Courtesy Notice Success Story -- $32,194 Loan Waived by Key Bank
July 30, 2013
I received this story from Barry, a contact on Facebook a few days ago. For anyone not yet familiar with the Courtesy Notice document, the main intent and purpose is to bring an end to the harassing letters and phone calls by creditors and collection agencies. However, as of recently banks are beginning to offer much more by way of benefit to the alleged borrower. Considering all loans are fraud, whereas the credit is created within the system with our wet ink signature on the promissory note, all those representing the banks (which are now foreclosed entities) attempting to collect the alleged debt can now be held personally liable for their actions. Once informed of their legal standing, set forth by the Courtesy Notice, they have an opportunity to discontinue the collection process. Or, disregard it and continue, binding the contract (Courtesy Notice), and are now subject to damages payable in troy ounces of silver. If any further calls or letters are made or sent, invoices can be served for damages on behalf of the client (you). The Courtesy Notice document, in its entirety, can be reviewed at the bottom of this post.
Over the past few months, I have heard personal accounts of both wins and losses from those who have initiated this process. What it boils down to is the receiving party and how they choose to handle the matter internally. My personal opinion is that if ANY bank opts to forgive/waive/reverse the alleged debt in any way, there is a considerable amount of clout that needs to be given to the content of the CN document. History has shown banks don't just relinquish their phony debt for no good reason. Critics to this document will say, "you received the money, goods, property, etc. therefore you have to pay for it!" Actually, this is not true. To assume so, is to not have a complete grasp on the inner workings of money mechanics and how debt is created.
"A deposit created through lending is a debt that has to be paid on demand of the depositor, just the same as the debt arising from a customer's deposit of checks or currency in the bank. Of course they do not really pay out loans from the money they receive as deposits. If they did this, no additional money would be created. What they do when they make loans is to accept promissory notes in exchange for credits to the borrowers' transaction accounts. – Federal Reserve Bank, Chicago, Modern Money Mechanics, p. 6
Banks are prohibited from lending their ‘own money’ from their own assets, or from other depositors. So from where did the $$$ come? The contract we signed (our promissory note) was converted into a ‘negotiable instrument’ by the bank and became an asset on the bank’s accounting books. According to the UCC 1-201(24) and 3-104, it was our signature on the note which made it $$$.
Our promissory note (‘money’) was taken, recorded as an asset of the bank, and sold by the bank for cash without ‘equal valuable consideration’ given to us for our note. The bank gave us a deposit slip as a receipt for the money we gave them, just as the bank would normally provide when we make a deposit to the bank. It then created an account at the bank which would contain this $$$ which we just created. A check on this account was issued with our signature and this account is the source of funds behind the cheque which we received as a ‘loan’.
The bank risked none of its own assets in the so-called ‘loan’ to us; rather it used our note to pay the seller, in order to raise an asset for itself, and also used the face value of our note as ‘principal’ which it claims it ‘lent’ us and against which it charged interest. Consideration on the part of the bank is non-existent so the bank has nothing to lose. It can not possibly sustain a loss. Since consideration is essential to an enforceable contract and the note was obtained from us via fraud, the entire transaction/ contract is fraudulent.
Mortgage contracts are written in such a way to appear as if the bank lent us funds before they received our promissory note/ mortgage contract so that the bank can use it as a receipt which they can sell. The contract reads, “For a loan I have received...”, but, you haven’t received it yet. So in fact, we signed and gave the mortgage contract/note to the bank prior to their giving us the funds. So, the application for the loan created the funds (it has our signature on it) and the note (with our signature) covered the funds to ‘repay’ the loan. Again, constructive fraud." - Mary Elizabeth Croft
"The actual process of money creation takes place primarily in banks ... bankers discovered that they could make loans merely by giving their promise to pay, or bank notes, to borrowers. In this way banks began to create money. Transaction deposits are the modern counterpart of bank notes. It was a small step from printing notes to making book entries crediting deposits of borrowers, which the borrowers in turn could ‘spend’ by writing checks, thereby ‘printing’ their own money." – Modern Money Mechanics, Federal Reserve Bank of Chicago
"It is well enough that the people of this nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." – Henry Ford
So, you see we "the people" are not the debtors after all, we are and have always been the creditors. When we take out loans, not only do we have to pay the bank back for money that WE created, we have to pay it back with interest! Critics of these Truths need to stop looking at it from the perspective of, we're robbing or manipulating the system trying to get things for free, this is simply not the case. Don't take my word for it, go out and conduct your own research. What you will find is that we have been pre-paying for everything we could ever want and so much more since birth, when our birth certificates were used to create our Strawman accounts.
“The highest form of ignorance is when you reject something you don't know anything about.” - Wayne Dyer
I post these stories in hopes that it empowers those who read to share and start taking action. If we start collectively defending ourselves against financial slavery and control, the very revolution Henry Ford mentions above will be upon us in no time. Albert Einstein said, "the world is a dangerous place to live, not because of the people who are evil, but because of the people who don't do anything about it." When we keep paying into a system that is controlling every aspect of our lives we silently give our consent to our controllers, giving the message "it's all good, keep oppressing me, I'm cool with it". Not me...not anymore. I hope that Barry's story below inspires you as it has me. ~BK
This is the email I received from him:
I filed a UCC-1 financing form and secured all my property. This was done in my resident state as it is also my birth state. I stopped paying in Nov.. I found out about OPPT in Jan.. When I got the first notice, I sent the CN to the CEO (alleged). When I received a call about collection I asked their names and made sure they worked at the address I sent the other mail to. I sent them all return receipt. I sent a bill twice after receiving 2 calls. I sent CNs to the calling reps so they understood. I sent the 3rd bill with a "past due" notice about 2 weeks ago. I sent that to the CEO (alleged) also. Today I got an email telling me my statement was available online. When I checked the balance was $0.00.
This is his collection notice he received on March 23, 2013, showing a balance of $32,194.57...
This is Barry's account as of July 27, 2013, showing the same ending acct # of 562047, as having a balance of 0.00...
Skeptics will say, "well, he probably paid it off." Sorry folks, not this time...
Now that you have seen this for yourselves, it begs the question; if the UCC filings and foreclosures set forth by the now reconciled One People's Public Trust are not legitimate, why would Key Bank be inclined to release over $32,000 of alleged debt?
Here's a fact: ALL LOANS ARE FRAUD. Including but not limited to: auto loans, mortgages, credit cards, student loans, home equity lines of credit, etc. Be smart but take action. Just remember, at this point in time, there is no guarantee this will work, as it largely depends on the banks legal department and how they choose to handle the matter. Only YOU can be responsible for your actions. I have challenged Chase with my car loan and have not made a payment since February, not a single phone call since I submitted my CN.
Here is a link to Shirley's story of Chase releasing a lien on her mortgage of over $99,000.
And the Courtesy Notice should any be readers be so inclined to stop paying energy into the system...
Message from Brian: If you are a fan of my work and would like to see it continue please consider making a donation to my blog using the paypal link on the right. No obligation, every little bit helps :) ~Brian