Ed Rob Menard's FOTL Claims

[psionl0]

Yup. It is not relevant. We agree.

My point is that it is also not true, the lender has to comply with the FDIC regulation mentioned and make the borrower aware they can sell the loan.

Yes, I understand.

Mind you, even in the absence of reg Z, the banks wouldn't be stupid enough to leave that question up in the air. Have you ever seen the 5 "magic" letters? (They are moot since the borrower has already agreed in the contract that the bank can sell the loan).

 

[Mojo]

I *do* have a question, tho -- does anyone know if that username / pw combo actually worked or if anyone used it? If the answers to each aren't "yes", then technically bobbyboy didn't violate the MA.

According to one of the mods:

...it appears at least one person did take him up on the offer.

 

[jargon buster]

..it appears at least one person did take him up on the offer.

That would be me, I logged in to see if it was true before I passed on the message I received.

 

[Horatius]

I *do* have a question, tho -- does anyone know if that username / pw combo actually worked or if anyone used it? If the answers to each aren't "yes", then technically bobbyboy didn't violate the MA.

That would be me, I logged in to see if it was true before I passed on the message I received.

Yeah, you see, technically that's against the rules too, which is why I didn't try that. I figured the mods could play around like that to confirm it.

 

[Stacey Grove]

FOTL theory has it that if a bank sells a borrower's promissory note without "disclosing" that intention to the borrower at the time of the loan then the borrower doesn't have to pay back the loan.

I believe it goes further than that. Because (according to FOTL) it is the borrower's signature that creates the money out of thin air, the FOTL claim it is their own money and not the bank's. The bank has not actually lent anything at all. All the bank has done is give the borrower money which was already his. The bank has failed to disclose that it is lending nothing but is in fact giving the borrower something which already belongs to him.

It is pure nonsense of course.

Pure nonsense indeed.

 

[jargon buster]

Yeah, you see, technically that's against the rules too, which is why I didn't try that. I figured the mods could play around like that to confirm it.

I thought I would take the chance rather than it not being true.
It was tempting to write a full confession on behalf of Robert but I resisted.

 

[psionl0]

I believe it goes further than that. Because (according to FOTL) it is the borrower's signature that creates the money out of thin air, the FOTL claim it is their own money and not the bank's. The bank has not actually lent anything at all. All the bank has done is give the borrower money which was already his. The bank has failed to disclose that it is lending nothing but is in fact giving the borrower something which already belongs to him.


Pure nonsense indeed.

Actually, I addressed this issue a few posts earlier than the one you posted.

 

[tsig]

DebbieGate : The fall of Menard.

The stumble of Menard, fall is too grandiose.

 

[tsig]

Yeah, you see, technically that's against the rules too, which is why I didn't try that. I figured the mods could play around like that to confirm it.

I don't know, as long as he didn't post I'd think he's in the clear but we should take this to FM.

 

[ComfySlippers]

As Menard has stated that this thread only serves to further his cause, (30,000 FOTL-Wafflers don't you know), I thought I'd give it a gentle bump to help his cause.

Plus, as he is no longer a member of this forum, I think I'm safe now to say that Robert Menard is a conman, a clown and an absolute moron.

 

[Carll68]

This thread should always be on the first page.

 

[arayder]

It seems to me that Menard’s disrespect for the rules of this forum, which he disregarded when he gave out his password, exactly mirror his dismissal of the rule of law.

This forum’s former denizen has been and remains blissfully unaware of the simple reality that one will be known by one's deeds.

 

[ComfySlippers]

I think I'm a Legal Fiction and must, therefore, ban myslelf.

btw: Did you hear the tale about how banks can create money out of thin air?

 

[psionl0]

It seems to me that Menard’s disrespect for the rules of this forum, which he disregarded when he gave out his password, exactly mirror his dismissal of the rule of law.

Sovereignty is something that people like Menard can only talk about. He will never come close to that status while his word is worthless.

