3. A validation of the debt in the form of an affidavit or a signed invoice.
This writer has never heard of a single case where a bank responded with any of the above requested documents.
Why is this?
1. A contract signed by both parties does not exist. The bank never signed the loan contract for at least two reasons; a) it did not want to leave itself open to being sued for contracting to loan money it had no intention of loaning, and did not indeed loan, and b) a contract is not a negotiable instrument -- but a Promissory Note is.
Therefore, a unilaterally signed contract is not valid in law and is unenforceable.
Other elements that must be present in a valid contract are:
i) Equal Consideration: You put up your promissory note and your property -- the bank put up nothing of its own. That makes the contract, if one existed, invalid.
ii) Full Disclosure: Did the bank tell you it put up no money of its own but used your promissory note to fund the 'loan'? This too invalidates the so called contract.
iii) Lawful Terms and Conditions: Taking the above fraud into consideration, how could there possibly be Lawful Terms and Conditions?
2. The bank's auditor will not give a sworn document testifying that the bank loaned you its own money because he knows that such a declaration would be false and perjurious and land him in jail for a considerable spell.
3. The bank will not issue an affidavit or a signed invoice for the same reason as in the above paragraph. An invoice is an itemized list of goods or services provided. There were no goods or services provided and to issue an affidavit or invoice for non-existing goods or services is blatant fraud! Remember that under the Bills of Exchange Act 1882 one does not have to pay on foot of a statement but only on an invoice, a signed invoice. (In the USA negotiable instruments are covered by the Uniform Commercial Code, Sections 3 and 4.)
Some 'borrowers' are progressing much further in seeking retribution from the banks. If the banks cannot provide the documents requested, thereby substantiating their loans, the 'borrowers' are attaching commercial liens to the banks' property and assets in order to recover the money they were cheated out of plus three times the principal in commercial injuries. Also, punitive damages, if pursued, could amount to as much as 200 times the principal.
Let's be perfectly clear about all of this. Modern banking is the most gigantic act of criminality ever imposed on mankind, deviously designed for the abject enslavement of the many for the huge enrichment of the few.
You can play your part in destroying this evil institution by challenging the banksters to validate their 'loans' to you. Collectively, the power and determination of the people will tear down this vile creation and trample it into oblivion. It is the root cause of almost all the ills besetting the peoples of the earth.
A word of caution! The information given here is not meant as legal or financial advice. What may work for one person may not work for another. Use this information as a basis for further education. Get up off your gluteus and work to inform yourself. Believe in yourself. Believe in your own immense power. Start making changes in the world for the betterment of the generations who are coming. Take courage; be not afraid, for we are many and they are few. And we have something that they can never counteract -- the Truth!
Be mindful of the words of Albert Einstein: "The world is a dangerous place to live; not because of the people who are evil, but because of the people who don't do anything about it."
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