JM said (January 1, 2015):

Mike P., I believe your understanding is fundamentally one incomplete.

If I might be of some little help?

"Fraud is fraud ab initio." Maxim of Law (Entire original in Latin.)

In all cases where it - fraud - is to be found, whether accomplished sooner-or-later within statutory limitations, ALL that follows such an initial mal-performance is AS IF it had never occurred.

This understanding is key and fundmental.

Bank attorneys are only too aware of this reality. (In order to be good little assistants to Satan in the Deceptive Law Realm, such must know nearly every thing pertinent as-relating, and this they surely do. Their hands are "unclean" as they come to us, and are nearly-so uniformly, I suspect.)

The remedy sought to the original deception of the bank's was in-order, and was to-the-book-done, and not a thing compounding-of any wrong at all, as you allege might have been the actual case subsequently.

This vile filth - as nearly all banking habituation has now become - must be put to rest finally, and without mercy. (Note "nearly all"!)

(Yes, they now run rat-scared and rightly-so, for when The Hammer of The Just is finally swung, a rule of Merciless Process shall be applied uniformly. The reason for their freight is one quiet rational. The pliers of banking are ones great, fancy, and full of smarmy, mal-used power, stuff born of rawest vile hubris, but such is not to remain the case forever, and they know it, and thus their frisson of great disquiet.)

Indeed, to the most worthy end of Justice finally attained Denny fired a good shot, one which found it's sure-mark but, THE BEAST itself lives-still, and becomes evermore dangerous, because so evilly mad.

"A single victory does not make for a war-won."

RE said (December 31, 2014):

Comment's by Gordon W and RM (below) are right on the "money". I am glad people are waking up
to the banker's scheme.

SS said (December 31, 2014):

I appreciate Denny taking the time to demonstrate what some people could do to lessen their exposure and liability when dealing with a foreclosure situation.

Denny chose to do the right thing and see it through, fighting fire with fire. Banks like any responsible party should engage in practices that are mutually beneficial to them and their customers. This has not been the trend in recent decades. What's the point of adjusting a loan that simply won't work for the situation a customer finds themselves in? As he stated, money is created from thin air on their part.

Why would they engage in predatory practices if not to satisfy the Satanic desire to perpetuate misery. It is certainly not a Godly and merciful strategy they typically engage in. I'm glad he gave them a taste of their own medicine. Most simply roll with the punches thinking they have no choice.

Although we should not be participating in usury, it is so much a part of the American paradigm that most have simply acquiesced to the idea we will be saddled with debt till we die. This is not true, but it is the Matrix and the perceived reality of modern finance that many accept.

I opt'd out over a decade ago and saved for what I now own. My home, my land, my farm, my animals, my vehicles, my possession have no debt attached. Consequently, life is far easier now than it has ever been, at least financially. In that process, I ruined my credit, but since I don't have to borrow money, it's entirely inconsequential. I'm actually happy I can't get a loan. The irony. Sometimes, it best to let things go, learn to live within our means and trust God to make things right.

RM said (December 31, 2014):

Gordon's comments (below) are absolutely correct. Everything else is only a cartoon version of reality. There is NO MONEY there is only credit in the form of different currency. As a matter of fact people do not even realize that your labour is considered 'Property'. There was an absolute exchange of value for value when Denny was able to 'pay' his mortgage as his labour backed the currency/credit.

As the world went from Silver to worthless metal in their coinage, they also became completely enslaved. Law also rides on top of the money system. Change the 'money' system and your automatically change the Law. All currencies are owned by the IMF, their values are regulated and floated daily. There is no longer anything that grounds their value to earth (that is why their value floats). We also do not have a 'justice system', we have a legal system where it serves to protect the rich against the poor. Also things that are actually unlawful can now be called legal under this 'legal system', making it 'o.k.'.

Doug P said (December 31, 2014):

If everyone did what Denny did, the world would be a much better place.

I did what Denny did, I put over eleven thousand dollars of debt free currency back into the economy by cancelling a credit card debt.

I did it because I knew I didn't owe the bank anything, because my personal life and money was falling apart, and because I became very educated on the subject and recognized it as the right think to do - ie should become universal law.

Only God knows someones motives, Denny did what everyone should be doing. It does take courage and that's why most people don't do it. There are far too many good, honest, hardworking people that have been seeing their lives fall apart in this rotten economic system. As the capstone, the banksters will have to turn us against each other because if they do not they will lose.

Doesn't the Bible say to be careful who you judge, lest you be judged ? No one has a claim against Denny so he didn't do anything wrong.

Bill S said (December 31, 2014):

I agree with Mike P. Denny's attitude was "hey, I can't pay! so just leave me alone, you evil bank." That's not the way it works. The bank was kind enough to loan him money to pay for the house on the condition that he make monthly payments until the loan was paid off. Obviously the bank charges interest on the loan. That is their profit.

Now that we know how fractional reserve banking really works, it clouds the issue. Banks are legal counterfeiters, licensed to create money out of nothing. Interest is not usury. Excessive interest is usury. So that issue is a red herring in this context. The system we currently have forces banks to make loans to high risk renters like Denny. To me, that is just as bad as banks creating money out of nothing.

So guys like Denny - instead of conceding that he can no longer afford to live in the bank's house and finding a place to rent - look for justification to steal the house from the bank. And he found one! Two wrongs do not make a right. He has no more right to that house for free than the bank has. Mike P. nailed it.

The only thing that amazed me about this story is the result. Since the bank legally owns the house, per the Promissory Note, how was Denny able to prevail in a court of law? Oh that's right - it was a short sale - and the bank decided to waive the deficiency. In other words, he got lucky.

Normally, this does not happen. You can send your demand letters to the bank, but they are under no legal obligation to reply. However, when they send theirs, you ARE obligated. The government holds all the power - you hold none. I learned that lesson in the Navy. If they wanted to play hardball, the sheriff would have evicted Denny and his wife - and he would still have the balance to pay off unless it was legally discharged in bankruptcy.

Gordon W said (December 30, 2014):

With reference to the comment about the item atop your website today ... Mike P has missed the main point : there never was any transfer of real money, in the mortgage in question : no valuable consideration put forth by the mortgagor, ie Bank. The mortgagee educated himself so as to be able to see through the hoax then exposed it for what it was. Thus, the party which got 'something for nothing', was the Bank.

If Mike P wants to get all sanctimonious on us & cite the Bible for authority - he'd do better to look up the old English word "usury" then find out what the God of Israel has to say about it. The author of the article did participate in the usury racket, in ignorance. After having figured out how that criminal enterprise works, he won't be engaging in it again. Like Jesus said to the woman taken in adultery "Go and sin no more"

The Law which God gave to Moses pronounces the death penalty for those who participate in the Usury racket. But the sheep sitting in the pews of state-licenced Baal-barns run by the Juda-izers, won't hear that from the false teachers / race traitors who infest the pulpits of the land.

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Mike P replies

I noticed the comment by Gordon. I think he may be seeing only half of the picture. The way I see it, if Denny's plan succeeds, he gets a house for nothing. If not, the bank does. What I see is two crooks fighting over who gets to steal a house. I see no virtue to either side.