HJR 192 Debt Elimination
Are you in great debt? Have you heard about the ‘House Joint Resolution-192′ or HJR 192 debt elimination act? Well, read below to know more about it. Who knows, it just might be able to pull you away from debt.
Empower Yourself – Discover How To Use Methods The Bank Doesn’t …
+ Banks don’t want you to know this…
+ Debt collectors don’t want you to learn about it…
+ Debt relief agencies would go out of business
if you knew it!
To get started… Let me ask you this.
How well do you know your United States Law?
Did you know this…
It is illegal for your bank to lend you it’s credit?
- – Yes. In some cases, it is. Here’s proof:
"A national bank has no power to lend it’s credit." Famers v. Bluefield 11
F2d 83, 271 US 669. "Banking corporations cannot lend credit." FNB
Amarillo v. Slaton School Dist. Tex Civ App 1933, 58 SW 2d 870. "A
national bank has no authority to lend its credit." Johnston v.
Chalottesville N Bank C. C. Va. 1879 FED CAS. 7425 "A national
bank…cannot lend its credit to another by becoming surety, endorser, or
guarantor for him, such an act is ultra vires…" Merchants’ Bank v. Baird,
160 F 642.
Therefore, any ‘loan’ which is an ‘unsecured loan’… can be construed
as being illegal. As well as every credit card ever issued!
Let me clarify this, before I get into trouble.
A bank can and does legally lend it’s "money" as defined as HJR 192
(The federal reserve act of 1913). However, each bank must have a
charter. And NO bank charter gives ANY bank the right to lend it’s
credit.
Here are just a few examples of what the Courts have set as precedent:
"In the federal courts, it is well settled that a national bank has not
power to lend its credit to another by becoming surety, endorser, or
guarantor for him". Farmers and Miners Bank v. Bluefield Nat’l Bank 11F 2d
83, 271 U.S. 669
"The exercise of powers not expressly granted to national banks is
prohibited". First Nat. Bank v. Nat. Exchange Bank, 92 U.S. 122, 128;
California Bank v. Kennedy, 167 U.S. 362, 367; Concord Bank v. Hawkins,
174 U.S. 364.
"checks, drafts, money orders, and bank notes are not lawful money of
the United States". State v. Neilon, 73, Pac. 3211, 43 Ore. 168
Caveat Emptor… "let the buyer beware".
Know your rights…
It’s your responsibility. Do your homework and you will never be able
to be bamboozled.
Michelle A. Hoffmann is a Work at Home mother of 4, website designer,internet marketer, ezine editor/publisher/owner as well as wife to Internet marketing consultant, Udo A. Hoffmann – http://primus-philum.blogspot.com You can visit her website at http://www.24karatmarketer.com or her blog at http://24karatmarketer.co
Know more about getting debt free. And it is also beneficial to know some of the best companies for debt management.
Information about the HJR 192 debt elimination and how can our nation get out of debt.
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