The Truth About Our Current Mortgage and Banking System
"You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out." – Andrew Jackson, to a delegation of bankers discussing the Bank Renewal Bill, 1832
Mortgage Planner Chris Prang (The Mortgage Analyst) Reveals The Truth About Our Current Mortgage and Banking System and Lets You In On Little Known Secrets and How They Adversely Affect Your Ability To Own Your Home Outright and To Become Debt-Free!
Thomas Jefferson and The Bible Do Have Something In Common After All
Our current system of borrowing, especially when it comes to financing a home, is a corrupt system that has been developed and perfected over time by an elite group of people who have only one desire, to control all the world's money and all the governments of the world. If you think I am kidding, read the following quotes from David Rockefeller.
"For more than a century, ideological extremists at either end of the political spectrum have seized upon well-publicized incidents to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that's the charge, I stand guilty, and I am proud of it." – David Rockefeller, in his Autobiography, "Memoirs"
Rockefeller has additionally stated:
"We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is more sophisticated and prepared to march towards a world government. The super-national sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries." – David Rockefeller, then Chairman of Chase Manhattan bank, speaking at the June, 1991 Bilderberger meeting in Baden Baden, Germany (emphasis mine)
"We are on the verge of a global transformation. All we need is the right major crisis and the nation will accept the New World Order." -David Rockefeller, Chairman of Chase Manhattan Bank (now J.P. Morgan Chase bank) (emphasis mine)
A Quick Picture Of How Our Monetary System Works:
What if for every $1000 you had, you could magically and in an instant turn that into $10,000 without any labor, risk or cost on your part? Now what if you could take that additional $9,000 you created ex nihilo (out of nothing) and lend it to people and earn interest on it? Basically you, the lendor, are earning a return on money that you don't have and it is backed up by the lendees (borrowers) collateral. That would be pretty good wouldn't it? Now you might be saying "there's no way anyone can do that and if they could it wouldn't be legal and it certainly wouldn't be ethical." Well that is exactly how our banking and monetary system works.
This system is controlled by the Federal Reserve. The first two things you should know about the Federal Reserve are:
- It is not Federal, meaning it is not part of the US Government, nor does the US Government have any real control over it (despite what the FED tries to tell you). For more info on the FED click [here]
- It doesn't have the Reserve to cover it deposits.
The Federal Reserves (and its member banks) main purpose is to create debt for the government and the citizens of our country. By creating debt (out of money they don't have) they encumber the Christian community and the citizens of this country with unnecessary and unending debt. All for their profit and control over our finances and property.
What do most people do when they buy a home and take on a mortgage?
- After 3-5 years they refinance their 30 year mortgage (maybe at a lower rate) and get a new loan at a higher balance and start back over for another 30 years.
- After about 7 years the average person moves and acquires a new loan at a higher balance and starts back over for another 30 years.
- They repeat this buy-refi-buy-refi cycle for the next 30-40 years and never get ahead.
| Transaction | Year | Balance | Cost of Financing | Value |
|---|---|---|---|---|
| Buy | 1 | $300,000.00 | $300,000.00 | |
| Refi | 4 | $340,869.00 | $86,335.00 | $378,743.00 |
| Buy | 7 | $405,980.00 | $71,244.00 | $451,089.00 |
| Refi | 11 | $461,286.00 | $116,835.00 | $512,540.00 |
| Buy | 14 | $549,400.00 | $99,563.00 | $610,444.00 |
| Refi | 18 | $624,245.00 | $158,109.00 | $693,605.00 |
| Buy | 21 | $743,485.00 | $134,736.00 | $826,094.00 |
| Refi | 25 | $844,770.00 | $213,963.00 | $938,633.00 |
| Buy | 28 | $1,006,134.00 | $182,334.00 | $1,117,927.00 |
| Refi | 31 | $1,143,199.00 | $289,550.00 | $1,270,221.00 |
| Total | $1,352,669.00 | |||
| Net = Value-Cost | -$82,448.00 |
So after 31 years of owning homes/property you lost $82,448.
There are two ways to beat the system: