Shattering the delusions & Busting Banking Myths - (www.BenLowrey.com)

[Firewater3]

Well I posted a question or two, care to answer?

[MrDesCarty]

"Create" real money? is this not an OxyMoronic statement?

[benlowreyhimself]

@MrDesCarty

no it's not an oxymoron i am referring to central bank notes as real money. Please don't debate me i understand exactly what i'm talking about. If you have a question I will answer you but i'm not going to discuss it or debate it.

[padrina1]

You are wrong Ben, Fractional reserve lending could not exist if all loans were backed up by actual reserves. Simple economics Ben, I am surprised that you as a self proclaimed expert in the banking sector didn't consider this.

[matthew3774]

Well as soon as the note is sold your obligation is discharged, since they no longer have the note to prove it.

[benlowreyhimself]

@matthew3774

matt i think you are wrong. they can sell the debt. and they can still collect the payments on behalf of the new owner. that's what "servicing" is. the put it into a trust, then investors buy the shares. that's what securitiztion is. I don't see anything wrong with it.

[Firewater3]

@benlowreyhimself Hi Ben

Dean Clifford clams that a lone agreement is a promissory note created by the signature of the borrower & that the Bank therefore has no risk, are you claiming this is wrong, if you are correct that would indicate also that Ceylon is incorrect in his theory's, will you be discussing your opinions of there errors with them?

Regards

FW

[matthew3774]

@benlowreyhimself Im not claiming there's anything wrong with it, just pointing out that they don't have the note to prove your obligation to them. No contract

[benlowreyhimself]

@matthew3774

having said that, if you ask them to prove it, and they don't then you could win anyway

[benlowreyhimself]

@matthew3774

Yes i do kind of agree. This is what George Tran teaches. Once the note has been pooled into a fund and securitized there is no longer one holder to step forth and request payment. I'll have to ponder this. But i'm not really sure why the bank cannot have the right to collect the payments on behalf of the fund.

[benlowreyhimself]

@matthew3774

but matt the new holder now has the right to be paid on the instrument.

[Cashify]

If the bankers didnt control the politicians, perhaps there would be no injury. You are Forced to participate, because it is debt slaves, tax slaves, that back the currency. That is the infrastructure that backs fiat currency, the mechanisms, carrots and sticks that keep people toiling several months per year just to pay the taxes they owe that year, to bail out the banks that own the defense contractors and receive most federal spending.

[Cashify]

The bailout creates more tax obligation. If cops would just LET you be homeless without harrassment the 'optional taxes' argument might fly. The 16 trillion the fed lent makes the notes in your reerves worth less. They are not taxing gain. They are taxing their inflation, it is theft.

[Analfracture]

The commerical banks create around 90% of the money supply through fractional reserve banking, the other 10% is made up of base money i.e. cash and outstanding revolving credit from credit cards.

[alex121207]

Wow, funny comments i think the ppl are pissed ben.

[abedanger]

I am sorry Ben, it's not my intention to cause you any pain or sickness.

If you subscribe to the thought that a conflict/liability was created when real money (gold,silver, intrinsic value) was taken away and he who brings the conflict/liability *shall (obligation) also bring the remedy (HJR 192), and the remedy was/is Trust (monies of account).

The NAME/PERSON/COMPANY or "subsidiary" is a "foreign financial institution", an unincorporated association/relationship, a Trust or Loan COMPANY.

[chromebul]

Actually, I can see the point you're making. I guess the real issue though is whether "They" recognise the choice of the individual not to use "Their" system or pay "Their" taxes without threat of force or loss of liberty.

[K3ys3rS0ze]

@benlowreyhimself if you are going to shatter delusions and myths, at least back it up with some factual evidence, some banking literature or something similar, it doesn't seems like you have the understanding because the "money" is backed by the credit of the people, people's signature actually creates money, so your statement that the bank gives you some kind of claim to their reserves doesn't make sense at all

[benlowreyhimself]

@K3ys3rS0ze

I assure you I know how it works. I know what backs the money. please go away.

[erelpc]

But it's still new credit that's being created at a multiplied rate and that's new 'money' being spent into the economy. It might balance out in accounting terms, but the monetary supply is expanding exponentially regardless, and this is rampant inflation which is the real problem here.

