We The People Allow Ban ers To Steal Money By Applying For Ban Credit Loa ns People s Credit applications

led to economic downfall, allowing ban ers to loan thei r credit , collect fees and a few payments and sell uncollectible accounts to se condary mar ets. The $700 billion taxpayer bailout money, with billions paid t o ban ers, did little to stop job loss, retirement savings loss, loss of homes, loss of businesses and the continuing ban ruptcy of small ban s who purchased to xic loan accounts at discount prices. Constituents, who opposed the bailout, relieved 40 congressmen of their jobs aft er they voted for the bailout, which was called a stimulus when it has stimulate d nothing significant, leaving two more bubbles to burst with more devastating a ffects on the economy. The credit card debt bubble is over $850 Billion and and student loan debt bubble is near a Trillion dollars, while the dollar has lost 6 7% of its value since 2002.and will be devalued even further with the national d ebt over 14 Trillion. Ban ers loan you credit (they create out of nothing with a boo eeping entry) wh ich you use for money and for which they charge you fees, interest.and principal . When nan ers"created-from-nothing" purchasing power floods the mar et, there is not enough people to produce the goods and services purchased, so the price g oes up and the value of wages, savings and investments go down. Ban ers' credit has caused devaluation of middle-class savings and caused millio ns of middle-class job losses in a ban er-generated, subprime loan mar et.. Mill ions of job losses resulted, leading to a desperate search for life-sustaining j obs that has reduced wages, so corporations can reduce labor costs and increase profits. This allows the rich to get richer by investing in a manipulated stoc mar et, w hile joblessness, poverty and homelessness increases. The credit crisis is cause d by ban ers unlawful creation of credit out of nothing which they use as a mean s of payment.. Sir Ralph Hawtry, secretary of the British Treasury, states: "Ban s loan by creating credit. They create the means of payment out of nothing" htt p://www.harmlesswise.com/conspiracy/quotes/39 Court cases have established "beyond controversy" that a ban can loan its money but not its credit. Courts have also determined ban -credit-loan contracts are ultra vires and cannot be made or acted upon by either party. In Howard & Foster Co. V. Citizen's Nat. Ban Of Union ,133 S.C. 202, 130 S. E. 750 , it was said: "it has been settled`beyond controversy that a national ban , under federal law , being limited in its power and capacity, cannot lend its credit *all such cont racts entered into by its officers, are ultra vires and are not binding as such *it is not necessary to buttress it with elaborate citations .*ban s are not ele emosynary institutions. they may lend their money but not their credit." In American Express Company Co. V. Citizen's State Ban 194 Nw 427 "neither, as included in the powers or incidental to them, is it a part of a ban 's business to lend its credit. if a ban could lend its credit as well as its money , *it m ight ma e a great deal more than lawful interest on its money would amount to. i f not careful, the power would be the mother of panics*". The "Mother of panics" predicted by the Court has happened, decreasing middle cl ass retirement funds and leaving many families homeless and subject to ban ruptc y caused by ban er repossession and court-enforced debt collection when ban s ca n prove no money loss (debt) as they pay with ban credit created with a boo ee ping entry, based on an unlawful fractional reserve ban ing "money-creation" pol icy of the ban er-owned Federal Reserve. This process is exposed in the free int ernet movie, Zeitgeist Addendum. http://video.google.com/videoplay?docid=7065205 27769 5921912 Ban ers cannot prove a money loss (debt). If the debt is disputed the ban must prove the debt (which they cannot) before continuing collection or they are in v iolation of The Fair Debt Collection Practices Act, subjecting the ban to a sui t. http://video.google.com/videoplay?docid=706520527769 5921912 Furthermore, if the ban reports the unproved debt to a Credit Reporting Company, they are in vi olation of The Fair Credit Reporting Act. http://www.yale.edu/hronline/careers/s creening/docum ents/FairCreditReportingAct.pdf .

The free internet movie, Zeitgeist Addendum, also reveals how unlawful ban loan ing of credit generates ongoing inflation that continually decreases the purchas ing power of wages and savings. The ban s pay the seller with ban credit (creat ed from nothing) the seller uses as money and the buyer pays the ban the same a mount (principle plus interest and fees) which more than doubles the purchasing power of every loan of credit or credit card transaction. Doubling the money supply for every transaction increases purchasing power witho ut an equal increase of goods and services, causing inflation in the same way as passing counterfeit money. In fact, it is passing counterfeit money. The borrow er, by ta ing ban loans, is unjustly enriching the ban and aiding ban er-cause d inflation! Ta ing a ban loan is literally shooting oneself in the financial foot by aiding and abetting ban er-caused inflation that systematically reduces the value of t heir wages and savings. If the loan (created out of nothng) is not paid, the ban er charges it off as a "bad debt", turning an unproved debt into an income tax deduction of 35% of the charge off.. To ma e it clearer, a ban er can issue a credit card to a congressman with a $10 0,000 limit (as a bribe which is used but not paid off ), charge it off as a "ba d debt" and then deduct $35,000 from the ban er's income tax. January 2006 Stati stics reveal Total credit card debt in the United States had reached about $665 billion on ban credit cards and about $105 billion on store or gas credit cards . According to the Fed's G19 release, the total is roughly $800 billion, that if charged off would result in a $280 Billion tax deduction for ban ers! Holders o f ban stoc also suffer reduced dividends due to deduction of charge-offs from net profits. This is tax fraud and stoc fraud! Passing a $700 Billion, taxpayer-funded, "bailout" bill only enables ban ers to continue their unlawful and fraudulent actions that are ALLOWED ONLY when we the people choose to ta e out ban loans for credit-card purchases and business inv estments. Money is turned over seven time annually in the private sector, causing the same money it to be taxed seven times each year. This depletes the money supply in l ess than three years, creating the need for unlawful, ban -credit loans that are systematically destroying the economy, which is allowed only when We the People choose to do business with ban s. What fools we mortals be