First you must know that the federal government took America off the gold standard in1933, during a staged bankruptcy called the “Great Depression” and replaced the gold with an economic principle known as, “Negotiable Debt Instruments.”
So if you borrowed money for a Mortgage and there’s no gold or real value to support the paper called U. S. Currency; what did you actually borrow? Factually, you borrowed debt! The Mortgage Company committed the ultimate fraud against you because they loaned you nothing to pay off the imaginary balance, not even their own debt instruments. They then told you that you owe them the unpaid balance of your home and that you must pay them back with interest, in monthly installments!
Here’s how they did it.
At your Closing, the Mortgage Company had you sign a “Promissory Note” in which you promised your sweat, your equity, full faith and credit against an unpaid balance. Then without your knowledge, the Mortgage Company sold your Promissory Note (your credit) to a Warehousing Institution such as, Fannie Mae or Freddie Mac. The Warehousing Institution uses your Promissory Note (your credit) as collateral and generates loans to other people and corporations with interest. Collateral is essential to a corporation because corporations have no money or credit. They’re not real, they’re a fiction and require the sweat, the equity, the full faith and credit of living individuals to breathe and sustain the life of the corporation. Corporate Governments operate under the same principle.
The Warehousing Institution makes money off the “Promissory Note” (your credit) and even though the profits made are nothing more than new (Negotiable Debt Instruments), those instruments still have buying power in a (Negotiable Debt Economy). These debt instruments are only negotiable because of the human ignorance of the American people and the human ignorance of people in other countries of the World,
The Mortgage Company maintains two sets of books regarding your Mortgage payments. The local set of books, is a record that they loaned you money and that you agreed to repay that money, with interest, each month. The second set of books is maintained in another State office, usually a Bank because the Mortgage Companies usually sell your loan contract to a Bank and agree to monitor the monthly payments in order to conceal the fraud!
In the second set of books, your monthly Mortgage Payment is recorded by the bank as a savings deposit because there is no real loan! When you pay off the fraudulent mortgage, the Bank waits (90) days and then submits a request to the IRS. The request states: “That someone, unknown to this facility; deposited this money into our facility and has abandoned it! May we keep the deposit?” The IRS always gives their permission to the bank to keep the deposit and your hard earned money just feathered the nest of the Rockefeller, Rothschild and eleven other wealthy families in the world!