 

[arayder]

Sovereignty is something that people like Menard can only talk about. He will never come close to that status while his word is worthless.

Menard never seemed to realize that folks rightly sensed he had something to hide when he used a fez to hide his bald head, over sized clothes to hide his gut and never gave a straight answer to a question.

 

[BaaBaa]

This crap is showing up in my province now....

"Man jailed for carrying loaded handgun

A gunslingin’ Cumberland County libertarian and hemp oil producer has been sentenced to three years in prison for carrying a concealed, loaded handgun.

Although seemingly good*humoured and gentlemanly, Daren Wayne McCormick, a member of the international “Freeman on the Land" move*ment, is more of a menace to the public peace than an armed drug dealer is, Justice Gerald Moir of Nova Scotia Supreme Court wrote in a decision released Friday.

“Mr. McCormick is a greater threat to our assurance of peace*fulness precisely because he is an ordinary man on the street, or an ordinary customer at the grocery store," Moir wrote.

McCormick was sentenced earlier this month for threatening to kill police officers on March 31, 2011, and for four weapons offences committed the next day, which included carrying a loaded, restricted handgun.

He also has a number of previ*ous convictions under the In*come Tax Act and for weapons offences, as well as two marijuana offences that relate to his production of hemp oil rather than drug dealing, Moir said.

As a member of Freeman on the Land, McCormick believes he has the right to carry a loaded handgun, and during the trial he boasted of his speed on the draw. “By carrying a loaded revolver in a holster on his hip, and by asserting over and over again that he can get away with doing that, Mr. McCormick damages everyone," Moir wrote. “He at*tacks the assurances that the gun laws offer each of us in Canada."

In total, McCormick was handed a sentence of three years and a month. He has also been banned from possessing firearms for the rest of his life."

http://thechronicleherald.ca/novascotia/89121-across-nova-scotia

 

[Horatius]

Nice fellow, really. Googling his name gets you a pdf of the sentencing documents from the court.

In evidence is a lengthy, notarized statement sworn by Mr. McCormick.
According to the doctrines of freeman-on-the-land, publication of such a
document magically frees one from the Criminal Code, including the gun laws. In
this document, Mr. McCormick asserts his right to bear arms. On the day before
the seizure, when he made the threat to shoot police officers who might come into
his driveway, Mr. McCormick described at length his beliefs in his right to carry a
loaded handgun.

At trial Mr. McCormick asserted not only his right to bear arms, contrary to
the Criminal Code, but also his self serving misinterpretation of various
provisions in the Code to the effect that his particular handgun in his particular
circumstances does not violate the gun laws.

 

[JLord]

Here is the decision:

http://www.canlii.org/en/ns/nssc/doc/2012/2012nssc150/2012nssc150.html

I had to look to see if any new freeman arguments were on display. Not much to see however. A pretty hefty punishment though.

 

[Horatius]

Here is the decision:

http://www.canlii.org/en/ns/nssc/doc/2012/2012nssc150/2012nssc150.html

I had to look to see if any new freeman arguments were on display. Not much to see however. A pretty hefty punishment though.

Oh. Your. God.

Counsel: Mr. ****, for the Crown

Mr. Daren McCormick, on his own

He represented himself?

Brilliant!

 

[CORed]

I believe it goes further than that. Because (according to FOTL) it is the borrower's signature that creates the money out of thin air, the FOTL claim it is their own money and not the bank's. The bank has not actually lent anything at all. All the bank has done is give the borrower money which was already his. The bank has failed to disclose that it is lending nothing but is in fact giving the borrower something which already belongs to him.


Pure nonsense indeed.

As is typical with FOTL nonsense, I don't quite see how FOTL's think they would be able to buy a house or a new car if lenders couldn't count on being repaid with interest. Do they think the banks would continue "creating money out of thin air" if there was no profit in it for them? They seem to have an 6-year-old's vision of how the world should work. "I should be able to do whatever I want, whenever I want, and somebody should make sure I have three meals a day, a roof over my head, and a nice warm bed."