- Bank Loans
- 26/12/2015 Make a Comment
- Contributed by: Mick ( 3 articles in 2015 )
The controversy is over which banking system to use. There are two. The following are the basics.
Tom Schauf believes we should use the following banking system.
The Government prints United States Notes or gold or silver coins.
If the government needs $1 billion to build a road, the government prints $1 billion and uses the money to pay for the road.
The taxpayers incur no debt and no tax and everyone equally benefits using the road.
You work and earn $10,000. You deposit the $10,000 in the bank. The bank loans the $10,000 to borrowers. Borrowers repay the bank the $10,000 and the bank returns the $10,000 to you. The one who funded the loan should be repaid the money. Bankers bitterly oppose this banking system. Honest Abraham Lincoln used United States Notes saving taxpayers taxes and saved Americans from going into debt.
Bankers, politicians, judges, sheriffs and the media favor the following banking system. If the government needs $1 billion to build a road, the government prints $1 billion of cash. The government gives the cash to the bankers for free (or the cost of printing the money). The bankers loan the $1 billion of newly created money to the government forcing the taxpayers into $1 billion of debt, forcing the taxpayers to pay taxes of $1 billion plus interest. This is how the $5 trillion of national debt was created.
According to Bob Dole, about 40 percent of personal IRS tax goes to pay interest on the national debt. In the same manner, when you get a local bank loan or credit card loan, the bank creates new money and loans the money to you. Every time new money is created, the bank loans you the money. Tom Schauf believes this banking system is similar to stealing, counterfeiting or swindling. If we followed honest Abraham Lincoln, we would not have a $5 trillion debt and no need for personal IRS tax.
Bankers argue bankers should get the money for free and loan it to Americans creating huge debts for the voters. We should ask who profits from creating money and who has more debts.
The controversy is simple. Should we follow President Lincoln and the US Constitution or should we allow the bankers to create money and loan it to us creating huge debts for the average voter?
Tom Schauf, retired Certified Public Accountant, expert witness, has written two books in everyday language teaching you how to explain and understand the two banking systems.
People are confused as to what money is and where the money comes from to fund a bank loan check. Most people incorrectly think that money is only cash and that other depositors funded the bank loan check. Everyone agrees the borrower should repay the lender. We all agree we should repay the one who funded the loan.
The problem is that most people are confused as to who funded the loan.
In America, money is more than just cash. Money is anything that has value and can be sold for cash and is accepted as money. If you use gold to buy a car, the gold is used as money. If you have $10,000 of government bonds that can be sold for $10,000 of cash and you use the bonds to buy a $10,000 car, you used the bonds as money.
Banks routinely accept bonds as money and deposit the bonds into checking accounts.
If the bank accepted $5,000 of bonds from you, deposited the bonds into your checking account, and loaned the $5,000 to a borrower, the borrower should repay the bank, and the bank should return the $5,000 to you.
A bond is a fancy name for a promissory note (agreement to repay a loan).
If you ask for a $10,000 bank loan, the banker has you sign a $10,000 promissory note where you agree to repay the loan. The loan agreement says that the bank can sell your promissory note to investors for $10,000.
The investors want the interest. If you do not pay the interest, the bank forecloses and collects the money. Both the bond and the note can be sold for cash giving them equal value to cash. According to the Federal Reserve Bank publications, the promissory note that you signed is money.
When banks deposit the borrower's promissory note into a checking account, the bank accepted the promissory note as money. If you deposit money at the bank, it is like loaning the bank the money. If you deposit it or loan the bank the money, you can get the money back.
If you travel to Japan, you will go to a moneychanger to exchange equal value of American money for Japanese money. If you exchange $100 of coins for $100 of cash, you traded value for value.
An exchange is not a loan.
If you deposit $100 of cash and withdraw a $100 check, that is an exchange, it is not a loan.
If you loan Joe $100 of cash and he returns the $100 to you as a loan, two loans were exchanged. Each borrower should repay the loan.
If you loan the bank a $1,000 bond or promissory note that can be sold for $1,000 cash and this loan funds the bank loan check back to you, then both borrowers should repay their loans. The problem is that the bank demands that you repay your loan as the banker refuses to repay or acknowledge the loan from you to the bank!
This is the trick.
According to the Federal Reserve Bank publications, the bank never loaned other depositors' money to fund the bank loan check to you. The bank recorded your promissory note (money) as a loan from you to the bank. The bank even recorded a bank liability showing that the bank owes you $10,000 for recording the $10,000 of money (promissory note) as a loan from you to the bank.
The proof is in Federal Reserve Bank publications Modern Money Mechanics, page 6, and Public Debt: Private Asset, page 2, and many other publications admit that the banker created new money when the bank used your promissory note as new money which the bank deposited into your checking account with your name on the checking account (a deposit records the loan from you to the bank).
The $10,000 loan from you to the bank funded the $10,000 check returned to you as a loan from the bank to you. Two loans were exchanged. Bankers universally agree that the one who funded the loan should be repaid their money. They owe you $10,000.
The bank never loaned other depositors' money to you and the bank never loaned one cent of the bank's money to you. You funded the loan to yourself! You owe the bank $10,000 and the bank owes you $10,000 as proven by the bank's $10,000 bank liability. Bankers want you to believe that the bank loaned you other depositors' money so that you feel obligated to repay the loan and never ask the bank to repay the loan from you to the bank. If the bank never returns the $10,000 to you, the bank gets your money for free and gets the liens on the nation's assets for free (the bank forecloses if you do not repay the loan). The bank gets $10,000 for free. This has the economic effect similar to stealing (refusing to repay the loan from you to the bank) and creates $10,000 of new money which has the economic effect similar to counterfeiting.
Did you agree to give the bank $10,000 for free and have the same money returned to you as a loan?
The banker knows that you are not that stupid.
If you believe that the borrower (banker) should repay the lender (you), then the bank needs to pay the $10,000 bank liability owing you money.
If the bank loaned you other depositors' money, the money should be returned to the other depositors.
If the bank altered your agreement, loaned you no money to obtain your promissory note, recorded the money (promissory note) as a loan from you to the bank to fund the bank loan check, then you should repay your loan and the bank should repay its loan from you to the bank and return the money to you.
The economics are similar to stealing your car or money, selling it for cash, and returning the cash to you as a loan.
The bank should return the car or money to you because you funded the loan.
This trick allows the bankers to transfer nearly all of the wealth to the banker for free forcing the others into debt.
The controversy is simply: Should the borrower (bank) repay the lender (you). If yes, all bank loans could be canceled (paid off). When the bank repays the loan from you to the bank, it could pay off the loan from the bank to you.
If a gunman stole your money and returned it to you as a loan, you would call the police and demand the money be returned to you. What is the difference if a gunman or a banker took your money and returned it as a loan? One has a gun and the other, a suit and tie. Both transferred your wealth to themselves for free and left you in debt. Refusing to pay a debt is similar to stealing.
