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The Real Truth About USA Government Deception/New World Order Whispers Founded

American Government Deception/New World Order

Banking History
THE FEDERAL RESERVE SYSTEM IS PRIVATELY OWNED

Our banking history is filled with deception, fraud, larceny and treason. To understand the problem of how modern, deceptive banking policy adversely affects every American citizen and is, indeed, antithetical to our great Republic, we must begin with an examination of the historical evolution of the privately owned central banking system. A cursory exploration of this system reveals that from its very inception it, by design, undermines political will and insures a lifetime of feudal-like, debt-based enslavement.

The History of Deception

Beneath the yoke of an unending cycle of indebtedness which renders anyone who participates in the economy, at the consumer level, forever beholden to banks, the great majority of Americans spend a life-time of labor, often working at more than one job, not to produce a better life for ourselves and our loved-ones, but in a never-ending struggle to pay-off debt, or simply to pay interest (and very little principle) on so-called loans. This "debt" was literally created from thin air. The lenders risk nothing, because they have, in reality, lent nothing.

Fairness in an economy is defined as receiving an equal measure of compensation for an equal measure of production. Our present economic system, completely controlled by the policies of enormous private international banking interests, by its very nature, must preclude this simple precept. This scheme exists in our economy today under the direction of a corporation known as the Federal Reserve System.

The name Federal Reserve System is, by design, a completely false and deceptive designation given to a private corporation, the purpose of which is to allow the private creation, control and ownership of our nation's currency and assets. This insures unlimited profit for private banking interests through the irreversible perpetuation and exponential expansion of debt, both public and private.
The Goldsmith Era of Banking
An example of how present lending policies came into practice can be traced to goldsmiths of Medieval Europe. Rather than carrying around large quantities of cumbersome gold and silver to pay for goods and services, people found it more convenient to store or "deposit" their hard currency with goldsmiths who would then issue receipts which could be exchanged "upon demand" for the gold or silver on deposit.

As people began to find it more convenient to simply exchange the receipts directly, among themselves, as payment, they became a widely accepted form of "currency". As this system facilitated trade within the economy, the goldsmiths found that people would hold and exchange the receipts and rarely bring them in for the actual asset - the gold or silver on deposit.
With this realization, the goldsmiths began to produce more receipts (currency) for the assets than they actually had on deposit. By this system of counterfeiting, they found that they could actually control the supply of currency in circulation. By reducing the available supply of money in circulation they would force the borrowers into insolvency and foreclose on property. This system was implemented in cycles which would impoverish the debtors and enrich the goldsmiths.
Throughout the following centuries, attempts to reform these types of practices have provided temporary relief. Through manipulation and centralization of wealth however, this practice is perpetuated in much the same form in our present money system.
The First Central Bank Of The U.S.
In 1791, a bill sponsored by Treasury Secretary Alexander Hamilton was passed by Congress. This bill established the largest American corporation of its time, known as the First Bank of the United States. This corporation, controlled almost exclusively by big money interests, was tenured by a charter of 20 years which expired in 1811. Under popular pressure of American citizens who feared the power and influence of such a large and powerful institution, Congress rejected the renewal of this charter.



