Money as Debt II Promises Unleashed (6 of 8)

[NicaZeeO]

Is that Sir Evelyn de Rothschild @ 8:23?

[xtofury]

the silver ad there is a pyramid scheme, buying a 1/2 oz of silver at $42 to partake in a pyramid scheme to potentially get more when suckers come along, all while getting you to pony that up month after month. PFFT. SCAM. This video is about ponzi schemes people aren't stupid enough to click your link (or are they, but then I don't understand why such a dummy would watch this vid).

[delyparker777]

If you haven't seen The American Dream Cartoon, The Money Masters and The Creature From Jekyll Island, I very highly recommend them. They are right here on youtube also and they expand on this video.

[kkbose]

Now i am fucking pissed of at Banksters

[sqekcx]

I don't understand the part from 7:19. I don't know what it means.

[coolhandfinn]

now we are getting to the good bit!

[ifkbischoff]

Bills of Exchange are not debt instruments. They are not contracts enforceable under contract law. Their use is regulated by the Law of Bills and Notes. The commercial banking system in the U.S. until 1934 acquired Real Bills at discount and under charter issued redeemable bank notes against them. Banks were required to take out of circulation any amount of bank notes in excess of the value of Real Bills held. Trouble started when excess bank notes were used for longterm investments.

[slowmopoke]

how did a guinea pig have sex with a horse?!?!?

[MONOPOLY35]

The banks have made many mortgages without putting a legal consideration of their own. Therefore, a lot of foreclosures have been delayed until next year. Fortunately, if the world does end in December 21, 2012, many of them will not have to worry about foreclosure. If they do get foreclosed that year and then the world ends, they won't be homeless for long, LOL!!

[selfresonator]

this is the reason why when people have their houses taken away, banks can still try to take them? but how? the banks DO NOT own the house. just a loan. they do not have the deed. where is the original deed? who the fuck knowS!! so when they come and try to take your house, tell them fuck you, they cant legally take your home cuz THEY DONT OWN IT. no one does, itsall based on a false trust of money. they must show you the original deed. but dont worry, they will fight you tooth and nail, friend.

[kingswilliam]

Whew, that was a lot longer than I expected

[kingswilliam]

@Youreallsheople If you go bankrupt, then all of the money you are unable to pay effectively disappears. This causes a degree of instability in the currency (USD, for example). If an important structure such as the company that facilitates monetary exchange (a bank) goes bankrupt, then we're all screwed. If all your wealth is based on a temporary boost that requires other people to create, and pay back in full, then you have to be careful that enough of that money exists to cover your own ass.

[kingswilliam]

@Youreallsheople This is fraud, because if people treat it *as if it were* USD, then it appears to have increased the amount of USD in existence. However since money gains its value due to its connection with limited, real goods, and the amount of real goods has not changed, then we have also devalued currency that is held by everyone else *temporarily*. When the promise is fulfilled, the promissory money is destroyed. However, if we keep on creating promises because we get interest in return...

[kingswilliam]

@Youreallsheople All we would do is each make a promise to give the other US Dollars, and we would make lots of small amounts of these promises. No money is created, since the promises cancel each other out. Then, we can assign the contract to a third party. If the third party trusts our promises, and is able to exchange this to arbitrary fourth and fifth parties, then the promise itself has become money. "Money" has been created, without actually creating US Dollars. However:

[kingswilliam]

@Youreallsheople Yes, but in the case of banks it is being used in a different way. The creation of money by banks depends on contracts being exchangeable just like money. If you remember the earlier description of 'market notes', money is fundamentally a medium of exchange, and need not be a recognized currency. If the contracts are used as a medium of exchange, they are by definition money. At very least before the rules of accounting, you and I could create money in the same way as the banks:

[TheBDASays]

The real lesson of this video judging by some of the comments: 'a little knowledge can be a dangerous thing'

[srkh28]

brilliant.

[Chrome585]

i don;t understand what's so sinister about forcing a person to uphold their contract to a third party. They would have had to do THE SAME EXACT THING with the person they signed the contract with. Why does the second half of this video make a big stingshit about forcing a person to do what they were already planning on doing, and what they promised to do, just with a different person? There's gotta be something I'm missing.

