*GREEK DEFICIT ARTIFICIALLY INFLATED IN 2009 AS PART OF MASSIVE FRACTIONAL RESERVE BANKING FRAUD
*INTEREST PAYMENTS INFLATED BY STATISTICAL RUSE
*1968 FORECLOSURE PRECEDENT: JEROME DALY SHOWED BANKS CREATED OUT MONEY OUT OF THIN AIR, ALLOWED TO KEEP HIS HOME
*ATTORNEY JEROME DALY ARGUED LOAN DID NOT NEED TO BE REPAID BECAUSE IT HAD NOT EXISTED BEFOREHAND
*BANK PRESIDENT FORCED TO ADMIT IN COURT BANKS CREATED MONEY OUT OF THIN AIR WITH HELP OF FEDERAL RESERVE
*SAME ARGUMENT CAN BE USED BY GREECE AND ALL INDEBTED NATIONS
*IMF CHRISTINE LAGARDE, ECB CHIEF MARIO DRAGHI AND OTHER CREDITORS SHOULD BE PUT ON TRIAL FOR FRAUD, FOR MISLEADING THE GREEK PEOPLE ABOUT THE TRUE NATURE OF THEIR DEBTS, AND DEMANING INTEREST FOR NOTHING, NO CAPITAL OR COLLATERAL LENT TO GREEK PEOPLE
The 2009 Greek national deficit was artificially inflated, a former ELSTAT official has told the Greek Parliament, in yet more evidence that banks have colluded to defraud the Greek people by manipulating the fractional reserve banking system, accounting systems and statistics to gain interest payments they are not owed.
– See more at: http://greece.greekreporter.com/2015/06/18/the-2009-deficit-was-art...
In 1969, American attorney Jerome Daly won a court case because he didn’t want to repay his mortgage. He argued that when money lent to him by the bank was created using the fractional reserve banking system, a thing was created as part of a loan that did not exist beforehand. This loan did not need to be repaid because it had not existed beforehand.
https://birdflu666.wordpress.com/2010/10/14/banks-create-money-out-...
“Mr Daly explained that the money was in fact not the property of the bank, for it was created out of nothing as soon as the loan agreement was signed. .. In other words: The money doesn’t come out of their existing assets, the bank is simply inventing it, putting up nothing of it’s own, except for a theoretical liability on paper.”
The Banks president ,Mr. Morgan, took the stand and affirmed that ,in collusion with, the Federal Reserve Bank Inc., did create the money out of nothing.
Justice Martin V Mahoney personal memorandum ….”in the judge’s personal memorandum he recalled that “the Plaintiff (banks president) admitted that in combination with the Federal Reserve Bank did create the money and credits upon its books by bookkeeping entry.
http://homelessokc.newsvine.com/_news/2009/02/25/2475871-mortgage-f...
In the same way, the Greeks can argue they don t need to repay the loans because there was no capital loaned to them in the first place. Their loans exist only on paper as doube entry book keeping figures. Greeks do not need to pay interest for a loan which was in effect a fractional reserve banking fraud. Private banks are only able to carry out this fraud because they have the monoply on central bank currency. That is why it is so important to switch to souvereign money.
The people of the UK, the USA, Japan, the eurozone are all being impoverished by interest payments and austerity due to the same fractional reserve banking fraud.
The bankers have marcoeconomic models with variables for interest and money supply which allow them to calculate when economies will be crushed under the weight of interest payments, and historically they have planned their world wars and, more recently, pandemics to coincide with these economic collapses in order to eliminate vast amount of impoverished people and pre rempt revolutions.
Economics Professor Franz Hoermann explained how the fractional reserve banking system worked in 2010: Read the rest of this entry »
