Sunday, October 01, 2006

Class in Session: Lesson 5

The note is the center of the transaction and honesty in fact the determining factor of whose rights are paramount. The first confusion is whether the note is a negotiable instrument. Looking at Fannie Mae’s Uniform Instrument 3210 and 3520 you get the impression it is negotiable by the term “instrument” which in the UCC is synonyms with a negotiable instrument. First we discover it is not a check or a draft because there is no order to pay. A note which this is can be deemed a negotiable instrument if it meets certain criteria. It is signed by a maker of the promise. In almost all ways it could be deemed a negotiable instrument but is precluded by the language of conditional payments referenced in another document being a Mortgage, Deed of trust, Security deed (Security Instrument) for the holder to discover in full detail his rights. A Negotiable Instrument must stand on its own for rights. Since it is NOT a negotiable instrument what is it? My prior criminal conviction was a strict liability securities fraud case that centered around a promissory note. If it was a negotiable instrument no securities fraud. If it was not it was a security, which activated many statutes. It was deemed a security, which sent me to prison. This note is no different although governed under different securities laws it is a security. As a security it is not governed by Article 3. It is either certificated or uncertificated. This is going to bring in other Articles to determine rights, title, and interest in this security. That is another lesson. Hope this helps Paulygirl. This security is substantially changed by the added negotiable endorsements that orders payment on the back or by an attached alonge. It is a conversion more than a transfer or assignment. We will look into this soon.

29 comments:

provb1022 said...

The word "conversion" seems to be the key point here. The transformation of my promise to pay into something else. Something I did not know happened. Something that was a surprise to me. Something hidden from me.

Seen it in Utah said...

Maybe Kurt should actually read a trust deed note some time. It does, in fact, stand alone in terms of payment and default. The security instrument (trust deed) deals with the lender's right with respect to the collateral.

Very few of the Doreanites have actually read the documents you are all wound up about. You guys really should read them before following some whack job blindly.

mogel said...

Seen It in Utah said: "The security instrument (trust deed) deals with the lender's right with respect to the collateral."
________________________________
How did the lender achieve those rights you refer to? Were those rights achieved through deception or fraud? If so, your statement that the trusteed stands alone is meaningless and irrelevant.

To say Kurt has never read a trust deed must be some sort of joke, right? I don't get the joke though. Explain it to me.

membrana said...

Utah.I have read my contract.Your right.What is an intelligent open minded person like you doing here, you need to be on Neo's blog.

Seen it in Utah said...

Moogster: You really should be a little more wise about your choice of friends, leaders and prophets. A person signs both a note and a trust deed (except in states where mortgages are used, rather than trust deeds). The Note is just what I stated before--a promise to pay and the terms of the agreed payments. The Trust Deed outlines the rights of both parties with respect to the real estate. They are separate documents. Read 'em buddy. Read 'em and weep.

And Membrana--thanks for the support. I am actually a follower of Neo's blog, also. In fact, Moogie likes to slide on over to Neo's blog and take a whipping sometimes. It is kind of fun to watch when Moogie posts--he gets pounded on like a railroad spike.

neModemes said...

Seen it in Utah said...
It is kind of fun to watch when Moogie posts--he gets pounded on like a railroad spike.

Funny how you chose "pounded" of all words, utah. Rumor has it that Neo "pounds" you "like a railroad spike".

Seen it in Utah said...

Rumor would be incorrect.

neModemes said...

Seen it in Utah said...
Rumor would be incorrect.

If "Rumor would be incorrect", Fact would be correct.

mogel said...

Utah said: "The Note is JUST what I stated before--a promise to pay"
__________________________________
Sorry, but it's more than that. Why not throw it out all together than? As you said, the lender secured his alleged rights on the mortgage or deed of trust, so why does the lender need the promissory note? Can't answer that huh?

Pauligirl said...

mogel said...
Utah said: "The Note is JUST what I stated before--a promise to pay"
__________________________________
Sorry, but it's more than that. Why not throw it out all together than? As you said, the lender secured his alleged rights on the mortgage or deed of trust, so why does the lender need the promissory note? Can't answer that huh?

----------------
Because the note and Deed of Trust are two different things

This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on _________This Security Instrument secures to Lender: (a) the repayment of the debt videnced by the Note, with interest, and
all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's
covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust , with power of sale, the following described property located in_______
County,
---------------------------------


The note creates an obligation (debt) of the borrower, or mortgagor, to pay to the lender, or mortgagee, a specific sum of money, usually to be repaid with interest in a specified manner and by a specified time. Usually, the borrower is personally obligated to pay the debt in accordance with the terms of the note. The lender can recover a judgment against the borrower if the borrower defaults (fails to pay the debt in accordance with the terms of the note) and can execute on that judgment against any assets of the borrower. The lender is not limited to the land covered by the mortgage when it seeks to satisfy the debt created by the note.

