences; and as usual, we suggest you consult with a tax professional to confirm this. These benefits are achieved without ever having to appear in court. No other attorney is required. You are in control of your money. You make the decisions who to pay, when to pay, how much to pay, or whether it is best for you NOT to pay. THESE ARE ACTUAL BENEFITS FOR YOU WHICH CAN BE PUT INTO PLACE WITHIN
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THE NEXT TWO WEEKS STOP MAKING PAYMENTS TODAY AND NOT WORRY ABOUT IT. If you are current with your payments and see the handwriting on the wall that you won’t be before long, if you are getting collection calls, if you have a local attorney hounding you, even if you’ve already received a summons to appear in a local court, we can still help you. Our legal team is in place and standing by to assist you. Our system is streamlined to allow you to have protection from your creditors – and from all civil lawsuits – in place within a matter of days, not weeks, months or years as in some so-called debt elimination programs. Don’t be fooled by programs offering protection through back dated documents, by hiding assets off-shore, or by the myriad of other devices which won’t stand up in court. Out APG Premier Program is totally auditable and based on solidly founded paper trails of facts, not some fictitious scheme. Within days your protection will prevent anyone from being able to collect a dime from you – while putting the power in your hands to dictate your own terms and conditions. Many of us worry about our credit rating. This program will teach you how to restore it, not through some wild method of dispute which has consistently proven to be a temporary fix, but a proven method of power negotiation. Within a year – if you choose to do so – your credit can be restored and all negative remarks corrected by the creditors. You’ll learn how to use the power given to you by this program. It’s incredible.
YOU WILL HAVE POWER OVER THE BANKERS FOR THE FIRST TIME IN YOUR LIFETIME
For Immediate Assistance Please Call Us At: 1-877-265-4594 and mention you were referred by ISA
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