The Second Central Bank of the U.S.
In 1816, Congress (under the influence of big money supporters) once again chartered a central bank, the Second Bank of the United States. In 1828 however, an ardent and avowed opponent of the central banking concept, Andrew Jackson, was elected President and led a popular campaign against this form of institutionalized economic power which resonated with the American public. The charter expired in 1836 and was not renewed.
Free Banking Era
During the period spanning the years 1836 to 1865, State chartered banks and privately developed "free banks" became prevalent on the American economic landscape. These banks issued their own currency, in which only a fraction was redeemable in gold or specie, and offered demand deposits (checking accounts) to facilitate trade and commerce. A rapidly expanding system of check transactions engendered the New York Clearing House Association in 1853 as a vehicle for banks to exchange checks and settle accounts.
There was a prevailing notion (created and propagandized by the banking elite) that some system was necessary to stabilize U.S. currency. The National Banking Act of 1863 provided some remedial effect on economic stabilization, but bank failures and financial panic (a product of deliberate manipulation of the money supply) produced widespread anxiety about the future of the American economy.
The National Banking Act of 1863
This act of Congress, passed during the Civil War, established a system of nationally chartered banks and required the currency issued by them to be backed by government securities. The act was subsequently amended to also require the taxation of state currencies, but not of national bank notes. This produced the intended effect of creating a uniform national currency. State banks and their respective currency, non-the-less, continued to expand - primarily in response to the growing popularity of expedient demand deposits (checking accounts).
The Artificial Financial Panics
Though currency had become more stable as a result of the National Banking Act of 1863, financial panics (orchestrated by the banking elite) and the resulting bank-runs continued to threaten the U.S. economy. Banking panics in 1893, and again in 1907 produced severe economic depressions in the United States. This gave impetus to a growing number of Americans calling for banking reforms.
Each time, legendary banking mogul J.P. Morgan intervened and not only provided the illusion of economic stability, but consolidated power for himself and the powerful banking interests, which paved the way for the establishment of a private central bank.
Knowing that the American public now looked to banking legislation to control fluctuation of economic resources, but was also distrustful of a banker-controlled society, the large banking interests were now poised to carry out one of the most audacious deceptions ever perpetuated against the American public - the so called Federal Reserve System.
The Decentralized Central Bank
In response to the panic of 1907, the Glass-Owen Act of 1908 was passed to provide for the issue of emergency currency during widespread financial crisis. The National Monetary Commission was also established under this act to develop a more durable solution to the nation's problematic financial and banking practices.
The commission, under the direction of Senator Nelson Aldrich proposed a banker-controlled plan. Progressives however, led by William Jennings Bryan, strongly opposed such a plan. They preferred a central bank under public (governmental), not private (banker) control. With the election of Democrat Woodrow Wilson in 1912, the plan was effectively stalled.
The Birth of the Federal Reserve System
With the intention of developing a workable central banking solution, President Wilson turned to Chairman of the House Committee on Banking and Finance, Representative Carter Glass, and a former Washington and Lee University professor of Economics, H. Parker Willis. By December of 1912, they had presented Wilson with a draft proposal.
For a year this plan was debated, contested and modified. The outcome was touted as a classic example of compromise which established a decentralized central bank that balanced the competing interests of private banks and populist sentiment. The true effect was to place control of the U.S. economy squarely in the hands of the big-money private bankers who could now create endless amounts of monetary credits, backed by nothing, to be lent at will to the United States Government.
On Sunday, December 23, 1913, two days before Christmas, while most of Congress was on vacation, President Woodrow Wilson signed the Federal Reserve Act into law. Wilson would later express profound regret over his tragic decision, stating:
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world - no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."
Less than one year later Congress declared the 16th Amendment as having been ratified, although it wasn't, creating the Internal Revenue Service which became the de-facto collection agency for the Federal Reserve System. Its only duty was to tax the income of citizens to make the interest payments for the U.S. Government loans that would soon follow.
By November 16, 1914 the Reserve Bank Organization Committee had selected twelve cities throughout the U.S. as sites for regional Reserve Banks, the existence of which served to conceal the fact that there was now a United States Central Bank. The Federal Reserve System then began operations just as European hostilities erupted into World War I.
The War-Time Fed Policy
With the outbreak of war, "emergency currency", issued under the Aldrich-Vreeland Act of 1908 allowed the U.S. Federal Reserve Banks to lend newly created money at will. Concurrently, the Reserve Bank's ability to discount bankers' acceptances allowed the United States (though officially neutral) to aid the flow of trade goods to the European war effort.
After three years of fighting, Germany had nearly destroyed England. The Federal Reserve and the banks that privately owned it had lent billions to the English and would stand to lose all of it if she were crushed. The only solution appeared to be pulling the U.S. into the war. The U.S. however, would not fight unless first attacked.
In 1915, J.P. Morgan and his banking associates established their plan to have the British liner, "Lusitania" with 128 American passengers onboard, laden with munitions, cruise right through the middle of the wartime shipping lanes in order to be sunk by a German submarine, thus bringing the U.S. directly into the conflagration.
