Posts Tagged ‘bankers’

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Testimony of a Banker

The banker was placed on the witness stand and sworn in. The plaintiff’s (borrower’s) attorney asked the banker the routine questions concerning the banker’s education and background.

The attorney asked the banker, “What is court exhibit A?”

The banker responded by saying, “This is a promissory note.”

The attorney then asked, “Is there an agreement between Mr. Smith (borrower) and the defendant?”

The banker said, “Yes.”

The attorney asked, “Do you believe the agreement includes a lender and a borrower?”

The banker responded by saying, “Yes, I am the lender and Mr. Smith is the borrower.”

The attorney asked, “What do you believe the agreement is?”

The banker quickly responded, saying, ” We have the borrower sign the note and we give the borrower a check.”

The attorney asked, “Does this agreement show the words borrower, lender, loan, interest, credit, or money within the agreement?”

The banker responded by saying, “Sure it does.”

The attorney asked, `”According to your knowledge, who was to loan what to whom according to the written agreement?”

The banker responded by saying, “The lender loaned the borrower a $200,000 check. The borrower got the money and the house and has not repaid the money.”

The attorney noted that the banker never said that the bank received the promissory note as a loan from the borrower to the bank.She asked, “Do you believe an ordinary person can use ordinary terms and understand this written agreement?”

The banker said, “Yes.”

The attorney asked, “Do you believe you or your company legally own the promissory note and have the right to enforce payment from the borrower?”

The banker said, “Absolutely we own it and legally have the right to collect the money.”

The attorney asked, “Does the $200,000 note have actual cash value of $200,000? Actual cash value means the promissory note can be sold for $200,000 cash in the ordinary course of business.”

The banker said, “Yes.”

The attorney asked, “According to your understanding of the alleged agreement, how much actual cash value must the bank loan to the borrower in order for the bank to legally fulfil the agreement and legally own the promissory note?”

The banker said, “$200,000.”

The attorney asked, “According to your belief, if the borrower signs the promissory note and the bank refuses to loan the borrower $200,000 actual cash value, would the bank or borrower own the promissory note?”

The banker said, “The borrower would own it if the bank did not loan the money. The bank gave the borrower a check and that is how the borrower financed the purchase of the house.”

The attorney asked, “Do you believe that the borrower agreed to provide the bank with $200,000 of actual cash value which was used to fund the $200,000 bank loan check back to the same borrower, and then agreed to pay the bank back $200,000 plus interest?”

The banker said, “No. If the borrower provided the $200,000 to fund the check, there was no money loaned by the bank so the bank could not charge interest on money it never loaned.”

The attorney asked, “If this happened, in your opinion would the bank legally own the promissory note and be able to force Mr. Smith to pay the bank interest and principal payments?”

The banker said, “I am not a lawyer so I cannot answer legal questions.”

The attorney asked, ” Is it bank policy that when a borrower receives a $200,000 bank loan, the bank receives $200,000 actual cash value from the borrower, that this gives value to a $200,000 bank loan check, and this check is returned to the borrower as a bank loan which the borrower must repay?”

The banker said, “I do not know the bookkeeping entries.”

The attorney said, “I am asking you if this is the policy.”

The banker responded, “I do not recall.”

The attorney again asked, “Do you believe the agreement between Mr. Smith and the bank is that Mr. Smith provides the bank with actual cash value of $200,000 which is used to fund a $200,000 bank loan check back to himself which he is then required to repay plus interest back to the same bank?”

The banker said, ” I am not a lawyer.”

The attorney said, “Did you not say earlier that an ordinary person can use ordinary terms and understand this written agreement?”

The banker said, “Yes.”

The attorney handed the bank loan agreement marked “Exhibit B” to the banker. He said, “Is there anything in this agreement showing the borrower had knowledge or showing where the borrower gave the bank authorisation or permission for the bank to receive $200,000 actual cash value from him and to use this to fund the $200,000 bank loan check which obligates him to give the bank back $200,000 plus interest?”

The banker said, “No.”

The lawyer asked, “If the borrower provided the bank with actual cash value of $200,000 which the bank used to fund the $200,000 check and returned the check back to the alleged borrower as a bank loan check, in your opinion, did the bank loan $200,000 to the borrower?”

