Commentary on the mechanics of home loans

Judson Witham
New York
09/22/08

There are no loans originated by a lender.

There is money creation hidden under the color of an obligation imposed within the four corners of the Financial Service Agreement, moving as the Mortgage that empowers the amortization of which it has no standing in law, but lays so well in equity.

Americans need to read the financial laws of their state. They will then discover that the obligation is defined as debt, upon which fees defined as interest may be charged.

The promissory note is the primary part of the bifurcated financial services agreement, with the obligation being the second element.

Read carefully a financial services agreement, moving as a mortgage. Within the terms of this financial agreement, is found the obligation. This obligation will include such phrases, as when noticed by the lender, the borrower shall have a specified time to cure.

Nowhere in the obligation agreement, will be the phrase, after civilly proving the breach in a competent court of original jurisdiction, the borrower will be given time to cure.

In the Illinois Court of Original jurisdiction is the Residential Mortgage board. Why then does the hapless borrower end up served a notice by the debt collector that a summons and complaint has been filed in the local legislative agency, moving as the county court?

Welcome to the fiction of law where those who do not comprehend the law as written may be aliened under the laws of the fraudulent transaction.

An obligation is not a loan, it is a thirty-day payment schedule amortized over a time period, such as five years, ten years, and/or thirty years.

The Promissory note is the statutory operation of law, which gives form and substantiation to the exchange of rights to property.

The Obligation is a confessed judgment, which empowers the lender to serve notice of a confessed breach, demanding the borrower cure, or face the severance of rights to property.

The hereditament, which is the estate entail, accrues, when the homeowner is seduced into registering the trust deed with the county cecorder, in the local legislative agency hall of records.

 

When an American ventures out into the commercially regulated purveyors of goods and services, indirect (excise) taxes are prominently imposed upon the purchase. When registering this Trust Deed the local county recorder imposes stamp and documentation excises.

Why?

When one purchases their private property, such as an air conditioner, are they required to register it with local county recorder? (Those in the Northern Counties of Virginia file information returns on personal property, for the Borg, known as Marxists, dominates their public ministry)

Americans' rights to property have been suborned under the colorful usurpation of law, imposed by a public ministry so corrupted that it lies in equity under its inequitable program moving as public policy.

Public policy is not the law; it is the deliberated usurpation of one’s God Given Unalienable Rights by public ministers who feed off our singular ignorance.

The states of the union surrendered the authority for direct taxes upon property to the federal governance under the Seven Articles of September 1787, which amended the Articles of Confederation and Perpetual Union.

This surrendering of a fiscal policy for direct taxes to the federal governance was accomplished to protect the inhabitants of America form the spurious demands of public ministers who would alien life, liberty and property under the extraneous demands of imposing scandalous levels of taxes to eat out the sustenance of property owners.

The imposition of public policy under the color of property taxes, and a statutory operation of law, such as the obligation empowers and imposes subservience to the Marxist State.

The Marxist State was the creation of Thaddeus Stephens and his Radical Republicans, who were communists to the core statutorily imposing their Statistic beliefs and authority.

President Andrew Johnson in his first Veto Message regarding the first Reconstruction Act of March 1867, stated the Federal Congress was attempting to overthrow the Republic.

You'll find these facts in the Reconstruction Acts, which were statutorily codified as the Fourteenth Amendment of the Constitution of the United States for the Marxist Public Ministers of America.

Direct taxes are imposed upon the state, not the private rights of Americans. The states then have the fiscal responsibility to dip into general fund, or, create an excise tax to pay its federally apportioned share.

Why is the American employer enumerated? Does anyone comprehend why the Individual is enumerated under a nine digit taxpayer Identification number?

The nuances of the law are linear. Nothing has changed in course of Western law since the Prince John legitimized the authority of the inhabitants to substantiate their God-Given- Unalienable rights in his public realm on June 12, 1215 under the Oak Tree at Running Meade.

Rights to property move inclusively under state law. Commercial activities of interstate financial service centers move in congruence to federal banking statutory authorities and the state laws that define financial terms in accordance to the state plan.

Americans have a choice: learn to read the laws, or forever be suborned under the aspirations of a constructive fraud so transparent the black draped administrators ministers dare proclaim it to be law.

If one wishes to secure an understanding of money creation, they should read Modern Money Mechanics, A Workbook on Bank Reserves and Deposit Expansion.

 

This article is the views of Judsun Witham and do not necessarily reflect the views of WJFA. Judson is not affliated with WJFA in anyway or form.