Both note and mortgage create obligations of the borrower. The note usually requires the payment of money only. The mortgage creates a number of obligations to the lender not directly related to the payment of money. These are intended to preserve the value of the real estate as security for payment of the debt. They may include a duty to pay taxes and assessments on the real estate, to keep improvements in repair, to maintain both property damage and personal liability insurance for benefit of lender, and, of course, to pay the debt in accordance with the terms of the note.


http://www.law.pitt.edu/fox
/common/Mtgdtr.htm
http://www.law.pitt.edu/fox
/common/Mtgprim.htm

mogel said...

Pauligirl said: "Because the note and Deed of Trust are two different things"
________________________________
It could be quite easy to put the terms of the note as an extra paragraph in the deed of trust. Certainly would simply things.

mogel said...

Or several extra paragraphs as needed to fully explain all of the terms.

mogel said...

Pauligirl said: "Because the note and Deed of Trust are two different things."
___________________________________
No, because the lender wants to benefit TWICE OVER. All of the obligations COULD be presented as one document.

Pauligirl said...

mogel said...
Pauligirl said: "Because the note and Deed of Trust are two different things."
___________________________________
No, because the lender wants to benefit TWICE OVER. All of the obligations COULD be presented as one document.

----------------------
How is the lender benefiting twice over? All of the obligations COULD be presented as one document, but what difference does it make? Do you want your interest rate and payments a matter of public record?
P

KYHOOYA said...

Hey Pauligirl, it seem you mist this post of mine on the last one . So here ya go just wanted to make sure you got the chance to answer this.

a little long but should be self explanitory a give you a quick high light

What I'm asking here is if you can tell me why it is that the two loans discribed don't act in the same way and why the bank has taken the home refi and profited when they should only be paid at best a service charge for there work.

KYHOOYA said...
Pauligirl said...
about the speedy Trial Act

"The court finds that for the reasons stated, for effective preparation of counsel and complexity of the case, time is excluded from Speedy trial Act."
Yes ,I understand that there has been many delays do to the judge stopping the clock for one reson or another. I also understand there are many case & point examples that show this.

My question was where the clock is at this point or has it been set aside altogether ?

I also asked you a question some time back that, that for some reson you or anyone else for that matter have yet to answer . The question was ……

The differences between the loan on a refi of your home and the loan you take on your 401-K plan ?

If one has the understanding of the two differences ,then I ask why can one be let to work to the borrowers benefit and the other only to their expense .

These two differences being shown on a (Home Equity / Cash out EQ Line )
And the (401-K vested equity loan) and understood , that one transaction causing the balance at it terms end to be notably increased by the payments and there application as set forth in the terms.
Yet when in the case of the other transaction it shows that exact opposite affect & has a cured there by causing the acct. to not only be reduced by the loan amount but a staggering 3-4 times the amount of the other EQ loan.

Now if you could tell me if I have something here that isn’t true or if there is something that I can answer for you that might better clarify these two examples. Assuming that you are of the understanding about the differences in these and I haven’t miss something that would cause a change in my position, I would like to here your thoughts on this:

1) How the two loans I have described above are different from (Purchase Home Loan) ?
2) Why the banks shouldn’t be let to lend on something that is your asset in the transaction ?
3) How the banks have taken the terms and such of the loan’s describe and then twisted them in a way as to create profitable gain all stemming from the general publics lack of understanding and their unwillingness to tell them?
4) These action be the case and the bank having the knowledge of the workings with out a doubt is this not a form of grand larceny or fraud and there by a crime by our laws?

KYHOOYA said...

As for Seen it in Utah

the point you and most of the other neysayers seem to want to over look is that the banks are the star of the hole problem by their lying and dishonest business practices.

If you what to sit there and try and say that the banks are totally up front about the workings of the lending game then you are blind stupid or just as much a crook as they are.
Hell the banks themselves will tell you they don't want to explain the working’s to the public.

The fact is they lobby with the side that if they tell us them we won't understand and them that will cause us to not do the loan and then it will hurt the rest of the people and the job and the country will follow all around them not tell how and what it is that their doing in this whole transaction .

Boy the general public must be a bunch of retards if this is the truth and we should find some help for them so they can tie their shoes too.

It's a joke to believe the banks and their lies. There are so many that lies I would break my poor typing finger tiring to list them all .

So we have no disagreement I will post these few for examples.

they hide the wholesale bit and how they can change the bottom line at the risk of your without you ever have been told .

they pull crap like YSP, and rate speculation .
the banks back brokers up by insisting that there are base line min. charges and that the lender will not disclose anything about the fee's

You know what Utah it just pisses me off when someone in your line of work come on here and starts with all the better than thou crap, when there is no way you don't know about the underhanded goings on around the lending business.

Oh and don't post back with that same old bullshit that everyone of you guys do like: "You know their are a few bad ones but you only work with the good lender and brokers". HA! LOL. That’s why there are law to protect the customers HA! HA! LOL, Or last the "You never seen or done anything that was not perfectly above board and forthright in regarded to dealing with the customers and the lender alike".

HA!HA!HA!HA! LOL.

What a bunch of crap that is there is more ways for you and your businesses partners to fuck someone that I've got fingers to type them. hide the payment hide the rate and terms Hyde the rate sheet hide the real rate sheet hold the personal documents of customers hostage so if they try and shop you it will just take some time to get those back to them lets say 30 45 day when there time has run out and there will be another charge to renew,

There is so much shit that I won't waste any more of my time on it with you it won't make any thing change in your eyes because your going to go on doing the same old shit tomorrow as today and it won't matter one bit as you go to the bank with those checks ( or should I say just elec. transfer them) will it Utah ?


so please quit with all the finer point on lending and such won’t you.

