| The lender, Bank or credit card Company offers you | | | | record of £10. The bank MUST pay this deposit |
| money by way of a loan or credit card account. You | | | | of £10 back to the customer if requested by the |
| are invited to sign into their system and thereafter are | | | | customer to do so. The depositor's asset. The bank is |
| known as your name in capital letters on a loan | | | | legally required to return this deposit. |
| agreement or credit card, which is signed by you in | | | | The signed application is converted into a CASH |
| order to validate it. IE signed by an individual. The lender | | | | ASSET by the bank a promissory note. The bank |
| is a fiction whereas you are a person. Once you sign | | | | stamps the back of the application as it would any |
| your name on the card you also become a fiction, | | | | other deposit and deposits it into a transaction account |
| which cannot be. A person cannot sign as a fiction. | | | | in the applicants name without their knowledge or |
| Money as far as the lenders are concerned, can be | | | | consent. The bank converts the asset into money and |
| anything, which can be sold for cash or accepted as | | | | wants you to pay interest on your own money, as if |
| money. The lenders accept your credit card application | | | | the bank had loaned you their own money. Thus |
| loan application and establish a 'limit' and use your | | | | nullifying the original contract as the bank fails to fulfil |
| signature on the application form as 'money' or | | | | their own obligations. |
| promissory note. This is treated as your asset based | | | | The bank hopes you do not ask for the return of the |
| on your future labour. | | | | original deposit, i.e. the signed promise to pay/application |
| This application/promissory note/your asset is used to | | | | your asset, their liability. Therefore modern lenders |
| fund your new account. Therefore it is in essence; it is | | | | accept your signed promise to pay (the application |
| your money that has been created by your signature | | | | form) as CASH and deposit your signed application / |
| and future labour that is used to fund the account, not | | | | promise to pay in an account in your name without |
| the banks money or the existing savings of others. | | | | your knowledge, and use your deposit as the source |
| The banks lend you your own money and charge you | | | | of all the money you receive as the so called loan. |
| interest on your own money. How can I be charged | | | | They never tell you about it and never return your |
| interest on my own asset, my own money? The key | | | | original deposit. Therefore, there is no validation of the |
| question is, whose asset was used to fund the loan or | | | | debt because they never sustained any loss. |
| line of credit in the first place? The lender fails to loan | | | | There is no verification of their claim against you |
| any of their own money. | | | | because you are an individual not a name on a card. |
| If a customer makes a deposit of say £10 in to | | | | No legally binding contract binding both parties because: |
| an account in their name, this becomes the customer's | | | | No full disclosure - i.e. you were not told that your |
| asset and the banks liability. The Bank accepts the | | | | application was to be converted in to your own asset |
| £10 deposit and creates an account with a | | | | and deposited in to a transaction account in your name |
| credit balance of £10 for the benefit of the | | | | without your knowledge or consent. |
| customer and shows a liability on the banks accounting | | | | |