A fascinating -- and frightening -- expose' on the multi-decade actions TPTB have undertaken to strip EVERYTHING from you and me, under the guise of a "Security Interest" in OUR private property! And all of this information is kept at the Depository Trust & Clearing Corporation in Jersey City, NJ.
When I got out of federal prison in 2012, and had to undergo three years of Supervised Release, I was flat broke. I was in Bankruptcy. My life was totally shattered, and I had to rebuild it. A hell of a thing to have to do at the ripe old age of 50.
To re-establish credit, I applied for an account with Fingerhut - the bad credit, Fresh-Start people. Bought a few items on what little credit they gave me, and paid it on-time, RELIGIOUSLY. I was obsessed with being absolutely on-time.
Then some offers came by mail for secured credit cards. I took one or two because I didn't have a ton of money to "secure" the cards. Paid them absolutely on-time.
My credit score began to rise.
Over the next few years, I got offers for REAL credit cards. Took one or two and, like before, PAID THEM RELIGIOUSLY.
Around 2017, my wife smashed-up her Chevy Mailbu and we needed a new car. Called ENTERPRISE (the car rental people) because they sell their rental fleet at very reasonable prices. And while I knew the car COULD have been beaten up by Renters, they maintain their fleet pretty well, and I NEEDED a car.
I browsed their available vehicles, found one in the Wayne, NJ office and called about it. A 2015 KIA Optima EX. The sales guy asked for my financial info on the phone and I gave it to him to process a loan application. I told him I would be up to test drive the car in a few days.
FIFTEEN MINUTES LATER, he called back. He asked me, "When do you want to take possession of your car?" I was confused. I hadn't bought anything yet and as far as I knew, I hadn't gotten credit approval. That turned out to be wrong. Within that 15 minutes, ENTERPRISE sought -- and got -- a credit approval from JP MORGAN / CHASE. For the whole price! I could come up, sign the papers, and drive the car away!
WOW! Our financial system has become so thorough, so advanced, I was able to get a car loan in 15 minutes, sight unseen! The efficiency of it staggered me.
I went up the next day, drove the car, loved it, and agreed to buy it. I signed the papers, had my Insurance company issue coverage via FAX, and drove the car home.
We still have that car to this very day. Runs great.
I took out a four year loan on it, but was able to pay the car off early by about 13 months.
When I paid it off, the Bank sent the Title, marked PAID, along with Notarized letters and the original loan documents, proving it was paid off.
What I SHOULD have done, was take the Title to New Jersey Motor Vehicle to have the Title re-issued WITHOUT a LIENHOLDER. But I didn't. I let it all sit in a strongbox in a dresser drawer in my bedroom. I figured, what's the big deal? It's paid off. Who really cares about removing the LIENHOLDER.
Similarly, with my 2021 GMC Sierra 3500 HD AT-4 Pick-up truck, which I took delivery of on January 6, 2021, I had an auto loan - 6 years - which I have now paid off 30 months early. Valley Bank sent the Title showing it is paid off, with the Notarized letter and such, and that too, is sitting in the same strong box in the bedroom. Again, I thought it was no big deal because it was paid off.
After watching this video "The Great Taking" I have already booked an appointment for this coming Wednesday, at Motor Vehicle, to get the LIENHOLDER info OFF my titles.
This video really shook me up because the way they have changed the law, even if they commit FRAUD, I would be stuck! They could still take the vehicles if the BANKS go under because the Banks used my vehicles as collateral for THEIR loan from the Fed to finance it!
Put simply, my "Title" is now only a "Beneficiary" Title, not an OWNERSHIP Title. Any party the bank pledged MY car to as collateral for THEIR banking loans, has ACTUAL ownership of the vehicle and are an "Entitled" party if the bank goes under! Even if I paid the car off ! ! ! ! !
The superior LIEN held by the "Entitled" party - who lent money to the bank -- may possibly remain in the records, and if it does, they come and TAKE my stuff, even if the Bank involved, committed fraud by leaving my vehicle listed as collateral for THEIR loans.
Same thing with Home Mortgages! If the BANK that made the mortgage goes under, the "Entitled" lender (to the bank) comes to take the home!
It took them decades, but they have systematically changed the banking laws, and the Uniform Commercial Code (UCC), to allow them to literally "take" everything. And it's all "legal."
If you haven't already watched this video, take the hour to do so. Believe me, it's worth it. It's utterly terrifying! You have to protect yourself . . . .
