Tuesday, December 23, 2014

The Morality and Legality of Debt Jubilee, Part III


http://www.zerohedge.com/news/2014-12-22/%E2%80%93-jeff-nielson-%E2%80%93-sprott-money-news-share-button-email-print-inshare-december-15-2014


The Morality and Legality of Debt Jubilee, Part III

Sprott Money's picture



Jeff Nielson for Sprott Money

In Parts I and II (click Sprott News), readers saw how all of the public debts of our nations (past and present) were the direct result of fraud, and thus legally unenforceable – on two bases. Firstly; the bankers of these Big Banks proclaimed themselves the world’s foremost financial experts. On that basis; they not only received privileged treatment for these Big Banks, they were recipients of confidential financial and economic information from our governments, as fiduciaries who were claiming to be acting in our best interests.

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In reality, these Con Men never had anything on their minds other than burying our nations in debt, in their own best interests. However, based upon the well-established legal doctrine of “fraudulent misrepresentation”; these fiduciary financial “experts” owed us a duty of honesty. Having violated that duty (incessantly); the multi-trillion dollar IOU’s that the One Bank is holding (in the form of our national debts) are illegal and unenforceable.

But there is also a second basis for legally repudiating these debts, in full. As detailed by Republican Congressman, Charles Lindbergh (roughly a century ago); our governments were already completely in the service of this financial crime syndicate a hundred years earlier. Our political “leaders”, who also had (and have) a legal duty to represent us to the best of their abilities have been little more than the bankers’ bought-and-paid-for stooges for the past 100+ years.

Having our own representatives behave in a fraudulent (and arguably criminal manner) is an equally valid legal basis for erasing every cent of these monstrous, mountainous debts. There can be no argument that our public debts are anything other than illegal/unenforceable, merely a choice as to which legal ground to use as justification for their repudiation.

However, it isn’t only our governments who have been enslaved in debt. Much of our populations have done the same to themselves, as well. Indeed, countless millions of inhabitants across the corrupt West have already seen their own finances implode, on the basis of being no longer able to even service their debts – let alone repay them.

Unlike our public debts, we have no (corrupt) “representatives” whom we can blame directly for our own indebtedness, thus that particular argument for repudiating our personal debts is denied to us. But in law; one doesn’t need two valid arguments to succeed in any adjudication, one substantial basis is all that is required.

This then leaves us with the second basis for (potentially) repudiating our personal debts: the fraudulent conduct of these financial predators. Here, once again, the circumstances of our personal debts are not the same as with our public debts. Unlike the representations which these banksters made to our (corrupt) governments; the bankers (and the Big Banks they serve) do not portray themselves as our fiduciaries when we approach them for financial advice and/or services.

They articulate to us (or, at least, they are supposed to) that we are “responsible” for our own financial decisions, and thus they advise us to “read carefully” any/all financial documents or agreements they put before us. Does this thus absolve the Big Banks of responsibility (and guilt), as they malevolently buried 100’s of millions of generally well-meaning individuals under mountains of debt they could never hope to manage?

Hardly. Holding us (fairly and legally) responsible for our own debts is based upon an assumption: the legal assumption that “the system” itself is structured in a manner where it is fair-and-reasonable to assume that debtors properly understand – and are capable of understanding – financial documents put in front of them.

Ukraine Central Bank Conned Into Swapping Its Gold For Lead Bricks

 





http://www.zerohedge.com/news/2014-12-22/ukraine-central-bank-conned-swapping-its-gold-lead-bricks

We've been saying for two years there is no gold in the repositories. Its been moved off world. -AK

Ukraine Central Bank Conned Into Swapping Its Gold For Lead Bricks

Tyler Durden's picture


 
Just when one thought the story of Ukraine and its (now non-existant) gold could not get any more surreal, it did.

As a reminder, it was about a month ago when we learned courtesy of an interview on Ukraine TV with the country's central bank head Valeriya Gontareva, that Ukraine's gold was virtually all gone, when she made the stunning admission that "in the vaults of the central bank there is almost no gold left. There is a small amount of gold bullion left, but it's just 1% of reserves."

That in itself would have been sufficient to explain why just a few short days later, the Netherlands shocked the world when it announced it had secretly repatriated 122 tonnes of gold from the NY Fed, and had the story of Ukraine's missing gold ended there (or even with the criminal probe launched by Ukraine whether the central bank head had abused her power and misused her office when she "intentionally committed an extremely unfavorable transaction for the gold and forex reserves of Ukraine"), it still would have been one of the most bizarre, surreal stories of 2014.
Luckily, the story just got far better, and far, far more bizarre and surreal.

As Bloomberg reports, Ukraine opened a criminal probe after several gold bars at the central bank’s storage in the southern city of Odessa turned to be painted lead.
 
"The management of the central bank’s branch in Odessa asked us to investigate fraud by their employee," Volodymyr Shablienko, head of the Odessa police’s press office, said by phone today. "We are conducting a forensic audit now."

As Bloomberg explains, the latest gold fraud involved a central bank employee passing lead bars covered with golden paint to the storage unit, registering them as gold, the Vesti newspaper reported today, citing an unidentified person with knowledge of the matter in Odessa’s police department.
According to additional information from RT, the central bank was actually conned into buying the gold-plated lead.

Yes lead, not even tungsten.

GAIA PORTAL: Productivities in New Gaia Paradigm have lost all meaning




Productivities in New Gaia Paradigm have lost all meaning
by ÉirePort


Productivities in New Gaia Paradigm have lost all meaning.

Relevance to schematics is high.

All recollections from past intentions are null.

Statisticians come to the fore as Nova Energetics come forth.

Primaries are enabled.

Alternatives have dissolved.

Processes are finished.

ÉirePort | December 23, 2014 at 07:28 | Categories: Uncategorized | URL: http://wp.me/p2sFUY-tE
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