With the advent of the web in the eighties and information no longer being restricted to well-managed sources one of many things that I discovered was the information about the way in which money works on this world. We’ve all heard the assorted sayings about 5% of the world’s population holding 95% of the world’s wealth but not many are certain how and why this is our reality.
Doing some online analysis about what is cash and the way is it created will inevitably lead one to discover the surprisingly fraudulent methods during which banks create cash and make loans. Because the world’s banking programs, as they exist now, continue to cause ache and suffering in technology after generation of mankind I consider this insidious “con-job” of a banking and financial system to be the best crime in opposition to humanity.
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Rather than re-iterate the best way money should work and the best way it does work and somewhat than re-write the benefits and disadvantages of Monetary REFORM I urge you to view the various hubpages and online supplies to coach your self. One side of the Zeitgeist film I want to devote this hubpage to is referred to because the “Credit River Decision” or the case of Jerome Daly vs the state of Wisconsin.
In this case Jerome Daly defended himself in opposition to a lawsuit introduced by a financial institution holding the mortgage on his home. Mr. Daly had defaulted on the mortgage and the bank was suing to foreclose and take his home. Unfortunately for the bank, even thought it was 1969 and all good little citizens have been doing as they were told, by no means daring to query any kind of authority, Mr. Daly was well educated in the way in which banks create cash.
Mr. Daly knew that when a financial institution makes a mortgage, it immediately creates cash by the stroke of a pen in a ledger, which then is transferred to the borrower’s account. Mr. Daly, additionally being a lawyer knew very nicely concerning the “Law of Consideration” meaning, essentially, that a contract was null and void if each parties aren’t exchanging one thing of inherent worth.
Justice Martin V. Mahoney ruled in opposition to the bank and denied the foreclosure. Mr. Daly kept his home and paid no more mortgage. Six months later Justice Mahoney was found useless (allegedly by poison) and Mr. Daly was disbarred and by no means practiced legislation again. It actually sucks that anytime anyone tries to establish this drawback, this crime that these banker-criminal-devil-jerks have been perpetuating for the last few hundred years they are quickly silenced.
Abraham Lincoln tried to cease it. They killed him. John Kennedy tried to cease it. So we’re beat. There’s nothing we are able to do. I can think about a world during which the monetary system benefits ALL of humanity. Are you able to think about this? Here is a brief summary of the facts.
Jerome Daly had a mortgage with the primary National Bank of Montgomery , Minnesota . The bank sued for possession. The bank’s president, one Lawrence V. Morgan (acquainted identify?) appeared along with lawyer R. Melby for the plaintiff and Jerome Daly, who was a lawyer, appeared on his personal behalf. I do not Should Pay My Mortgage? What Happened Next – Can You utilize This Defense? I have investigated the Jerome Daly case and what I discovered was just as attention-grabbing as the outcome. The entire case was based mostly on attempting to expose the scam we call mortgage loans.