repo is legal if you do not make the payments agreed upon. you sign a contract and the bank PAYS the dealer. you then have to repay the bank. i am seeing that a lot of your videos are full of crap that you seem to be making up.
I thought a vehicle's title remains with the loan company until the contract/loan has been paid in full, as agreed to by the signator. Other loan companies have a lien until full payment has been made. When Signator defaults, loan co. has the right to take posession of vehicle and sell it at market value for all monies owed. Any difference still owed will be billed to the signer of the contract. What make this person, hired by a loan company, guilty of theft or piracy?
The bank never truly "loaned" you anything. Your signature on the promissory note created the funds. They did NOT actually take funds from my account and hand it to you for repayment. Its called expansion of the money supply through the fractional reserve system or in layman's terms FRAUD because they give you the illusion of a "loan." Its the biggest scam on earth.
@RP4409 The legal owner of this vehicle has the right to take possession when terms have been breached. This unfortunate repo man has nothing to do with the so called "scam" as you call it. It seems a cheap and easy shot to accuse him of any wrongdoing.
Wow. Major points for balls doing this in Texas, where these thieves are all heavily armed. I've been stopping these thieves in Ohio since 2003 and get threatened all the time, good to see I'm not the only one fighting these guys.
I never thought to call them "pirates", I'll have to use that one.
I see My country going to shit and all people can do is bitch about the 4409. The people of 4409 have the balls to go out and stand up for this country, what have you done? I have served My country for over 16 years now only to come home and see all the sheple giving up there constitutional right to a socialist entity that has made it clear it is here to destroy the USA. You are doing nothing to stop them just like the Germans did with Hitler. Open your eyes it will happen again if you let it!!!
hahahah, you said it, worthless... thats what your government thinks about you... sheep... bha bah bah bah bah bah bah..... send them to the slaughter.... bha bha bah bah... send them to fight wars in places they cant even pronounce... bha bha bha bha... worthless sheep.... wake up you robot..........
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YOU MUST BE RUNNING OUT OF THING TO BITCH ABOUT?? I DON'T SEE THE PURPOSE OF THIS VIDEO ? ITS PRETTY SELF EXPLANITORY IN THE CONTRACT YOU SIGN WHEN YOU ARE LOANED THE MONEY WHEN YOU GET A LOAN FOR A NEW CAR, YOU GOT TO MAKE PAYMENTS ON THAT LOAN DUHH!! IF NOT THEY TAKE IT FROM YOU , THEY ARE NOT JUST GOING TO FORGET ABOUT IT AND SAY YOU CAN JUST HAVE THE CAR FOR FREE, COMMON ITS COMMON SINCE 4409!!!!!!!!!!!!!!!!!
@bnetx1 probably would have vated for Hitler back in the day or Obama now days. You need to put a big stamp oyour head that says socialist, communist, fashist, democrat so people can see you and kill you like a dog in the street. There are many countrys in the world who would love to have you there and you can live like a slave to the goverment. This Country is suppose to be free but it is people like you who are more warried wether or not Britny Spears is wearing panties. Wake up people!!
Ya, and your dumb ass let the Bank put a lien on you car. So... it's theirs whether the money was created out of thin air or not. Stupid! I see my friends paying off their cars till they are broke, and I've got a beater I bought for 2400 and all it has needed was a new driver's side front wheel hub assembly. Theirs have needed radiators, water pumps, transmissions, etc. LOLOL Well, the way I see it, the world needs suckers.
@ph0chiz0 ....the bank never "bought" you anything.
You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" (you created) by your signature for the car.
You may get it one day grasshopper, but first you have to get out of the matrixx.
@ph0chiz0 ....the bank never "bought" you anything.
You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" (you created) by your signature for the car.
You may get it one day grasshopper, but first you have to get out of the matrix.
@ph0chiz0 ....the bank never "bought" you anything.
You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" YOU CREATED by your signature for the car.
You may get it one day grasshopper, but first you have to get out of the matrix.
@ph0chiz0 ....the bank never "bought" you anything.
You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" YOU CREATED by your signature for the car.
You may get it one day grasshopper, but first you have to get out of the matrix.
@ph0chiz0 ....the bank never "bought" you anything.
You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" YOU CREATED by your signature for the car.
You may get it one day grasshopper but first you have to get out of the matrix.
@ph0chiz0 ....the bank never "bought" you anything. You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" YOU CREATED by your signature for the car.
You may get it one day grasshopper but first you have to get out of the matrix.
Please stop posting videos and giving poor legal and financial advice. And when the swelling goes down in your ego enough please realize that the guy drove off because you were being a jackass and by doing that he probably saved you an ass whooping. Anyway, good luck with learning how the real world works. My 7 year old nephew and you are at about the same level of mental development but you already learned four letter words already.
you make no sense.... when you go to a dealership to get a vehicle without any money, you will get a loan from a bank... you sigh the loan application and the bank pays the dealership for the vehicle on the promise that you will pay the bank back... If someone demands that we return the vehicle and send them a bill, I will laugh at them and tell them to get real..... you are spreading information to the public that is incorrect and will end up making them feel stupid for listening to you....
@TheRepoTeam ....what you said does makes sense to most because that is what we've been taught all our live but banking is NOT what it seems. If you actually knew banking you would understand the debtor you claim is a debtor is actually the creditor :)
The Bank never "loaned" you anything. Your signature on the promissory note created the funds so the bank did not take funds out of one customers account and give it to the dealership. Study fractional reserve banking and you will understand.
@RP4409 As far as I know, a dealership needs real money to pay the real paychecks and the real bills, so the bank has to give the dealership something that amounts to cold hard cash at then end of the day. And without someone giving the dealership something as good as cash, the dealership is not selling that vehicle to you. You can put ur signature anywhere you want, but without the bank telling the dealership that they will buy the vehicle for u under specific terms, ur finding a ride home..
@TheRepoTeam ....Again that makes logical sense to 96% of the public but like I said, they did not take reserves from their bank via your account or others and loan it to me to give to the dealership.
The cold hard cash you speak of was created out of thin air when YOU signed the promissory note. Then the Federal Reserve allowed the bank to multiply that note up to nine times. So $100,000 turns into $900,000
Its a very hard concept to understand because you have to undo all you've been taught.
@RP4409 Ok, so if what you are saying is true, then why is it that ALL courts, financial institutions as well as general public do not recognize your difficult concept? The lienholder is the legal owner and if you do not make the payments, then the bank will take their vehicle back. If the debtor is really the creditor, then why is it legal to steal the vehicle back for the bank? I think you should make a video on your difficult concept to explain more. I am curious on how it could make sense.
@RP4409 Apparently YOU don't quite understand fractional reserve banking. The money they created out of thin air doesn't allow them to create 10X the value. They're only allowed to create 10X the value they have on deposit, in the federal reserve. Deposit 10k, you've got 100k. Deposit ten million, you can create 100 million... You'd better learn more before you spout off. I like your videos, and I like that you've got the balls to stand up for what's right! in this case, you're wrong.
Everyone has the Constitutional right to contract freely. When you sign a contract, and allow someone to put a lien on your car, like ALL vehicular contracts are, you give them the right to do so. YOU agreed to it! It's in the contract! Whether they created the money (out of thin air,) out of the note you signed, you still gave them a security interest in the vehicle. It doesn't matter if they created the security instrument out of nothing. That's how fractional reserve banking works.
Everyone has the Constitutional right to contract freely. When you sign a contract, and allow someone to put a lien on your car, like ALL vehicular contracts are, you give them the right to do so. YOU agreed to it! It's in the contract! Whether they created the money (out of thin air,) out of the note you signed, you still gave them a security interest in the vehicle. It doesn't matter if they created the security instrument out of nothing. That's how fractional reserve banking works.
You just lost all my respect 4409. YOU signed a contract! Knowing what you know, you still did it anyway? You're confusing other people about the law, so you can feel good about breaking a contract you made? They're going to get your car. You signed a contract that gives them that power. Don't be a jackass, and alienate all your followers. It's a learning lesson. Take it as such.