The banker said, “No.”

The attorney asked, “If a bank customer provides actual cash value of $200,000 to the bank and the bank returns $200,000 actual cash value back to the same customer, is this a swap or exchange of $200,000 for $200,000.”

The banker replied, “Yes.”

The attorney asked, “Did the agreement call for an exchange of $200,000 swapped for $200,000, or did it call for a $200,000 loan?”

The banker said, “A $200,000 loan.”

The attorney asked, “Is the bank to follow the Federal Reserve Bank policies and procedures when banks grant loans.”

The banker said, “Yes.”

The attorney asked, “What are the standard bank bookkeeping entries for granting loans according to the Federal Reserve Bank policies and procedures?” The attorney handed the banker FED publication Modern Money Mechanics, marked “Exhibit C”.

The banker said, “The promissory note is recorded as a bank asset and a new matching deposit (liability) is created. Then we issue a check from the new deposit back to the borrower.”

The attorney asked, “Is this not a swap or exchange of $200,000 for $200,000?”

The banker said, “This is the standard way to do it.” The attorney said, “Answer the question. Is it a swap or exchange of $200,000 actual cash value for $200,000 actual cash value? If the note funded the check, must they not both have equal value?”

The banker then pleaded the Fifth Amendment.

The attorney asked, “If the bank’s deposits (liabilities) increase, do the bank’s assets increase by an asset that has actual cash value?”

The banker said, “Yes.”

The attorney asked, “Is there any exception?”

The banker said, “Not that I know of.”

The attorney asked, “If the bank records a new deposit and records an asset on the bank’s books having actual cash value, would the actual cash value always come from a customer of the bank or an investor or a lender to the bank?”

The banker thought for a moment and said, “Yes.”

The attorney asked, “Is it the bank policy to record the promissory note as a bank asset offset by a new liability?”

The banker said, “Yes.”

The attorney said, “Does the promissory note have actual cash value equal to the amount of the bank loan check?”

The banker said “Yes.”

The attorney asked, “Does this bookkeeping entry prove that the borrower provided actual cash value to fund the bank loan check?”

The banker said, “Yes, the bank president told us to do it this way.”

The attorney asked, “How much actual cash value did the bank loan to obtain the promissory note?”

The banker said, “Nothing.”

The attorney asked, “How much actual cash value did the bank receive from the borrower?”

The banker said, “$200,000.”

The attorney said, “Is it true you received $200,000 actual cash value from the borrower, plus monthly payments and then you foreclosed and never invested one cent of legal tender or other depositors’ money to obtain the promissory note in the first place? Is it true that the borrower financed the whole transaction?”

The banker said, “Yes.”

The attorney asked, “Are you telling me the borrower agreed to give the bank $200,000 actual cash value for free and that the banker returned the actual cash value back to the same person as a bank loan?”

The banker said, “I was not there when the borrower agreed to the loan.”

The attorney asked, “Do the standard FED publications show the bank receives actual cash value from the borrower for free and that the bank returns it back to the borrower as a bank loan?”

The banker said, “Yes.”

The attorney said, “Do you believe the bank does this without the borrower’s knowledge or written permission or authorisation?”

The banker said, “No.”

The attorney asked, “To the best of your knowledge, is there written permission or authorisation for the bank to transfer $200,000 of actual cash value from the borrower to the bank and for the bank to keep it for free?

The banker said, “No.”

The attorney said, Does this allow the bank to use this $200,000 actual cash value to fund the $200,000 bank loan check back to the same borrower, forcing the borrower to pay the bank $200,000 plus interest? “

The banker said, “Yes.”

The attorney said, “If the bank transferred $200,000 actual cash value from the borrower to the bank, in this part of the transaction, did the bank loan anything of value to the borrower?”

The banker said, “No.” He knew that one must first deposit something having actual cash value (cash, check, or promissory note) to fund a check.

The attorney asked, “Is it the bank policy to first transfer the actual cash value from the alleged borrower to the lender for the amount of the alleged loan?”

The banker said, “Yes.”

The attorney asked, “Does the bank pay IRS tax on the actual cash value transferred from the alleged borrower to the bank?”

