Class Action Accuses Banks Of Illegal Creation Of Money
Posted on Sunday, April 24 at 19:10 by Anonymous
The complaint was filed Friday April 15, 2005 in the Supreme Court of British Columbia at New Westminster. It alleges that all financial institutions who are in the business of lending money have engaged in a deliberate scheme to defraud the borrowers by lending non-existent money which are illegally created by the financial institutions out of "thin air."
The legal action brings to the fore one of the major economic "drag factors" - the interest charged by banks for money that technically and legally is not theirs to lend, because even governments end up paying interest to banks lending money for public spending, and they in turn charge tax payers. A large part of every country's tax revenue goes first and foremost - before any "internal" spending - to payment of interest, largely because of the basic flaw in our way of creating money by the rich and for the rich.
Here is some more detail about the class action filed in Canada.
http://www.newmediaexplorer.org/sepp/2005/04/19/canada_class_action_accuses_banks_of_illegal_creation_of_money.htm
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"And those who were seen dancing were thought to be insane by those who could not hear the music." Friedrich Nietzsche
(read the full article, and you'll get a much better idea of what this suit is about).
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Canadians are asking, why do americans hate us? They hate our freedoms: our freedom of religion, our freedom of speech, our freedom to disagree with each other.
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<a href="http://www.abbotsfordtimes.com/issues04/112204/news/112204nn3.html">http://www.abbotsfordtimes.com/issues04/112204/news/112204nn3.html</a><p>---<br>Canadians are asking, why do americans hate us? They hate our freedoms: our freedom of religion, our freedom of speech, our freedom to disagree with each other.
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If I stand for my country today...will my country be here to stand for me tomorrow?
This is a real issue and Canada has always been known as a bank run country, so the more press this recieves the better. It may be baseless but what we need is for the next generation of canadians to steer away from banks and for more legislation on how banks act outside the country.
The courts will of course say no because they know who pays their bills.But it is interesting.And of course true.
Yes.Let the revolution begin!
The guy may be an asshole,but maybe it requires an asshole to shake the system up.The system is run by power hungry assholes.
Canada has a know national debt of nearly 2 trillion, which was mostly created by the banks. These debts were created on the assumption of the future earnings of each borrower.
You have to educate yourself about the facts that debts/loans created by the banks must match the tax industry.
Demsey is a financial specialist who knows exactly what he is talking about. People that do not want to understand nor accept the truth are usually the ones who work for the banks or get's rewards by association.
The courts have been forced by government to go along with this fraudulent banking system for almost 100 years but people are now learning more and more of this fraud. This case will be most interesting in that the judical system will be forced to either continue to remain as abettment to this banking fraud, or they will be forced to openly acknowledge the fraud as it is.
MBNA just got their 1997 bankrupcty reform bill passed in the US, which excludes credit card debt from bankruptcy. Chase and Citibank were involved in the Enron schemes and scams, continue their fraud everyday, somewhere in this world.
That's what their crooked attorneys are paid to do, to conceal their fraud and try to controvert anything or anyone who attempts to spread the truth about their fraud.