The Great Debt Deception: How You've Been Swindled By the Banks and Credit Card





Watch the Debt Relief Process in Action


If the material in this report interests you, I’ve prepared a special video series where I show you the steps involved. The videos include my explanation as I show you the paperwork I use to follow the accounting rules I’ve learned. Just visit the page below and I’ll send you the videos, no charge, no fine print.






Introduction: Please Don’t Believe a Word I Say


My name is Jack McCaig. I’m the founder of LibertyAid.org and Christian Ministries Trust.


In the following minutes, I’m going to tell you a story that you might not believe. I’m not actually expecting you to believe it. I’ve learned that if I want to help people, the best thing to show them is proof.


There’s a lot of talk in this world about things you should do or could do. There’s not a lot of proof, however. So my goal is to be someone who does things a little differently. I’m looking forward to showing you the proof I have that what you’re about to discover is actually real.


That’s a good lesson, really. If you ever wonder whether or not someone is telling you the truth, just ask them for proof. If that have proof, that’s a good sign. If they don’t proceed at your own risk!


So here we go. First, I’ll tell you my story. But then I’ll show you my story as well, provided you request the free video series I’ve prepared. It’s a collection of videos I recorded documenting the Liberty Aid Debt Relief process. The videos show me doing the process I talk about in this report.


How I Got Wiped Out By the Debt Deception


For many years, I built alternative housing, traditional housing and commercial housing.


I was a licensed general contractor for over 20 years and real estate developer. I employed a bunch of people and did a lot of projects and in 2007 and 2008. During that time, the money was flowing freely.


I had a project I was doing, and a bunch of people were working on it, and one day my lender said, “You know it’s all going to shut down. You got to finish this project by such and such a date or you’re not going to get your loan…”


I wasn’t able to finish it in time and things blew up. I didn’t get my appraisal and didn’t get my loan. I got foreclosed on. And everything I had riding on it… everything, my business and for a long time, my reputation…it all fell apart at one time.


But darkness creates light, you know? And my difficulties really led to my need to understand why this happened.


I was following all the rules, helping a lot of people doing good work, doing my best. I knew what I was doing. But something was off on the money, you know, and I know money.


I’ve got an MBA and also separately a masters in accounting and I was really trying to follow the money rules right, as I was taught. I knew something was awry here. Something was going on behind this veil.


The information I knew that obviously I was clued in to. I felt like I had to figure that out. That was the impetus for why I started digging. I lost everything and became determined to REALLY figure out why.


The Beginning of My Detective Work To Unravel the Debt Deception


I had a background in money. I had spent a lot of time studying it. But at that point, I was just angry.


I was really pissed. I was like:


“Well I don’t have anything now, so you can’t take anything from me now, so I’m going to come up against you. I don’t know how yet, but I’m pissed and I’m coming at you. Like I’m coming for you. You wrecked my life, now I’m coming for you, whoever you are. I’m going to figure it out.”


So that was my mindset. The mindset of a hunter.


“I’m hunting you now and I am not going to stop until I basically win the hunt…”


Now I like to go out and big surf. And I do what I set out to do. We all have fear, whatever, but you know like that just wasn’t going to stop me from what I was doing. For years I tried, I did some things and tried to figure out some things like the sovereign movement that I know a lot of people are into. I’ve done almost every process that I’ve ever read about. Some successfully, some not successfully and learned a lot through a few years of doing that.


Then I kind of got to the spot where I went through the anger phase and I got to this spot like, hey, I’m kind of got through that darkness and got to a spot where I was kind of like feeling – I’ve always been very spiritual and I could go into a long talk about that but I was like, my power is unlimited and so is anyone else’s.


Because we are one. We are the one. I decided to sort of come off my anger and go with love as my energy, to get me through this.


I didn’t want confrontation anymore. I wanted to do this in a way where I didn’t have to feel any negativity at any point for anyone in this process and I don’t want anyone to have to feel that either. So I wanted to, you know, go do and then formulate that into a process that anyone can follow that didn’t call for confrontation and difficulty and stress.


Because if you want to do something like this, you’ve already had enough stress through something that you went through. I’m trying to reduce stress for people, not add to it. How can you do this in the least stressful way, following the rules, doing nothing outside the box or anything like that.


That’s kind of an overview of my thinking as I was getting started.


How to Beat the Banks (The System)


I came to the point where I decided to beat the banks. I’m decided to switch my focus to me and this and being able to do this. And then I’m going down to Florida. I had a couple invites from friends to come visit and they have a good system down there. So I decided to do my work in Florida. I was going to go down there and beat them.


