The Hidden Fraud in Loans: Banks, the ‘Color of Law,’ and Deceptive Practices

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Business, Education, Intangibles, Law/Legal, News, Realworldfare, Remedy, Securities, Sovereigns, Strawman/Artifical Entity/Legal Fiction, Trust, Wealth

When a purported borrower takes out a loan from a bank, it may seem as if the bank is lending its own money. However, under 12 U.S.C. § 83, banks are prohibited from lending their own funds. Instead, the bank uses the purported borrower’s promissory note—created through the borrower’s signature—as the source of credit. This note, becomes an asset on the bank’s books, allowing it to generate credit entries for a private monetary system without using its own capital. Importantly, no money leaves a bank account; all the credit generated is based on accounting entries.

Discharging Debt Under UCC 3-603 and 3-311: Your Rights Explained

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Business, Constitution, Education, Intangibles, Law/Legal, News, Realworldfare, Remedy, Securities, Sovereigns, Strawman/Artifical Entity/Legal Fiction, Trust, Wealth

A bill of exchange can function as "legal tender" or "tender of payment," but its status depends on acceptance and context but regardless, if tendered correctly, it does discharge the debt and respective amount tendered. It is a written instrument where one party (the drawer) orders another (the drawee) to pay a specific amount to a third party (the payee). While bills of exchange can be negotiable, they can also be non-negotiable, meaning they don’t always transfer ownership upon indorsement.

From Gold to Bonds: House Joint Resolution 192 of 1933 and The Transformation of America’s Financial Infrastructure

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Business, Education, Intangibles, Law/Legal, Realworldfare, Wealth

Before HJR 192 was passed, Executive Order 6102 was signed into effect by President Roosevelt. This executive order required all gold and gold […]