@TheRepoTeam In the history of the world, no decent human being has ever empathized with tax collectors and court clerks...modern day repo men are the equivalent, they work in an area of the law mostly covered in grey and hide behind said laws in order to claim "Legal, legal!!". Yet we all know that in most cases people have fallen behind etc. To make a case for such people is to display an abject misunderstanding of the human condition and the reason people despise tax collectors and repo men.
@TheRepoTeam Besides not understanding Fractional banking, you do realize that the "Pirate" got in his truck and drove off because he wasnt exactly sure who 4409 was and KNEW DAMNED WELL HE WAS GUILTY OF CRIMES and had no clue if any one of those past crimes was being called in. People who work honest jobs and know they are in the right dontg act that way, come on man. That dude was as guilty as sin and he knew it, 4409 knew it, we all know it.
Someone gets their car repossessed the cops do NOT force the bank return it. Inmost jurisdictions reposessions are reportedto the police by the repo guys themselves just to preempt the debtors who try to report he vehicle as stolen. With the exception of Louisiana ALL states allow repossession of motor vehicles without a court order, so long as here is no breach of peace.
oh and another thing.. he ran cause he probably thinks ur not stable going around calling people pirates... i understand the reasoning of *pirates* but everyone is not a pirate .. i know its hard to believe but its true...
i dont exactly know all the laws in each state but until a vehicle is paid off it is still the property of the dealership / financial loaner and u are binded by a contract that u will pay the car off or it will be returned to the dealership.... who do u think hires these repo companys?
until the last penny is paid it is still the property of the lienholder...regardless of how the money was lent/created ect.......lienholder is legal owner PERIOD!!
I've only had contact with two of these pirates. In neither case were they trying to repossess something of mine. One called me a liar when I told him that I did not know the person he was looking for and did not know where that person lived. He went to his truck, retrieved a baseball bat, came back to my porch, and expressed his intent to "beat my effing head in." He changed his mind rather abruptly when he saw what I had on my hip. Never had to unholster. Don't like these people at all.
My car was towed without any notification of the tow forwarded to the police. I parked in a private lot near a university. I found my car, drove it home and then was arrested a week later by the police for stealing it or for stealing the tow service.
Pirate is a mild term considering what I'm usually called. You are educating the public with lies and only causing more turmoil in an already bad situation. Most liars are not around when the crap hits the fan, so I guess this is how you get off. Poor sick puppy--Oh I forgot where did you get your legal degree? Capital Recovery Service A REPO COMPANY
personally, i don't see a problem with repo. it is the system that is broke. we don't address labor and property rights correctly. and a car is a car. you really don't need it, well, unless you happen to own a place near water and food.
To RP4409 regarding the discription. So what your saying that is if my car ever gets towed, demand for its release and don't pay the bill before I get the car, to demand they send me one through the mail or else to call the police? Did I get it right or...?
@DwarfElfZombie...Well it deoends on the tow but under normal circumstances with no court judgement they have to give you the car.
The cops are aware of this and they know they are "stealing it" without due process...
If it were me... and I have done this....Just demand your car and ask them to send you a bill. If not, tell them you are going to call the police and report it stolen.
@DwarfElfZombie youre an asshole who cant mind his own biz walk up on me and film me i dont give a fuck i will still take my collateral u cant stop or the police and call it in stolen idiot they will tell u its a legal repossesion if you have a job u would understand concept of pay what is owed untill you hold a clear title u own nothing u are just another scum bag commie who wants shit for free i guess mommy still pays youre bills
I work for Renaissance Recovery and I am APPALED that you would accuse us of stealing. We are a forwarding house, we work for major lenders across the country. They send us work, we skiptrace the debtors out and then subcontract drivers out to secure the collateral. WE ARE NOT A BANK. Second let me say that our agents ALWAYS carry repossession orders. Our agents DO NOT break the law and DO NOT STEAL cars. If you don't pay your car note, we get the car back! SIMPLE.
@Kaedemoon267 he is right. banks create the money on a computer, collect the interest, and delete the principle from the computer. they loan out 9 times whatever they have in savings.
i'm sure you'd love to force me to shut up. news for you. there are bigger fascists than you. you're just a useful idiot to them. your day of judgement is coming.
you're the one in the middle of a created illusion of the corporate media and political theater. brittany spears, o'reilly, obama, and geico is your sense of reality.
i know macroeconomics and can pass any top college macroeconomics course in the top percent without attending a lecture and barely reading the text for definitions and with essay and multiple-choice questions.
Who's a fascist? I'm not fascist, that's absurd. I disagree with your critique of our fiat currency. I don't think a gold standard is relevant to us anymore, as one might value silicon or uranium too, there's no reason to follow that path.
But in the grand scheme of things, I'm on your side here. I worked for the Paul campaign, but I've had enough of these economic debates, and I didn't find RP4409's redefinition of "creditor" very convincing, it was rather obnoxious.
the neighbors called the cops cause he was so loud and the cop united with him and said you gotta let us in, they didnt have a warrant so i said don't be sucha fucking nazi, then all the cop said was hurry up its cold out here i couldnt help but laugh to my self. they had to wait on me to bring it out to them.
i had a computer from a rental place once and we forgot to make a payment but had set it up to come in the next day on the phone to pay , instead i get woken up by 200 loud knocks the next morning, i yell shut the fuck up not knowing who it was , well its the repo man. he yells ooh you answered the door gotta let me in now!,
If you sign a mortgaged for a home that is backed by the bank... and never pay them back the bank never loses a dime? What?
They paid the old home owner the money for the home. You could ask them "I want my loan in cash" and if they approved the loan, they have to give you the cash. A lone is a promise that you'll pay the money back, once you get the loan you can do what you want with it. Loans like a mortgage are bound to the house, you don't pay you lose your house
And after paying the home owner and the person who has the money from the account withdraws it all... what do they have left? A BILL
That is what caused the great depression. The banks loaned out to much money, and there was a rush of people withdrawing their money from the bank. Eventually the smaller banks without a lot of funds could not give people the money they had deposited and the banks went bankrupt
The idea that banks create something out of nothing and then charge interest on it for private profit might seem pretty repellent. Anyone else doing it would be guilty of fraud or counterfeiting!
(At this stage the bank is gambling that as Sid is spending his loan, the depositors wont all want to withdraw their deposits!)
The bank had a completely free hand in the creation of this £5000 loan which, as we shall see, represents new "money", where nothing existed before. It was done at the stroke of a pen or the pressing of a computer key.
The bank treats the loan to Sid as an ASSET, not a liability, on the basis that Sid now owes the bank £5000.
The banks balance sheet will show that it owes its depositors £5000, and it is now owed £5000 by Sid. It has created for itself a new asset of £5000 in the form of a debt owed by Sid where nothing existed before - this on top of any of the original deposits still in its account at the Bank of England. - it is solvent - at least for accounting purposes!
The depositors are not consulted about the loan. They are not told that their money is no longer available to them The amounts shown in their accounts are not reduced and transferred to Sids account.
In granting this loan, the bank has increased its obligations to £10,000. Sid is entitled to £5000, but the depositors can still claim their £5000.
If the bank now has obligations of £10,000, then isnt it insolvent, because it only had £5000 of deposits in the first place? Not exactly..
Lets take a small hypothetical bank. It has ten depositors/savers who have just deposited £500 each.
The bank owes them £5000 and it has £5000 to pay out what it owes. (It will keep that £5000 in an account at the Bank of England what it has in this account are called its liquid assets).
To people who wonders how these scammers/ banks commit frauds on a daily basis this is how it works. It doesn't matter what country it is, it's the same process.
"The process by which banks create money is so simple that the mind is repelled." Professor. J. K. Galbraith
yes tow companies charge too much and its wrong for them to fleece you while they hold your property for ranson. but really,, if you don't pay for your car then they have every ethical right to take their property back.. don't be a dead beat. pay your bills and you get to keep your stuff
if you don't pay for what you got - you don't get to keep it.
as for due process you really watch too much daytime tv. the due process is your breech of contract. when you violate the terms of your contract you provide every legal means necessary for the note holder to recover his assets.
in cal you don't need a court order. it has to be a licensed and bonded recovery agent (thats the RA# on the truck) or an authorized agent of the lien holder or the owner of the property. the guy left because its proceedure . it keeps pissed off people from damaging your equipment.