Just face what you are and live with it already but plz leave us that want to fight it along if your going to try and say that you as clear & clean as the driven snow .... Cuz it just is going to insite a back lash of profanity from the crowed that can't believe you say the thing you doing all well protesting you good faith dealings in regard to business .

Now that is something I would like to see!

L8r

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son of a prophet said...

wanta said...

"...how come you no wanta give me the money?....




Wanta Dealing With Austria Now For Release of Trillions.

What Happened to the American People?


Wanta priincipals say Vatican not involved in behind the scenes control of Wanta trillions. But other researchers disagree, saying the whole story now smells with Vatican/NWO deceit, as Wanta may have good intentions but being used as a patsy.
3 Oct 2006

By Greg Szymanski



According to Michael C. Cottrell, treasurer of the company formed by Ambassador Leo Wanta to distribute $4.5 trillion in repatriated off shore money, the Vatican is not involved in the behind the scenes shenanigans of blocking the release of the money.



But Eric Jon Phelps, author of Vatican Assassins, strongly disagrees. Phelps claims after researching the story and watching the story mature, every "sign and signal" in the story leads him to believe the Vatican is working hard behind the scenes to control Wanta and working "overtime, in fact, never to release one penny for the betterment of the American economy."



And Phelps accusations need to be taken seriously because ever since the Arctic Beacon started questioning Vatican involvement in the Wanta story, the publication's editor has been the subject of threats, harassment and CIA surveillance.



"Why would Wanta ever allow the money to be put into a Bank of America account or a Citibank account since the BOA is controlled by the Jesuits and Citibank is under Knights of Malta control.," said Phelps regarding the transfer of the $4.5 trillion in June. "Why did he ever allow the money to be transferred into the hands of a third party when he supposedly has control of the money as legal trustor."



In fact, the Arctic Beacon recently asked the same question publicly, as legally Wanta was declared trustor of more than $27.5 trillion with supposed signatory power over the money spread in hundreds of foreign banks. Further, if Wanta is legal trustor, asked many readers, why does he have to enter into an agreement with the U.S government in the first place?



But instead of Wanta putting the money in his account after reaching a deal to repatriate $4.5 trillion, the money was transferred into a third party BOA and Citibank account, where then, according to Wanta and Cottrell, the Bush administration has illegally blocked the transfer, using the money in a nefarious manner to reap monetary benefits while usurping Wanta and the American people's legal right to the money.



"You have to question the Vatican involvement here," added Phelps. "They want to bring this country to its knees and never would they allow this much money back into the economy since we know they have control of our banking system through the CFR and control over the Federal Reserve."



Besides the Vatican being questioned as the real behind the scenes controllers of this story, Wanta has been at odds with the powers that be ever since he was declared legal trustor of more than $27.5 trillion accumulated as a result of his financial efforts on behalf of President Ronald Reagan to destabilize the Russian currency at the end of the Cold War.



Furthermore, Wanta was jailed for the better part of a decade for trying to return trillions to the American people, as Reagan had dictated, but later was backstabbed by the following three presidential administrations who instead wanted to illegally pocket the money for their own personal use, according to Wanta.



Previously, Wanta came forward with these allegations, presenting documentation of more $745 billion in misdirected and stolen money, attributing the thievery to those occupying the White House after Reagan left office.



Upon his release about a year and a half ago from a Wisconsin state prison, Wanta set out on a financial quest to repatriate the money according to Reagan's directives, in May entering into a negotiated settlement with the powers that be to return $4.5 trillion for the benefit of the U.S. economy.



Phelps added that it's hard to tell what Wanta's real role is in the story, but said either he is being used as a patsy or that the Vatican is in firm control of the entire series of events with the ultimate goal to "agitate the people and destabilize the economy" by creating a smokescreen while the powers that be continue stealing trillions of off shore money.



Although Phelps would like to believe Wanta's version of events, he added the "whole scenario" looks like a "Jesuit operation" to create confusion while further debasing the American government and bringing down the economy.



"You have to remember that the Jesuits and the Vatican control the New World Order and their goal is to destroy freedom and the American economy," added Phelps. "They will never allow anything good to happen and will release trillions into the economy."



On a recent radio show on a Christian station, Phelps said the reason the Arctic Beacon editor became the target of a stepped-up harassment campaign was because he began questioning Vatican and Jesuit control of the story. Szymanski also appeared on the show in order to leave a public record of the strange series of events, leading him to go public for protection and/or protection of Wanta, who has gone into hiding.



Until recently, Wanta has always "gone public" with his accusations and financial details about the repatriation settlement, but of late has been hiding away and staying out of the public eye, citing security reasons.



And it wasn't until last week, after the Vatican involvement was questioned and a strange sequence of events occurred involving the whole Wanta story, that finally prompted the Arctic Beacon editor to "go public" in an effort to protect his future, the future of his family and/or the safety of Ambassador Wanta.