[h4ppychap]

Ben...the banks do not hold ebnough cash or have enough reserves to cover all credit issued. Why do you think we/the people had to bail them out if they had enough reserves.

Banks operate on a fractional reserve system, they can loan more than they have

this why you can get a run on the bank if everybody wants to draw out there money.

I think you are seriously wrong and not looking outside the system instead are looking at the system.

[benlowreyhimself]

@h4ppychap

go away. i understand how it works.

[taggart64]

LOL the penny has dropped, think you should remove over half of your vids

[Rusl10]

Being so boggled, you seem to know ALLOT less than you think. Especially, you lack the ability to summarize.

[daviddalbylive]

Yes a fractional reserve system that works for everyone, so when you deposit $100 in your account you should get the $900 credit to loan out or spend NOT the corrupt Banksters.

[abedanger]

2:58 , 13:03 , What definition of “complain” or “complainant” are you using?

10:15 , 13:18 , Are you a TAXPAYER?

Are you not “acting” as a “borrower” when one makes a loan agreement with a BANK?

Are you (Man) not deemed to be “acting jointly” or “in concert with” a separate legal entity?

Do you not have a “beneficial interest”/“beneficial owner” in the NAME/PERSON/COMPANY and the COMPANY that created it?

Its time to read the Acts Ben.

[benlowreyhimself]

@abedanger

Wayne I'm getting sick of hearing you say "read the acts" without presenting any explanation of how to get remedy.

[benlowreyhimself]

@superbeauthy

you don't know what you are talking about. You are repeating things you've heard on the internet.

[wesmatron]

@superbeauthy Central banks create the money, they then pass it on to your 'high-street' banks....the 'high-street' commercial banks can't create money. So (if I'm right) the Bank of England creates money, they then release it to the system... ie Barclays and Nat West,

[benlowreyhimself]

@wesmatron

yes the commercial banks can borrow it from the central bank. Or they can sell assets to receive reserves also.

[superbeauthy]

@wesmatron Yes that's true but the act of being able to issue more credit then you have in deposits is in fact the creation of money (or in simple terms forgery). Just because it's not actual notes doesn't alter that fact. Look up what fractional reserve means in banking. If the ordinary person was to make loans greater then his worth he'd be charged for fraud, but that's what in fact banks do. No excuse you make can alter that truth.

[wesmatron]

@superbeauthy I see what you mean. I'm not even close to being knowledgeable about this, let alone an expert, but yes I thought banks could loan money at a ratio of 9 to 1, just not print it....however doesn't that money need to be backed by the central banks?

[imayjustsay]

Who's noticed that Ben becomes somewhat 'bitter' (for want of a better word) with every new video post?

Its like he constantly lambastes his viewers when before it was all lite-hearted 'fun'.

This video is CONCLUSIVE, Ben has be GOT by the system...Traitor! lol hehehe

[abedanger]

*shakes head* You need to dig in, start reading the Acts and their Regulations. Financial Administration Act, Court of Justice Act (Rules of Civil Procedure), Trust and Loans Companies Act, Bank Act, Cooperative Credit Associations Act, Insurance Companies Act, Office of the Superintendent of Financial Institutions Act, Securities Act, Securities Transfer Act, Reciprocal Enforcement of Judgements (U.K.) Act, Estates Act, Winding-up and Restructuring Act, Financial Consumer Agency of Canada Act

[benlowreyhimself]

@abedanger

Wayne, you've listed a bunch of acts, but how about this . . . can you identify the defect if anything I said?

[acesas]

could the a4v work because they are getting the profits from that stuff

Walter Burien talks about - CAFR1. the profits made off of the excess invested taxation money that they have bin reinvesting all these years ? maybe people are finlay tapping into that ? by fluke ? anyways loved the post

[benlowreyhimself]

@acesas

thanks for the suggestion but i do not believe that happens no

[massorganizationusa]

BUT... What about FRACTIONAL RESERVE LENDING If the BAMK has $10,000.00 in reserves they can lend out 30 times that so there is no risk, and how does the bank have the right to lend money and then lend more money and then more money sooner or later the whole world works for them as a slave. Did you bump your head or something Ben.

[benlowreyhimself]

@massorganizationusa

They do not create money. Only the central bank can create reserves. Have they ever failed to convert your drawing deposit into cash? Until they fail to convert you have no complaint.

