How Loans And Credit Cards Really Work

I have to admit upfront that I borrowed the title of this post from the video I am posting below.  I decided to post this video because I have so many friends and clients that always say that they really feel they should pay these old alleged debts because they did sign a contract with the creditor and they did use the card or account, so they really think they owe it.  I sure hope everyone who reads my posts gets it that you DON'T OWE Any 3rd party collector.  You have NEVER signed a contract with them and they were Never on the original contract.  The law and AmJur are very clear about this.  They do NOT have the right to substitute themselves into or onto a contract that they originally were not on. They are a VOLUNTARY PAYEE - a "stranger to the transaction" and the alleged debt was wiped out a number of times, including when they purchased the alleged debt.  That is the absolute truth!

But, original creditors, well, people have a very hard time wrapping their minds around the truth about not owing them.  We have been programmed, manipulated, and brainwashed by just about every institution, media outlet, and legal entity, to believe that we owe these alleged debts.  They don't want you to know the truth. Why? Follow the money, first of all, and secondly, the media pundits and many of the different sources that regurgitate this nonsense haven't bothered to do their homework so they are ignorant of the truth.

Hopefully, this video, which I absolutely love, and it makes it so clear, will help you understand why I continue to fight the system and scream the truth about credit and money.  Heck, even the mainstream news media "reported" during the "debt ceiling" debates that the FED (Federal Reserve) was going to "print more money..., create more money out of thin air."  I doubt that these blabberheads actually knew what they were reading, though.  Well, in this video, you are going to learn what the truth is and what the majority of people world wide are ignorant to.  This gentleman is not from here in the states, but that's okay.  The fraud is universal and is just as applicable here as there, and everywhere.  Its about an hour long, but one of the best hours spent.

Please watch, learn, and enjoy!