As detailed in a recent article, Here is an update and the sequence of strange events that occurred:



According to principals close to the story, Wanta is keeping out of sight and a very low profile, fearing for his safety as the release of the money may only be days away.



According to Cottrell if the money isn't released in the next few days, he is prepared to go public again on Greg Szymanski's radio show, The Investigative Journal on the Genesis Communications Radio Network at www.gcnlive.com.



The following strange sequence of events, occurring after the Jesuit Order and Vatican's motives were questioned related to the Wanta story, took place in the following manner, leading the Arctic Beacon editor to go public in order to protect himself as well as protecting the safety of Ambassador.



The editor also told his story Saturday on a Christian radio network in order that the harassment and threats be immediately chronicled publicly, as and added measure of safety and protection for the parties involved. Here is the sequence of events as they occurred:



----After an article appeared in the Arctic Beacon critical of the Vatican and Jesuits, a call was placed to the landline phone number of the editor on Sept. 21, asking for an unknown individual. The call was obviously placed from an Intelligence Agency since the number was non existent and was traced to be 489-489-4894.



---- After the editor conducted an interview with former Catholic Bishop of Guatemala, Gerard Bouffard, on Sept. 22, highly critical with eye-witness testimony implicating the Jesuit Order and Vatican as the spiritual controllers of the New World Order, a threatening email was received on Sept 23 essentially telling the editor to leave the country quickly or blood may be shed.



---- After several stories appeared in the Arctic Beacon questioning the Jesuit manipulation of the Wanta story and asking questions why Wanta was not communicating with an "old friend" who essentially verified his story, Wanta left a message on the editor's answering machine asking for a minor change, saying to call Cottrell since he was traveling. The funny thing about the call was that it was placed from a calling card number in a town very near the vicinity of the editor's residence.



---- On Sept. 28, the editor also received a message on his answering machine, saying the story had "created quite a stir" also indicating a minor word correction needed to be made on the story. Later in phone conversations, Cottrell indicated Wanta had called from nearby the editor's location, but was staying out of the public eye since he feared for his life. Cottrell added from what he knew and heard Wanta's life was in danger and the editor was being put under surveillance and harassed, as a scare tactic to quite down the story and perhaps give a clue to Wanta's location.



---- On Sept. 30 the editor received an email from France or Brussels, where Wanta has people handing his financial affairs, saying Wanta was going to meet with his "old friend", an international financier, as well as meet with the editor, saying " Amb Wanta will be seeing you soonest as well .... Further, he had never stated he did not want to speak w/you, but he is not in WI presently ....for security reasons."



---- In the late morning on Sept. 30, the editor received another call from Intelligence, this time from a man with a Middle Eastern accent asking if Ratti was home. The number again was traced as nonexistent and was the same 489-489-4894 number used on Sept. 21.



Commenting on the story further, Phelps said it looks like the powers that be want to create further world wide financial confusion by spreading the Wanta story. He added that if the money was released, he might think differently, but it appears the purpose is to spread endless confusion and further deflate the American economy.



Phelps' point is well-taken as many readers have commented that the story appears to spiraling "out of control with no end in sight." Furthermore, with each passing day the story gets stranger and stranger, creating world wide financial confusion while never ever getting close to really helping the American people.



"That's the Jesuit strategy," added Phelps. "This story looks like a perfect Jesuit tactic to agitate the people while reaching their goal of debasing the U.S. government around the world and destroying the economy. There is a very good chance they have been using this publication as a patsy, but once you called them on it, they realized you were on to them and that is when the harassment began, The Arctic Beacon has always stood for the truth and I applaud your efforts at having the courage to tell this story and try to get to the bottom of it while, at the same time, exposing that trillions of dollars have been stolen from the American people."



To illustrate the continued confusion being fueled here and abroad, Christopher Story, editor of the International Currency Review, one of the few journalists writing about Wanta, printed a story today, leaving the Arctic Beacon's tongue hanging out and wondering:



"Who's who and what is really happening behind the scenes of the "$27.5 trillion dollar man story?"



The story is reprinted in order for readers to make sense out of it, as frankly we can't, and provide comments to the Arctic Beacon, as this publication thinks the Wanta story is spiraling out of control with no clear end in sight and no clear benefit to the American economy. The only benefit, however, is that the truth will one day be told and at least we understand how many trillions have been stolen from the American people.



By Christopher Story FRSA, Editor and Publisher, International Currency Review,

London, 3 October 2006



Ambassador Leo Emil Wanta, who is legally a resident of the Republic of Austria, has offered the new Austrian Government the opportunity to charge its standard 50% corporate tax on the entire portfolio of assets, worth originally $27.5 trillion, and now valued, with ongoing accruals, at in excess of $70 trillion.



He is legally the Principal of these funds.



This is because the White House and the U.S. Treasury have refused to honour Ambassador Leo Wanta's compromise $4.5 trillion settlement, which has been the subject of successive postings since June 2006 on this authorised website.



It is now October, and this farce has gone on for long enough.



