[Mike_Jetson]

Great. some valuable comments coming. I will quote and reply to these one by one as we are getting somewhere now.

Originally Posted by isotelesis

I believe in paying back repayable debts,

All I suggest is people understand how their loan has been financed, then taking appropriate action to protect their rights, preferably through legal recourse.

Yes this is exactly what myself and other members do. We have studied the law hard and now know exactly how and where we have been swindled.

It depends on who owns the debt instrument. If nobody does, then why let someone else claim ownership if they did not own it in the first place? If I lend you $100 I don't have because I have the monopoly to create money based on nothing, do I have the right to force you to pay me back, even though I cheated you for something I never had in the first place?

Bingo! Guess what. The debt instrument is your signature but they have used it to create a promise to pay. Under the law, once the debt is repaid you are supposed to get your instrument returned to you so they should be able to supply you with the promissary note, BUT THEY CANT! Your example was good. If you had lent me $100 and I had paid back this $100 to you, you should keep the interest and I should get my $100 back as my name was used to create it. Its technically mine.

Originally Posted by QueenOfLeon

Then they started charging interest on the paper money....which would work as long as everybody didnt ask for their gold back at once. There is not enough assets to back up the fiat money people. .

Same as now. There is not enough money (the paper stuff) for people to even withdraw the money they own. The same problem can easily happen and this is a major reason the banks had big problems. all it took back then was for 10 % to ask for their gold. Now its less than 5%. A small amount of customers can take down any bank simply by moving their money elsewhere.

Originally Posted by 371

I got out of over $20,000 of reckless credit debt by paying $2500 few years ago.
I did it myself, you just gotta know what to say

Very true. One of the things we teach and share is a bookfull of techniques used by credit negotiation companies. The ones that charge you a fortune and sometimes cant get even 50% deleted.

Originally Posted by Baggywrinkle

Federalize the loan industry. But the fact remains, if you fail to repay the principle of your loan then you
are no better then the loan sharks you are railing against.

http://payaccel.com/index.php

Go back to 1912 before the federal reserve act was passed. Many problems solved right there. If the government creates the money the government keeps the profits which results in lower taxes and even more growth, resulting in more taxes, its a great circle that creates abundance.

The people running that site seem to be offering a councilling service, creating budgets, getting your cash to work for you etc rather than using the law in our favour

Originally Posted by Average Joe

Anyway people, the moral of the story is - don't take financial advice from Zorgon.

Really its a good plan. The problem is paying the interest. Its a good plan for folk who really are in the deep end with their credit and are trying to repair it. There are some good variations on the technique. It wouldnt work well here in the UK because cash withdrawals from a credit card are between 20-30 percent for a good cards, way more for bad. However I havnt looked into the details of the secureed cards which are held against your deposit. If they let you withdraw cash at a rate lower than 15% is a decent deal to get your credit back on good feet.

However, the techniques that we know about can get disputed debt changed/removed etc. And also the technique you suggested for getting the agencies to check individual accounts for accuracy is a good one. Slow banks mean a deleted record for you. Just make sure you try and keep the good ones on file.

For UK folk - totally free reports online with great info on each payment too - http://www.annualcreditreport.co.uk/

More info about us again check out:-

www.freedomandwealth.co.uk (enter email for info to your inbox)
& main site www.libertywealthclub.com (audio links recommended)