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Friday, 01/08/2010 7:27:09 PM

Friday, January 08, 2010 7:27:09 PM

Post# of 254
HOW THE BANK SWITCHES THE CURRENCY
This is a repeat worded differently to be sure you understand it.

You must understand the currency switch.

The bank does not loan money. The bank merely switches the currency. The alleged borrower created money or currency by simply signing the mortgage note. The bank does not sign the mortgage note because they know they will not loan you their money. The mortgage note acts like money. To make it look like the bank loaned you money the bank deposits your mortgage note (lien on property) as money from which to issue a check. No money was loaned to legally fulfill the contract for the bank to own the mortgage note. By doing this, the bank received the lien on the property without risking or using one cent. The people lost the equity in their homes and farms to the bank and now they must labor to pay interest on the property, which the bank got for free and they lost.

The check is not money, the check merely transfers money and by transferring money the check acts LIKE money. The money deposited is the mortgage note. If the bank never fulfills the contract to loan money, then the bank does not own the mortgage note. The deposited mortgage note is still your money and the checking account they set up in your name, which they credited, from which to issue the check, is still your money. They only returned your money in the form of a check. Why do you have to fulfill your end of the agreement if the bank refuses to fulfill their end of the agreement? If the bank does not loan you their money they have not fulfilled the agreement, the contract is void.

You created currency by simply signing the mortgage note. The mortgage note has value because of the lien on the property and because of the fact that you are to repay the loan. The bank deposits the mortgage note (currency) to create a check (currency, bank money). Both currencies cost nothing to create. By law the bank cannot create currency (bank money, a check) without first depositing currency, (mortgage note) or legal tender.

[above...just some tidbits from the site: http://www.thetrustee911.com/foreclosurefraud.htm

...which i got from Canada's Prime Minister's kissin' cousin [Jack Harper]email:

Foreclosure fraud?

From: Jack Harper (xxxxx@gmail.com)
Sent: Thu 1/07/10 4:53 PM

Ive been telling everyone over and over and over for well over a year, what this states....
Now...tell me if you get it now or are you still lost in the fog?
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=164200

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