How to Be Your Own Banker – Part 1

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By Karma Singh | Harmony Energy Consultants

banker laughing about inequality

What is a contract?

Now, I only know this because I had to take law as part of my professional qualifications in international trade and shipping. Our lecturer (back in 1976) was a slightly mad Welshman with a sense of humour similar to my own so I remember a lot of what he taught us.

A contract is NOT a piece of paper; it is an agreement to exchange goods or services.

Most commonly, one of the parties agrees to give the other a sum of money upon delivery of whatever it is that the other is offering (i.e. selling, usually). Most contracts are, in fact, never written down.

When you go into a baker’s and ask for a piece of cake, the baker asks for a sum of money in exchange and you get your wallet out. That is a contract enforceable at law.

Sometimes, when the parties wish to be very clear about exactly what is being “sold” and how much and when is to be paid then they may well put this in writing which they both sign. The document, however, is not the contract but evidence of an intent to contract. Note this well, both parties put their name to the contract, i.e. sign it – this is very important.

Now, when you go to a bank with the intent to borrow money, the contract bears only one name, i.e. only you sign the “loan agreement”. If you read it very, very carefully, you should perceive that the reason that the banker doesn’t sign it is because he/she is not a party to the contract – only you are. In the loan agreement, you promise to pay the banker a very large commission for arranging a loan. (When purchasing a house, for example, this can easily be twice the price of the house itself.) So who, then, is the other party to the contract? Who is “lending” you the money?

Well, you are!

The other party to the contract is your future self. This is why only you are empowered to sign the loan agreement.


Well, if this is so, how come the seller gets $60,000.00 you may well ask? The truth is that he doesn’t! What he gets is a promise from your banker to his banker to try to get the $60,000.00 for him. His banker uses this promise as though it were money and adds it to his own net assets. He, then, “creates” $60,000.00 out of thin air – the notorious “phantom money” – and gives the seller a credit line of $60,000.00.

So, a quick recap:
You “buy” a house for $60,000.00
You “borrow” this money from your future income.
You pay the banker $180,000.00 for arranging this loan.
The seller’s banker receives a promise from your banker to maybe, someday give him $60,000.00 from YOUR future income.
The seller’s banker uses this promise to create $60,000.00 of phantom money.
The seller gets a promise to make $60,000.00 credit available to him.
The seller can then give parts or all of this phantom money credit to other people from whom he is buying goods or services.

At no point in this process does any bank enter into any liability nor does any cash change hands!

It is only if the seller demands payment in cash that the banker has any liability to him.

At law, money on your bank “account” belongs not to you but to the banker! This follows a decision in the House of Lords in London in 1838 (I think) which was quickly followed by all other governments around the planet. It is only when you demand payment in cash that your banker has any liability to you. Until then you are, at best, an unsecured creditor, i.e. someone gambling at his/her own risk upon the integrity of a banker. Recent experience has shown very clearly that this is a very risky bet indeed but a gambler you are. That is your true status at law!

In order to eliminate all possible liability, bankers world-wide are presently trying to restrict you from demanding more than $5000.00 in cash. By 2018 they intend to eliminate all cash transactions thus turning their “business” from about 97% to 100% profit.

This is your present state of affairs.

[Read more here]

Originally entitled: “Being Your Own Banker – A Merlin's Solution”

Robert O'Leary 150x150Robert O’Leary, JD BARA, has had an abiding interest in alternative health products & modalities since the early 1970’s & he has seen how they have made people go from lacking health to vibrant health. He became an attorney, singer-songwriter, martial artist & father along the way and brings that experience to his practice as a BioAcoustic Soundhealth Practitioner, under the tutelage of the award-winning founder of BioAcoustic Biology, Sharry Edwards, whose Institute of BioAcoustic Biology has now been serving clients for 30 years with a non-invasive & safe integrative modality that supports the body’s ability to self-heal using the power of the human voice. Robert brings this modality to serve clients in Greater Springfield (MA), New England & “virtually” the world, with his website. He can also be reached at romayasoundhealthandbeauty@gmail.

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6 Reader Comments

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  1. 10207962321991890@facebook.com' Martha Kakonikos says:

    Kenny James

  2. 10207903501532975@facebook.com' Mar Saday says:

    You don’t actually lend anything you create the money at the point of the signed document. The Bank then breaks the Law by securitising it on the Stock market. . . In other words selling your debt without your signature or consent, but by selling the debt the party buying this actually pays your debt off. . . Thank You my debts now paid Mr Banker so fuck off . . . Its ALL a con by the elite

  3. 10208599306604502@facebook.com' Patricia J. Paronett says:

    2nd part please.

  4. 1519605248356884@facebook.com' Elken Alei says:

    Slaves for 2generation !by debt y will be work harder less spending more thinking to settle the load .banker enjoying your contribution but no guilty feeling on sky high housing price. Where foundation and structure only costed 1/5 of the selling price. Many graduated without suitable job of …..think …..reality !why what we had learn not being required by society …in sustainable food chains ?r we productive and qualified ?who and what make the society to choose?why gov created more paper work than more creative products in the market? People sitting on desk whole day long counting paper more important than those growing crops all day long to hope for better harvest ?

  5. 10205333311989033@facebook.com' David Thrasher says:

    another nut shell game…

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