This is basically the system and it’s really pretty easy to be honest with you:


You get some bill in the mail, or there is something on your credit report. That’s kind of like a bill because it’s saying on your credit report there’s this derogatory account. In other words, a derogatory account is that someone’s saying you owe this bill and you haven’t paid us yet. So whether it’s a bill that comes in the mail or something on your credit report that’s negative, that’s another kind of a bill, all you do in the beginning is say basically this, “I got this bill and I just want to verify, validate that this bill is something that I owe.”


You know in these times of all this identity theft and so on, this is just reasonable, good book keeping, okay?


You sent me this? That doesn’t mean I owe it. I just want you to prove that I owe this bill. That’s all I’m doing. I’m not being confrontational. I just want you to prove it the way the law says you have to prove it.


There are a couple different laws, international, federal, and state, but the main one is just about validation. I mean U22 talks about this and so does the FDCPA fair debt election practices act. Anyone servicing a debt is a debt collector if they’re asking you for the money.


Anyone can give you money right, and that’s fine. You then owe them. Well, that’s a different matter.

You have to prove that I owe it. Here’s how you make that request:


You send them a letter asking them to send you the correct documentation within 30 days that validates the debt. That’s the rule, that you owe this bill.


Here’s the issue. For any debt by a lending institution, they cannot send you the information that you do in fact owe them. They can’t send it to you because they don’t have it, okay? Read that last sentence again and let it sink in.


It must be a wet ink signed contract within 30 days. An agreement is when you sign. A contract is when they and you sign, okay? Important difference. An agreement is like your neighbors lawn is high and you know they’re not feeling well, so you just go over there and cut their grass.


They don’t owe you any money right? And you know you just did it out of the goodness of your heart. You went and cut their grass. So does that mean you have to cut the grass next week? No, no. You can just decide, I don’t want to cut your grass.


An agreement is when I signed and I’m going to do this for you. But an agreement is just like cutting the grass. Maybe I don’t want to cut your grass next week.


A contract, quid pro quo, where you’re both giving something and you both signed for it, well then there’s obligations on both sides.


You don’t really have that in a lending agreement. That’s just me signing one side. And you can stop at any time you want. That’s one major issue.


Why Banks Don’t Lend Money


Another major issue is most lending institutions, really all of them, do not have the money that they lend. You give them a promissory note, your signature, okay?


Then they trade that promissory note with the Federal Reserve private bank.


They trade it. They work through this transaction. They’re the middle man. They trade promissory notes.


You give them one promissory note that has a value on it and they send it to the Federal Reserve. In return, they give you Federal Reserve notes, which are promissory notes too. So, there was a trade.


When you send this first letter, you also ask them for the accounting records of this trade.


The accounting records will show, legally, you gave them a promissory note and they gave you Federal Reserve notes. There was a debit entry into the accounting. There was a credit entry into the accounting. They cancelled each other out, debit for credit, credit for debit.


The transaction was complete when the notes were traded. You do not owe them a penny. They’re accounting records prove it.


All I’m asking for is that proof:


“Could you show me your accounting records and that contract, the wet ink signature contract, or a copy of the contract that is affidavited?”


What does that mean, affidavited? In other words, somebody has to make a copy, then sign at the bottom, I made this copy and their signature is notarized.


So they as an individual must come out behind the corporate shield to say, oh this copy’s good. Which they won’t do. No one in the institution is going to come out from behind the corporate shield.


How You Prove They Are In Fraud


You’ve got them on the first letter. If they don’t send you proof, all of a sudden they are in fraud collecting this bill. They actually owe you money for being fraudulent.


The law says, between 100 and 1,000 dollars for breaking that DCPA Fair Debt Collection Practices Act.


Plus if you want to ask for them, punitive damages and compensatory damages, if you can prove, they harmed you because you weren’t able to do this and that and the other thing and punitive damages.


Both can be asked for. Now I don’t ask for them and I don’t ask other people to ask for them, but it happens. Like the credit reporting agency just had a case go to appeals where they messed up somebody’s credit and it’s stuck in appeals for 18.6 million dollars. That’s for the kind of thing I’m talking about.


Finally, you take them to small claims court to enforce getting these fines from the creditor who didn’t give you the right paperwork. I’ve done this in small claims court.


So basically a couple of certified mail letters, that’s what you need. You give them a second opportunity with a second letter. You give them 30 days for the first one. Five days for the next one and then you take them to small claims court. Usually they want to settle.


I give them two options, because you’ve got them, you’re going to win.


Unless they really want to fight then you know they just try and swamp you with paperwork and legal jargon. Basically they know you’re going to win so they usually want to settle.


How You Get Them To Pay You


I say here’s the two things, give me 500 dollars and a letter to the credit reporting agencies to ask them for a hard removal, they call it. In other words, instantly remove this from all three credit reports.