We are not calling bankers criminals.
Bankers are excellent businessmen who devised a method of getting your money for free and getting politicians elected to make it appear legal.
The banker did not steal from you, the banker never told you that he still owes you money, that there is a bank liability owing you money, and that he never paid you.
Judge Mahoney called the bankers robbers.
Congressman Louis McFadden, Former Chairman of the House Committee on Banking and Currency, called it a swindle.
What is the proof?
The Federal Reserve Bank publications I Bet You Thought...page 27, and Modern Money Mechanics pages 2-25, and others admit that the bank creates new money every time that banks grant loans, the promissory note is money, and the bank records a loan from you to the bank, resulting in a new bank liability, showing that the bank owes you money from recording the promissory note as a loan from you to the bank.
WHY HAVE I NOT HEARD OF THIS BEFORE?
Bankers use this secret to transfer the wealth from you to the banker for free.
Bankers get the liens (if you do not pay the loan, the lien allows the banker to foreclose and get your property for free) on the nation's assets for free.
Bankers are one of the biggest political funders of judges, sheriffs, and lawmakers.
If a politician opposes the bankers, the bankers fund their opponent next election.
Some politicians have spoken out against the bankers. The media refuses to report all the news. The other politicians have learned not to oppose the bankers until the voters wake up. Bankers own or control all major media through either direct ownership, or by loans or advertising money. The media controls who is elected. You relied on the news, only to learn that they did not want you to learn this secret. It is all about profits.
There is one thing that bankers fear: They fear informed, united voters that can vote out any politician representing the bankers and can vote in Statesmen representing people changing the banking system.
THE RESULTS.
Some people have purchased Tom's books and asked the bankers questions. Results vary. In a number of cases, without going to court, the lender volunteered to repay the loan from you to the bank which paid off the loan from the bank to you! Millions of dollars of bank loans have been paid off.
Tom's books have over 600 questions to ask the banker. One person sent the banker 40 questions. The lender responded by sending back "zero balance owed" on his car loan.
His $12,000 car loan became zero. We have heard similar stories from homes to credit card debts. At this time, bankers resist zeroing out larger loans. We are told that some lenders make you sign an agreement, saying that you will not tell, so others will not ask to have their loans zeroed out. Bankers have routinely told Tom Schauf that if the American voters ever learn what the bankers have done to this nation, they are going to quickly exit the country. One of the top bankers of this nation told Tom that bankers control the lawmakers, judges, law enforcement, and media. The only thing that the bankers fear is people learning the truth as to what the bankers have done. Tom Schauf says,"We need bankers. We are not here to destroy the banking system. We must stop the economic effect similar to stealing, counterfeiting, and swindling." The good news is that bankers and government officials are now coming to Tom and joining him, knowing soon that the whole nation will learn the truth.
HOW WILL THIS BENEFIT ME? Court is not the answer. Bankers control the judges. Judges profit from the current banking system. Why would the banker want to settle? It is called damage control. That is why the tobacco companies wanted to settle. The secret is out. The banker must settle or they will be voted out of office. OUR GOAL IS TO GET YOU OUT OF DEBT. There is no need to sue, lobby, sign petitions, or write nasty letters. We ask each people to teach a minimum of three others and have them join us. It is free, allowing everyone to join. Three becomes 9 and 9 becomes 27, and then 81, 243, 729, 2,187, 6,561, 19,683, 59,049, 177,147, 531,441, 1,594,323, 4,782,969, 14,348,907, 43,046,721... The truth spreads very quickly and the banks know if they do not settle, people will elect Tom Schauf as president to really correct the problem.
Bankers remember American history. About 160 year ago, the bankers did the same thing to us. The grass roots Americans organized and voted in President Andrew Jackson. He won by a landslide. He canceled their bank and corrected the injustice.
Public opinion changes public policy. Twenty years ago, no American would have predicted that tobacco companies would willingly settle out of court. Nazi Germany companies using slave labor have recently settled out of court agreeing to give a billion dollars to victims and their heirs for slavery in World War II. Swiss banks are returning money to the survivors of the holocaust. Soon, the borrower (banker) will be forced to repay the lender - YOU!
Federal Reserve Bank publication Modern Money Mechanics gives the bankers instructions on how to expand and contract the money supply to create a recession or depression to increase bank profits and foreclosures.
If we only used cash, and not give it to the banker for free to be returned to us as a loan, or gold and silver as the only currency and money, then banks could not use promissory notes as money nor create bank induced recessions nor have the economic effect similar to stealing, counterfeiting, or swindling. If Lincoln was President today, and if his cash was the only currency or money, we would not have a $25 trillion debt or any need for personal IRS tax.
The American Revolutionary War resulted when the King of England changed the banking system, resulting in the same banking system we have today. They left this part out of our history. Today's banking system came from England. What England could not win in a shooting war, the bankers (from England) got for free by creating money and placing liens on your property. If you can counterfeit money and loan it out or steal money and return it to the victim as a loan, you will own nearly everything for free. Politicians allowed it because they personally profit from the system.
Why are many families dependent on both spouses working? If someone kept stealing your money and returning it to you as a loan, both spouses must work to repay the loan and to get back what was just stolen. If we correct the problem, one spouse could stop working and you would have the same standard of living as you do today. Today, both spouses work because they do not understand how money and banking made them poor and made the bankers and politicians rich.
You have a choice. You can join us and profit from this information or you an remain in debt and allow the bankers to get your money for free. To prove Tom is wrong, the banker must prove the Federal Reserve Bank publications are wrong. Why work and give your money to the banker for free?
When you receive a credit card loan or a bank loan, you first become the lender to the bank. This creates a new bank liability owing you money for the loan from you to the bank which funded the loan from the bank to you. Do you believe that the borrower (bank) should repay the lender (you)?
Bankers and those supporting the banks have tried to misquote Tom Schauf, but cannot prove the bank loan does not have an economic effect similar to stealing, counterfeiting, or swindling. They may try and destroy the messenger but they cannot destroy the message. There is one easy way to spot counterfeit information. When you know the truth, the counterfeit is easy to spot. The key question is simple. Should the borrower repay the one who funded the loan? If they say yes, your loan is paid off. If they say know no, you do not need to repay the loan. The law says if there is not mutual understanding in the agreement, then there is no agreement. They cannot reveal the real agreement. Tom's two books reveal the truth in everyday language. Bankers fear Tom's two books. One person asked a judge one question in the book. The judge ran out of the court room. If you want the books, get them now.
Slavery forces you to work for another for free. President Lincoln fought the Civil War to stop slavery. Lincoln's United States Notes (cash) stopped banker's slavery. Would you object if someone put you in chains and told you , you must work for them for free? If you refuse, they whip you until you decide that working for free is better than being whipped to death. Would you object if you had to work for a slave master every day for 4 hours for free? Would you object to having to give your payroll check to a slave master for free? Well, guess what? You have been doing it all your life. Before the Civil War, slaves knew they were slaves. They took your chains off, making you think you were free, but you still give them your labor for free.
