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Moon phases
THE TRUTHFUL BANK
4 posters
Page 1 of 1
THE TRUTHFUL BANK
THE TRUTHFUL BANK
https://www.youtube.com/watch?v=HdC-g-sFQhc
https://www.youtube.com/watch?v=HdC-g-sFQhc
ceylon- dedicated
- Posts : 1293
Join date : 2017-02-07
Re: THE TRUTHFUL BANK
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.
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.
assassin- Admin
- Posts : 3567
Join date : 2017-01-28
Location : Wherever I Lay My Head
Re: THE TRUTHFUL BANK
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
ceylon- dedicated
- Posts : 1293
Join date : 2017-02-07
Re: THE TRUTHFUL BANK
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!
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!
LionsShare- Moderator
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Join date : 2017-04-26
Location : Literally Where Ever I Am
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