It worked, and with the United States' official declaration of war on Germany in 1917, financing our own war efforts would produce astronomical profits for these private institutions. Thanks to the new income tax and IRS, taxpayer money would now flow like never before into the hands of private bankers as the government taxed the citizens and paid the interest on the finance of the war.
The Roaring 20’s
The defeat of Woodrow Wilson by Warren Harding ushered in an unprecedented period of prosperity known as "the Roaring 20's. The primary engine for this economic expansion was the Federal Reserve's flooding of the economy with newly created, debt money, borrowed by the government during WWI.
Subsequently, Fractional Reserve Banking allowed the Fed to increase the money supply by more than 61% within three years. Money was plentiful, and a steady increase in bank loans, coupled with the worry-free attitude of the American public propelled a continued rise in the economy. Stock-market speculation was rampant and businesses expanded and became strung-out on easy credit.
Concurrently the Fed, under the direction of Benjamin Strong, head of the New York Fed, shifted toward a monetary policy of open market operations. Under the guise of stemming a potential recession in 1923, the Fed made a large purchase of government bonds.
This purchase strengthened the "public perception" that expanding credit and introducing more currency into the system would have a more stabilizing effect on the economy than would dependence on a gold standard. (In actuality, when the Fed buys government bonds from the public the economy will shrink by 10 to 33 times the purchased amount, depending upon what the fractional reserve rate currently is.)
At the same time, Strong further consolidated the power of the Fed by promoting a policy of relations with the Bank of England and other international central banks. The Fed and its conglomeration of huge, international member banks had now set the stage for the most massive rip-off of the nation's economy to date.
The Great Depression
In August of 1929, the Fed began to tighten the money supply continually by buying more government bonds. At the same time, all the Wall-Street giants of the era, including John D. Rockefeller and J.P. Morgan divested from the stock-market and put all their assets into cash and gold.
Soon thereafter, on October 24, 1929, the large brokerages all simultaneously called-in their 24 hour "call-loans." Brokers and investors were now forced to sell their stocks at any price they could get to cover these loans. The resulting market crash on "Black-Thursday" was the beginning of the Great Depression.
The Chairman of the House Banking and Currency Committee, Representative Louis T. Mc Fadden, accused the Fed and international bankers of premeditating the crash. "It was not accidental," he declared, "it was a carefully contrived occurrence (created by international bankers) to bring about a condition of despair...so that they might emerge as rulers of us all."
He went on to accuse European "statesmen and financiers" of creating the situation to facilitate the reacquisition of the massive amounts of gold which Europe had lost to the U.S. during WWI. In a 1999 interview, Nobel Prize winning economist and Stanford University Professor Milton Friedman stated: "The Federal Reserve definitely caused the Great Depression."
The Bankruptcy of the U.S.
Because the government of the U.S. (a corporation) had paid its loans to the Fed with real money exchangeable for gold, it was now insolvent and could no longer retire its debt. It now had no choice but to file chapter 11. Under the Emergency Banking Act (March 9, 1933, 48 Stat.1, Public law 89-719) President Franklin Roosevelt effectively dissolved the United States Federal Government by declaring the entity bankrupt and insolvent.
June 5, 1933 Congress enacted HJR 192 which made all debts, public or private, no longer collectable in gold. Instead, all debts public or private were to be payable in un-backed Fed-created fiat currency. This new currency would now be legal tender in the U.S. for all debts public and private.
Henceforth, our United States Constitution would be continuously eroded due to the fact that our nation is now owned "lock stock and barrel," by a private consortium of international bankers, contemptuous of any freedoms or sovereignties intended by our forefathers. This was all accomplished by design.
The Confiscation of America’s Gold
Under orders of the creditor (the Federal Reserve System and its private owners) on April 5, 1933 President Franklin D. Roosevelt issued Presidential order 6102, which required all Americans to deliver all gold coins, gold bullion, and gold certificates to their local Federal Reserve Bank on or before April 28, 1933.
Any violators would be fined up to $10,000, imprisoned up to ten years, or both for knowingly violating this order. This gold was then offered by the Fed owners to any foreign, non-U.S. citizen, at $35.00 per ounce. Over the entire previous 100 years, gold had remained at a stable value, increasing only from $18.93 per ounce to $20.69 per ounce.
Since then, every U.S. citizen (by virtue of their birth certificate) has become an asset of the government, pledged at a specific dollar amount to pay this debt through future taxation. Thus, every American citizen is in debt from birth (via future taxation), and is, for all practical purposes, property of the creditors, the privately owned Federal Reserve.
The Self-Perpetuating Cycle
Presently, the United States government (which again, is completely owned and controlled by the international bankers) continues to forfeit its sovereignty by entering into international monetary and trade agreements which abolish almost all forms of trade tariffs that previously protected not only the value of American commercial productivity and workforce labor, but which were also a substantial source of revenue for the government.
The loss of this revenue, as well as the expanding deficits created by recent massive reduction in taxation for large corporations and the very wealthiest citizens, insures continued borrowing by the government. This self-perpetuating cycle of borrowing is made possible only by the ability of the government to guarantee repayment (of only the interest, never the principal) through future taxation on the earnings of every American citizen.

