How much do you know about Credit Cards?

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Did you read all the fine print that came with the credit card application? Did it tell you where your payments were really going and where the money was coming from that would pay the companies that you used the card to purchase from? Once again we have been deceived by the banks.We were lead to believe that the bank will lend you money in exchange for repayment, plus interest. This absurd idea is completely contrary to what, in reality, transpires and what is actually intended. In actual fact, banks do not lend you any of their own, or their depositors money. If you were approved for a $10,000 credit card, the (now) promissory note is deposited at the local Federal Reserve Bank as new money. (The same bank that get the taxes you pay...)"Generally Accepted Accounting Principals" (the publication governing corporate accounting practices) states: "Anything accepted by the bank as a deposit is considered as cash." This new money is now a three to ten percent fraction of what the commercial bank may now create and do with as they please. So, $100,000.00 to $330,000.00.00, minus the original $10,000.00 is now added to the commercial bank's coffers. With this scheme they are taking your asset, depositing it, multiplying it and exchanging it for an alleged loan back to you. This may constitute deliberate theft by deception. In reality, of course, no loan exists. At this point in the process, they have now transferred and deposited your note (asset) to the Federal Reserve Bank. This note will permanently reside and be concealed there. Since they've pilfered your promissory note, they owe it back to you. It is you, therefore, who is actually the creditor. This deceptive acquisition and concealment of such a potentially valuable asset amounts to fraudulent conveyance. In legal jargon, the term "fraudulent conveyance" refers to the illegal transfer of property to another party in order to defer, hinder or defraud creditors. In order to be found guilty of fraudulent conveyance, it must be proven that the intention of transferring the property was to put it out of reach of a known creditor - in this case, you. Think before you sign for another credit card. Want to know more about Credit Cards and how to get out of credit card debt? http://www.fdrs.org/debt_termination.html