What would the voters say if Congress voted to have two classes of citizens? We have the masters and the slaves. Congress just outlawed equal protection (our Constitutional right) which ends two classes of citizens, The new law allows masters to get nearly all the property in the nation for free. The slaves must pay rent to the masters to use the master's property. As you pay rent, the masters get your labor for free. You have to work to earn a payroll check and you must pay the masters rent for your car, home, farm, TV, refrigerator, furniture, and everything you have. If you refuse to pay the rent, the master takes you to court and the judge has the sheriff take your car, home, farm, TV, and other assets away and returns them to the master. The master then rents your car, home, and TV out to another slave willing to work for free and pay the rent. We just described the economics of banking in America.
The bankers are the masters and you are the slave. You want to buy a $20,000 car. The master (banker) prints up $20,000 of new money and buys the car from the seller. The master has a lien (if the borrower does not repay the loan, the master has a right to foreclose and take your car) on the car. A lien means that the bank/master really owns the car. Now you must work to earn $20,000 plus interest and give the banker your time for free. Every time a slave wants a home, the banker/master prints the money and buys the house. The banker/master gets the house for free and you must work to earn a payroll check to buy the house from the master. EVERY TIME YOU FINANCE A CAR OR HOME, THE MASTER GETS THE CAR OR HOME FOR FREE AND YOU MUST WORK TO BUY THE CAR OR HOME FROM THE MASTER.
The banker/master must stop you from counterfeiting money like the master. If you could counterfeit money, you would become the master and the banker no longer gets your labor for free.
The master understands that if everyone (masters and slaves) could print counterfeit money, then everyone would just stop working and print money. Everyone would have a living room full of newly printed money. The master would not have any food nor gas to put in his car because everyone stopped working. The master understands the difference between wealth and money. Assets are wealth. Assets are things you can sell. You can sell your house, car, farm, TV, gold, silver, food, and your labor. You sell your time to your employer for a payroll check that you can exchange for a TV or food. When a master counterfeits money, the counterfeit money is used to get your wealth for free. The master prints up money to buy a house for free and then he gets your labor for free. The master knows that he needs you working so you produce wealth that he can get for free. The farmer works to produce food. The truck driver works to get the food to the grocery store. Employees at the grocery store work to get the food to you. People work to get the gas to the gas station so you have gas to put in your car. Carpenters, plumbers, electricians, roofers, and brick layers will work for 4 or 5 months full time building a house. The master simply works for 5 minutes to print up the money to own the house for free. The master needs you to work and produce wealth so he can get it for free, simply by printing money. Then you must work to pay rent to the master to use the car or the house you built. When the master counterfeits money to obtain your wealth for free, the newly printed money creates inflation. Inflation decreases the value of the money that slaves have in savings accounts. Inflation increases the cost of buying food and medicine for their children. Inflation is like a tax.
In 1913, the income tax and Federal Reserve Bank came into existence. The IRS is merely a collection agency for the Federal Reserve Bank. The national slavery is simple. The government prints the cash. The government gives the cash to the bank for free (for the cost of printing the money which is about 3.5 cents for a $100 bill). The bank loans the same cash to the government. This created a $5 trillion government debt we now have. It is impossible to pay off the $5 trillion of national debt the way lawmakers structured the system. Now, taxpayers must pay IRS taxes to pay the bankers $5 trillion plus interest every year. According to former Congressman Bob Dole, in 1995, nearly 40 percent of personal IRS tax collected went to pay interest on the national debt.
If you do not pay the tax nor give your labor to the banker for free, the judge confiscates your bank account, car, and home. They throw you in prison and force you into slave labor in a prison work camp. If we followed President Lincoln and end the slavery, the government would issue United States Notes (cash) and never give the cash to the bankers for free, only to be returned to the government as a loan. Honest Abe would never enslave us like our Congress has today.
If banks loaned other depositors' money to you, it would be like getting a loan from your neighbor. No one counterfeits money and becomes your master. No one gets your labor for free. There is equal protection under the law. No masters and slaves. No one gets the nation's assets for free.
Today, nearly half of the taxes go to the bankers for free. The bankers get your money for free and returns it to you as a loan. Economically speaking, it is similar to a thief who keeps stealing your car, selling it for cash, and returning the cash to you as a loan. This forces many wives to work to pay for the car that was just stolen. If someone kept stealing from you and returning the value of the stolen property to you as a loan, you would be in perpetual debt and have little money with huge monthly loan payments. If you stop the stealing, your wife would not have to work for the master for free. Your wife should not be forced to work for the master for free just to stop the master from foreclosing or forcing you into bankruptcy. A husband should protect his wife and family from the economic effects similar to theft, counterfeiting, swindling, and slavery.
How many hours a week do you work for the master for free? Add up your house loan payment or rent (your rent payment is given to the landlord who gives it to the master), car loan, and bank loan payments you make every month. Add in your monthly credit card payments. Add to this figure, half of the taxes you pay to the IRS, to your state, and county. Be sure to add in sales tax, real estate tax, gas tax, and income tax. Much of the tax goes to the banker for free. Divide this by your monthly gross income. This is the percent of labor you give to your master for free. Example: Your monthly bank loan and credit card payments are $2,000. Half of your taxes you pay for the month comes to $1,000. The master received $3,000 from you for free. Your gross monthly wages are $5,000. If you take $3,000/$5,000, you work 60 percent of the time for the banker for free. This means that if we correct the problem, your wife could stop working, you could work, and the family would have the same standard of living as if both spouses worked and gave 60 percent of their money to the banker for free. If we correct the problem, your wife would have the option of working or not. If she worked, it would be like doubling the family's income. The banker no longer gets her payroll check for free. Your wife gets to keep her payroll check and spend all of it on herself. The banker does not get 60 percent of her money for free. Today, the banker gets 60 percent of your payroll check for free and uses it to buy that fancy house and take those dream vacations that bankers take. If you stop working for the banker for free, the dream vacation you were giving to the banker for free is now your dream vacation. The house you gave to the banker for free is now your house. When you stop being the slave, you will have more time and more money. When you stop being the slave, you will have more time to spend with your spouse and children and have more wealth and money. What would you be doing if you did not have to work? Would you take your children to the zoo? Would you take a vacation? Would you have fun relaxing?
Many wives make more money than their husbands. The point is, no woman should have to work for a banker for free. Many wives and mothers want to stay home and be with their children, but they are forced to work for the banker for free. You work for free while you are forced to pay someone else to raise your children. Wives should have the option to work and not be forced to work for free.
We ask every woman to give this information to their hairdresser. We want every woman to understand what the bankers have done to us. One beautician knows 100 other ladies who do not want to work for free. If we had 20 beauticians in every state spread the word to 100 women, we would have 100,000 women telling all their girlfriends. Millions of women would know about this modern day slavery and stop it. Women would no longer allow the men (bankers and Congressmen) to enslave them. Real men will join us. Men who truly love their wives will end the slavery and give their wife the option to work or not. Slavery of men and women should be ended. Money problems cause the majority of divorces. Should anyone give half their labor to the banker for free? Do you want your children to be slaves?
