Equity, Fake Money and Exchanges

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Equity, Fake Money and Exchanges

Postby bustthematrix » Mon Nov 23, 2009 7:36 pm

Hi folks, I have this question about an idea relating to equity in contract law. In essence, the idea, as it applies to modern banking would go something like this:

• Mr A goes to B bank for a loan of £20,000 to buy a car C.
• The loan is approved by B bank!
• Mr A signs a credit agreement thereby enabling B bank to ‘work its magic’ and create the £20,000 out of thin air (ahem, computer key strokes!).
• B bank starts the operation of the ‘loan’ account
• Mr A has £20,000 ‘transferred’ into his bank account
• Mr A goes to buy car C from Dealer Dand pays by debit card direct from his bank account
• Dealer D’s bank account receives the ‘funds’ electronically and passes car C to Mr A
• Mr A starts using car C
• Mr A starts making monthly re-payments to B bank

We all understand the fraud of how B bank ‘created’ the money but not the interest or the means to repay the loan. The issue I’m trying to appreciate is what the fact that Dealer D accepted these funds as real money and thereby released car C to Mr A for his use and enjoyment?

How can Mr A credibly get the loan from B bank cancelled using freeman techniques whilst keeping and using car C? Notice I said ‘credibly’.

Assuming the loan is cancelled as fraudulent, payments made to date returned to Mr A as fraudulent proceeds, what should happen to car C? Dealer D obviously doesn’t want the car back since it’s now ‘worth’ less than the original £20,000 and it defnitely cannot be given to B bank for any reason.

So then, what should happen to the car, or house or conservatory or equipment we bought with ‘borrowed funds’ the other day?????

I suppose the real question is, who’s to blame for all this? The government (us) who maintain the system, the bankers who simply operate within the system (assuming they’re not part of the fraud) or who?
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Re: Equity, Fake Money and Exchanges

Postby the_common_law_reverend_kenny » Mon Nov 23, 2009 9:28 pm

I think I'd have to think that it is dependent on the case in question.

car loans and mortgages are different types of equity, do you know what I mean?

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Re: Equity, Fake Money and Exchanges

Postby huntingross » Mon Nov 23, 2009 10:22 pm

I've maybe missed the point of your question....but D doesn't give a toss because they've been paid £20,000 ones and zeros to offset their outlay for the car in the first place.

The bank has pawned your Promise to Pay and fractionalised it for 10x its face value.
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Re: Equity, Fake Money and Exchanges

Postby boo boo » Mon Nov 23, 2009 10:42 pm

huntingross wrote:I've maybe missed the point of your question....but D doesn't give a toss because they've been paid £20,000 ones and zeros to offset their outlay for the car in the first place.

The bank has pawned your Promise to Pay and fractionalised it for 10x its face value.


Prove it please?
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Re: Equity, Fake Money and Exchanges

Postby huntingross » Mon Nov 23, 2009 10:46 pm

Which bit....or all of it ?
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Re: Equity, Fake Money and Exchanges

Postby boo boo » Mon Nov 23, 2009 10:52 pm

huntingross wrote:Which bit....or all of it ?


The bank has promised bit will suffice mark thanks
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Re: Equity, Fake Money and Exchanges

Postby the_common_law_reverend_kenny » Mon Nov 23, 2009 11:01 pm

The bank has pawned your Promise


monetization -- http://www.fmotl.com/forum/viewtopic.php?f=47&t=2691
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Re: Equity, Fake Money and Exchanges

Postby huntingross » Mon Nov 23, 2009 11:18 pm

I have asked the Credit Card company to send me the Agreement....they didn't

I asked them to send it again.....they still didn't

So I asked them again.....still nothing.....not even a copy.

So I conclude they don't have my Agreement....so where is my promise to pay ?

I figure if they want my money so desperately, they would produce it.

Why is it credible that they would pawn my promise to pay ?.....Because they are in the business of producing money.

I pull a note out of my wallet and it says "we promise to pay the bearer on demand".....they printed it and signed it....it has no value....my £5 note is only worth another £5 note.....but to them, my promise to pay is worth 10x.....
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Re: Equity, Fake Money and Exchanges

Postby boo boo » Mon Nov 23, 2009 11:25 pm

huntingross wrote:I have asked the Credit Card company to send me the Agreement....they didn't

I asked them to send it again.....they still didn't

So I asked them again.....still nothing.....not even a copy.

So I conclude they don't have my Agreement....so where is my promise to pay ?

I figure if they want my money so desperately, they would produce it.

Why is it credible that they would pawn my promise to pay ?.....Because they are in the business of producing money.

I pull a note out of my wallet and it says "we promise to pay the bearer on demand".....they printed it and signed it....it has no value....my £5 note is only worth another £5 note.....but to them, my promise to pay is worth 10x.....



It actually says fine Turkish cymbals on my cymbals but there made in America,

That still doesn't prove that your signature created the money,

Ill swear by affidavit that ive lost the agreement,so to squash it are you prepared to rebut my affidavit with 1 of your own?
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Re: Equity, Fake Money and Exchanges

Postby huntingross » Mon Nov 23, 2009 11:55 pm

It actually says fine Turkish cymbals on my cymbals but there made in America,
Prove it.....

I'd be happy for my bank to write anything on a piece of paper (well anything that resembled a sentence).....I have had nothing but warm words about "my complaint"

If they swore in an affidavit that they had lost it....I would call that progress....but they haven't and they won't.

They don't have the original or (so far) a copy.....

I don't know why you find it hard (or worthwhile) to question the promissory note.....If I gave you a promissory note, would you not go and buy something with it, or invest it ?
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