money used to require gold, then paper and ink now you can do it digitally

international | crime and justice | news report Wednesday June 29, 2005 04:01 by money does grow on trees citizeneducation at yahoo dot co dot uk

financial institutions are engaged in illegal creation of money

“The issue which has swept down the centuries and which will have to be fought sooner or later is The People vs. The Banks.” - Lord Acton, Historian, 1834 - 1902

Perhaps after our week of "Drop the Debt" we can have a week of "Cut the Bullshit" and talk about a really fundamental issue:

---DEBT IS SLAVERY---

---our government gives banks licences to make us slaves---


Contact:John R. Dempsey
 E-Mail: classaction_cpa@hotmail.com
http://www.freewebs.com/classaction/


April 15, 2005
FOR IMMEDIATE RELEASE
New Westminster, B.C., April 15, 2005.  John Ruiz Dempsey BSCr, LL.B, a criminologist and forensic litigation specialist filed a class action suit on behalf of the People of Canada alleging that financial institutions are engaged in illegal creation of money. The complaint filed Friday April 15, 2005 in the Supreme Court of British Columbia at New Westminster, alleges that all financial institutions who are in the business of lending money have engaged in a deliberate scheme to defraud the borrowers by lending non-existent money which are illegally created by the financial institutions out of “thin air.” Dempsey claims that  creation of money out of nothing is ultra vires these defendants’ charter or granted corporate power and therefore void and all monies loaned under false pretence contravenes the Criminal Code.  The suit which is the first of its kind ever filed in Canada which could involve millions of Canadians alleges that the contracts entered into between the People (“the borrowers”) and the financial institutions were void or voidable and have no force and effect due to anticipated breach and for non-disclosure of material facts. Dempsey says the transactions constitutes counterfeiting and money laundering in that the source of money, if money was indeed advanced by the defendants and deposited into the borrowers’ accounts, could not be traced, nor could not be explained or accounted for.

The suit names Envision Credit Union (“Envision”), a credit union; Laurentian Bank of Canada (“Laurentian Bank”), Royal Bank of Canada (“Royal Bank”), Canadian Imperial Bank of Commerce (“CIBC”), Bank of Montreal (“BOM”), TD Canada Trust (“Canada Trust”) and Canadian Payment Association (“CPA”) as civil conspirators. The plaintiff in the lawsuit is seeking recovery of money and property that was lost by way of confiscation through illegal “debt” collection and foreclosure. The Plaintiff is also seeking for the return of the equities which rightfully belongs to the People of Canada, now being held by the defendant financial institutions as constructive trustees without color of right.

At all material times, these defendant banks and all of them have no legal standing to lend any money to borrowers, because: 1) these banks and credit unions did not have the money to lend, and therefore they did not have any capacity to enter into a binding contract; 2)  the defendants did not have any cash reserve, they are not legally permitted to lend their depositor’s or member’s money without expressed written authorization form the depositors, and: 3)  the defendants have no tangible assets of their own to lend and all their “assets” are “paper assets” which are mainly in the form of “receivables” created by them out of “thin air,” derived out of loans whereas the monies loaned out were also created out of thin air. Other than bookkeeping and computer entries, no money or substance of any value was loaned by the defendants to the Plaintiff. In all of the loan transactions entered into between the Plaintiff and the Defendants, the financial institutions did not bring any equity to any of the transaction. All the equities were provided by the borrowers. The practices of the defendant financial institutions alleged in the complaint starkly contrast the practices of responsible and ethical money lenders who actually lend real, tangible, legal tender cash money. The complaint alleges that the loan transactions are fraudulent because no value was ever imparted by the defendants to the Plaintiff; these defendants did not risk anything, nor lost anything and never would have lost anything under any circumstances and therefore no lien has been perfected according to law and equity against the Plaintiff. The foreclosure proceedings which comes as a result of the borrower defaulting on such fraudulent loans were carried out in bad faith by the defendant banks and credit unions, and as such, these foreclosures were in every respect unlawful acts of conversion and unlawful seizure of property without due process of law which always results in the unjust enrichment of the defendants. The suit alleges that the defendants utilize fraudulent banking practices whereby they deceive customers into believing that they are actually receiving “credit” or money when in fact no actual money is being loaned to their customers. However, the complaint describes a practice whereby there is realistically no money other than ledger or computer entries being loaned to the borrowers. Rather than real money being received by the borrowers, “electronic” or “digitally created money”, created out of nothing, at no cost to the financial institutions are entered as “loans” into their customers’ accounts. The borrowers are then required to pay criminal interest rates for the money they never received. The suit alleges that the defendants effectively turn consumers into virtual debt slaves, forcing them to pay for something they never received, and then seizing their properties if they can no longer pay the banks with real money.

