Category Archives: Financial Tyranny

A Couple of Thoughts on Big Numbers

By Charles Hugh Smith

April 18, 2022

Let’s ask “cui bono” of the $33 trillion in added debt and the $9 trillion added to GDP: to whose benefit?

I’ve been thinking about how hard it is to get our heads around big numbers. Technical analyst Sven Henrich (@NorthmanTrader) recently provided one method to grasp the immense wealth of Elon Musk: How to become as wealthy as Elon Musk? Easy. Get paid $1 Million every single day. For 750 years in a row and you’re there.

How can we get a handle on the $33 trillion we’ve added in total debt since 2010? We can start by noting that’s a 60% increase in debt in about a decade, while the population of the U.S. rose by 7%.

Are we 60% better off than we were 12 years ago? How do we measure “better off”? GDP went up by 60% as well, but are we 60% more efficient or 60% more productive? Has the purchasing power of our wages gone up 60%? Can we buy 60% more with a day’s earnings?

I think it’s fair to say “no” to all these questions. We’ve added $33 trillion in debt to more or less tread water.

Does it illuminate the $33 trillion to say that’s $100,000 of debt for every one of the 330 million Americans? Are we each $100,000 better off for borrowing $33 trillion? Well, a few folks have benefited. The top 400 wealthiest folks have seen their wealth skyrocket by trillions of dollars, from roughly 8% of GDP in 2010–way up from a paltry 2.5% in 1985–to about 18% of GDP, which is now $24 trillion. That works out to $4.3 trillion.

I think it’s fair to say that hyper-globalization and hyper-financialization has generated hyper-wealth and hyper-inequality.

Read more at: https://www.oftwominds.com/blogapr22/big-numbers4-22.html

Monopoly: An overview of the Great Reset – Follow the Money

April 15, 2021

If you’ve been wondering how the world economy has been hijacked and humanity has been kidnapped by a completely bogus narrative, look no further than this video by Dutch creator, Covid Lie.

What she uncovers is that the stock of the world’s largest corporations are owned by the same institutional investors. They all own each other. This means that “competing” brands, like Coke and Pepsi aren’t really competitors, at all, since their stock is owned by exactly the same investment companies, investment funds, insurance companies, banks and in some cases, governments. This is the case, across all industries. As she says:

“The smaller investors are owned by larger investors. Those are owned by even bigger investors. The visible top of this pyramid shows only two companies whose names we have often seen…They are Vanguard and BlackRock. The power of these two companies is beyond your imagination. Not only do they own a large part of the stocks of nearly all big companies but also the stocks of the investors in those companies. This gives them a complete monopoly.

A Bloomberg report states that both these companies in the year 2028, together will have investments in the amount of 20 trillion dollars. That means that they will own almost everything.

Bloomberg calls BlackRock “The fourth branch of government”, because it’s the only private agency that closely works with the central banks. BlackRock lends money to the central bank but it’s also the advisor. It also develops the software the central bank uses. Many BlackRock employees were in the White House with Bush and Obama. Its CEO. Larry Fink can count on a warm welcome from leaders and politicians. Not so strange, if you know that he is the front man of the ruling company but Larry Fink does not pull the strings himself.

BlackRock, itself is also owned by shareholders. Who are those shareholders? We come to a strange conclusion. The biggest shareholder is Vanguard. But now he gets murky. Vanguard is a private company and we cannot see who the shareholders are. The elite who own Vanguard apparently do not like being in the spotlight but of course they cannot hide from who is willing to dig.

Reports from Oxfam and Bloomberg say that 1% of the world, together owns more money than the other 99%. Even worse, Oxfam says that 82% of all earned money in 2017 went to this 1%.

In other words, these two investment companies, Vanguard and BlackRock hold a monopoly in all industries in the world and they, in turn are owned by the richest families in the world, some of whom are royalty and who have been very rich since before the Industrial Revolution. Why doesn’t everybody know this? Why aren’t there movies and documentaries about this? Why isn’t it in the news? Because 90% of the international media is owned by nine media conglomerates.

Read more and watch the video at: https://forbiddenknowledgetv.net/monopoly-an-overview-of-the-great-reset-follow-the-money/

COVID WAR ENDING, ECONOMIC CALAMITY COMING

Inflation will tank us…

Crypto is already being regulated which will kill it…

https://www.bloomberg.com/news/articles/2022-02-09/cftc-seeks-bigger-role-in-u-s-efforts-to-oversee-crypto-trading

Self-sufficient economies are going to be the winners of the 21st century…

Best you join UPF Committees and build an alternative economy asap!!!

The Cost of Financialization-Globalization: You Lost $500,000 and Gained $137.13

February 11, 2022 by Charles Hugh Smith

Ponder what a clawback of the $50 trillion might entail, and the immense benefits of returning to producing quality goods and services by completely unwinding financialization and globalization.

The happy story that’s been ceaselessly promoted for 45 years is that financialization and globalization have been wunnerful for all of us, boosting wealth and saving a small fortune as the cost of products fell.

This is a remarkable distortion of reality. The fact is your household lost $500,000 in earnings and gained essentially nothing in supposed “cost savings.” The facts are presented in a study by the RAND Corporation: Trends in Income From 1975 to 2018$50 trillion in earnings has been transferred to the Financial Aristocracy from the bottom 90% of American households over the past 45 years..

B-b-but wait, didn’t we all save a fortune on cheap jeans and TVs? No, you lost on that, too, as every product was crapified by globalization. I discussed the uncounted losses of the U.S. economy being crapified in my post The “Crapification” of the U.S. Economy Is Now Complete.

Read more at: https://www.oftwominds.com/blogfeb22/bottom-90-lost2-22.html

WE THE PEOPLE PARTY; time to vote for real change; time to vote for ourselves

There is much activity around elections and voting in many countries; the herein is an idea that can bring the much-needed change for we, the people of each and every country; we invite you as one of we, the people of your country to seriously consider taking action; we are inviting the people of Southern Africa to join us in our launch of the we, the people party;

Is the current system of governance based on the will of we, the people?

Is your answer “No!!!”? [we have not had a single “yes!!!”]

Then why are things only getting worse? Why does voting not change anything?

Now, ask yourself:

Does the political party system serve we, the people? The 99%? Or, only the 1%?

Does it serve religious people? Churches and religious communities? Or, even recognise divine law?

Does it promote placing the power of banking back into the hands of we, the people where it properly belongs? Such as community banks and alternative systems of barter, trade and exchange?

Does it serve first nations and indigenous peoples?

Does it serve communities that want to govern themselves?

Is the purpose of government not to serve we, the people? To protect our rights as enshrined in the Bill of Rights? The supreme law of the land? To protect our freedoms, our peace, our prosperity, our private property and our sovereignty? To provide us with services? Do they?

THEN WHAT GIVES? WHAT IS THE PROBLEM?

We spent years down this rabbit hole so you don’t have to; it would take you months to read all our research; every topic and page is briefly outlined at https://giftoftruth.wordpress.com/faqs/

The entire system is rigged; in almost every country; banks, courts and government are in collusion; and, they work for a global oligarchy; the 1%;

Paul Craig Roberts should know what he is talking about; see https://1earthunite.wordpress.com/2016/08/02/everything-is-rigged-medicine-science-elections-the-media-money-education-search-engines-social-media-you-are-living-in-a-fabricated-fairy-tale/

 

COKE - we are ignorant

 

Every bar and law society member are in collusion with the same 1%; private corporations; a secret societies; elite families; the law and justice is now so far removed from its origins, it is now the undoing of natural law and natural justice;

We are in fact living in an occult society wherein everything is hidden; this is not a new world order, but an Old World Order; Vestus Ordo Seclorum…

VESTUS ORDO SECLORUM

 

The ancestors of the nations of the compass turned the world into ‘citizens’; their descendants are still in control; the 1% designed the political party system to divide, conquer and rule we, the people; the 99%; their sole aim is to steal our lands and natural resources; it is as simple as that;

We say “Power to the People;”

 

VOTING IS HOW WE GIVE OUR POWER AWAY!

How do they maintain power? And, where does the 1% get their authority from? FROM VOTING!!! Even if we only ‘register’ to vote, we have in fact waivered our natural rights; we have waivered our Bill of Rights, our benefits; and, instead taken on ‘duties’ and ‘obligations’; turned from living creditors into legal fiction debtors; we have granted sovereignty to corporations [which we mistakenly think is government]; ‘state sovereignty’ [a cabalistic term] as opposed to ‘people sovereignty’;

This is also known as ‘representative democracy’ when, in fact, only ‘direct democracy’ serves the people; word magick is used to keep fomenting this plot against we, the people;

Now, consider that in the words of Albert Einstein: “We can’t solve problems by using the same kind of thinking we used when we created them.”  

In the same fashion, we cannot keep using the same system of voting and expect change!!!

We have been educating the people of Southern Africa on VOTER DEREGISTRATION; see https://giftoftruth.wordpress.com/voter-deregistration/

 

The only way we can possibly use the voting system for change is to vote in a NEW SYSTEM; a system wherein people rights to life, liberty and the pursuit of happiness trump supreme! A system of EQUITY! Wherein ALL PEOPLE ARE EQUAL BEFORE THE LAW; wherein governance ONLY concerns itself with those behaviours; a system that Bastiat, Locke, Jefferson and Napolitano would approve of;

A system wherein natural law and natural justice can be used as a restraint against tyranny:

 

JUDGE NAPOLITANO - on the darkness

A government of ALL the people, by ALL the people, for ALL the people;

 POWER TO THE PEOPLE COLLAGE 4

 

Truth & Reconciliation Commissions: Investigation into the fraudulent financial system; people restored as creditors; nationalisation of corporations into lawful we, the people trust; anti-trust laws; overturn unjust laws; see https://giftoftruth.wordpress.com/banking/

Moratorium on evictions & foreclosures; repossessions restored; see https://giftoftruth.wordpress.com/foreclosures/

Debt jubilee; forgiveness and set-off of debts; return to prudent banking;

 

Community banks: the power of banking back in the hands of we, the people where it properly belongs; develop alternative models of barter, trade & exchange; https://giftoftruth.wordpress.com/community-banks/

 

Community Courts: scrap the divided bar; pierce the corporate veil; all are equal before the law; hold accountable those working for harmful corporations; trial by jury/forum/public hearing/; the people judge; revolving juries – all get a turn; true justice is seeking reconciliation and not retribution; see https://giftoftruth.wordpress.com/uza/

 

 POWER TO THE PEACEFUL COLLAGE 1

 

Self-determination: Local community municipal governance; revolving committees – all get a turn; direct access and admin over per capita share of national gdp;

 

Poverty: End man-made poverty; zero un-employment; basic income for all; un-employed work on social or environmental rehab projects;

 

Environment: Predatory capitalism is destroying ALL societies AND the earth; see https://giftoftruth.wordpress.com/capitalism/ Social & environmental rehab projects proposed by we, the people reviewed & implemented;

 

Natural Health: develop, educate, implement, promote, review natural health & projects

 

Tax: Zero tax on we, the people; only corporate tax; only customs & excise duty;

 

Development: No shortage of capital to develop the above; Tackling of illicit capital flows for development of the above; see https://giftoftruth.wordpress.com/reports/

Free: Free education on ALL levels; 30 minutes talktime & 25 SMS DAILY FREE;

 

POWER TO THE PEOPLE COLLAGE 5

 

Now, why would you want to vote for anyone else?

Vote for yourself as one of we, the people; see https://giftoftruth.wordpress.com/we-the-people-party/

Global Currency Reset? we call “Balderdash”

Without any prejudice, mention is yet again being made in the alternative media as well as in emails regarding the global currency reset from people supporting groups such as Nesara and SwissIndo; in some cultures the truth is of highest importance; and, only the truth can and will set us free;

This is not to discredit those involved, but merely to point out some facts; After all, there is no them or us, only us; we are all in the same boat together; and, it is our sacred duty to speak out if we see a wrong or harm;

And, we have first-hand experience with SwissIndo as some of you may know; even strong words have regrettably been exchanged; our apologies to those whom were offended; we are very concerned that people are being sold down the river YET AGAIN in secret meetings; this time by some “truth-seekers” [1%] ACTING on behalf of and making decisions on the 99%’s behalf… again…

SwissIndo

Without consulting the people; without referendum; nothing… eish.

