Bitcoin Forum

I remember a story about a mortgage taker who won a case in court against the Bank arguing that the money they gave him doesn't exist so he doesn't have to pay back ( minus some admin fees I guess ) I guess this was argued using Fractional Banking ??

Anyone know more about this ? Or a lawyer who can pull this off ?

I am willing to participate in an organized campaign like that if we have the right lawyers and enough people participate ??

For example can we duplicate that previous case  ?

The legal system is funded by the same banksters :)

Do you just remember the story or do you have any sources confirming this?
I remember I can fly when I want to.

Nonsense. With the loan you bough REAL things.

Is this like those guys that sell ebooks that tell people to stop paying the IRS and yet they pay taxes on the ebooks they sell, do as I tell you, don't do as I do bullshit? lol

They are clever. They sells ebooks and make PROFIT

Fixxi you are absolutely right about the fact that loans are not real money. All money that people have represent in fact a dept someone owe to a bank somewhere.

I invite people to watch these 2 videos of Paul Grignon entitle Money as Dept part one and two to fully understand the scam behind this monetary system.

http://vimeo.com/2244372
http://vimeo.com/6822294

This system must be replaced and bitcoin is a real opportunity for all of us except the bankers.

(Please don't reply to me without watching these videos)

great videos watching now.

That is my reasoning for the Original Post.

they scam us, government debt will never be repaid it will be erased through a war or hyper inflation. That is certain. It cannot be repaid mathematically and they do not want to repay it since it will mean removing all money from society... means all talk about repaying debt is total bs.

This is already talked about on the internet ... but there is no organization .. that is what they have against us. ORGANIZATION.

 We must do something ... the money system is created for us to work like horses ... there will be no end to working ( slaving) in this regime

Why can't we do the same ? Just take loans over loans. Of course this will go to court eventually, but that is the point TO MAKE PUBLIC CASE ON IT and publicize the truth.

100 % of top US companies don't pay Taxes in US. I worked in bermuda. Corporations have at these offshore zones like  one-room offices sitting one secretary in there ... then they  pay taxes there.

Taxes by the way are well tied with Private banking, and are as illegal as them. There is no economic freedom anywhere that I know of. It is all about telling us the opposite.

i remember my friend didn;t pay the mortgage and lose the house and even his car  ;D
please share the court house so we can all go and win the case against mortgage companies

I agree that we must organize ourselves against this system and inform people of this scam. But how can we get organization without any resources? Do you have any idea for doing this?

knight bro don't get caught with the post idea  8)

Nah, unfortunately, I know that there is a bunch of law allowing the banks to make this scam.

Subscribe to this thread if it suppports lets keep it here....

We need more people, we need a lawyer to comment on this..

Standing for our right is complex matter...

This is what Occupy is trying to do.

Credit River Decision (http://www.lawlibrary.state.mn.us/creditriver.html)

Who is Occupy ?

In that case apparently the Bank owner admitted that "law" doesn't permit to create money without anything real behind it ... the way the banks do.
http://www.youtube.com/watch?feature=player_detailpage&v=xSqi1N_RrUs#t=93s


However according to this http://en.wikipedia.org/wiki/First_National_Bank_of_Montgomery_v._Jerome_Daly#Additional_sources ,

the court decision was overruled the next day by a higher court.

======
Need to read a little more... but the answer to all this seems gonna be an ugly one.

By not paying the loan, you are creating "real money" from "not real money" and inflating the other peoples money :P

occupy wallstreet movement

Wasn't this court case in the movie Zeitgeist?

If I recall, the reason that the foreclosure was initially reversed is because the bank didn't have the necessary reserve funds to cover the loan.

While it's true that the loans that banks create are basically money that is created out of "thin air," I believe there are some fine print rules which essentially say something like "Yeah, while it's true this money isn't really the bank's, the bank can still legally put it up as a form of liability so long as they maintain the minimum reserve requirement."

All I remember is that while Zeitgeist makes it seem as though no loans offered up by any bank have any legal backing whatsoever (no foreclosures EVER!!!!), the fine print reveals this isn't really the case and the banks are legally entitled to offer up imaginary collateral so long as they meet a number of other requirements.

that means your loan or mortgage meaning your house you live in it;s just "thin air,".
let me get it straight up for you guys: once your signature its on the mortgage documents you can have 100 lawyers you can get anything back reverse etc there is no way you can win a case against a bank or mortgage corporation end of story.

Real money or not, i'm pretty sure you used your bank loan/s to get real things, am i correct ?

The replies above and about loans....You can't rationalize this in favour of the Borrower. THIS SYSTEM IS DESIGNED FOR YOU TO ALWAYS LOSE UNLESS YOU A BANKER. IF YOU HAVE THE RIGHT SOLELY TO PRINT MONEY YOU WILL THRIVE EVEN IF YOU WERE BROKE.