[Will224000]

...nice try Bank Boy... are you and Charlie cousins ?... I notice the resemblance... same Sell-out...

[benlowreyhimself]

@Will224000

go fuck yourself

[m4dmike]

@benlowreyhimself seriously man the vid is really just promoting the banks, you side stepping the issue of the banks stripping the wealth from a country. this sounds like a case of you using your fame and following to help the banks, fractional reserve is the reason for inflation and the whole banking system has much more wring with it than just the valuable consideration. you are completely missing the point of contract law.

[benlowreyhimself]

@m4dmike

I am not missing the point, i understand the system very well. Please don't comment i'm not interested. If you don't like the currency don't use it.

[m4dmike]

@benlowreyhimself maybe you dont miss the point but the video you have made does. by quite a margin. one serious point you have missed here is that a bank can create money from thin air. theyre lending credit. which is both illegal and unlawful.

[bergweg]

some things are unclear to me: !) If the bank loans me claims on banknotes why not repay them also with claims on banknotes? 2) Does the bank pay it's employees with banknotes or with claims on banknotes? 3) If the bank can't create it's own reserves (banknotes) where does it then get cash and how?

[VerifiedNews]

So the other way to look at A4V is that you are a gov agent, so the gov is liable for the bills. You accept the expense in the name of your employer, the government.

[benlowreyhimself]

@VerifiedNews

yes, that makes sense, even so in that case only the word "accepted" is needed for that. the words "for value" aren't doing anything.

[beefreee]

Its all debt..All they create is debt..Thats my complaint and where the fraud and root of most the worlds problems.

[benlowreyhimself]

@beefreee

"they" is not one entity. the central bank and the commercial bank are separate. the commercial bank cannot create fed notes.

[beefreee]

@benlowreyhimself

True they are not one entity and only the private central banks create the actual paper..But they create credit/debt...that's my complaint.

[VerifiedNews]

bank accounting: your promise to pay is the credit. your promise to pay is a DEPOSIT, NOT a WITHDRAWAL.

[benlowreyhimself]

@VerifiedNews

yes i know the promis is a deposit

[benlowreyhimself]

@VerifiedNews

why would I think a promis would be a withdrawal?

[VerifiedNews]

@benlowreyhimself Why do you think the bank issues the credit?

[benlowreyhimself]

@VerifiedNews

you are using the word credit to include our promis, but i am only using it to mean credit in the drawing account

[VerifiedNews]

withdrawal: If the bank issued the credit, then the monetization issued to you would be a withdrawal. That's according to the theory you present in this video!

[VerifiedNews]

What actually happens is that you deposit credit. The bank cashes your credit.

[benlowreyhimself]

@VerifiedNews

yes they sell it i know. if you want to say the loan agreement is a deposit of credit that's fine with me.

[VerifiedNews]

@benlowreyhimself here's whay A4V is valid: The notes you write are the same as treasury notes (statutory ref in my vids). So treasury has to honor them. That means that treasury converts private debt to public debt. Once it's public debt, you're no longer liable, the public is.

That's A4V.

[benlowreyhimself]

@VerifiedNews

what do you mean "the notes you write"? an A4V is not a note.

[VerifiedNews]

@benlowreyhimself I was talking about your note to the banks you loaned credit to. That's the note in question.

[VerifiedNews]

A4V is simply an authorization of a charge to the gov to cover the expenses of the gov agency (BEN LOWERY)

[benlowreyhimself]

@VerifiedNews

treasury does not have to honour notes which you made. i don't what you meant by that.

[VerifiedNews]

@benlowreyhimself Yes they do. It's statutory. Us Bonds, Notes and Bonds of the UNited States, etc, are, in the federal reserve act are defined to include "certificates of indebtedness" which are the notes WE little people write. They are also statutorily equivalent to US Treasury Bonds.

So, yes, statutorily,the treasury must homor your note as if it were a US Treasury Note. See: Federal Reserve Act, Emergency Banking Act of 1933.

