Banks don’t lend “money”, so where does the “money”, that they claim to “lend” you, come from?

When you start digging, you’ll discover that all financial institutions in the business of lending money have engaged in a deliberate scheme to defraud the “borrowers”… By lending non-existent money which is illegally created by the financial institutions out of “thin air.”

That creation of money out of nothing is in breach of Sovereign Peoples Human Rights, and therefore void, and all monies loaned under false pretence contravenes the Criminal Code.

These transactions constitute counterfeiting and money laundering…

Of course, the banks will not show you evidence that the source of money, if money was indeed advanced by the banks and deposited into the borrowers’ accounts… Ask the staff working at the bank, and they’ll give you a blank stare. Or they’ll fob you off to another department. They may even ignore you, and find some excuse to say that they are not under any obligation to show you.

At lower levels, the staff have no idea.

“You got your loan, didn’t you?” they’ll say.

Banks Don’t Lend Money – Here’s Why

At all material times, the banks had no legal standing to lend any money to borrowers because :
1. Banks and credit unions did not have the money to lend, and therefore they did not have any capacity to enter into a binding contract;
2. Banks did not have any cash reserve, they are not legally permitted to lend their depositor’s or member’s money without expressed written authorisation from the depositors, and:
3. Banks have no tangible assets of their own to lend. All their “assets” are “paper assets” or digital accounting entries on a ledger… Which are mainly in the form of “receivables” created by them out of “thin air”… Derived out of loans…Where the monies loaned out were also created out of thin air.

4. Other than bookkeeping and computer entries, no money or substance of any value was loaned by the banks to the “Borrowers”.

In plain English, the banks never suffer any loss in creating the loan.

So the loan transactions between the “Borrowers” and the banks, these financial institutions do not bring any equity to any of the transactions… all the equities are provided by the borrowers.

Now, doesn’t it seem reasonable to conclude that the loan transactions are fraudulent?

Because no value was ever imparted by the banks to the “Borrowers.”

The banks do not risk anything, nor lose anything.

And if you stop making re-payments, the banks only suffer by not making additional gains.

They do not suffer a loss.

Therefore no lien has been perfected according to law and equity against the “Borrowers”.

Foreclosure proceedings are unlawful

The foreclosure proceedings which comes as a result of the “Borrower” defaulting on fraudulent loans by the banks and credit unions.

So, these foreclosures are unlawful acts of conversion and unlawful seizure of property without due process of law. They rely on your consent, based on false evidence and fear, resulting in unjust enrichment of the banks.

The banks utilise fraudulent practices, deceiving customers into believing that they receive “credit” or money. But when you look closely at the facts, no actual money is being loaned to their customers…

It’s all “smoke and mirrors”, using bookkeeping entries. Because no money other than ledger or computer entries are being “loaned” to the “Borrowers”.

Rather than real money being received by the “Borrowers”, all we see is “electronic” or “digitally created money.”

Digits entered into your “loan account”, created out of nothing… At no cost (or potential loss) to the financial institutions, these digits become a “loan” into your account.

Borrowers are then required to pay interest rates for the money they never received.

While banks claim interest rates have to vary as “interest rates” (for created “money”) rise and fall in world money-markets.

The banks effectively turn consumers into virtual debt slaves, forcing them to RE-pay something they never received. If you fall behind in the re-pay-ments, the banks will seize your property… because you can no longer RE-pay the banks with your ‘hard-earned-sweat-equity” (real money).

How can you RE-pay something that never existed in the first place?

Where is there a law stating financial institutions have the legal right to create money out of nothing?

“Only God has the power to create anything out of nothing.”

We’ve all been fooled for too long.