TonyTonyTee, are you todays resident dumbass? When someone doesn't pay for their car they contract repo companies with last known address and the car is eventually returned to the rightful owner. What this guy is doing is different.. He's looking for any reason to swipe a car. The towing industry is a rip and everyone knows it. Its a legal form of thievery like the IRS but with less paper work.
it the dead beats do not pay their bills they should have their cars taken or picked up by the repo company.. i am so tired of paying others peoples bills through higher interest rates when i finance something because the deadbets do not want to pay their bills.. they should have their cars taken for being irresponsible. it is a joke in america.. responsible people pay for the deadbeats whether it be in taxes or higher interest rates.. good job repo man.!!!!
I like most of your videos, but often you have no clue how the legal system works. Sometimes the things you say are on par with Ex Posse Comitatus ideaology.
First I would like to say I enjoy most of your video's. But, you shouldnt give people bad leagl advice. Every state has it's own laws for wreckers and repos. But if it's a legitmate tow. As soon as the driver hooks the car up it belongs to the towing company untill the bill is paid. If it's a repo the bank will have their name on your title under lienholder. With that they are the owner and your the co-owner. So they can have THEIR car taken. I have been in auto finance & towing for 15 years.
If a tow company EVER tows your car go down there and demand the property at once and request them to send you a bill.
If they do not then call the cops and the police will make sure the tow company turns over your property." Is why I said what I did. Because that is not always true. You can take loose items from the car in some cases but not always and not all property as in the car it's self. If they steal the car thats another story all togather.
Ya, I dont know what I am talking about. My father only owned one of the largest towing companies in MN while I was growing up. Then again I only have 15 years as an automotive finance manager . So I guess I am clueless about any of these matters. Get REAL and try FACTS vs your opinion. I NEVER attacked you. For that matter I use to hold a higher opinion of the group 4409. Thank you for clearing things up for me. Trust in knowing it's your loss on so many levels. "A pirate" said the clown
You missed the comment before that one, He was the second repo man sent and i let him take van if he would sign papers that agreed that i made a verbal and written contract that i owe no money on it since the actualy loan was made from money printed out of thin air from my ss# and treasury acct. Since it was tech paid already i never owed anything and they already collected for it three times. Payments 1st Insurance on loan 2nd ... but the first repo man was distressed , Im a scary patriot =)
Jabackazoid41...please tell what books you've read on banking ? I''ll put my MBA in finance up against your "what ever knowledge of finance" any day. You are entirely ignorant of the way banks work. Read Jerome Daly vs First National Bank of Montgomery...this will give you an idea of how "Money is created".
WTF!!! hmm where do I begin missouri plates,,, Texas TDLR and Austin texas signs SINGLE WHEEL lift ??(Unsafe) Running plates in Arizona??? Damn I gotta get back into the repo game..
okay Im going to say one last word for you idiots. If you believe that banks which create money out of thin air is wrong; then you must believe that profits that any business makes is wrong too. Thats what a bank is; a business. And it uses some money to make more money. Just like any other business; it creates PROFITS...yeah, out of THIN AIR money is made. But thats called INVESTMENT and profit return. Wow, you people are the biggest bunch of fucking retards.
I think a lot of people are confused about the definition of what money creation is.
Banks do not print money. Okay? Therefore they do not create money in that sense.
Banks DO however make profits, and GAIN money by using your savings to lend out and to collect interest on those loans. Thats how banks make (Gain) money; but banks do not make, meaning to print, money. They cant. Thats the treasury department.
Just to get it through all of you retards fucktarded skulls: I DO WANT THE FED TO BE AUDITED. I think Ron Paul has a good point.
But, should the person who didnt pay their bills get their car towed? YES!!! All you idiots who advocate that people shouldnt pay their bills and that the tow truck guy is a pirate, are theives. The tow truck guy was just trying to make a living; He could care less if you pay or dont pay your bills; HE HAS A JOB, so that HE can make HIS CAR PAYMENTS. retards
How clueless. When you buy a car you sign an agreement to actually pay for it. If you fail to live up to that agreement the bank/dealership has the right to repo it. No prior court judgement is needed. Ignorance of the law is not a defense or an excuse to be a deadbeat.
when you buy a forigen car you are sending the payment to commuist car company who support communist goven in china. Most people are deadbeat. they support taxation (usery/slaver) and banker law (not constitution). most american support they own struggle.
Knowing the law, the truth about banking and more... i held a repo man and his wife hostage until he begged i let him go and told me he would never leave Philly again and try to repo someones car "OUT HERE". When they finally repoed it i made the repo man assume all debt by signing a piece of paper before taking workvan. Once he signed it i no longer became owner of the debt... and it worked :)
Umm a hurr durr; no they dont. Thats up to the treasury department. The federal reserve (although private banking) does say what the money supply SHOULD be. Do I believe the fed reserve should be audited. YES I DO, I agree, it should. But you and so many others here are stupid to actually feel sympathy for a guy who did not pay his bills and is now getting his car towed. HE COULD NOT PAY HIS BILLS. jesus christ, fucking morons. Thats called LIFE.
Look up the case in 1968 Min. when a guy beat a foreclosure due to the fact that the bank never had anything real put into the purchase. The bank lost, and the judge had a boat accident about 6 months later.
UCC is used more for business and financial reasons. Most contracts are for business. It can help you protect yourself from the banks, IRS, and etc. You have to know how to use it though. I sign this way all the time, but it's never been challenged...go figure...lol.
My Suv QX56 is up for Repo I am behind on payments i lost my job its almost paid off But the bank does not wanna make a deal its over 100.000 miles i mean how much will they get for it i mean i love my Suv Fu?$k the BANKS there Evil
This is why I reserve my rights on every single piece of paper that requires my signature. Federal and state. UCC 1-308. Look it up, it's interesting.
Sick Jedi Mind Tricks with Ill Bill track right here...For the vid 5 FUCKIN STARS MY HOMIE!!! Keep exposing those pirates...Those fukrs took my old car and tried to make me pay them for taking it...Keep up the great work bro!
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Morons. You should learn to pay your bills. Its NOT your car until you pay it off; its the banks; its the BANKS money being used, not your own. Which is why YOU took out the LOAN in the first place.
Why do they do this? To protect their (The banks) own interest; instead of having sleezy jackasses take out loans and never repay them.
The bank does not have money till you sign you signature on the loan paper work.
This creates a data entry credit. This data entry of lets say $1000 then allows the bank to loan out $9,000 more. We can both agree the $9000 came out of thin air it was not taken from someones bank account. So, if they loaned the credit to you did they actually give you anything besides a credit?
It's a hard concept to grasp but once you do it will all make sence :)
umm no idiot; its called fractional banking. The money YOU put into a bank; some is put in reserves; other is used to be lent out. If YOU wanted to withdraw all your money, you could. No problem.
The bank also gets loans from other banks, through the Federal Reserve (And yes I do support the Audit the Fed bill, so stfu); which allows them to back up their loans and to cover withdraws.
You dont get it, you probably dont pay your bills which is why you are pissed. Its NOT your car.
well instead of saying "you dont know how banks work", tell me how it is your car if you cannot pay for it? hmmm? That would be stealing.
So you would have no problem if a guy who makes half as much buys a nice $100,000 car then never pays his bills. Now you are affected because the bank has no money to lend out. Good job moron. You DO NOT know how banks work! Go do some reading young moron who thinks he knows how banks work! Who thinks he can get things for free w/o ever paying!
So the repo business is illegal then? I don't understand. I mean, if you sign a loan, regardless what you say on there.. the Banks have certain terms. Don't pay your bills? They repo it... Please, tell me what I am missing. I do agree with you that the ALPR thing is a little too big brother.
there is no " real" money hasn't been fro quite some time. what you have is a fraudulent money system. based on theft of your assets from the fruit of your labor. In a sense you are a debt slave. rp4409's comment above is accurate, as to the fact that you really only know a very little about how money is created. The FED controls the "fraudulent" money and they create the principle but interest can never be paid because there isn't any funds except you and your labor to do it with.
In a fractional reserve system. The banks need less than 10% of what they lend out. I "give" (there is no giving) you a loan for 100,000, I only need 10,000 to cover your 100,000.
The money you put in the bank is loaned to someone else (who leaves it in the bank as bank credit). Now try to get your money out at the same time with the guy that they loaned your money to. Well, there you have a problem.
In every sector of the economy it's called 'fraud', but in the banking industry it's legal(ized fraud)
Umm no you dont get it. Your second paragraph is basically what I said; except YOU CAN get your money out of the bank if you want to. You have whats called FDIC (protection of up to $200,000), and the bank WILL give you your money. Banks monitor this constantly to make sure they have a steady supply of money.
If everyone from that bank decided to withdraw all their cash at once...well then there would be a problem. But the likelyhood of that happening would be the 1930's again.
You stated that "If everyone from that bank decided to withdraw all their cash at once...well then there would be a problem"
Of course that means they are loaning money out THEY DO NOT HAVE.
You said "if you can't make the payments don't get the loan" and I say "If the bank don't have the money to loan by reserves how can THEY possibly loan it?"
No. They do have that money; Part is in reserves; the other is being lent out. If you wanted to withdraw all your money; you could; and they monitor to make sure they can back it up. Oh, so you are against fractional banking? Okay, then that means the bank would provide ZERO loans. Want that new car? That new house? Too bad, because idiots like RP4409 believe that there should be no such things as loans or credit. Just save up $100,000 and then spend it.
Yes, we would all die without governments and banks being allowed to create money out of thin. Lets not talk about the industrial revolution where gold & silver were money. Where prices fell year over year. Lets just pretend like the industrial revolution didn't provide more prosperity and a higher standard of living for the vast majority of Americans.
Capital comes from savings, not from the printing press.
If your ideas are so wonderful why are we in the midst of a financial crisis?
repo is legal if you do not make the payments agreed upon. you sign a contract and the bank PAYS the dealer. you then have to repay the bank. i am seeing that a lot of your videos are full of crap that you seem to be making up.
blkdrgn1132 6 days ago
People with torches and rope are coming, run pirate run !
cutmonn 2 months ago
Since there's a hamster's-bollock worth of gold left in them vaults the most valuable thing in the bank is your signature?
wesmatron 3 months ago
I thought a vehicle's title remains with the loan company until the contract/loan has been paid in full, as agreed to by the signator. Other loan companies have a lien until full payment has been made. When Signator defaults, loan co. has the right to take posession of vehicle and sell it at market value for all monies owed. Any difference still owed will be billed to the signer of the contract. What make this person, hired by a loan company, guilty of theft or piracy?
greenjeansmjr 3 months ago
@greenjeansmjr
The bank never truly "loaned" you anything. Your signature on the promissory note created the funds. They did NOT actually take funds from my account and hand it to you for repayment. Its called expansion of the money supply through the fractional reserve system or in layman's terms FRAUD because they give you the illusion of a "loan." Its the biggest scam on earth.
RP4409 3 months ago
@RP4409 The legal owner of this vehicle has the right to take possession when terms have been breached. This unfortunate repo man has nothing to do with the so called "scam" as you call it. It seems a cheap and easy shot to accuse him of any wrongdoing.
greenjeansmjr 3 months ago
do they need a repo order from a judge to repo a car for delinquent payment in AZ?????
tsharpmac420 3 months ago in playlist More videos from RP4409
Eh What, A Pirate. I really think you just enlightened him- or he got a call from another pirate as to more loot.
hotchicksandpuppies 4 months ago
Did he really ask what a pirate is?
chavez9999 4 months ago
Awesome!
totalfloat 4 months ago
Wow. Major points for balls doing this in Texas, where these thieves are all heavily armed. I've been stopping these thieves in Ohio since 2003 and get threatened all the time, good to see I'm not the only one fighting these guys.
I never thought to call them "pirates", I'll have to use that one.
xtothefifthpower 4 months ago
OOOOHHH! And he got the license plate number, too! WOW!
friedie1jeff 5 months ago
I see My country going to shit and all people can do is bitch about the 4409. The people of 4409 have the balls to go out and stand up for this country, what have you done? I have served My country for over 16 years now only to come home and see all the sheple giving up there constitutional right to a socialist entity that has made it clear it is here to destroy the USA. You are doing nothing to stop them just like the Germans did with Hitler. Open your eyes it will happen again if you let it!!!
jmkaudio 6 months ago
@wickitklowninaz keep sleeping!!!! your nothing but a sheep....
Ianjcarroll 6 months ago
@Ianjcarroll is that all u dumbasses can say get a life u dumbass and take ur cause and shove it up your ass ur all worthless
wickitklowninaz 6 months ago
hahahah, you said it, worthless... thats what your government thinks about you... sheep... bha bah bah bah bah bah bah..... send them to the slaughter.... bha bha bah bah... send them to fight wars in places they cant even pronounce... bha bha bha bha... worthless sheep.... wake up you robot..........
Ianjcarroll 6 months ago
Guys the point is he was doing it without court sanction, watch the video again after sobering up, geez.
Siva3Enthroned 6 months ago
This comment has received too many negative votes show
YOU MUST BE RUNNING OUT OF THING TO BITCH ABOUT?? I DON'T SEE THE PURPOSE OF THIS VIDEO ? ITS PRETTY SELF EXPLANITORY IN THE CONTRACT YOU SIGN WHEN YOU ARE LOANED THE MONEY WHEN YOU GET A LOAN FOR A NEW CAR, YOU GOT TO MAKE PAYMENTS ON THAT LOAN DUHH!! IF NOT THEY TAKE IT FROM YOU , THEY ARE NOT JUST GOING TO FORGET ABOUT IT AND SAY YOU CAN JUST HAVE THE CAR FOR FREE, COMMON ITS COMMON SINCE 4409!!!!!!!!!!!!!!!!!
bnetx1 7 months ago
@bnetx1 probably would have vated for Hitler back in the day or Obama now days. You need to put a big stamp oyour head that says socialist, communist, fashist, democrat so people can see you and kill you like a dog in the street. There are many countrys in the world who would love to have you there and you can live like a slave to the goverment. This Country is suppose to be free but it is people like you who are more warried wether or not Britny Spears is wearing panties. Wake up people!!
jmkaudio 6 months ago
lol
gargoyle1701 8 months ago
Ya, and your dumb ass let the Bank put a lien on you car. So... it's theirs whether the money was created out of thin air or not. Stupid! I see my friends paying off their cars till they are broke, and I've got a beater I bought for 2400 and all it has needed was a new driver's side front wheel hub assembly. Theirs have needed radiators, water pumps, transmissions, etc. LOLOL Well, the way I see it, the world needs suckers.
amerique101 8 months ago
@ph0chiz0 ....the bank never "bought" you anything.
You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" (you created) by your signature for the car.
You may get it one day grasshopper, but first you have to get out of the matrixx.
RP4409 9 months ago
@ph0chiz0 ....the bank never "bought" you anything.
You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" (you created) by your signature for the car.
You may get it one day grasshopper, but first you have to get out of the matrix.
RP4409 9 months ago
@ph0chiz0 ....the bank never "bought" you anything.
You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" YOU CREATED by your signature for the car.
You may get it one day grasshopper, but first you have to get out of the matrix.
RP4409 9 months ago
@ph0chiz0 ....the bank never "bought" you anything.
You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" YOU CREATED by your signature for the car.
You may get it one day grasshopper, but first you have to get out of the matrix.
RP4409 9 months ago
@ph0chiz0 ....the bank never "bought" you anything.
You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" YOU CREATED by your signature for the car.
You may get it one day grasshopper but first you have to get out of the matrix.
RP4409 9 months ago
@ph0chiz0 ....the bank never "bought" you anything. You exchanged a promissory note with the bank for the car. Your signature on that promissory note created the "funds" There were no "funds" there until your signature....you signed it and poof, the "funds" were there. The bank exchanged the "funds" YOU CREATED by your signature for the car.
You may get it one day grasshopper but first you have to get out of the matrix.
RP4409 9 months ago
lol his kreeper stash...
