Michael Tellinger Shares Global Information…

Michael Tellinger, South African researcher, author and songwriter, shares this information with the world.
http://www.ubuntuparty.org.za/2013/05/facts-about-global-banking-machine.html

ubuntu

Sunday, 12 May 2013

FACTS ABOUT THE GLOBAL BANKING MACHINE

1)    All the major banks in the world are owned and controlled by the banking families.
2)    They control the entire process of the creation, the printing, and supply of money around the world.
3)    The three biggest names in this cartel are the Rothschilds; Rockefellers and Morgans, and they ultimately own or control all the banks in the world, together with a small number of other powerful banking families, like Carnegie, Harriman, Schiff, and Warburg.
4)    Collectively they have become known as the “banksters” by those who became aware of their devious activity.
5)    All the major central banks of the world, including the Reserve Bank of South Africa, just like the Federal Reserve Bank in the USA, are privately owned corporations with complete control of the financial markets.
6)    These banking families and central banks are a law unto themselves and do not have to answer to anyone. For example, section 33 of the South African Reserve Bank Act allows them to keep their actions secret.
7)    The global financial system created around the supply of money is so convoluted and complex that only a few people truly understand it. This is always used as an excuse to exclude the involvement of ordinary people.
8)    The deeply complex legal system is used in the same way to manipulate and support this structure, denying the ordinary person access to lawful justice.
9)    Lawful justice cannot exist under the situation where the country is a corporation; the president appoints the judges, therefore the judges work for the corporation and have to uphold the wellbeing of the corporation – not the  people. And the courts are mere enforcers of the banking policy.
10)    Banks officially do not work with money. They work with Bills of Exchange, Negotiable Instruments and Promissory Notes.
11)    The word ‘money’ does not even have a definition in the Bank Act of South Africa, neither is the word ‘payment’ defined.
12)    All the major money of the world is ‘FIAT’ money – this basically means that it has no intrinsic value AND it is not supported by any precious metals like gold or silver, as it was a long time ago. FIAT money is created by banks, out of thin air, when you take out a “loan.” There is actually no real loan – nothing physical is exchanged – this is the equivalent of counterfeiting. South Africa’s money supply has quadrupled in the past decade, and yet this increase supply has not seen a parallel increase in gold, silver or other real commodity reserves.
13)     This means that the paper/plastic money we use is completely worthless. They are just fancy pieces of paper with some fancy logos printed on them with no value at all. The ‘value’ is derived purely from the masses of people who have confidence in their currency and keep using it as a method of exchange.
14)     For example, very few people know that a payment / commission / legal bribe is paid to the South African government every time a worn note or coin is returned to the SA Reserve bank. This payment is called seigniorage and allows our government to profit from the exploitation of the people by the paper/plastic money controlled by the Reserve Bank, and ultimately the Bank For International Settlements from whom our Reserve Bank receives their orders.
15)    Yet it is illegal to destroy these worthless pieces of paper, and people who introduce alternative pieces of paper, or copy these pieces of paper are jailed for infringement of its copyright.

