Morgages and the Banks Explained

The rules of Banking are the same all over the world, no matter whether you live in China or elsewhere in Asia, or somewhere in Europe, Canada, Australia or Mongolia, or even Russia. The rules of commerce are the same and have been for hundreds of Years. These rules form the basis of Banking Regulations and GAAP (Generally Accepted Accounting Principles). In the case of Mortgages, this is especially so since the Gold Act of 1933 which created the World Gold Pool (as it was known then) that Centralized the World’s wealth within the Federal Reserve System. That centralized wealth is owned by an independent Commission managed by an Arbiter.

This is so because the World Reserve Currency is the United States Dollar, and the United States Dollar is underwritten by the combined assets of the World. The United States Dollar then in turn underwrites all other currencies.  The Federal Reserve System is not just an American institution, all Central banks or Reserve Banks in the World are a part of the Federal Reserve System, except the international pariah States of North Korea, Afghanistan, and Iran. All other Central or Reserve Banks, without exception, are part of the Federal Reserve System.

The United States Dollar is issued by The Federal Reserve System, not the United States of America, it is the Global Reserve Currency and has nothing to do with the United States of America other than it is the currency Americans use, just as it is the currency Ecuador and many other countries use, and it underwrites all other currencies at their market value because the World’s Gold Pool and other assets underwrite ONLY the World Reserve Currency.

All money in the world is automatically underwritten by the Global Debt Facility, (the Gold Pool created in 1933) today known as the International Institutional Global Parent Combined Collateral Accounts Commission known within the International Banking System as the Collateral Accounts or The Global Debt Facility that underwrites all money and negotiable instruments within the monetary system. This underwriting creates the pass back from the Bank through the National Treasury to the Global Debt Facility The correct name of the Global Debt Facility is The Institutional Parent Registration Accounts (IPRA)

Let us now understand how this vast Global conglomeration connects to your Mortgage. All people when they are born, their birth is registered with the State they are born in, then the Birth Certificate is transferred to the National Treasury Department as collateral for the National Debt (this is where the Good Faith and Credit of a Nation is established). That Birth registration, through the IMF, becomes your access to the Global Debt Facility. That birth registration entitles you to use the Global Debt Facility as your underwriter. (That is why the Bank asked you for a copy of your birth certificate when you applied for a loan)

So how do you connect directly to your underwriting account? By presentation of your Birth Certificate to the Bank and your SIGNATURE on the Mortgage Note. It is your SIGNATURE and your connection through your birth certificate that allows for the pass through the Treasury to the Global Debt Facility.

In the Mortgage Note, there is a Promissory Note. Under international banking regulations, a Promissory Note becomes cash when a Bank converts the note to cash.  A bank has a license that allows them to convert the SIGNATURE on the Mortgage Note into Money of Account.  That money belongs to the person whose SIGNATURE is on the Mortgage Note. The money does not belong to the Bank. The money created by conversion of the Promissory Note belongs to the person whose SIGNATURE is on the Promissory Note. What the Bank did, based on the fact that the Bank knew that “YOU DID NOT KNOW” THE BANK WAS CONVERTING YOUR PROMISSORY NOTE INTO MONEY OF ACCOUNT AND THAT MONEY FROM THE CONVERSION IS YOUR MONEY. The Bank continually DECEIVED you and CONVINCED you to believe, that they were making a loan to you. THIS IS FRAUD BY DECEPTION. The ultimate intention here is to cheat you out of your MONEY.

What the Banks are doing is stealing your money. The double entry bookkeeping system used by banks should show that the money from the conversion was credited to your account, then, in exchange, quid pro quo, was credited to the bank as a Bank Asset when they issue their pre-paid bank cheque (which you believed was a loan). The bank never loaned you anything. There never was a loan. The Bank Cheque was purchased with the money from the conversion of the Promissory Note and that was your money.  A CONVERSION OF YOUR PROMISSORY NOTE IS NOT A LOAN.  THE BANK NEVER LOANED YOU ANYTHING.

