Posted in the Mortgage Forum
Alajuela, Costa Rica
#1 Nov 19, 2013
A Del Carmen a second agoRemove
People with due respect, I used my wife's email Maria, my name is
Adelchi Di Palma living in Costa Rica, I have been investigating monetary, credit, law, economics and government issues for over 25 years. The conclusion is undeniable. Banks do not lend, at least they do not lend theirs or others money. they lend you your own money. Money is based on asset. The base for money in the form of credit, digits, credit and debit cards are the substitute for Money.
If anyone has the evidence that the banks lend please provided. A statement from the credit card is not evidence. Also note that the bank's official never signs the credit card application. The definition of a loan is in effect an exchange of promises. You the man or woman by signing the promissory note in favor of the bank authorizes the bank to issue the credit. and you receive the credit in the form of currency, digits, credit or debit cards which are promises to pay.
Where do you think the banks obtain the so called money to lend? They get it from your promise to pay them back. In effect the loan is not with the bank its against your asset. An honest exchange of promises the banks cannot lawfully charge interest only the principle and a service charge. By charging interest it implies that they lend which is false, fraud. Each approved credit involves over 15 criminal acts.
Its illegal for the banks to use other people's deposit to lend to others. Has anyone ever notices their bank statement any amount reduced without your withdrawal?
Think about it, money supply or the inventory of money is much larger today than it was 50 or 100 years ago, now do your home work find out how does the money supply increase. Undeniable fact, each approved credit creates a new amount of deposit without any other account reduced. In short the banks do not contribute one cent toward the amount of credit issued, Capish? And it has to be this way, there is no other way to issue credit. Don't forget the bank doesn't lend money, the extend credit, credit mens trust, believe, faith. Faith based on your asset. What asset does the banks provide? Zero and they do not need to.
Approved credit introduces new amount of money into circulation, this money did not exist the moment before you signed. When the so called debt is paid to the bank they take the principal amount money out of circulation, this is in accordance with the Generally Accepted Accounting Principles. So, money is constantly issued into circulation and taken out of circulation. Of course leaving an exponentially increase of debts which cannot ever be paid by the collective people. Meaning that the banks constantly demand higher amount of money than the amount issued. The criminal banks demand on the average $3 for each $1 issued, a mathematical impossibility.
Conclusion the banks are allowed to commit crimes of epic proportion with the blessing of their accomplices criminal government including the judiciary.
So go ahead and pay your fair share to the criminal government to allow them to keep robbing you. Canada Revenue Agency is also part of the criminal organization.
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