Thursday, 20 June 2013

UK Minister Exposes The Banking Fraud

The banking scam and fraud is being exposed on every level. The British parliament has no more excuses – they too are fully informed after the delivery in the attached video clip. I urge you to share this with all those who still believe that the banks are squeaky clean. I know it takes a while to see through their defensive armour of disguise. They have perfected it over thousands of years – but the people are waking up from their deep slumber of mesmerised control.



The content of the vide is exactly what we have been arguing in the High Courts of South Africa since 2010. But our efforts have been thwarted by ignorant and crooked judges who either do not understand how the money system works and always assume that the banks are right in their claims or they are on the payroll of the banks and simply issue fraudulent pre-written judgements, most likely prepared for them by the lawyers of the banks. 

This was exactly what happened in my action against STD Bank, where after a 3-hour argument the judge pulled out a pre-written judgement, and simply read it out. Clearly a predetermined outcome devoid of any justice and smacking of complicity with criminal actions of the banksters. 

Until recently the media has been siding with the crimes of the banksters, ignorantly assuming that they must be telling the truth, since they are large corporations with big fancy buildings and the CEOs wear fancy expensive suits – they couldn’t possibly be criminals? Or it could be that the media simply do not want to rock the boat of their potential income. Because just as it is with law firms, banks provide a large portion of the advertising income to most of the media companies around the world. So, many of the media companies  simply let this slide to keep the banks’ business. How can the banks spend so much money on advertising and sponsorship? Because they make money out of “thin air” as was reported by Steven Goodson, ex Reserve Bank director in Cape Town.



But thanks to the brilliant investigative work of SABC 3 journalist and producer Peter Moyo, (see video clip above) the mainstream media has finally broken the spell that the banksters held over them and we hope to see more responsible reporting by the many great journalists that we have in South Africa – and the world – exposing the criminal activity of the banks and their lawyers, before the media owners slap a complete black-out on reports dealing with negative bank  activity.

Keep exploring – share the truth.
Michael of the family Tellinger
Born free – with inalienable rights from the divine creator, that nobody may deny or take away.

Wednesday, 12 June 2013

March Against The Banks In South Africa

Saturday 6 July 2013 – Sandton, Johannesburg, South Africa
Join the event HERE: https://www.facebook.com/events/136840266518030/

FREEDOM FROM FINANCIAL SLAVERY

For the institution of a PEOPLE’S BANK that issues interest-free money BY THE PEOPLE FOR THE PEOPLE.

The UBUNTU Liberation Movement  and UBUNTU Party has applied for a permit for a public march in SANDTON, Johannesburg on Saturday 6th July 2013. The intention is to raise our voices in unity and shine a light on the ongoing atrocities by the banks against the people of South Africa. While most of the people and media are blissfully ignorant and unaware of the unlawful and fraudulent activity of the banks, no one is untouched by their criminal activity and more than 20 million South African’s lives have been destroyed by their draconian behaviour. The banksters have blood on their hands.

They act with impunity and seem to be above the law. Their actions go unpunished and are so well hidden and protected by a complex legal system that many who have tried to expose them, have been silenced in various ways. Sadly the media has not yet recognised this silent destroyer of humanity and has not reported accurately and responsibly on their activity, often calling the visionaries that stand up against these atrocities as “new age hippies trying to wangle their way out of debt.” We urge the media, who should be the watchdog against injustice, to inform themselves, stand with the people, and play their part in bringing these banking cartels to justice and help institute the will of the people. Our combined legal actions against the banks has made it clear that the courts hold the rights of corporations higher than the rights of living breathing human beings.