Bank fraud under GAAP.  When a negotiable instrument such as a promissory note is made out to a bank, under the double-entry bookkeeping system, the promissory note, under the Matching Principleof GAAP, is required to be entered into Bank’s ledgers as an “asset” of the bank customer (Libellant) and as a “liability” of the bank (Libellee). Under GAAP, the bank’s own bookkeeping journal entries MUST prove that the bank has a liability in the amount of the promissory note or the amount of the “alleged loan” to the bank customer, which liability the bank has never credited to the bank customer, and this has altered the Mortgage Loan Agreement as follows:

The Bank is Guilty of:-

(a)  misrepresentation in the legal form of the alleged loan Agreement;

(b) misrepresentation in the actual economic substance of the events which occurred during the transaction;

(c)  misrepresentation of the actual transaction as it is shown to have taken place under Generally Accepted Accounting Principles (GAAP);

(d) misrepresentation of the bank’s accounting and journal bookkeeping entries of the transaction.

(e) Fraudulent conversion of a Note.

The bank has misrepresented its position in telling the Signatory of the Promissory Note that they are providing a Loan when the Bank is not lending even one penny to the Signatory of the Promissory Note. Their claim that they are lending is an absolute LIE.

NOW, ALLOW ME TO EXPLAIN FURTHER WHY WHAT THE BANKS DO IS FRAUDULENT

What actually happened is that the signatory of a promissory note that he/she is quite entitled to sign, is the Owner of the face value of that Note.  That Promissory Note is a negotiable instrument and as good as cash when the bank treats it as cash, which the bank will ALWAYS DO. The actual role of the bank is to convert your Promissory Note, into public money of account. Only Banks have the license to do that. That money, as with all money, is automatically underwritten by the International Institutional Parent Collateral Combined Commission Accounts, generally referred to as the “Global Debt Facility”.  The Person who signed the Promissory Note is the Owner of the Value of the Note.

Conversion of a Promissory Note is NOT a loan.

The Bank is misrepresenting the transaction.  The Bank never loaned a penny.  The Signature on a Promissory Note is automatically prepaid by the Global Debt Facility which guarantees and underwrites your Signed Promissory Note for value via Treasury Direct. That is the natural function of the Global Debt Facility.  Providing Value of ALL money, no matter what country it comes from. All Negotiable Instruments that a Bank converts to cash are underwritten by the Global Debt Facility. It is this process that allows the Bank to convert the Note into public money of account. 

HERE IS WHAT YOU NEED TO DO TO DEFEND YOUR PROPERTY.

It is simple, so keep it simple.

THE BANK MUST PRODUCE DOCUMENTARY PROOF THAT IT LOANED THE MONEY FROM ITS OWN CAPITAL ACCOUNTS AND IS THE HOLDER IN DUE COURSE OF THE NOTE. 

If the bank cannot do that, Bank cannot substantiate any claim in a Court

If your Lawyer does not understand this document, then get rid of him and find a lawyer that does.

WHAT TO DO TO BLOCK AN ILLEGAL FORECLOSURE

YOU AND YOUR LAWYER ALWAYS DECLARE THAT YOU WILL PAY YOUR DEBTS UPON PRESENTATION OF THE NOTE THAT IS PROOF OF THE DEBT.  DEMAND THAT THE BANK PRESENTS THE NOTE.

WHAT YOU DO NOT DO

NEITHER YOU NOR YOUR LAWYER MUST NOT GET INTO ANY ARGUMENT WITH THE BANK OR MORTGAGE COMPANY.

YOUR POSITION IS

YOU WILL PAY WHOEVER YOU OWE MONEY TO, UPON THEIR PRESENTMENT OF THE NOTE THAT PROVES THEY LOANED MONEY TO YOU.

This video explains how the banks create a mortgage and how it affects you: