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Archive for the ‘Federal Reserve Board’ Category

AMERICAN ANALYST PREDICTS DECLINE AND BREAKUP OF CITY OF LONDON

Monday, December 1st, 2008

A leading American political analyst has said the economic turmoil in the City of London has confirmed her long-held view that the central bank is heading for collapse, and will be taken over by its creditors.   

 

American Legal Analyst, Susan Allen said in an post to the respected Boston Globe on Tuesday: “We shall restore health to this nation’s economy by minting hard currency, restoring funding to state militias, and by reducing funding to secondary intelligence agencies.”  Susan Allen’s predictions for the recovery of the U.S. economy, initially made at a conference in Boston, MA one year ago at a time when the economy appeared strong, have been given more credence by the United States’ military strength, and abundance of natural resources.        

When asked when the U.S. economy would recover, Allen said: “Once the central bank’s counterfeiting operations are exposed as allowing private bankers to pay for goods of greater value, with notes of zero value, in violation of U.S. commerce laws, the deficit will be voided, the deficit will be transfered to the central bank, and U.S. taxpayers shall be paid back their unlawfully appropriated taxes in gold and silver.

If upon inspection, U.S. auditors find the central bank overextended to the state of insolvency, the U.S. Treasury will have to foreclose on the homes of central bankers with the assistance of U.S. Peacekeepers.   With the restoration of hard currency into circulation throughout the United States banking system, the voiding of the deficit, and the potential of increased land acquisitions within the City of London, the U.S. will be well on the on the road to recovery. 

Therefore, the sooner bank circulation of counterfeit currency ceases under the auspices of an over-extended foreign central bank, the better.  The good news is, due to the financial crisis, three of the largest counterfeiting establishments on Wall Street have already ceased to exist, and two more are barely surviving. With the public trust in paper money gone, Allen predicts a return to a sound Independent U.S. Treasury system using silver and gold specie and certificates on a national scale. 

 

When asked who would replace the U.S. tax dollars for overseas investors to gamble with in world markets, she said: “No country should assume this role: neither China, with its vast reserves, nor Russia, with its unstable economy should be expected to play the role of market regulator in Eurasia, especially given their real expectation of moving into hard currency as well when insolvency within the central bank is exposed.” 

 

Asked why she expected the City of London’s financial center to taken over by creditors, she said: “A whole range of reasons.  Firstly, people are becoming aware that bankers within the City of London have been counterfeiting U.S. currency.  Millions of U.S. citizens there have lost their homes, jobs and savings as a result.   Rising prices and unemployment, combined with the reduced availability of commercial paper, has resulted in an increased demand for hard currency, leaving the over-extended central bank on the verge of collapse. 

 

U.S. stockbrokers have been deluged with orders for gold and silver, prices of these metals have been rising and dissatisfaction is growing.  At the moment it is only being held back by the elections and the hope that a new administration might be able to work a miracle.  By spring however, it will be clear that a miracle can only be realized by a return to hard currency.    


She also cited the “City of London’s vulnerability, long history of illicit counterfeiting, discontent of U.S. creditors and divisions among the elite, which have become clear in these crisis conditions.  She predicted that when U.S. citizens successfully boycott Federal Reserve notes and demand payment in hard currency, the City of London will be taken over by its creditors, and the insolvency which, began in 1913 will cease to exist.

 

Susan Allen, 52, is a Legal Analyst at Citizens for Equal Opportunity and has authored several articles on the need for re-circulation of legal tender backed by U.S. Peacekeepers throughout the banking system. 

 

 
 

 

 

 

 

Judge rules foreclosures illegal: Banks lack real consideration

Tuesday, October 28th, 2008

This article was written by Ellen Brown, July 3rd, 2007.  It’s a powerful case documenting that banks have no legal standing to foreclose on people’s homes lacking having made real consideration in the loan.  

First National Bank of Montgomery vs. Daly (1969)

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http://www.webofdebt.com/articles/dollar-deception.php

Excerpts:

First National Bank of Montgomery vs. Daly (1969) was a courtroom
drama worthy of a movie script.3

Defendant Jerome Daly opposed the bank’s foreclosure on his $14,000
home mortgage loan on the ground that there was no consideration for
the loan. “Consideration” (“the thing exchanged”) is an essential
element of a contract.

Daly, an attorney representing himself, argued that the bank had put
up no real money for his loan. The courtroom proceedings were
recorded by Associate Justice Bill Drexler, whose chief role, he
said, was to keep order in a highly charged courtroom where the
attorneys were threatening a fist fight.

Drexler hadn’t given much credence to the theory of the defense,
until Mr. Morgan, the bank’s president, took the stand.

To everyone’s surprise, Morgan admitted that the bank routinely
created money “out of thin air” for its loans, and that this was
standard banking practice. “It sounds like fraud to me,” intoned
Presiding Justice Martin Mahoney amid nods from the jurors. In his
court memorandum, Justice Mahoney stated:

Plaintiff admitted that it, in combination with the Federal Reserve
Bank of Minneapolis, . . . did create the entire $14,000.00 in money
and credit upon its own books by bookkeeping entry. That this was
the consideration used to support the Note dated May 8, 1964 and the
Mortgage of the same date. The money and credit first came into
existence when they created it. Mr. Morgan admitted that no United
States Law or Statute existed which gave him the right to do this. A
lawful consideration must exist and be tendered to support the Note.

