A Tutor for My Financial Education
October 15, 2011 in Finance
A few days after my discussion with the mortgage company, I met Ana.
Ana is a friend of a friend. She works as an attorney, representing people with homes going into foreclosure. I told her my story and she was fascinated because, in her experience, the banks were not cooperating like they had with me.
I reminded her I hadn’t seen the paperwork and the deal wasn’t done yet.
She knowingly nodded and told me, “It could happen for you. Don’t give up hope.”
I smiled and suddenly felt like she had a lot to teach me. Before I could ask a question, my lesson began.
“I’ve learned that most of the loan-servicing companies don’t have the right to collect because they don’t have the paperwork necessary to collect. Therefore, I require them to provide that paperwork prior to foreclosing. Most of them can’t do it. If they can’t, it is possible that my client walks away with the house and without a mortgage.
“This doesn’t hurt anyone because the bank has already been paid. If they hadn’t, they would still have the paperwork. See, the signed Promissory Note is a negotiable instrument that the bank sold to another bank or the Federal Reserve through the ones and zeros, the electronic transfer of funds.”
I had heard this before from those on the fringe of certain movements. Now, I was standing face to face with an attorney who was an expert on this topic and hearing it again.
“Ever since the Federal Reserve, a Central Bank was established…”
“Prior to World War I?”
“Yes, and then, Roosevelt took us off the gold standard…”
“In 1933?” I wanted Ana to know I had a point of reference so she didn’t have to explain what I already knew.
“Yes, exactly. Ever since then, the financial system has run off of debt through Federal Reserve Notes and that system is grossly manipulated. I help my clients not get crushed by that system.”
I nodded and listened as Ana went on to describe the legal issues with the banking, tax, and government systems.
I had just met her and she was confirming everything I had written about for the past year. Then, she told me something that caused me to back up and lean against the wall to keep from crumbling to the ground.
This was information I originally heard rumors of almost twenty years ago. I didn’t understand it at the time and it seemed silly to me. However, during my recent research on the government debt crisis, I couldn’t find one piece to the puzzle. Now, Ana was explaining it to me. She was giving me websites, telling me to read the information for myself, explaining how I could test to see if what she was saying was accurate.
I closed my eyes and put my head against the wall as other people began to ask Ana questions.
I realized that if what she told me was true, this would explain so many things about banking, government debt, insurance, and a host of other things.
I’ll tell you what she told me in a future article.