[kingswilliam]

Since the sum total money created is zero, a pair of assignable contracts can create money and anti-money pairs, that is to say a promise to pay, and a promise to be paid (by the borrower). However, when you create many such pairs so that one could not conceivably honor your promises without the majority of promises owed to you also being honored (which is not true in strenuous situations such as in the housing crisis)...this has the potential to go seriously, seriously wrong.

[kingswilliam]

@kingswilliam The addition of usury into the system, besides causing a host of other problems (large differences in wealth between the rich and poor), essentially guarantees the unstable situation described below.

[Youreallsheople]

@kingswilliam Isn't this the same as fractioning a debt? Some people want to sell a debt to another person because they don't want to deal with the headache of collecting the money. The debt seller must lose a little money than if they hadn't sold the debt but the borrower ends up paying the same money in the end (P + I). Are you saying that if somebody who owes you money doesn't pay you back and you then default because of that, that starts a chain reaction?

[Youreallsheople]

@Youreallsheople I meant factoring the debt. So long as there is no fraud, there shouldn't be any problems.

[Youreallsheople]

The author of the video is wrong. The mortgagee can ask to see the note. If the title has not changed hands properly, the mortgagee does not have to give up the property. The chain of title must be documented correctly.

[Youreallsheople]

I don't see what's wrong with selling contracts including mortgage contracts. What's so bad about it? It's like money. If the investor finds the mortgagee defaults on payments, the investor can seize the house. The house is collateral. The investor has to make sure he has full title to the house though when they buy the contract.

[HANA3364]

Woohw....wait up...are we actually indebted to the bankers?? I don't get where the trillions of dollars of debt is coming from. I thought since it the beginning it starts with a debt or credit and then with credit? wait that doesn't make sense so there is no actually money here...........i am hella comfused here!!!!

[yourmajezty]

@HANA3364 watch Zeitgiest ademdumm. it explains it simply.

[xylemphoenix]

"Religion is what keeps the poor from murdering the rich" -Napoleon Bonaparte

[delyparker777]

@xylemphoenix, LOL! That was a great quote. Thanks for sharing! LOL!

[catch22af]

Read Catch22, there's something in there about business and their wiley ways.

[oblark]

if bills of exchange were viable, why are there so many bounces?

[kitsilog]

if only people were contented on what they have, those bankers will be buncrupt

[unytcommsys]

@kitsilog No one is content with what they have. That is human nature. Greed is part of the evolutionary process.

[kitsilog]

@unytcommsys I am contented on what i have, well that's the way my parents raised me, and we are not that rich, that's why i understand if they don't buy me things that i want, just a sharing, hehehe .. :)

[MrMick73]

if you like this video watch Zeitgeist if you havent already or find out about your strawman , apparently the US GVT sold your birth certifcates to create debt. Watch THE ANITTERRORIST on youtube. Look into Strawman and Admiralty Law. there is more to this than just creating money, it is about perpetual slavery. . Remeber , Hitler killed not one person, other people did it !

[mali75851]

I dont understand a single word :(

Its too complex to understand.

[LuqmanNaq]

@mali75851 This is a genuine reply... if you want to understand this in much simpler language and told via an amusing story check out the book 'why and economy grows and why it crashes, by Peter Schiff', I assure you after reading that you'll be able to get alot from this documentary. The book is designed to teach laymen basic economics, and from my experience it does just that, please recommend to others if you like it.

[SunShine8308]

@mali75851 You're probably too young. When you start traveling a lot more and noticing things about debt, it will make more sense. In other words, the banks are bigger than the law.

[delyparker777]

@SunShine8308, that is why it is so CRITCAL to expose the FEDERAL RESERVE and the banking system as a CON and a FRAUD! Please tell as many people who will listen to watch these documentaries!!!!