The Modern Day Slavery
Due to our banking history of deception, fraud and counterfeiting, which only benefits the purported elite bankers and their underlings, the borrowed principal itself is being used to make the payments on our debt at interest, thus, it is mathematically impossible to pay off.
We are, therefore, obligated to continue this cycle of borrowing indefinitely, causing complete money slavery for life. The amount owed will expand endlessly, until our monthly payments exceed our income, we are bankrupt, and all we have acquired in this lifetime is pillaged from us. Or, until the privately owned Federal Reserve System is ended and all debts are terminated.

BANKS CREATE MONEY OUT OF NOTHING
Knowing how money is created will help you understand how we can get you out of credit card debt, unsecured loans and lines of credit. Over the past 27 years the Managing Director of FDRS has done nothing but research money - how it works, who has it, how they got it and where it comes from. What changed my life was learning about how money is created. It is by far the most important financial aspect you will learn in this lifetime.
The current gross national debt is ridiculous, as you can see in the sum of personal and federal government debt, shown to the right. The counter doesn't include the Social Security and numerous other governmental debts totaling over $75 Trillion. So, everybody wants out of debt, but there is only $3.8 Trillion ($753 Billion in 02/06) in currency in the whole U.S. economy, so something doesn't add up, right? Let’s get to the bottom of it.
The Federal Reserve
Currently the Federal Government spends more than they can tax us each year, entirely because they’re paying all of this revenue towards interest on previous years’ loans. So, what they do is have the Treasury print U.S. Bonds to exchange for loans from the privately owned Federal Reserve System.
The private Federal Reserve owners don’t have a trillion dollars to lend the Government, nor do they need it. All they do is create it, via a bookkeeping entry, and write a check to the U.S. Government as the loan in exchange for the U.S. Bonds. The U.S. Government banks at the Federal Reserve Bank so cashing this check is very easy.
The Government now spends this newly created money into the economy by paying the Court, Postal and Military employees, etc. These consumers then deposit their paychecks in a commercial bank, Bank of America for example. The commercial banks deposit their customers’ check (newly deposited money) at their local Federal Reserve Bank and the Reserve Bank allows the commercial bank to issue up to 33 times more new electronic money, some of which is used to cover the customers’ initial deposit. This is called "Fractional Reserve Banking."
The Commercial Banks
When you sign a loan or credit card application and send it in, (say you are approved for $10,000.00) the commercial bank stamps the back of the application, as if it were a check, with the words: ’Pay $10,000.00 to the order of...;’ which changes your application into a promissory note.
They then deposit the promissory note at the local Federal Reserve Bank as new money. This new money is now a 3% fraction of what the commercial bank may now create and do whatever they want with.
So $330,000.00, minus the original $10,000.00, is now added to the commercial bank’s coffers. They then open a demand deposit transaction account in your name, (the same as a checking account), deposit $10,000.00 of their newly acquired funds into this account and then issue you a debit or (in this case) a credit card or paper check. Remember - it’s all just bookkeeping entries, because our money is backed by nothing.
Your asset, the original promissory note, not only funds your own supposed loan, but allows them to pocket up to 33 times the amount for doing nothing but fancy, yet fraudulent, bookkeeping entries. So, you funded your own loan, and they get to permanently keep your asset, the promissory note, along with the additional $320,000.00.
Don’t forget that when you spend your new deposit/loan, it ends up in someone else’s account and their bank gets to multiply it by up to 33, yet again. This is how fractional reserve banking works. This is the cause of inflation.

