The Day Minnesotans Almost Brought Down the Federal Reserve.
In this report, I cover the early market action from London on Thursday, August 22nd, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look at what is more commonly known as the Credit River case from 1968 in which a Minnesota bank brought a case versus Jerome Daly in order to repossess his property for mortgage arrears. The jury and the justice, in this case, Martin V. Mahoney, ruled in favour of Jerome Daly.
In this video, I will go through the story by looking at a few sources and show how this case proved how the Federal Reserve System after March 18, 1968, did not or does not to this day have a leg to stand on in a court of law as its notes or credit have no lawful consideration or are created out of thin air through the fractional reserve system.
My conclusion is that there are many people out there who know about the fraudulent nature of our current monetary system but the power of those in charge is so great that even the judicial system will not dare and challenge it. For those who challenge it like the late Martin V. Mahoney, things do not end up too well as you will see from my report.
First National Bank of Montgomery v. Daly: https://en.wikipedia.org/wiki/First_National_Bank_of_Montgomery_v._Daly
Jerome-Daly-The-Mahoney-Credit-River-Decision.pdf (PDFy mirror): https://archive.org/details/pdfy-83f9GYTm1KE7PLuo/page/n13
"Judge Poisoned After Ruling Bank Forclosure Is Illegal and All Mortgages Are Null and Void": https://hubpages.com/politics/Judge-Poisoned-After-Ruling-Bank-Forclosure-is-Illegal-and-All-Mortgages-are-Null-and-Void
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What a fascinating story!
Law of Consideration - as you say the judicial system has been compromised, as it has been overruled. You are correct, the power of those in charge is so great that even the judicial system will not dare to challenge it.
To exist and survive, we need to use legal tender that is issued and controlled by the banks. We are very much locked into this corrupt system in our daily lives whether we like it or not .
About Hong Kong: Chinese government is trying to assimilate Hong Kong. One of the reason is Hong Kong people can possess their own gold while people in mainland China have to deposit their gold in the bank after the government have encouraged people to own gold in 2006. Now Chinese goverment is reported to launch their cryptocurrency in the near future.
I've seen the mass protests in Hong Kong against the extradition bill. If passed, it would bring the territory closer under China's control. Hope China relents on this bill.
Interesting what you say about people in mainland China having to hold their gold in a bank. As the saying goes: If you can't hold it, you do not own it! Will the owners of gold in mainland China be able to access their gold when they need it, or does the bank even have their gold.
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