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Get Out Of Debt Free Pt.3.

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Uploaded by on Nov 27, 2009

Find how to Get Out of Debt Free in this 30 minute light-hearted but powerful presentation, offering a unique insight into dealing with debt, Lawfully, Honestly and Truthfully.
Beat the Banks and the Debt Collectors Totally Lawfully and Get Out of Debt Free...

Please visit http://www.getoutofdebtfree.org ..

7 Reasons why Credit Card/Loan agreements are unlawful
or why you don't owe your bank/credit card company anything ....

1. Your Credit Card Agreement is an unlawful contract as it is ONLY signed by you- constituting a unilateral agreement. Contract Law at http://www.getoutofdebtfree.org/UK/resourcesmenu.php#Contract

2. All contracts, in order to be valid, must be signed by someone able to bind the corporation in contract.
Contract Law
3. Banks create money out of thin air- they have no money to lend you.
Fractional Reserve Banking at http://en.wikipedia.org/wiki/Fractional-reserve_banking

4. It is not possible to actually pay the outstanding amount as the currency is based on worthless paper and 'electronic funds' on computers.
Fractional Reserve Banking at http://en.wikipedia.org/wiki/Fractional-reserve_banking

5. You do not have to pay statements, only invoices.
Bills of Exchange Act 1882 at http://www.opsi.gov.uk/RevisedStatutes/Acts/ukpga/1882/cukpga_18820061_en_1

6. You are not lawfully bound to pay anything which is unsigned.
Bills of Exchange Act 1882 at http://www.opsi.gov.uk/RevisedStatutes/Acts/ukpga/1882/cukpga_18820061_en_1

7. The uppercase name on the credit card is not your name, but a 'corporate entity'.
Blacks Law Dictionary at http://www.getoutofdebtfree.org/UK/resourcesmenu.php#Capitis
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You do not need a degree in law to deal with banks and debt collectors, however a general understanding of some of the terms we use is not only beneficial to the process, it can also make it more satisfying. It also highlights how the law is often used against us and how little we understand the law in general.

Ens legis: "Ens Legis. L. Lat. A creature of the law; an artificial being, as contrasted with a human being. Applied to corporations, considered as deriving their existence entirely from the law." "Blacks Law Dictionary, Fourth Edition, 1951.

Capitis Diminutio
Gage Canadian Dictionary 1983 Sec. 4 defines Capitalize adj. as "To take advantage of -
To use to ones own advantage."
Blacks Law Dictionary Revised 4th Edition 1968, provides a more comprehensive definition as follows
Capitis Diminutio In Roman law. A diminishing or abridgment of personality; a loss or curtailment of a man's status or aggregate of legal attributes and qualifications.
Capitis Diminutio Minima - The lowest or least comprehensive degree of loss of status. This occurred where a man's family relations alone were changed. It happened upon the arrogation [pride] of a person who had been his own master, (sui juris,) [of his own right, not under any legal disability] or upon the emancipation of one who had been under the patria potestas. [Parental authority] It left the rights of liberty and citizenship unaltered.
Sui Juris: In civil law the phrase sui juris indicates legal competence, the capacity to manage ones own affairs (Black's Law Dictionary, Oxford English Dictionary). Thus in Roman law the caregiver or guardian of a spendthrift (prodigus) or of a person of unsound mind (furiosus),

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  • Thank You freemanshrout.

  • keep up the great work! luv the knowledge man,need more of these guys

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All Comments (9)

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  • This is all excellent advice. Everyone should watch it

  • I have successfully canceled credit card debt, but the problem is that my credit was destroyed, and it lingered on for years because the creditors continually sold the debt to collection agencies which all filed with the credit reporting agencies for years after the credit card companies wrote me off.

  • @AceOfHeart2012 How is it a loan if the bank is using money of account and your repaying the alleged loan with money of exchange. All this is done through treasury.

    When you apply for the loan you give them a promissory note with your signature and social security number. This promissory is the same as cash to the treasury.

    Why not eliminate the middle man and use a bond with the treasury and write a promissory note yourself ?

  • @AceOfHeart2012 Asking for proof of what? Are you talking about the original contract?

  • Thank you

  • Also, all loans are insured. So not only does the bank sell non-performing accounts to 3rd party interlopers for pennies on the dollar as well as 'write off' the loan on their taxes, they ALSO file an insurance claim for the face value of the loan as well. So even if you stop paying, the bank literally 'triple-dips' on each and every loan that becomes a non-performing loan. You have no contract with the 3rd party interlopers so asking for proof is the first step to stopping them in their tracks.

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