Bank Questions for CEO … Here is an example of a letter you may decide to send to the CEO to resolve your dispute with XYZ Bank:

I am writing to you because I would like to resolve the dispute I have with XYZ Bank, which claims that I owe a debt, related to the above account number.

I trust that in writing to the CEO, I am communicating with an honest person who is reasonable and fair and who takes responsibility for the conduct of XYZ Bank.

Several years after the above account was opened, I subsequently learned this fact: that whenever a bank lends money there is an increase in the total amount of money available.

“It is much more realistic to say that the banks ‘create credit,’ that is, that they create deposits in their act of lending than to say that they lend the deposits that have been entrusted to them.”
– Joseph A. Schumpeter, “History of Economic Analysis,” Page 1114. Routledge, 2006.

When a bank makes a loan, two corresponding entries are made on its ledger. On one side, “assets”, and on the other, “Liabilities.”

The loan counts as an asset to the bank. And the newly created “deposit”, is a liability of the bank to the depositor holder. So loans actually create deposits.

This fact is directly relevant to this XYZ BANK account under my name and fundamentally changed my understanding of the account.

Also this fact was not disclosed by XYZ BANK, which represents itself as lending existing money acquired competitively.

BANK Questions for CEO

When XYZ BANK expands the money supply to lend; it in effect borrows from the total economic community at little or no cost to XYZ BANK.

I guess members of the community would be angry to learn that XYZ BANK is borrowing from the community at little or no cost and then charging interest and fees to lend this money back to individuals of the community.

As a member of this community I do not consent to this activity of XYZ BANK, which is causing financial damage to myself every time it occurs. Given the quantity and frequency of this activity this is a significant amount.

If this activity is not common knowledge and is done without the consent of individuals then XYZ BANK is stealing from the community every time it expands the money supply to lend.

As I am a member of this community, XYZ BANK would therefore be stealing from me. And you are the responsible person.

I guess XYZ BANK employees should feel uneasy to learn they are part of a continuing theft on unsuspecting members of the community, which includes themselves, their families and friends.

Subsequently I have lost my trust in the bank and in the nature of the account. Being unsure of the full nature and origin of the purported debt, I demanded XYZ BANK provide evidence.

XYZ BANK repeatedly failed to substantiate its claim that a debt is owed by myself or that a valid contract between us existed.

Substantiate the claim

I am still demanding answers to these Bank Questions for CEO:

1) Full disclosure as to the nature and origin of the account; and
2) Certified copies of the specific documents that bind XYZ BANK and myself into contract; and
3) The full name and position of the authorised person within XYZ BANK who authorised this purported contract; and
4) An assurance from the CEO that the nature and origin of this account is honest and fair.

In the absence of substantiating evidence, further demands for payment will be regarded as fraudulent and vexatious harassment.

All communications must be made in writing and are not to be made by phone.

If XYZ BANK does not provide answers to these bank questions for CEO, these particulars… Or cannot prove that the nature of this account is honest and fair … So there are no obligations related to this account and so XYZ BANK is required to:

1) Delete all default listings associated with this account with any agencies; and
2) Delete all my personal information; and
3) Cease and desist all actions against me and notify any debt collectors to also cease and desist; and
4) Return the gross amount of all payments previously made by me.

I accept the possibility that I may have erred in understanding this matter.

Since I may have a wrong understanding as to the nature and origin of this account…

Please provide the above particulars and prove that the nature of this account is honest and fair.

Then I will agree to pay the total amount of any lawful obligations related to this account.

Sincerely,
John Doe
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