1. Below is an article that summarises nicely how our friends at the banks really work. It has already gone viral internationally.
2. Finally, if you want a good laugh, a Freeman in the UK was most annoyed when the census people came to his door. He recorded the whole conversation! Watch it here:  www.youtube.com/watch?v=-bmnAhEs11w (NB. our understanding of the process is that we should never unduly use this knowledge to harass or intimidate.)
Here are the results of months of research on the subject:
1. A bank does not LEND money. I know you don't believe me, but the money in your credit card, personal loan and home loan was never loaned to you. A bank cannot prove to you that they lent you money because THEY DID NOT DO IT. Ask them yourself if you don't believe me.
2. So, where did the money come from? Well, you promised to pay the bank over a period of time. You made this promise in writing on a document called a promissory note. This document is kept by the bank for “safe keeping” and is extremely powerful and very valuable.
3. The bank took your valuable promissory note and recorded it as an asset on their books. Then they hit a few keys on a computer and HEY PRESTO – the money appeared. In other words, they took a piece of paper, signed by you in the form of a promissory note and “swapped” it for “bank money” which you can spend. The bank’s books are perfectly balanced and brand new money has now entered the economy.
4. Let me re-iterate this principle: YOU gave them a piece of paper made valuable by YOUR signature (“money of exchange”) and they converted this piece of paper into “money of account.” In other words, the first piece of paper that you gave them is the money they pretend they “lend” you! Yes Bev, you actually created your own credit.
Once you have got over the shock of this, now we move onto the next, and completely separate transaction that takes place within a bank:
1. The bank asks you to deliver on your promise. But what promise? It is not a promise to pay back a loan because there was no loan. Your promise is nothing more than an emotional obligation to society which you put in writing.
2. The bank loses NOTHING if you don't pay it back because there is nothing to pay back. I will say this again: THE BANK LOSES NOTHING IF YOU DON'T PAY YOUR LOAN BACK. People find this extremely difficult to believe. I don't blame them because I originally felt the same way.
3. In many cases, the bank asks for “security” (like a house) to show them just how committed you are to your obligation.
4. Imagine you are a kid and you go to your Dad and say ‘Dad, Uncle Jimmy just gave me a bike! However, he says I should feel guilty about getting something for nothing. Please do me a favour and keep my bike as security until I wash the neighbour’s car 10 times. Only THEN you can give it back to me, ok?”
5. Your dad says “Ok, but in return for this service, even though it has nothing to do with me or even needs my involvement, you have to shine my shoes as well as wash cars.”
6. The next day you need your bike. So you go to your dad and say, “listen dad, I need to use the bike a few times this week, is that ok?” Your dad says, “ok, you've promised to wash the neighbour’s car 10 times and I trust you, so here is your bike – have fun. But remember, I can take it back at any time because, even though it is your bike, you asked me to keep it for you until your obligation to wash the neighbour’s car 10 times is fulfilled.”
7. As long as you wash your neighbour’s car, then you stop your dad from acting on your instruction and taking your own bike away.
8. But then one day you have homework and you can't wash the car. Your dad comes to you. “Son! I am afraid that I am going to have to take your bike away, just like you asked me to.”
9. You are very sad, but your dad is unforgiving. “Sorry son, but you promised to wash cars! There is a promise to wash cars out there and I must duly enforce that promise! Oh yes, and by the way, you still have to shine my shoes.”
10. So you give your dad the bike. Now you have no bike and you are shining his shoes.
Do you see what that bank really is? It is a watchdog making sure that you honour your promise to work in society. It then turns your hard work into lots of cash for itself.
Now it gets even more interesting.
1. Your promissory note is like a bucket. Every time you make a payment, you fill the bucket a little bit more.
2. Every time you make a payment, it is filling up your bucket (your promissory note) and when your bucket is full (ie. the loan has been paid off) then you have the full right to take back your super-charged promissory note jam packed full of cash that you rightfully earned.
3. This remedy is called claiming equity interest returned to principal and surety. You are the principle and surety, the originator of the credit and the ultimate beneficiary. You earned it and you can claim it back!
4. But do you claim it back? NO! So, what do the bankers do? They keep it. That is why they are rich and we are not. They are stealing our equity and investing it again and again and again. In fact, they are investing your promissory note as a mortgage backed security long before it is even paid off. The same applies to your credit cards and even your shop cards. These guys are making a fortune on the back of your promise to work in society. And this promise always has been, and still is, completely voluntary.
5. Some people ask why is this promise voluntary? Well, if you are a slave, and your master tells you to work, then it is not voluntary. You are a slave and the only rights you have are those that have been granted to by your master. If you are a sovereign (a free human being with unalienable natural rights) like we all are, then anything you choose to do is your own free will.
6. If you live in a free society, then how can anything be compulsory UNLESS you gave someone power over you to make it compulsory? You can't give power to someone unless you already possess that power yourself. One day, when we wake up and realise that we are kings and queens of our own castles, then our Natural and Unalienable rights will shine like the brightest of brightest stars. I believe this time is now.
7. The bankers get rich from nothing more than our ignorance. We think we are slaves and so we act like they are our masters. As long as they keep us in the dark, it will continue. You need to make a decision: Do I begin with NO rights, except those that my slave master grants me? Or do I begin with unlimited rights which I merely lend others from time to time?
Let me illustrate all this by continuing our example:
1. After you have washed the neighbour’s car 10 times, you “forget” to tell your dad that your obligation is fulfilled. Your dad can clearly see that you've kept your promise, so he doesn't chase you to do it again, but you didn't formally tell him that your obligation was over. In his eyes the obligation has not been formally discharged. In other words, you forgot to take back your right to your bike so your dad keeps the security interest. [Remember, you gave him this right completely voluntarily. You got NOTHING in return.]
2. Your dad knows this, so he secretly goes to the neighbour and says “My son performed a service to your family by washing your car 10 times. In return for this, I want free beers at your pub.” The neighbour is duty bound to swap “real labour” with “real return” so your dad gets his beers.
3. And that, my dear fellow, is how your dad (and the banks) steal your exemption. It was supposed to be yours. You did all the work, now your dad (the bank) claimed all the credit.
4. In fact, your dad is such a skellem, that he even sold part of his right to your bike to the local postman. The postman needs to reserve access to a bike just in case the local ruffians launch a surprise paint ball attack (secretly org
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