Thank Scott and the People with New ERA for sharing information, experiences and efforts. ~Ron
PETITION — Put an end to South Africa’s Debt!
by Scott Cundill http://www.newera.org.za/petition-put-an-end-to-south-africas-debt/
While they make huge profits for themselves and their foreign shareholders, the South African banking system is strangling its people .
- The country continues to borrow money which it could never, ever pay back. This puts the people into a perpetual state of slavery and this behaviour is unacceptable.
- A central bank, operating in a veil of secrecy, is responsible for our money supply.
- A terrifying 12 million South Africans are unable to meet their monthly obligations.
- Incredibly, over 100,000 South Africans have their salaries debited by garnishee orders, most of which are unfairly inflated and totally illegal.
- There are an estimated 10,000 workers who actually get a nett salary of zero. They are working only for the prestige of having a job.
- Debt collectors are running rampant, illegally collecting on prescribed debt that is too old to be legally collected, inflating amounts owed and preying on unsuspecting people who do not know their rights.
- The in duplum rule, which clearly states that a person must not pay more interest than the original loan, is being completely ignored and circumvented.
- The South African banks are secretly using a process called the matching principle to hand out fictitious money that is created out of thin air.
- Banks are secretly gambling with our security via a process called securitisation and are illegally foreclosing on properties and assets. This has been blown wide open on national TV, but nothing has been done about it.
- This is just the tip of the tip of the iceberg with regards to the extraordinary exploitation of the people by the monetary system.
We are saying NO to greedy banks and their lawyers. Complete the petition below and it will be hand-delivered to the government, the judiciary, the NCR and every single bank in this country to send a clear message that we demand an end to South Africa’s debt.
SIGN THIS PETITION AND DEMAND A FULL REFORM OF THE SOUTH AFRICAN BANKING SYSTEM: http://news.newera.org.za/bf.php?fid=1339
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Reblogged this on Spartan of Truth and commented:
Thanks Ron.
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