WATCH HERE http://vimeo.com/6822294

I Don't appreciate the negative comments  above that rationalize this corrupt regime. for it can never be rationalized in favor of the citizens. So this conversation now becomes breaking out from slavery, not succeeding in a game where all citizens can't succeed. Of course individual citizens CAN succeed in the regime and join the "elite" BUT it will be to the disadvantage of the rest of citizens.

Though Inflation or Deflation everyone ALWAYS Loses except Banks. We LOSE in all cases no matter what they tell you.

All economic comments NO MATTER what they claim are DETRIMENTAL to the people as they merely keep your eyes closed within a system there is no winning way out for you. It is a mad talk to mad people.

I hope to continue this conversation with people who understand this and have the balls to say something about it publicly.

You see since they put you in a no-way-out situation and make it ILLEGAL to break out of this situation YOU HAVE THE RIGHT TO FIGHT BACK through ingenious fight-back.

I want to know what this ingenious fight-back strategy is ?

I mean what is the alternative ?

You go nuts thinking about all this. How about if you can't beat them join them ?

Banking as in the western world is forbidden in some muslim countries. I think that is interesting.

That's why halal mortgages are invented.
The bank buys the house and after a short period you buy the house from the bank for a lot more money and make monthly payments.
So in fact you just pay interest but call it different.
I will never understand religion.

They do the same thing, just a different name/methodology.

Well if the system was not corrupt only the money principal must be paid to the VALUE creator , the constructors. The interest is not possible to pay unless unconstrained constant economic growth. That is why the US and rest of THE WEST is now in ASIA stealing their NATURAL RESOURCES so you can keep watching porn, go to bars and buy cars.

Unfortunately after Syria , which right now is experiencing a propaganda attack by BBC, etc  prepping a military invasion, there is Only IRAN left with natural resources to grab. This is now widely being connected to the start of WWIII. You know what WWIII is right ? Prepare for instant death or your girlfriend growing a dick larger than yours. The alternative to the WAR is slower suffering until someone causes  the war or commonsense comes to light, hopefully. Without new resources the banking capitalist system of the WEST will be losing their money potential power because of interest payments made to lenders : bankers. This interest money was not created as real value and to be paid need to come from real value in the economy.  Watching China, India and Russia start affording the lifecycle they had previously, people will see their situation start looking more and more like 1930 in Germany..... Of course assuming no wars thereafter, unlikely according to histroy, China, India and Russia s growth will be followed by the same inevitable crash. If that happens though the world at that time will be one black dirty hole with Terminators moving around and we living in the sewers eating rats while few "ellites" have achieved likely immortality due to merging with technology. There will be NO HUMANS TO ARGUE WITH. There will be ROBOTIC POLICE.

With no money reform there will be an inevitable suffering and west governments are actively preparing for that by the way. Ammunition purchases, TSA, confiscation laws, Internet censorship laws, robot testing, self-moving vehicles, etc,etc,etc

Well humans are the best killers after all in this evolution, perhaps that is all we deserve.

To make it short, the banking system is design to ultimately enslave all humanity. Of course, the overall money supply is not enough to pay back the total of dept in the society. On top of that, the society must pay back the dept by getting more and more dept and this is the root cause of the environmental destruction. That is why I strongly suggest people to watch the 2 videos that I posted before and to read the “Modern Money Mechanics” written by the Federal Reserve Bank itself (free of copyright) to understand all this.

http://vimeo.com/2244372
http://vimeo.com/6822294

A self-evident truth.

Since you have no constructive comment to a conversation about real liberty keep your insults in private messages as men do.

+1

I know a lot of people want to find an easy way out, but there just isn't one.

I've read a lot of very convincing arguments that (at least here in the U.S.) the income tax is illegal or illegitimate and you don't have to pay. But the system is rigged with government lawyers and government judges supporting government bureaucrats - all of whom are paid through the very taxes people are trying to avoid. Regardless of whether or not the arguments are valid, the court systems will ignore them or find them to be "frivolous". Same deal for mortgages. You cannot win by playing in their court.

The way to defeat the money masters is to stop playing their game. Pull as much money out of the banking system as you can, and try to avoid paying any fees to the banksters. Use alternative currencies like bitcoin, my Shire Silver, traditional precious metal bullion, Berkshares, LETs (not my favorite, but...), etc. Become as self-reliant as you can. Pay off your debts and try to live debt free.

It is possible to live without using banks, and it is getting easier all the time. It may still be impossible due to your chosen lifestyle, or it just may be inconvenient, but the more you live without banks, the less power they have. That's how you change things.

wow this threat takes another level  ;D