of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities, states and nation. At the head is a small group of banking houses... This little coterie...run our government for their own selfish ends. It operates under cover of a self-created screen...seizes...our executive officers...legislative bodies...schools...
courts...newspapers and every agency created for the public protection.”
N.Y. Mayor, John Hylan
In your credit card debt elimination search, it’s vital for you to understand how your debt was created by the banks. Then you’ll know why you want to eliminate your debt as quickly as possible.
Let’s start by looking at an example scenario: Suppose you had a friend who always seemed to have money. So, when your car breaks down, he offers to lend you $1000 to get it fixed, provided you pay him back with interest.
You agree, fix your car, and pay him back over a few months. Then, when you need help with a house down-payment, he offers to lend you $20,000 plus interest. You agree, move in to your new home, and begin making principal and interest payments to your friend.
(Hold tight, in a moment, you’re going to be ecstatic that your credit card debt elimination search brought you to this very page)
Next, you hear the amazing news that your friend has just been arrested for counterfeiting money. No wonder he could help you so easily, he was just printing the stuff up!
How do you feel about your friend? Are you happy that not only was he getting rich off the interest you were paying him, but also off the whole PRINCIPAL amount he lent you?
Hold that thought as you learn how the banking system that has done the same thing
to entrap you into a lifetime of debt slavery.
At the top of the banking system is the Federal Reserve, the fraudulent United States Central Bank. The Fed doesn’t need to have a trillion dollars to lend the Government, nor do they have it, anyway. They simply create it, via a bookkeeping entry. They then write a check to the U.S. Government as the loan in exchange for U.S. Bonds. The U.S. Government banks at the Federal Reserve Bank, so cashing this check is very easy to do.
Military, postal, court, and other Federal employees are paid by the Government with this newly created money. These employees get the money into the U.S. economy when they go to their local commercial bank and deposit their paychecks.
Through Fractional Reserve Banking, each commercial bank deposits their customers’ newly deposited money at their local Federal Reserve Bank and the Reserve Bank allows the commercial bank to issue up to 33 times more “newly created” money, some of which is used to cover the customers’ initial deposit.
When you sent in your last credit card application, (let’s say it was Chase & they lent you $20,000) all they did was stamp the back with, “Pay $20,000 to the order of Chase”. This changed your application into a promissory note, which Chase deposited at their local Federal Reserve Bank. This newly created “money” represents a 3% fraction of what any commercial bank may now create. All of a sudden, Chase has $670,000 minus the original $20,000 to do whatever they want with!
Your application (promissory note) funded the supposed loan to you. The bank keeps your asset (the promissory note) and also gets an additional $650,000 added to their coffers. All this money was just created out of nothing through simple bookkeeping entries between the bank and the Federal Reserve. This is a fraudulent system where you pay back principal and interest to someone who never had the principal to begin with!
As you began your credit card debt elimination search, you most likely had no idea how this fraudulent banking system had tricked you. But, think back to the original scenario we started this credit card debt discussion with: what did you think about your counterfeiting friend? Did you feel cheated after learning he had just printed up your cash and charged you interest on, essentially, nothing?
Your banks are doing the exact same thing to you right now. At this very moment you’re in possession of credit card statements demanding principle and interest from you. This money was counterfeited into existence by a banking system preying on the ignorance and apathy of the American public.
You’ve conducted your credit card debt elimination search and you’ve discovered the truth behind your debt agony. You have two choices: you can continue to be taken advantage of by ignoring this well-researched advice or you can do something about the scam you’ve been tricked into.
Make your credit card debt elimination search worth it. Contact us and find out how we can quickly and easily help you legally eliminate your debts. Do it now. Get out from under your payments once and for all.
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