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The Bankers Manifesto of 1892
Revealed by US Congressman Charles A. Lindbergh, SR from Minnesota before the US Congress
sometime during his term of office between the years of 1907 and 1917 to
warn the citizens.
"We (bankers)must proceed with caution and guard every move
made, for the lower order of people are
already showing signs of restless commotion. Prudence will therefore show
a policy of apparently yielding to the popular will until our plans are so
far consummated that we can declare our designs without fear of any
organized resistance.
The Farmers Alliance and Knights of Labor
organizations in the United States should be carefully watched by our
trusted men, and we must take immediate steps to
control these organizations in our interest or disrupt them.
At the coming Omaha Convention to be held July
4th (1892), our men must attend and direct its movement, or else there
will be set on foot such antagonism to our designs as may require force to
overcome. This at the present time wourld be premature. We are not yet
ready for such a crisis. Capital must protect itself in every possible
manner through combination ( conspiracy) and legislation.
The courts must be called to our aid, debts must be
collected, bonds and mortgages forclosed as rapidly as possible.
When through the process of the law,
the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the
government applied to a central power of imperial wealth under the control
of the leading
financiers. People without homes
will not quarrel with their leaders.
History repeats itself in regular cycles. This
truth is well known among our principal men who are engaged in forming an
imperialism of the
world. While they are doing
this, the people must be kept in a state of political antagonism.
The question of tariff reform must be urged
through the organization known as the Democratic Party, and
the question of protection with the reciprocity must be forced to view
through the Republican
Party.
By thus dividing voters, we can get them to
expand their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete
action, we can secure all that has been so generously planned and
successfully accomplished." The Bankers Manifesto of 1934
"Capital must protect itself in
every way, through combination and through legislation. Debts must be collected and loans and
mortgage forclosed as soon as
possible. When through a process of las the common people have lost their homes, they will be
more tractable and more easily governed
by the strong arm of the law, applied by the central power of wealth, under control of leading financiers.
People without homes will not quarrel
with their leaders. This is well known among out principal men now engaged in forming an imperialism of
capital to govern the world. By
dividing the people we can get them to expand their energies in fighting over questions of no importance
to us except as teachers of the common
herd. Thus by discreet action, we can assure for ourselves what has been generally planned and
successfully accomplished.
From New American, February,
1934
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TWO FACES
OF A LOAN TRANSACTION
by Robert W. Hopper
The
Transaction Between YOU and the Alleged "LENDER".
You
apply to a Bank or Mortgage Company for a loan to buy or refinance a house
or piece of property. They cannot loan you their own assets,other depositors fund or their own
credit. They need your signed
application and Promissory Note.
The bank or
mortgage company you applied to is known as the
"lender". If the loan is to be secured by real property the lender is also known as the "originator" of the mortgage that secures the loan. The
bank or mortgage company either sells or hypothecates your Note
before you sign the final papers relative to the loan.
In essence they are receiving the proceeds of the sale or hypothecation of
your Note before they purchase or accept your note as a
"loan to
themselves".
The
bank or mortgage company risked none of their own assets in the so-called
loan to you. Rather, they used your note to pay the seller, used your note
to raise an asset to themselves and used the face value of your note as
something called "principle" which they say
they loaned you and against which
they charge interest.
Consideration on the part of the lender is non-existent
and the note was obtained by FRAUD. The Transaction Between
Your Lender and the Bank
So, the
Bank or Mortgage Company, after getting your signed application and Note
then applies to another institutional lender (bank) for a loan in
exchange for your note.
The
institutional lender will acquire
a security interest in the note
the bank or mortgage company obtained from you, on the promise of the exchange for a
loan. To perfect that security
interest, they must either take constructive possession
of the note or file a
UCC-1 Financing Statement to give notice to other creditors that there is a security interest being held against the note. The security interest may also reach to the mortgage. The
institutional lender may contract with the originator of the note to be
the servicer of the note and transfer the note to a
mortgage pool to be used as collateral to underwrite the
solicitation of investors in mortgage-backed securities.
The
bank or mortgage company the
debtor in their transaction with
the institutional lender and you
are the lender in your
transaction with the bank or mortgage company. The institutional lendor
cannot perfect a security interest in an underlying transaction that was
absent consideration
and was a FRAUD. Consideration is essential to an enforceable contract, and to the perfection of a Security Interest. |
