Words from the Rising Republics

November 23, 2014

 

DIFFERENCE BETWEEN RENTAL PAYMENTS & MORTGAGES

 Rental Payments are in an amount and for a length of time as agreed. No usury laws apply.

A receipt verifies the amount paid and the date payment was made.

A mortgage is in two parts:

        1. a promissory note which is evidence of the debt.

        2. A mortgage which conveys property used as a security instrument for payment of the note. It inures and operates as a mortgage only, conferring on the parties reciprocal rights and remedies. The grantee may resort to a court of equity to have it so declared, and for its foreclosure, as well as the debtor for redemption. Usury statutes apply. The promissory note (the instrument) is returned to the signer if payment is made in full. UCC Section 3-501(b)(2). Debtor transformed into peon if not returned.

 42 U.S. Code § 1994 - Peonage abolished

 The holding of any person to service or labor under the system known as peonage is abolished and forever prohibited in any Territory or State of the United States; and all acts, laws, resolutions, orders, regulations, or usages of any Territory or State, which have heretofore established, maintained, or enforced, or by virtue of which any attempt shall hereafter be made to establish, maintain, or enforce, directly or indirectly, the voluntary or involuntary service or labor of any persons as peons, in liquidation of any debt or obligation, or otherwise, are declared null and void.

 Today, the financial industry has made peons of 72 million Americans. How? Property is taken and Peons are made to pay rent while told the payments are to satisfy a mortgage. Property cannot be redeemed by a renter. The promissory note, that once was legal tender used in an exchange, is not surrendered when full payment is made or when the note is satisfied by the sale of the property. The criminals keep the note and the money.

 Again: Renter is given a receipt when the rent is paid.

             Debtor gets nothing in exchange when the debt, as evidenced by the note, is paid in full.

Why?   The financial industry is trading in mortgage notes at the Wall Street casino under the name of CDO, CMO, Derivatives, among other names. If the bet wins, they keep the winnings. Taxpayers are burdened with the losses because the banks are too big to fail. Only Bernie Madoff is shamed into going to jail as a confessed crook even after being helped by an attorney.

 It can’t be possible. Yes, politicians and Al Capone have proven that one can get away with about anything if he controls three things.

1. Media (especially national media outlets) We need cheap labor.
2. The Judiciary
3.  Law Enforcement

In the worst case just bribe the jury. Who cares if the Land of the Free dies slowly or at a rapid pace?

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