The banker answered, “No, because the actual cash value transferred shows up like a loan from the borrower to the bank, or a deposit which is the same thing, so it is not taxable.”

The attorney asked, “If a loan is forgiven, is it taxable?”

The banker agreed by saying, “Yes.”

The attorney asked, “Is it the bank policy to not return the actual cash value that they received from the alleged borrower unless it is returned as a loan from the bank to the alleged borrower?”

The banker replied “Yes”.

The attorney said, “You never pay taxes on the actual cash value you receive from the alleged borrower and keep as the bank’s property?”
“No. No tax is paid.”, said the crying banker.

The attorney asked, “When the lender receives the actual cash value from the alleged borrower, does the bank claim that it then owns it and that it is the property of the lender, without the bank loaning or risking one cent of legal tender or other depositors’ money?”

The banker said, “Yes.”

The attorney asked, “Are you telling me the bank policy is that the bank owns the promissory note (actual cash value) without loaning one cent of other depositors’ money or legal tender, that the alleged borrower is the one who provided the funds deposited to fund the bank loan check, and that the bank gets funds from the alleged borrower for free?

Is the money then returned back to the same person as a loan which the alleged borrower repays when the bank never gave up any money to obtain the promissory note?

Am I hearing this right? I give you the equivalent of $200,000, you return the funds back to me, and I have to repay you $200,000 plus interest? Do you think I am stupid?”

The banker, In a shaking voice the banker cried, saying, “All the banks are doing this. Congress allows this.”

The attorney quickly responded, “Does Congress allow the banks to breach written agreements, use false and misleading advertising, act without written permission, authorisation, and without the alleged borrower’s knowledge to transfer actual cash value from the alleged borrower to the bank and then return it back as a loan?”

The banker said, “But the borrower got a check and the house.”

The attorney said, “Is it true that the actual cash value that was used to fund the bank loan check came directly from the borrower and that the bank received the funds from the alleged borrower for free?”

The banker, “It is true”, said the banker.

The attorney asked, “Is it the bank’s policy to transfer actual cash value from the alleged borrower to the bank and then to keep the funds as the bank’s property, which they loan out as bank loans?”

The banker, showing a wince of regret that he had been caught, confessed, “Yes.”

The attorney asked, “Was it the bank’s intent to receive actual cash value from the borrower and return the value of the funds back to the borrower as a loan?”

The banker said, “Yes.” He knew he had to say yes because of the bank policy.

The attorney asked, “Do you believe that it was the borrower’s intent to fund his own bank loan check?”

The banker answered, “I was not there at the time and I cannot know what went through the borrower’s mind.”

The attorney asked, “If a lender loaned a borrower $10,000 and the borrower refused to repay the money, do you believe the lender is damaged?”

The banker thought. If he said no, it would imply that the borrower does not have to repay. If he said yes, it would imply that the borrower is damaged for the loan to the bank of which the bank never repaid. The banker answered, “If a loan is not repaid, the lender is damaged.”

The attorney asked, “Is it the bank policy to take actual cash value from the borrower, use it to fund the bank loan check, and never return the actual cash value to the borrower?”

The banker said, “The bank returns the funds.”

The attorney asked, “Was the actual cash value the bank received from the alleged borrower returned as a return of the money the bank took or was it returned as a bank loan to the borrower?”

The banker said, “As a loan.”

The attorney asked, “How did the bank get the borrower’s money for free?”

The banker said, “That is how it works.”

. . . And so it is!

” You don’t get a mathematically Perfected Economy™ from snake oil salesmen you get division “

Source

Modern Money Mechanics, A Workbook on Bank Reserves and Deposit Expansion, by the Federal Reserve Bank of Chicago ( see Page 6, Paragraph 6 )

” What they do when they * banks/money changers * make alleged loans is to accept promissory notes or the “ alleged borrower’s ” promissory note in exchange for credits to the alleged borrower’s transaction account (s). Alleged loans / assets and deposits / liabilities both rise by the amount of the alleged loan. “

( alternate link for Modern Money Mechanics )

Mathematically Perfected Economy ( Interbank Lending )

CONCLUSION;

