Private Wealth – Debt Removal Secrets

Wishing to COMPREHEND THE REASON BEHIND The “Alleged Debt” NEVER Being Owed?

Upon your approval for a credit card account, you are furnished with a plastic card and a credit limit. As you make expenditures using this card, the bank or card issuer endeavors to persuade you that they have extended a loan to facilitate your spending. However, this assertion is far from accurate! Banks are prohibited from lending money from either their assets or the assets of their depositors. Furthermore, it is strictly against the law to lend credit.

“A national bank possesses no authority to extend its credit to any individual or entity…” (Bowen v. Needles Nat. Bank, 76 F. 176, 1896), with certiorari denied in 20 S.Ct 1024, 176 US 682, 44 LED 637.

This includes other notable cases such as: First National Bank of Charlotte v. National Exchange Bank of Baltimore, 92 US 122, 128 (1875); and California Bank v. Kennedy, 167 U.S. 362 (1897); and Concord First National Bank v. Hawkins, 174 U.S. 364 (1899). The National Bank Act of 1864 and the National Banking Act of 1933 enable anyone to locate all the regulations that explicitly state that these financial institutions are not permitted to lend money from their assets or the assets of their depositors. Supreme Court case law has consistently decreed that these financial institutions are incapable of lending their credit.

Hence, given the fact that banks cannot lend money or credit, what exactly are they extending?

The answer is NOTHING! What occurs is that the credit card agreement bearing your signature transforms into a negotiable instrument. Your signature imbues it with energy and value. Title 12 instructs banks to treat negotiable instruments as CASH.

Whose cash, you ask? It’s your cash. In the realm of accounting, a bank categorizes it as a “cash equivalent,” implying that YOU FUNDED THE ACCOUNT! The instrument bears your signature, and thus, you are its rightful owner. Nevertheless, this fact is NEVER disclosed. In reality, you are effectively extending a loan to the bank, even though they employ deceitful tactics to convince you otherwise, disregarding the fact that you are the actual lender.