Elisabeth Nolson, Universal Community Trust, absolute madness

[John Uskglass]

I met up with a member of the trust at the weekend and she hasn't had to pay mortgage, council tax, utilities, credit cards/loans etc for 5 years!

The bank tried to repossess but was proven to be fraudulent.

If you can provide evidence of this, as opposed to assertion, then please post it here.

Did you actually have sight of the court transcript? Or correspondence from the bank saying they were dropping the matter?

Your home is at risk if you fall for the scams operated by Nolson and her ilk. Act in haste repent at leisure.

[kanenas]

well of course not. Any transcript or judgement would be the death knell for the banking and legal system wouldn't it. The legal system protects the banking system. I thought that is fairly obvious.

[Wakeman52]

. Anyway, I've joined up and will report back at sometime in the future to let you all know how I get on.

I hope you're prepared for the inevitable result; losing your property.

[Wakeman52]

well of course not. Any transcript or judgement would be the death knell for the banking and legal system wouldn't it. The legal system protects the banking system. I thought that is fairly obvious.

[longdog]

well of course not. Any transcript or judgement would be the death knell for the banking and legal system wouldn't it. The legal system protects the banking system. I thought that is fairly obvious.

That's a very convenient excuse isn't it?

You must think we came down with the last shower of rain.

[The Observer]

further to my previous comment, it appears that none of the replies come from anyone with firsthand experience, rather people making assumptions about something that they appear not to understand.

What is there to understand? As I asked you above and which you ignored, if this ULC program really works, then why isn't anyone else selling this to people to remove their debt for their home? You obviously can't answer this question. Since you can't, there is no need for us to try to understand something that makes no economic or legal sense from the outset.

Any transcript or judgement would be the death knell for the banking and legal system wouldn't it

Yes, its a vast conspiracy of judges, attorneys, bankers, lenders, and others to make sure that no one finds out about what ULC is pushing. Such a convenient, yet implausible explanation.

[mufc1959]

Many of us here have years of experience dealing with FOTL and the like in our professional lives - me included. In the last 15 years when these things first started appearing I've dealt with every possible iteration of this lunacy, including (but not limited to) Simon the Spaniard/White Rabbit, the "I don't have to abide by any law I don't consent to" brigade, commercial liens, the 'living man' Cestui Qui Vie malarkey, Birth Certificate Bonds, WeRe Bank (that was fun for a while), "money is created out of thin air with your signature", Common Law Court, and, yes, Liz Nolson's Universal Community Trust.

Believe me when I say that none of these crackpot schemes have ever resulted in someone getting their mortgage or debts written off. Ever single FOTL case I've personally dealt with has resulted in the borrower - who has often paid thousands of pounds to these so-called 'experts' - losing, either with the Financial Ombudsman or, sadly, ultimately in court where possession and bankruptcy orders are the result.

For some, they've realised at the eleventh hour that they've been conned into believing something that just isn't true, and they've been able to come to an arrangement to pay, thus avoiding financial ruin. But others go headlong down that path to bankruptcy and homelessness, and still believe they've 'won' as they're sitting on the pavement while the bailiffs arrange for the locks to be changed.

I don't intend to be cruel, but if you persist with the UCT, I can guarantee it will not end in your favour. But yes, please do come back and tell us how it all went.

[John Uskglass]

The legal system protects the banking system.

Up to a point, that's true, obviously - if you defraud or otherwise commit a crime against a bank, you can be prosecuted.

However, you might want to consider how far that protection extends when financial institutions engage in wrongdoings. At present, there's a case proceeding regarding potentially mis sold car loans which could cost lenders billions.

Britain’s car finance scandal could end up being as big as the payment protection insurance (PPI) mis-selling saga, which cost UK banks £50bn, the City regulator’s top lawyer has admitted.

Stephen Braviner Roman, the Financial Conduct Authority’s general counsel and executive director in charge of legal affairs, said October’s shock court of appeal ruling into car finance commission arrangements vastly expanded the scope of potential consumer compensation.

