"Credit Card Lawsuits...
Understanding Banking Is Essential"

Credit Card Lawsuits can be tough to face alone, especially when trying to establish a defense...We believe you must have some understanding of Banking in order to successfully defend a Lawsuit Over Credit Card Debt. After all the alleged debt was from a Bank...Right?

Money & Banking covers so many topics...an entire Website could easily be dedicated to this subject.

For our purposes we are going to concentrate on two concepts. Our Currency and how Banks create Money.

Soon you will understand the importance of these topics and how it relates to Credit Card Lawsuits.

The internet is filled with many conspiracy theories...Banking is definitely one of these subjects.

While Banking does play a role in our defense, it's just one of many layers that gives us our success.

Winning Credit Card Lawsuits takes applying Law, Fact, and Procedure. This is why our system is and will continue to be successful, defending Lawsuits Over Credit Card Debt.

After, reading this page if you have any doubt as to the accuracy of the contents...Please do your own research and reach your own conclusions...So if you are ready lets get to it!

"Credit Card Lawsuits...
Fiat Money?"

Thats right Fiat Money...This is our current monetary system in the United States of America. Fiat money or currency does not have any intrinsic value (Intrinsically a $1 dollar bill and $100 dollar have the same value, they are just pieces of paper) and cannot be converted into a commodity such as gold or silver.

Fiat money receives its value from a governments order (fiat) that it must be accepted as a means for payment...So our money (Federal Reserve Notes) only gets its value by consumer confidence it can be redeemed.

Our entire monetary system is dependent upon debt. Without banks creating loans, and more debt being created, our money supply cannot increase.

What is most frightening, is without debt our money supply would cease to exist.

In other words, if every loan were paid off and had a balance of zero, every single coin and piece of paper currency would be returned to the banks...Shocking!

Consider this quote from Robert Hemphill from the Atlanta Federal Reserve, foreword of 100% Money

..."If all bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought.We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit.If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible--but there it is."

Banks Create Money!!

Thats right Banks create money...This is a fact...Not by assumption but by the Federal Reserve Banks own admissions. This includes Credit Cards and the alleged balance due, which is the basis for Credit Card Lawsuits.

Most people believe when they go to a Bank for a loan. The Bank actually loans them MONEY...Is this what really happens?

Absolutely not, and once again this is not conjecture, the Federal Reserve through its own Publications...Tell us this is not what happens. They just assume nobody has a problem with it...Truly Amazing!

We will start with Modern Money Mechanics by the Federal Reserve of Chicago...pg.2-"...the money creation process takes place principally through transaction accounts."

Pg. 3-- "the actual process of money creation takes place primarily in banks..."

The Two Faces of Debt, Federal Reserve Bank Chicago-- "Debt does more than simply transfer idle funds to where they can be put to use--merely reshuffling existing funds in the form of credit. It also provides a means of creating entirely new funds."

The Federal Reserve Bank of Dallas, Money, Banking, and Monetary Policy..."Banks actually create money when they lend it."

Points of Interest, The Federal Reserve Bank of Chicago..."When banks create checkbook deposits, they create money as well as credit since these deposits are part of the money supply."

So what have we learned? That Banks ABSOLUTELY create money when they make loans.

The Next Question Is How?

We can again look to Modern Money Mechanics, From the Federal Reserve Bank of Chicago...

Pg.6-- "Of course, they (banks) 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. Loans (assets) and deposits (liabilities) both rise equally. Reserves are unchanged by the loan transactions. But the deposit credits constitute new additions to the total deposits of the banking system."

What have we learned?... Banks take our Promissory Notes (Loan Agreements) record them as a Bank asset, and issue credits (merely bookkeeping entries not money) to the Consumers transaction accounts.

The bank then issues a check against the credits, THAT THEY CREATED, and claim they just made a loan of money.

Pay particular attention to this line in the quote..."Loans (assets) and deposits (liabilities) both rise equally.

Have you ever made a loan to anybody and actually increased your assets? Stunned yet?

Courts have consistently ruled, that while Banks can loan money, they cannot lend their credit. However, we know this is exactly what...they (Banks) are self-admittedly doing.

Congress HAS NEVER given any Banking Institution the authority to create money.

Banks are not paying any interest for creating credit, but are charging Consumers interest on loans as if they had loaned legal tender currency. The banks, by making loans of credit, are unjustly enriching themselves.

Oh and by the way, if you don't make your loan payments the bank will foreclose on your property with the lien they received without ever investing one penny of currency.

Did the Bank ever disclose this to you? Does this seem like a fair agreement? ABSOLUTELY NOT...These are just a few of the reasons we believe the country is need of banking and monetary reform.

"Credit Card Lawsuits...
How Does This Apply?"

You must have some understanding how your alleged debt was created, if you want to defend yourself in Credit Card Lawsuits. After all, the Original Creditor is a BANK.

We believe you must have some understanding of the money creating process, to be successful in a Lawsuit over credit Card Debt.

While we will not go into specifics about our system, we will provide some tips on Banking arguments to avoid.

Never...Never...Claim the Bank did not loan money, or that Bank loans are illegal. Never claim fraud, or the Bank just made a loan of credit not money. YOU WILL LOSE!

While these claims may be true, these are points you would have to prove...And believe us NO JUDGE wants to condemn the entire banking system in his/her court.

Keep in mind you are not there to prove anything...That is for your opponent...Your job is to make them prove you owe the alleged debt.

Don't bring up points that need to be proved...You must keep applying pressure to your opponent to produce evidence...If done correctly, it will be next to impossible for your opponent to do!

As we have stated all along, to win Credit Card Lawsuits you must stick to law, this is why we are so successful...By keeping your arguments to nothing but Law, and proper Procedure you can and will win.