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...
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
2. All contracts, in order to be valid, must be signed by someone able to bind the corporation in contract.
Contract Law at
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
7. The uppercase name on the credit card is not your name, but a 'corporate entity'.
Blacks Law Dictionary
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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.
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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.
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Capitis Diminutio Media - A lessor or medium loss of status. This occurred where a man loses his rights of citizenship, but without losing his liberty. It carried away also the family rights.
Capitis Diminutio Maxima - The highest or most comprehensive loss of status. This occurred when a man's condition was changed from one of freedom to one of bondage, when he became a slave. It swept away with it all rights of citizenship and all family rights.
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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),
Money is not real, but it is really annoying.
jailarson 2 years ago 11
Thxs for sharing such an important information.
lifeflower1111 2 years ago 7