Why have you not heard this from the media? The media profits from your slavery when they accept advertising money from the masters. Masters own or control the media to be sure that you never learn about your slavery. If you learn the truth, you will object to the chains of slavery. The money masters create money and use it to hire the best politicians that money can buy to ensure your slavery. If any politician, judge, or sheriff ever want to set you free from slavery, the masters simply fund that politicians' opponent who will keep you in slavery. Read Tom Schauf's book and you will see how bankers manipulate money to create recessions to increase profits. You are forced into foreclosure. Imagine a $250,000 home with a $100,000 mortgage in foreclosure. The bank can tell a politician about the property, loan the politician $100,000 to buy it, and then, two weeks later, sell it at auction for $250,000. They both profit from your misery. Laws are used to take your wealth and give it to the masters. Laws are used to control you and stop you from ending your slavery. The Constitution was written to stop this slavery. They can only fool the uninformed. Now do you understand why they do not want the slaves to have guns?
The Constitution gives us equal protection which prohibits two classes of citizens ( masters and slaves). The Constitution demands that we use gold and silver coin to prevent slavery. The Constitution prohibits credit (money that the banks create, forcing you into slavery). The next time the media or politicians make you think we are following the Constitution, you need to know who is lying to whom. They do not want you to understand modern day slavery. If you understand and object, they will not get your wealth for free. There are great profits to be made in slavery.
Their next goal is to ensure your slavery through a cashless society, giving the banker absolute control over you. Will you be slave or free? In this summary, we define counterfeiting as creating money. It does not mean that the banker committed a crime. When we use the words, steal or theft or swindle, we only mean that the banker received something for free or counterfeited money. It does not mean the banker committed a crime. We are not saying the banker is a criminal. The voters deserve the government that they voted in. Will you vote for a politician representing the masters or the slaves?
Who is fooling whom? The bankers are trying to talk us into a cashless society. That will give the bankers absolute total control over the slaves. They will not have to place shackles on your wrists or ankles to enslave you. This is the time to join us, and act together, and change the laws.
The banker was the master and you were the slave because he understood money and banking and you did not know why it was so important for bankers to loan other depositors' money and not create money. Will you join us and become free and wealthy or will you remain a poor slave forever? The vote of informed slaves will stop slavery and enforce the Constitution giving us equal protection. President Lincoln was right all along.
This summary hardly scratches the surface. Tom wrote two books in every day language exposing it all. Each book comes with its own cassette tape.
America's Hope: To Cancel Bank Loans Without Going To Court, Volume I, by Tom Schauf. The book has about 250 pages and over 50 chapters. It shows the readers how to argue the bank loan agreement like a CPA, expert witness, would in court. Bankers fear you learning this information. Some lenders have offered to zero out a car loan and let the borrower keep the car or have the borrower pay 50 cents or 20 cents on the dollar, and the bank zero out the loan, and the borrower keep the house, or car, or item purchased. Tom Schauf does not guarantee individual results. Tom's next goal is to help 5 million people at one time. Tom wants you to read the book so you can help teach others. When you read the book you will see why bankers do not want this exposed in court. Bankers hope you do not read this book. Get the book before we settle out of court and this book is no longer in print.
The American Voter Vs. The Banking System, Volume II, by Tom Schauf. The book has over 300 pages and 40 chapters. This book is a continuation of Volume I. You need to read Volume I before reading Volume II. Volume II gives more details and more sophisticated arguments an expert witness would use in court or arguing the bank loan agreements. It has over 600 questions the bankers fear you may ask. The book gives more proof and convincing arguments plus court cases the bankers lost. Volume II gives you the Federal Reserve Bank publications and page numbers admitting Tom Schauf is correct.
The big lie is very simple. Banks lent you other depositors' money. If the bank lent you other depositors' money, you feel you have an obligation to repay the money. If you believed the bank lent you other depositors' money, you would not know the bank recorded a loan from you to the bank. You would never ask the bank to repay the loan from you to the bank. For the bank to get the liens on the nation's assets for free, they must make you believe they lent you other depositors' money.
If people are lied to often enough and believe the lie is the truth, they will think the truth is a lie. Tom's books point out how bankers redefined words to mean the opposite. They want you to be utterly confused so they get your wealth for free.
If I counterfeit $100 of new money and loan the money to you, there is $100 of new money and $100 of new debt. This is called "debt currency." For every new dollar created (counterfeited or printed) and loaned there is one new dollar of debt. We print new cash, give it to the banker for free (cost of printing the money), and he returns it to the government as a loan. This process created the $5 trillion of debt taxpayers must repay to the bank. The bankers got richer and the taxpayers got poorer.
Lincoln printed United States Notes (cash). He used the cash to pay for the Civil War. There was no debt and no tax to pay for the Civil War. People call Lincoln's cash " debt free currency."There is one problem with Lincoln's cash. He called it a "NOTE". A Note means you owe money. Lincoln should have just called it "U.S. money." The bankers used the word "note" to pass one law to destroy the value of the note. The bankers greatly profited from this one law. If the bankers have the wealth, they use the money to hire politicians to pass laws that add to the bankers' profits and control over the people. Their next step is a cashless society giving them total control over you.
Lincoln had the right idea. He should have named his cash "U.S. money."
Gold and silver has some advantages. There is a problem. History shows bankers manipulating the price of gold and silver.
If the government prints $10 billion of Lincoln's money, taxpayers' taxes are cut by $10 billion and the debt is reduced by $10 billion. If we give the cash to the bankers for free and they return it to the government as a loan, the taxpayers have $10 billion of more taxes to pay and $10 billion of more debt. The media, politicians and bankers benefit by forcing you into more taxes and debt. If the voters understand money and banking, they would vote to change the system. Can you trust a politician who did this to you? Politicians blame you for voting in elected officials representing the bankers. They claim you get the government you voted in. We know the politicians could have fixed the problem. They were more interested in collecting money from the bankers then representing the people who voted them into office. They had to keep the truth from us.
If the voters learned the truth, would they vote for more debt and taxes or less debt and less taxes? Would they vote for the economic effect similar to stealing, counterfeiting and swindling or stopping the swindling? Those opposing Tom Schauf are opposing equal protection.
If a robber stole $1,000 from you, it is nothing compared to what the bankers got from you. The bankers used the judge, sheriff and lawmaker to get your wealth for free. The media remained silent. Can you trust the media? Withholding the truth is equal to lying. Now people are asking about the other things the media has remained silent on. If Lincoln's cash was the only money, the economic effect similar to stealing, counterfeiting and swindling would be ended. The bank could not use the promissory note as new money.
Also read:
America's Hope: To Cancel Bank Loans Without Going to Court
Are You and Your Wife Working as Slaves for the Banker?