In addition, the full value of the 2,000 tonnes of gold bullion acquired by Leo Wanta, during his Financial Warfare operations against the Soviet Union, in accordance with the direct instructions he received from President Reagan, will be chargeable to Inland Revenue tax in Austria.



He is also the Principal and owner of this gold.



VIENNA RECEIVES AMBASSADOR WANTA'S

OFFER WITH UNDERSTANDABLE ENTHUSIASM



The incoming Austrian Government led by Chancellor Wolfgang Schuessel, and the Austrian Chancellor-designate, Alfred Gusenbauer, and their advisers, have received this offer with understandable enthusiasm, and are already working on arrangements for the payments, which will convert Austria into the richest nation country in Europe, and indeed the world.



Leo Wanta held back making this offer pending the $4.5 trillion Settlement with the US authorities, on which the US Treasury has repeatedly defaulted since June 2006.



Instead, the White House, Treasury and Federal Reserve have hijacked the funds as collateral for exotic off-balance sheet financial transactions in order to sustain the fiat $ money carousel from which officials have been enriching themselves in a grotesque abuse of power which may lead to the Second American Revolution.



WANTA ORIGINALLY ORDERED BY THE WHITE HOUSE

TO RESIDE IN AUSTRIA FOR OPERATIONAL PURPOSES



Leo Wanta was ordered by the White House to go and live in Austria, from where he conducted extensive international intelligence operations in the 1980s and early 1990s on behalf of the US Government. With effect from June 1988, he obtained authorisation from the Austrian Court ? the sole means of obtaining Austrian residency ? to reside in Austria, where his business and personal accruals are taxable.



On 7th July 1993, he was kidnapped in Switzerland, while on US Government business and serving as Somali Ambassador (agreed with the White House) to Switzerland and Canada. He was thrown into a stinking, polluted Swiss jail, where Swiss intelligence tried to murder him by feeding him tainted cheese, and was illegally extradited in shackles after 134 days, to New York.



A United States Federal Court in Brooklyn threw out the US Government's case, but Leo was then illegally rearrested on the US Courthouse steps without a warrant, and was illegally extradited to Wisconsin, on trumped-up civil tax charges ? where he languished both in jail and under house arrest, for 12 years. The purpose of this cynical, heartless operation was to remove him from the scene so that the funds of which he is Principal could be diverted, stolen and cynically misappropriated.



INTERNATIONAL CURRENCY REVIEW

TO PUBLISH DOCUMENTS EXPOSING THE SCANDA



Full exposure of this travesty, including the text of a letter containing a nexus of demonstrable lies from the FBI to the Wisconsin Assistant Attorney General, Douglas Haag, which was then forwarded by Mr Haag to the Wisconsin County Judge, Michael B. Torphy ? thereby perverting the course of justice ? will be exposed, along with an unprecedented presentation of related intelligence and documentation about this scandal, in the forthcoming issue of International Currency Review (1).



The FBI's lies conflicted absurdly with the parallel lies perpetrated by the CIA, which maintained to the international financial community and to its own deceived cadres, that Ambassador Wanta was dead. (A dead man cannot (yet) be tried in US Federal Courts, although he can evidently be tried in State Courts. This fiasco shows that the culture of lying, which permeates the US Government, is so crudely applied that the FBI and the CIA cannot even co-ordinate their lies to ensure they match).



Underlying these scandals was the determination of rival US criminal intelligence gangs to grab control of the $27.5 trillion that Leo Emil Wanta had assembled on President Ronald Reagan's instructions. The funds were regarded as 'fair game', and so a repulsive free-for-all ensued.



ALSO: THE CLINTONS STOLE AMBASSADOR LEO WANTA'S UNITED NATIONS CONTRACT # 4, WORTH $5.0 TRILLION



Following his successful 'takedown' of the Soviet Union by means of Presidentially authorised Financial and Economic Warfare operations, Leo Wanta was awarded control of United Nations Contract Number 4, worth $5.0 trillion. This was stolen from him, after he had been 'taken down', by the CIA's operative, President William Jefferson Clinton, and his CIA wife, Hillary Clinton.



OVER 200 PAGES OF WANTA BANKING TRANSACTION

DOCUMENTS AND COORDINATES TO BE PUBLISHED



The forthcoming special issue of International Currency Review will display over 200 pages of Leo Wanta's banking and related documents illustrating and identifying banks, account coordinates and other relevant information ? including details of bank accounts which have been illegally brought under the control of others, and accounts opened in the personal name or names of American intelligence-related criminal operatives, with the funds placed corruptly in their own personal names. Publication of these documents will throw the international spotlight onto the biggest nexus of banking-intelligence scandals in world history.







SCARED CIA 'LAWYERS' AND INTELLIGENCE OPERATIVES,

SEEING WHAT'S COMING DOWN, HAVE PACKED UP AND EMIGRATED



Certain financially compromised US intelligence operatives known to have stuck their corrupt fingers into this banking pie, have recently disappeared ? with some, it is now believed, having suddenly taken up residence in the Republic of Ireland, which has no extradition treaty with the United States because of Washington's hypocritical attitude towards Irish terrorists, who are for some reason considered acceptable. (The British have lost over 5,000 people murdered by these terrorists over the years, while more than 25,000 people have been injured).