 

Financial Fraud:

Firstly, we did some objective research into the fraudulent financial system as well as the global currency reset; for brief descriptions to our resource material see: https://giftoftruth.wordpress.com/faqs/

And, it is our humble independent determination that time spent on building new models of community Banks, Exchanges, Trade/barters and Stockvels is more constructive than trying to revenue the same fraudulent financial system;

The SwissIndo system relies on the same debt-based system; this is why there is a stalemate; with the west refusing the gold-backed system; while the east, the fiat paper-money system;

And, returning to a gold-backed system is not enough; the global debt is already 4 times the value of the entire planet;

compound interest in a fractional reserve debt-based banking system wherein everything gets multiplied by ten runs away and can never be paid; ever; as a graph it is a hyperbole and right now we are almost vertical… on a fiscal cliff…

Fiscal cliff

see: https://giftoftruth.wordpress.com/banking/

The fractional system is a growing black hole that has already swallowed billions in SwissIndo certificates before they started without even a burp; it will swallow all the world’s gold in a morning breakfast, if put on the table;

And, the BRICS system also relies on the same banking Leontief matrix as the federal reserve system; it’s merely another basket in a basket system; if the baskets have apples or pears makes no difference; it’s who the basket is controlled by; follow the money, we say;

 Jubille USA.png

http://jubileeusa.org/

Only a DEBT JUBILEE is the answer!!!!

We do not have to pay the debt back!!! Fraud vitiates EVERYTHING!!!

Fraud-Vitiates-Everything

We do not have to buy the corporations back; the corporations belong to the people as equal shareholders in Republican systems; they were built on the blood, sweat and tears of the people; there was no value for value exchange; services are not meant to profit off of the people; usury is un-ethical; if, the land belongs to the sovereign communities, provinces, states or tribal lands then so too everything that stands on it, other than peoples’ private property belongs to the people as a whole;

 

Where does all the gold come from?

Next, we ask: Where does all of this gold come from that SwissIndo, the Chinese elders and others are claiming to own? We say that at least 69% comes from Southern Africa!!! Were the people of Southern Africa properly compensated with equity? With a value-for-value exchange? NOOOOOOO!!!!! They stole their natural resources and left the people with a debt under revolving foreclosure bankruptcy laws that they can never pay back;

In 2001, in only one of many incidents, it was testified in a commission on Project Hammer that, leading up to 1994, 5 000 tons of gold was stolen from South Africa to keep the U.S. Ponzi scheme afloat; already then the ship was sinking…

 As we see it, SwissIndo does not work for the people; they clearly state they trade in ‘human capital’; their members are compelled to sign non-disclosures; what is there to hide? What is the purpose of secrecy if it is supposed to be for the people? Does secrecy not bring shadows with it?

 OPPT banner

OPPT:

Next, in 2012 OPPT foreclosed the entire system which means the very system SwissIndo relies on… using an already foreclosed system makes no sense; we will verify if the OPPT filings are lawful in the UZA v. Concourt case which has been finalised for October; http://giftoftruth.info/

Next, below some research into Nesara which is what the global currency reset has its roots in;

Next, below a brief look at the Trillenium Trilateral Tripartite Commission;

Then, below also a look at the Office of International Treasury Control;

Lastly, some research into the ASBLP certificate numbers which SwissIndo is quoting and the Anthony Martin connection; and, none of the SwissIndo certificates are loaded; neither on the U.S., Swiss nor the Philippines Securities Exchanges which means these certificates do not yet exist;

Lastly, we know that the cabal are in control of this very system; they aim to collapse it globally to get martial law instituted; in 2016 we see the Philippines placed under a new government [to control the exchange] and cabal moves made on Indonesia, Freeport, Samoa, Guinea and the pacific region as a whole; even, if the intentions of SwissIndo were to serve the people; and, the security certificates were in order; and, the federal system was honourable; we still do not see a global reset on the horizon;

 

Economic Collapse?

In Fact, all economic whistleblowers such as Gerald Celente, Ron Paul, Lyndon La Rouche etc. etc. indicate that not only are we already in the worst depression, since the fed, but the system is currently imploding; we call it a staged, controlled demolition; after all, it is the only logical way out for the cabal to escape persecution: to collapse the financial system…

And, the powers-that-were [not ‘are’] are psychopaths and sociopaths… they will rather burn it and run… know thy enemy… Babylon is over people; the ship has already sunk; we just have not realised it; the merchants are already standing afar… and bewailing her;

Warren buffet Leaking boat

 

What can we do, then?

 

BUCKMINSTER FULLER - to change things

 

There is plenty of action by the people in this regard; on the Giftoftruth ‘Community Banks’ page are examples of already working models of community Banks, Exchanges, Trade/barter & Stockvels [BETS]: https://giftoftruth.wordpress.com/community-banks/

All BETS are on 🙂

Now, let’s take a quick look at Nesara and it’s origins, shall we?

Nesara

 NESARA

From Wikipedia, the free encyclopedia

National Economic Security and Recovery Act (NESARA) was a set of proposed economic reforms suggested during the 1990s by Harvey Francis Barnard. Barnard claimed that the proposals, which included replacing the income tax with a national sales tax (see also FairTax), abolishing compound interest on secured loans, and returning to a bimetallic currency, would result in 0% inflation and a more stable economy. The proposals were never introduced before Congress.

NESARA has since become better known as the subject of a cult-like conspiracy theory promoted by Shaini Candace Goodwin, doing business as “Dove of Oneness”, who claimed that the act was actually passed with additional provisions as the National Economic Security and Reformation Act, and then suppressed by the George W. Bush administration and the Supreme Court. Goodwin’s conspiracy emails have been translated into several languages and have a large following online.[1]

Monetary reform proposal

Harvey Francis Barnard, a Louisiana graduate in systems philosophy, and an engineering consultant and teacher, created the NESARA proposal during the late 1980s and early 1990s. He printed 1000 copies of his proposal, titled Draining the Swamp: Monetary and Fiscal Policy Reform (1996), and sent copies to members of Congress, believing it would pass quickly on its merits. Based on a theory that debt is the number one economic factor inhibiting the growth of the economy, and compound interest the number one “moral evil” and reason for debt, Barnard made several other attempts during the 1990s to draw political attention to the problems he saw in the US economy, and his suggested economic recovery proposal based on the root causes he determined. After these did not succeed, he decided in 2000 to release the proposal to the public domain and publish it on the internet. Barnard established the NESARA Institute in 2001, and published the 2nd edition of his book in 2005, retitling it Draining the Swamp: The NESARA Story – Monetary and Fiscal Policy Reform.[1][2]

Dove of Oneness

Soon after Barnard released NESARA on the internet, a user known as “Dove of Oneness” began posting about it in internet forums. “Dove of Oneness” was later identified as Shaini Candace Goodwin, a former student of The Ramtha School Of Enlightenment, referred to in the media as a “cybercult queen.”[1] According to Goodwin’s website, the NESARA bill languished in Congress before finally being passed by a secret session in March 2000 and signed by President Bill Clinton. It is claimed that the new law was to be implemented at 10 am on September 11, 2001, but that the computers, and data (of the beneficiaries of the trillions of dollars of “Prosperity funds”) were destroyed on the second floor of one of the World Trade Center towers in New York City during the terrorist attacks. Supposedly an earlier gag order issued by the Supreme Court had prohibited any official or private source from discussing it, under penalty of death.[1] Goodwin referred to “White Knights,” most of them high-ranking military officials, who have since been struggling to have the law implemented despite opposition by President George W. Bush. Goodwin allegedly believes and purports that Bush orchestrated the September 11, 2001 attacks and the Iraq War as distractions from NESARA.[3][4] Goodwin’s description of NESARA goes far beyond Barnard’s proposal by cancelling all personal debts, abolishing the Internal Revenue Service, declaring world peace, and requiring new presidential and congressional elections. Goodwin often claimed that Bush officials were attempting to hack into and bring down her web site to prevent her from publicizing the law.[5]

Goodwin began commenting on NESARA in connection with Omega Trust, a fraudulent investment scheme whose creator, Clyde Hood, was on trial at the time. According to Goodwin, Omega Trust investors would receive their returns after NESARA was announced.[1][6] Goodwin repeatedly predicted that the NESARA announcement would occur in the very near future,[7][8][9] although in later years she became more reserved in these predictions.[10]  https://en.wikipedia.org/wiki/NESARA

 

The funny thing is, when one researches the global currency reset, one ALWAYS finds ascension cults gravitating towards and lurking in the wings; even SwissIndo is littered with those following the IAM teachings; we ask you; what does spirituality have to do with money? Answer: zip, zero, nothing, nada niks! It is harder for a rich man to ascend than it is for a camel to pass thru the eye of a needle; a good description

 

Collateral Accounts

The Trillenium Trilateral Tripartite Commission by supreme600 December 24, 2008

from YouTube Website

In 1875 the wealth and assets of the royal families and nations held under colonial rule were centralized into one combined account to be used to the benefit of all nations of the world.

This is known as the Combined International Collateral Accounts of the Global Debt Facility. Within its ledger is Saint Germain’s Foundation Divine and World Trust which is now worth $1 quatrodecillion dollars. This money will be used to bankroll NESARA and the prosperity funds.
Extensions of this agreement were expanded through international treaties, some of which are still classified as top secret, including:

  • Jekyll Island Treaty (1910)
  • The London Treaty (1920)
  • The Second Plan of the Experts (1929)
  • The Hague Agreement (1930)
  • The Far East Combined Depositories Agreement (1932 1945)
  • The Bretton Woods Agreement (1944)
  • The B.I.S. / Allies Agreement (1948)
  • The Green Hilton Agreement (1963)
  • The Schweitzer Conventions (1968)
  • The Election / Appointment of Sole Arbiter Agreements (1995)
  • The Washington Panel (1998)
  • The Treaty for Respecting the Rights (2003)

These treaties were ratified by the sovereign nations of the world and not their fake corporate government counterparts. Proof of such is recorded in every nations charter of the U.N. The USA charter is based on the constitution and thus subject to constitutional law. Only Kings or Queens, Presidents, Prime Ministers, and in some cases Ministers of Finance or Foreign Affairs are granted access to these accounts.

Verification is undertaken through a specific office under specific protocols dictated by the Head Office of the United Nations. After World War II, from 1945 to 1995 the assets in the Collateral Accounts were managed by The Trillenium Trilateral Tripartite Commission representing,

  • America
  • the United Kingdom
  • France

The commission selected the dollar an international reserve currency and they gave the CIA legal responsibility to protect the collateral assets.

Countries which did not want a permanent CIA presence on their soil would be allowed to subcontract the protection under the same terms and conditions of the treaties. Soon after, the CIA began to steal assets from the collateral accounts and use them for every New World Order pet project imaginable. To curtail these illegal activities in 1995, the Trillenium Trilateral Tripartite Commission was stripped of its power and placed under the control of the International Treasury Controller and the Office of International Treasury Control at the United Nations.

Additionally, they now have jurisdiction over,

…which are all part of the Collateral Accounts.

Despite this, the IMF, World Bank, and BIS continue to use the assets illegally for their own financing without giving any thought to the needs of the people of the world.

http://www.bibliotecapleyades.net/sociopolitica/sociopol_globalbanking96.htm#ASBLP_Group_of_Companies_and_Bank_of_ASBLP

 

And, we expect a different outcome using the same system? We feel not. 

 

Office of International Treasury Control

The OITC also gets mentioned by GCR pundits; from Wikipedia, the free encyclopedia

Jump to: navigation, search

The Office of International Treasury Control (OITC) is a seemingly elaborate fraudulent organization which claims to be associated with the United Nations and the Federal Reserve, the central bank of the United States. It has attempted to deceive people and organizations in Ecuador, Fiji and the United Kingdom. The UN and Federal Reserve have denied any knowledge of or connection with OITC.[1][2] The purpose of the hoax is unknown.

Curiously, the OITC purports to be a highly secret organization whose existence cannot be proven or disproven by internet research, and yet it maintains its own very public website. The OITC website does not explain why a highly secretive organization would want, or need, to maintain such a website; nor does the website explain why such an apparently wealthy organization would have such a badly designed website with many typographical errors.

https://en.wikipedia.org/wiki/Office_of_International_Treasury_Control

We went to their webpage and found no activity after 2009…

http://www.unoitc.org/News_Q&A.html

 

Global banking crisis? What global banking crisis?