One could argue the only consideration the bank risks is the mere cost of publication, which is the mere cost to publish a further representation, ( bank money or credit ) , that evidences the former issuance of one of our promissory obligations or notes, which would, then, amount to about $2 to publish $200,000 the obligor, or the alleged borrower creates by their signature issuing a promissory obligation, before the banks book entry ,

Where they, the “banks, money changers” give up no consideration commensurable, or equal, to the debt they unjustly falsify to themselves , however the local bank uses the alleged borrowers credit worthiness or the only lawful consideration given up by the obligor, which is the alleged borrowers promissory note to , then,

Borrow money from a central bank who in turn then publishes a further representation, which is a purposed misrepresentation of the former contractual obligation, or misrepresentation of the obligors issuance of a promissory note so as to then allegedly loan a further representation or a misrepresentation , ( bank money , credit ) to the alleged borrower.

The $2 the bank may give up is redeemed in a fraction of the first loan repayment by the alleged borrower.

The interest the central bank charges to the local bank ,( using the obligor’s or alleged borrowers consideration to publish the bank money ), is always lower than what the local bank charges on an alleged loan to the obligor, or alleged borrower, thus, the difference in interest rates is the local banks unearned profit , or unjust reward for stealing, & laundering circulation, ( principal & interest ), into the hands of the central banking system .

Both the central bank, & the local banks risk nothing of their own really , the local banks always use ” the alleged borrowers consideration or our promissory notes, promissory obligation ”. ( not their own consideration ) , to borrow money that we the people always create upon conception.

No new money ever comes into existence, not until, one of us issues a promissory obligation first , thus the bank money, or ANY representation did not even exist, not until an alleged borrower walks into a bank , ( money laundering office ) ,& signs a promissory obligation FIRST.

Source:

https://australia4mpe.wordpress.com/category/testimony-of-a-banker-about-a-foreclosure/

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http://www.paoweb.com/sn111213.htm

2 Cimi, 9 Xul, 10 Caban

Selamat Bratzo! (Sirian for “Be in Satisfaction!”) Numerous events are merging so that truly exciting things can manifest. The two most important items are the new governance and the prosperity deliveries. We are working diligently to effect these changes. Those in charge of these projects realize that the present state of your many global societies and the near collapse of your global financial system can no longer be tolerated. The excesses of the world’s major banks still continue. They have even outstripped the events leading up to the financial collapse of 2008. In addition, the areas of corruption now include basically all stock and commodity markets. Massive “price fixing” is so common and the degree of ill-gotten gains so massive that something quite drastic needs to be done. Our Earth allies know what must now occur. It is time to “drop the hammer” and put a quick end to these illegal manipulations. It is time as well for a massive redistribution of wealth on this world. Things long delayed must now come to pass.

   We have discussed with you the vital nature of “right divine time.” In our opinion that time has arrived. Not only are the dark ones busily attempting to discover every way to enrich themselves, but your governments are also in collusion with the lot of them! The degree of global mismanagement and avarice is thus at an all time high. These dark co-conspirators somehow feel that in their last days they must break records for sheer arrogance and unbelievable schemes to stay in power. The degree of global criminal activity has indeed reached its zenith. This is why we have told our Earth allies that the moment has come for action. You are all suffering needlessly. The constant daily pain and anguish that you endure requires immediate cessation. A massive intervention on your behalf is necessary. We therefore continue to ask for this. This is ready to happen and we intend to force your fellows to do so as swiftly as possible!

   The degree of preparation required to replace the current governance and institute a new global financial system has been a long and tedious operation. The dark cabal fought us as we began to assemble the parts that will become the new financial system. Our earthly allies helped to gain the legal successes needed. We helped to secure the hidden gold reserves that are the current backbone of a new monetary system. Presently, we are completing procedures required for a swift and smooth governmental transition. In short, the dark cabal has been overcome. What we desire is for all this diligent and resourceful work to manifest the start of your new reality. For 13 millennia, you have watched generation after generation fail to break free from the yoke of oppression and servitude instituted by the dark. This oppression must now be transformed into your freedom, prosperity and personal sovereignty. These things are our highest objective for you!

