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More Background Information
One of the reasons this
process is possible is because of the way our credit
based money system is set up. The Federal Reserve
Banks own publication Modern Money Mechanics is
one of the best explanations of how the fractional
reserve system works and explains how the banks
are literally making money out of nothing. FREE
PUBLICATION - Get it Here written by
the Federal Reserve Bank of Chicago last publicly
printed in 1994.
Legal, Ethical and
Moral Process
Once you understand this
everything else starts to fall into place and you
will realize that the debt elimination process is
ethically based on a thorough understanding of the
banking system, contract law and proper legal procedure.
If the audio links are
working for you, listen to Tim Madden below to get
another angle at this - he talks about the Canadian
Banking system but essentially the US and Canada
are set up the same way. For your convenience, I
have made a summary below but you are best off listening
to the source.
The biggest obstacle in
all this is how you think and what you have been
lead to believe. The very idea that you don't have
to pay the banks back what you borrowed only make
sense up to the point when you suddenly realize
that they have not been totally up front with you.
The Money you thought
you borrowed is the Credit you created with your
own signature
Once you realize that
the banks are only giving you money based on the
collateral you gave them in the form of a promissory
note - that is the signed credit card contract itself
- and take advantage of that situation to make money
from your money, you realize that this is not an
equal exchange. And to add insult to injury they
charge you for the privilege.
Your First Barrier
to Building Wealth is How You Think!
The above Sounds unbelievable
doesn't it? Well what the banks would like you to
continue to believe, is your first hurtle in taking
the first step in building a foundation for wealth.
Don't believe what we say - just
find out for your self by checking it out.
This is why the emphasis
here and on other parts of the this site are on
education - you need to some extent not believe
anything we or anyone else are saying but we do
encourage you to do the work of getting the facts
yourself by going to official sources, checking
it out and then acting accordingly. We are only
a small community dedicated to assisting people
financially by giving people like you access to
the information that is out there in public records
if you know where to look.
Start with the Banks Own Publications
Point in case, make the
effort to download Modern Money Mechanics above
if you have any difficulty accepting the concept
that the banks never really gave you anything. Once
you have that ethical question out of the way and
if you are an American then you are in a position
to be perfectly justified to go after the banks
for compensation for violating your rights as defined
by TILA. A similar strategy is available in Canada
- just contact the person that directed you to this
site and we will connect you to the experts.
Now while its true that
the banks create money out of nothing, Nevertheless
as I understand it, That is not a position that
will hold water in court as Judges have been in
the box thinkers just as much as the rest of the
population. This is the significance of the TILA
argument.
The main distinction now
is that with DRSM using the TILA, it has the precedent
of hundreds of years of case law. If the judge make
an exception by ruling in the banks favor in regard
to your credit card disputes they would have to
rewrite all those years of case law regarding contracts.
That simply is not going to happen. As a layman
that is my understanding of the process - I hope
that helps or clarifies things for you. If it does
we can connect you with DRSM and put you one step
closer to prosperity. Getting rid of your debt servicing
costs is the first step towards creating real wealth.
If you wish to know more
on banks and the credit system you can get a refreshing
viewpoint from Tim Madden below. To contact a
debt specialist contact the person who directed
you to this site.
************************************************
Below are excerpts
from one of our experts and International Conference
Speaker Tim Madden an economist who designed the
Canadian Debt Elimination Program. A Summary of
what he says is below. Comments apply to the US
as well. My Text Summary is as below but I encourage
you to listen to the source.
Credit System
- Banks and Agency - Tim Madden
Audio Summary -
Credit System - Banks & Agency
For
ONE on the basis of contract law there was not full
disclosure when you signed your credit card agreement
- which in itself is valid ground for breaking your
credit card agreement.
Secondly
the banks have not put anything at risk for their
part as there no equal exchange in the contract.
There is no exchange as the have not extended any
money to you as you were lead to believe and are
merely charging you for the use of money you yourself
created with your signature - a "negotiable
financial instrument" when you signed the credit
card agreement.
From
a basis of contract law, as
1) there is
not proper disclosure and
2) since there is no equal exchange between both
parties
Therefore the credit card
contract is illegal and unenforceable.
Tim
goes on to explain that "Agency" is a
third basis on which one can contest the legality
of the credit card contract and that there are at
least 30 other violations of law by which the banks
can be made accountable.
He
also explains how and why the government have been
allowing the banks to get away with it and why you
would be doing society a great service by eliminating
your debt. Listen to the audio clips above for a
more detailed explanation.
If you are serious and/or
would just like more information just enter your
name and email address where provided on the left
and you will automatically will be sent more information
on our association, the location of the debt elimination
web sites and a schedule of live presentations by
an auto responder. Be assured your name will never
be shared or sold to any other party .
* * * * * * * *
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Our
Organization's Mandate
To empower peoplewith financial education
so they can start and complete a process
of becoming financially free. The service provider
above is only one of a stable of international
specialists that have passed extensive scrutiny
prior to being presented to you. Listen to our
Overview by clicking the Presentation Link Below
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