911mykidsdead 9 months ago
END THE FED!!!!!!!!!!!!!!!!!!!!!
CrucifiedLivesS4C 9 months ago
Please stop posting videos and giving poor legal and financial advice. And when the swelling goes down in your ego enough please realize that the guy drove off because you were being a jackass and by doing that he probably saved you an ass whooping. Anyway, good luck with learning how the real world works. My 7 year old nephew and you are at about the same level of mental development but you already learned four letter words already.
phantomjay0 10 months ago
that is a nice truck!
MARTIALlawdogUSA 11 months ago
That dude was cool. I'm going to grow a stash and get a cool truck with cameras and such.
77bcb 1 year ago
if you dont pay you dont play...
donniebrasco24 1 year ago
You're a moron. You're just hassling a working man, because you're jobless and have nothing better to do.
TheDangerJoe00 1 year ago 2
Dude, 4409, everybody involved with making 4409 possible, I love you, every last one of you, absolutely LOVE YOU, and I support you ALL THE WAY.
breetown123 1 year ago
that's pretty cool you like jedi mind tricks.
Chslosers 1 year ago
I do appreciate how cordial your response was btw....
TheRepoTeam 1 year ago
you make no sense.... when you go to a dealership to get a vehicle without any money, you will get a loan from a bank... you sigh the loan application and the bank pays the dealership for the vehicle on the promise that you will pay the bank back... If someone demands that we return the vehicle and send them a bill, I will laugh at them and tell them to get real..... you are spreading information to the public that is incorrect and will end up making them feel stupid for listening to you....
TheRepoTeam 1 year ago 2
@TheRepoTeam ....what you said does makes sense to most because that is what we've been taught all our live but banking is NOT what it seems. If you actually knew banking you would understand the debtor you claim is a debtor is actually the creditor :)
The Bank never "loaned" you anything. Your signature on the promissory note created the funds so the bank did not take funds out of one customers account and give it to the dealership. Study fractional reserve banking and you will understand.
RP4409 1 year ago
@RP4409 As far as I know, a dealership needs real money to pay the real paychecks and the real bills, so the bank has to give the dealership something that amounts to cold hard cash at then end of the day. And without someone giving the dealership something as good as cash, the dealership is not selling that vehicle to you. You can put ur signature anywhere you want, but without the bank telling the dealership that they will buy the vehicle for u under specific terms, ur finding a ride home..
TheRepoTeam 1 year ago
@TheRepoTeam ....Again that makes logical sense to 96% of the public but like I said, they did not take reserves from their bank via your account or others and loan it to me to give to the dealership.
The cold hard cash you speak of was created out of thin air when YOU signed the promissory note. Then the Federal Reserve allowed the bank to multiply that note up to nine times. So $100,000 turns into $900,000
Its a very hard concept to understand because you have to undo all you've been taught.
RP4409 1 year ago
@RP4409 Ok, so if what you are saying is true, then why is it that ALL courts, financial institutions as well as general public do not recognize your difficult concept? The lienholder is the legal owner and if you do not make the payments, then the bank will take their vehicle back. If the debtor is really the creditor, then why is it legal to steal the vehicle back for the bank? I think you should make a video on your difficult concept to explain more. I am curious on how it could make sense.
TheRepoTeam 1 year ago
@RP4409 Apparently YOU don't quite understand fractional reserve banking. The money they created out of thin air doesn't allow them to create 10X the value. They're only allowed to create 10X the value they have on deposit, in the federal reserve. Deposit 10k, you've got 100k. Deposit ten million, you can create 100 million... You'd better learn more before you spout off. I like your videos, and I like that you've got the balls to stand up for what's right! in this case, you're wrong.
jamis0n998 11 months ago
Everyone has the Constitutional right to contract freely. When you sign a contract, and allow someone to put a lien on your car, like ALL vehicular contracts are, you give them the right to do so. YOU agreed to it! It's in the contract! Whether they created the money (out of thin air,) out of the note you signed, you still gave them a security interest in the vehicle. It doesn't matter if they created the security instrument out of nothing. That's how fractional reserve banking works.
jamis0n998 11 months ago
Everyone has the Constitutional right to contract freely. When you sign a contract, and allow someone to put a lien on your car, like ALL vehicular contracts are, you give them the right to do so. YOU agreed to it! It's in the contract! Whether they created the money (out of thin air,) out of the note you signed, you still gave them a security interest in the vehicle. It doesn't matter if they created the security instrument out of nothing. That's how fractional reserve banking works.
jamis0n998 11 months ago
Don't pay the bill, the car gets repo'd. PAY YOUR BILLS, and this won't happen to you. Simple as that.
jamis0n998 11 months ago
You just lost all my respect 4409. YOU signed a contract! Knowing what you know, you still did it anyway? You're confusing other people about the law, so you can feel good about breaking a contract you made? They're going to get your car. You signed a contract that gives them that power. Don't be a jackass, and alienate all your followers. It's a learning lesson. Take it as such.
jamis0n998 11 months ago 2
@TheRepoTeam you fucking loser. die off like a good cockroach.
Seigu007 10 months ago
@TheRepoTeam In the history of the world, no decent human being has ever empathized with tax collectors and court clerks...modern day repo men are the equivalent, they work in an area of the law mostly covered in grey and hide behind said laws in order to claim "Legal, legal!!". Yet we all know that in most cases people have fallen behind etc. To make a case for such people is to display an abject misunderstanding of the human condition and the reason people despise tax collectors and repo men.
N1k1mon 10 months ago
@TheRepoTeam Besides not understanding Fractional banking, you do realize that the "Pirate" got in his truck and drove off because he wasnt exactly sure who 4409 was and KNEW DAMNED WELL HE WAS GUILTY OF CRIMES and had no clue if any one of those past crimes was being called in. People who work honest jobs and know they are in the right dontg act that way, come on man. That dude was as guilty as sin and he knew it, 4409 knew it, we all know it.
N1k1mon 10 months ago
Someone gets their car repossessed the cops do NOT force the bank return it. Inmost jurisdictions reposessions are reportedto the police by the repo guys themselves just to preempt the debtors who try to report he vehicle as stolen. With the exception of Louisiana ALL states allow repossession of motor vehicles without a court order, so long as here is no breach of peace.
mp0ppe 1 year ago
You're either woefully ignorant or intentionally disingenuous. Someone gets their car rel
mp0ppe 1 year ago
any 4409 vid makes me think ........"Man, this guys got some balls"
1hndman 1 year ago
Back to tresure island to call his boss.
Bristow42 1 year ago 2
oh and another thing.. he ran cause he probably thinks ur not stable going around calling people pirates... i understand the reasoning of *pirates* but everyone is not a pirate .. i know its hard to believe but its true...
nicholas22288 1 year ago
i dont exactly know all the laws in each state but until a vehicle is paid off it is still the property of the dealership / financial loaner and u are binded by a contract that u will pay the car off or it will be returned to the dealership.... who do u think hires these repo companys?
nicholas22288 1 year ago
catch 22
xxxbob3391 1 year ago
So you don't have to?? We still should though, shouldn't we?
JaysThoughts 1 year ago
until the last penny is paid it is still the property of the lienholder...regardless of how the money was lent/created ect.......lienholder is legal owner PERIOD!!
Trruckker 1 year ago 2
I've only had contact with two of these pirates. In neither case were they trying to repossess something of mine. One called me a liar when I told him that I did not know the person he was looking for and did not know where that person lived. He went to his truck, retrieved a baseball bat, came back to my porch, and expressed his intent to "beat my effing head in." He changed his mind rather abruptly when he saw what I had on my hip. Never had to unholster. Don't like these people at all.
TheSFCRetired 1 year ago
SHOT HIM
faraon2012 1 year ago
that was awesome.
greenthums 1 year ago
My car was towed without any notification of the tow forwarded to the police. I parked in a private lot near a university. I found my car, drove it home and then was arrested a week later by the police for stealing it or for stealing the tow service.
Stink808 1 year ago
Call me a pirate and I'll still take your car.
