Thursday, 26 April 2012

#BANKSTERS South African Takedown? #LAW #OTB


Unresearched, ... we can no longer in conscious sit on this information, we have ot spent ONE SECOND verifying this, but we wish to cover events far away and especially on continents the slave masses ( by design) have no understanding they empower ....

"Jessica Schnehage · Agent and Co-owner at Mpire

The New Economic Rights Alliance (www.newera.org.za) is preparing for a Constitutional.
Court Case that aims to obtain transparency in banking (case number CCT38/12). This is a.
once-in-history opportunity.


For the first time, a full bench of 11 judges, 22 registrars, eight clerks, four joined advocates.
and four additional researchers will hear a case that goes to the heart of the banking system.
With so much financial turmoil overseas, a case like this has been destined to break. We
believe that South Africa is the one country that has the right mix of variables to make a case.
like this possible.




This is an enormous undertaking and we require 20,000 signatures to have the desired impact.

Please sign this online petition: http://micro2.majesticinteractive.co.za/bf.php?fid=1151 and.
ask everyone you know to do the same. The time for truth in banking is now.

The following outlines the reasons behind this action:


1. Banks do not “loan” money as their prolific advertisements claim. Money loaned is.
actually money created, via an elaborate scheme of paper shifting and number.
crunching. This involves the use of loan application forms and negotiable instruments,
the result being debit and credit book entries that have no liquid money value. It can be.
said that banks make money out-of-thin-air under the “pretence” of a loan, but in.
reality it is not a loan at all. This is deceptive and misleading as very few South Africans.
know the truth.


2. It is a common legal principle in our law that one must possess that which one loans.
For reasons above, the banks are unable to meet this, a fundamental criteria for a valid.
borrower / lender contract.


3. Banks are failing to provide simple information to their customers that should be easy.
to access. Examples include a certificate of balance, audited proof that a lawful.
“deposit” was actually made and the physical location of original documents, promissory.
notes and other negotiable instruments. Instead of providing the customer with this.
information, they choose to take legal action, and foreclose on homes and assets with.
remarkable alacrity.


4. The banks are acting as intermediary / agent between the customer and other parties.
It is a requirement that an agency relationship be fully disclosed up front to the.
customer. The banks do not disclose this relationship and, as a result, most people are.
under the complete illusion that they are borrowing from their bank in the ordinary.
sense of the word.5. Banks engage in a widespread and common practice called securitisation. Instead of
borrowing from the Reserve Bank on our behalf, banks bundle many loans together and.
then sell these bundles to investors whereby the loans become securities. This process
caused the stock market crash of 2008 and threatens the global economy as we speak.
In fact, the betting game being played by the banks, called the derivatives market, is.
currently estimated to be 20 times larger than the GDP of the entire planet. Rather than
slowing down, its sheer propensity for profit has led to a rampant growth of the.
industry in South Africa. The Banks Act makes it crystal clear that securitisation falls.
outside the business of a bank. Therefore, it is a blatant breach of the Bank Act for a.
bank to engage in this practice, and rightly so.


6. Banks refuse to disclose the securitisation process to the customer, who has a legal.
right to this information. When a customer asks for disclosure, the banks do not even.
bother responding, or respond using unintelligible legal jargon. The entire securitisation.
process is kept tightly secret while it provides huge profits to those behind the scenes.
Instead of securitisation providing a benefit to the customer by way of lower interest.
rates, the reverse occurs: banks swiftly and relentlessly foreclose on assets in order to.
satisfy the needs of their investors. It should also be mentioned that banks have been.
known to securitise a debt several times, and that should a person default those.
investors are protected by an insurance policy.


7. We have written confirmation from the South African Reserve Bank that, once a bank.
sells a loan into a securitisation pool, they lose the legal right to that asset. This means
that literally tens, if not hundreds of thousands of homes and other assets have been.
taken away from South Africans illegally because the wrong entity is suing in court.
8. Banks do not use “money,” they use negotiable instruments. These instruments are.
defined clearly in the Bills of Exchange Act and have been used by trading merchants.
for thousands of years. It is the constitutional right of every South African to have an.
explanation of how our instruments are being used, traded, and exploited by the banks.
9. Banks are foreclosing on people’s homes and assets by using the contract as a shield.
Their argument is simple: “you signed a contract, so you must pay.” By sticking to the.
age old axiom: the-agreement-is-king, anyone attempting to look behind the shield is.
prohibited from doing so. This loan agreement, which is a series of one-way payments.
with absolutely no risk whatsoever to the bank, is somehow enough to allow them to.
win in court. We believe that granting summary judgment in such a manner, without.
the courts listening to the counter argument that the contract is not valid due to.
malicious deception, is unconstitutional.


10. It is illegal for banks to claim more than double the amount loaned from any borrower.
(the in duplum rule). However, banks are not only breaking this rule, but they are also.
forcing people to pay the interest on loans up front. In other words, the interest is paid.
back first, before the principal. This is plainly illegal.


11. The collection processes in banks have become so extreme, that call centre operators.
have been known to verbally abuse customers. The customer believes, quite wrongly,
that the bank is running at a loss and is simply doing its best to get its money back.
This illusion is maintained by the banks who continue to refine their well-oiled, clinical.
machine of repossession and foreclosure.


12. If a bank employee dispenses with an affidavit, it is a legal requirement that the.
directors of that bank first dispense with a Special Resolution granting permission for.
that employee to make such an affidavit. This rule is currently being circumvented.
Somehow, half-hearted affidavits, made by just about anyone in the bank, are being.
successfully used to obtain judgment and foreclosures."


Source:

"Uploaded by TyrannosaurusRadio on 4 Nov 2011

CODEX Alimentarious, one of the most dangerous doctrines pushed by the UN, WHO and World Bank is coming to North America and the rest of the world. Its plan is to regulate all food in a nazi style.

truthseekertimes.ca "




FREE TUTORIALS:  CRYPTO-CURRENCIES, CIPHER-MARKETS, DIGITAL VALUE TRANSFER, VAULTING & STORAGE; BITCOIN - the lot!  

#OTB - Public Key Transaction Processor - create digital vaults
EN | GR | ES | FR | PT | IT | PL

#OTB - Open-Transactions - create bankster-free markets 
EN | GR | ES | FR | PT | IT | PT

 - U Need - ... The White Rabbit! ;~)

Operation Occupy The Banks - Hashtag #OTB  ABOUT

No comments :

Post a Comment

Only members (obviously) can comment; no moderation; direct to page.

Note: only a member of this blog may post a comment.

Popular Posts - All Time