-Caveat Lector- David Gould wrote: > > Bankers are scared, and do you know why? Do you understand fractional > reserve banking? The banking system that is/has been used to > destroy/contol America? Do you understand fraud? Well, if you do not > understand fraud, just read what follows, and you will start to get a > much better picture. > > But, while you are doing so, you had also better start paying > attention. I said that bankers are scared. What follows is not what > scares them (they are not aware enough to understand this is coming). > What scares the bankers is losing a portion of their deposits, which are > used to support their "credit." Do you understand? > > People are starting to pull cash out of the banks (smart people!). If > the banks lose as little as 2% of their deposit base, they will need to > start calling in outstanding loans at the rate of about TEN TO ONE; for > every dollar going out the door, they have to call in ten dollars in > loans. A mathmatical impossibility. This is why every nation which has > permitted fractional reserve banking has self destructed. Eventually, > the people always wise up enough to lose "faith" in the bankers credit. > > But, those countries did not have the Declaration of Independence, and > the people had no recourse. When the following info gets into enough > hands, do you suppose this may accelerate the bank's problems, just a > little? > > The American economy is a greatly expanded balloon. It is going to > collaspe, or it is going to go boom. What happens to you and your > family when the economy stops is strictly dependent on what you do to > prepare now. Think about how bad it is going to be in the cities. Then > read the following, and get involved. There are solutions being found. > You can help, and by helping, you can gain a tremendous amout. What > would it mean to your family to have no house payment when things get > tough? And no need to pay the so-called property tax? Would it be > easier to survive? > > Your decision. I have sent out enough info over the last several months > that you should be getting some clues as to how possible this is. God > Bless, David > > http://kskc.net/public/tmccrory/goingon.htm > > BANKING & CREDIT: There are some essentials relating to banking and > credit that must be understood in order to come to terms with how > to > successfully discharged bank-originated debt. The first matter is > the > nature of "credit" extended by Federally chartered and/or Federal > Reserve or FDIC-member financial institutions. The first is to > grasp > what "credit" is, as defined at 15 U.S.C. 1602(e): "Credit" is a > grant > of authority to defer payment of debt, or create debt then defer > payment. > > For purposes of the Consumer Protection Act, the "creditor" is > defined > as the financial institution which provides credit, and the > merchant who > provides goods and services. However, that definition is limited to > the > Consumer Protection Act itself -- it does not have general > application. > Where there is a "credit" transaction under auspices of a Federal > grant > of authority, the financial institution is in all cases operating > as > "fiscal agent" of the United States, and in most if not all cases, > as a > "mixed-ownership" (hybrid) United States corporation. The United > States > is always principal of interest -- the "debt" is ultimately an > obligation to the United States, and the United States has the only > > right of action to recover the debt. The financial institution > which > originates the "credit" merely services the debt, it is not the > principal of interest. > > The financial institution, whether a national bank, credit union, > or > whatever, is organized as an "association" to provide basic > financial > services for qualified association members. These entities deal > exclusively in "public money" -- public money is hypothecated > "credit of > the United States". Therefore, only people who are authorized by > law to > receive and use "public money" are qualified to be association > members. > Those authorized by law to receive and use "public money" are > officers > and employees of the United States, territories and insular > possessions > subject to sovereignty of the United States, and Indian tribes > recognized by United States Government. See limiting provisions at > 31 > CFR 202(a), and FDIC insurance solely of "public money" accounts at > 12 > U.S.C. � 1821(a)(2)(A). > > This is where the Social Security number comes in -- the Social > Security > number creates a presumption that whoever applies for credit is one > of > those entitled to custody and use of public money. However, that in > and > of itself isn�t sufficient to sustain most foreclosures, etc., as > the > financial institution has no right of action to foreclose consumer > or > other "credit" obligations. > > A national banking association may sue and be sued in courts of the > > several States, but only so far as basic organizational matters are > > concerned. Under organization charters, these institutions may > provide > only basic services such as checking accounts for qualified > association > members. They may own property necessary to conduct business and > the > like. To go beyond that, they must apply to become, and be licensed > as > Federal Tax & Loan Depositaries, and Treasury Depositaries (31 CFR > 202 & > 203). Only then can they apply to become Federal Home Loan Banks, > Farm > Credit Banks, etc. When they function in these capacities, they > operate > in Federal agency capacity, and the United States is at all times > principal of interest. > > They are subject to all Federal statutory and regulatory mandates > and > prohibitions, including mandates for Privacy Act and Paperwork > Reduction > Act disclosures. > > If and when there is a "credit" default, there must be > administrative > collection process in accordance with HUD and other applicable > regulations. The Secretary of HUD is responsible for appointing an > agent > in any given HUD district, and where defaults are concerned, he has > > responsibility for pursuing administrative remedies. Ultimately, > however, there must be a determination of liability by the Director > of > the General Accounting Office (31 U.S.C. 3526 & 3702; 5 U.S.C. > 5512) > when and if the obligation is contested before any "debt" can be > foreclosed. > > The Attorney General, in his capacity as Solicitor of the Treasury, > must > then initiate litigation for debt recovery. The Attorney General > may do > this directly, authorize the United States Attorney for the > district to > foreclose, or contract private attorneys. Process for Federal debt > collection must be initiated in a court of the United States, as > defined > at 28 U.S.C. � 610. Procedure is prescribed in Chapter 176 of Title > 28 > (28 U.S.C. 3001 et seq.). > > Where financial institutions have initiated foreclosures and the > like in > state courts, the case should be vacated and dismissed with > prejudice > for lack of subject matter jurisdiction. Subject matter > jurisdiction can > be raised at any time -- there is no statute of limitations. > > Tax-related garnishment, etc., is also covered in Chapter 176 of > Title > 28. > > ------------------------------------------------------------------------ > > eGroups.com home: http://www.egroups.com/group/thepentagonguru > http://www.egroups.com - Simplifying group communications DECLARATION & DISCLAIMER ========== CTRL is a discussion and informational exchange list. Proselyzting propagandic screeds are not allowed. Substance�not soapboxing! These are sordid matters and 'conspiracy theory', with its many half-truths, misdirections and outright frauds is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRL gives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credeence to Holocaust denial and nazi's need not apply. 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