Mortgage Elimination

Mortgage Elimination, Credit Card Debt Elimination, etc. is an administrative process, which disputes the debt through administrative procedures and administrative law. Using the statutes, laws, case law and acts that are positive law, the process begins with administrative letters of dispute sent to each credit company. The administrative process is based on U.S. Supreme Court decisions, United States Code (USC), the Fair Debt Collections Practices Act, the Fair Credit Billing Act, the Uniform Commercial Code (UCC), and numerous Banking and Lending laws.

First you take back your identity from the Government with a filing with the UCC (this is explained further on). Once that is completed, and over a period of months, the administrative exchange takes place between the Consumer and the Credit Card Company. In some cases, the debt is sold to a collection agency, even though it is a disputed debt. In most cases, the administrative process is complete and the original creditor discharges the debt. This process is not bankruptcy or consolidation, but the elimination of unsecured credit card debt, mortgage, student loan and signature loans. Over the last 15 years, this process has worked for thousands of accounts, for mortgages, trust deeds, credit cards, student loans, car loans, and others.

The program provides immediate relief, as once a client begins the process, they can stop making payments immediately, which allows them to use this newfound disposable income in many more important ways. Following the administrative process, the debt is eliminated in about 4-6 months.

Debt Elimination (technically Debt Settlement because you end up settling with the bank allowing them the voluntary effort to discharge your debt) provides a highly confidential administrative procedure that has thus far been 100% effective. It's a non-confrontational way to insure there's no litigation.

After all, what bank would be dumb enough to want to take their own fraud into court with someone who knows their secrets and how to deal with them? The "lending" techniques that are used are beyond brilliant.

It took some very, very smart people to figure out how to appear to be lending money, but in actuality have the value supplied by the person applying for a loan. And that is what is happening. The genius of the originators of the Federal Reserve in the early 1900s are to be commended for their cunning, though dishonest, schemes. They don't want you to figure this out....but when you are the person who actually creates the money for the loan, you are the owner of that money - or another word, you are the creditor. But the bank makes you sign a note saying you are the debtor, and makes you promise to pay them back for your own money with monthly payments.

The few who understand the system will either be so interested from it's profits or so dependent on it's favors that there will be no opposition from that class." -- Rothschild Brothers of London, 1863

If you're an honest, ethical person who believes that the party who funds a loan should be repaid, then we can help you. When you discover the truth, you will be happy to be repaid for funding your own loan and wonder why the bankers thought they should be paid.

All we're asking for you is equal protection under the law, equal protection under the bank loan agreement, and for the whole truth about the bank loan agreement to be revealed. The whole truth is NOT revealed to the borrower. The bank or other lending institution does NOT disclose to you that your promissory note is actually an asset to the bank - that they deposit as THEIR asset.

The bank does not let you know that a promissory note is actually a "negotiable instrument" under the Uniform Commercial Code, and that it will be deposited to fund your loan. Nor did they tell you that the bank has made a book entry on the Liability side of the ledger showing that they owe you that money back for approximately the amount of the loan. (The bank owes you by their own bookkeeping entries!)

The bank does NOT tell you that you actually provided the real cash value for your own loan! Thus, the bank only appears to be lending you anything.

Banks and lending institutions only appear to lend money. Let's take a quick look at how money is created at the "government" level, then we'll see how this applies to you and your alleged debt.

But is it money? Where did the Federal Reserve get the money to exchange for the government bonds? It made a bookkeeping entry. That's it! Money is created by the banks out of thin air! Our government gave them that power when it created the Federal Reserve System. The Federal Reserve creates money out of nothing; this is usury, the payment of interest on pretended loans; the true cause of the hidden tax called inflation; the way in which the Fed creates boom-bust cycles. This technique was developed by political and monetary wizards to create money out of nothing for the purpose of lending. This is not an entirely accurate description because it implies that money is created first and then waits for someone to borrow it.

So, let us now...see just how far this money/debt-creation process has been carried -- and how it works.

The first fact that needs to be considered is that our money today has no gold or silver behind it whatsoever. The fraction is not 54% nor 15%. It is 0%. It has traveled the path of all previous fractional money in history and already has degenerated into pure fiat money. The fact that most of it is in the form of checkbook balances rather than paper currency is a mere technicality; and the fact that bankers speak about "reserve ratios" is eyewash. The so-called reserves to which they refer are, in fact, Treasury bonds and other certificates of debt.

Former Congressman Louis McFadden, chairman of the House Committee on Banking and Currency remarked about the Federal Reserve Bank: "A super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure."

Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States -- Sen. Barry Goldwater (R- AZ)

When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money. -- Putting It Simply, Boston Federal Reserve Bank

The second fact that needs to be clearly understood is that, in spite of the technical jargon and seemingly complicated procedures, the actual mechanism by which the Federal Reserve creates money is quite simple. They do it exactly the same way the goldsmiths of old did except, of course, the goldsmiths were limited by the need to hold some precious metals in reserve, whereas the Fed has no such restriction.

The Federal Reserve is candid. The Federal Reserve itself is amazingly frank about this process.

Currency cannot be redeemed, or exchanged, for Treasury gold or any other asset used as backing. The question of just what assets 'back' Federal Reserve notes has little but bookkeeping significance.

