Expose Bank Fraud, Get Your Loans Forgiven, Says Expert
By T. Robinson    https://www.debt-forgiveness.us/bank-fraud-article.html

Did you know that all banks and commercial lending institutions withhold a critical piece of information, from you the borrower, when you sign a loan agreement with them? This secret that they keep from you is of such grave consequence that when they are confronted about it, and they know that you know the truth, and there is no denying it, they are inclined to quietly forgive the loan, thereby releasing you from your obligation to them. And to make matters even better for you, the bank is also inclined to report to the credit reporting bureaus that the terms of the loan have been satisfied.

You may be asking yourself why! What could be so serious after all to cause a bank to just walk away from a loan? Well, it involves a fraudulent practice that every banking institution commits every time they make a new loan. If the bank simply admitted this little secret when you borrowed the money then everything would be fine. Except, there is one problem, and this is the clincher. If the bank admitted this secret to you, there is a pretty good chance you would probably never repay the loan. So, you see, in order for a bank to substantiate its very existence it must operate in this deceitful way.

The root of this issue originates not with your local banker but with the creation of the Federal Reserve System in 1913. With the creation of the Fed came a monetary system known as fractional reserve banking. In this kind of system, banks no longer loan out their own assets. Instead, they must draw "value" from the borrower. In other words, you fund the loan, not the bank. So, here we have a major quandary. If you go to your local neighborhood bank to take out a loan to buy that new car, how can the source of that loan come from you? I mean after all, you are the one that is borrowing the money, not lending it. Right?

When you borrow money, what you are really doing is providing that lending institution with a signed promissory note, or a signed cardholder's agreement, if it is a credit card. This signed agreement is in reality a negotiable instrument under the terms of the Uniform Commercial Code. This negotiable instrument has a cash value that is equivalent to the approximate amount of the loan. This is the actual source that funds your loan, not the lender's assets. So, it is your signed agreement with the bank that magically springs that money into existence you are borrowing.

Does that make sense? I mean I don't make this stuff up. I am just reporting it as it is. You walk into a bank and ask to borrow their money. As soon as you sign the promissory note, or similar instrument with the lender, it is converted into a cash asset that has value on the open market. They deposit that instrument but don't bother telling you. The bank leads you to believe that it is loaning you a portion of its own assets, when in reality it is simply exchanging the value of the promissory note you provided them for the amount of the loan. So, there really is no loan, just an equal exchange. The fact that they don't reveal this constitutes fraud on their part. This is why banks are forgiving loans of credit when they are confronted about this issue. There is no denying it because what they are doing is absolute fact. To prove this to you, I will illustrate how this identical mechanism also exists at the governmental level.

When Congress needs money to fund government operations, say a $100 billion, they go over to the treasury and say, we need a $100 billion. The U.S. Treasury prints up $100 billion in government bonds (similar to the signed promissory note you give to the bank). They take those bonds over to the Fed, and say we need to borrow $100 billion. The chairman of the Fed takes the bonds and exchanges them for $100 billion and loans them to the U.S. Treasury at the current interest rate. Now, the government has another $100 billion to spend as it wishes and is in debt to the Fed for another $100 billion, plus interest. As you can see, there really isn't anything being loaned, but merely exchanged. If the U.S. Treasury gave the bonds to the Fed and the bonds have value, why does it now owe the Fed that much money, plus interest on top of that?

Well, the answer is simple. The Federal Reserve System was created by an act of Congress. So, therefore this kind of money mechanics has been legalized. But in spite of its legality, does not excuse the individual banks from misrepresenting the facts about how the loan is actually funded. You are lead to believe that things are one way, when in fact they are another. Once you understand the deception, it is quite easy to begin to take your power back and not feel the least bit guilty about doing it. It is your right and even your duty. For many, debt has become an incredible burden. Credit card debt is the worst because of high interest rates and low payment obligations. This is a potent mix that undermines many family budgets. By making only the minimum payment each month, you'll never get ahead. Credit cards were designed to benefit the financial institutions that issue them, not the end user.

If you are one of the many people who have been negatively impacted by credit schemes, then the prospect of being able to have your unsecured debts forgiven by the banks and financial institutions themselves may seem appealing. This can all happen without having to stoop to bankruptcy or debt consolidation programs. Bankruptcy damages your credit for 7 to 10 years. Debt consolidation does lower your monthly outlay by combining all of your payments into one. However, consolidation creates a false sense of relief. With income freed up every month, the majority of people who consolidate fall even deeper into debt within 2 years or less, only compounding their problems. On the other hand, debt forgiveness totally eliminates the problem at the source and does not damage your credit. In fact, in some cases it can actually help to improve your credit by purging your credit reports of derogatory remarks connected with the loans that are forgiven.

So, now that I probably have your interest, I must issue a warning! This is not something you should try to do on your own. Banks have kept this scheme going for a long time and they are very good at what they do. Confronting a bank directly about these issues will get nothing accomplished. If you are interested in pursuing this further, I recommend that you seek out a professional who has experience in dealing with these matters. Banks will often use intimidation tactics once they realize what they are faced with. After all, they are not going to give up their position so easily. They are in the business to make money and they will use every trick in the book before they are going to forgive a loan. But, once an expert confronts them in the proper way, and the bank knows whom they are dealing with, they buckle every time.

And, the beauty of all this is the last thing a bank or financial institution wants to do is bring this kind of thing into court. Because, in a court setting where all the facts are laid out, they have not a single leg to stand on. The reason why is no one is denying that they are part of a fractional reserve banking system. The bank can never deny the existence of the promissory note that you signed and its true value in the commercial world. The bottom line is quite simple. During the loan process, the bank did not disclose to you that it converted "your promise to pay", into an asset that it then deposited behind your back. And this is why they buckle every time. This little secret means instant death to their position, and release of the obligation that you have to them.

With knowledge of these facts, I believe that you and many others now have the power to reverse a growing trend of debt dependence. Excessive debt is debilitating and undermines the very fabric of the creative spirit. With debt freedom, life can become less burdensome. Debt is a weight, and when it is gone it frees the spirit to open up to greater possibilities.