[KripDrip]

what con? what fraud? The federal reserve does nothing to me. What difference would it make? Today, I go to work, eat, sleep, and live on my life. Was it any better before the federal reserve when it was legal to kill black people and women couldnt vote and no one lived past 40 and you were on your own with no one to help you and you die???

[celnuk]

@SunShine8308 Beyond that he's just outlined the beginnings of maritime law which we all contract with in all sorts of ways (birth certificates, drivers licenses, etc., etc.) thus waiving our common law rights as people and contract instead as a corporation.

[Shaireece]

So we have to thank england for this mess :P

[ThoughtCriminal912]

and who are the banksters. Mostly jews

[john5246]

@ThoughtCriminal912

You mean Central Bankers like Ben SHALOM Bernanke?

[ThoughtCriminal912]

@john5246

among others, but especially the Rothschilds

[whalepoop]

NO contract is valid as there is no consideration anymore, hence the working of acceptances for value and the original wet ink blue signature the bank can never produce - its all fraud basically

[xadam2dudex]

reverse mortgages are a scam the banks are using to get ur property after u die.. first make u too poor to keep ur house then buy it from u at discounted rates

[OneManAndHisFiction]

A third party can only enforce the Bill of Exchange if you are acting under a title (such as "Mr.", "Mrs.", "Esq.", "Lord" etc.) showing your duty under that society, or now if you are operating behind an "artificial person" with fiduciary duties as trustee thereunder.

If you, the natural person at law, is named Bob Smith, then often is created an "artificial person" under their corporate-commercial jurisdiction named BOB SMITH.

An artificial person is an artificial juristic entity or Strawman

[ThorlikeSmash]

@OneManAndHisFiction

I've heard of this Strawman before. Bob Smith is something like Bob: Smith, Bob, family name Smith, if I remember correctly. Something to do with the government or banks buying you at birth with your birth certificate. Can you recommend any reading on this subject?

[RCEbooks]

I like the part where the little dweeb falls off the treadmill in the beginning!

[cds162]

RCE

except if you were that little dweeb

[LeCommensale]

This part of the movie confirms the fact that the basis of the world monetary system was created in England.

[SouthFacedWindows]

England monarchy is root of all Evil

[OneManAndHisFiction]

the Crown is actually a roman corporation - an outlying corporation of the Holy Roman Empire that took the British Isles by conquest in 1066, and is also the Executive Branch of the Parliamentary Government and the Crown Temple in the City of London.

The one who plays the created role; 'King' or 'Queen' of the Crown corporation is the Chief Executive Office and the Commander-in-Chief of the armed forces under the Roman corporation.

This contrasts with the common law - the law of the people.

[garethw14]

I'd say that comment is roughly as accurate factually as it is grammatically.

[jimiray1]

Look at the view count from the first part of this video and then compare to the view count of the following parts. Sad .... willful ignorance.

[SouthFacedWindows]

Ya they have tuned to reality tv like America got talent or Some shit got Ass..something like that.

[Maximara]

Actually Usury has been shown to have existed in the form of "Food money" as far back as 5000 BC. Also the fall of Rome was due to many factors then just simple overspending.

[TheLivingDeadOne]

They get property the world over,. valued at what? Less,. land is only worth what someone can pay, and if they bankrupt us all,. they will own the land, then we will have to kill them to get it back,.

[therealmetroidmaniac]

Rich vs. Poor War. Hmm.... Whoever wins, they'll be the losers. I think.

[xadam2dudex]

the rich will use the poor to fight that war

[unytcommsys]

As always.

[KripDrip]

thats not true. No all the people fighting the war and the war in iraq and the war in afgani is poor. Most of them are middle class and well off.

[xadam2dudex]

@KripDrip lol.. yeah right the bulk of the people serving in the US military come from well off middle class families ...u must watch FOX fake news

[TheQuranPolice]

Ignorance WAS bliss.

[peterpan2k]

The powerless stands on ignorance.

[unytcommsys]

I am not all that ignorant LOL ;) .

[RyuDarragh]

"Evil flourishes when good men stand idly by."

[Outboundz]

@RyuDarragh the good men where forced out, when the bad started playing a game.

The good dont play games with life.