Thousands of quadrillions of hidden monies revealed to be held in multiple off-ledger black screen accounts. The Committee of 300’s shadow government banking scam has its royal knickers ripped off. How rich is White Spiritual Boy now, Your Majesty?

Source: http://alcuinbramerton.blogspot.co.za/2012/01/white-spiritual-boy-off-ledger-black.html

These Authorities have reconfirmed, re-certified, re-declared, reaffirmed and reconsidered the authenticity and validity of above given fiduciary accounts with or without signature of C3 – AM – 01 and upon record to these Authorities.

Signed, sealed and certified this General Confirmation on this 25th day of January, 2008 at the World Bank Headquarters, Washington D.C., USA to be concurred by the Authorities of the Committee of 300.

(signed)                                              (signed)

HE Pres. Robert Zoellick              HE Sec. Gen. Ban Ki-Moon

The World Bank Group                 The United Nation Organization

The above Signatory of this above accounts is no other than Anthony Santiago Martin, Filipino resident of Rizal St., San Sebastian, Hagonoy, Bulacan, Chairman of ASBLP Group of Companies, Inc. with SEC Reg. no. CS201004379 and ASBLP Group, with Reg. no. ASBLP – 120005 – BASBLP – 10 and Holder of UN Diplomatic Passport no. UN – 00191 – 01 and Philippine Passport no. XX3794724.

I, Alvin Almirante Bersales attested the correctness and truthfulness of above contained information forwarded to me by HM, Queen Elizabeth II and Committee of 300 under army.

 

And, with their track record we trust them? We feel not.

Let’s take a quick look at who Anthony Santiago Martin is, shall we?

 

Filipino People’s Account handled by Anthony Santiago Martin

GENERAL CONFIRMATION – (Top Secret)

These Banking Institution, with full banking responsibilities, generally have declared, certified and reconfirmed the Validity, Veracity and Existence of the Off-balance Fiduciary Bank Account Record Sheet (all accounts are drained in cash funds since year 2000) but having Sovereign Guarantee by Precious Commodities preserved and untouched in the Philippine Islands, permissibly engraving of Multi-currency Bills in the Philippine Islands (99%) and/or in the United States of America (1%) and written in US Treasury Notes (top secret) and have been released its actual updates of the audited balances accounts, EXCEPT THOSE RED COLORED ACCOUNTS THAT HAVING UNCHANGED AND IRREVOCABLE BALANCES OF US$ Infinite (INFINITE DOLLAR), the actual estimated, accumulated and presumed amount of US$ 200, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000 per account given on this date January 25, 2008 although having been drained and these Authorities reconfirmed, declared, certified and reconsidered the veracity and validity of all herein bank account information entitled and inherited to the People of the Philippine Islands (70%) and the world (30%) under the trusteeship, management and control of ASBLP Group of Companies and Bank of ASBLP represented and chaired by HM, King Anthony S. Martin, Holder of UN Diplomatic Passport no. UN – 00191 – 01. All Accounts herewith are densely coded into 4 (four) unchanged codes: White Spiritual Boy, Spiritual Wonder Boy, Morning Star and King David however it depends upon the requisition and desire of C3 – AM – 01 in his papers together with the inclusion of any herein confirmed fiduciary heritage accounts except Falcon 1 up to Falcon 999*** that requested by former World Bank Pres. Robert S. McNamara by phone (also drained in cash funds since year 2000). Said fiduciary bank accounts are amenable to change its original position and information upon requisition of C3 – AM – 01.

Source: http://behindtruth2012.blogspot.co.za/2010/08/filipino-peoples-account-handled-by.html

 

ASBLP Group of Companies and Bank of ASBLP

ASBLP Group of Companies and Bank of ASBLP chaired by HM, King Anthony Santiago Martin has an Official International Registry no. ASBLP – 120005 – BASBLP – 10 is a mandated Institution in the world that having an extraordinary vision and mission to save mankind from financial trouble. One of the Core and Top Secret Priority Issues of the Summit of G8 is how to make an arrangement and deal with ASBLP Group of Companies and Bank of ASBLP when late Pres. Ferdinand Edralin Marcos, as Confirmed in the Last Will and Testament executed dated December 20, 1985 in the Malacanang Palace, Manila, Philippine Islands, handed over his Full Power of Authority to the Humble King. There are 6 Fake Anthony Santiago Martin are going around the world and in the Malls of Metro Manila to Claim that they’re the Genuine Anthony Santiago Martin while the Real One still maintained himself in his Registered Address at no. 133 Rizal St. San Sebastian, Hagonoy, Bulacan. ASBLP Group of Companies and Bank of ASBLP is one of the Top Financial Organization of the Committee of 300 for having an Infinite Treasuries that could save our ailing world from Financial Crisis.

http://johndbaptist.blogspot.co.za/2008/11/asblp-group-of-companies-and-bank-of.html

 

List of Reserved Company Names that matched your query.

ASBLP GROUP OF COMPANIES AND BANK OF ASBLP CORP.

ASBLP GROUP OF COMPANIES INC.

NEW FILIPINO PEOPLE OF PHILIPPINE ISLAND AND ASBLP GROUP OF COMPANIES INC.

TRUSTEE OF ASBLP GROUP OF COMPANIES FOR THE PEOPLE OF THE PHILIPPINE ISLANDS, INC.

Anthony Martin

Chairman, ASBLP Group of Companies & Bank of ASBLP

Hagonoy, Philippines

As you will see from ASM’s passport documentation, it is sanctioned by the Committee of 300:  “Sealed at the United Nations Headquarters in New York City, USA this 21st day of February, 2007 to be concurred by some or all of Authorities of the Committee of 300.”

This World Bank document, and also the document below, contain headers on each page referencing ASBLP.  The ASBLP Group of Companies and the Bank of ASBLP are supposedly Anthony Martin’s companies, and the “Sponsor Authority” on his passport is none other than the Committee of 300.

Is this a real UN Passport or another Slick Willy (Saurin’s nickname in Asia) creation? What one must note is Wilfred Saurin is an ex CIA star (was fired), is famous as the modern day Asian Robin Hood. He steals from the elite Banks and he gives to the poor.

This World Bank document, and also the document below, contain headers on each page referencing ASBLP. The ASBLP Group of Companies and the Bank of ASBLP are supposedly Anthony Martin’s companies, and the “Sponsor Authority” on his passport is none other than the Committee of 300.

ASBLP Group of Companies and Bank of ASBLP is listed as one of the Top Financial Organizations of the Committee of 300.

Clearly this second World Bank document (Reference no: ASBLP – 0330 – 2012)  supports that the Ambassador is using fake documents belonging to fake “King” Anthony Martin, to claim the funds in the White Spiritual Boy accounts.

In this World Bank document signed in March, 2012, there is a detailed listing for the distribution of funds to countries around the world and also to banks.  Note on page 143, there are many more signatures than the first document, the same ASBLP reference on the header, and at the end, a disclaimer about signatures that are “valid with and/or without the acknowledgement by ASM.”

Anthony Santiago Martin (ASM)

Signatory HM, King Anthony Santiago Martin Code name : C3-AM-01, White Spiritual Boy, Spiritual Wonder Boy, Morning Star and King David. Passport No. UN – 00191-01 (United Nation Organization xx3794724 Postal Address :133 Rizal St. San Sebastian, Hagonoy, Bulacan 3002, Philippine Island.

It has been alleged that Anthony Santiago Martin was being used by the Committee of 300 to withdraw from the Collateral Accounts.  It has further been alleged that these White Spiritual Boy and all related accounts are fictitious.

According to one account, the real Anthony Martin is an Australian who married a Filipina from Hagonoy Bulacan.  Apparently he was given a million pounds to sign documents given to him by President Marcos which declared him the sole heir and signatory to the accounts.  But the truth behind this fraudulent scam was discovered and the World Court, through the International Court of Justice, ruled that Anthony Martin was not the rightful heir and signatory to the accounts.  After his generous benefactors abandoned him, Martin suffered a stroke and is said to now be living again as a pauper in Hagonoy Bulacan.

From this it’s deduced that Martin was used as a patsy in the Committee’s failed plan, however, it is most interesting that when the bonds were stolen from Akihiko Yamaguchi and Mitsu Watanabee in Chiasso, one  “King” Anthony Santiago Martin showed up to make a claim to them.

After being conned by Alan Greenspan, both Yamaguchi and Watanabee were detained at the Chiasso (Italian/Swiss) border and the notes/bonds that they were carrying were taken (stolen) from them. Both men were associated with Neil and he found them to be straight-forward, hard-working individuals who were making strides in helping impoverished nations on behalf of the Dragon Family.

Neil states that the real facts here are that both men were conned by the Italian Government and the Federal Reserve Bank of NY. There never was an arrest, never a trial, and never a judgment. It was all an Italian drama and could have become a soap opera rather than a snow job if the Cabal had not completely controlled the media. The newspaper in Como was owned by Prime Minister Berlusconi’s family, and nothing was as it seemed, including the fake 3-1/2 year sentences in abstentia that were allegedly handed down by the Judge.

A check of all 3 Italian databases will reveal that there was never an arrest or judgment according to the Italian Financial Police. In fact, these very notes/bonds that Anthony Martin (and Wilfredo Saurin) attempted to claim were split up after the Italian P2 Lodge (representing the Italian Government) offered to return them to the Dragon Family for 10% of their value.

The Dragon Family refused their offer because they were holding all of the cards. They knew they could cancel the notes out and then have them re-issued 6 months later at no cost to them. So the Italian Government (or corporation), turned to their fellow bedmate, the NY Federal Reserve Bank, and received the approval from them to use the notes after splitting them 50/50.

In this case, Yamaguchi, Watanabee and the bonds were all real and it was Prime Minister Berlusconi and other Italian representatives that were the cons. They stole the notes.

Neil’s team investigated all this and when he found the notes were real he started to breathe a little easier seeing that his notes were from the same package. The Chiasso incident allowed Neil to move forward with his lawsuit. It would lead to what is known as “Financial Tyranny.”

http://neilkeenan.com/2015/01/

People, the dragon families are not just from the east; east and west are brothers; they are batting for the same team, using the same system; the global reset will be LOANS at 2%; not freebees; it’s human capital: the same old slavery debt system.

 

Conclusion:

Has anyone imagined a world where everyone has access to millions? Where 3,5 billion who were surviving on a dollar a day now can splash on whatever they want? Can the earth support another billion autos? Is it sustainable? Can you imagine the waste? The abuse? What is a hardcore drug addict going to do with his stash? What are militants going to do? Can the earth sustain such an economic onslaught? Especially when predatory capitalism has already destroyed half of the natural world? See: https://giftoftruth.wordpress.com/capitalism/

Insanity upon insanity, we say;

Get off that rollercoaster of the hope of a reset which only leads to the despair of it not happening; put it out of your mind;

We need to build new models; think internationally and act locally;

What will solve 90% of people problems?

Community banks and the power of banking back in the hands of the people; and, community courts wherein all people are equal before the law as peers without bar interference;

If, it interests you then do a search on community banking, exchange, trade in your area; or, get involved with your local community jural society; even, if only to help with fund-raising;

Look at the amazing work Judge Anna is doing with the Living Law Firm at: http://annavonreitz.com/

The global currency reset will not happen; and, should not happen; period;

Instead, a commission of inquiry should rather be launched into the gold to have it audited as well as tested for origin and restitution back to the people; however, the only true value that exists is in people’s labour and natural resources; nothing else, other than our belief in it.

We would do well to put the reset out of mind and roll up the sleeves; while some are waiting for the world to change, the world is waiting for we, the people to be the change;

in peace, brother-thomas

 

Supreme Court Hears Puerto Rico Bankruptcy Case

Washington DC – The US Supreme Court hears arguments on whether Puerto Rico’s courts can restructure about $20 billion of the US territory’s $72 billion debt. Puerto Rico’s legislature passed the 2014 “Recovery Act” which empowers the island’s courts to restructure debt belonging to Puerto Rico’s public companies. The First Circuit Court of Appeals previously ruled in 2015 that only Congress can determine how to restructure Puerto Rico’s debt under US bankruptcy law.

If the Supreme Court rules in favor of Puerto Rico, we’ll have some additional tools to address some of the debt in an orderly way,” said Eric LeCompte, a United Nations sovereign debt expert and Executive Director of the religious development group Jubilee USA. “While this could be positive. it still doesn’t offer a comprehensive solution.