The landmark ruling determined that paying a “secret” commission to the car dealers who had arranged the loans without disclosing the sum and terms of that commission to borrowers was unlawful.

https://www.theguardian.com/business/20 ... t-uk-banks

See also

UK lenders face huge car loan payout bill as watchdog moves closer to compensation plan

https://www.theguardian.com/money/2025/ ... ation-plan

I suggest that if the banks really were engaged in fraudulent activity regarding mortgages, and there was case law to show this, which is what UCT are telling you, that we'd have heard about it from real lawyers.

[kanenas]

it's clear that no one on this forum comprehends that behind every creditor/debtor relationship there is a trust. Trusts are present in our everyday lives yet you don't realise it. No one borrows money from a bank and banks certainly don't lend money. So if banks don't lend who is creating the credit? If you're all under the impression they do you are living in woo woo land. There is simply a grantor, trustee and beneficiary relationship - a trust. Knowing who's who in the trust is the key. ULCT (not UCT) is not selling anything, they don't engage in commerce, so anyone saying that people are making loads of money out of this is making a false claim. You guys stick with your world of form and fiction, I'm ready to step off and embrace a world fact over fiction and substance over form. Exciting times, I'll be spreading the word.

[kindregards]

Good luck

[rosy]

Good luck. You'll need it - the whole thing is nothing more than magical thinking and will not work.

The fractional reserve banking system is not difficult to understand. Not understanding it does not mean that the increase in the money supply created by lending doesn't exist, or that loans don't have to be repaid. Amd redefining common words does not make utilities free.

Courts are open to the public; if there were judgments dismissing repossession applications because of any kind of ULC arguments they would be in the public domain.

[AnOwlCalledSage]

As I said, what ULC Trust does makes perfect sense to me.

If it does, sign everything away. No-one here will look to stop you. But I'll look forward to seeing you appear here in your own thread later!

[JohnPCapitalist]

Good luck. You'll need it - the whole thing is nothing more than magical thinking and will not work.

The fractional reserve banking system is not difficult to understand. Not understanding it does not mean that the increase in the money supply created by lending doesn't exist, or that loans don't have to be repaid. Amd redefining common words does not make utilities free.

Courts are open to the public; if there were judgments dismissing repossession applications because of any kind of ULC arguments they would be in the public domain.

I spent 15 years at the highest levels of global finance. Though I specialized in capital markets (i.e., stocks), I have more than passing familiarity with the banking system. More importantly, I know intimately the mindset of Wall Street/Bay Street/City of London people because I was one of them. Many of them are extremely smart and extremely fast-moving. Yeah, many of them are also amoral sociopaths, but that doesn't negate their brainpower. The show "Billions," while amped up for entertainment purposes, will give you some insight into those folks.

If anyone in the real world of finance thought that there was a loophole in the rules
that would allow them to skip out on repaying debts, then they would have done this not only for their own mortgages and utility bills but to borrow trillions of dollars to invest in the market.

There is zero chance that this loophole would have gone unexploited for so long. At the very least, analysts who invest in bank stocks would note an increase in loan writeoffs, decreased profit margins or other indicators that they're giving away money. And analysts who follow utility stocks will note increases in bad debt writeoffs or other indications that customers aren't paying for electricity. You can't hide flows of money moving to odd places for very long. Eventually, someone will figure out what's going on and use it to gain an advantage over other investors.

People like "kanenas" are classic Dunning-Krueger examples. They think that because they don't understand something that any university economics student can easily grasp, then that is sufficient to prove some sort of conspiracy.

Amusingly, that sort of fool thinks that a gaping hole in the system could go decades before some half-literate peasant manages to figure out what hundreds of thousands of really smart Wall Street types have not. They have no idea how smart people who are good at finance actually are (though they're equally clueless about how hard it is to be good at any other complex endeavor like medicine, science, sports, etc.). It's simply adorable.

"Kanenas" is probably going to go back to his friends on Facebook and tell them how his intellectual brilliance outshone the doubting cynics at Quatloos.

[morrand]

well of course not. Any transcript or judgement would be the death knell for the banking and legal system wouldn't it. The legal system protects the banking system. I thought that is fairly obvious.

You know, I don't have any evidence the Bank of Scotland isn't actually three kobolds in a trenchcoat. I don't plan to act like that's proof it is, and I'd respectfully suggest you don't, either.