U.S. OFFICIALS HAVE CYNICALLY WASTED

FIVE PRECIOUS MONTHS PLAYING SELF-ENRICHMENT GAMES



The U.S. authorities have wasted five months playing illegal self-enrichment games with the $4.5 trillion belonging to Ambassador Wanta, which will now be payable in accordance with Ambassador Wanta's instructions into accounts under his control, that will be taxable by the Austrian authorities.







TWO GIANT WALL STREET FIRMS (NAMED BELOW) MUST

DISGORGE THE $4.5 TRILLION ? PLUS THE INTEREST DUE



It will be necessary for the two Wall Street financial institutions which have been trading the $4.5 trillion illegally, to disgorge the full $4.5 trillion plus all the interest applicable since the beginning of July, for Ambassador Leo Wanta's taxable corporate accounts in Austria and as designated.



The identity of the two large US institutions that have been trading the $4.5 trillion ? in lieu of the funds being credited to Leo Wanta's Virginia-based AmeriTrust Groupe, Inc, as instructed by its Treasurer, Michael C. Cottrell, M.S., in unacknowledged correspondence to the US Treasury ? was revealed in a terse communication from Ambassador Wanta to President George W. Bush Jr. on Friday 29th September 2006.



This referred to the fact that economic receipt of the long since formally agreed financial Settlement worth $4.5 trillion, was 'still unlawfully delayed within Goldman Sachs/Citibank, as clearly acknowledged within our US Department of the Treasury et al'.



DETAILS OF THE ORIGINAL TRANSACTION ? FOR THE RECORD

As a consequence of its blatant banditry with Ambassador Leo Wanta's funds [see earlier postings on this website for details], the US Treasury, Federal Reserve and the White House have forfeited the residual respect of the entire international financial community. And the US Treasury has 'lost' $11 trillion to date by way of tax windfall payments from Wanta's operations, since midsummer 2006.



But such behaviour by the US authorities is nothing new, as will now be explained.



The original (late 1980s) refunding requests, met by a consortium of 200+ international banks, consisted of two tranches, as follows:







** $12 trillion of 'Fresh Cut' promissory bank Notes earning 7.5% interest annually, for 20 years and one day, with Swiss Bank Corporation and Deutsche Bank being the issuing bank for the funders [Transaction code: DKGO 83188 and JOS-TT-0001].



** $15 trillion of 'Fresh Cut' Promissory Bank Notes earning 7.5% interest annually, for 20 years and one day, with Banque Romande as the lead Funding Bank [Transaction Code: G.O.C.H. 11 0888].



The Collateral Code for both tranches was EFG JACOBE/ICC400/322/C3416, with Barclays Bank Plc ( London) and ABN-AMRO Bank (Amsterdam) being the lead banks handling the collateral.



The purposes of this transaction, which was the largest ever arranged, included buttressing the fragile dollar-based banking system; filling in gaping holes following the criminal ransacking of the US Savings and Loan institutions by criminalised US intelligence cadres; and providing US officials with the financial resources to 'manage' the intended 'post-Cold War' environment. As President Ronald Reagan's most trusted intelligence aide, Leo Emil Wanta was given the responsibility, as Principal, for controlling and managing these funds in accordance with his Presidential instructions.



Promissory Bank Notes (PBNs) are one form of bank instrument that are used by nation states and international institutions for debt-financing purposes. They are also used as the basis for arbitrage transactions, which are illegal in the United States, but not elsewhere. In the original transaction, for an overall face value of $27.5 trillion, the PBNs were purchased by a consortium of foreign banks, mainly in the Far East and Europe. The funders agreed to purchase the PBNs at 71.5% of their face value, to be repaid at par in 20 years and one day, plus an annual interest rate of 7.5%. The PBNs were sold by the consortium of 200+ banks at a cost of 61.5% ? the 10% difference being made up of bank fees, suppliers' (collateral) fees, funding agents' fees and various commission fees, together with monies targeted for various countries to finance agreed projects.



1991 REPORT CITED SIMILAR FRAUD COMMITTED BY U.S. BANKS, ON U.S. GOVERNMENT INSTRUCTIONS



As noted, the loan transaction was the largest ever put together. By 22nd February 1991, some two-thirds of the overall transaction had been completed. A report of that date on the transaction leaked, to International Currency Review and published in 2003 and 2005(2), contained this statement:



'The remaining monies for disbursement have been held by the US banks, for reasons which can only be described as fraudulent, under the direct instruction of the US Government, for over a year and a half.



In addition, there has been a conspiracy of misinformation, orchestrated at the highest levels of the US Government, regarding the exact whereabouts of these monies, and the timing of the payout. These



monies should have been paid out in June 1989, or shortly thereafter' (3).



A REPLAY OF THE 1989-91 MONEY-MAKING SCAMS ?

BUT WITH THE SPOTLIGHT SHINING IN THEIR GREEDY FACES



Sounds familiar? A replay of such behaviour has taken place since June 2006, when the formal Wanta Settlement, signed off by the US Supreme Court, the President, the US Treasury Secretary, the Chairman of the Federal Reserve, and senior legislators last December, should have been initiated ? prior to taxable business transactions beginning in July 2006 which would have netted the US Treasury some $11 trillion by now, plus massive windfall tax revenues payable to the cash-strapped states of Virginia and Pennsylvania, as described in our earlier reports.