Only seven US Supreme Court justices are expected to hear the case because of Justice Antonin Scalia’s death and because Justice Samuel Alito may recuse himself from hearing the case. Alito recused himself when the high court decided to take the case in December.

I hope the Supreme Court will allow Puerto Rico’s bankruptcy courts to arbitrate the debt,” stated LeCompte, who testified to Congress in February on possible legislative solutions to the debt crisis. “Puerto Rico is in a downward spiral and it can’t cut or tax its way out of this crisis.

Read a timeline of Puerto Rico’s debt crisis

Read Eric LeCompte’s testimony before Congress

Jubilee USA Network is an alliance of more than 75 US organizations and 550 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world’s poorest people. www.jubileeusa.org

Available for interview: Eric LeCompte, Executive Director
Contact: Greg Williams, Communications Director
greg(at)jubileeusa.org / (o) (202) 783-3566 x101 (m) (443) 854-1405

http://www.jubileeusa.org/press/press-item/article/supreme-court-hears-puerto-rico-bankruptcy-case.html

Notice to Banki Moon and Kerry in regard to continuing Abuses

February 23, 2016Secretary General Ban Ki-Moon       via Certified Mail #7006 0810 0003 3541 5717 United Nations Secretariat New York, New York  10017John Forbes Kerry                         via Certified Mail # 7006 0810 0003 3541 5724 2201 C Street NW Washington, DC 20520

Anna von Reitz

Notice in Regard to Continuing Abuses

Dear Sirs:

This business concerns both of you, so both are being addressed.

Mr. Secretary General Ban Ki-Moon: It is our understanding that the UNITED STATES CONGRESS named the United Nations the Trustee of our states and the laws thereof beginning in 1976 and there has been no other appointment since.   This was caused by the wholesale incorporation of former State and County government operations on the land jurisdiction of the United States, which left the land jurisdiction Public Offices (which are still owed to us) vacated though we were not informed at the time.

It is our further understanding that the service contract of the IMF sponsored UNITED STATES (INC) was defaulted in March of 2015 when that entity –together with its numerous franchises— was declared insolvent and entered receivership.   This circumstance left the federal services contract portion of The Constitution for the united States of America vacated, too.

We became aware shortly afterward that unscrupulous persons have self-interestedly claimed that we were operating as franchises of the insolvent UNITED STATES and that vessels in commerce including STATES and ESTATE trusts named after the States of America and the living American Nationals were to be considered sureties and franchises of the UNITED STATES and sold as abandoned properties to pay the debts of the insolvent governmental services corporation.

As our Trustee in this matter, we protest to you in your office as Secretary General of the United Nations and also wish you to make our objections known to the General Secretary of the United Nations that none of these arrangements supposedly made in our behalf are true or equitable.  We have repudiated the so-called National Debt of the UNITED STATES (INC) as odious debt that is not owed by the people of the (Continental) United States, testified that the people of the (Continental) United States are not sureties for the debts of the UNITED STATES and that our public and private property interests have not been abandoned.

We have refused offers by both the World Bank and FEDERAL RESERVE dba THE UNITED STATES OF AMERICA, (INC) to act as successors to contract.  This is the result of the obvious wrong-doing of these organizations in the past documented by the wet-ink, autographed, and sealed affidavit of probable cause which we have delivered to your offices in New York.  We have issued new Sovereign Letters Patent and have Declared Joint Sovereignty and established arrangements for the co-signing Native American Nations to act as our new federal service providers.  It should be apparent that we are of age, competent, acting with complete commercial liability, are birthright people of the (Continental) United States and hereditary beneficiaries of the unincorporated united States of America.

While this no doubt comes as a surprise to you, it is our wish and Will in this matter acting as the entitlement holders, beneficiaries, and sovereigns of the land jurisdiction of the United States.  We object to the continuing criminality of the international banks and governmental services corporations involved in this ongoing attempted institutionalized theft of our identities, mischaracterization of our political status, and securities fraud upon the probate courts and the bankruptcy courts throughout America.

We hold you and the United Nations fully accountable for the safety, support, welfare, and security of the living people of the (Continental) United States, the prosecution of the criminal elements in the international banking community and governmental services industry responsible for these outrages, and the return of our unencumbered property interests which have been falsely indebted under conditions of fraud and inland piracy.

Mr. Secretary Kerry:  We have ourselves fully and freely declared our disenfranchisement and revoked our election to pay federal income taxes since 1998.  We are what you call exempt non-resident aliens and American Nationals.  All reversionary interest in our estates returns to the united States of America on the land and United States of America on the sea.

These are Matters of Fact well-demonstrated in the public record, and they should be well-understood by those administering the Seattle Passport Office. We have been informed of stubborn refusals of service from passport agents and decided to check it out for ourselves. Accordingly, I, my husband, and grown son made request for new passports in August of 2015.

It is now approaching the end of February 2016 and despite copious correspondence and the plain Matter of Fact that we do not live in any Federal Enclave, do not reside in any municipal nexus, and are in fact Zip Code exempt —the passport agents have failed to perform and deliver the red jacket and properly styled passports we are owed, have objected to our use of the actual physical location of our home on the land as established by GPS as the basis of our land domicile, and refuse to understand  Title 39 U.S.C. Section 3003, 1341, 1342, which is punishable by up to 15 years imprisonment and $1,000,000.00 fine. Use of ZIP CODE is voluntary. (Domestic Mail Services Regulation Section 122.32 Nondiscrimination for NON-USE of ) and ZIP CODE per Public Law 91-325, section 403.

The Seattle Passport Agency has been offering to obstruct our ability to travel freely for six months over these petty obstructions and refusals to provide services owed and failure to obey the Public Law.  This is in itself a crime against humanity and an insufferable mis-administration of essential governmental services which are owed to us and to all American Nationals.

It is just one more example of the way in which governmental services corporations in this country have put self-interest ahead of service commitment and perpetuated commercial fraud against their employers and benefactors via obstruction, monopoly inducement, and disregard of Public Law.

We wish to see a prompt correction leading to the immediate issuance of passports bearing the proper color, proper style of name, proper mailing address (Rural Route Number), proper seal, stamp, and date. To that end I am returning the incorrect version of both the Passport and the Passport Card that were issued to me directly to your attention, Mr. Kerry, and requesting expedited service and issuance of the proper passport documents for me, Anna Maria Riezinger, my husband James Clinton Belcher and our son Eric Jon Belcher who still haven’t received anything at all from the Seattle Passport Agency, all non-combatant American Nationals, all living peacefully in Big Lake, Alaska.

Secretary General Ban Ki-Moon and Secretary of State John Forbes Kerry:  As we write this letter yet another governmental services corporation doing business as GOVERNMENT OF THE UNITED STATES, DUNS Number 16-190-6193, is terrorizing other innocent non-combatant Americans throughout the Western States.  This referenced corporate entity is the parent corporation of the FBI and BLM, both of which are operating on our soil as commercial mercenary forces under color of law.

This constructive fraud and deceit is brought about by the misuse and abuse of old trademarks and copyrighted names that were obtained as the result of corporate takeovers and mergers among governmental services corporations in the past and it has served to promote the impersonation of peacekeeping officers and other public officials by private, mostly foreign corporations having no more granted authority to “serve us” in this manner than employees of Target have authority to rob their customers.

This blatant lawlessness on the part of this foreign corporation run amok on our shores has resulted in the premeditated murder of an innocent American on our soil, and the false arrest of at least fifty other non-combatant American State Citizens who are being purposefully mischaracterized as “Enemies of the State” when they are in no way associated with any such “State” referenced in the entirety of Title 50. As the Trustee of our state offices and laws, Mr. Secretary General, this situation should be of vital concern to you, along with the continued purposeful and self-interested mischaracterization of the political status of the victims.

The American Nationals being mischaracterized by these vermin on our shores are innocent Third Parties and Priority Creditors of these same corporations, which are intent upon acts of inland piracy, armed international racketeering, and murderous insurance fraud against their employers.

We call upon you, Mr. Secretary General, to engage the necessary diplomatic process to free those Americans being held under false arrest and we call upon you, Secretary of State Kerry, to bring charges against these criminal entities masquerading as our lawful government.

The arrest and punishment of the bankers, attorneys, and administrators responsible is eminently more sensible in all respects than allowing these same criminals to continue to mis-characterize, murder and rob their Priority Creditors in an effort to avoid paying them.  This lawlessness must be brought to a swift end and the perpetrators must be recognized as the criminals they are with no more scape-goating of the innocent victims of these crimes.   They have already paid all the costs with their labor and natural resources; it is completely insane to expect them to pay again with their blood.

A policy of silence and failure to take action is not an acceptable response.  Both of you, Secretary General Ban Ki-Moon and Secretary of State Kerry, are responsible in different ways for controlling the GOVERNMENT OF THE UNITED STATES (INC.) and both will be accountable if you do not take prompt and effective action to correct the operations of this erring corporation.

Continuing to allow the GOVERNMENT OF THE UNITED STATES (INC.) to operate commercial mercenary armies under conditions of fraud and color of law on our shores will result in violent Breach of Trust and the lasting destruction of all respect for civil law and government.

Please note that the Federal Government has at most a proprietary interest as a caretaker of the property assets of the Western States.  That role does not include any authority to act against the actual owners and beneficiaries of the land assets nor allow any failure to recognize them as American State Citizens owed all the guarantees of their Statehood Compacts.

Our repudiation of the actions which have been taken in our names without our knowledge or consent by men and institutions merely pretending to represent us and which have been used as a means to establish institutionalized fraud and to hypothecate debt against our names and property assets is complete, final, and firmly established on the public records of all nations.

Although these crimes do involve mischaracterization of our political status, the entire scam is nothing more or less than garden variety bunko practiced on a vast scale, a matter of national identity theft and credit fraud engineered by international banks, attorneys, and politicians who have served themselves at the expense of those they are bound by treaty, trust indenture, commercial contract, and all forms of moral conscience to serve.

Correction must be viewed as a criminal matter, not misrepresented as a political one.

Sincerely,

Anna Maria Riezinger For the Alaska Civil Judge Advocates Council c/o Box 520994 Big Lake, Alaska RR 99652 (907) 250-5087

cc:

General Joseph F. Dunford, Jr.          via Certified Mail 7006 0810 0003 3541 5731

c/o Joint Chiefs of Staff

9999 Joint Staff Pentagon

Washington, DC 20318-9999

—————————————

See this article and over 100 others on Anna’s website here:www.annavonreitz.com

Posted by: http://www.paulstramer.net/2016/02/notice-in-regard-to-continuing-abuses.html

 

 

UZA v. STANDARD BANK – Moving Forward… Forward to Bankruptcy?

STANDARD BANK LIMITED are certainly not wishing to move forward, contrary to their creed as the following communications indicate; where are the days when companies had pride in being dynamic? Instead of following King David Rockefeller’s one world policy? Hey, David? Dinosaurs in the making, we say… good luck; we are building a new model to make the old one redundant; in peace

To:       Head, Legal Centre, Standard Bank Group Limited, 9th Floor,

Standard Bank Centre, 5 Simmonds Street, Johannesburg

From:   UZA, people’s courts, forums & tribunals

Re: Meeting to find reconciliation on unlawful banking practices

We have been approached by people represented by civic associations from the inner CBD who are the victims of numerous rights violations which involve what we now deem to be unlawful banking transactions, mortgages and the purchase and sales of apartment buildings, to name a few. For more information refer to https://giftoftruth.wordpress.com/banksters/

The people have requested that we represent them and participate along with them in this matter. Therefore, we wish for a two-hour meeting at your earliest convenience with 3 representatives of people attending, in order that we may address their concerns and find remedy for reconciliation.