The Feds Own Commissions
The first thing to shed light on when you borrow from a bank is that no one with a bank account is sent a letter telling them that the money in their account is temporarily unavailable, because it has been lent to you. None of the original accounts in the bank have been touched or affected. Nobody else's spending power has been reduced.
Next we have Title 12 of the United States Code, §1831n which requires all banks across the country to abide by Generally Accepted Accounting Principles. According to GAAP, 2003 edition, page 41 under the section Cash and Cash Equivalents it states that “ANYTHING ACCEPTED BY A BANK FOR DEPOSIT WOULD BE CONSIDERED AS CASH”. This includes promissory notes, same as Federal Reserve Notes.
The Federal Reserve has also been very clear in their circulars that banks do not really lend money. Three examples will suffice to prove the point, although many more are offered on the Resources page.
Probably the most oft-quoted reference regarding money creation is the Federal Reserve publication, Modern Money Mechanics. On page 6 it says in rather clear language, “Of course, they (banks) do not really pay out loans from the money they receive as deposits. If they did this no additional money would be created.”
The Federal Reserve tells us in no uncertain terms in the next sentence: “What they do when they make loans is to accept promissory notes in exchange for credits to the borrower’s transaction accounts.” They add fuel to the fire in their publication Two Faces of Debt. In this publication, on page 19, they tell us that a “depositor’s balance...; rises when the depository institution extends credit - either by granting a loan to or by buying securities from the depositor.
“In exchange for the note or security, the lending or investing institution credits the depositor’s account or gives a check that can be deposited at yet another depository institution. In this case, no one else loses a deposit...; the money supply is increased. New money has been brought into existence.”
The Federal Reserve publication "How Banks Create Money" asserts: "Banks actually create money when they lend it. Here's how it works: Most of a bank's loans are made to its own customers and are deposited in their checking accounts. Because the loan becomes a new deposit, just like a paycheck does, the bank once again holds a small percentage of that new amount in reserve and again lends the remainder to someone else, repeating the money-creation process many times."
Debt Termination Education
Money should be backed by real gold or silver, not created out of and backed by nothing. In this way it cannot be easily counterfeited. Our Forefathers fought to protect us from this exact same evil, and outlined it in the U.S. Constitution - Article 1, Section 10, Clause 1: No state shall enter any Treaty, Alliance or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts...
If you feel that no one should be able to counterfeit money and lend it to us, and if you also feel that whoever funded the loan (you) should be repaid the money, and realize that it is unconstitutional for private banks to control the money creation in these United States, then we have the solution for you.