Elsewhere in the same publication we are told: "Banks are creating money based on a borrower's promise to pay (the IOU)...Banks create money by 'monetizing' the private debts of businesses and individuals."

In a booklet entitled Modern Money Mechanics, now withdrawn, the Federal Reserve Bank of Chicago says:

In the United States neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper. Deposits are merely book entries. Coins do have some intrinsic value as metal, but generally far less than their face amount.

What, then, makes these instruments -- checks, paper money, and coins -- acceptable at face value in payment of all debts and for other monetary uses? Mainly, it is the confidence people have that they will be able to exchange such money for other financial assets and real goods and services whenever they choose to do so. This partly is a matter of law; currency has been designated "legal tender" by the government -- that is, it must be accepted.

In the fine print of a footnote in a bulletin of the Federal Reserve Bank of St. Louis, we find this surprisingly candid explanation:

Modern monetary systems have a fiat base -- literally money by decree -- with depository institutions, acting as fiduciaries, creating obligations against themselves with the fiat base acting in part as reserves. The decree appears on the currency notes: "This note is legal tender for all debts, public and private."

While no individual could refuse to accept such money for debt repayment, exchange contracts could easily be composed to thwart its use in everyday commerce. However, a forceful explanation as to why money is accepted is that the federal government requires it as payment for tax liabilities. Anticipation of the need to clear this debt creates a demand for the pure fiat dollars

We don't expect you to believe all this without some proof. I mean, it's just insane, right? Read about the Story of the Federal Reserve System. The Creature from Jekyll Island, by G. Edward Griffin. Mr. Griffin is a well-respected authority on the creation of the Federal Reserve Banking System, and has written a best-selling book of the same name.

Until the control and issue of money and credit is restored to the government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and Democracy is idle and futile. - Mackenzie King, Prime Minister of Canada in 1935

It is difficult for Americans to come to grips with the fact that their total money-supply is backed by nothing but debt, and it is even more mind boggling to visualize that, if everyone paid back all that was borrowed, there would be no money left in existence.

That's right, there would not be one penny in circulation -- all coins and all paper currency would be returned to bank vaults -- and there would be not one dollar in any one's checking account. In short, all money would disappear.

Marriner Eccles was the Governor of the Federal Reserve System in 1941. On September 30 of that year, Eccles was asked to give testimony before the House Committee on Banking and Currency. The purpose of the hearing was to obtain information regarding the role of the Federal Reserve in creating conditions that led to the depression of the 1930s.

Congressman Wright Patman, who was Chairman of that committee, asked how the Fed got the money to purchase two billion dollars worth of government bonds in 1933.
This is the exchange that followed.

ECCLES: We created it.
PATMAN: Out of what?
ECCLES: Out of the right to issue credit money.
PATMAN: And there is nothing behind it, is there, except our government's credit?
ECCLES: That is what our money system is. If there were no debts in our money system, there wouldn't be any money.

It must be realized that, while money may represent an asset to selected individuals, when it is considered as an aggregate of the total money supply, it is not an asset at all. A man who borrows $1,000 may think that he has increased his financial position by that amount but he has not. His $1,000 cash asset is offset by his $1,000 loan liability, and his net position is zero. Bank accounts are exactly the same on a larger scale. Add up all the bank accounts in the nation, and it would be easy to assume that all that money represents a gigantic pool of assets which support the economy. Yet, every bit of this money is owed by someone. Some will owe nothing. Others will owe many times what they possess. All added together, the national balance is zero. What we think is money is but a grand illusion. The reality is debt.

Robert Hemphill was the Credit Manager of the Federal Reserve Bank in Atlanta. In the foreword to a book by Irving Fisher, entitled 100% Money, Hemphill said this:

If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible -- but there it is.

With the knowledge that money in America is based on debt, it should not come as a surprise to learn that the Federal Reserve System is not the least interested in seeing a reduction in debt in this country, regardless of public utterances to the contrary.

Here is the bottom line from the System's own publications. The Federal Reserve Bank of Philadelphia says:

"A large and growing number of analysts, on the other hand, now regard the national debt as something useful, if not an actual blessing....[They believe] the national debt need not be reduced at all."

"Debt -- public and private -- is here to stay. It plays an essential role in economic processes.... What is required is not the abolition of debt, but its prudent use and intelligent management."

Our founding fathers knew about this type of banking. That's why there were provisions in the Constitution of the united States of America to stop this type of banking system to infest our nation.

Article 1, Section 8, clause 5 states:

"Congress shall have the power to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures."

Article 1, Section 10 in part states:

"No state shall use any Thing but gold and silver coin as a tender in payment of its debts;"

Is it more difficult to create money with "creative bookkeeping," (or as President Bush says, "Cookin' the Books") by depositing your promissory note and not telling you? Or is it more difficult to mine the gold and silver to mint the money?

Mining is difficult and expensive. Bookkeeping entries cost virtually nothing.

Take a look at the definition of "Bank" in the 4th Edition of Black's Law Dictionary:

"An institution, of great value in the commercial world, empowered to receive deposits of money, to make loans, and to issue its promissory notes (designed to circulate as money, and commonly called 'bank notes' or 'bank-bills,') or to perform any one or more of these functions."