Neighborhood Watch:Reasons/Remedies to file motion restraining Sheriff against action of foreclosure and eviction

"In 1969 there was a Minnesota court case involving a man named Jerome Daly, who was challenging the foreclosure of his home by the bank, which provided the loan to purchase it. His argument was that the mortgage contract required both parties, being he and the bank, each put up a legitimate form of property for the exchange. In legal language this is called consideration (a contracts basis. a contract is founded on an exchange of one form of consideration for another.)

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. Remember what Modern Money Mechanics stated about loans? What they do, when they make loans is to accept promissory notes in exchange for credits. Reserves are unchanged by the loan transactions, but deposit credits constitute new additions to the total deposits of the banking system. 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.

As the court case progressed, the bank’s president Mr. Morgan took the stand. And 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. The money and credit first came into existence when they created it. Mr Morgan admitted that no US Law or Statute existed which gave him the right to do this. A lawful consideration must exist and be tendered to support the Note. The Jury found that there was no lawful consideration and I agree.” He also poetically added: “Only God can create something of value out of nothing.”

And upon this revelation the court rejected the bank’s claim for foreclosure and Daly kept his home."

http://www.wanderingsandmusings.com/2008/10/zeitgeist-addendum-transcript/

...how the “Illuminati banksters” create money out of thin air, ask why the 1968 Minnesota Trial Court’s decision holding the Federal Reserve Act unconstitutional and void and holding the National Banking Act unconstitutional and void was never appealed or vacated? The answer is even the legal manipulators and corrupted high court judges can’t get around this decision, figuring it better to just let the case of the First National Bank of Montgomery V. Jerome Daly die in the cold Minnesota snow along with Justice Martin V. Mahoney who was found suspiciously poisoned to death six months after he issued the ruling that exposed the illegality of what has been called the Queen of England’s illegal banking scam.

http://www.scribd.com/doc/2367947/Illuminati-Cash-Slush-Fund-Estimated-at-65-Trillion-Dollars

[Peter Joseph] from Zeitgeist

A number of years ago, the central bank of the United States, the Federal Reserve, produced a document entitled “Modern Money Mechanics”. This publication detailed the institutionalized practice of money creation as utilized by the federal reserve and the web of global commercial banks it supports.

On the opening page the document states its objective. The purpose of this booklet is to describe the basic process of money creation in a fractional reserve banking system. It then precedes to describe this fractional reserve process through various banking terminology.

A translation of which goes something like this:

• The United States government decides it needs some money.
• So it calls up the federal reserve and requests say 10 billion dollars.
• The FED replies saying: “sure, we’ll buy ten billion in government bonds from you”.
• So the government takes some pieces of paper, paints some official looking designs on them, and calls them treasury bonds.
• Then it puts a value on these bonds to the sum of 10 billion dollars and sends them over to the FED.
• In turn the people of the FED draw up a bunch of impressive pieces of paper themselves, only this time calling them federal reserve notes, also designating a value of ten billion dollars to the set.
• The FED than takes these notes and trades them for the bonds.
• Once this exchange is complete, the government than takes the ten billion in federal reserve notes, and deposits it into an bank account.
• And, upon this deposit the paper notes officially become legal tender money.
• Adding ten billion to the US money supply.

And there it is! Ten billion in new money has been created. Of course, this example is a generalization. For, in reality, this transaction would occur electronically, with no paper used at all.