ON EQUITY MATTERS by Jack Harper 10th June 2008

ON EQUITY MATTERS by Jack Harper
10th June 2008

All financial institutions that are licensed to issue credit and to deal with the public, i.e. banks, do not "loan money", they "issue credit". The difference is important. You or I as private citizens are not licensed to issue credit, hence if we loan money to one another, one of us actually has to have possession of the real debt dollars prior to making the contemplated loan.

Banks DO NOT LOAN MONEY

- THEY DO NOT LOAN DEBT DOLLARS -

THEY ISSUE CREDIT !!!!

And there is nothing fraudulent about it !!!!

Credit is a "book-keeping" entry. It is a legal pretense and it is issued against the security of your promise to pay/perform/be productive in the form of a Promissory Note. The rationale for the bank’s pretense being just and equitable is simply because your Promissory Note is also a legal pretense until you prove otherwise by your performance.

It costs a bank NOTHING to issue credit, except for a little ink on paper, just like it costs you nothing to issue/endorse the Promissory Note. Mortgages, personal loans, credit cards, car loans, etc., are all credit instruments and are all issued at no cost to the issuing bank, and at no cost to the nominal borrower, hence neither the issuing bank nor the borrower HAVE ANY EQUITY in any of the transactions upon inception.

Only the borrower has potential equity, because only the borrower has promised to perform.

The bank is only licensed to act as fiduciary on behalf of the Nation’s citizens (who all have a just and equitable interest in maintaining the value of the real Debt Dollars by monitoring the credit issue). The Promissory Note is your true Bill of Exchange that progressively becomes your equity as you pay for it.

Once you meet all of the obligations, you possess the only claim to all of the debt money that was delivered as proof of your performance.

Pursuant to the Act, your promise to pay enables the bank to "issue credit". The bank "holds" your promise to pay as security for your performance.

You perform and prove your performance by actual delivery of payment, and only then does the bank release your Promissory Note back to you. Then you are supposed to endorse your receipted Promissory Note (converted Bill of Exchange) back to the bank in exchange for the debt money that YOU EARNED.

The Equity that is produced/delivered and receipted belongs solely to you.

YOU EARNED IT and YOU DELIVERED IT which proves that YOU OWN IT.

You are the only one that ever has any equity in the transaction.

The bank is merely licensed pursuant to the Act to make sure you don't issue credit that you cannot support. They are entitled to charge you their standard administrative fees but the interest and principal goes back to whoever provided the equity, and that is you. The Act says so, and in a court of equity, the court says so. Have you ever asked for your equity after paying back YOUR credit that the bank issued TO YOU, or have you just gifted it to the bank like most others?

You convert the original "credit" or ledger entry into equity, not when you earned it, but when you deliver it to the credit-holder. That is what credit is. It is a fiduciary issue of non-backed credit (not money) to enable us to purchase an asset prior to having earned the actual money to pay for it.

The fractional reserve system allows for you to be issued $20 worth of credit so long as there is at least $1 real pre-paid debt dollar on deposit. The credit is not issued against that real dollar on deposit. The ratio is simply an accounting requirement. The credit is issued against the Promissory Note.

So when the credit entry is entered, it is immediately "transferred" to the vendor of the property being purchased and then they get to pretend that it can be used just like it were real dollars. Now if everyone that was following this legal pretense actually tried to withdraw their non-existent dollars, we would have a run on the bank. The banks are also regulated to ensure that you have a minimum of 25% equity in house mortgage credit issues, or if not you must have mortgage insurance, and they are further restricted in many areas of credit issue.

These types of things act to protect the solvency of the system that the banks are licensed to administer for us. It is our legal responsibility to understand these things. If we do not understand them and thus we feel taken advantage of or abused by this system, then perhaps it is high time we looked into trying to understand the system rather than simply alleging it to be fraudulent. It is not fraudulent, but many of us have been very easily duped by it because we did not know the rules.

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DISCLAIMER

Note: Updated Wednesday 17th June 2009 8.00pm Sydney Time. Love For Life does not support harm doing in any shape or form. However, we are supporters of free speech and post articles, documentaries, etc, that represent a wide cross section of ideas. See the Love For Life extensive research library where over 6000 documents, articles and videos are posted: http://loveforlife.com.au/issues. We clearly see the evidence of the destruction to MAN and the earth that has been caused by ALL religions over the centuries and are therefore not supporters of religions, cults, sects or any group that demands conformity of thought, speech or action, or has rules, regulations or rituals that must be followed. Religions, nationalities and cultural "identities" are formed as a result of the brainwashing we receive from childhood. They are part of the tactics the Establishment uses to keep us all divided from one another and fighting one another.

All religions promote discrimination and division, leading to hatred and even violence and murder. None of them have yet to produce a remedy to all the suffering, poverty, unhappiness and discrimination in the world. If any religion truly had the remedy to all the suffering on earth, there would no longer be any suffering. What have Christianity, Islam, Buddhism, Hinduism, Judaism, atheism and the New Age done to end the suffering in the world?

The Love For Life website has information from all sides on many subjects, whether about Islam, Judaism, Christianity, Law, health, psychology, mind control, vaccination, aspartame, MSG, Chemtrails etc. There are over 6000 articles, documentaries etc on the website and they are so diverse that we are sure that everyone would be able to find something they loved and something they hated, if they took the time to search. If we removed all the articles hated by everyone, there would probably be nothing left! We are not anti anyone but freedom of speech is freedom of speech and no one should condemn the work of another without taking the time to research the subject themselves. Yes, there are articles by those who have a less-than-rosy-viewpoint of Judaism, but there are also articles on the dark side of Tibetan Buddhism (and it is very dark) for those who are interested in the truth: Tibet - Buddhism - Dalai Lama: http://loveforlife.com.au/node/6271 Should the authors of these articles be abused and imprisoned for daring to challenge the widely conceived reputation of Buddhism as being the religion of peace and love and that of the Dalai Lama as a saint, or should those interested be allowed to study the work and come to their own conclusions? The same applies to all the articles, documentaries, etc, about Christianity, Islam, Freemasonry, New World Order, etc.