BANKING SECRETS THAT BANKS DON'T WANT PUBLISHED
With debt termination/debt reconciliation, you're out of credit card debt and unsecured loans quickly and easily, once and for all! Here, you will learn the the violations that occur in the issuance of credit cards and loans, plus a touch of the legalalities employed in terminating your debts. After qualifying and receiving a telelephone presentation, you'll concur that this is the safest, fastest, most legal, lawful, honest and ethical way of getting out of debt there ever was.
Our Proprietary Remedy
Through extensive research and development by economists, bankers, bank auditors, CPA's, attorneys, underwriters, authors, and database programmers, we have developed a state-of-the-art legal administrative remedy, designed to anticipate and overcome nearly every variation of creditor response.
The successful termination of your debt also includes all-inclusive Credit Clean-Up of the accounts enrolled. Utilizing these abundant resources, we can work toward the termination of your debt within 18 months, with a much lower monthly payment, ending with nothing on your credit report.
With the immeasurable assistance and response from consumers nationwide, combined with our passion to do whatever it takes to neutralize this iniquity, our highly effective, proprietary system, and network of highly capable attorneys, will never cease to improve. The laws described below are the foundation of this process.
Your debt termination relies on applying Federal Laws, U.S. Supreme Court decisions, the Fair Debt Collection Practices Act, the Fair Credit Billing Act, the Uniform Commercial Code, the Truth in Lending Act, and numerous other banking and lending laws - to overcome the following banking practices...
False Advertising
Banks bombard consumers with over 6 billion mail solicitations each year. Notwithstanding newspaper, radio, television, magazine, sporting event advertising and numerous other forms of marketing, the average working class, credit worthy, American is exposed to over 75 loan solicitations per year.
These banking ads represent, in one way or another, that the bank will lend you money in exchange for repayment, plus interest. This absurd idea is completely contrary to what, in reality, transpires and what is actually intended. In actual fact, banks do not lend you any of their own, or their depositors money.
False advertising is an act of deliberately misleading a potential client about a product, service or a company by misrepresenting information or data in advertising or other promotional materials. False advertising is a type of fraud and is often, a crime.
To substantiate this premise, we will begin by examining the funding process of credit cards and loans. When you sign and remit a loan or credit card application, (say you are approved for $10,000.00) the commercial bank stamps the back of the application, as if it were a check, with the words: "Pay $10,000.00 to the order of..." which alters your application, transforming it into a promissory note.
Fraud, Forgery, & Intent to Deceive
Altering a signed document, after the fact with the intention of changing the document's value, constitutes forgery and fraud. Forgery is the process of making or adapting objects or documents with the intent to deceive. Fraud is any crime or civil wrong perpetuated for personal gain that utilizes the practice of deception as its principal method.
In criminal law, fraud is the crime or offense of deliberately deceiving another, to damage them - usually, to obtain property or services without compensation. This practice may also be referred to as "theft by deception," "larceny by trick," "larceny by fraud and deception" or something similar.
Deliberate Theft by Deception
Having altered the original document, the (now) promissory note is deposited at the local Federal Reserve Bank as new money. "Generally Accepted Accounting Principals" (the publication governing corporate accounting practices) states: "Anything accepted by the bank as a deposit is considered as cash." This new money is now a three to ten percent fraction of what the commercial bank may now create and do with as they please.
So, $100,000.00 to $330,000.00.00, minus the original $10,000.00 is now added to the commercial bank's coffers. With this scheme they are taking your asset, depositing it, multiplying it and exchanging it for an alleged loan back to you. This may constitute deliberate theft by deception. In reality, of course, no loan exists.
Fraudulent Conveyance
At this point in the process, they have now transferred and deposited your note (asset) to the Federal Reserve Bank. This note will permanently reside and be concealed there. Since they've pilfered your promissory note, they owe it back to you. It is you, therefore, who is actually the creditor. This deceptive acquisition and concealment of such a potentially valuable asset amounts to fraudulent conveyance.