But instead of honouring their obligations, the seemingly mentally deficient operatives in the White House, the US Treasury and Federal Reserve, and their intermediary associates in the banking and intelligence communities, preferred, predictably, to revert to their usual untaxed off-balance sheet self-enrichment ploys, as in 1989-91 ? using the $4.5 trillion brought across the foreign exchanges from April to June 2006, as 'collateral'.



GRAVE CONSEQUENCES OF THIS OFFICIAL

CRIMINALITY ARE NOW ANTICIPATED



This time round, however, the spotlight has been shining in their faces ? a fact which does not seem to have deterred those concerned, from their reckless determination to indulge in a frenzied orgy of self-enrichment ? without regard for the consequences.



These, however, are now likely to be so severe that the whole world may be rocked to its foundations ? unless there is a sudden, belated change of attitude at the highest levels in the US official structures.

It goes without saying that the reputation of the US Treasury, the Federal Reserve and of certain US institutions is suffering, as the international financial community contemplates the prospective fall-out from this latest demonstration of American official arrogance.



And quite apart from what is now very liable to happen in the United States itself at any time, consequent upon the reprobate failure of the US authorities to fulfil their obligations ? and to prefer de facto default in order to buy more time for self-enrichment ? the banks also face an unprecedented crisis.



Let us consider specifically what this implies.



WHAT 'CALLING THE WANTA MONEY'

ACTUALLY MEANS IN PRACTICE: AN EXAMPLE



At a certain bank in Central London, there is a lock box belonging to corporations owned by Ambassador Wanta, and it is open to the Ambassador to walk into this institution at any time, having made an appointment for the purpose, to request to open the lock box in the presence of the Bank Custodian, and to dispose of the real assets contained therein, as he sees fit. The bank must of course implement his instructions. If these assets have been used illegally as collateral for hypothecation purposes, so that their withdrawal from this bank might cause not just the bank in question, but other banks with which it has been merged, to collapse, that is not the Ambassador's problem any longer. Mr Wanta has been leaning over backwards for months to 'provide space' for the American authorities to fulfil their Settlement obligations ? so that the banks which have stolen and diverted funds for collateral and hypothecation purposes, could be let off the hook.



But the US Treasury and the White House seem to prefer the prospect of a global financial calamity, to the simple task of ordering the $4.5 trillion to be transferred to the relevant securities accounts of AmeriTrust Groupe, Inc [see ID and taxation coordinates below].



BANKS HAVE BEEN USING AMBASSADOR WANTA'S FUNDS

FOR THEIR OWN BOOKS, AS A MUTUAL SURVIVAL 'FLOAT'



The banks holding Leo Wanta's real assets, while he was so conveniently taken 'out of the way' on trumped-up charges for 12+ years (as it turned out), so that the funds could be diverted and stolen, have been using them for their own books ? institutionalising the system of interbank pledges and ledger entries (ledger to ledger).



In other words, the banks are supporting each other, using inter alia the vast float of funds generated from Leo Wanta's real assets, to keep themselves solvent.



Naturally, the institutions concerned are individually and collectively anxious (an understatement) for the Leo Wanta Settlement to be finalised ? because they will thereby be 'off the hook', in the sense that the assets will not be called, so that they will not, accordingly, be required to account for their source of funds, and use of funds. That would be anathema for them, since in many cases the funds have been diverted, collateralised, and/or stolen.



U.S. TAX EVADERS MAY STILL FACE A SHOWDOWN,

WHILE AMERICANS WILL GO ON PAYING MORE TAX



The US intermediaries who have been generating money and storing their profits in unreported offshore bank accounts, will still remain liable to be indicted for tax evasion, if the US Internal Revenue Service (IRS) ? which has been in gross dereliction of its duty of fairness to all US taxpayers ? finally gets round to investigating the convoluted financial affairs of the self-enrichment officials and others who have been cynically milking the US dollar fiat money system for their own benefit while occupying official positions.







And following the failure of the Treasury to order the $4.5 trillion belonging to Ambassador Wanta to be credited to his Virginia corporation's securities accounts with designated US institutions, not only does the Treasury now face the prospect of losing the further trillions in tax accruals that had been intended, but the badly betrayed American people will clearly be condemned to shoulder ever-increasing taxation burdens indefinitely.







This is because the Bush II White House prefers the fiat money carousel, which generates ever-expanding 'hidden' Federal budgetary debts that have been growing exponentially for over a century ? but which also enable senior officials to enrich themselves off-balance sheet without paying tax. Over the medium term, the volume of such untaxed US 'funny money' that will have been generated will destroy the dollar ? which may even be the intention (for it to be replaced by a world currency).



The United States is going to regret defaulting on Leo Wanta's Settlement: and it is likely that the American people will have something decisive to say on this matter.



