|
If you are considering a debt
consolidation, read this first
"The ugly truth about why
consolidation is a very bad idea."
-
FACT:
The so-called non-profit debt consolidation services
make thousands of dollars from the money you do pay
toward the settlement to your creditors.
-
FACT:
Your creditors will report the unpaid settlement
portion to the IRS as imputed income and you will have
to pay income taxes on the money you did not pay to
the creditor through consolidation.
-
What!? That is
insane!
-
Wait, it gets
worse! The creditors in your consolidation
agreement will continue to report your account to all
credit bureaus as a bad debt that was never repaid.
What incentive do you have to make any deals with
them?
-
Did you know that
98% of the people who qualify for debt consolidation
programs never complete them? They can't
afford to continue the payments and when they finally
give up, they find that their debts are much higher
than when they began debt consolidation.
-
What if you just stopped
paying? Gee, who ever thought of that? There are no
more benefits or incentives to continue paying, the
only thing you can look forward to is wasting more
money until you realize it's hopeless.
|
In 1790 Mayer Amschel Rothschild said:
"Permit me to issue and control the money of a
nation and I care not who makes its laws."
(Rothschild and his family are one of
the owners of the Fed)
"If the
American people ever allow private banks to control the issue of their
currency, first by inflation, then by deflation, the banks...will
deprive the people of all property until their children wake-up
homeless on the continent their fathers conquered....The issuing power
should be taken from the banks and restored to the people, to whom it
properly belongs."
Thomas Jefferson
John F. Kennedy tried - look what
happened to him.
The economics of banking is
counterfeiting. We have been deceived into thinking that we were lent
other depositor's deposited funds. Banisters cause us to think that if we
do not pay back those funds, the bank and its depositors will be out the cash.
All you borrowed was monetized credit, which your signature created.
You lent yourself the funds. Why are you paying back anyone? Ask a
banker about this, as I did, and watch him stop breathing.
If a counterfeiter
counterfeits $$$ and lends it to us, do we have any moral or legal obligation to
repay the loan? NO ! The law (statute) says counterfeiting is
illegal and that we do not have to repay the counterfeiter. But the
banksters are careful. The bank's own published manual claims, "Money does
not have to be issued by the government or be in any special form. Money
is anything that can be sold for cash and which the banks accept as money."
Commerce is a game
only the banksters can win. They have programmed us to believe
that the more money we have the better life can be - so now men work two
jobs and every woman under 50 thinks she ought to be 'working'.
The more money we "make" the more debt we create, leaving us in worse
shape as we become overworked, and in dismay watched our spending
dollars buy less and less.
Do not rush to a moral
judgment that something must be wrong with this.....that you are
getting something from the bank, and morally you should pay it
back....this is the common reaction because that is how is looks, smells
and feels to most of us - and how we have had the wool pulled over our
eyes. It is not until you peel back a couple of
layers that you begin to understand that the truth is something else
entirely. Once you realize how money works, you will see that even
when you discharge your "debt" to the bank, they have already made a
bundle off of your signature and they are not being hurt at all.
And as a footnote, if morality is your watchword,
think about this....every time you take out a loan, or a mortgage, or a
re-fi, or make a credit card purchase, you are making the national debt
larger, and making inflation worse. So who is being immoral?
Order
ACR E-book
|
|
Look around you. This is 2005 in the "Land of the Free".
How do you feel? Are you free? Well, sort of. We can do
whatever we want as long as it is within certain rules and guidelines, and that
makes sense, right? Of course. But at the same time, there is a
prevailing sense that something is not right. There is an undercurrent,
getting stronger and stronger that is negative - unsettling. We can't
exactly put our finger on it, but we complain to each other. Why do we
hear the same news all the time? - it seems controlled....Why don't we feel the
government that we supposedly elected, is not representing us? Why have
many of us lost interest in voting? Do we feel frustrated and controlled,
as if more and more we are little fish in the sea? Why can't we get ahead
financially? How come our debts seem to keep piling up and we have to work
harder and longer just to keep up?
In the ACR E-book there is a Section 17 that deals with debt
elimination and banking. We give you a lot of educational material that
will show you how money works, how we got to where we are today in this Land of
the Free, and some of the hidden things that contribute to why we have this
sense that something is wrong.
A few paragraphs are given here and below as a preamble to the
e-book to introduce you to this problem.
Around the time of the war
between the states - the Civil War - (1861-1865) - certain "central" union
advocates were busy putting together a plan that would increase the jurisdiction
of the United States over the individual states, which by law were the
controlling, legal authority at that time. When this country was first put
together, the people did not want a large central government that they could not
trust. They wanted individual rights, and hence individual states had
jurisdiction. There was no central union. There was no real "United"
States. This plan was necessary because the United States had no subjects
and only the land ceded to it from the states, i.e.. the District of Columbia
which was only ten miles square and such land as was necessary for forts,
magazines, arsenals, etc. After the War, things changed and when
addressing the Union, the states were referred to as the "United States" and no
longer as individually governed states. It took some time, however, for
the change to be consummated.
Between the 1860's and the early
1900's, banking and taxing mechanisms were changing through legislation.
Cunning people closely associated with the power in England had great influence
on the legislation being passed in the United States. Of course such
legislation did not apply to the states or to the people in the states, but
making the distinction was not deemed to be a necessary duty of the legislators.
It was the responsibility of the people to understand their relationship to the
United States and to the laws that were passed by the
legislature. This distinction between the United States and the states was
taught in the homes and the schools and churches. The early courts did not
interpret legislation as broadly at that time because the people knew when the
courts were overstepping their jurisdiction. The people were in control
because they knew who they were and where they were standing in relation to the
United States.
During the Civil War the first Civil Rights Act was
passed to create License Privileges for the 14th Amendment Citizens (the soon to
be allegedly freed slaves) and to set the trap for March 9, 1933 for changing
the status of state citizens to Federal (or Feudal - meaning being held in
control) Citizens with Civil Rights to hide the inalienable rights granted by
their Creator, as declared in the Declaration of Independence of 1776. If
the cunning rich men of the earth could get us dumbed down enough with lack of
knowledge (which is where we are today) they would be able to control us and our
money at will.
When one follows the
path over the decades, it becomes disgustingly clear that we are not in a place
where we want to be. Once we become empowered with knowledge, we will be
able to reverse the conditions that binds us and makes us debtors. The
movement is growing and there is no turning back.
E X T R A
C T: THE BANKER'S MANIFEST
Capital must
protect itself in every way, through combination and through legislation. Debts
must be collected and loans and mortgages foreclosed as soon as possible. When
through a process of law the common people lost their homes, they will be more
tractable and more easily governed by the strong arm of the law, applied by the
central power of wealth, under control of leading financiers. People without
homes will not quarrel with their leaders. This is well known among our
principal men now engaged in forming an imperialism of capital to govern the
world. By dividing the people we can get them to expend their energies in
fighting over questions of no importance to us except as teachers of the common
herd. Thus, by discrete action we can secure for ourselves what has been
generally planned and successfully accomplished.
from
the Banker's Manifest, for private circulation among leading bankers only.
"Civil Servants' Year Book (The Organizer)" Jan 1934 & "New American" Feb 1934
Links to other pages at top
Debt Elimination Home Page
.
|