Usually they’ll give you the letter. Sometimes they give you the money and the letter. Sometimes they’re just like, we’re not going to do that, you already got money from us.


But even if they want to come back to you and not give you anything, you’d still go to court.


Then what I usually do is just dismiss the case when I get there to make them show up. Maybe they spend five or ten thousand dollars to have their lawyers show up and just let their lawyer know, “Hey I’m going to refile on you today, because I’m in the courthouse and here you go.”


So you keep doing small claims on them. Keep having the opposition. The lender will spend a lot of money to have this lawyer show up and then you just say, “I’m going to keep filing on you until you say uncle and remove this from my credit report, period.”


SO then what?


Even if it gets removed from your credit report, don’t you still owe it? No, you don’t.


The only way other lenders can look and see if you’re credit worthy is to look at your credit report. If it’s not on there, your credit’s golden, you can go get more money.


What they want to do is not have a judgement on them. That’s why they usually don’t go to trial. They don’t want to set a precedent. So what I’m saying, works so easy, you know?


They don’t do a judgement, they do a settlement. And in the settlement agreement you know they say hey, you can’t tell anybody about the terms. But I’ve done this. With credit cards, with $65K second mortgages.


Is This Ethical?


So let’s talk about ethics. I get that question a lot. Here’s the thing: If I explain my signature on the promissory note is what made that money be created, we are the ones with the power to back every financial instrument on Earth.


That’s where the sovereign movement is correct, actually. Without our signature, money can never be created. They have to create it in our name. We don’t need to pay back what’s in our name. They made it up. They didn’t like generate it. Our signature did and so it’s us that gave us power.


How do we pay back ourselves? It makes no sense. And I’m certainly not paying you money and interest on something I created. Get it?


You just have to understand what’s happening. We don’t owe them anything. This is our signature, so that’s the truth of the financial system right there.


You don’t owe them anything, and you can prove it. The court’s not going to give me money if I’m up with these 500 dollar an hour lawyers, if what I’m doing isn’t 100 percent accurate.


There’s a judge there. There’s lawyers trying to screw you, but they can’t because it’s true. We are the power. I’m just trying to be accurate. That’s the way it is.


What you understand or you think you understand about banking is really a lie. You were lied to. The truth is what I’m saying. Or else I wouldn’t win at court. You will too.


I recommend you do this yourself because it’s self-empowering. You can do this any time you want. You don’t owe this money. This is all a giant lie. You can get out of it. I’m here to tell you and show you every piece paper that makes it possible.


I’m just following the rules. In other words, here’s the thing.


They can give you the money. It’s okay. You go into bank you claim something, they give you the money, that’s fine. If you look at the rules though, they can’t collect on that. So trying to collect is their illegal activity and you just call them on it.


So it’s just, you know, it’s identity fraud, identity theft, okay? It’s just being a good bookkeeper; you might want to make sure you owe your bills to everyone. I speak to so many people and they’re like I could never do that. What do you mean?


Surely you have no issue with making sure you actually OWE the money others say you do, right? Come on now. That’s all I’m doing. I’m an accountant, I’m not a lawyer.


All I’m asking is, “Please how me I owe this. I don’t owe this? Well then you’re a fraud. You owe me money. It’s really simple.”


Finally, I’ve made a series of videos available to you upon request that shows you more about this process.


Do not fear. It’s time to take back the power you’ve always had. You’ve been tricked into believing a lie and it’s time for the truth to be known.


Blessings to you on your journey!



Watch the Debt Relief Process in Action


If the material in this report interests you, I’ve prepared a special video series where I show you the steps involved. The videos include my explanation as I show you the paperwork I use to follow the accounting rules I’ve learned. Just visit the page below and I’ll send you the videos, no charge, no fine print.





The Great Debt Deception: How You've Been Swindled By the Banks and Credit Card

What If Everything You Were Taught To Believe About the Money System and Debt Turned Out To Be a Lie? The reality of the banking system is that everything you were taught about debt is not true. The simple fact is that you do not owe any money. The actual transaction of a “loan” that you gave them a promise to pay and the “lender” gave you the same amount of promises to pay (Federal Reserve Notes). Therefore, the transaction was complete according to the “lender’s” accounting records. Hear Jack McCaig tell his story of how he unraveled the great debt deception and created a process to get free of debt. It is time to take back your power and this information can help you start that journey.

  • ISBN: 9781370029402
  • Author: Jack McCaig
  • Published: 2016-10-23 17:35:07
  • Words: 3115
The Great Debt Deception: How You've Been Swindled By the Banks and Credit Card The Great Debt Deception: How You've Been Swindled By the Banks and Credit Card