   Both full consciousness and disclosure need to happen. You are at a point in time where you are to grow in consciousness and accept a new Light-filled reality. Events have been occurring since mid-October that will facilitate these lofty goals. We are pushing to allow those items in possession of our earthly allies to manifest. As we stated earlier, you have been forced to accept all the continued abuse and lies that the dark cabal and its aligned corporations have thrown your way. This is no longer acceptable. In fact, there is a violent underground revolutionary movement growing that the dark hopes to co-opt so it can continue its time in power. Hence, it is even more essential that the present Light-sponsored non-violent change manifest. We have infiltrated this violent movement, as have the dark. We wish to avoid this violent revolution.The time comes to manifest a new reality!

   Blessings! We are your Ascended Masters! We come with some information that concerns the current status of this globe. Right now, various members of our secret sacred societies are completing events that will lead to the manifestation of new governance and your prosperity. Meanwhile a special committee has set programs in action to end global corruption and permit a general prosperity for this tortured world. We are pledged to reveal a number of divine teachings that will set straight the various lies, misinformation and manipulations of truths that mark the foundational works of this world’s major philosophies. These lessons are simply to prove the great unity of thought that exists at the core of the many philosophies. Our sacred work will prepare the way for your return to full consciousness and for your meetings with your spiritual and space families.

   We are truly blessed by Heaven. The grand administrations that look over us have granted a series of dispensations, allowing us to acknowledge a number of truths that were denied you first by the Anunnaki and then by the dark cabal. A grand conspiracy has prevented you from understanding the nature of who you are and the collective power that you have to alter the very nature of this reality. We, along with the cetacean nation, govern this world and do what we can to steward the numerous ecosystems found here. This task is made harder by the constant violations of the dark cabal. Hence, the time comes to change this and permit Heaven’s ways to become our own. A new set of ecosystems will emerge on this surface realm once the shift in consciousness is completed.

   This great shift in consciousness will be the first blessed step that resets Gaia. In doing so, it will set up a chain reaction to dramatically alter this entire solar system. We have a sacred task to be the blessed guardians of this new realm, and to use our newly refound connections to the divine to carry out an unfolding of the divine plan in this physical sector. Our divine task remains to supervise these glorious activities and reestablish your direct connections to the governing administrations of Heaven. In this grand Light, we are to operate and spread this divine Light throughout the length and breadth of this Milky Way Galaxy. This means under the edicts of Heaven and the Galactic Federation, we will teach and assist all to achieve full consciousness. We will also have major conclaves to assist physicality.

Today, through our brief message, we explored what is happening in this world. We receive reports from both the first contact team’s representatives and the Ascended Masters. We do this to give you a better sense of how close all of you are to events that will alter this present reality. Know, dear Ones, that the countless Supply and never-ending Prosperity of Heaven are indeed Yours! So Be It! Selamat Gajun! Selamat Ja! (Sirian for Be One! and Be in Joy!)

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Additional Reading:

https://angellucci.wordpress.com/2013/11/26/heather-tucci-jarraf-absolute-transparency-of-what-is-the-structure-of-a-value-bond-with-routing-numbers-for-the-usa/

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Bankers Working with Eternal Essence room

==================
MY QUESTIONS FOR HEATHER…
But first, I am REPOSTING some EXCERPTS from above:

HeatherAnnTucciJarraf1816x475. .

WHY ME? / If not me, Who?
/ QUOTE /
I have been fascinated with this “movement” for a long time.  I have probably listened to well over 100 hours of podcasts, and done a great deal of reading about this story, and even read several UCC filings.  It has been obvious to me for sometime that something or someone was missing from the OP team.  I have been waiting for someone to step forward and ask the hard questions, and point out some of the half-truths as are commonly expressed here.

When I heard the recent OP podcast where BZ spoke about how she was going to approach banks, it was obvious to me (from my background in banking), that this approach was not going to work… Given the stakes, I decided to step forward, and ask the very questions that I was waiting for someone else to ask.
/ UNQUOTE – Henry /
. .
Heather has invited me to ask Questions
/ QUOTE /
Henry O’leary (your role/real name is not important)….thank you, Love.  I get that you do not want to play transparently…youl still get all the questions answered…by a co-ordinated co-operation that has been rolling out visibly, Love.
: Good night, Loves!
/ UNQUOTE – HeatherAnnTucciJarraf .
. .
To which, I responded:
/ QUOTE /
Hi Heather,
I think I have been as transparent as most here, apart from not being willing to reveal my name and details of past employment – for reasons I have given.  Are YOU willing to to take next step?
/ UNQUOTE /
. .
No Response has come from Heather (yet),
So I suppose I should be the one to Take the Next Step, regarding Questions.
. .
So that’s the Background, and Here they are …
QUESTIONS as Originally posted on the 5d-Chat
. .
HARD QUESTIONS : for The One People Forum on 5d
===========================================

+ VALUE : Why does the OP talk about $5 Billion per person when $300 Trillion Global Tangible wealth (on the planet) divided by 7 Billion people is less than $50,000 per person?

+ NON-NEGOTIABILITY : What do you expect the the first bank to do with a deposited COV, when no other banks have yet accepted them in exchange for cash?

+ WHY NO EXPERTS: If banking really worked the way we have heard about on OP podcasts, why does not one single banking expert talk that way, including the many critics of big banking and the Fed?

+ LENDING SLOWDOWN: … And why has bank lending ground to a halt in 2013, if making loans is such an easy and profitable business for banks?

+ EXCHANGES: Getting two people to agree on what is a fair “exchange for value” can be difficult and slow. Won’t our complex economy grind to a halt if the existing pricing mechanism is destroyed, and a new one has to be created and negotiated?

+ DIRTY JOBS: Many think that local currencies creating and using their own local currencies is the answer. But if you look at the history of Utopian communities, these usually fall apart because it is hard to find people willing to do the regular dirty jobs that someone needs to do – these can be removing garbage, or washing dishes.
How will OP’s vision tackle these jobs?

+ NO BANKS: In a world without banks, how will people come up with the value for expensive capital items, such as a house? If it represents 20 years of savings, then people will need a reliable and safe way to store savings while they are waiting. If not banks, what then?
===
> see: http://z13.invisionfree.com/HARD_Qs/index.php?showtopic=1
========================
[6:06:12 AM] HeatherAnnTucciJarraf .: + VALUE : Why does the OP talk about $5 Billion per person when $300 Trillion Global Tangible wealth (on the planet) divided by 7 Billion people is less than $50,000 per person?

HEATHER:  this is where your stated experience and levels in derivatives is so interesting, yes?…depends on whether you consider the totality of data, not one piece missing, vs.  data consciously selected from all data in order to support an econimic structure/agenda, yes?
1.  there is reportedly over 1.2 Quadrillion of derivatives (if one google’s derivatives you will find many references from finance journals, congressional hearings, etc. but here is one http://www.dailyfinance.com/2010/06/09/risk-quadrillion-derivatives-market-gdp/ ) …and that is just what is “on book” without transparency of “off book” amounts…I AGREE WITH A STATEMENT THAT THERE IS MUCH MORE DATA THEN IS BEING FOCUSED ON…Henry, would you be willing to explain how derivatives market ALONE, not even considering any of the other markets, can be sooooo much larger than Global GDP…what value base are they using and what are the formulas to get to the numbers (on book at least) that they are selling?  (this opens the door to the Insurance scheme of multiple policies issued for greater than the asset “covered”, which is illegal by former laws…that appeared to bring AIG down yet was the greatest robbery in history….because their national/international data base was consciously designed to not catch the multiple policies issue upon entry of policy…only upon entry of CLAIM on policy…which led to the actual robbery operating under the guise of BAILOUT.)
2.  Re-read the filings…they actually state 5 billion in equity paid in “lawful money of The United States of America” (gold and silver pre1933)…if one goes to read ANY purported “promissary note” for a purported loan all contain a statement that the signatory admits to receiving a loan of [enter FRN amount] which they agree to repay in “lawful money of The United States of America” (gold and silver)…GOLD AND SILVER pre1933… (promissory forms were last created/revised by FANNY MAE in 1985, if memory serves correctly, for the whole banking industry….BIG BANK/FANNY MAE EXECS CREATED MERS AT THE SAME MOMENT, but tested it for approximately 10 years before its launch in 1995…Marie McDonald (forensics fraud mortgage examiner is an excellent resource to speak with…lovely being who was behind the Albinez supreme court Amicus Curie…I worked with her during her moment of transparently auditing Mass. County records…75%+ titles examined were fraud.)  As all local currencies are only able to issue based on the amount of FRN’s deposited in their central banks (EURODOLLAR = a dollar deposited in a European bank…. http://thelawdictionary.org/eurodollar/ )…which is why the purported BAILOUT MONEY FED RESERVE PAID OUT TO MANY BANKS, CORPORATIONS, ETC OVERSEAS …and which in issuing local currencies from central banks based on the amount of FRN’s is why they all subscribed under the “all debts are payable in lawful money of The United States of America” (gold and silver)…its all in the filings, Love.
3.  DO the calculation now of 5 Billion lawful money of The United States of America, pre1933 gold and silver per the filings ;)…what DO you SEE, Love?
4.  I love the fact that you state you were in high level derivatives…you should be able to shine absolute light on the inconsistencies and probably one of the greatest shadow department of banking….other than the “Loan and Original Issue Discount mechanisms”…then again the Federal Reserve did a great job at explaining everything in MODERN MONEY MECHANICS…I’ll post a copy after this post (heart)

+ NON-NEGOTIABILITY : What do you expect the the first bank to do with a deposited COV, when no other banks have yet accepted them in exchange for cash?

HEATHER:  This is where your stated experience as high level banker is so valuable, Love….you have the opportunity to show what your “world” does not want seen or focus on…what negotiable vs. non-negotiable means and how the “conversion” process actually works, yes?:
1.  APPLICATIONS for conversion (exchange for current funds) is done all the time…the conversion is cleverly templated (by Fannie/banks as stated above)the promissory note is a declaration of value, cleverly coupled with the “swap” of loan issuance (FRN’s) for “lawful money of The United States of America”, and the OID (Original Issue Discount is done and issued (IRS holds those records)…AGAIN, read MODERN MONEY MECHANICS or the many other resources of data that are issued by the system itself…NOTICE IS A MANDATORY REQUIREMENT…hence, the requirement of distraction so that the NOTICE is not….noticed (chuckle)(heart)
2.  In every application for a bank account, credit card, loan/deed of trust, etc., there is a clever Agent Clause/Accomodation Clause…making the bank a signatory agent for the purported “applicant” so that the bank can hide the entire conversion process from the one who actually holds the value…that is why the bank can accept the “Original Issue Discount” federal reserve notes that are exchanged for the original value and placed in an account in the bank under the applicants name, which the bank, per the Agent/Accomodation Clauses can then accept “on behalf of the client”/”as the client” and transfer to another account which is presented to the client as “loan account”…AGAIN …MODERN MONEY MECHANICS, and many other sources from within the system cover all this.
3.  “Negotiable” is required for the banks to leverage, derive, or to permit the “global” conversions, assignments, derivatives, leverages, etc.
4.  “Non-negotiable”…it is what it is and it ain’t no more than what it is stated to be…and only the issuer has the power…not any agent/accomodation maker…..the issuer would have to have all material facts in order for the instrument issued to have value…but that is not how the former system was.
5.  To accept “Non-Negotiable” instrument would mean all material facts have to be disclosed and all operations transparent with knowing, willing and intentional consent by issuer….very different than the former system, yes?
6.  The mission of the former systems was to successfully fail so that all could succeed, not one inbodyment left behind.  That mission is complete.

+ WHY NO EXPERTS: If banking really worked the way we have heard about on OP podcasts, why does not one single banking expert talk that way, including the many critics of big banking and the Fed?

HEATHER:  They have….multiple moments over….William Black ( (inlove) ), Congressman Bernard (Congressional Bernard hearings regarding S&L scandal…remember that?), Walker Todd, and many others….are you listening to what they actually are saying/have said, Love?

+ LENDING SLOWDOWN: … And why has bank lending ground to a halt in 2013, if making loans is such an easy and profitable business for banks?

