tag:blogger.com,1999:blog-3847800275353491756.post3364440545521222301..comments2023-10-17T04:39:28.055-07:00Comments on The Daily Hype: POLITICSHYPE: Showing The President Who's BossZé Cacetudohttp://www.blogger.com/profile/06545828416315713722noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3847800275353491756.post-76476258540388549482014-10-05T16:57:01.260-07:002014-10-05T16:57:01.260-07:00This whole bankster fraud and theft gets even bett...This whole bankster fraud and theft gets even better if the people of this nation understood the real fraud.<br /><br />That real fraud is that the money a bank loans you dose NOT come from it's own vault; that money is created by the borrower at the moment he/she signs the promissory note(alleged loan). The bank now lists that dollar amount on it's books as an asset, (like a checking account depsoit), and on the other side of the ledger lists it as a "liability (the alleged loan they made to you). The so-called borrower now has to pay back that amount plus interest. <br /><br />You, in effect and fact created the very money you borrowed; you actually loaned the bank the money they allege they loaned you.<br /><br />So here's part of the biggest fraud; it is that none of the banks who claimed to have lost all that money due to foreclosures NEVER had a dime of their own money out for those loans. And yet they went to the government and had them pay them with taxpayer funds; many of the same taxpayers who are paying off loans that don't exist.<br /><br />A simple analogy of this fraud is this: I ask you to give me a hundred dollar bill, which you do. You then tell me you need to borrow a hundred dollars; I loan you that hundred dollars, BUT it's your own hundred dollar bill you gave me; I now demand you pay me back that hundred PLUS interest. But I never give you back the hundred bill you gave me.<br /><br />So why should any of those banks who allegedly loaned money to people to finance a house care whether any of those alleged borrowers could make the payments WHEN in fact the bank never loaned them a dime out their vaults. The borrowers created every dime the supposedly borrowed. So when they defaulted on payments did the banks lose anything? Of course not. As a matter of fact they gained in more wyas than one. One way is the bank now owns a house free and clear that they can re-sell at any price. Secondly they were reimbursed by the government for every non-existent dollar they didn't really loan<br /><br />If the stupid fools, AKA voters, ever figured out or learned about this phoney scam they'd hang every banker in the country.<br /><br />And to add insult to injury, the government allows this unlawful practice to continue.Anonymousnoreply@blogger.com