The Borrower Should Repay the Lender
Tom Schauf believes we should use the following banking system.
The Government prints United States Notes or gold or silver coins.
If the government needs $1 billion to build a road, the government prints $1 billion and uses the money to pay for the road.
The taxpayers incur no debt and no tax and everyone equally benefits using the road.
You work and earn $10,000. You deposit the $10,000 in the bank. The bank loans the $10,000 to borrowers. Borrowers repay the bank the $10,000 and the bank returns the $10,000 to you. The one who funded the loan should be repaid the money. Bankers bitterly oppose this banking system. Honest Abraham Lincoln used United States Notes saving taxpayers taxes and saved Americans from going into debt.
Bankers, politicians, judges, sheriffs and the media favor the following banking system. If the government needs $1 billion to build a road, the government prints $1 billion of cash. The government gives the cash to the bankers for free (or the cost of printing the money). The bankers loan the $1 billion of newly created money to the government forcing the taxpayers into $1 billion of debt, forcing the taxpayers to pay taxes of $1 billion plus interest. This is how the $5 trillion of national debt was created.
According to Bob Dole, about 40 percent of personal IRS tax goes to pay interest on the national debt. In the same manner, when you get a local bank loan or credit card loan, the bank creates new money and loans the money to you. Every time new money is created, the bank loans you the money. Tom Schauf believes this banking system is similar to stealing, counterfeiting or swindling. If we followed honest Abraham Lincoln, we would not have a $5 trillion debt and no need for personal IRS tax.
Bankers argue bankers should get the money for free and loan it to Americans creating huge debts for the voters. We should ask who profits from creating money and who has more debts.
The controversy is simple. Should we follow President Lincoln and the US Constitution or should we allow the bankers to create money and loan it to us creating huge debts for the average voter?
Tom Schauf, retired Certified Public Accountant, expert witness, has written two books in everyday language teaching you how to explain and understand the two banking systems.
People are confused as to what money is and where the money comes from to fund a bank loan check. Most people incorrectly think that money is only cash and that other depositors funded the bank loan check. Everyone agrees the borrower should repay the lender. We all agree we should repay the one who funded the loan.
The problem is that most people are confused as to who funded the loan.
In America, money is more than just cash. Money is anything that has value and can be sold for cash and is accepted as money. If you use gold to buy a car, the gold is used as money. If you have $10,000 of government bonds that can be sold for $10,000 of cash and you use the bonds to buy a $10,000 car, you used the bonds as money.
Banks routinely accept bonds as money and deposit the bonds into checking accounts.
If the bank accepted $5,000 of bonds from you, deposited the bonds into your checking account, and loaned the $5,000 to a borrower, the borrower should repay the bank, and the bank should return the $5,000 to you.
A bond is a fancy name for a promissory note (agreement to repay a loan).
If you ask for a $10,000 bank loan, the banker has you sign a $10,000 promissory note where you agree to repay the loan. The loan agreement says that the bank can sell your promissory note to investors for $10,000.
The investors want the interest. If you do not pay the interest, the bank forecloses and collects the money. Both the bond and the note can be sold for cash giving them equal value to cash. According to the Federal Reserve Bank publications, the promissory note that you signed is money.
When banks deposit the borrower's promissory note into a checking account, the bank accepted the promissory note as money. If you deposit money at the bank, it is like loaning the bank the money. If you deposit it or loan the bank the money, you can get the money back.
If you travel to Japan, you will go to a moneychanger to exchange equal value of American money for Japanese money. If you exchange $100 of coins for $100 of cash, you traded value for value.
An exchange is not a loan.
If you deposit $100 of cash and withdraw a $100 check, that is an exchange, it is not a loan.
If you loan Joe $100 of cash and he returns the $100 to you as a loan, two loans were exchanged. Each borrower should repay the loan.
If you loan the bank a $1,000 bond or promissory note that can be sold for $1,000 cash and this loan funds the bank loan check back to you, then both borrowers should repay their loans. The problem is that the bank demands that you repay your loan as the banker refuses to repay or acknowledge the loan from you to the bank!
This is the trick.
According to the Federal Reserve Bank publications, the bank never loaned other depositors' money to fund the bank loan check to you. The bank recorded your promissory note (money) as a loan from you to the bank. The bank even recorded a bank liability showing that the bank owes you $10,000 for recording the $10,000 of money (promissory note) as a loan from you to the bank.
The proof is in Federal Reserve Bank publications Modern Money Mechanics, page 6, and Public Debt: Private Asset, page 2, and many other publications admit that the banker created new money when the bank used your promissory note as new money which the bank deposited into your checking account with your name on the checking account (a deposit records the loan from you to the bank).
The $10,000 loan from you to the bank funded the $10,000 check returned to you as a loan from the bank to you. Two loans were exchanged. Bankers universally agree that the one who funded the loan should be repaid their money. They owe you $10,000.
The bank never loaned other depositors' money to you and the bank never loaned one cent of the bank's money to you. You funded the loan to yourself! You owe the bank $10,000 and the bank owes you $10,000 as proven by the bank's $10,000 bank liability. Bankers want you to believe that the bank loaned you other depositors' money so that you feel obligated to repay the loan and never ask the bank to repay the loan from you to the bank. If the bank never returns the $10,000 to you, the bank gets your money for free and gets the liens on the nation's assets for free (the bank forecloses if you do not repay the loan). The bank gets $10,000 for free. This has the economic effect similar to stealing (refusing to repay the loan from you to the bank) and creates $10,000 of new money which has the economic effect similar to counterfeiting.
Did you agree to give the bank $10,000 for free and have the same money returned to you as a loan?
The banker knows that you are not that stupid.
If you believe that the borrower (banker) should repay the lender (you), then the bank needs to pay the $10,000 bank liability owing you money.
If the bank loaned you other depositors' money, the money should be returned to the other depositors.
If the bank altered your agreement, loaned you no money to obtain your promissory note, recorded the money (promissory note) as a loan from you to the bank to fund the bank loan check, then you should repay your loan and the bank should repay its loan from you to the bank and return the money to you.
The economics are similar to stealing your car or money, selling it for cash, and returning the cash to you as a loan.
The bank should return the car or money to you because you funded the loan.
This trick allows the bankers to transfer nearly all of the wealth to the banker for free forcing the others into debt.
The controversy is simply: Should the borrower (bank) repay the lender (you). If yes, all bank loans could be canceled (paid off). When the bank repays the loan from you to the bank, it could pay off the loan from the bank to you.
If a gunman stole your money and returned it to you as a loan, you would call the police and demand the money be returned to you. What is the difference if a gunman or a banker took your money and returned it as a loan? One has a gun and the other, a suit and tie. Both transferred your wealth to themselves for free and left you in debt. Refusing to pay a debt is similar to stealing.
We are not calling bankers criminals.
Bankers are excellent businessmen who devised a method of getting your money for free and getting politicians elected to make it appear legal.