There is no law in Canada that could remotely suggest that the defendant financial institutions have the legal right to create money out of nothing. Dempsey says: “only God has the power to create anything out of nothing.” The class action suit, the first and the biggest of its kind in Canada is intended to give the justice system the opportunity to prove itself to the People of Canada who is really in control or whether they would continue to allow itself to be used by the banks as a tool in their unlawful and fraudulent banking practices which always ends in the enslavement of the people and confiscation of the people’s properties.

Two other class action suits were filed by John Ruiz Dempsey against the banks. The first one was filed by Dempsey on behalf of Ian Dennis Gravlin of Calgary, Alberta and Pavel Darmantchev of Kelowna, B.C. versus the Canadian Imperial Bank of Commerce. This matter is set for case management conference hearing on April 26, 2005. The Plaintiffs expects a stiff opposition from the defendant’s law firm. Madam Justice Garson is the case management judge assigned to the case.

A second class action suit was filed against MBNA CANADA BANK on behalf of Pavel Darmantchev of Kelowna, B.C., Ian Dennis Gravlin of Calgary, Alberta and Dena Alden of Vancouver, B.C.

http://www.freewebs.com/classaction/People's SOC.doc




THE ULTRA MIFF

JOHN DEMPSEY AND LOVEY CRIDGE TEAMED UP TO FILE THE BIGGEST TAX FRAUD CLASS ACTION SUIT AGAINST HER MAJESTY THE QUEEN IN THE RIGHT OF CANADA (THE CANADIAN GOVERNMENT)...THE BOGUS INCOME TAX ACT CASE.    "And you shall know the truth and the truth shall set you free." John 8:32

See press release @ http://www.freewebs.com/classaction/johndempsey.htm "THE ULTRA MIFF"




The Banker's Manifesto of 1892

Revealed by US Congressman Charles A. Lindbergh, SR from Minnesota before the US Congress sometime during his term of office between the years of 1907 and 1917 to warn the citizens.

"We (bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.

The Farmers Alliance and Knights of Labor organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them.

At the coming Omaha Convention to be held July 4th (1892), our men must attend and direct its movement, or else there will be set on foot such antagonism to our designs as may require force to overcome. This at the present time wourld be premature. We are not yet ready for such a crisis. Capital must protect itself in every possible manner through combination ( conspiracy) and legislation.

The courts must be called to our aid, debts must be collected, bonds and mortgages forclosed as rapidly as possible.

When through the process of the law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers. People without homes will not quarrel with their leaders.

History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.

The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.

By thus dividing voters, we can get them to expand their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete action, we can secure all that has been so generously planned and successfully accomplished."

Please read "Behind the Scenes Lurks the Banks." and other interesting materials: http://www.wealth4freedom.com/truth/chapter2.htm

http://www.themoneymasters.com/

Banks and Judges in Australia by John Wilson: http://www.rightsandwrong.com.au/

SECRET LAWS http://www.adacan.com/secretlaws.html




IN MEMORIAM

John Fitzgerald Kennedy

 Thirty-Fifth President
1961-1963

Born: May 29, 1917 in Brookline, Massachusetts

Died: November 22, 1963. Killed by an assassin's bullet in Dallas, Texas

On November 22, 1963, when he was hardly past his first thousand days in office, John Fitzgerald Kennedy was killed by an assassin's bullets as his motorcade wound through Dallas, Texas. Kennedy was the youngest man elected President; he was the youngest to die.

Of Irish descent, he was born in Brookline, Massachusetts, on May 29, 1917. Graduating from Harvard in 1940, he entered the Navy. In 1943, when his PT boat was rammed and sunk by a Japanese destroyer, Kennedy, despite grave injuries, led the survivors through perilous waters to safety.

Back from the war, he became a Democratic Congressman from the Boston area, advancing in 1953 to the Senate. He married Jacqueline Bouvier on September 12, 1953. In 1955, while recuperating from a back operation, he wrote Profiles in Courage, which won the Pulitzer Prize in history.

JFK vs. Federal Reserve

From: Catherick@aol.com


On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed by President John Fitzgerald Kennedy with the intention to strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. This matter has been exhaustively researched by the Christian Common Law Institute through the Federal Register and Library of Congress, and the Institute has conclude that President Kennedy's Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.


When John Fitzgerald Kennedy, author of Profiles in Courage, signed this Order, it returned to the federal government, specifically to the Treasury Department, the Constitutional power to create and issue currency -- money -- without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury" [the full text is displayed below]. This means that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation based on the silver bullion physically held therein. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. Although $10 and $20 United States Notes were never circulated, they were being printed by the Treasury Department when Kennedy was assassinated.


Certainly it's obvious that President Kennedy knew that the Federal Reserve Notes being circulated as "legal currency" were contrary to the Constitution of the United States, which calls for issuance of "United States Notes" as interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. Comparing a "Federal Reserve Note" issued from the private central bank of the United States (i.e., the Federal Reserve Bank a/k/a Federal Reserve System), with a "United States Note" from the U.S. Treasury (as issued by President Kennedy's Executive Order), the two almost look alike, except one says "Federal Reserve Note" on the top while the other says "United States Note". In addition, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number. Following President Kennedy's assassination on November 22, 1963, the United States Notes he had issued were immediately taken out of circulation, and Federal Reserve Notes continued to serve as the "legal currency" of the nation.


Kennedy knew that if the silver-backed United States Notes were widely circulated, they would eliminated the demand for Federal Reserve Notes. This is a simple matter of economics. USNs were backed by silver and FRNs were (still are) backed by nothing of intrinsic value. As a result of Executive Order 11110, the national debt would have prevented from reaching its current level (almost all of the $9 trillion in federal debt has been created since 1963). Executive Order 11110 also granted the U.S. Government the power to repay past debt without further borrowing from the privately owned Federal Reserve which charged both principle and interest and all new "money" it "created." Finally, Executive Order 11110 gave the U.S.A. the ability to create its own money backed by silver, again giving money real value.
Perhaps President Kennedy's assassination was a warning to future presidents not to interfere with the private Federal Reserve's control over the creation of money. For, with true courage, JFK had boldly challenged the two most successful vehicles that have ever been used to drive up debt: 1) war (i.e., the Vietnam war); and, 2) the creation of money by a privately owned central bank. His efforts to have all U.S. troops out of Vietnam by 1965 combined with Executive Order 11110 would have destroyed the profits and control of the private Federal Reserve Bank.

Executive Order 11110, the AMENDMENT of EXECUTIVE ORDER No. 10289, as amended RELATING to the PERFORMANCE of CERTAIN FUNCTIONS AFFECTING the DEPARTMENT of the TREASURY:

By virtue of the authority vested in me by section 301 of Title 3 of the United States Code, it is ordered as follows:

SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended (a) By adding at the end of paragraph 1 thereof the following subparagraph (j): "(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption," and (b) By revoking subparagraphs (b) and (c) of paragraph 2 thereof.
SECTION 2. The amendment made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.
JOHN F. KENNEDY
THE WHITE HOUSE,
June 4, 1963

As said, Executive Order 11110 is still valid. According to Title 3, United States Code, Section 301 dated January 26, 1998: Executive Order (EO) 10289 dated Sept. 17, 1951, 16 F.R. 9499, was as amended by:

EO 10583, dated December 18, 1954, 19 F.R. 8725;
EO 10882 dated July 18, 1960, 25 F.R. 6869;
EO 11110 dated June 4, 1963, 28 F.R. 5605;
EO 11825 dated December 31, 1974, 40 F.R. 1003;
EO 12608 dated September 9, 1987, 52 F.R. 34617

The 1974 and 1987 amendments, added after Kennedy's 1963 amendment, did not change or alter any part of Kennedy's EO 11110. A search of Clinton's 1998 and 1999 EO's and Presidential Directives has shown no reference to any alterations, suspensions, or changes to EO 11110.
The Federal Reserve Bank, a.k.a Federal Reserve System, is a Private Corporation. Black's Law Dictionary defines the "Federal Reserve System" as: "Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves." privately owned banks own the stock of the FED. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said: "Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stockholding commercial banks elect two-thirds of each Bank's nine member board of directors." In short, Federal Reserve Banks are locally controlled by their member banks.


Also, according to Black's Law Dictionary, these privately owned banks are "allowed" to issue money: "The Federal Reserve Act, created Federal Reserve banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks as administered by Federal Reserve Board (q.v.)." Thus the privately owned Federal Reserve (FED) banks are allowed to actually issue (create) the "money" we use.
In 1964, the House Committee on Banking and Currency, Subcommittee on Domestic Finance, at the second session of the 88th Congress, put out a study entitled Money Facts which contains a good description of what the FED is: "The Federal Reserve is a total moneymaking machine. It can issue money or checks. And it never has a problem of making its checks good because it can obtain the $5 and $10 bills necessary to cover its check simply by asking the Treasury Department's Bureau of Engraving to print them." Any one person or any closely knit group that has a lot of money has a lot of power. Imagine a group of people with the power to create money. Imagine the power these people would have. This is exactly what the privately owned FED is!



No man did more to expose the power of the FED than Louis T. McFadden, who was the Chairman of the House Banking Committee back in the 1930s. In describing the FED, he remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932:

Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it.

Some people think the Federal Reserve Banks are United States Government institutions. They are not Government institutions, departments, or agencies. They are private credit monopolies, which prey upon the people of the United States for the benefit of themselves and their foreign customers. Those 12 private credit monopolies were deceitfully placed upon this country by bankers who came here from Europe and who repaid us for our hospitality by undermining our American institutions.


The FED basically works like this: The government granted its power to create money to the FED banks. They create money, then loan it back to the government charging interest. The government levies income taxes to pay the interest on the debt. On this point, it's interesting to note that the Federal Reserve Act and the sixteenth amendment, which gave congress the power to collect income taxes, were both passed in 1913. The incredible power of the FED over the economy is universally admitted. Some people, especially in the banking and academic communities, support it. On the other hand, there are those like President John F. Kennedy, that have spoken out against it. His efforts were lauded about in Jim Marrs' 1990 book Crossfire:

Another overlooked aspect of Kennedy's attempt to reform American society involves money. Kennedy apparently reasoned that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. He moved in this area on June 4, 1963, by signing Executive Order 11110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System. That same day, Kennedy signed a bill changing the backing of one and two dollar bills from silver to gold, adding strength to the weakened U.S. currency.

Kennedy's comptroller of the currency, James J. Saxon, had been at odds with the powerful Federal Reserve Board for some time, encouraging broader investment and lending powers for banks that were not part of the Federal Reserve system. Saxon also had decided that non-Reserve banks could underwrite general obligation bonds, again weakening the dominant Federal Reserve banks."

In a speech made to Columbia University on Nov. 12, 1963, ten days before his assassination, President John Fitzgerald Kennedy said: "The high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizen of this plight." In this matter, John Fitzgerald Kennedy appears to be the subject of his own book... a true Profile of Courage. According to the Constitution of the United States, (Article 1 Section 8), only Congress has the authority to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures. However, since 1913 this Article has been ignored by creation and existence of the Federal Reserve Act, which has given a private owned corporation the power and authority to "create" and coin the money of United States. The Federal Reserve is comprised of 12 private credit monopolies who have been given the authority to control the supply of the "Federal Reserve Notes," interest rates and all the other monetary and banking phenomena.


