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News Link • Economy - Economics USA

Top Secret Mortgage Fraud Command Center Opens In Cleveland

• MISH: Global Economic Analysis

1 Comments in Response to

Comment by Ed Price
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Now get this!:

Mortgage fraud is one of the greatest forms of fraud in existence in all of the U. S. A. today. But the fraud is being done by the lending institutions. Here**Q**s how it works.

All loans made by legal lending institutions in the U. S. are not loans. They are creations of new money based on the so called debtor**Q**s signature on the line of some instrument - promissory note. Since a creation of new money is based on the value of a signature, it**Q**s a trade - not a loan. No loan, no money owed in repayment.

Do an Internet search for **QQ**Modern Money Mechanics**QQ** and **QQ**Two faces of Debt**QQ** two Federal Reserve Bank of Chicago publications and see what I mean.

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