Pirate is a mild term considering what I'm usually called. You are educating the public with lies and only causing more turmoil in an already bad situation. Most liars are not around when the crap hits the fan, so I guess this is how you get off. Poor sick puppy--Oh I forgot where did you get your legal degree? Capital Recovery Service A REPO COMPANY
c102cj 1 year ago
4409 is a coward
316lawdog 2 years ago
i love the AOTP beat
heatsketch 2 years ago
personally, i don't see a problem with repo. it is the system that is broke. we don't address labor and property rights correctly. and a car is a car. you really don't need it, well, unless you happen to own a place near water and food.
jeepndesert 2 years ago
To RP4409 regarding the discription. So what your saying that is if my car ever gets towed, demand for its release and don't pay the bill before I get the car, to demand they send me one through the mail or else to call the police? Did I get it right or...?
DwarfElfZombie 2 years ago
@DwarfElfZombie...Well it deoends on the tow but under normal circumstances with no court judgement they have to give you the car.
The cops are aware of this and they know they are "stealing it" without due process...
If it were me... and I have done this....Just demand your car and ask them to send you a bill. If not, tell them you are going to call the police and report it stolen.
RP4409 2 years ago
@DwarfElfZombie youre an asshole who cant mind his own biz walk up on me and film me i dont give a fuck i will still take my collateral u cant stop or the police and call it in stolen idiot they will tell u its a legal repossesion if you have a job u would understand concept of pay what is owed untill you hold a clear title u own nothing u are just another scum bag commie who wants shit for free i guess mommy still pays youre bills
whiteboy13s 1 year ago 2
@whiteboy13s
LOL!
DwarfElfZombie 1 year ago
I work for Renaissance Recovery and I am APPALED that you would accuse us of stealing. We are a forwarding house, we work for major lenders across the country. They send us work, we skiptrace the debtors out and then subcontract drivers out to secure the collateral. WE ARE NOT A BANK. Second let me say that our agents ALWAYS carry repossession orders. Our agents DO NOT break the law and DO NOT STEAL cars. If you don't pay your car note, we get the car back! SIMPLE.
Kaedemoon267 2 years ago
Kaedemoon267....well Mr Pirate, if you actually knew banking you would understand the debtor you claim is a debtor actually is the creditor :)
The Bank never loaned you anything. Your signature created the funds. Study banking and you will understand.
RP4409 2 years ago
I do know about banking. Maybe you should learn? You spout out crazy conspiracy theory nonsense. Get into the real world please.
Kaedemoon267 2 years ago
@Kaedemoon267 he is right. banks create the money on a computer, collect the interest, and delete the principle from the computer. they loan out 9 times whatever they have in savings.
jeepndesert 2 years ago
Shut up
MEpianist 2 years ago
i'm sure you'd love to force me to shut up. news for you. there are bigger fascists than you. you're just a useful idiot to them. your day of judgement is coming.
jeepndesert 2 years ago
@jeepndesert You are right my friend fractional reserve banking, biggest scam ever.
mackbk718 1 year ago
you're the one in the middle of a created illusion of the corporate media and political theater. brittany spears, o'reilly, obama, and geico is your sense of reality.
jeepndesert 2 years ago
i know macroeconomics and can pass any top college macroeconomics course in the top percent without attending a lecture and barely reading the text for definitions and with essay and multiple-choice questions.
jeepndesert 2 years ago
Who's a fascist? I'm not fascist, that's absurd. I disagree with your critique of our fiat currency. I don't think a gold standard is relevant to us anymore, as one might value silicon or uranium too, there's no reason to follow that path.
But in the grand scheme of things, I'm on your side here. I worked for the Paul campaign, but I've had enough of these economic debates, and I didn't find RP4409's redefinition of "creditor" very convincing, it was rather obnoxious.
MEpianist 2 years ago
@RP4409 He's a Pirate
donjuandonjuan 1 year ago
@RP4409 You say that the debtor is actually the creditor. Can you explain that?
friedie1jeff 1 year ago
Jesuits would have saved us all.
Ryomoto 2 years ago
Gave an awesome rating on this one. Good work. These bastards deserve every ounce of karma life brings to them. I want to see more like this.
MrPolysyllabic 2 years ago 2
the neighbors called the cops cause he was so loud and the cop united with him and said you gotta let us in, they didnt have a warrant so i said don't be sucha fucking nazi, then all the cop said was hurry up its cold out here i couldnt help but laugh to my self. they had to wait on me to bring it out to them.
famasdan 2 years ago
i had a computer from a rental place once and we forgot to make a payment but had set it up to come in the next day on the phone to pay , instead i get woken up by 200 loud knocks the next morning, i yell shut the fuck up not knowing who it was , well its the repo man. he yells ooh you answered the door gotta let me in now!,
famasdan 2 years ago
So what do you do when the cops are the ones that towed your car and impounded it?
Omnignosis 2 years ago
Omnignosis..the cops are worse pirates than the tow truck drivers
RP4409 2 years ago
If you sign a mortgaged for a home that is backed by the bank... and never pay them back the bank never loses a dime? What?
They paid the old home owner the money for the home. You could ask them "I want my loan in cash" and if they approved the loan, they have to give you the cash. A lone is a promise that you'll pay the money back, once you get the loan you can do what you want with it. Loans like a mortgage are bound to the house, you don't pay you lose your house
TRMerc 2 years ago 2
TRMerc...you don't understand banking guy....they do pay the home owner from reserves from someone elses account.
You're just given the illusion of that
RP4409 2 years ago
And after paying the home owner and the person who has the money from the account withdraws it all... what do they have left? A BILL
That is what caused the great depression. The banks loaned out to much money, and there was a rush of people withdrawing their money from the bank. Eventually the smaller banks without a lot of funds could not give people the money they had deposited and the banks went bankrupt
TRMerc 2 years ago
LOL
That punk got owned.
Peridolin 2 years ago 2
That's called Freedom
MihiLibertas 2 years ago 6
Contracts..Know before you sign anything.
MihiLibertas 2 years ago 10
LOVE the video. Stomp out the Pirates! Keep up the Great work...
havnfunhere 2 years ago 2
This is the greatest thing I have seen in a long time.......UH a what whats that?What a douch bag.
DarklordDiggler 2 years ago 3
Part 7
The idea that banks create something out of nothing and then charge interest on it for private profit might seem pretty repellent. Anyone else doing it would be guilty of fraud or counterfeiting!
zo10 2 years ago 2
Part 6
(At this stage the bank is gambling that as Sid is spending his loan, the depositors wont all want to withdraw their deposits!)
The bank had a completely free hand in the creation of this £5000 loan which, as we shall see, represents new "money", where nothing existed before. It was done at the stroke of a pen or the pressing of a computer key.
zo10 2 years ago
Part5
The bank treats the loan to Sid as an ASSET, not a liability, on the basis that Sid now owes the bank £5000.
The banks balance sheet will show that it owes its depositors £5000, and it is now owed £5000 by Sid. It has created for itself a new asset of £5000 in the form of a debt owed by Sid where nothing existed before - this on top of any of the original deposits still in its account at the Bank of England. - it is solvent - at least for accounting purposes!
zo10 2 years ago
The depositors are not consulted about the loan. They are not told that their money is no longer available to them The amounts shown in their accounts are not reduced and transferred to Sids account.
In granting this loan, the bank has increased its obligations to £10,000. Sid is entitled to £5000, but the depositors can still claim their £5000.
If the bank now has obligations of £10,000, then isnt it insolvent, because it only had £5000 of deposits in the first place? Not exactly..
zo10 2 years ago
Part 3
Sid, an entrepreneur, now approaches the bank for a £5000 loan to help him to set up a business.
This is granted on the basis of repayment in 12 months - plus 10% interest more on that later.
A new account is opened in Sids name. It has nothing in it, nevertheless the bank allows Sid to withdraw and spend £5000.
zo10 2 years ago
Part 2
This is how its done. a simplified example...
Lets take a small hypothetical bank. It has ten depositors/savers who have just deposited £500 each.
The bank owes them £5000 and it has £5000 to pay out what it owes. (It will keep that £5000 in an account at the Bank of England what it has in this account are called its liquid assets).
zo10 2 years ago
Part 1
To people who wonders how these scammers/ banks commit frauds on a daily basis this is how it works. It doesn't matter what country it is, it's the same process.