The objective of this protest is to highlight this injustice and expose the fraudulent activity and crimes against humanity committed by the banksters.
We will deliver and serve memorandums to the major banks, their major law firms, and the OMBUDSMAN FOR BANKING SERVICES, that has shown to be complicit with the banks, hiding their crimes and not acting independently and impartially destroying many lives in the process. The memorandums will contain critical questions that expose their fraudulent activity, and that they have refused to answer after thousands of requests from the people of our land. The highlight of the march will be the serving of a key memorandum on the RESERVE BANK OF SOUTH AFRICA in Pretoria, which is a private corporation that has hijacked the country from its people and has been given the freedom to dictate financial policy to the people of South Africa.

While the main march will take place in Sandton, we will also deliver a memorandum to some key media like RADIO 702, E-News, and the SABC in Auckland Park to mobilise the media to stand with the people and stop perpetuating the lies of the corporate criminals.

The country belongs to the people. It does not belong to the government or any other private corporation that has laid claim to it.

MORE DETAILS TO FOLLOW – TELL EVERYONE – OUR UNITY IS OUR STRENGTH.
“Justice is indivisible. Injustice anywhere is a threat to justice everywhere.” Martin Luther King.

In pure truth
Michael of the family Tellinger
Born free, with inalienable rights that nobody may violate or take away.

Monday, 3 June 2013

IMF - The Largest Organised Crime Syndicate In Human History

Ten reasons why the people should cause the collapse of the IMF

From the original article at http://www.globalexchange.org/resources/wbimf/oppose