16)    The only reason our money has any value, is because we give it value – our perception of value is the only value it has. If the people lose faith in their money, the money will collapse, because nothing supports it. In fact the word ‘credit’ comes from the Latin credere which means “to believe.” Evidence of this is found almost every time a central bank governor opens their mouth. You will hear the word “confidence” uttered over and over and over again because the prime directive of a central bank governor is to maintain confidence in banking at all costs. Erosion in confidence leads to the collapse of the system. This is precisely why they placed Nelson Mandela’s face on the new South African notes – to instil and renew confidence in our money and abuse the man’s commitment to freedom.
17)    Banks create money out of “THIN AIR” by simply creating debits and credit on the accounting computer system. This is called the Matching Principle and is governed by the Generally Accepted Accounting Principles (GAAP).  A “loan” is not a loan in the ordinary sense of the word, it is an instruction that you, the customer signs, in the process creating a promissory note, which you “submit” to the bank authority, giving the bank permission to issue one of their promissory notes in return. Their promissory note (which comes in the form of a computer generated bank statement) is designed to look like a loan. So, their promise back to you (in exchange for your promise to them) is the loan you are receiving. So, in essence, you instructed the bank to make money out of thin air. Because you are none the wiser, you agree to the exploitative terms and conditions outlined in the agreement which, of course, the courts will enforce in their favour.
18)    Banks do not have money of their own to lend you as most people believe. No money existed in the system before the so called “loan” was granted to you.
19)    Banks create money on the signatures of their clients and the so-called contracts and loans they make the customer sign. These contracts are sold in a process called securitisation to third parties, who in turn sell it on the global stock markets. This is a highly secretive and well guarded technique in which they profiteer and create undue enrichment. Then they bundle such loans and sell them back to the people via pensions funds and insurance policies. Are you confused yet? You should be – many lawyers and most judges do not understand this and this is why we had to study this ourselves to be able to defend ourselves in the courts against those lawyers who defend the banksters and understand it well. The people have to know.
20)    By selling your signature or ‘promissory note’ or mortgage bond contract, they lose all legal rights to any property that they financed. In legal terms this is called losing ‘locus standi’.
21)    When the bank securitises a loan, they get paid the full capital amount of the loan, plus interest, up front. This means that your loan has actually been pre-settled by a third party who is insured in case you default, while you have no idea that this is going on behind the scenes.
22)    The banks break contract law by claiming to lend what they do not possess – money. They only create money, in most cases cyber-money, after you signed all the documents and they sold your promissory note to the third party who then on-sells it, sometimes many times, to other parties by trading it on the global stock markets. This is why securitisation is a ponzi / pyramid scheme that everyone must become aware of. It is also known as “shadow banking” which is easy to research online.
23)    They do not disclose any of this to their customers, keeping us in the dark. You believed that they actually loaned real money. This is a lie. They never loaned you anything of any value and therefore there was never “equal consideration” where both you and the bank stands to lose something. This flies in the face of basic contract law, never mind common morality among people. But then banks are not people – they are legal fiction corporations.
24)    You created all the value with your own mind and it was your signature that caused the release of money from the third party buyer, which the bank received on your behalf – except they never informed you of that, did they?
25)    The banks act as intermediaries, like estate agents, because they do not lend us THEIR money. Since they do not lend us anything, but only obtain it on the strength of our signatures, from a third party, any interest they charge is pure extortion and fraud. Disclosure must take place for a valid agreement to occur.
26)    The money in South Africa is printed by the South African Mint – also a private company that simply profiteers on the hard work of our people. However, recently this has been outsourced to Sweden which was a disaster, causing huge embarrassment for the Reserve Bank after several billion Rands worth of notes were printed incorrectly with the wrong dimensions and had to be destroyed.
27)    The Reserve Bank, which is a private company, is in charge of printed money, which it sells or loans it to the banks at a fraction of the face value of the bank notes.
28)    When the banks return the used bank notes to the Reserve Bank, they get paid almost the entire full face value of those bank notes, creating enrichment out of thin air for themselves, by creating money out of thin air from shuffling paper.
29)    Banks practice what is called “Fractional Reserve Banking”. This means that they only have to retain a small percentage of any deposit and can lend out the rest many times over to the public, creating a spiral of debt on money that does not even exist.
30)    For example: For every $100 you deposit, the bank lends out about $900 of imaginary fictitious money to their clients. The real fraud is that they charge compounded interest on this non-existent money. This is blatant fraud and anyone else would be jailed for a long time for doing this.
31)    Interest is charged up front. Interest is considered “real money” by the bank, and so they can make more loans, out of thin air, against that interest, that did not exist in the first place.
32)    As it stands today, there is not enough money in the world to pay off all the debt in the world, because of interest. This is exactly the situation the banksters wanted to create. A situation that gives them complete control over property and other assets that can be repossessed by the banks only to re-sell it to another naive person who will most likely end up in the same debt situation.
33)    All this activity is continually supported by the legal system and the ignorant judges who just perpetuate the fraud in the face of clear evidence.
34)    In some countries, hard working people are jailed for not being able to repay their debt. This a blatant crime against humanity for which the bankers should be jailed and the judges should be answerable to the people they serve. But then, they don’t serve the people, they serve the corporation that employs them – THE REPUBLIC OF SOUTH AFRICA and other corporations that masquerade as countries.
35)    The printed notes we call money are really instruments of debt and should be illegal. Money as we know it today can only be issued as debt. In fact, about 40% of the debt of the USA is fictitious / counterfeit debt, owed to the Federal Reserve Bank who initially created it out of nothing and then charged interest on that debt. All the income tax collected in the US is used to pay off just the interest portion of the debt to the Federal Reserve Bank owners.This is just a small taste of the convoluted web of deception that has been created to keep us ignorant and completely enslaved to the global control of the banksters.
There is no reason why we, the people, cannot create our own new form of money as an alternative to the banks’ tools of enslavement and use this new money as an interim tool to stabilise the economic crisis. A lawful kind of money that serves the people.