UZA: As a people’s court at Natural Law we assist, guide and educate people and communities regarding their unalienable rights. We negotiate peaceful and positive conflict resolution between disputing parties to create a win-win for all people; the values we hold are what is common to the people and community and therefore reflect the unique and pivotal role in the cultural, social and economic life at international natural law jurisdiction. For more information refer to https://giftoftruth.wordpress.com/uza/

UZA is officially recognised as the SA Chapter of the committee in support of the International Tribunal for Natural Justice: http://itnjcommittee.org/about-us/chapters/southern-africa/

There is currently an international court case under way, filed by UZA against the Republic of South Africa for not protecting the rights of we the people against harmful banking practices and agencies intent on plundering the people; and, for not upholding the Bill of Rights as enshrined in the Constitution as the supreme law of the land. For more information refer to http://giftoftruth.info/

As a result all the wealth is now filtering into the hands of the few, the economy is grinding to a halt, the BRICS countries are unsuccessfully attempting to exit the Federal Reserve banking system, the Chinese stock markets have already crashed twice in the first week of 2016, the DOW has experienced the four worst days of trading since 1932 and more and more evidence is coming to light that the Federal Reserve banking system is a fraudulent system wherein money is merely an IOU, the banks are under control of a very few global elite private bankers with private interests which in most cases are not to the interest of the countries or the people. The system is collapsing and it is time for us to engage in finding remedy or we the people have no alternative but to start our own bank with our own banking system and cease from making use of commercial banks completely. So it is in the interests of STANDARD Bank, as a South African company, to participate in the soon-to-be-launched people’s banking system. So it is with this in mind, that we would like to set up a meeting and we require two hours of your time in order to start entering into discussions to address the issues and to find remedy for our concerns.

Oxfam study highlights massive global wealth divide.1% richest own more than rest of us

http://www.usatoday.com/story/money/2016/01/17/oxfam-wealth-inequality-report-davos/7892937

The combined riches of 62 of the world’s most well-heeled individuals in 2015 equaled the wealth of 3.5 billion people — the bottom half of humanity — a new report about extreme global wealth inequality released Sunday showed.

The findings, published by the poverty-fighting organization Oxfam, highlight the growing divide between those at either end of the income spectrum. Since 2010, the wealth of the richest 62 people increased 44% to $1.76 trillion, the report found. Over the same period, the wealth of the world’s poorest half fell over a trillion dollars or 41%.

“Our economic system is heavily skewed in their (the wealthiest) favor, and arguably increasingly so,” Oxfam said. “Far from trickling down, income and wealth are instead being sucked upwards at an alarming rate.”

Oxfam added: “Rising inequality is a problem for all of us. The OECD (Organization for Economic Cooperation and Development) notes that increasing income inequality poses a risk for social cohesion and threatens to slow down the current economic recovery.”

As recently as 2010, Oxfam calculated, it took 388 of the world’s wealthiest individuals to match the collective income levels of the world’s poorest half. Oxfam did not name the 62 individuals it used as the basis for its calculations. In previous research reports, it has used Forbes’ billionaires list, in 2015 topped by Bill Gates whose net worth is $79.2 billion.

The group unveiled its research just a few days before the meeting of the World Economic Forum in Davos, Switzerland, an annual event that sees world leaders, corporate titans and members of civil society gather for a week of discussions and workshops on the world’s most pressing problems. Income inequality is rarely far from the top of the agenda.

Please contact us at commonlawsa@gmail.com at your earliest possible convenience with a time and day and venue where we can meet in order to introduce our concerns.

Sincerely, without prejudice, under onerous title, all rights reserved

brother-thomas

______________

Dear Sir

With reference to your attached letter dated 20 January 2016 The Standard Bank of SA Ltd (“the bank”/”us”/”we”) hereby replies as follows:

At the outset any customer of the bank may lodge a complaint with us, which will be handled by a dedicated area (being the Complaints Resolution Centre), and can be contacted via e-mail (Complaint.ResolutionCentre@standardbank.co.za ) or telephonically on  0860 101 101.

Secondly the bank will regrettably not participate in your planned people’s banking system, and we suggest that you engage with the relevant regulatory authorities herein, being National Treasury at the SA Reserve Bank, etc

Thirdly any failure on the bank’s side to specifically reply to any of the allegations made in your letter under reply should not be construed as an acknowledgement to the correctness thereof and all of the bank’s rights remain strictly reserved herein.

Kindly be guided accordingly.

Sincerely

 

The Standard Bank of South Africa Limited
Group Legal Division Tel +27 (0)11 636 9111 / Fax +27 (0)11 636 8277 / www.standardbank.co.za

South Africa – Bank busted over securitisation lies

Jack Darier of Parkhurst in Joburg asked his bank whether his loan had been securitised. No way, said the bank. It was the answer Darier was expecting. Meantime he had the proof that the opposite was true. It was a truth test, he says, and the bank failed.

Source: http://news.acts.co.za/blog/2015/11/busted-joburg-man-catches-standard-bank-out-over-securitisation-denial

Sometimes the banks just can’t get it right. Here’s a case where Standard Bank’s legal department flatly denied a customer’s mortgage loan had been securitised, while another department in the same bank sent proof that the loan had in fact been sold to an entirely different legal entity.

Busted. That’s what happens when the left hand doesn’t know what the right hand is doing.

What makes this case even more interesting is that the customer, Jack Darier of Parkhurst in Johannesburg, does not have a judgment against his name, nor is his house under threat of being repossessed. He just wanted to know if his home loan had been securitised – in other words, on-sold by the bank to a new owner. That means the bank no longer has legal standing to bring action against the customer in the event of default. You can see below how the banks get around this – it’s a simple cession, they argue successfully in our brain dead courts.

So let’s ignore the blather of the R50,000-a-day silks who show up daily in our courts as they repossess upwards of 10,000 homes each year (and for which the SA Communist Party is now calling for an official investigation), and go straight to the law books: Regulation 35 of the Banks Act covers the sale of a loan to a third party by way of securitisation. A debt on-sold to a “Special Purpose Vehicle” is considered a sale (not a cession) under which the full entitlement, rights and obligations are conveyed to the purchaser. Regulation 35 furthermore blocks the public from gaining access to securitisation transactions, which are deemed to be “off balance sheet”.

The reason banks securitise is to move assets off balance sheet and so free up capital for further lending. The provisioning requirements of the Basel accords, which govern banking internationally, means banks have to set aside capital according to the type and risk of loans it makes. So if it can move these off balance sheet by way of securitisation, it’s a case of rinse and repeat – issue a bunch of new mortgage loans, bundle them together, and sell them off to investors. Great business if you can get it. If the mortgage lender defaults, there are various insurance policies and credit default swaps (CDSs) that make up the shortfall. A zero-sum game for the banks. But not if you are the home owner. If the home owner defaults, the bank will get judgment, sell the house at auction for a fraction of its value, and then pursue the hapless defaulter for the shortfall.

In law, that’s called undue enrichment. Or selling the same asset twice.

A securitisation is therefore not a cession, but a shift in ownership of the underlying asset. The problem is no defaulting home owner can afford the R50,000-a-day silk to argue this convincingly in court. So the charade goes on. Section 72 read with Section 1 of the Banks Act precludes a bank from participating in any business wherein it may unduly influence and/or place at risk its providential requirements or burden its liquidity requirements. So an SPV cannot be a division or associated entity of the bank. The SPV must be an independent juristic entity.

But let’s get back to Darier’s to-and-fro discussion with Standard Bank. When he found out his mortgage loan had been securitised – despite the bank’s bare denial – he went along to visit the commercial crimes unit in Johannesburg. There he laid a charge of fraud against the bank.

Despite having presented evidence of the securitisation along with his correspondence and affidavit and receiving a case number, no further action was taken by the police investigation unit.
Darier’s interest in the matter all started when his father ran into difficulty with the bank some years ago. He fired off a bunch of questions to Standard Bank asking whether his mortgage bond had been securitised.

No it had not, said the bank (you can see the correspondence below). But then another division from the same bank sent him a Certificate of Balance showing the mortgage loan was now owned by Blue Granite. This is a securitisation vehicle used by Standard Bank into which it has placed thousands of its loans.

Bear this in mind when reading what followed.

In mid-July this year Darier sent off a standard set of questions that New Economic Rights Alliance (New Era) advises clients to put to their banks.

Here’s the response from Joop Dekker, executive in charge of complaints resolution at Standard Bank, sent on 24 July 2015:

Good day Mr Darier,

We refer to your note below and would like to reply as follows:

Regarding the questions you have posed below we are of the view that your questions are inappropriate.

The bank does engage in the process of securitization and there is nothing untoward or illegal about this.

It seems that you are being misled by New Era and we note that your question is identical to those that New Era have been inviting people to ask.

The bank has been involved in litigation with this entity and we attach hereto a copy of the latest judgement herein. We draw your attention to paragraphs 24 and 25 where the honourable Judge Baqwa described the NEW Era’s action as vexatious. You will also note that legal cost had been awarded against the New Era directors in person.

Lastly we confirm that any failure on the bank’s side to specifically reply to your question below cannot be construed as an admission to the correctness thereof.

We therefore trust that the above clarifies the matter from the bank’s side.

Regards

Joop Dekker

To which Darier replied on 25 July 2015:

Hi Joop. I have seen by your position at the bank that you are merely doing your job in deflecting any negative PR. As such I harbour no ill feelings or intentions towards you.

However, my response is as follows:

1.       I am not surprised the bank finds these question “inappropriate” because they do not want their customers and the public to have an insight into their dubious banking practices. Just because they deem it inappropriate does not infer that there are inappropriate questions to ask.

2.       It seems to me that your bank and most likely all the banks underestimate the intelligence of the public and they are trying to pull the wool over people’s eyes. Your executives are a bastion of CA’s and financial professionals who seem to think they are far more intelligent than everyone else and no-one will be the wiser. This may the case in other instances but I can assure you this is not the case now.

3.       With regards to the legality of securitisation: you are 100% correct. The process of securitisation (ie. selling promissory notes/loan agreements to third parties for purposes of using as investment vehicles to invest in stocks) is legal. However, there is no mention of the fact that after ceding the loan agreement to a party without notification to the debtor the banks’ rights to repossess houses are null and void. The bank is thus merely acting as the agent for the third party in retrieving monies owed. I see on the website there is but 2 or 3 lines (mentioning) securitisation but there has been a convenient omission of any information which would allude the fact that the bank has no more rights for repossession.

4.       I have been influenced by New Era, however I do not deem them as misleading me. The fact you have not been willing to answer my questions is testament to the fact that the bank does not want to draw attention to the matter or reveal the shady practices. If the bank wasn’t doing anything wrong they wouldn’t find the questions “inappropriate”. New Era indicated that the bank would not divulge any details on this matter.

5.       Securitisation has been banned in the US for the reasons that is shady and it has resulted in a plethora of illegal foreclosures (No. There have been calls for the outlawing of securitisation in the US, but it is not banned – Ed).

6.       I assume that because the manner in which securitisation works, it can be utilised in any form of loan/credit agreement (home loans, car finance, credit cards, etc). It would fantastic if the banks and third parties undertook profit shares with the debtor as they are using money which has not been paid to them yet to create profits. They are essentially utilising the hard work and income of their customers to generate massive profits for themselves

7.       I am well aware of what vexatious litigation and proceeding are. I examined the document and it was considered vexatious due to the manner in which the litigation was undertaken. It actually has nothing to do with the legitimacy of accusations or the matter on hand and the legality of the bank repossessing houses when it has no right to.

8.       New Era have successfully won cases against the bank and you and I both know this (They certainly educated the public, and in doing so frustrated the banks in their attempts to repossess homes, but New ERA does not fight cases for individuals – Ed).

The response does not clarify the matter at all. That being said we can drop the matter on the premise that I assume that my home loan has been securitised and that I am aware the bank has no right to repossess it.

I will be engaging with New Era and volunteering my time and services for free.

Jack Darier

On 28 July, Joop Dekker of Standard Bank provided the following reply:

Good day Jack

We confirm that Home loan account number 364814497 has, according to the bank’s records, not been securitized.

Furthermore we will have to agree to disagree on our respective views regarding New ERA’s position, which entity has taken on the banking industry (including the SA Reserve Bank) during the past few years via the Courts, and has had no success whatsoever.

Hypothetically if your homeloan had been securitized, and due to arrears on the account the bank foreclosed on the loan, the homeloan would merely be ceded back to the bank (by the special purpose vehicle) and the bank’s normal legal and collections process would subsequently been followed.

Regards

Joop Dekker

So what we have here is a serious dispute of fact: Dekker’s denial of securitisation, and Darier’s inadvertent receipt of proof suggesting otherwise. Based on standards of evidence, it looks like Darier has made his point. The bank’s position is that even if the loan is securitised, it can simply re-cede it back from the SPV and continue with the normal collections process. In theory this is fine, except that per our reading of the law as per the above, you cannot reverse an outright sale with a simple cession.

But Darier was just getting started. He then fired off a letter to the Northern Provinces Law Society, asking what it was doing to investigate lawyers implicated in drafting dodgy securitisation agreements.

Good day. I would like to request a meeting with senior counsel at the Northern Law Society in order to discuss multiple instances of banking fraud committed by local banks and their legal teams which are acting on their behalf. Their attorneys and debt collectors are raising judgments in court and making demands for monies owed on credit agreements for which the bank has no locus standi as they ceded the credit agreements through securitisation structures. (And thus ceded the underlying assets as the whole credit agreements along with assets are sold off their books).

Proof of many instances  of this shady practice are available AND local attorneys and law societies can no longer claim they do not know what securitisation is and overlook the matter.

The attorneys have presented papers to the court which are untruthful and indicate the bank still has locus standi on properties lodged as surety when in fact they don’t. These attorneys are well aware of this and are essentially lying to judges and are actively committing fraud and being complicit to the fraudulent practice.

I would like to discuss this with the law society to understand their views and positions on this as I am sure the securitisation matter has arisen before and the fact that attorneys are still being given free reign to present fraudulent papers to the courts is tantamount to one of the following 2 scenarios: a) either the law society is completely oblivious to this matter and more study and education of the subject in-house is required,  or b) the law society has knowledge of this unlawful practice but is allowing it to continue as it represents a great value of business for the local legal system and practitioners (ie. You are complicit to the fraud and deception in court)

I am not working with New Era and I think it would be in the best interests of the law society to meet with me to discuss further as there may be calls for disbarring of many lawyers who are implicated in this scheme.

Also, another matter I am going to be addressing is how certain firms are structuring the securitisation contracts and legal framework on the JSE in a manner which they are aware is not legal as they knowingly create shell investment schemes. They are structuring in a manner which directly contravenes numerous banking and credit act subsections/clauses and they are structuring in a manner such that properties are not transferred at the deeds office to the entity to whom credit agreements and the physical assets have been ceded to. The sole purpose being so that if a customer defaults the bank can approach the courts and pretend to be legal creditor. They are knowingly advising banks to create shell investment schemes.

Surely the local law societies are aware of this practice or they need to start introducing formal education and study into these matters.

Jack Darier

The Law Society has requested a meeting with Darier over the matter. We’ll keep you posted.

One Octopus, many octopuses; a group is a ‘grotto’ of octopuses

An American cartoonist in 1888 depicted John Bull (England) as the octopus of imperialism, grabbing land on every continent. HWC925
An American cartoonist in 1888 depicted John Bull (England) as the octopus of imperialism, grabbing land on every continent.
HWC925

Neptune

Fed octopus Microsoft octopus the fed 1912 cartoon rothschild beast rothschilds

Original caption: Illustration criticizing the pollution of New York's air by the Standard Oil plant in the Bronx. The company is depicted as
Original caption: Illustration criticizing the pollution of New York’s air by the Standard Oil plant in the Bronx. The company is depicted as “A HORRIBLE MONSTER, WHOSE TENTACLES SPREAD POVERTY, DISEASE AND DEATH.” Published July 19th, 1880. New York, New York, USA

The federal octopus Vatican Octopus William Vanderbilt Daily Graphic cartoon, Oct. 23, 1879 Zionist octopus 1 zionist octupus

 

The Grottos of Neptune – the SOURCE of ALL misery

Neptune

Chapter 2. The Greek theogony exposed

But since, next to Homer, Hesiod wrote his Works and Days, who will believe his drivelling theogony? For they say that Chronos, the son of Ouranos, in the beginning slew his father, and possessed himself of his rule; and that, being seized with a panic lest he should himself suffer in the same way, he preferred devouring his children; but that, by the craft of the Curetes, Jupiter was conveyed away and kept in secret, and afterwards bound his father with chains, and divided the empire; Jupiter receiving, as the story goes, the air, and Neptune the deep, and Pluto the portion of Hades. But Pluto ravished Proserpine; and Ceres sought her child wandering through the deserts. And this myth was celebrated in the Eleusinian fire. Again, Neptune ravished Melanippe when she was drawing water, besides abusing a host of Nereids not a few, whose names, were we to recount them, would cost us a multitude of words. And as for Jupiter, he was a various adulterer, with Antiope as a satyr, with Danaë; as gold, and with Europa as a bull; with Leda, moreover, he assumed wings. For the love of Semele proved both his unchastity and the jealousy of Semele. And they say that he carried off the Phrygian Ganymede to be his cup-bearer. These, then, are the exploits of the sons of Saturn. And your illustrious son of Latona [Apollo], who professed soothsaying, convicted himself of lying. He pursued Daphne, but did not gain possession of her; and to Hyacinthus, who loved him, he did not foretell his death. And I say nothing of the masculine character of Minerva, nor of the feminine nature of Bacchus, nor of the fornicating disposition of Venus. Read to Jupiter, you Greeks, the law against parricides, and the penalty of adultery, and the ignominy of pederasty. Teach Minerva and Diana the works of women, and Bacchus the works of men. What seemliness is there in a woman’s girding herself with armour, or in a man’s decorating himself with cymbals, and garlands, and female attire, and accompanied by a herd of bacchanalian women?

http://www.newadvent.org/fathers/0135.htm

ABSA BANK SOUTH AFRICA is RUNNINNGGG…………

The people of Southern Africa are beginning to smell the fear…

Of the BANKSTERs!

ABSA - not today

They are officially on the run and we will corner them before an International Tribunal; Thankfully, we do not have the level of psychopaths running around the northern hemisphere;

As we say in Afrikaans, here we give them a “SNOT KLAP” literally translated as “SNOT SLAP” meaning: “I will slap you until the mucous orbits around your head” or “I will stick my finger in your eye and dial your face to zero… my china”;

For further explanations you will have to come visit us and experience our lingo for yourself; we are course like salt;

All this is figurative of course, and a BANK is ONLY a legal fiction: it does not exist…

as they say using their larney words: “Corpus Delict”; no body: If anyone has ANY complaints about the herein logos, the first question we will be asking is:
“Please produce the body?”… 

Here is a heads up from our FB friends regarding another ABSAsnot klap”:

from facebook: John to ‎Banking – SECURITIZATION – 2012

ABSA - winner in fraud

Cautiously Optimistic

(shame : “cautiously optimistic” even though they have already won… the fear, the trauma, the atrocities… we ALL are gonna need counselling after this…)

Sanlam Home Loans (Pty) Ltd Maybe some more good news – There was a successful defense against a summons for summary judgement for an alleged mortgage default – THE BANK – our friends ABSA (of libor and Docufile “fire” fame) – WITHDREW – TWICE – and it is quite possible they cannot rise from the ashes this time. The Plaintiffs were: ABSA HOME LOANS 101 (PTY) LTD First Plaintiff ABSA HOME LOANS GUARANTEE COMPANY (PTY) LTD Second Plaintiff Formerly: Sanlam Home Loans (Pty) Ltd Anybody destitute with a SANLAM MORTRGAGE BOND now ABSA – THE DETAILS ARE AVAILABLE for possible / alleged mortgage default defense!!! Mark: Please steer me to these defence docs. Marie: Thankfully, this may be it. To help us all. Marie: Haha, may I have the info to keep fighting these jackasses. Lol. Jan: epic, ABSA HOME LOANS GUARANTEE COMPANY (PTY) LTD and ABSA HOME LOANS 101 (PTY) LTD, i had no idea that ABSA had pulled off a similar stunt like Standard Bank & SA Home Loans (Sanlam Home Loans, SA Home Loans, mmmh), using the very same structure, i.e. numerous trustees (101, 102, 103, etc) like the ever Changing Tides (Pty) ltd and the ominous SA Home Loans Guarantee Trust; at least they got more open and simply merged the 2 (on paper, since SHL has always been nothing but ABSA/Barkleys…), what brought me to this: http://www.saflii.org/za/cases/ZACT/2010/22.html

which is absolutely remarkable just reading the first few lines, when the courts & ‘judges’ didn’t even know how to spell securitization, when most of us had no idea what is in 2012, here the competition tribunal seems to be all knowing : The primary acquiring firm is ABSA Bank Limited (“Absa”), a company duly registered in terms of the company laws of South Africa. Absa is a subsidiary of Absa Group Limited (“Absa Group”), a public company listed on the Johannesburg Securities Exchange. Absa Group is ultimately controlled by Barclays Plc, a public company listed on the London Stock Exchange, the Tokyo Stock Exchange, and the New York Stock Exchange. The primary target firm is Sanlam Home Loans (Pty) Ltd (“SHL”), a company registered in terms of the company laws of South Africa. Pre-merger SHL is jointly controlled by Absa (with a 50% shareholding) and Sanlam Life Insurance Limited (“Sanlam”) (with a 50% shareholding). Absa Group and Sanlam each controls in excess of 40 subsidiaries. The SHL business model involves the securitisation of home loans originated through the business as a means to secure medium- to long term funding and minimise the cost of funding. The merging parties submitted that as part of a securitisation structure, SHL owns 100% of the issued preference shares in Sanlam Home Loans 101 (Pty) Ltd (“SHL 101”) and Sanlam Home Loans 103 (“SHL 103”). The ordinary share capital of these two entities is held by two trusts, which operate for the benefit of two separate special purpose vehicles. This structure ensures that SHL 101 and SHL 103 are bankruptcy/insolvency remote. The merging parties further submitted that the financials of SHL 101 and SHL 103 are consolidated with those of SHL for accounting purposes since SHL is deemed to control SHL 101 and SHL 103. p.s.; i did ask john for the files

ABSA - dismissed

We have now set down 2 of the major banksters on the land of Southern Africa;

The others are busy getting their notices;

Sincerely, ex causa onerosa, all rights reserved

administrator – uza

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A Case that Beat the RSA Banks:

https://giftoftruth.wordpress.com/2015/09/01/a-case-that-beat-the-rsa-banksters/

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On 11 July 2013, Pope Francis issued a Motu Proprio on criminal law matters in the Vatican

It is now 2years since the Official Vatican Network announced Pope Francis’ motu proprio, the most powerful legal instrument issued by a Pontificate of the Roman Catholic Church; this particular document will go down in history as one of THE documents that initiated the re-shaping of the world, giving Transnational Criminal Organizations 3 years to clean up their act, which includes the Holy See;

This does not mean that We, the People will absolve Pax Romana, in fact, it gives us the power to institute proceedings against pirates and imposters; the clock is ticking … 365 days … and counting [pictures with subtext added]

St Peter's Square

What is an obelisk, 4 pointed star of baal, 8 pointed star of ishstar doing in St. Peter’s square?

Pope Francis issues Motu Proprio on criminal law matters in Vatican

2013-07-11 Vatican Radio

(Vatican Radio) Pope Francis has issued a Motu Proprio on criminal law matters and administrative sanctions within Vatican City State and the Holy See. In a statement by the Holy See’s Press Office, it was announced that on this same date, the Pontifical Commission for Vatican City State has adopted the following laws:

Law No. VIII containing Supplementary Norms on Criminal Law Matters; Law No. IX containing Amendments to the Criminal Code and the Criminal Procedure Code;Law No. X containing General Provisions on Administrative Sanctions.

The note from the Holy See Press Office goes on to clarify the following points:

The Motu proprio makes the criminal laws adopted by the Pontifical Commission for Vatican City State applicable also within the Holy See.

The criminal laws adopted today are a continuation of the efforts to update Vatican City State’s legal system, building upon the measures adopted since 2010 during the pontificate of Benedict XVI.

These laws, however, have a broader scope, since they incorporate into the Vatican legal system the provisions of numerous international conventions including: the four Geneva Conventions of 1949, on the conduct of war and war crimes; the 1965 Convention on the elimination of all forms of racial discrimination; the 1984 Convention against torture and other cruel, inhuman or degrading treatment or punishment, the 1989 Convention on the rights of the child and its optional protocols of 2000.

 Vatican coin

Chemtrail on 1985 100 lire coin?

Of particular note in this context is the introduction of the crime of torture and a broader definition of the category of crimes against minors (including: the sale of children, child prostitution, the recruitment of children, sexual violence and sexual acts with children, and the production and possession of child pornography).

