Looking for help to eliminate debt?
Valid strategies exist to address issues of and even terminate or eliminate debt. With the intention of debt elimination, it is always wise to take a breath, get groundwork laid, get educated, stay educated and handle deliberately, step by step, whatever is in front of you. See below to shortcut your process in getting up to date regarding effectively handling your debt. Why think 'debt consolidation'? Ethical and legal debt solutions exist which can more aptly be labeled as outright debt elimination or debt termination. Legally and ethically terminate or eliminate your debt.
Do Banks Issue Loans?
Did you know that banks are prohibited from loaning their customer's assets, as this would violate general accounting principles? It's true.
Banks take deposits that they hold in trust for the depositor. They must, by law, always be prepared to return any and all deposits back to depositors on demand. They would not be able to do that if they were ever to lend out any money on deposit to anyone requesting a loan. They cannot, therefore, lend or invest anything entrusted to them.
Did you know that banks are prohibited from loaning their own assets as well? Yes, this is true too, as this would violate Federal Reserve regulations. Did you know that banks do not have an asset loss when they "loan" you money? Did you know that they have an increase to their assets when you hand them a "loan application" in exchange for a "loan"? Amazingly, this is true. One reason debt elimination is possible is because the bank never loaned you anything, in the first place.
Debt Elimination: Well, who and what, then, funded any so-called loan?
The simple truth is that you did - with your promissory note.
Yes, what you thought was a loan application was, indeed, a promise to pay. You funded the so-called loan to yourself with the promissory note that you handed to the bank for free. It increased their assets and then they had the gall to charge you both the principle and the interest upon it. The bank risked nothing.
This knowledge, like all knowledge, is power that can be used to your advantage. Eliminating debt is simply a matter of understanding the rules of commerce, always staying in honor with utmost integrity.
The debt industry is a fraud. The good news for any so-called debtor is that there are a myriad of effective ways to challenge the so-called lender to prove that his or her industry and practice isn't fraud; and, of course they can't. See below and other pages on this website to access empowerment in current, effective strategies & techniques to handle (i.e. resolve, set off, discharge, eliminate and/or terminate) almost any kind of debt.
Recent Debt News
It is "perhaps one of the most powerful and private databases of American's personal information ever created, containing 190 million employment and salary records, covering more than one-third of US adults." That comes from the opening paragraph of a recent story by Bob Sullivan, author of the very popular blog The Red Tape Chronicles.
Surprising Way Debt Collectors Know Where You Work, 3/6/13
In essence, if we go though a deflationary depression, creditors will be chasing their clients, but if we go though a inflationary depression creditors will practically be hiding from their clients, saying: "Oh, just keep on making your monthly payments." In a total collapse, all bets are off. If it is hyperinflationary, you can simply pay off your creditors in depreciated dollars. And I would advise doing so in the midst of it all, before a major currency reform. Just be sure to get a notarized "satisfaction of mortgage" document (or similar), so that you can prove that you stand free and clear. In the end, possession in nine tenths of the law. The many people now squatting in foreclosed houses are evidence of that.
Personal Debt Implications of an Economic Collapse, 8/29/12
Debt is a “soft” form of slavery. In America today, it is not legal to bind people up with chains and force them to work for you, but that doesn’t mean that there are not millions upon millions of slaves in this country. When you borrow money, you willingly become a servant to the lender. Sadly, there are millions of Americans that will spend the rest of their lives working to pay off their debts but they will never escape the endless debt slavery that they have gotten themselves into. When you add up all forms of debt in the United States at this point, it comes to more than 54 trillion dollars. That is more than $178,000 for every man, woman and child in America. We truly are one nation under debt, and we have created the biggest debt bubble in the history of the planet. Unfortunately, all debt bubbles eventually burst, and when this one bursts the consequences are going to be unlike anything ever seen before.
One Nation Under Debt With Endless Debt Slavery For All, 4/21/12
Loans are always a good way to expose your sensitive information to a host of strangers who are scrutinizing every aspect of your life. There are more likely than not more eyes than those of a pecuniary predator perusing the information you submit to your lender. Although borrowing money often feels like placing the burden of heavy chains around your neck, how much worse would it be to be naked under those chains?
Chained and Naked – Loans and Privacy Disclosure Policies, 2/20/12
Trapped assets that generate no income streams in the present are not capital; the value of such non-productive assets is illusory. Strip away these trapped assets and the reality is revealed: most American households toil to service their debts.
The typical American household is insolvent: its debts exceed its assets. There is nothing fancy about calculating insolvency: if debts exceed assets, the enterprise is insolvent. By this measure, most American households are insolvent, if their real assets are marked to actual market.
Debt-Serfdom Is Now The New American Norm, 10/18/11
So the real question is not how does barter generate some sort of medium of exchange, that then becomes money, but rather, how does that broad sense of ‘I owe you one’ turn into a precise system of measurement – that is: money as a unit of account?
By the time the curtain goes up on the historical record in ancient Mesopotamia, around 3200 BC, it’s already happened. There’s an elaborate system of money of account and complex credit systems. (Money as medium of exchange or as a standardized circulating units of gold, silver, bronze or whatever, only comes much later.)
So really, rather than the standard story – first there’s barter, then money, then finally credit comes out of that – if anything its precisely the other way around.
What is Debt? – An Interview with Economic Anthropologist David Graeber, 8/26/11
We all know about people being put into real estate loans they could not handle. Did you know the banks also had sales "hit teams" to tempt people into taking cash advances way beyond what they could afford? Two insiders spill the beans.
Credit card piracy - the next shoe to drop
Well, it was nice while it lasted. One of the really good things that came out of the recent economic downturn was that millions of American families decided to get out of debt. In particular, we had seen a sustained trend of reduced credit card usage in the United States. It looked like Americans had finally wised up. But we should have known that Americans would not be willing to tighten their belts forever. Unfortunately, it appears that getting out of debt is no longer so "trendy". In fact, the month of December was the third month in a row in which consumer credit grew in the United States. Prior to that, consumer credit in the United States had declined for 20 months in a row. The American people were doing so, so good. Why did they have to stop? It appears that the American people have fallen off the wagon and have gotten a taste for credit card debt once again. This time, however, the credit card companies are back with interest rates that are higher than ever. In fact, one national credit card company has hundreds of thousands of customers signed up for a card that charges interest rates of up to 59.9%.
59.9% Credit Card Interest Rates?!, 2/9/11
DISCOVER HOW YOU CAN ELIMINATE DEBT LEGALLY
Too many of us have experienced the draining burden of debt, whether credit cards, student loans, tax liens or a home mortgage. If something happens to one of the bread winners in your family--an accident, downsizing, jobs exported overseas, budget cuts--bills can pile up quickly as interest, late fees, and hidden expenses. Under normal economic conditions, most of us have been living on the edge only one paycheck from financial disaster. Who knows what might happen in an increasingly unstable economy? You don't want to carry any debt into the economic conditions that lie ahead.
Can you just legally cancel debts? Actually, yes! You'd do it in a second if you knew for a fact it could really be done legally, right? What's the catch? The only catch is that most people have never even imagined such a process because debt elimination has been well hidden, utilized only by the financial wizards who have developed the banking system. We have experts who can coach you through the arcane world of the UCC and guide you in your debt elimination strategies.
And the consumer protection laws, like most laws, seem to need an expert to even understand them. We make all that accessible to you by auditing and analyzing your loan or credit card documents and producing a legal document to remedy the wholesale violations of the statutes enacted by Congress, signed by the President, and upheld by the courts. It's "black letter" law meaning it is established and accepted without question in the courts.
DEBT ELIMINATION PROFESSIONALS MAY HAVE A SOLUTION TO HELP YOU ELIMINATE DEBT AND DISCOVER FINANCIAL FREEDOM
You have a few minutes to find out how debt elimination is possible and how it works, don't you? Be ready for more than a few surprises!
Imagine what your life would be like if you could just stop making payments and keep your home or business without any legal hassles. Imagine eliminating your credit card debt and even keeping your credit card for future use. Imagine all this and a clear credit report, as well.
* No more stress from wondering how you can stretch the budget
* Spend your money on your child's college education
* Invest your money and let your money work for you
* Travel more often with all the money that you have saved.
Debt elimination professionals have discovered some relatively unknown statutes that pertain to the banking system and debt, that they're utilizing to help their clients. They're eliminating debt and helping ordinary folks eliminate debt and own their homes, forever!!! You will be looking specifically for answers to these three fundamental questions:
* How is it that there is no money (lawful money)?
* Who actually owns and operates the Federal Reserve System? Who should? See this video, it will wake you up!
* The Money Masters -How the International Bankers Gained Control of America
* Who actually provided the source of the funds for your "loan"? And HOW?
Have you read Secrets of the Federal Reserve - by Eustace Mullins?
April 25, 2009
Greetings, I want to take this time to share with you, how much I thank God Almighty for your help and advice and for being a true friend to a total stranger in cyber space.
I followed your advice in dealing with the repossession and debt collector and my case was dismissed to my surprise without presenting all the information that I prepared for court.
My wife and I have been blessed with employment and are now on the road to recovery. Just wanted to drop you a few lines to inform you of the good news and say THANK YOU VERY MUCH for sharing with us. We will continue to lift you and your family up in prayer. May the peace of God forever be yours and his light forever shine on you.
Forever Grateful,
Rickey
See also:
Debt Elimination: Credit card debt elimination page, mortage debt elimination page and student loan debt elimination, here.
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