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THE TRUTHFUL BANK

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THE TRUTHFUL BANK

Post by ceylon on Thu Jul 13, 2017 9:17 pm

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Re: THE TRUTHFUL BANK

Post by assassin on Sat Jul 15, 2017 2:28 am

1st question - why is a mortgage agreement seperate to the con-tract.

2nd question - why is a con-tract even needed.

What is a contract? analyse the words, a con is a scam or deceipt while a tract refers to a tract of land which is defined as PROPERTY.
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Re: THE TRUTHFUL BANK

Post by handle on Sat Jul 15, 2017 6:54 am

No, tract comes from the latin, traho, trahere, traci,tractun which means to draw away from, drag as in extract, attract, detract, distract which all mean to draw ones attention away from concentrating and self awareness.

Con means against not con as in confidence trick

When you enter a contract you are against drawing away from. Ie you are stuck together. The other form of mortgage is a deed (not a contract) which is why mortgage is a death pledge . The miscellaneous provisions act draws the distinction between a mortgage deed and a mortgage contract. A deed is more powerful because it us a gift in a living will.

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Re: THE TRUTHFUL BANK

Post by ceylon on Sat Jul 15, 2017 8:40 am

the agreement is where you pay off in full the contract is where you use the property free and clear as collateral for the scam
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Re: THE TRUTHFUL BANK

Post by LionsShare on Sun Jul 16, 2017 8:01 am

I posted this in another thread.

Found this  - Bank of England! admit banks do NOT lend money

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf

top of page 3 (no, not tits!)

Commercial banks create money, in the form of bank deposits, by making new loans.  When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes.

Instead, it credits their bank account with a bank deposit of the size of the mortgage.  

At that moment, new money is created
.


For this reason, some economists have referred to bank deposits as ‘fountain pen money’, created at the stroke of bankers’ pens when they approve loans.

Take out all words/sentances pertaining to loan/mortgage & re-read - as well as that great yt vid above there it is - cannot be refuted!

mortgage definition:

http://www.thefreedictionary.com/mortgage

1. A loan for the purchase of real property, secured by a lien on the property.
2. The document specifying the terms and conditions of the repayment of such a loan.
3. The repayment obligation associated with such a loan: a family who cannot afford their mortgage.
4. The right to payment associated with such a loan: a bank that buys mortgages from originators.
5. The lien on the property associated with such a loan.

Again take out words pertaining to loan & a mortgage is nothing other than a financial charge on a property - when you take out a "mortgage" you sign away something of value to you as a security that NO loan was ever made!
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