"The process by which banks create money is so simple that the mind is repelled." Professor. J. K. Galbraith
zo10 2 years ago
yes tow companies charge too much and its wrong for them to fleece you while they hold your property for ranson. but really,, if you don't pay for your car then they have every ethical right to take their property back.. don't be a dead beat. pay your bills and you get to keep your stuff
megaduckdick 2 years ago
if you don't pay for what you got - you don't get to keep it.
as for due process you really watch too much daytime tv. the due process is your breech of contract. when you violate the terms of your contract you provide every legal means necessary for the note holder to recover his assets.
megaduckdick 2 years ago
in cal you don't need a court order. it has to be a licensed and bonded recovery agent (thats the RA# on the truck) or an authorized agent of the lien holder or the owner of the property. the guy left because its proceedure . it keeps pissed off people from damaging your equipment.
..
megaduckdick 2 years ago
Great vid!
If the tow operator was acting as a gov. agent, then a due process argument can be made IMHO.
See: "Argersinger v Hamlin".
No one is to be dprived of property or liberty without due process of law.
badfinger11123 2 years ago
Don't get me started on banks. No seriously, I will not be finished with them 10 years after I die :)
So do not get me started or I will raise from the dead after I die and go through this slave my life away bull shit all over again.
Anothercoilgun 2 years ago
TonyTonyTee, are you todays resident dumbass? When someone doesn't pay for their car they contract repo companies with last known address and the car is eventually returned to the rightful owner. What this guy is doing is different.. He's looking for any reason to swipe a car. The towing industry is a rip and everyone knows it. Its a legal form of thievery like the IRS but with less paper work.
slowascharlie 2 years ago
it the dead beats do not pay their bills they should have their cars taken or picked up by the repo company.. i am so tired of paying others peoples bills through higher interest rates when i finance something because the deadbets do not want to pay their bills.. they should have their cars taken for being irresponsible. it is a joke in america.. responsible people pay for the deadbeats whether it be in taxes or higher interest rates.. good job repo man.!!!!
tonytonytee 2 years ago
lol silly you think you pay for theft...keep agreeing dufus
Ackdacka 2 years ago
I hope you lose your job then you wil feel the pain
71Warrior4Jesus 2 years ago
I like most of your videos, but often you have no clue how the legal system works. Sometimes the things you say are on par with Ex Posse Comitatus ideaology.
backtoiron 2 years ago
backtoiron...LMAO you need to watch some more videos.
RP4409 2 years ago
i've watched plenty.
backtoiron 2 years ago
First I would like to say I enjoy most of your video's. But, you shouldnt give people bad leagl advice. Every state has it's own laws for wreckers and repos. But if it's a legitmate tow. As soon as the driver hooks the car up it belongs to the towing company untill the bill is paid. If it's a repo the bank will have their name on your title under lienholder. With that they are the owner and your the co-owner. So they can have THEIR car taken. I have been in auto finance & towing for 15 years.
RESET1776 2 years ago
RESET1776...first, I don't give legal advice.
Second, read the side bar!
RP4409 2 years ago
I did ! "Piece of advice:
If a tow company EVER tows your car go down there and demand the property at once and request them to send you a bill.
If they do not then call the cops and the police will make sure the tow company turns over your property." Is why I said what I did. Because that is not always true. You can take loose items from the car in some cases but not always and not all property as in the car it's self. If they steal the car thats another story all togather.
RESET1776 2 years ago
RESET1776...trust me you have NO clue what you are talking about.
RP4409 2 years ago
Ya, I dont know what I am talking about. My father only owned one of the largest towing companies in MN while I was growing up. Then again I only have 15 years as an automotive finance manager . So I guess I am clueless about any of these matters. Get REAL and try FACTS vs your opinion. I NEVER attacked you. For that matter I use to hold a higher opinion of the group 4409. Thank you for clearing things up for me. Trust in knowing it's your loss on so many levels. "A pirate" said the clown
RESET1776 2 years ago
RESET1776....your right, you never attacked me personaly but you did attack this channel with stupidity.
You claim if it's a "legitmate tow" There is no such thing without a court order and that is what the video is all about.
Again 5th amendment ...YOU CANNOT STEAL SOMEONES PROPERTY WITHOUT DUE PROCESS.
I would like to explain but I simply do not have the time or energy to waste on know it alls.
RP4409 2 years ago
"YOU CANNOT STEAL SOMEONES PROPERTY WITHOUT DUE PROCESS."
unless of course it's not his property
city68 2 years ago
You missed the comment before that one, He was the second repo man sent and i let him take van if he would sign papers that agreed that i made a verbal and written contract that i owe no money on it since the actualy loan was made from money printed out of thin air from my ss# and treasury acct. Since it was tech paid already i never owed anything and they already collected for it three times. Payments 1st Insurance on loan 2nd ... but the first repo man was distressed , Im a scary patriot =)
mercen144 2 years ago
Jabackazoid41...please tell what books you've read on banking ? I''ll put my MBA in finance up against your "what ever knowledge of finance" any day. You are entirely ignorant of the way banks work. Read Jerome Daly vs First National Bank of Montgomery...this will give you an idea of how "Money is created".
Buckhead1959 2 years ago
a what? a pirate? who? me? what? oh....
juserphx 2 years ago
WTF!!! hmm where do I begin missouri plates,,, Texas TDLR and Austin texas signs SINGLE WHEEL lift ??(Unsafe) Running plates in Arizona??? Damn I gotta get back into the repo game..
Repomex01 2 years ago
fucking pirate got owned.
man ran off like a little bitch, lol
odellzz 2 years ago
okay Im going to say one last word for you idiots. If you believe that banks which create money out of thin air is wrong; then you must believe that profits that any business makes is wrong too. Thats what a bank is; a business. And it uses some money to make more money. Just like any other business; it creates PROFITS...yeah, out of THIN AIR money is made. But thats called INVESTMENT and profit return. Wow, you people are the biggest bunch of fucking retards.
Jabackazoid41 2 years ago
I think a lot of people are confused about the definition of what money creation is.
Banks do not print money. Okay? Therefore they do not create money in that sense.
Banks DO however make profits, and GAIN money by using your savings to lend out and to collect interest on those loans. Thats how banks make (Gain) money; but banks do not make, meaning to print, money. They cant. Thats the treasury department.
A lot of you people are idiots.
Jabackazoid41 2 years ago
love your stuff 4409, keep it up!
NARCOPOLO76 2 years ago 3
Just to get it through all of you retards fucktarded skulls: I DO WANT THE FED TO BE AUDITED. I think Ron Paul has a good point.
But, should the person who didnt pay their bills get their car towed? YES!!! All you idiots who advocate that people shouldnt pay their bills and that the tow truck guy is a pirate, are theives. The tow truck guy was just trying to make a living; He could care less if you pay or dont pay your bills; HE HAS A JOB, so that HE can make HIS CAR PAYMENTS. retards
Jabackazoid41 2 years ago
How clueless. When you buy a car you sign an agreement to actually pay for it. If you fail to live up to that agreement the bank/dealership has the right to repo it. No prior court judgement is needed. Ignorance of the law is not a defense or an excuse to be a deadbeat.
pyrite13 2 years ago
when you buy a forigen car you are sending the payment to commuist car company who support communist goven in china. Most people are deadbeat. they support taxation (usery/slaver) and banker law (not constitution). most american support they own struggle.
SteveXnycperformance 2 years ago
wow
LibertyGirls 2 years ago 3
you can say that again..
STPMech 2 years ago
I get it ,,if you don't pay for things in life they get taken away,,understandable
city68 2 years ago
Knowing the law, the truth about banking and more... i held a repo man and his wife hostage until he begged i let him go and told me he would never leave Philly again and try to repo someones car "OUT HERE". When they finally repoed it i made the repo man assume all debt by signing a piece of paper before taking workvan. Once he signed it i no longer became owner of the debt... and it worked :)
mercen144 2 years ago
mercen144...you can't threaten someone to assume a debt for you...lol
How on earth could that be valid in a court of law? He signed it under Duress.