The Love for Life website also shows how the Rule of Law, the Bar, the Government, the Monarchy, the system of commerce, the local, national and multi/trans-national private corporations, all the courses and careers on offer from our universities, all the educators, scientists, academics and experts, the aristocrats and the Establishment bloodlines have also done NOTHING to end the suffering in the world. The website maps the insanity of a world where there is no help for those in need, just as there was no help available for us when we were victims of terrible bank fraud: http://loveforlife.com.au/court_case (orchestrated, condoned and protected by an international crime syndicate/terrorist organisation of judges, barristers, registrars, lawyers, politicians, banksters, big business representatives, media moguls and other lackeys who, all together, put up a wall of silence despite our trying many, many avenues. After the family home was stolen and business destroyed we were left close to poverty and destitution caring for 4 young daughters. Three years later not much has changed regardless of all our efforts. Where were all the followers of all the religions to help us? Or do we have to be members of those religions to receive help from others involved in them?

We have been accused of being anti - Jewish because we had posted an excerpt from James von Brun's book: Kill the Best Gentiles! http://loveforlife.com.au/node/6054 in which he blames Jews for the problems of the world. Obviously this is not our view because of what we have stated above. We do not hate anyone, whatever religion they follow. We are always open to talk to any religious leader or politician and meet with any judge, member of the Bar, experts, academics, educators etc to share the remedy we offer that heals all the divisions between MAN and MAN, and MAN and the EARTH.

Today, a representative of the New South Wales Jewish Board of Deputies is threatening to close the website down, because they have decided it is anti - Jewish and that we promote racism. What has the New South Wales Jewish Board of Deputies done to end the suffering in the world? Can they show that they are concerned with the suffering of ALL men, women and children AND ARE SEEN TO BE DOING SOMETHING ABOUT IT or are they only concerned with Jewish affairs? If so, they, along with all the other religions that only care for their own, are part of the problem, not part of the solution. The man who rang Arthur today was only concerned with Jewish affairs; he was not interested in our intentions or in anybody else, just as most Christians, Muslims, Sikhs, Catholics, etc, are only interested in their own. While we separate ourselves into groups, dividing ourselves from others with rules, regulations, rituals, procedures and conditions, we will never solve our problems.

No matter what we in the Western World Civilisation of Commerce have been promised by our politicians, religious leaders, scientists, educators, philosophers, etc, for the past two hundred years, all we have seen is ever-increasing destruction of men, women and children and the earth. None of the so-called experts and leaders we have been taught to rely on are coming up with a solution and none of them are taking full-responsibility for the fact that they can't handle the problem. All religious books talk about end times full of destruction and suffering but why do we have to follow this program when there is an alternative to hatred, mayhem and death? Why are our leaders following the program of destruction and death rather than exploring the alternatives? It seems that any mainstream politician, priest or academic are only interested in supporting the RULES OF THE DIVIDE, that maintain the haves and the have nots. For 200+ years, 99% of the world population have been so trained to pass on their responsibility for themselves, others and the earth, that the 1% of the population that make up the leaders of the rest of us are making all the decisions leading to the destruction of all of us and the earth. Let's not forget the education system that brainwashes the 99% of the population that we are free and have equal rights while, in fact, we are feathering the nests of those at the top.

At the root of all our problems is self-centredness, an unwillingness nurtured by the Establishment that keeps us concerned only with our own needs rather than the needs of others around us and the Earth. Instead of creating and releasing acts of love for those around us as gifts to benefit them and the earth, we take, take and take, until there is nothing left. The whole point of the Love for Life website is to show people the root of all our problems and to share the remedy. The extensive research library is there to attract browsers and to provide access to information not available through mainstream channels. If the New South Wales Jewish Board of Deputies can, after careful examination of our work, prove that anything we are saying is wrong, we will be happy to accept their proof. If they cannot, and they are still insistent on closing the website down, they will be showing themselves to be traitors to MAN because they are not interested in pursuing any avenue that can end the suffering in the world.

All religions, corporations and organisations that support and maintain the Western World Civilisation of Commerce are part of the problem because our civilisation is a world of haves and have nots, racism, violence, hatred, poverty, sickness, discrimination, abuse, starvation, homelessness, corruption, collusion, vindictiveness, social unrest, arrogance, ignorance, fear, war and chaos. While we support civilisation, we support death and destruction because ALL civilisations that have ever existed are apocalyptic by design.

If we truly want peace on earth and freedom for all, we have to let go of all that which keeps us divided, and come together as MAN, conscious living co-creators of creation. The Love For Life website offers a remedy to the problems we all face in the form of DO NO HARM COMMUNITIES: http://loveforlife.com.au/node/3641 For more details see here: http://loveforlife.com.au/node/6511 and here: http://loveforlife.com.au/node/3385 - We also highly recommend that everyone read the brilliant Russian books called The Ringing Cedars: http://loveforlife.com.au/node/1125 - The Love For Life homepage/front-page also provides lots of inspiring remedy based information: http://loveforlife.com.au - If you want to be kept up to date with our work please register to the Love For Life mailing list here: http://loveforlife.com.au/campaign_list We usually send two postings per month. Presently there are over 5000 registrations reaching over 200,000 readers globally. The website now receives over 2 million strikes per month with June 2009 heading close to (or over) 3 million strikes.

Conscious Love Always
Arthur and Fiona Cristian
Love For Life
17th June 2009