The banker did not steal from you, the banker never told you that he still owes you money, that there is a bank liability owing you money, and that he never paid you.
Judge Mahoney called the bankers robbers.
Congressman Louis McFadden, Former Chairman of the House Committee on Banking and Currency, called it a swindle.
What is the proof?
The Federal Reserve Bank publications I Bet You Thought...page 27, and Modern Money Mechanics pages 2-25, and others admit that the bank creates new money every time that banks grant loans, the promissory note is money, and the bank records a loan from you to the bank, resulting in a new bank liability, showing that the bank owes you money from recording the promissory note as a loan from you to the bank.
WHY HAVE I NOT HEARD OF THIS BEFORE?
Bankers use this secret to transfer the wealth from you to the banker for free.
Bankers get the liens (if you do not pay the loan, the lien allows the banker to foreclose and get your property for free) on the nation's assets for free.
Bankers are one of the biggest political funders of judges, sheriffs, and lawmakers.
If a politician opposes the bankers, the bankers fund their opponent next election.
Some politicians have spoken out against the bankers. The media refuses to report all the news. The other politicians have learned not to oppose the bankers until the voters wake up. Bankers own or control all major media through either direct ownership, or by loans or advertising money. The media controls who is elected. You relied on the news, only to learn that they did not want you to learn this secret. It is all about profits.
There is one thing that bankers fear: They fear informed, united voters that can vote out any politician representing the bankers and can vote in Statesmen representing people changing the banking system.
THE RESULTS.
Some people have purchased Tom's books and asked the bankers questions. Results vary. In a number of cases, without going to court, the lender volunteered to repay the loan from you to the bank which paid off the loan from the bank to you! Millions of dollars of bank loans have been paid off.
Tom's books have over 600 questions to ask the banker. One person sent the banker 40 questions. The lender responded by sending back "zero balance owed" on his car loan.
His $12,000 car loan became zero. We have heard similar stories from homes to credit card debts. At this time, bankers resist zeroing out larger loans. We are told that some lenders make you sign an agreement, saying that you will not tell, so others will not ask to have their loans zeroed out. Bankers have routinely told Tom Schauf that if the American voters ever learn what the bankers have done to this nation, they are going to quickly exit the country. One of the top bankers of this nation told Tom that bankers control the lawmakers, judges, law enforcement, and media. The only thing that the bankers fear is people learning the truth as to what the bankers have done. Tom Schauf says,"We need bankers. We are not here to destroy the banking system. We must stop the economic effect similar to stealing, counterfeiting, and swindling." The good news is that bankers and government officials are now coming to Tom and joining him, knowing soon that the whole nation will learn the truth.
HOW WILL THIS BENEFIT ME? Court is not the answer. Bankers control the judges. Judges profit from the current banking system. Why would the banker want to settle? It is called damage control. That is why the tobacco companies wanted to settle. The secret is out. The banker must settle or they will be voted out of office. OUR GOAL IS TO GET YOU OUT OF DEBT. There is no need to sue, lobby, sign petitions, or write nasty letters. We ask each people to teach a minimum of three others and have them join us. It is free, allowing everyone to join. Three becomes 9 and 9 becomes 27, and then 81, 243, 729, 2,187, 6,561, 19,683, 59,049, 177,147, 531,441, 1,594,323, 4,782,969, 14,348,907, 43,046,721... The truth spreads very quickly and the banks know if they do not settle, people will elect Tom Schauf as president to really correct the problem.
Bankers remember American history. About 160 year ago, the bankers did the same thing to us. The grass roots Americans organized and voted in President Andrew Jackson. He won by a landslide. He canceled their bank and corrected the injustice.
Public opinion changes public policy. Twenty years ago, no American would have predicted that tobacco companies would willingly settle out of court. Nazi Germany companies using slave labor have recently settled out of court agreeing to give a billion dollars to victims and their heirs for slavery in World War II. Swiss banks are returning money to the survivors of the holocaust. Soon, the borrower (banker) will be forced to repay the lender - YOU!
Federal Reserve Bank publication Modern Money Mechanics gives the bankers instructions on how to expand and contract the money supply to create a recession or depression to increase bank profits and foreclosures.
If we only used cash, and not give it to the banker for free to be returned to us as a loan, or gold and silver as the only currency and money, then banks could not use promissory notes as money nor create bank induced recessions nor have the economic effect similar to stealing, counterfeiting, or swindling. If Lincoln was President today, and if his cash was the only currency or money, we would not have a $25 trillion debt or any need for personal IRS tax.
The American Revolutionary War resulted when the King of England changed the banking system, resulting in the same banking system we have today. They left this part out of our history. Today's banking system came from England. What England could not win in a shooting war, the bankers (from England) got for free by creating money and placing liens on your property. If you can counterfeit money and loan it out or steal money and return it to the victim as a loan, you will own nearly everything for free. Politicians allowed it because they personally profit from the system.
Why are many families dependent on both spouses working? If someone kept stealing your money and returning it to you as a loan, both spouses must work to repay the loan and to get back what was just stolen. If we correct the problem, one spouse could stop working and you would have the same standard of living as you do today. Today, both spouses work because they do not understand how money and banking made them poor and made the bankers and politicians rich.
You have a choice. You can join us and profit from this information or you an remain in debt and allow the bankers to get your money for free. To prove Tom is wrong, the banker must prove the Federal Reserve Bank publications are wrong. Why work and give your money to the banker for free?
When you receive a credit card loan or a bank loan, you first become the lender to the bank. This creates a new bank liability owing you money for the loan from you to the bank which funded the loan from the bank to you. Do you believe that the borrower (bank) should repay the lender (you)?
Bankers and those supporting the banks have tried to misquote Tom Schauf, but cannot prove the bank loan does not have an economic effect similar to stealing, counterfeiting, or swindling. They may try and destroy the messenger but they cannot destroy the message. There is one easy way to spot counterfeit information. When you know the truth, the counterfeit is easy to spot. The key question is simple. Should the borrower repay the one who funded the loan? If they say yes, your loan is paid off. If they say know no, you do not need to repay the loan. The law says if there is not mutual understanding in the agreement, then there is no agreement. They cannot reveal the real agreement. Tom's two books reveal the truth in everyday language. Bankers fear Tom's two books. One person asked a judge one question in the book. The judge ran out of the court room. If you want the books, get them now.
Slavery forces you to work for another for free. President Lincoln fought the Civil War to stop slavery. Lincoln's United States Notes (cash) stopped banker's slavery. Would you object if someone put you in chains and told you , you must work for them for free? If you refuse, they whip you until you decide that working for free is better than being whipped to death. Would you object if you had to work for a slave master every day for 4 hours for free? Would you object to having to give your payroll check to a slave master for free? Well, guess what? You have been doing it all your life. Before the Civil War, slaves knew they were slaves. They took your chains off, making you think you were free, but you still give them your labor for free.
