QuoteACADEMIC INVESTIGATION DEMONSTRATES CONCLUSIVELY 'MONEY CREATED OUT OF THIN AIR' BY BANKS. For a number of years now, the fraudulent nature and illimitable potential for abuse of power associated with modern day banking practices has become increasingly... CONTINUED AT http://roguemale.org/2016/09/16/the-financial-sleuth/
QuoteA VERBATIM ACCOUNT OF THE EVENTS IN NOTTINGHAM COUNTY COURT ON 26 AUGUST, 2009.
What follows is an accurate account, written just two days after a possession hearing at Nottingham County Court in which RM defended a fraudulent claim against his home by the bank known as the 'Bradford and Bingley' and its CEO, Richard Pym.
Observant readers will take note that today is the 7th anniversary of that hearing, a hearing in which #TGBMS was laid bare. The soon-to-be-released film, #TheGreatBritishMortgageSwindle chronicles the travails of the ensuing years.
As I look back and read once more what was written at the time, the question that naturally arises is this: had any individual in a British Court ever previously used the reasonable defence that the bank had loaned him nothing, on the basis that the funds were created by way of the hypothecation of his future earnings?
(In other words, he had created the credit with which to buy the house – an accounting fact that was switched to leave him as a fake debtor to a fictitious loan.)
Of course, the Judge, in complete abandonment of reason, ignored the facts and ruled against him, but not without difficulty because what was presented on that day, seven years ago in August 2009 was a compelling defence which no reasonable man should have so lightly dismissed. Further to that, what would the result have been if the matter had been heard before a jury of his peers? (Prior to World War Two, when it was suspended and never reinstated, all county court hearings had a jury of 12)[...] CONTINUED AT http://roguemale.org/2016/08/26/tgbms-bank-loaned-nowt/#more-1883