The court rejected the bank’s claim for foreclosure, and the
defendant kept his house. To Daly, the implications were enormous.
If bankers were indeed extending credit without consideration –
without backing their loans with money they actually had in their
vaults and were entitled to lend – a decision declaring their loans
void could topple the power base of the world. He wrote in a local
news article:

This decision, which is legally sound, has the effect of declaring
all private mortgages on real and personal property, and all U.S.
and State bonds held by the Federal Reserve, National and State
banks to be null and void. This amounts to an emancipation of this
Nation from personal, national and state debt purportedly owed to
this banking system. Every American owes it to himself . . . to
study this decision very carefully . . . for upon it hangs the
question of freedom or slavery.

The creation of money has been privatized, usurped from Congress by
a private banking cartel. Most people think money is issued by fiat
by the government, but that is not the case. Except for coins, which
compose only about one one-thousandth of the total U.S. money
supply, all of our money is now created by banks. Federal Reserve
Notes (dollar bills) are issued by the Federal Reserve, a private
banking corporation, and lent to the government.1 Moreover, Federal
Reserve Notes and coins together compose less than 3 percent of the
money supply. The other 97 percent is created by commercial banks as
loans.2

Don’t believe banks create the money they lend? Neither did the jury
in a landmark Minnesota case, until they heard the
evidence.http://www.webofdebt.com/articles/dollar-deception.php

Congress’ 700 Billion Bailout Unlawful Without 3/4 States Ratification

Thursday, October 2nd, 2008

The proposed 700 billion bailout offer is unacceptable because it violates Constitutional law.   Amendment 5 states that private property can’t be taken for public use without just compensation.    Due to Congress’ failure to protect the financial interests of U.S. citizens, it’s time U.S. citizens began exercising their Consitutional rights to purchase and use silver and gold coins, i.e.,  from dealers, as currency. 

It is advisable that U.S. citizens immediately get moving to create 100% reserve banking systems, reject zero reserve notes, and indict those who aide and abet members of international counterfeit rings.  Federal Reserve notes aren’t worth the cotton they’re printed on.  However, this cotton ball currency is ”backed” by us, largely, through the graduated income tax, which is why the globalists are likely so dead set on U.S. citizens picking up the tab on their bad debts before the neocons leave office.  If you support returning to a British system of taxation without representation, do nothing.  Remember, good money drives out bad.  Use hard currency and watch blue bloods expire from lack of hot air.   

Banking Fraud Within the Federal Reserve Board

Saturday, June 7th, 2008
Banking Fraud Within the Federal Reserve Board
The Federal Reserve Board lends banks paper, but requires interest payments in gold.

June 1, 2008
Dear Representative Frank, Chair. House Financial Services Committee:
.
In accordance with your sworn oath, I am again writing to request that you:
.
 ·          Restore the United States Treasury system as a public U.S.
Government office and
.
·          Dissolve the “The Federal Reserve Board,” a privately held
International corporation
.
Article 1, Section 8, Clause 5 requires members of Congress, to coin Money,
regulate the Value thereof, and of foreign Coin, and fix the Standard of
Weights and Measures;
.
Article 1, Section 8, Clause 6 requires members of Congress, to provide for
the Punishment of counterfeiting the Securities and current Coin of the
United States;
.
However, the Federal Reserve Act, §2, 3, currently requires U.S. member
banks to borrow fed paper, but pay back interest in gold.  This violates
Amendment 5, which prohibits the unlawful public taking of property without
just compensation.
.
Our Founders fought the Revolutionary war to free us from foreign abuse.
For Congress to have allowed the reinstatement of that abuse under the color
of law, depriving this nation of its gold reserves in Fort Knox, and
weakening it’s financial standing in the rest of the world is
unconscionable.
.
Again, the Treasury’s Summary of Regulatory Proposal, published March 29,
2008, which proposes  ”a new “global” investment company” to take over
Congress’ regulatory power of tax dollars is unlawful.
.
Article 1, Section 8 does not grant Congress the authority to hand over
control of this country’s financial resources to a foreign power.  U.S.
citizens should not have had to pay tax dollars to enrich foreign coffers.
That members of Congress have allowed such depravity is appalling.
.
 The Federal Reserve Act violates numerous constitutional laws.  In
accordance with Article 5, and the Supremacy clause from Article 6, the
Constitution is the Supreme law of the land, valid to all intents and
purposes, any thing in the law to the contrary is not with standing.
Therefore, We the People declare the Federal Reserve Act null and void and
demand that our lawful U.S. Treasury System be put back in the public
domain.
.
Passage of the Federal Reserve Act was an act of terrorism causing people to
lose their livelihoods, homes, and ability to feed their families.  This
abuse continues today.    In 1913, the United States lost the Revolutionary
War.  It’s time we took our country back from the grip of oppression.
.
Due to your failure to address this matter sufficiently, I will be
proceeding with a complaint against you with the District of Columbia,
Metropolitan Police Department on charges of Grand Theft Larceny, Breach of
the Peace and High Treason.  Either the designated officers do their jobs,
or I will file charges against them.  We have exercised all other options.
Now it is the time to take this needed step.    Expectedly, others will join
in.   We have the legal right to be protected from official abuse.
.
The desire for freedom burns in this nation’s soul.  That fire is stronger
than any weaponry, surveillance system or oppressive regime.    When the
world learns that U.S. citizens are demanding the arrest of their elected
criminals, watch as honest souls everywhere rise up and demand the same
thing.     I close with the words of New Hampshire’s motto, “Live free or
die.”
Sincerely,
Susan Allen,  M.Ed.

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Alert Congress: End Banking Fraud Within the Federal Reserve Board