With the introduction of the internet in the eighties and knowledge no longer being restricted to well-controlled sources one of things that I discovered was the reality about just how money works in this world. We’ve all heard the various sayings about 5% of the world’s populace keeping 95% of the world’s wealth but not many are sure how and just why this is our actuality.
Doing some online research about what is money and how could it be created will undoubtedly lead someone to uncover the surprisingly fraudulent ways that banking institutions create money and make loans. As the world’s bank systems, as they now exist, continue to cause pain and suffering in era after generation of mankind I consider this insidious “con-job” of the banking and financial system to be the greatest crime against humanity.
Rather than re-iterate just how money should work and the way it can work and rather than re-write the advantages and disadvantages of MONETARY REFORM I urge you to view the many hubpages and online materials to teach yourself. Taking care of of the Zeitgeist movie I’d like to devote this hubpage to is known as the “Credit River Decision” or the case of Jerome Daly vs the condition of Wisconsin.
In this case Jerome Daly defended himself against a lawsuit brought by a bank or investment company holding the mortgage on his house. Mr. Daly got defaulted on the home loan and the bank was suing to foreclose and take his house. For the bank Unfortunately, even thought it was 1969 and everything good little people were doing as they were told, daring to question any type of authority never, Mr. Daly was well educated in the true way banks create money. Mr. Daly understood that whenever a bank or investment company makes a loan, it instantly creates money by the heart stroke of a pen in a ledger, which then is used in the borrower’s account.
Mr. Daly, also being a lawyer knew perfectly about the “Law of Consideration” meaning, essentially, that a contract was null and void if both parties are not exchanging something of natural value. Justice Martin V. Mahoney ruled against the bank and rejected the foreclosures. Mr. Daly held his house and paid forget about mortgage. Six months later Justice Mahoney was found lifeless (allegedly by poison) and Mr. Daly was disbarred and never applied rules again. It sucks that anytime somebody tries to identify this problem really, this crime that these banker-criminal-devil-jerks have been perpetuating going back few century they are quickly silenced.
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Abraham Lincoln attempted to stop it. He was wiped out by them. John Kennedy tried to avoid it. So we are defeat. There is nothing we can do. I could picture a global world where the financial system benefits Most of mankind. Can you imagine this? This is a short summary of the reality. Jerome Daly had a home loan with the First National Bank of Montgomery , Minnesota .
The bank or investment company sued for ownership. The bank’s chief executive, one Lawrence V. Morgan (familiar name?) made an appearance along with attorney R. Melby for the plaintiff and Jerome Daly, who was an attorney, appeared by himself behalf. I Need not Pay My Mortgage? What Happened Next – Can You Use This Defense? I have investigated the Jerome Daly case and what I came across was in the same way interesting as the outcome.