Why MHF's "Debt Dissolution Program" works
The "bottom line" as to why the Debt Dissolution Program works is because of one little secret the banker and mortgage company does not want the borrower to know or expose in court. It works like this:
The loan terms and conditions must be fully disclosed before the contract or agreement becomes legal or lawful. Bankers fully intend to want the borrower to believe that the bank actually lent the borrower the money that was the lender's to lend. This is or was supposed to be the "consideration" (required in all contracts by the way), used to "buy" or procure the borrower's promissory note and other loan documents signed by the borrower to which he agreed to repay the loan. The bank wants the borrower to think that they loaned him their money and is now keeping the note in its file for safekeeping to use against the borrower in case he does not repay the loan.
What has not been fully disclosed is the fact, and it is fact or law, that Federal Reserve Board regulations and Generally Accepted Accounting Principles, (GAAP), prohibit all Federal Reserve bank members within the Federal Reserve System from lending money from their own assets or from other depositors. The truth is that Federal Reserve member banks do not, and can not make loans.
So, just where does this loan money come from? In truth, since the banks have "monopolized" the market on negotiable instruments, it takes the promissory note PRIOR to paying or giving consideration for it, considering it a negotiable instrument by calling it money. This new money is exchanged for another negotiable instrument called a bank check or bank note. What takes place is what is called the "switch". A promise for another promise. This has been going on for over 100 years, but got its real push after the so called "Saving & Loan Companies problems in the early 80's. Now all of the banks practice this "switch" so their risk becomes a big zero.
When the borrower thought he was getting a loan because the mortgage company or bank advertised that it would be a loan, in truth, he just funded his own loan. How about that? Without the Secretary of HUD's authority to do so, all foreclosures are done fraudulently.
Another kicker is that all negotiable instruments deposited into a Federal Reserve member bank MUST be insured. Was all of this disclosed to the borrower? I don't think so! Who would be so stupid to agree to allowing someone to take your own money, give it back and then make you pay it again including interest?
Another question comes up at this time. Can you and I do this? The answer is no. A promissory note is evidence of future labor wherein a Federal Reserve Note is evidence of past labor. Therefore, how can you and I change future labor into past labor with a "slight of the hand"? If the banks can get away with this and you and I can't, don't you think you and I should be doing something about this? What ever happened to EQUAL PROTECTION UNDER THE LAW?
The bankers know that the promissory note can be sold to investors for cash money. They make the promissory note equal to cash money. When the bank places the promissory note into an account, it being the bookkeeping entry, as an asset, it changed the risk and cost of the alleged loan with the same economic effect as stealing, counterfeiting and swindling. Why do counterfeiters, thieves and swindlers go to jail? Its called "Equal Protection". If they are not stopped, they will own everything!
That is why it is necessary to have full disclosure before any transaction or contract becomes lawful or legal. This is that little secret the banks don't want out in court. This is why we WIN!
For those of you that still think it may be wrong for you to participate in the "Debt Dissolution Program" program, I would like you to read in the Bible, Habakuk chapter 2. This is a minor prophet who wrote down a prophecy that will only be for the end times. I sincerely believe that we are now at those end times and perhaps this could be it. Romans 8: 13 state "Let no obligation remain outstanding..."What would you think of a man who told you that he was a Christian but would not allow Jesus to remove the debt from his sins? I sincerely believe this is like this example. Lets' show Satan's banks that we now know the truth.