Posted by at Sunday, May 12, 2013
For more information on the Ubuntu Movement check out http://www.ubuntuparty.org.za
___________________________________________

About

Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Corporate-Governments revealed for study, Freedom-Expressed
4 comments on “Michael Tellinger Shares Global Information…
  1. RonMamita says:

    http://followingworldchange.wordpress.com/2013/05/11/latest-from-michael-tellinger-2/

    May 11, 2013 · by kerischwed

    Michael Tellinger is doing an AWESOME job! Please support him if you can. Read the articles below especially Discovering the Money Tree. This information is now getting more & more mainstream exposure so it is only a matter of time before we should see some transformation. Unbelievable that the Investec Bank is pulling out ‘vexatious litigation’. If they think he is wasting their time why then are they putting time & effort into dragging him into court to say so……me thinks them scared. Good bloody job! So they should be. When you really wake up to these games it becomes crystal clear that on one side you have the truth & on the other side delusional, egotistical people fearing their power & money get taken away from them. That time has past, we are in the energy of truth & full transparency now & they know it. KS

    The secret South African banking system is being blown wide open.

    For the sake of our future, it is absolutely critical that you read “Discovering the Money Tree” on page 12 (or 15) of the latest Real Estate Investor Magazine. Then, share it with everyone you know. Here it is:

    Furthermore, there has been an alarming twist to our High Court case. The directors of NewERA have been called by Investec bank to appear in Court this coming Tuesday for “vexatious litigation.” See our press release attached.

    https://docs.google.com/viewer?a=v&pid=gmail&attid=0.1&thid=13e8efd391f86234&mt=application/pdf&url=https://mail.google.com/mail/?ui%3D2%26ik%3Da628de5a39%26view%3Datt%26th%3D1

    THE NEW ECONOMIC RIGHTS ALLIANCE

    PS. Please also note this article regarding our complaint to the National Credit Regulator regarding the securitisation of loans.

    New Economic Rights Alliance brings heat to the banks
    Posted 05 May 2013 Written by Arlene Levy
    The New Economic Rights Alliance (NewEra) has lodged a complaint with the National Credit Regulator (NCR) calling on it to force the major banks to disclose details of their securitisation transactions, which are reckoned to exceed R20 billion a month.

    Attorneys Liddle & Associates, acting on behalf of NewEra, has given the NCR 10 days to respond to its demands, failing which it will refer the matter to the Consumer Commission and ask it to subpoena the banks for the requested information.

    Securitisation is the financial term used to describe the pooling and on-selling of mortgage, credit card, vehicle and other loans. NewEra argues that banks lose legal title to these loans as soon as they are securitised.

    NewEra, which is a non-profit organisation with 135,000 members, has made several failed attempts to bring legal action against the major banks on the grounds that the banks are foreclosing on defaulting borrowers, forcing them out of their houses and repossessing their cars, when in fact they have no legal standing to do so. The banks managed to throttle the High Court actions on technical legal points.

    The banks cited in the complaint are Absa, Abil, Firstrand, Investec, Nedbank, Standard Bank, Sasfin and Imperial.

    “Our case took no more than 45 minutes to argue,” says Scott Cundill, NewEra’s founder, referring to the most recent hearing earlier this year in the South Gauteng High Court. “Thirty of those 45 minutes were spent arguing with the judge about who was going to pay the legal costs. This is all true, I am not making it up. Alongside the silks (senior counsel) were their junior advocates, instructing attorneys, their clerks, their assistants and of course the clients (the banks) themselves.

    “And their main argument? NewERA makes no sense, they have no case and the whole thing should be thrown out immediately for being ‘vague and embarrassing.’ Oh yes, and NewERA should pay the bill.”

    Cundill says he nearly choked on his cappuccino when one senior counsel claimed before the judge the Reserve Bank was a public interest group, just like NewEra. The entire case was a circus, he says, with people in black robes bowing, scraping and pleading before the judge.

    Banks do a roaring business in the sparsely regulated securitisation trade by selling financial instruments that have long and predictable income streams, such as a 20 year mortgage bond. They get paid up-front on the sale (securitisation) of these instruments, often as much as 2,5 or 3 times the face value of the loan. This will probably get your blood boiling if your house or car has been repossessed, and perhaps explains NewEra’s surging membership.

    So what is NewEra’s argument?