THE UNITED STATES' CATASTROPHIC LOSS

WILL BE THE REPUBLIC OF AUSTRIA'S GAIN



But the Republic of Austria, which provided Leo Wanta with hospitality and security in the years before the criminal cadres took complete control in the United States, will become the richest nation in Europe ? and indeed, in the world.



Work started on details of the new arrangements with the Austrian authorities and Chancellor-designate Alfred Gusenbauer, on the evening of Sunday 1st October 2006, when it became clear that the US authorities were not interested in the trillions of tax accruals payable under the Wanta Settlement, on which they have reneged.



Quite rightly, the Austrians see this is an opportunity not to be missed: and they will be hastening completion of the formalities with the Ambassador over days and weeks ahead.



And Americans, facing mid-term elections shortly, will be demanding to know why the Bush II White House has let them down so badly.

Greg Szymanski

son of a prophet said...

of all the countries in the world for all this $$$$ and gold to go to....AUSTRIA????


INTERESTING!?

could the next ac come from austria, like histler did?

austria would become the richest country in the world OVERNIGHT!

something is up BIG TIME with this stuff.

mogel said...

Paulgirl said: "Do you want your interest rate and payments a matter of public record?"
Do you want your interest rate and payments a matter of public record?
_______________________________
Almost everything else is public record these days, so it probably wouldn't matter much. And if it isn't public record, it can be bought for a price.

Seen it in Utah said...

Mogel: You really do not understand the difference between the note and the security instrument (trust deed). They are different documents with different purposes. There are NOT two loans--just one secured loan. Read the documents! You will learn a great deal about the promises and yes, covenants (again--read the document) contained in them.

As to Kahooey--I am unable to understand your thought process and stream of conscience typing is impossible to follow. I am not adverse to discussion with you--I just don't understand what you are saying.

tcob247 said...

LOL

tfb said...

I have a problem with my state's (PA) transfer tax. When we transfered our deed into the trust
we were asseted a real estate transfer tax of $500.00. I tried to fight it saying our trust was a living trust which would make it exempt but my great state said no no!!! After transfering my house back with no problems. I'm now claiming the doc's were not legal I'm out $3000.00 and my state's trying to get more. Could anybody out there please give me any advise

mogel said...

Paulgirl said: Do you want your interest rate and payments a matter of public record?
_______________________________
What you owe is a matter of public record according to the mortgage or deed of trust, so why would the interest rate I'm paying matter very much, or even the monthly payment? Course what is stopping someone from recording the promissory note too?

Pauligirl said...

mogel said...
Paulgirl said: Do you want your interest rate and payments a matter of public record?
_______________________________
What you owe is a matter of public record according to the mortgage or deed of trust, so why would the interest rate I'm paying matter very much, or even the monthly payment? Course what is stopping someone from recording the promissory note too?

5:48 PM

What's stopping someone from recording the note? Nothing. Have at it. You'd probably have to do it with a certified copy since there's usually a time limit on getting originals back to the lender. There's no point to it, but if it makes you happy....
P

Pauligirl said...

KYHOOYA said...
Hey Pauligirl, it seem you mist this post of mine on the last one
---------------
It's not that I missed it, I just don't know anything about 401K loans. I don't deal with them.

Maybe this will help.
http://www.mtgprofessor.com
/A%20-%20Second%20Mortgages/second_mortgage_
versus_401k_loan.htm

drhfred said...

tfb:

If you are not a part of the constabulary and truly have a problem with a non-statutory, irrevocable, contract trust I can and will help you. There are thousands of the trust I am associated with in Pennsylvania. Please call me 408-866-8625.
Dr. H. Fred

neodemes said...

neModemes said...

...nothing of consequence.

Back in the box, pervert.

Hey, Seen It, I sent you a PM sometime back. You never picked it up.

http://www.rei-resource.com/rei-forum/privmsg.php?folder=inbox

Scott from Vineland said...

Pauligirl said...
----------------
Because the note and Deed of Trust are two different things

This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on _________This Security Instrument secures to Lender: (a) the repayment of the debt videnced by the Note, with interest, and
all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's
covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust , with power of sale, the following described property located in_______
County,
---------------------------------


The note creates an obligation (debt) of the borrower, or mortgagor, to pay to the lender, or mortgagee, a specific sum of money, usually to be repaid with interest in a specified manner and by a specified time. Usually, the borrower is personally obligated to pay the debt in accordance with the terms of the note. The lender can recover a judgment against the borrower if the borrower defaults (fails to pay the debt in accordance with the terms of the note) and can execute on that judgment against any assets of the borrower. The lender is not limited to the land covered by the mortgage when it seeks to satisfy the debt created by the note.

Both note and mortgage create obligations of the borrower. The note usually requires the payment of money only. The mortgage creates a number of obligations to the lender not directly related to the payment of money. These are intended to preserve the value of the real estate as security for payment of the debt. They may include a duty to pay taxes and assessments on the real estate, to keep improvements in repair, to maintain both property damage and personal liability insurance for benefit of lender, and, of course, to pay the debt in accordance with the terms of the note.
-----------------------

Thanks, PG. This is really an accurate and well-thought out explanation of the Promissory Note and Security Instrument. If you take the considerable time required to read them, the verbiage in the documents is really not that difficult to understand, is it?