Economy Rigging 1

THE DAY AFTER IRELANDS IMF MARRIAGE November 22, 2010

Filed under: Uncategorized — bashstreetkidjailbreak @ 11:59 am

MAIN ITEM :

BY VILLAGE MAGAZINE ~ CONSTANTIN GURDGIEV  / AGAINST THE GRAIN : Against the Grain – Constantin Gurdgiev – Village Magazine

ITEM 1 :

BY NAMAWINELAKE ~ THE REAL NUMBERS : NAMA Wine Lake

BY THE GUARDIAN ~ WHY UK MUST BAILOUT IRELANDS BANKS : Ireland: AIB crisis shows UK must help bailout to save its own banks | Business | The Guardian

BY TUPPENCE BLOG ~ EMPEROR HAS NO CLOTHES : Tuppenceworth.ie blog

BY OBSERVER ~ IRELAND BETRAYED : Ireland has been betrayed by its leaders | Editorial | Comment is free | The Observer

BY REAL VIEW ~ EMPTY TIMES : r e a l r e v i e w . i e» Blog Archive » Empty Times

ITEM 2 :

BY DAILY BELL ~ IRISH SHADOW PLAY / SIDE ANGLE TAKE ON BANKING STORY : Irish Shadow-Play

BY ANON ~ ALTERNATIVE VIEW ON BANKING STORY :

A doubt or two has been expressed which I have forwarded to Mr O’Dea. His response is posted at the end of this article here*. Also, his evidence is clearly placed before us( see below). This whole saga beautifully reveals the scam at the very heart of all bank lending.

The Personal: Darrell O’Dea

My mother came to over to London from County Longford, father from Co. Donegal. I read a book yesterday ‘The Blank Of Ireland’, free online here, that made me proud to be Irish.

Darrell O’Dea begins with a tirade of heartfelt rage against the Bank of Ireland and the disastrous effects its parasitical practices had on generations of his own family. He found himself in the familiar ‘death grip’ (‘mortgage’) to the tune of hundreds of thousands of Euros (by the end of the process he entertainingly describes).

His beginning was a decision to try to take control of his own affairs rather than continue to roll over and passively comply with the demands of the devouring beast tormenting him.

Darrell did not refuse to pay his mortgage.

Instead he wrote a letter to the Bank containing the following:

We will be happy to pay any financial obligation that we might lawfully owe as soon as we receive the three documents listed below:

1) Validation of the debt- the actual accounting.
2) Verification of your claim against us, i.e. a sworn affidavit or invoice.
3) A copy of the contract binding both parties.

What Darrell understood was that it was highly unlikely that the bank would be prepared to comply with this entirely reasonable request because the very fundamentals of money created as an interest-bearing debt are a FRAUD.Black’s Law dictionary (9th Edition)

“A knowing misrepresentation of truth or concealment of a material fact to induce another to act to his or her detriment.”

When anyone takes out a mortgage of £100,000 (say), as soon as the mortgage papers are signed the £100,000 is written into the banks books as an ASSET, an asset which can be used by the bank as a basis for future increased lending.

(The fractional Reserve system allows banks to lend approximately £10 for every £1 that exists as assets in their books [can we be surprised that international banks blow huge bubbles that repeatedly ‘pop’?]).

So, if the full sum of the mortgage is IMMEDIATELY paid into the bank (which it is) why should anyone be asked to pay interest on a debt that debt never really existed as a loss to the bank in the first place?

This is the whole money-out-of-thin-air banking scam in a nutshell.

Needless to say, the Bank of Ireland failed to forward the requested documents and Mr. O’Dea refused to make his payments until they did so.

The bank employed all the usual steps of legal intimidation, bailiffs etc., but all to no avail. Mr.O’Dea’s responses were legally based at every stage and demonstrated to the third parties that their intervention in a private dispute was a contravention of the law. The bailiffs (and others) backed off.

