Canada: Class Action Accuses Banks of Illegal Creation of Money Economy http://www.newmediaexplorer.org/sepp/2005/04/19/canada_class_action_accuses_banks_of_illegal_creation_of_money.htm John Ruiz Dempsey, 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, reports Tom Kennedy, a Canadian activist for economic reform. One of the best kept secrets is the mechanism of money creation in today's economic system. Although not really a secret at all, the fact that money is created not by and for the people who use it and not even by the government, but is issued by commercial banks when giving loans to private persons or government, is hidden by what could be described as thick clouds of smoke, put out by economists and government departments. The complaint was filed Friday April 15, 2005 in the Supreme Court of British Columbia at New Westminster. It 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." The legal action brings to the fore one of the major economic "drag factors" - the interest charged by banks for money that technically and legally is not theirs to lend, because even governments end up paying interest to banks lending money for public spending, and they in turn charge tax payers. A large part of every country's tax revenue goes first and foremost - before any "internal" spending - to payment of interest, largely because of the basic flaw in our way of creating money by the rich and for the rich. Here is some more detail about the class action filed in Canada. Class Action Suit Filed on Behalf of the People of Canada forwarded by Tom Kennedy 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 constitute 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 it 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 belong 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: http://www.newmediaexplorer.org/sepp/2005/04/19/canada_class_action_accuses_banks_of_illegal_creation_of_money.htm NOTE. All people worked for a dollar should join the class action suit on behalf of the People of Canada. Gold $435.70...a 5000 year track record http://www.kitconet.com/images/live/au0001wb.gif TO ALL LONG Shareholders; Rothschild had five sons and sent them into different parts of Europe. One son went to England, one to France, one to Italy, one to Austria and one remained at home with the father in Germany. They all became known as the House of Rothschild. Through manipulation of money the son in England grew up and became the bank of England. The bank of England is a private corporation and is not owned by the government. The bank of England is a private business. All of the national central banks throughout Europe and the bank of America belong to families who do not care about nationalism, England or America, France, Italy or Israel. They only care about money. The sons became the banks of France, Italy, Austria, Germany and England. These were central banks that printed the money of these nations that were now in the hands of a family that had spread out with not the intention of doing good but the intention of becoming the manipulators and controllers of the destiny of the world and nations. Europe would have many conflicts and Rothschild would finance both sides? the Q. who owns and control most banksters-hedge funds today? Rothschild control Standard Bank of London who control the banksters in NY etc.?,, --- Don't forget: RE: Tell Our President and Government Representatives to Confiscate all hedge funds immediately. Give all of their supporters a fair trial and let them answer why they want to destroy and ruin all American Companies? http://www.pm.gc.ca/eng/default.asp http://www.whitehouse.gov/ http://www.whitehouse.gov/ask/ Imo. TIA! Pass along>>>>>>>>>>>>>>>>>>>> God Bless America http://ragingbull.lycos.com/mboard/boards.cgi?board=NEM&read=2272 http://ragingbull.lycos.com/mboard/boards.cgi?board=GG&read=2929 http://www.321gold.com/editorials/aden/aden042505.html