[aesmith]

well of course not. Any transcript or judgement would be the death knell for the banking and legal system wouldn't it. The legal system protects the banking system. I thought that is fairly obvious.

There's nothing stopping you ordering a transcript from one of those cases.

It doesn't sound believable that a court would find in favour of the UCT arguments, but a conspiracy stops it recording the fact. Much simpler for the conspiracy to make the court dismiss it. Actually of course none of it sounds believable, the whole thing is littered with these contradictions.

[wserra]

just come across this forum while researching info on ULC Trust.

I just came across this forum while researching "Jump Off Cliff, Flap Your Arms, Wish Really Hard and You Will Fly Inc." I met up with a lovely lady from JOCFYAWRHYWF Inc. last week to discuss what they do and how they do it with a view to joining. To be honest it made sense to me, even though she strangely insisted that they get their entire fee up front. I mean who wouldn't want to be able to fly from place to place rather than plodding along on the ground? So anyone with some firsthand knowledge/experience of JOCFYAWRHYWF Inc., I'd love to hear your thoughts. I've asked on other boards without success, other than people who for some reason posted copies of various obituaries. thanks

none of the replies come from anyone with firsthand experience, rather people making assumptions about something that they appear not to understand

Strangely enough, I have heard nothing from posters who actually jumped off cliffs - from which I conclude that they must have been successful, while those who comment just assume that they weren't. I did actually meet up with someone who tried it, and they in fact flew successfully coast to coast, their iron will plus the original arm flaps even sufficing to keep them aloft after being placed in a straightjacket. The straightjacket did prevent them from making a video, but the guy seemed completely credible to me.

So do I have any proof? well of course not. Any proof would be the death knell for the aviation system wouldn't it. The video system protects the aviation system. I thought that is fairly obvious.

Anyway, I've joined up and will report back at sometime in the future to let you all know how I get on.

Splat.

[longdog]

No one borrows money from a bank and banks certainly don't lend money. So if banks don't lend who is creating the credit? If you're all under the impression they do you are living in woo woo land.

Your inability to understand how fractional reserve banking works, and has worked for hundreds of years, does not make it unlawful.

[AnOwlCalledSage]

Your inability to understand how fractional reserve banking works, and has worked for hundreds of years, does not make it unlawful.

When I found out about the overnight money market when I was younger, my mind was truly blown!

[Pottapaug1938]

well of course not. Any transcript or judgement would be the death knell for the banking and legal system wouldn't it. The legal system protects the banking system. I thought that is fairly obvious.

Only to weak minds like yours. You are to this debate what a four-flusher is to poker. Your post is a perfect example of the logical fallacy known as "special pleading."

[noblepa]

Yes, its a vast conspiracy of judges, attorneys, bankers, lenders, and others to make sure that no one finds out about what ULC is pushing. Such a convenient, yet implausible explanation.

OTOH, if the woo that they are selling actually worked, that would be the death knell of the entire banking and financial system.

If a borrower could simply decide not to repay a loan, and that refusal was upheld by the courts, no one would ever be able to obtain a mortgage to buy a house.

No one would be able to get a credit card.

Utilities would demand large, up-front payments, before they delivered water, gas or electricity to your home.

Buying a car would mean saving your money until you had enough to pay cash.

Even having a checking account with a bank might be affected. If your follow their logic, I should be able to write a check for my purchase and then tell the bank to dishonor the check (cheque?). Were that to happen, no merchant would accept a check. To buy a car, one would have to accumulate the 30 or 40 thousand pound or dollar notes and carry them to the dealership.

In short, our entire economy is based on readily available credit. If a lender can no longer count on being able to collect the money that they have loaned, they would simply stop lending. Period. We would, of necessity, return to a 100 percent cash economy.

I have never understood this mentality. I'm sure that, if I loaned one of them 10 dollars or 10 pounds, they would expect that I would honor my moral obligation to repay it, even if there is no legal agreement to do so. So, even if, somehow, there were no legal requirement to repay my mortgage, credit card bill or auto loan (there is), it seems to me that there would be a moral obligation to do so.