A section of the legislation introduces a list of crimes against humanity, in particular, the crimes of genocide and apartheid, following broadly the definitions adopted in the 1998 Statute of the International Criminal Court. The section of the Criminal Code regarding offences committed in the exercise of public administration has also been revised in light of the 2003 United Nations Convention against corruption. With regard to penalties, that of life imprisonment has been abolished and it has been replaced with a maximum penalty of 30 to 35 years of imprisonment.

 gov official

In line with the most recent developments at the international level, the new legislation also introduces a system of penalties for juridical persons who profit from the criminal activities of their constituent bodies or personnel, establishing their direct liability and providing as penalties a set of interdictions and pecuniary sanctions.

In the area of criminal procedure, the general principles of presumption of innocence and due process within a reasonable time have been recognized explicitly, while the power of the judicial authorities to adopt precautionary measures has been increased by bringing up to date the provisions for confiscation and the freezing of assets.

Also of importance is the modernization of the rather dated norms governing international judicial cooperation, with the adoption of measures in line with the standards of the most recent international conventions.

The law on administrative sanctions is of a general nature so as to serve as a common framework that provides for the possibility of sanctions in different areas intended to promote respect for the norms, to render them effective and to protect the public interests.

As a whole, these normative efforts form part of broader process aimed at modernizing further the Vatican legal system with a view to enhancing its consistency and effectiveness.

The following is an English translation of Pope Francis’ Apostolic Letter Motu Proprio on the jurisdiction of Judicial Authorities of Vatican City State in criminal matters (Full Text)

In our times, the common good is increasingly threatened by transnational organized crime, the improper use of the markets and of the economy, as well as by terrorism. It is therefore necessary for the international community to adopt adequate legal instruments to prevent and counter criminal activities, by promoting international judicial cooperation on criminal matters. In ratifying numerous international conventions in these areas, and acting also on behalf of Vatican City State, the Holy See has constantly maintained that such agreements are effective means to prevent criminal activities that threaten human dignity, the common good and peace. With a view to renewing the Apostolic See’s commitment to cooperate to these ends, by means of this Apostolic Letter issued Motu Proprio, I establish that: 1. The competent Judicial Authorities of Vatican City State shall also exercise penal jurisdiction over: a) crimes committed against the security, the fundamental interests or the patrimony of the Holy See;b) crimes referred to: – in Vatican City State Law No. VIII, of 11 July 2013, containing Supplementary Norms on Criminal Law Matters;- in Vatican City State Law No. IX, of 11 July 2013, containing Amendments to the Criminal Code and the Criminal Procedure Code; when such crimes are committed by the persons referred to in paragraph 3 below, in the exercise of their functions;c) any other crime whose prosecution is required by an international agreement ratified by the Holy See, if the perpetrator is physically present in the territory of Vatican City State and has not been extradited. 2. The crimes referred to in paragraph 1 are to be judged pursuant to the criminal law in force in Vatican City State at the time of their commission, without prejudice to the general principles of the legal system on the temporal application of criminal laws. 3. For the purposes of Vatican criminal law, the following persons are deemed “public officials”: a) members, officials and personnel of the various organs of the Roman Curia and of the Institutions connected to it.b) papal legates and diplomatic personnel of the Holy See. c) those persons who serve as representatives, managers or directors, as well as persons who even de facto manage or exercise control over the entities directly dependent on the Holy See and listed in the registry of canonical juridical persons kept by the Governorate of Vatican City State;d) any other person holding an administrative or judicial mandate in the Holy See, permanent or temporary, paid or unpaid, irrespective of that person’s seniority. 4. The jurisdiction referred to in paragraph 1 comprises also the administrative liability of juridical persons arising from crimes, as regulated by Vatican City State laws. 5. When the same matters are prosecuted in other States, the provisions in force in Vatican City State on concurrent jurisdiction shall apply. 6. The content of article 23 of Law No. CXIX of 21 November 1987, which approves the Judicial Order of Vatican City State remains in force. This I decide and establish, anything to the contrary notwithstanding. I establish that this Apostolic Letter issued Motu Proprio will be promulgated by its publication in L’Osservatore Romano, entering into force on 1 September 2013. Given in Rome, at the Apostolic Palace, on 11 July 2013, the first of my Pontificate.

Our comment: Without prejudice, we will be bringing a complaint before the International Tribunal for Natural Justice (www.itnj.org) regarding the lawfulness of Roman Dutch Law on the land of Southern Africa when it violates natural law and natural rights and has NO jurisdiction on the land; in addition, we also have questions to ask Pope Francis regarding the role of the Holy Roman Empire in historical and current crimes against We, the People such as breach of contract, trust, barratry, poverty and violations of non-derogable living rights;

All rights reserved, in peace, bt

PS: Interestingly, 11th of July was the day a bankrupt strawman was created in a NAME resembling the author’s when his mother berthed him and surrendered him as ward of the state; he wishes to thank Francesco for his co-operation in our freedom;

Ostrich farmer from Eastern Cape shows court his mortgage loan is now in Taiwan


An ostrich farmer from Grahamstown has thrown the local court into a spin by apparently proving that his mortgage loan with Standard Bank has been on-sold to an investor in Taiwan. This is the first time a securitisation audit has been presented in a SA court. On the basis of the evidence presented, the farmer says Standard Bank has no right to be in court.

Ash Davenport, a 63 year-old ostrich farmer from outside Grahamstown in the Eastern Cape, may be about to make history in his effort to stave off attempts by Standard Bank to take possession of his 3,260ha farm over a R3 million loan he took out seven years ago.

Last week he threw the Grahamstown High Court into a spin when his attorney, Bev Carruthers of Port Elizabeth, plonked a securitisation audit in front of the judge. The securitisation audit suggests that his mortgage loan has been on-sold to a Taiwanese bank and is no longer owned by Standard Bank. That being the case, Standard Bank has no right to be in court. More than that, the audit suggests the bank has securitised (or on-sold) his bond for R5 million, not the R3 million he supposedly signed for.

The court reserved judgment as to whether to allow the audit to be presented as new evidence in a case that has been dragging on for close to seven years.

“I intend to fight this all the way,” says Davenport. “These banks have been getting away with this nonsense for too long. I had to pay R17,000 for the audit but it was worth it, since it provides proof that the bank has in fact been securitising mortgage loans and then coming after property owners when they have no right to.”

Securitisation audits are a new development in South Africa, but are common in the US. They effectively carry the same weight as a financial opinion by a company’s auditor, though the banks are trying to dismiss them as hearsay.

Standard Bank attempted to discredit the audit by Michael Carrigan, a certified mortgage securitisation auditor in the US, who managed to track the chain of title for Davenport’s mortgage bond all the way to Taiwan. The bank referred to Carrigan’s evidence as “speculative at best” and claimed he did not have a grasp of South African law. It then reiterated that his loan had not been securitised.

Carrigan also provided a second audit for another Grahamstown resident, Jay Brown (not his real name), apparently proving that his Standard Bank mortgage loan had ended up with a bank in Thailand. Brown is also defending his property against repossession by the bank.

Bear in mind that the bank in both cases has denied – as all the major banks have done in thousands of other similar cases – that it had not securitised these mortgage bonds. Brown went one step further, by settling his debt to the bank by way of a promissory note of his own – similar to a cheque or bank note – which he claimed is legally permissible in terms of the Bills of Exchange Act.

This is a rather interesting defence first developed in SA by the late John Joubert, who insisted that individuals should issue their own promissory notes in settlement of debts, just as the banks concoct money out of thin air on their computer terminals. Standard Bank has refused to accept Brown’s promissory note.

Davenport has taken a more traditional route, arguing his case based on whatever evidence he can get his hands on. He asked Standard Bank to produce a “wet ink” copy of his mortgage bond and what was produced looked a little strange. The lines, the type face and the signatures did not line up with another copy he had. To all intents and purposes, it looked as if the documents were manufactured after the event, according to Davenport. Like someone had literally cut and pasted sections from one document, pasted them onto another, and then made a photocopy. This made him even more suspicious, even more certain that his mortgage bond had been securitised and the bank was hiding something.

So how did Davenport end up in this position?

The first thing to understand is that he is an eastern Cape farmer with a sharp tongue who doesn’t take kindly to bankers in suits coming to take away a farm that he and his family have been working since 1956. At one time he was the Eastern Cape’s most prominent ostrich farmer. He was exporting his ostrich meat to Europe and making a decent living. In 2004, the Avian flu scare hit SA. A government vet (Davenport calls him a “prick”) was sent down from Pretoria to inspect his birds, and with a wave of his pencil decided they should all be slaughtered.

“What these pricks don’t understand is that the ostriches develop antibodies to the Avian flu virus. Once they have had Avian flu and survived, they are immune against the disease. They will never get it again. So what the vet was picking up was the antibodies, and on this basis he decided my entire flock should be slaughtered.”

Davenport’s trouble all started when a government vet ordered his entire flock of ostriches to be slaughtered, even though the birds were healthy and had no signs of Avian flu. His business destroyed, he was forced to approach the bank for a loan

Overnight, Davenport’s business was destroyed. He was forced to approach Standard Bank and ask for a R3 million overdraft facility. The bank agreed, provided he put up the farm as security.  But this R3 million was getting him nowhere. He swallowed his pride and approached the bank a second time asking for additional credit facilities that would allow him to rebuild his business.

This is when the bank started to get alarmed. When Davenport drew down his facility to R2,6 million to pay his monthly wages and running costs, the bank suddenly froze all his accounts.
Then came the summons for repayment of the loan. Davenport knew nothing about the law, so he sent the summons on to a lawyer friend who did nothing with it. Then the bank got a default judgment against him.

Trouble arrives in the form of a summons

Now he was in trouble. The bank was about to put his farm up on auction for R4 million, when Davenport reckons it is worth R60 million. His mechanic put him in touch with a DIY lawyer who somehow managed to stop the sale at auction.

The bank came back with a second summons. This time he decided he should probably get a proper lawyer, which was when he met Bev Carruthers in Port Elizabeth, who had two days to prepare for his case in the Grahamstown High Court. Carruthers stood before the judge saying she had only just been briefed, and asked for a postponement – which she got.

At the time she knew nothing about securitisation, but Davenport had been reading the material on the New Economic Rights Alliance website and was convinced that his mortgage bond – which the bank alleges had been pledged as security against his R3 million overdraft – had been securitised. The problem with this defence is that the banks, supported by the courts, demand that the borrower provide proof of this. Of course this is impossible. This is analogous to a thief who has made off with your wallet. You catch him after he has disposed of the wallet and he then demands that you provide proof of the whereabouts of the wallet to prove his guilt. Insane, sure, but the courts are buying this.

Then Davenport and Carruthers were introduced to Virtual Velocity, a company that had just started offering securitisation audits in SA. This involves interrogating multiple databases in SA and overseas to track the movement of mortgage loans and the associated mortgage “notes”.

The US-based auditor, Carrigan, is considered a world expert in securitisation, and has testified in close to 3,000 cases in US courts. In both the Davenport and Brown audits, he presented screen shots from the Bloomberg database showing where the “notes” got divorced from the “loans” and where they both ended up.

In his affidavit for Davenport, he testified that the loan ended up with a Special Purpose Vehicle known as Standard Bank of South Africa/ Taipei CBO, Series 2006-1. This is an entirely different legal entity to Standard Bank itself.

The audit shows that Davenport’s mortgage loan has probably ended up in Taiwan

The audit report shows how the securities certificates were divorced from the mortgage loan and ended up in the hands of the investors. The mortgage documents remained with Standard Bank, the securities certificates ended up with the investors and the “borrower funds” ended up with the Land Bank of Taiwan. Carrigan claims in his affidavit, once the Mortgage loan and “note” are divorced from each other, the purported creditor loses all legal right to approach the borrower, and is in fact committing fraud.

The audit – as is the case with any audit, financial or otherwise – is not definitive, but it casts sufficient doubt on Standard Bank’s assertions that the mortgage has not been securitised.

Should Davenport win this round, his matter will go to trial and then the bank will be asked to explain why his loan appears on the Bloomberg database as being owned by a bank in Taiwan. And why Brown’s mortgage loan appears in Thailand.

This, alongside the recent discovery by Adv Douglas Shaw that banks are able to hide their securitisation activities by not reflecting the new owner’s name at the Deeds office, makes for a very interesting battle looming for the banks.

It only takes one case to win, like Davenport’s, and the whole house of cards comes tumbling down. Then come the class action suits.