What would the voters say if Congress voted to have two classes of citizens? We have the masters and the slaves. Congress just outlawed equal protection (our Constitutional right) which ends two classes of citizens, The new law allows masters to get nearly all the property in the nation for free. The slaves must pay rent to the masters to use the master's property. As you pay rent, the masters get your labor for free. You have to work to earn a payroll check and you must pay the masters rent for your car, home, farm, TV, refrigerator, furniture, and everything you have. If you refuse to pay the rent, the master takes you to court and the judge has the sheriff take your car, home, farm, TV, and other assets away and returns them to the master. The master then rents your car, home, and TV out to another slave willing to work for free and pay the rent. We just described the economics of banking in America.
The bankers are the masters and you are the slave. You want to buy a $20,000 car. The master (banker) prints up $20,000 of new money and buys the car from the seller. The master has a lien (if the borrower does not repay the loan, the master has a right to foreclose and take your car) on the car. A lien means that the bank/master really owns the car. Now you must work to earn $20,000 plus interest and give the banker your time for free. Every time a slave wants a home, the banker/master prints the money and buys the house. The banker/master gets the house for free and you must work to earn a payroll check to buy the house from the master. EVERY TIME YOU FINANCE A CAR OR HOME, THE MASTER GETS THE CAR OR HOME FOR FREE AND YOU MUST WORK TO BUY THE CAR OR HOME FROM THE MASTER.
The banker/master must stop you from counterfeiting money like the master. If you could counterfeit money, you would become the master and the banker no longer gets your labor for free.
The master understands that if everyone (masters and slaves) could print counterfeit money, then everyone would just stop working and print money. Everyone would have a living room full of newly printed money. The master would not have any food nor gas to put in his car because everyone stopped working. The master understands the difference between wealth and money. Assets are wealth. Assets are things you can sell. You can sell your house, car, farm, TV, gold, silver, food, and your labor. You sell your time to your employer for a payroll check that you can exchange for a TV or food. When a master counterfeits money, the counterfeit money is used to get your wealth for free. The master prints up money to buy a house for free and then he gets your labor for free. The master knows that he needs you working so you produce wealth that he can get for free. The farmer works to produce food. The truck driver works to get the food to the grocery store. Employees at the grocery store work to get the food to you. People work to get the gas to the gas station so you have gas to put in your car. Carpenters, plumbers, electricians, roofers, and brick layers will work for 4 or 5 months full time building a house. The master simply works for 5 minutes to print up the money to own the house for free. The master needs you to work and produce wealth so he can get it for free, simply by printing money. Then you must work to pay rent to the master to use the car or the house you built. When the master counterfeits money to obtain your wealth for free, the newly printed money creates inflation. Inflation decreases the value of the money that slaves have in savings accounts. Inflation increases the cost of buying food and medicine for their children. Inflation is like a tax.
In 1913, the income tax and Federal Reserve Bank came into existence. The IRS is merely a collection agency for the Federal Reserve Bank. The national slavery is simple. The government prints the cash. The government gives the cash to the bank for free (for the cost of printing the money which is about 3.5 cents for a $100 bill). The bank loans the same cash to the government. This created a $5 trillion government debt we now have. It is impossible to pay off the $5 trillion of national debt the way lawmakers structured the system. Now, taxpayers must pay IRS taxes to pay the bankers $5 trillion plus interest every year. According to former Congressman Bob Dole, in 1995, nearly 40 percent of personal IRS tax collected went to pay interest on the national debt.
If you do not pay the tax nor give your labor to the banker for free, the judge confiscates your bank account, car, and home. They throw you in prison and force you into slave labor in a prison work camp. If we followed President Lincoln and end the slavery, the government would issue United States Notes (cash) and never give the cash to the bankers for free, only to be returned to the government as a loan. Honest Abe would never enslave us like our Congress has today.
If banks loaned other depositors' money to you, it would be like getting a loan from your neighbor. No one counterfeits money and becomes your master. No one gets your labor for free. There is equal protection under the law. No masters and slaves. No one gets the nation's assets for free.
Today, nearly half of the taxes go to the bankers for free. The bankers get your money for free and returns it to you as a loan. Economically speaking, it is similar to a thief who keeps stealing your car, selling it for cash, and returning the cash to you as a loan. This forces many wives to work to pay for the car that was just stolen. If someone kept stealing from you and returning the value of the stolen property to you as a loan, you would be in perpetual debt and have little money with huge monthly loan payments. If you stop the stealing, your wife would not have to work for the master for free. Your wife should not be forced to work for the master for free just to stop the master from foreclosing or forcing you into bankruptcy. A husband should protect his wife and family from the economic effects similar to theft, counterfeiting, swindling, and slavery.
How many hours a week do you work for the master for free? Add up your house loan payment or rent (your rent payment is given to the landlord who gives it to the master), car loan, and bank loan payments you make every month. Add in your monthly credit card payments. Add to this figure, half of the taxes you pay to the IRS, to your state, and county. Be sure to add in sales tax, real estate tax, gas tax, and income tax. Much of the tax goes to the banker for free. Divide this by your monthly gross income. This is the percent of labor you give to your master for free. Example: Your monthly bank loan and credit card payments are $2,000. Half of your taxes you pay for the month comes to $1,000. The master received $3,000 from you for free. Your gross monthly wages are $5,000. If you take $3,000/$5,000, you work 60 percent of the time for the banker for free. This means that if we correct the problem, your wife could stop working, you could work, and the family would have the same standard of living as if both spouses worked and gave 60 percent of their money to the banker for free. If we correct the problem, your wife would have the option of working or not. If she worked, it would be like doubling the family's income. The banker no longer gets her payroll check for free. Your wife gets to keep her payroll check and spend all of it on herself. The banker does not get 60 percent of her money for free. Today, the banker gets 60 percent of your payroll check for free and uses it to buy that fancy house and take those dream vacations that bankers take. If you stop working for the banker for free, the dream vacation you were giving to the banker for free is now your dream vacation. The house you gave to the banker for free is now your house. When you stop being the slave, you will have more time and more money. When you stop being the slave, you will have more time to spend with your spouse and children and have more wealth and money. What would you be doing if you did not have to work? Would you take your children to the zoo? Would you take a vacation? Would you have fun relaxing?
Many wives make more money than their husbands. The point is, no woman should have to work for a banker for free. Many wives and mothers want to stay home and be with their children, but they are forced to work for the banker for free. You work for free while you are forced to pay someone else to raise your children. Wives should have the option to work and not be forced to work for free.
We ask every woman to give this information to their hairdresser. We want every woman to understand what the bankers have done to us. One beautician knows 100 other ladies who do not want to work for free. If we had 20 beauticians in every state spread the word to 100 women, we would have 100,000 women telling all their girlfriends. Millions of women would know about this modern day slavery and stop it. Women would no longer allow the men (bankers and Congressmen) to enslave them. Real men will join us. Men who truly love their wives will end the slavery and give their wife the option to work or not. Slavery of men and women should be ended. Money problems cause the majority of divorces. Should anyone give half their labor to the banker for free? Do you want your children to be slaves?
Why have you not heard this from the media? The media profits from your slavery when they accept advertising money from the masters. Masters own or control the media to be sure that you never learn about your slavery. If you learn the truth, you will object to the chains of slavery. The money masters create money and use it to hire the best politicians that money can buy to ensure your slavery. If any politician, judge, or sheriff ever want to set you free from slavery, the masters simply fund that politicians' opponent who will keep you in slavery. Read Tom Schauf's book and you will see how bankers manipulate money to create recessions to increase profits. You are forced into foreclosure. Imagine a $250,000 home with a $100,000 mortgage in foreclosure. The bank can tell a politician about the property, loan the politician $100,000 to buy it, and then, two weeks later, sell it at auction for $250,000. They both profit from your misery. Laws are used to take your wealth and give it to the masters. Laws are used to control you and stop you from ending your slavery. The Constitution was written to stop this slavery. They can only fool the uninformed. Now do you understand why they do not want the slaves to have guns?
The Constitution gives us equal protection which prohibits two classes of citizens ( masters and slaves). The Constitution demands that we use gold and silver coin to prevent slavery. The Constitution prohibits credit (money that the banks create, forcing you into slavery). The next time the media or politicians make you think we are following the Constitution, you need to know who is lying to whom. They do not want you to understand modern day slavery. If you understand and object, they will not get your wealth for free. There are great profits to be made in slavery.
Their next goal is to ensure your slavery through a cashless society, giving the banker absolute control over you. Will you be slave or free? In this summary, we define counterfeiting as creating money. It does not mean that the banker committed a crime. When we use the words, steal or theft or swindle, we only mean that the banker received something for free or counterfeited money. It does not mean the banker committed a crime. We are not saying the banker is a criminal. The voters deserve the government that they voted in. Will you vote for a politician representing the masters or the slaves?
Who is fooling whom? The bankers are trying to talk us into a cashless society. That will give the bankers absolute total control over the slaves. They will not have to place shackles on your wrists or ankles to enslave you. This is the time to join us, and act together, and change the laws.
The banker was the master and you were the slave because he understood money and banking and you did not know why it was so important for bankers to loan other depositors' money and not create money. Will you join us and become free and wealthy or will you remain a poor slave forever? The vote of informed slaves will stop slavery and enforce the Constitution giving us equal protection. President Lincoln was right all along.
This summary hardly scratches the surface. Tom wrote two books in every day language exposing it all. Each book comes with its own cassette tape.
America's Hope: To Cancel Bank Loans Without Going To Court, Volume I, by Tom Schauf. The book has about 250 pages and over 50 chapters. It shows the readers how to argue the bank loan agreement like a CPA, expert witness, would in court. Bankers fear you learning this information. Some lenders have offered to zero out a car loan and let the borrower keep the car or have the borrower pay 50 cents or 20 cents on the dollar, and the bank zero out the loan, and the borrower keep the house, or car, or item purchased. Tom Schauf does not guarantee individual results. Tom's next goal is to help 5 million people at one time. Tom wants you to read the book so you can help teach others. When you read the book you will see why bankers do not want this exposed in court. Bankers hope you do not read this book. Get the book before we settle out of court and this book is no longer in print.
The American Voter Vs. The Banking System, Volume II, by Tom Schauf. The book has over 300 pages and 40 chapters. This book is a continuation of Volume I. You need to read Volume I before reading Volume II. Volume II gives more details and more sophisticated arguments an expert witness would use in court or arguing the bank loan agreements. It has over 600 questions the bankers fear you may ask. The book gives more proof and convincing arguments plus court cases the bankers lost. Volume II gives you the Federal Reserve Bank publications and page numbers admitting Tom Schauf is correct.
The big lie is very simple. Banks lent you other depositors' money. If the bank lent you other depositors' money, you feel you have an obligation to repay the money. If you believed the bank lent you other depositors' money, you would not know the bank recorded a loan from you to the bank. You would never ask the bank to repay the loan from you to the bank. For the bank to get the liens on the nation's assets for free, they must make you believe they lent you other depositors' money.
If people are lied to often enough and believe the lie is the truth, they will think the truth is a lie. Tom's books point out how bankers redefined words to mean the opposite. They want you to be utterly confused so they get your wealth for free.
If I counterfeit $100 of new money and loan the money to you, there is $100 of new money and $100 of new debt. This is called "debt currency." For every new dollar created (counterfeited or printed) and loaned there is one new dollar of debt. We print new cash, give it to the banker for free (cost of printing the money), and he returns it to the government as a loan. This process created the $5 trillion of debt taxpayers must repay to the bank. The bankers got richer and the taxpayers got poorer.
Lincoln printed United States Notes (cash). He used the cash to pay for the Civil War. There was no debt and no tax to pay for the Civil War. People call Lincoln's cash " debt free currency."There is one problem with Lincoln's cash. He called it a "NOTE". A Note means you owe money. Lincoln should have just called it "U.S. money." The bankers used the word "note" to pass one law to destroy the value of the note. The bankers greatly profited from this one law. If the bankers have the wealth, they use the money to hire politicians to pass laws that add to the bankers' profits and control over the people. Their next step is a cashless society giving them total control over you.
Lincoln had the right idea. He should have named his cash "U.S. money."
Gold and silver has some advantages. There is a problem. History shows bankers manipulating the price of gold and silver.
If the government prints $10 billion of Lincoln's money, taxpayers' taxes are cut by $10 billion and the debt is reduced by $10 billion. If we give the cash to the bankers for free and they return it to the government as a loan, the taxpayers have $10 billion of more taxes to pay and $10 billion of more debt. The media, politicians and bankers benefit by forcing you into more taxes and debt. If the voters understand money and banking, they would vote to change the system. Can you trust a politician who did this to you? Politicians blame you for voting in elected officials representing the bankers. They claim you get the government you voted in. We know the politicians could have fixed the problem. They were more interested in collecting money from the bankers then representing the people who voted them into office. They had to keep the truth from us.
If the voters learned the truth, would they vote for more debt and taxes or less debt and less taxes? Would they vote for the economic effect similar to stealing, counterfeiting and swindling or stopping the swindling? Those opposing Tom Schauf are opposing equal protection.
If a robber stole $1,000 from you, it is nothing compared to what the bankers got from you. The bankers used the judge, sheriff and lawmaker to get your wealth for free. The media remained silent. Can you trust the media? Withholding the truth is equal to lying. Now people are asking about the other things the media has remained silent on. If Lincoln's cash was the only money, the economic effect similar to stealing, counterfeiting and swindling would be ended. The bank could not use the promissory note as new money.
Also read:
America's Hope: To Cancel Bank Loans Without Going to Court
Are You and Your Wife Working as Slaves for the Banker?
The Borrower Should Repay the Lender
Source: https://discharge-debt.com/id135.htm
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