The way the Federal Reserve works is this: 12 private credit monopolies "create", (print), Federal Reserve Notes that are then "lent" to the American government. This is a circular affair in that the government grants the FED power to create the money, which the FED then loans back to the government, charging interests. The government levies income taxes to pay the interest on the debt. It is interesting to note that the Federal Reserve Act and the sixteenth amendment which gave congress the power to collect income taxes, were both passed in 1913. The Federal Reserve Notes are not backed by anything of "intrinsic" value. (i.e., gold or silver).


On June 4, 1963, President, John Fitzgerald Kennedy signed a Presidential decree, Executive Order 11110, which stripped the Federal Reserve Banking System of its power to loan money to the United States Federal Government at interest. This decree meant that for every ounce of silver in the U.S. Treasury's vault, the U.S. government could introduce new money into circulation based on the silver bullion physically held therein. As a result, more than $4 trillion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated. Kennedy knew that if the silver backed United States Notes were widely circulated, they would have eliminated the demand for Federal Reserve Notes. By giving the U.S. Treasury the Constitutional authority to coin U.S. money once again, EO 11110 would thus prevent the national debt from rising due to "usury" that the American people are charged for "borrowing" (i.e., using) FRN's.



Kennedy knew that, if Congress coined and regulated money, as the Constitution states, the national debt would be reduced by not paying interest to the 12 credit monopolies. This in itself would have allowed the American people freedom to freely use all the money they have earned, enabling the economy to grow. Now, Executive Order 11110 is still in effect, even though no U.S. President has had the courage to follow it. As Americans, it is our duty to question the Federal Reserve System and the power that we have given it by electing presidents that lack the courage of John Fitzgerald Kennedy.

More on JFK's Executive Order 11110: http://www.rense.com/general44/exec.htm

 


CONGRESSMAN LOUIS MacFADDEN

Let's go to the Congressional Record for the testimony of Congressman Louis T. MacFadden in 1932:


"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known.
I refer to the Federal Reserve Board and the Federal Reserve banks, which have cheated the government and the people of the United States out of enough money to pay the national debt several times over.
This evil institution has impoverished and ruined the people of the United States and has practically bankrupted our government. It has done this through the defects of the law under which it operates, through the government. It has done this through the defects of the law under which it operates, through the maladministration of that law, and through the corrupt practices of the moneyed vultures who control it!

Some people think the Federal Reserve banks are United States government institutions.
They are not!
They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers; and the rich and predatory money lenders. Among those financial pirates, there are those who send money into states to buy votes to control our legislation; and there are those who maintain international propaganda for the purpose of deceiving us and wheedling us into granting new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime. These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by bankers who came here from Europe and repaid our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money. They planned and instigated the Russian Revolution...

In 1912, the National Monetary Association, under the chairmanship of the late Senator Nelson Aldrich, presented a vicious bill called the National Reserve Association Bill. This is usually spoken of as the Aldrich bill although Aldrich did not write the bill.

He was the tool, if not the accomplice, of the European bankers who, for nearly twenty years, had been scheming to set up a central bank in America.
In 1912 they were spending and are continuing to spend vast sums of money to accomplish their purpose.

We were opposed to the Aldrich plan for a central bank. The men who ruled the Democratic Party then promised the people that if the were returned to power there would be no central bank established here, while they held the reigns of government.
Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of sinister Wall Street figures established, here in our free Country, the worm-eaten monarchical institution of the "King's Bank", to control us from the top downward, and to shackle us from the cradle to the grave...Every effort has been made by the Federal Reserve Board to conceal its powers but the truth is...the Fed has usurped the government. It controls everything here and it controls all our foreign relations!..."

Congressman Louis T. MacFadden, speech in Congress, June 10, 1932

Do the members of Congress know about this?
Lets see: " The Federal Reserve (Banks) are one of the most corrupt institutions the world has ever seen.
There is not a man within the sound of my voice, who does not know that this Nation is run by the International Bankers.


Congressman Louis T. MacFadden

In 1932, Congressman Louis MacFadden was trying to tell the American people that the U.S. Government was "nearly bankrupt". Shortly thereafter, he died under mysterious circumstances.
 

Read: "The Usurpers" http://www.soren.org/gov/usurp.html