Has anyone ever wondered why the housing and lending crisis happened in 2008-2009, and why housing prices are so outrageously inflated? Well, inflation of our money supply absolutely doesn't help that at all, but there is an underlying rot of deceit that is at the bottom of it all and has been going on since 1913. Below is some information obtained by a Loans Consultant from a non-bank lending agency. His name will be withheld for purposes of his and his family's safety, but he lists what actually happens during a mortgage loan, or in general any loan, that you apply for through a bank. He wrote:
"Having been a Loans Consultant for one of XXXXXXXXXXX's non-bank lenders... and consistently been a top ten consultant, here is a heads up on what has really happened to you when you get a bank loan.
BANK MORTGAGE BUSINESS IS AN UNCONSCIONABLE SCAM -THE PROCESS STEP BY STEP
1. Borrower signs the bank’s Loan Contract and Mortgage.
2. Borrower’s signature transforms the Loan Contract into a Financial Instrument worth the value of the agreed Loan amount.
3. Bank Fails to disclose to borrower that the borrower created an asset.
4. Loan Contract (Financial Instrument) asset deposited with the bank by borrower.
5. Financial Instrument remains property of borrower since the borrower created it.
6. Bank Fails to disclose the bank’s liability to the borrower for the value of the asset.
7. Bank fails to give borrower a receipt for deposit of the borrower’s asset.
8. New money credit is created on the bank books, credited against the borrower’s financial instrument.
9. Bank fails to disclose to the borrower that the borrower’s signature created new money that is claimed by the bank as a Loan to the borrower.
10. Loan amount credited to an account for borrower’s use.
11. Bank deceives borrower by calling credit a “Loan” when it is an exchange for the deposited asset.
12. Bank deceives public at large by calling this process Mortgage Lending, Loan and similar.
13. Bank deceives borrower by charging Interest and fees when there is no value provided to the borrower by the bank.
14. Bank provides none of its own money so the bank has no consideration in the transaction and so no true contract exists.
15. Bank deceives borrower that the borrower’s self-created credit is a “Loan” from the bank, thus there is no full disclosure, so no true contract exists. Borrower is the true creditor in the transaction. Borrower created the money. Bank provided no value.
16. Bank deceives borrower that borrower is Debtor not Creditor
17. Bank Hides its Liability by off balance-sheet accounting and only shows its Debtor ledger in order to deceive the borrower and the Court.
18. Bank demands borrower’s payments without just cause. Deception-theft- fraud.
19. Bank sells borrower’s Financial Instrument to a third party for profit.
20. Sale of the Financial Instrument confirms it has intrinsic value as an asset, yet that value is not credited to the borrower as creator and depositor of the Instrument.
21. Bank hides truth from the borrower, not admitting theft, nor sharing proceeds of the sale of the borrower’s Financial Instrument with the borrower.
21. The borrower’s Financial Instrument is converted into a security through a trust or similar arrangement in order to defeat restrictions on transactions of Loan Contracts.
22. The Security including the Loan Contract is sold to investors, despite the fact that such Securitization is Illegal.
23. Bank is not the Holder in Due Course of the Loan Contract. Only the Holder in Due Course can claim on the Loan Contract.
24. Bank deceives the borrower that the bank is Holder in Due Course of the Loan."
And to add insult to the injury he is exposing here, the bank deceives you into paying them the amount that YOU create in credit back to them, thus double their profit off of a single transaction and conniving you out of owning your home by holding in Due Course, the actual Title to it. Why? So they can try the process again with another witless sap, who will pay them hundreds of thousands of dollars on the same property. This (excuse my language) BULLSHIT has to stop and be exposed for what it is to as many people as possible, or else, Thomas Jefferson's fear of Americans being homeless on the land our forefathers conquered will come true. To tie this into the whole Insurrection series even tighter, Masons are directly involved in the banking industry, and some would say laid the foundation for modern banking via the Knights Templar (founders of Switzerland, go figure).