Canada: Class Action Accuses Banks of Illegal Creation of Money

iamfreeru2 · #1 04-23-2005, 08:12 AM

Hello all,

Got this in an email and is very interesting. Looks like the people of Canada are fed up with the illegal creation of "money" by the banks.

http://www.newmediaexplorer.org/sepp...n_of_money.htm

I wonder what the bootlickers on Quatloos have to say about this. This is something that should be filed here. People are wising up to the fraud and this is one reason why so many are now using DE.

This comes from Jean Keating.

charlesa6 · #2 04-23-2005, 08:43 AM

I concur. People should wake up and do the samething here. Class action suit will be appropriate to filed. Good info iamfreeru2.

iamfreeru2 · #3 04-23-2005, 09:51 AM

In all fairness this was brought to my attention as well form Prof on Quatloos. We shall see what transpires with this.

http://www.abbotsfordtimes.com/issue...112204nn3.html

seeker · #4 04-23-2005, 10:06 AM

If you didn't follow a couple links and find this -- you may want to take a look

http://www.transaction.net/press/int...etaer0497.html

iamfreeru2 · #5 04-23-2005, 01:12 PM

Thanks Seeker,

I was headed there but got side tracked with a honey do list today. I saw that in the post, but did not have the chance to follow through on it. I appreciate you being on the ball and placing the link here. Looks like a very credible source as well.

EnSabahNur · #6 04-23-2005, 07:22 PM

Yup, this is the real deal.... I was reading up on it the other day and it actually made it, somewhat, into the controlled Media. More than likely so that they could try to make the guy look like some kind of freak, or loser.

But the fact remains that this guy has filed a serious lawsuit, and made some REALLY serious accusations that cannot be disproven by the banks. There is NO way they can refute what this guy is claiming because it is 100% true.

Now what I am wondering, is if this guy is a lawyer, how long before he finds himself disbarred?......or dead?

iamfreeru2 · #7 04-23-2005, 07:31 PM

Quote:

Originally Posted by EnSabahNur

Yup, this is the real deal.... I was reading up on it the other day and it actually made it, somewhat, into the controlled Media. More than likely so that they could try to make the guy look like some kind of freak, or loser.

But the fact remains that this guy has filed a serious lawsuit, and made some REALLY serious accusations that cannot be disproven by the banks. There is NO way they can refute what this guy is claiming because it is 100% true.

Now what I am wondering, is if this guy is a lawyer, how long before he finds himself disbarred?......or dead?

I do agree that it is the real deal. Too much evidence to support. There is a ground swell brewing and it matters not what the Esquires or anyone else says about it, the truth always prevails. Problem is that you have to keep telling bigger lies to cover up all the other lies till it blows up in your face. Too many know the truth and it is only a matter of time before it will all be exposed for what it is.

EnSabahNur · #8 04-23-2005, 07:49 PM

You know what the odd thing is imfreeru2,

I would expect that most people would be so against this way of thinking, but EVERYONE I talk to not only usually says "I wouldn't doubt it", most even express great interest in learning more.....so I send them to all the pertinant sites. Usually it is some of the baby boomers who are pissed off at the very notion that you're suggesting they have been robbed of their money and rights.

Oddly enough also, my grandfather is the most open to this all. He simply tells me that he hopes he does not have to visit me in jail. He is not saying I am wrong, but he knows that is where I might end up for daring to question the system. He Knows...... he knows what's going on.

The system is breaking down, and I have a very big sledgehammer.

iamfreeru2 · #9 04-23-2005, 08:19 PM

I tell ya, I was 44 when I first found out the truth. I'm 58 now; a boomer. No one wants to go to jail, but I would rather go to jail than live a lie. There are some good innocent people there for standing up for truth. Feedom costs and if you're not willing to pay the price then I guess freedom is not worth much. I have had some friends buckle and give in due to IRS unlawfull seizures. They just couldn't take it any longer. I guess when the going gets tough that's where you separate the men from the boys.

rearguard · #10 04-25-2005, 01:11 AM

A former bank manager told me that the bank he worked at loaned out something like 25% more money than they actually had. He told me it was legal to do this and I'm sure he actually believed it.

Canada: Class Action Accuses Banks of Illegal Creation of Money

Quote:

1) these banks and credit unions did not have the money to lend, and therefore they did not have any capacity to enter into a binding contract;

2) the defendants did not have any cash reserve, they are not legally permitted to lend their depositor's or member's money without expressed written authorization form the depositors, and:

3) the defendants have no tangible assets of their own to lend and all their "assets" are "paper assets" which are mainly in the form of "receivables" created by them out of "thin air," derived out of loans whereas the monies loaned out were also created out of thin air.

The government will squash the lawsuit, they have no choice otherwise all hell breaks loose.

The important question is, why did the lawsuit get this far, and how did it manage to get partly into the mass media?

Normally, when crap like this gets into the public domain, it is done to officially "fix" a problem. The lawsuit will fail, and the lending institutions will be "cleared of any wrong doing", and all will be well again.

If the reason for the lawsuit is to fix a problem, then the crumblings by the people must be getting too loud for comfort.

Something is up because you just don't see this kind of thing happen when the problem can be ignored.