The full story, all taking place between February and October of this year is a highly comical read in places. As Mr. O’Dea’s mortgage ballooned because of all the extra fees the banks were charging for their intimidatory actions, he took some aggressive steps of his own. “Darrell O’Dea” registered his name as a trademark and charged the bank 10,000 Euros every time they used it (i.e. every time they sent him a letter).

Near the end of the dispute Mr.’ODea ‘owed’ the bank in excess of 700,000 Euros and the bank ‘owed’ Mr.O’Dea 2,032,000 Euros.

The comical thing is that Mr.O’Dea’s charges have a sounder legal standing than the bank’s.

However, to cut a long story short, the rather excellent outcome was that ‘The Bank of Ireland’ simply cancelled his mortgage.

Redeemed.

Gone.

Here’s the letter they sent him.

What a result!

Darrel you have won my everlasting respect.

I’m sorry if I have ‘given away’ your story but I think many who will not bother to read an 80-page book might read a short article and get the very important point.

THERE IS A GOOD REASON WHY MONEY-LENDING AT INTEREST WAS BANNED BY CHRISTIAN SOCIETIES FOR THE GREATER PART OF THE LAST TWO MILLENNIA.

1) IT IS A FRAUD AGAINST THE BORROWER.
2) IT DELIVERS MONSTROUS POWER INTO THE HANDS OF THE LENDER.

Our ancestors understood something that we have been conditioned into forgetting.

Please open this pdf, save it and read at your leisure. In principle there is no reason why the criminal banking system cannot be brought down by large numbers of people taking exactly the same actions as Mr. O’Dea. In practice, one wonders if the courts would honestly follow the law.

It should be understood that the principles involved here apply not just to mortgages but to ALL loans taken out with banks.

The loan appears as an asset immediately on the banks books so the charging of interest on a non-loss is, again, fraud. As Mr.O’Dea says in an interview given here (and below), if you write a letter to the bank with which you hold the loan requesting to close your account with that bank and request an invoice for that loan, they will never send you such an invoice.

If they were to send you such a document it appears that their actions move from being mere deception (a civil matter) to extortion (a criminal matter).

(I know……

……you couldn’t make it up).

The National: Government Bonds

Again, when our government ‘borrows’ money, it hands over ‘Bonds’ to the value of the money created (out of nothing) by the bank. This Bond is immediately written as an asset into the bank’s balance sheet.

So, again, the bank gets all its money back the moment it ‘lends’ it.

Therefore, why do we pay interest (that might take a full century to ‘pay back’ in the case of the massive sums involved over the last two years). Our children (and maybe another 3 generations after them) will pay back many, many times the sum we didn’t really borrow in the first place.

The International: Ireland’s (and everyone else’s) Current Bail-Out

Speculators, mostly based in the US, are attacking the Euro to keep the dollar strong. The financial mafia have decided that Ireland’s banks needs to be ‘bailed-out’ again. It is possible to argue that Ireland’s balance sheets are little different from many other European countries but common wisdom created by the political/media class is that Ireland must take the money to prevent collective Euro disaster. It will not stop there. The bail-outs will move from one country to another until every country is irreversibly in the pitiless and iron grip of the global central banks.

These ‘loans’ do not go to the countries involved, they go to the banks that hold the various national debts of those countries.

THIS WHOLE SCAM IS SIMPLY A TRANSFER OF WEALTH FROM THE POOR TO THE RICH.
Wealth and power is being transferred to a tiny oligarchy before our eyes.

These people already own us, as current events demonstrate, but what chance do future generations have when every aspects of their lives, and therefore their thinking too, will be controlled (through the media and the education system) to serve the interests of those who OWN EVERYTHING.

Start demanding invoices for debts.

Bring down the banks.

Start thinking about realistic alternative systems like ‘Social Credit’ or ‘return to the greenback’.

Better that savers lose their deposits than we throw our children helpless into the fiery pit that these international criminals have prepared for them.’

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