It comes from you.
Your 'promise to pay' allows them to have the currency printed "out of thin air".
You are promising to work so many years to *create* value for that amount printed out in the currency.
Lets say you purchase a house for 100,000.00 but with bogus interest fees it comes to 500,000.00 in 30 years. So they have 500,000.00 printed "out of thin air'. Now you must work for 30 years to *create* the value for that 500,000.00.
They use 100,000.00 to *purchase* (not the same as buy) your house, then they keep and invest the rest for themselves. I understand this is the so called loan being *purchased* by Fanny Mae through the Lender or Servicer.. They are basically just purchasing your credit so they can invest it.
So if you worked and created 100,000.00 and made that amount in payments and they foreclose on your house, its not because of "money" but rather, to sell your house to cover the amount of credit you gave your 'promise to pay' (or to create the value for).
If your house was foreclosed on *after* you have paid up to the cost of your house, then they foreclosed on your house thats already been paid for. How is it paid for? By you. You are using your own energy and labor (while working) that creates the necessary value for the payments you make. Thats how your house is paid for. The "Lender" did not pay for your house. They just used your promise to pay (your credit) to *purchase* your house. Since they control the currency, then give the illusion of giving you a loan, but wehat they do not tell you is, you are creating the value for that currency!
How many people suffer before confusion comes to an end?
Rotty this is not the wrong section. Any Gender that promsies to pay for something they dont owe for 30 years, will have a negative impact on their life. Do you believe these events aren't related to how someone behaves??
Layla, they are not real banks. The accounting notes are used to keep record of homeowners credit. If the "bank" did own the house, they would not have needed the homeowner to give them a financial/negotiable instrument ('promise to pay').
Dump the...Ive been studying a mortgage for awhile, bought a legal dictionary, browsing different info on the net, and came to this conclusion.
I also understand the real reason for gold to back the currency is to have physical proof of value to represent our labor. If you take a 20 dollar bill printed out of thin air and put it next to a 20 dollar bill you recieve *after* you work, you cannot see the difference in which one contains the value. One is valueless and the other is *labor-backed*. By removing the gold from the *labor-backed* currency, you cannot "see" value representing our energy and labor. I understand this is why they are able to print out the currency in the amount of our credit and pretend like they are giving a loan.
They are not telling the homeowner their 'promise to pay' is a financial/negotiable instrument allowing them to have the currency printed. The homeowner promiies to work to *create* value for the
*non-backed* currency. When they collect homeowners payments, they are collecting *labor-backed* currency (currency with value). When they collect for the bogus interest/fees attached to the
non-backed currency, they collect *labor-backed* currency. They collect interest off of homeowners credit! Since homeowner works to create value for the valueless currency, and since they use homeowners credit to invest, they should be paying the homeowner interest.
Your 'promise to pay' allows them to have the currency printed "out of thin air".
You are promising to work so many years to *create* value for that amount printed out in the currency.
Lets say you purchase a house for 100,000.00 but with bogus interest fees it comes to 500,000.00 in 30 years. So they have 500,000.00 printed "out of thin air'. Now you must work for 30 years to *create* the value for that 500,000.00.
They use 100,000.00 to *purchase* (not the same as buy) your house, then they keep and invest the rest for themselves. I understand this is the so called loan being *purchased* by Fanny Mae through the Lender or Servicer.. They are basically just purchasing your credit so they can invest it.
So if you worked and created 100,000.00 and made that amount in payments and they foreclose on your house, its not because of "money" but rather, to sell your house to cover the amount of credit you gave your 'promise to pay' (or to create the value for).
If your house was foreclosed on *after* you have paid up to the cost of your house, then they foreclosed on your house thats already been paid for. How is it paid for? By you. You are using your own energy and labor (while working) that creates the necessary value for the payments you make. Thats how your house is paid for. The "Lender" did not pay for your house. They just used your promise to pay (your credit) to *purchase* your house. Since they control the currency, then give the illusion of giving you a loan, but wehat they do not tell you is, you are creating the value for that currency!
How many people suffer before confusion comes to an end?
Rotty this is not the wrong section. Any Gender that promsies to pay for something they dont owe for 30 years, will have a negative impact on their life. Do you believe these events aren't related to how someone behaves??
Layla, they are not real banks. The accounting notes are used to keep record of homeowners credit. If the "bank" did own the house, they would not have needed the homeowner to give them a financial/negotiable instrument ('promise to pay').
Dump the...Ive been studying a mortgage for awhile, bought a legal dictionary, browsing different info on the net, and came to this conclusion.
I also understand the real reason for gold to back the currency is to have physical proof of value to represent our labor. If you take a 20 dollar bill printed out of thin air and put it next to a 20 dollar bill you recieve *after* you work, you cannot see the difference in which one contains the value. One is valueless and the other is *labor-backed*. By removing the gold from the *labor-backed* currency, you cannot "see" value representing our energy and labor. I understand this is why they are able to print out the currency in the amount of our credit and pretend like they are giving a loan.
They are not telling the homeowner their 'promise to pay' is a financial/negotiable instrument allowing them to have the currency printed. The homeowner promiies to work to *create* value for the
*non-backed* currency. When they collect homeowners payments, they are collecting *labor-backed* currency (currency with value). When they collect for the bogus interest/fees attached to the
non-backed currency, they collect *labor-backed* currency. They collect interest off of homeowners credit! Since homeowner works to create value for the valueless currency, and since they use homeowners credit to invest, they should be paying the homeowner interest.