    Essentially, it says a bank no longer has legal title to a loan that has been securitised. Based on statistics published by the Reserve Bank, it appears most mortgage, credit card and other retail loans issued by the banks in SA have been securitised.

    The securitised loan has a new owner, and the bank’s legal position has changed to one of collection agent for the new owner, a fact that the bank does not disclose to the borrower.

    If NewEra’s argument is proven correct, it could open the door to massive claims against the banks by customers who have been dispossessed of property as a result of foreclosure.

    A raft of similar cases are now underway around the world, from the US to the UK and Europe.

    No more Mr Nice Guy

    NewEra says it is bringing the complaint to the NCR because of its inability to have its evidence heard in the High Court. It has called upon the NCR to elicit a full list of securitised transactions from the banks, something its court case has been unable to achieve. Once it has the securitisation information to hand, it plans to bring an entirely new case before the courts. When that happens, it’s no more Mr Nice Guy, says Cundill, who is clearly frustrated at NewEra’s inability to air the substance of its case before the courts. Some of the priciest lawyers in the country have been whistled up by the banks, a clear sign they are a tad nervous about NewEra’s case.

    A year ago, independent legal experts might have rated NewEra’s odds at 50:1. Now, they are not so sure. The reputation of banks has seldom been lower, particularly after the Wall Street bail-outs, the Libor fixing scandal, sumptuous bonuses for bankers, the derivatives time-bomb, the rush to foreclose and now the securitisation scandal. Numerous home owners in the US have won court victories against the banks by challenging their legal standing on discovering that their home loans had been securitised. Last year five US banks were forced to pay $25 billion in settlement to customers whose homes had been fraudulently or wrongly foreclosed. Another multi-billion dollar settlement was slapped on US mortage banks earlier this year for similar reasons. Attorneys in the US believe this may just be the start of a tsunami of legal actions against the banks from aggrieved customers forced out of their homes by foreclosure.

    South African courts will be forced to take note of these developments, whether the banks like it or not.

    Liddle & Associates says it is bringing the complaint in terms of Section 136 of the National Credit Act (NCA), and as a matter of public interest as defined in Section 4 (c), (d) and (e) of the Consumer Protection Act (CPA).

    The NewEra complaint says Section 69(4) read with Section 69(2) of the NCA requires a credit provider, upon entering a credit agreement by virtue of the transfer of rights, to “report to a credit bureau, since the national (credit) register has not yet been established.”

    In essence, this means that when a loan has been securitised, the transaction must be reported to a credit bureau under the NCA. NewEra says the banks are violating this law.

    “We accordingly request a full list of specific credit agreements which were securitised by the said credit providers, which information should be part of the public record, in the interests of adequate disclosure, in terms of the purpose of the NCA, in particular Sections 3(d), 3(e)(i) and 3(e)(ii) and 3(f),” reads the NewEra complaint to the NCR.

    “We draw your attention to the fact that the credit providers are not reporting to the credit bureaus herein, they are refusing to disclose this information to the customers and they are not disclosing this information to the courts, which information is vital to establishing their locus standi to sue (borrowers).

    “We also draw your attention to the debt review process in which it is essential that the credit provider provide full disclosure therein to ascertain locus standi and compliance with the provisions of the NCA, especially with respect to their registration as credit providers and the resultant cost of credit and interest chargeable therein.”

    Cundill says NewERA will file amended documents with renewed ferocity. “Remember, we are not suing for money and our lawyers are acting pro-bono. We are trying to protect millions of South Africans from what we believe are blatant and unscrupulous actions of the banks. We need the courts to rule on the merits of this case. Is that too much to ask?”

    Relevant legislation:
    Consumer Protection Act
    National Credit Act

    Like

Please Contribute a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 395 other subscribers
The Worldwide Awakening
Peaceful Awareness & Knowledge Based TransitionSeptember 11, 2017
Exercise freedom and creativity for all Earth’s inhabitants to explore ready breakthroughs in Self Organizing Communities, economics, and technology. This is a D.I.Y. project
State Sponsored Terror
The Big Day ReportMarch 30, 2018
Institutions of crime Big days have come, gone, and come again (Manipulations: Market Exchanges crash, wars, government Elections, and Taxation). Search for what is hidden and for what is not spoken. What secrets are hidden in Antarctica? Be Aware of the next big Day for fraudulent institutions.
RonMamita
Peace Today

Peace Today

RonMamita’s Blog
May 2013
S M T W T F S
 1234
567891011
12131415161718
19202122232425
262728293031  
All posts here
Whole-Community
Audio coming soon!
%d bloggers like this: