The Bank's Big Secret
What The Banks Don’t Want You To Know!
To understand how our “Mortgage Note Redemption Program” works, you must understand some of the fundamentals of the mortgage industry.
The Mortgage Loan Process
Let’s take a look at how MONEY is created by “credit-lenders”. Your signature is an asset in our economy. You create the value for your mortgage with your signature on the Promissory Note. You do not actually borrow any money from the bank.
Let’s Review The Issue of “The Note”
The Note is usually the second or third document that the lender has you sign when you’re getting your mortgage and it pertains to the borrower’s promise to pay.
A typical Note begins like this: ”In return for a loan that I have received“, and then goes on to state, ‘I promise to pay’, followed by an exact dollar fiqure. As the document proceeds, it covers the installment payments and interest.
Now let’s take a look at the statement: “In return for a loan that I have received“, and then the date on the Note that was signed by you when you purchased your property.
The question is when you went to the tittle company or law firm to sign the documents for your mortgage, had you already “received a loan” at that point? Did you receive a check right then and there or did the mortgage company mail you a check before you came in to sign any paperwork? Of course not. So how could you have ever “received a loan“, meaning past tense?
Essentially what this is really saying is that you received a loan of real money sometime before the moment you signed the Note.
The bank does not disclose to you that your Promissory Note is actually an asset to the bank. Instead they focus your attention on the next document that you sign, the Mortgage Agreement. The intent of this is to perpetuate a perception that you are receiving something from the bank that you are obligated to repay to them.
The bank does not tell you that a Promissory Note with your signature on it is actually a “negotiable instrument“, and that it will be deposited like a check to fund your loan, which in essence makes you your own lender.
There never was an Actual Loan of someone else's money! Take a close look at the Note to discover that something very interesting is taking place. If you read it closely, you will find out thatYOU created that Note. You created the actual currency the bank used to give funds to the seller or lender being refinanced.
Did you know you also created the Deed of Trust (or sometimes called the Mortgage in some states), which binds you to pay a contract for decades?
That’s not a very fair transaction when no loan was provided. We repeat no money was actually provided by the bank. To add insult to injury, the banks have us pay them both principal and interest every month for the next 30 years or so for money that we never received.
When you apply for a $100,000 bank loan (mortgage), you sign a $100,000 Promissory Note, which funds the $100,000 bank loan (mortgage). What is the actual cash value of the Promissory Note? It’s $100,000, because the bank exchanges your Promissory Note for $100,000 in government bonds, which has value equal to cash.
The lender merely exchanged actual cash value for actual cash value, and you were charged as if there was a loan made. When you hand the lender a Promissory Note, it has equal value to the loan check (mortgage). Where is the money that paid for the Promissory Note?
When the bank grants a $100,000 loan (mortgage), all they are doing is taking $100,000 of actual cash value from you (the promissory note with your signature on it) and transferring it to them, for free. The bank did not loan you one cent of their depositor’s money for your $100,000 Promissory Note with your signature on it.
They do it by recording the Promissory Note as a loan from you to the bank, on the bank’s books by journal entry. The bank then uses the $100,000 they obtained from you to create the $100,000 of new money.
Check book money has equal value to legal tender because the Promissory Note (with your signature), can be sold for legal tender. The bank uses the newly created checkbook money to give you back the $100,000 as a bank loan (mortgage), and makes you promise to pay them back principle plus interest for the next 30 years or so.
So the real question becomes, “If the Promissory Note with my signature is an asset, what funded the bank’s ownership of the note?”
Answer: They still don’t really own it. They made an exchange – Your Promissory Note (asset to the bank) was exchanged for the amount of the bank loan (mortgage).
You gave the bank an asset worth $100,000 and the bank returned $100,000 to you. Where was the loan? THERE WASN’T ANY LOAN!
To understand how our “Mortgage Note Redemption Program” works, you must understand some of the fundamentals of the mortgage industry.
The Mortgage Loan Process
Let’s take a look at how MONEY is created by “credit-lenders”. Your signature is an asset in our economy. You create the value for your mortgage with your signature on the Promissory Note. You do not actually borrow any money from the bank.
Let’s Review The Issue of “The Note”
The Note is usually the second or third document that the lender has you sign when you’re getting your mortgage and it pertains to the borrower’s promise to pay.
A typical Note begins like this: ”In return for a loan that I have received“, and then goes on to state, ‘I promise to pay’, followed by an exact dollar fiqure. As the document proceeds, it covers the installment payments and interest.
Now let’s take a look at the statement: “In return for a loan that I have received“, and then the date on the Note that was signed by you when you purchased your property.
The question is when you went to the tittle company or law firm to sign the documents for your mortgage, had you already “received a loan” at that point? Did you receive a check right then and there or did the mortgage company mail you a check before you came in to sign any paperwork? Of course not. So how could you have ever “received a loan“, meaning past tense?
Essentially what this is really saying is that you received a loan of real money sometime before the moment you signed the Note.
The bank does not disclose to you that your Promissory Note is actually an asset to the bank. Instead they focus your attention on the next document that you sign, the Mortgage Agreement. The intent of this is to perpetuate a perception that you are receiving something from the bank that you are obligated to repay to them.
The bank does not tell you that a Promissory Note with your signature on it is actually a “negotiable instrument“, and that it will be deposited like a check to fund your loan, which in essence makes you your own lender.
There never was an Actual Loan of someone else's money! Take a close look at the Note to discover that something very interesting is taking place. If you read it closely, you will find out thatYOU created that Note. You created the actual currency the bank used to give funds to the seller or lender being refinanced.
Did you know you also created the Deed of Trust (or sometimes called the Mortgage in some states), which binds you to pay a contract for decades?
That’s not a very fair transaction when no loan was provided. We repeat no money was actually provided by the bank. To add insult to injury, the banks have us pay them both principal and interest every month for the next 30 years or so for money that we never received.
When you apply for a $100,000 bank loan (mortgage), you sign a $100,000 Promissory Note, which funds the $100,000 bank loan (mortgage). What is the actual cash value of the Promissory Note? It’s $100,000, because the bank exchanges your Promissory Note for $100,000 in government bonds, which has value equal to cash.
The lender merely exchanged actual cash value for actual cash value, and you were charged as if there was a loan made. When you hand the lender a Promissory Note, it has equal value to the loan check (mortgage). Where is the money that paid for the Promissory Note?
When the bank grants a $100,000 loan (mortgage), all they are doing is taking $100,000 of actual cash value from you (the promissory note with your signature on it) and transferring it to them, for free. The bank did not loan you one cent of their depositor’s money for your $100,000 Promissory Note with your signature on it.
They do it by recording the Promissory Note as a loan from you to the bank, on the bank’s books by journal entry. The bank then uses the $100,000 they obtained from you to create the $100,000 of new money.
Check book money has equal value to legal tender because the Promissory Note (with your signature), can be sold for legal tender. The bank uses the newly created checkbook money to give you back the $100,000 as a bank loan (mortgage), and makes you promise to pay them back principle plus interest for the next 30 years or so.
So the real question becomes, “If the Promissory Note with my signature is an asset, what funded the bank’s ownership of the note?”
Answer: They still don’t really own it. They made an exchange – Your Promissory Note (asset to the bank) was exchanged for the amount of the bank loan (mortgage).
You gave the bank an asset worth $100,000 and the bank returned $100,000 to you. Where was the loan? THERE WASN’T ANY LOAN!
"It
is well that the people of the nation do not understand our monetary
system, for if they did, I believe there would be a revolution before
tomorrow morning"
Henry Ford
Henry Ford