RP4409 2 years ago
4409...Read Jerome Daly vs First National Bank Of Montgomery.
Buckhead1959 2 years ago
It's not a violation of due process because you do not legally own the car until you fully pay it off. Look it up. This video is nonsense.
ZachRB87 2 years ago
ZachRB87....you never own the car even if you do pay it off...You are just under the illusion you own it.
The state owns it!
Blacks law book says you own something when you have complete dominion over something.
Well,if you don't pay the taxes on your house what do they do? They steal it.
So do you really own it?
RP4409 2 years ago
Banks DO create money out of thin air. For Jabackazoid41, Raul Paul talks about this all the time, just watch his youtube videos.
They do create money out of thin air. Did we really have backing for 23.7 trillion dollars worth of bailout money.
My thinking and suspicions on this are now proven to be correct.
Thanks for the video 4409. I have been considering this lately.
josephericlopez 2 years ago
Umm a hurr durr; no they dont. Thats up to the treasury department. The federal reserve (although private banking) does say what the money supply SHOULD be. Do I believe the fed reserve should be audited. YES I DO, I agree, it should. But you and so many others here are stupid to actually feel sympathy for a guy who did not pay his bills and is now getting his car towed. HE COULD NOT PAY HIS BILLS. jesus christ, fucking morons. Thats called LIFE.
Jabackazoid41 2 years ago
Repo man - who's a pirate?
4409 - uh you!
LMAO
odellzz 2 years ago
you guys are heroes keep on keepin it real please! be safe out there <3
rachelabombdotcom 2 years ago
PIRATE hahaha thanks brother....
greatnes4u 2 years ago
Look up the case in 1968 Min. when a guy beat a foreclosure due to the fact that the bank never had anything real put into the purchase. The bank lost, and the judge had a boat accident about 6 months later.
bigc028282 2 years ago
wow...interesting discription 4409...
gunsntrucks1 2 years ago
rofl
Arginine88 2 years ago
UCC is used more for business and financial reasons. Most contracts are for business. It can help you protect yourself from the banks, IRS, and etc. You have to know how to use it though. I sign this way all the time, but it's never been challenged...go figure...lol.
chelle315 2 years ago
My Suv QX56 is up for Repo I am behind on payments i lost my job its almost paid off But the bank does not wanna make a deal its over 100.000 miles i mean how much will they get for it i mean i love my Suv Fu?$k the BANKS there Evil
jamil316 2 years ago
This is why I reserve my rights on every single piece of paper that requires my signature. Federal and state. UCC 1-308. Look it up, it's interesting.
chelle315 2 years ago
Courageous 4409!
thepeacecat 2 years ago
Arrrrrrr! Shiver me timbers!
oppressedinjc 2 years ago
Sick Jedi Mind Tricks with Ill Bill track right here...For the vid 5 FUCKIN STARS MY HOMIE!!! Keep exposing those pirates...Those fukrs took my old car and tried to make me pay them for taking it...Keep up the great work bro!
WhatOneProductions 2 years ago
Cool video. Clearly the guy getting filmed was up to no good or he wouldn't have left in such a hurry.
johnnydistortiontrio 2 years ago
This comment has received too many negative votes show
Morons. You should learn to pay your bills. Its NOT your car until you pay it off; its the banks; its the BANKS money being used, not your own. Which is why YOU took out the LOAN in the first place.
Why do they do this? To protect their (The banks) own interest; instead of having sleezy jackasses take out loans and never repay them.
Jabackazoid41 2 years ago
Jabackazoid41....you don't get it.
The bank does not have money till you sign you signature on the loan paper work.
This creates a data entry credit. This data entry of lets say $1000 then allows the bank to loan out $9,000 more. We can both agree the $9000 came out of thin air it was not taken from someones bank account. So, if they loaned the credit to you did they actually give you anything besides a credit?
It's a hard concept to grasp but once you do it will all make sence :)
RP4409 2 years ago
umm no idiot; its called fractional banking. The money YOU put into a bank; some is put in reserves; other is used to be lent out. If YOU wanted to withdraw all your money, you could. No problem.
The bank also gets loans from other banks, through the Federal Reserve (And yes I do support the Audit the Fed bill, so stfu); which allows them to back up their loans and to cover withdraws.
You dont get it, you probably dont pay your bills which is why you are pissed. Its NOT your car.
Jabackazoid41 2 years ago
Jabackazoid4...You have only grasped a small portion of how banking works.
I can tell by your comments that you only know the few parts you are suppose to know.
Go do some reading young grasshopper :)
RP4409 2 years ago
well instead of saying "you dont know how banks work", tell me how it is your car if you cannot pay for it? hmmm? That would be stealing.
So you would have no problem if a guy who makes half as much buys a nice $100,000 car then never pays his bills. Now you are affected because the bank has no money to lend out. Good job moron. You DO NOT know how banks work! Go do some reading young moron who thinks he knows how banks work! Who thinks he can get things for free w/o ever paying!
Jabackazoid41 2 years ago
So the repo business is illegal then? I don't understand. I mean, if you sign a loan, regardless what you say on there.. the Banks have certain terms. Don't pay your bills? They repo it... Please, tell me what I am missing. I do agree with you that the ALPR thing is a little too big brother.
irshcountry 2 years ago
there is no " real" money hasn't been fro quite some time. what you have is a fraudulent money system. based on theft of your assets from the fruit of your labor. In a sense you are a debt slave. rp4409's comment above is accurate, as to the fact that you really only know a very little about how money is created. The FED controls the "fraudulent" money and they create the principle but interest can never be paid because there isn't any funds except you and your labor to do it with.
danielc121162 2 years ago
In a fractional reserve system. The banks need less than 10% of what they lend out. I "give" (there is no giving) you a loan for 100,000, I only need 10,000 to cover your 100,000.
thedeadtellnotales 2 years ago
Lol, you seriously don't get it yourself.
The money you put in the bank is loaned to someone else (who leaves it in the bank as bank credit). Now try to get your money out at the same time with the guy that they loaned your money to. Well, there you have a problem.
In every sector of the economy it's called 'fraud', but in the banking industry it's legal(ized fraud)
jcvjcvjcvjcv 2 years ago
Umm no you dont get it. Your second paragraph is basically what I said; except YOU CAN get your money out of the bank if you want to. You have whats called FDIC (protection of up to $200,000), and the bank WILL give you your money. Banks monitor this constantly to make sure they have a steady supply of money.
If everyone from that bank decided to withdraw all their cash at once...well then there would be a problem. But the likelyhood of that happening would be the 1930's again.
Jabackazoid41 2 years ago
Jabackazoid41...you answered your own questions.
You stated that "If everyone from that bank decided to withdraw all their cash at once...well then there would be a problem"
Of course that means they are loaning money out THEY DO NOT HAVE.
You said "if you can't make the payments don't get the loan" and I say "If the bank don't have the money to loan by reserves how can THEY possibly loan it?"
How is one bad and the other not?
RP4409 2 years ago
Hey, maybe we can play I game. I have a computer and you have a computer maybe by the clip of a button we can get a new car.... :)
josephericlopez 2 years ago
No. They do have that money; Part is in reserves; the other is being lent out. If you wanted to withdraw all your money; you could; and they monitor to make sure they can back it up. Oh, so you are against fractional banking? Okay, then that means the bank would provide ZERO loans. Want that new car? That new house? Too bad, because idiots like RP4409 believe that there should be no such things as loans or credit. Just save up $100,000 and then spend it.
Wow, you are so retarded.
Jabackazoid41 2 years ago
Yes, we would all die without governments and banks being allowed to create money out of thin. Lets not talk about the industrial revolution where gold & silver were money. Where prices fell year over year. Lets just pretend like the industrial revolution didn't provide more prosperity and a higher standard of living for the vast majority of Americans.
Capital comes from savings, not from the printing press.
If your ideas are so wonderful why are we in the midst of a financial crisis?
JesseKantstopolis 2 years ago
The FDIC already needs a bailout...
JesseKantstopolis 2 years ago
So the banks can create money out of thin air but if we do it we're counterfeiters and deserve to be thrown in jail?
JesseKantstopolis 2 years ago