What Carrigan’s affidavit says

This is a bit technical, but worth repeating here for those following the securitisation argument. Notice how the courts in the US do not recognise any creditor who cannot produce the note alongside the mortgage. And how banks doing this are actually “double dipping” – taking payment twice – which is a fraud. Judges in SA need to start paying attention to this and haul bank executives into court to get to the bottom of this securitisation hall of mirrors.

Carrigan’s affidavit for Ash Davenport says: “The written agreement that created the Standard Bank of South Africa/ Taipei CBO, Series 2006-1 is a ‘Pooling and Servicing Agreement’ (PSA), and is a matter of public record, available on the website of the Securities Exchange Commission (SEC). The Trust is also described in a ‘Prospectus Supplement,’ also available on the SEC website. The Trust by its terms set a “closing date” of on or about TBD (To Be Decided). The promissory note in this case became trust property in compliance with the requirement set forth in the PSA. The Trust agreement is filed under oath with the Securities and Exchange Commission. The acquisition of the assets of the subject Trust and the PSA are governed under the law.

“In view of the foregoing, any Assignment of Mortgage executed after the Trust’s Closing Date would be a void act for the reason that it violated the express terms of the Trust instrument.

“In Carpenter v. Longan 16 Wall. 271,83 U.S. 271, 274, 21 L.Ed. 313 (1872), the U.S. Supreme Court stated ‘The note and mortgage are inseparable; the former as essential, the latter as an incident. An assignment of the note carries the mortgage with it, while assignment of the latter alone is a nullity.’”

“By statute, assignment of the mortgage carries with it the assignment of the debt. Indeed, in the event that a mortgage loan somehow separates interests of the note and the Mortgage, with the Mortgage lying with some independent entity, the mortgage may become unenforceable. The practical effect of splitting the Mortgage from the promissory note is to make it impossible for the holder of the note to foreclose, unless the holder of the Mortgage is the agent of the holder of the note. Without the agency relationship, the person holding only the trust will never experience default because only the holder of the note is entitled to payment of the underlying obligation. The mortgage loan becomes ineffectual when the note holder did not also hold the Mortgage.”

“Generally, if the Mortgage and the Note are not together with the same entity, there can be no legal enforcement of the Note. The Mortgage enforces the Note and provides the capability for the lender to foreclose on the property. Thus, if the Mortgage and the Note are separated, foreclosure legally cannot occur. The Note cannot be enforced by the Mortgage if each contains a different mortgagee/beneficiary; and, if the Mortgage is not itself a legally enforceable instrument, there can be no valid foreclosure on the homeowners’ property.”

“No Entity can be a creditor if they do not hold/own the asset in question (i.e. the NOTE and/or the property); a Mortgage Pass Through Trust (i.e. R.E.M.I.C., as defined in Title 26, Subtitle A, Chapter 1, Subchapter M, Part II §§ 850-862) cannot hold assets, for if they do, their tax exempt status is violated and the Trust itself is void ab initio. This is an indication that either the Trust has either voided its intended Tax Free Status, or the asset is not in fact owned by it.

“In the event that the loan was sold, pooled and turned into a security, such event would indicate that the alleged holder can no longer claim that it is a real party of interest, as the original lender has been paid in full.

“Further said, once the Note was converted into a stock, or stock equivalent, that event would indicate that the Note is no longer a Note. If both the Note and the stock, or stock equivalent, exist at the same time, that is known as double dipping. Double dipping is a form of securities fraud.

“Once a loan has been securitized, which the aforementioned loan may have been done many times, that event would indicate that the loan forever loses its security component (i.e., the Mortgage), and the right to foreclose through the Mortgage is forever lost.”

 

The tide is turning against the banks – Part 1

South Africa’s courts have traditionally weighed in on the side of the banks when it comes to home repossession, even though the loans have been securitised and are now under new ownership. When asked to produce the original mortgage documents signed by the borrower, the banks often claim they have been “lost in a fire.” But the tide is turning against the banks, says consumer lawyer, Robyn Zimmerman. In this two-part interview, she explains how the courts have applied different standards of evidence when it comes to banks, while consumers get the short end of the stick. The good news is that courts are gaining a better understanding of consumer law, all of which is leading up to a titanic class action suit against the banks. Pull up a chair and grab the soda, folks, this is getting interesting. 

Robyn Zimmerman is a Cape Town-based consumer lawyer who recently came to national prominence after appearing on two SABC documentaries on “Securitisation” (the process whereby bank loans are bundled together and on-sold to third parties, and then traded on the stock exchange for profit). She represents several clients whose homes and properties have been repossessed by the banks in highly controversial circumstances.  One of her clients is Zulfa Samsodien, who successfully defended her property from bank repossession in a Cape High Court case against First National Bank (FNB) in 2008, on the grounds that FNB had securitised the home loan and had therefore had no legal standing to bring action in this case. The Samsodiens were subsequently sequestrated – again under highly controversial circumstances – and Robyn is advising in an appeal against the sequestration order. The legal ramifications of securitisation and other questionable bank practices hold huge import for all South Africans. We asked Robyn to share some of her insights in this two-part interview.

Acts: Robyn, thanks for talking to us. Please tell us a bit about yourself and how you got into consumer law. 

My background is in litigation and conveyancing, previously for the banks, as a director at two medium-sized legal practices. I subsequently left the “dark side” and established a practice which fights for the financial well being of any family unit, with my partner and husband.  We are both certified to practice in both the lower and higher courts. We litigate extensively and our areas of expertise naturally became focussed and specialised in consumer law and consumer credit law as a result of our extensive litigation against the banks encompassing over 1,800 cases in the last four years.

Acts: The SABC documentaries on the subject of “securitisation” have elevated the national debate on this issue to unprecedented levels. There seems to be a growing awareness around the world on the subject of securitisation, with banks being forced by courts in the US to pay out huge sums of money to borrowers whose homes had been fraudulently or illegally repossessed. Can you explain briefly what securitisation is, and how does it affect a home owner?

There are two types of securitisation:

  1. Traditional securitisation – which is fairly easy to prove – in which the bank sells its debt to a company that trades with that debt on (stock) exchanges.  The bank loses its ownership in the debt in this instance and depending upon whether the purchaser of this debt complies with consumer (and other) law, the debt may be reduced to the capital amount, or be written off in particular circumstances. It’s extremely easy for us to determine and prove whether a mortgage loan has been securitised in this way. But it is difficult for us to prove securitisation of other loans as these cessions are not registered at the Deeds Registry.
  2. Synthetic securitisation was developed, in my opinion, due to the problems encountered with traditional securitisation, and is extremely hard to prove. Although we know the banks still securitises their debt, they now do so synthetically in which they trade in the derivatives of the loan (interest and cost of credit) and not the loan itself. Depending upon which vehicles the banks employ and whether these vehicles comply with the consumer legislation in conjunction with the bank, the consequences are similar.

It is, however extremely difficult for us to determine and prove synthetic securitisation. We recommend that the Consumer Commission investigate both issues and deliver an outcome therein.

Since the above trade is concealed and hidden from the consumer for what we assume is the financial gain of the banks, and since it is my belief that consumers are harmed by this conduct, the Commission has jurisdiction to investigate and decide upon this issues.

The problem that exists with the Commission, aside from suffering under huge administrative issues, is that where the bank employs attorneys and counsel (that are) educated, experienced and equipped to deal with these matters, the consumers are not allowed legal representation, nor is any representative or attorney allowed to receive remuneration for the endeavours with the Commission.  The scales of justice are against the consumer the moment they file a complaint. I find the Commission’s conduct in their adjudication unconstitutional and lacking in just administrative action.

Acts: Can we pick up on the subject of fires. Several banks have sought and obtained judgment against defaulting home owners, yet when asked to produce evidence of the original mortgage note signed by the borrower, they have claimed they were destroyed in a fire, or otherwise lost.  What advice do you have for someone facing repossession by one of the banks, when the bank is unable to show the original mortgage note?

In theory, I love the laws of our country, its jurisprudence and the systems we employ to render justice. My problem with the judiciary – although I see a trend in judgments that this is slowly changing – is their passion to assert the rule of law when it comes to the banks, and their dispassion to assert it when it comes to consumers. I have often sat in the High Court to hear a judge bark at an unrepresented consumer: “Do you owe the money?”, with the advocate for the bank confirming and asserting its debt. At the same time the consumers do not know what defences are available to them and surely do not know the information to which they are entitled.  With banks’ counsel and attorneys convincing the courts that the only issue is whether the consumer owes the money, we have very bad consumer common law currently in existence. There is little or no account for the rule of law in our country.

I have not seen one original document in my time litigating against the banks.  But should the consumer file a copy of their opposing affidavits or pleas at court, they would need to explain why the original is not before the court. This is correct and so should it be required for the bank to adequately explain the loss of the original. Truthfully, transparently and openly.  The problem with the fire is that all the evidence related thereto is once again concealed by the bank.  Security documents are generally barcoded so they can be tracked. Upon conducting inventory of the lost facilities (due to fire) in 2009 and now again 2013, the banks were obliged to contact their registering attorneys, to supply them with a full copy of their security documents containing the signatures. To my knowledge the bank has not done so. Security documents are also stored in fire-proof cabinets, therefore an explanation of how they then become destroyed must also be tendered.

However at the end of the day, should the judge feel that the defences that you raise, or that your disputes are without merit, they will decide – departing from the rule of law – against you. Where I would agree to such a departure upon exception, the higher courts have employed this departure to such an extent that there is little or no rule of law in consumer credit litigation. This opens the entire system open to abuse, by credit providers who constantly push parameters to make litigation easier for themselves.

On this issue we have been deeply disappointed by the judicial system.

Unfortunately, it is extremely unlikely that you will be heard if you do not have an experienced attorney to guide you.  Sometimes consumers need to accept when they do not have a case.  Sometimes they need to be encouraged to persevere where they do.  Some consumers are equipped enough to make the correct decision.  Most are not.

Litigation in the high court can be accessible, if your attorneys are experienced and certified to deal with the matter without the need for counsel.  It is the additional expense of counsel that consumers can often not afford. So I would ask consumers to request from the law societies a list of the attorneys so equipped to deal with matters to ensure that legal costs are kept to a minimum.

Acts: If the bank is unable to produce the original “wet ink” mortgage note signed by the borrower when the mortgage loan was taken out, does this constitute grounds to ask the court to throw out the case? 

The Bank would then need to authenticate the documents it seeks to use in its case. Where there is a good faith and/or factual dispute, the matter will continue to trial for evidence related thereto.

Acts: It seems judges are all too willing to believe the banks when they say the original documents have gone missing. You have made the point that a bank cannot calculate the final balance owed by the defaulting borrower without this original mortgage note. Why is this? Surely an electronic copy will do?

The agreement entered into between the parties is of importance. The mortgage bond merely embodies the security for the indebtedness derived from the loan agreement. The original of both is required in terms of the rule of law. Copies of both may be accepted, dependent upon whether there is a dispute of fact pertaining to the contents of the copy or the signatures, the matter may be referred for oral evidence or trial.

This would critically depend upon how your defence is constructed and what your defence is, and what avenues of consumer law you are seeking to employ, etc.  In the construction of your defence you must be careful not to inadvertently admit to something which will prove the case against you. The Plaintiff or bank bears the onus of proving their case, so be careful not to acknowledge or admit anything which relieves them of this onus.

To be continued in Part 2.

Lodge a complaint with the Consumer Commission

You can lodge a complaint with the Consumer Commission at:  complaints@thencc.org.za or NNetshitomboni@thencc.co.za.

http://news.acts.co.za/blog/2013/10/the-tide-is-turning-against-the-banks-part-1

Related stories:
Is this the biggest fraud in history?
Judgment opens up a world of trouble for the banks
New Economic Rights Alliance brings heat to the banks

German Chancellor Angela Merkel’s Cabinet Officially Resigns 2013-10-23

germanmerkelresigns

German Chancellor Angela Merkel (2nd R) receives dismissal documents from German President Joachim Gauck (1st R) during the resignation ceremony at the Bellevue Presidential palace, Berlin, Germany, on Oct. 22, 2013. German Chancellor Angela Merkel’s cabinet was officially resigned Tuesday. [Photo: Xinhua/Zhang Fan]

http://english.cri.cn/11354/2013/10/23/2361s793780.htm