I have the statutes and definitions on a video

[benlowreyhimself]

@VerifiedNews

ok that is something i didn't know

that explains why the government must honour our debt

that explains A4V

(however the money order alone is all that's would be needed, not the words A4V)

thanks for that dave

[benlowreyhimself]

@VerifiedNews

which Title and section of the Act is it? i'd like to take a look

[VerifiedNews]

@benlowreyhimself posted vid response it's there

[benlowreyhimself]

@VerifiedNews

ok thanks Dave i'll take a look

[benlowreyhimself]

@VerifiedNews

Dave it means certificates of indebtedness issued by the United States. I don't know why you think that would include instruments issued by us

[VerifiedNews]

@benlowreyhimself Where does it say that? It clearly defies "certificatesof indebtedness" as "mortgages, etc." And even using your argument, you are an agent of the government. So anything you write is a gov bond. BEN LOWREY is a gov agency.

[benlowreyhimself]

@VerifiedNews

no it does not use the word mortgages. i agree with your agency idea but it does not say what you said it said. it was refering to it's own certs of debt, not other people's.

[VerifiedNews]

@benlowreyhimself Read the definitions. Certificate of Indebtedness. Equivalent ("include") US Treasury Bonds.

[VerifiedNews]

Well, it's a deposit of an asset. That's all that matters. What kind of asset is only incidental. You make a deposit (give the bank money [remember your work on notes-cash]) and the bank pretends it's their money loaned to YOU when YOU loaned money to the bank. Remember it's all backwards...lol you'd hate where I'm going now...Your "credit" is drawn from your heavenly estate and you are assessed for the deduction. When you commit a "sin" (violation) you pay i the form of an "indulgence"

[VerifiedNews]

@VerifiedNews to recharge the estate. See: Emperor Constantine's Great Donation, and Papal Bulls. King George the Arch-Treasurer of the Holy Roman Empire and an interested party to the treaty of 1783 ending the american revolution.

You see, it's all biblical. We're all under the aegis of the vatican and the morphed (into what I don't know yet) Holy Roman Empire who have claimed dominion over the earth and to be God's representative on earth, with the power and authority to manage and adjust

[VerifiedNews]

your heavenly account. What's in the account? Why, FORGIVENESS, of course! Infinite credit i the form of infinite forgiveness of the debt of sin.

That's where the credit comes from. I'm convinced that this is a spiritual issue. That the "credit" that is so elusively defined is actually the FORGIVENESS of debt in christ. They get power of attorney and use that to access your heavenly estate in order to fund their evil. This is the truth. Listen to your spirit and it'll tell you how true it is.

[VerifiedNews]

On your knees, thank God for your time on this planet, and ask him to show you the truth. Ask for enlightenment. You'll see. You will be eventually brought to the path of good vs evil, light vs dark, bondage or freedom, and to a new faith in our lord the christ.

[VerifiedNews]

When you take out a loan, the bank considers that a deposit reserve. Your signature creates the credit. YOU monetize the loan. THEY pretend that it doesn't. You're wrong on this one, Ben.

Your note is sold to treasury. Treasury buys it and then the bank is paid, and the credit is converted from private to public debt. Public debt is a COMMON liability, and therefore BILLABLE to the common!

That's what the bailout was. The banks flooded the treasury with useless worthless loan deposits

[benlowreyhimself]

@VerifiedNews

Dave the loan agreement is not a reserve it's an asset / commercial paper

[VerifiedNews]

@benlowreyhimself Assets held by the banks are reserves. Your loan deposit is part of the reserves from which money is created.

[benlowreyhimself]

@VerifiedNews

you may call the assets reserves but they are not fed notes

[benlowreyhimself]

@VerifiedNews

the loan deposit is not reserves. fed notes are reserves.

[PiPhD]

You are wrong about banks not creating money, every time a bank, any bank, "loans out" money they are literally creating money out of thin air because they leverage their "on-demand" or readily available money up to 80 to 1 in that they loan out up to 80 times as much money as they have on-hand. When someone "pays back" that money then it goes from being invisible money to so-called real money. There is no such thing as "Reserves" because the only thing that is in reserve is more "debt."

[benlowreyhimself]

@PiPhD

you don't know what you are talking about

[PiPhD]

@benlowreyhimself, then why was AIG "repaid" 80 times as much as it invested by the U.S. Treasury out of thin air? There was zero actual money backing up that "bailout." That is money that was CREATED OUT OF THIN AIR!

[benlowreyhimself]

@PiPhD

I am fully aware that the reserve are debt instruments, i didn't need to be told that

[benlowreyhimself]

the on demand is not money it's a claim right to money