Supporting, Informing & Connecting People in Foreclosure
[comment] The following cogent statement by Edward Mandel House, is a summation of why the Banks use “chattel law’ , the forerunner of the UCC, (secured transactions, the law of pledges) , to foreclose on residential real property.
Colonel [sic] Edward Mandell House Describes To
How The Federal Reserve Act Will Be Used To Enslave The American People:
Edward Mandell House On The Federal Reserve System
“Passage of the Federal Reserve Act was a major milestone on the “road to serfdom” that this entire progression outlines. The conspiratorial nature of matters is exemplified in comments by one of the major actors in the triumph of the Federal Reserve, Edward Mandell House, who had this to say in a private meeting with President Woodrow Wilson:
‘[Very] soon, every American will be required to register their biological property in a national system designed to keep track of the people and that will operate under the ancient system of pledging.
By such methodology, we can compel people to submit to our agenda, which will affect our security as a chargeback for our fiat paper currency.
Every American will be forced to register or suffer being unable to work and earn a living. They will be our *chattel, and we will hold the security interest over them forever, by operation of the law merchant under the scheme of *secured transactions.
Americans, by unknowingly or unwittingly delivering the bills of lading to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their *pledges.
They will be stripped of their rights and given a commercial value designed to make us a profit and they will be none the wiser, for not one man in a million could ever figure our plans and, if by accident one or two should figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges.
This will inevitably reap to us huge profits beyond our wildest expectations and leave every American a contributor to this fraud which we will call ‘Social Insurance.’
‘Without realizing it, every American will insure us for any loss we may incur and in this manner; every American will unknowingly be our servant, however begrudgingly.
The people will become helpless and without any hope for their redemption and, we will employ the high office of the *President of our dummy corporation to foment this plot against America.’”