HEATHER:  (chuckle) … because all the original value and depositories (the people) were duly secured and returned….what happens in contracts (this is where your ship financing and overall banking experience should benefit soooo many here ;)), inclusive of contracts for a purported loan when all material facts are not disclosed? (heart)
[6:06:30 AM] HeatherAnnTucciJarraf .: + EXCHANGES: Getting two people to agree on what is a fair “exchange for value” can be difficult and slow. Won’t our complex economy grind to a halt if the existing pricing mechanism is destroyed, and a new one has to be created and negotiated?

HEATHER:  when a pricing mechanism, and the funding mechanism it is based on, is not completely disclosed to begin with resulting in a fraud…was it “destroyed” at inception and implementation? …hence transparency only makes visible what all ways IS.

+ DIRTY JOBS: Many think that local currencies creating and using their own local currencies is the answer. But if you look at the history of Utopian communities, these usually fall apart because it is hard to find people willing to do the regular dirty jobs that someone needs to do – these can be removing garbage, or washing dishes.
How will OP’s vision tackle these jobs?

HEATHER:  hhhhmmm…interesting, yes?  The advanced technologies that have been buried in order to maintain people paying energy into distraction, like removing garbage, or washing dishes, etc…..the “invention” of the dishwashing machine/clothes washing machine was about as far as they were to release….that is why the cookers were buried too…old “new tech” 😉 (the tech that burns the garbage back to their base elements, like the total of all used rubber tires that can be cooked back to base elements and provide the same amount of oil that Venezuela was importing to the US back in 2009…and that doesn’t even address the value of the other base elements that come out of those “tires” that are worth more on the market than oil)

….I won’t even get into the advantage of human tech…which makes those “dirty jobs” you speak of irrelevant…yet. :*

+ NO BANKS: In a world without banks, how will people come up with the value for expensive capital items, such as a house? If it represents 20 years of savings, then people will need a reliable and safe way to store savings while they are waiting. If not banks, what then?

…..for all that Jimmy Carter has done, one of the DO’ings I love the most has been his Habitat for Humanity…and when HH leaves a community, are you conscious that many of the community continue to build homes using no money?…that’s until Green Peace and USAID put a stop to it (rofl)(heart)

….the real value the banks have produced is NOW visible….to make transparent the eternal value of all inbodyments of I….The banks have served their purpose and it is the moment for all inbodyments to repurpose….the banks operated by the energy of the inbodyments within them DO’ing…and they survived by the energy of the inbodyments that believed that banks actually produced the “value”…what DO you SEE NOW, Love?
[6:07:10 AM] HeatherAnnTucciJarraf .: Here is another great question Henry that I am curious about I keep hearing they TBTB are running out of money I would love to have more information on that and  have some way to veify this other then someone said so.[6:04 AM] HeatherAnnTucciJarraf .:

<<< Seriously, Love?  Really, Mark?  I love you! (heart)

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Posted from:
http://americankabuki.blogspot.com/2013/08/banksters-going-to-jail.html

Logic Before Authority YouTube Channel
http://www.youtube.com/user/LogicBeforeAuthority?feature=watch

The foreclosure on the international banks and the corporate governments in our world changes everything on Planet Earth. In a nutshell, it removes the concept of limited liability by which the actors in the corporations could theoretically shield themselves from accountability. That immunity has been stripped away by the One People’s Public Trust. All the bankers, politicians, CEOs and other humans playing authority-figure roles in the corporate structure now stand naked before the world, giving new meaning to the phrase: the emperor has no clothes. Indeed, and they have no actual authority either, except what people give them through ignorance.

Ron Van Dyke

Ron hit the nail right on the head in this video!  Enjoy…

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““The love of money is the root of all evil,” (1 Timothy 6:10). I am not a religious man; a fanatic or philosopher by any stretch of the imagination and yet I admire how prophetic and profound this phrase has proven to be, as evidenced by mans excessive love for money; possessions and the political and moral history of human civilization.

Ironically, the only thing that money cannot buy is poverty, but then who wants poverty? You can’t give it away and yet excessive wealth is responsible for all of it and much more. It’s almost paradoxical!”
— Judge Dale

http://removingtheshackles.blogspot.ca/2013/01/and-rest-will-take-care-of-itself.html