In legal jargon, the term "fraudulent conveyance" refers to the illegal transfer of property to another party in order to defer, hinder or defraud creditors. In order to be found guilty of fraudulent conveyance, it must be proven that the intention of transferring the property was to put it out of reach of a known creditor - in this case, you.
Racketeering & Money Laundering
Once they have perpetrated this fraudulent conveyance, the creditor then establishes a demand deposit transaction account (checking account) in your name. $10,000.00 of this newly created/acquired funds is then deposited into this account. A debit card, or in this case, a credit card or paper check is then issued against these funds. Remember - it's all just bookkeeping entries, because this money is backed by nothing.
Money laundering is the practice of engaging in financial transactions in order to conceal the identity, source and/or destination of money. Previously, the term "money laundering" was applied only to financial transactions related to otherwise criminal activity.
Today, its definition is often expanded by government regulators (such as the United States Office of the Comptroller of the Currency) to encompass any financial transaction which generate an asset or a value as the result of an illegal act, which may involve actions such as tax evasion or false accounting.
As a result, the illegal activity of money laundering is now recognized as routinely practiced by individuals, small or large businesses, corrupt officials, and members of organized crime (such as drug dealers, criminal organizations and possibly, the banking cartel).
Mail Fraud & Wire Fraud
Since receipt of your first "statement" from each of your creditors, they have perpetuated the notion of your indebtedness to them. These assertions did not disclose a remaining balance owed to you, as would your checking account. Mail fraud refers to any scheme which attempts to unlawfully obtain money or valuables in which the postal system is used at any point in the commission of a criminal offence.
When they claim you owe a delinquent payment, you are typically contacted via telephone, by their representative, requesting a payment. In some cases this constitutes wire fraud, which is the Federal crime of utilizing interstate wire communications to facilitate a fraudulent scheme.
Extortion & Blackmail
Throughout the process of receiving monthly payment demands, you may have been threatened with late fees, increased interest rates, derogatory information being applied to your credit reports, telephone harassment and the threat of being "wrongfully" sued.
Extortion is a criminal offense which occurs when a person obtains money, behavior, or other goods and/or services from another by wrongfully threatening or inflicting harm to this person, their reputation, or property. Refraining from doing harm to someone in exchange for cooperation or compensation is extortion, sometimes euphemistically referred to as "protection". This is a common practice of organized crime groups.
Blackmail is one kind of extortion - specifically, extortion by threatening to impugn another's reputation (in this case) by publishing derogatory information about them, true or false, on credit reports. Even if it is not criminal to disseminate the information, demanding money or other consideration under threat of injury constitutes blackmail.
Lack of Contract Consideration
New money was brought into existence by the deposit of your agreement/promissory note. If you were to pay-off the alleged loan, you would never receive your original deposit/asset back (the value of the promissory note). In essence, you have now paid the loan twice. Simultaneously, the banks are able to indefinitely hold and multiply the value of your note (by a factor of 10 to 33) and exponentially generate additional profits.
For an agreement or a contract to be valid, there must be valuable consideration given by all parties. Valuable consideration infers a negotiated exchange and legally reciprocal obligation. If no consideration is present, the contract is generally void and unenforceable.
Lack of Contract Disclosure
The bank never explained to you what you have now learned. They did not divulge that they were not loaning anything. You were not informed that you were exchanging a promissory note (which has a real cash value) that was appropriated to fund the implicit loan.
You were led to assume that they were loaning you their own, or other people's money, which we have established as false. They blatantly concealed this fact. If you were misinformed, according to contract law, the agreement is null and void due to "non-disclosure."
Contract law states that when an agreement is made between two parties, each must be given full disclosure of what is transpiring. An agreement is not valid if either party conceals pertinent information.
Time to Take Action
We hope that this painstakingly, well researched material has been educational. If you weren't already, we hope you have become highly motivated to take the remedial action that is now available to you, your friends and your loved ones. Start your debt termination education program immediately; by finding out if you qualify.

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