The International Monetary Fund and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and are now based in Washington, DC. The IMF was originally designed to promote international economic cooperation and provide its member countries with short term loans so they could trade with other countries (achieve balance of payments). Since the debt crisis of the 1980's, the IMF has assumed the role of bailing out countries during financial crises (caused in large part by currency speculation in the global casino economy) with emergency loan packages tied to certain conditions, often referred to as structural adjustment policies (SAPs). The IMF now acts like a global loan shark, exerting enormous leverage over the economies of more than 60 countries. These countries have to follow the IMF's policies to get loans, international assistance, and even debt relief. Thus, the IMF decides how much debtor countries can spend on education, health care, and environmental protection. The IMF is one of the most powerful institutions on Earth -- yet few know how it works.
1) The IMF has created an immoral system of modern day colonialism that SAPs the poor
The IMF -- along with the WTO and the World Bank -- has put the global economy on a path of greater inequality and environmental destruction. The IMF's and World Bank's structural adjustment policies (SAPs) ensure debt repayment by requiring countries to cut spending on education and health; eliminate basic food and transportation subsidies; devalue national currencies to make exports cheaper; privatize national assets; and freeze wages. Such belt-tightening measures increase poverty, reduce countries' ability to develop strong domestic economies and allow multinational corporations to exploit workers and the environment A recent IMF loan package for Argentina, for example, is tied to cuts in doctors' and teachers' salaries and decreases in social security payments.. The IMF has made elites from the Global South more accountable to First World elites than their own people, thus undermining the democratic process.
2) The IMF serves wealthy countries and Wall Street
Unlike a democratic system in which each member country would have an equal vote, rich countries dominate decision-making in the IMF because voting power is determined by the amount of money that each country pays into the IMF's quota system. It's a system of one dollar, one vote. The U.S. is the largest shareholder with a quota of 18 percent. Germany, Japan, France, Great Britain, and the US combined control about 38 percent. The disproportionate amount of power held by wealthy countries means that the interests of bankers, investors and corporations from industrialized countries are put above the needs of the world's poor majority.
3) The IMF is imposing a fundamentally flawed development model
Unlike the path historically followed by the industrialized countries, the IMF forces countries from the Global South to prioritize export production over the development of diversified domestic economies. Nearly 80 percent of all malnourished children in the developing world live in countries where farmers have been forced to shift from food production for local consumption to the production of export crops destined for wealthy countries. The IMF also requires countries to eliminate assistance to domestic industries while providing benefits for multinational corporations -- such as forcibly lowering labor costs. Small businesses and farmers can't compete. Sweatshop workers in free trade zones set up by the IMF and World Bank earn starvation wages, live in deplorable conditions, and are unable to provide for their families. The cycle of poverty is perpetuated, not eliminated, as governments' debt to the IMF grows.
4) The IMF is a secretive institution with no accountability
The IMF is funded with taxpayer money, yet it operates behind a veil of secrecy. Members of affected communities do not participate in designing loan packages. The IMF works with a select group of central bankers and finance ministers to make polices without input from other government agencies such as health, education and environment departments. The institution has resisted calls for public scrutiny and independent evaluation.
5) IMF policies promote corporate welfare
To increase exports, countries are encouraged to give tax breaks and subsidies to export industries. Public assets such as forestland and government utilities (phone, water and electricity companies) are sold off to foreign investors at rock bottom prices. In Guyana, an Asian owned timber company called Barama received a logging concession that was 1.5 times the total amount of land all the indigenous communities were granted. Barama also received a five-year tax holiday. The IMF forced Haiti to open its market to imported, highly subsidized US rice at the same time it prohibited Haiti from subsidizing its own farmers. A US corporation called Early Rice now sells nearly 50 percent of the rice consumed in Haiti.
60 The IMF hurts workers
The IMF and World Bank frequently advise countries to attract foreign investors by weakening their labor laws -- eliminating collective bargaining laws and suppressing wages, for example. The IMF's mantra of "labor flexibility" permits corporations to fire at whim and move where wages are cheapest. According to the 1995 UN Trade and Development Report, employers are using this extra "flexibility" in labor laws to shed workers rather than create jobs. In Haiti, the government was told to eliminate a statute in their labor code that mandated increases in the minimum wage when inflation exceeded 10 percent. By the end of 1997, Haiti's minimum wage was only $2.40 a day. Workers in the U.S. are also hurt by IMF policies because they have to compete with cheap, exploited labor. The IMF's mismanagement of the Asian financial crisis plunged South Korea, Indonesia, Thailand and other countries into deep depression that created 200 million "newly poor." The IMF advised countries to "export their way out of the crisis." Consequently, more than US 12,000 steelworkers were laid off when Asian steel was dumped in the US.
7) The IMF's policies hurt women the most
SAPs make it much more difficult for women to meet their families' basic needs. When education costs rise due to IMF-imposed fees for the use of public services (so-called "user fees") girls are the first to be withdrawn from schools. User fees at public clinics and hospitals make healthcare unaffordable to those who need it most. The shift to export agriculture also makes it harder for women to feed their families. Women have become more exploited as government workplace regulations are rolled back and sweatshops abuses increase.
8) IMF Policies hurt the environment
IMF loans and bailout packages are paving the way for natural resource exploitation on a staggering scale. The IMF does not consider the environmental impacts of lending policies, and environmental ministries and groups are not included in policy making. The focus on export growth to earn hard currency to pay back loans has led to an unsustainable liquidation of natural resources. For example, the Ivory Coast's increased reliance on cocoa exports has led to a loss of two-thirds of the country's forests.
9) The IMF bails out rich bankers, creating a moral hazard and greater instability in the global economy
The IMF routinely pushes countries to deregulate financial systems. The removal of regulations that might limit speculation has greatly increased capital investment in developing country financial markets. More than $1.5 trillion crosses borders every day. Most of this capital is invested short-term, putting countries at the whim of financial speculators. The Mexican 1995 peso crisis was partly a result of these IMF policies. When the bubble popped, the IMF and US government stepped in to prop up interest and exchange rates, using taxpayer money to bail out Wall Street bankers. Such bailouts encourage investors to continue making risky, speculative bets, thereby increasing the instability of national economies. During the bailout of Asian countries, the IMF required governments to assume the bad debts of private banks, thus making the public pay the costs and draining yet more resources away from social programs.
10) IMF bailouts deepen, rather then solve, economic crisis
During financial crises -- such as with Mexico in 1995 and South Korea, Indonesia, Thailand, Brazil, and Russia in 1997 -- the IMF stepped in as the lender of last resort. Yet the IMF bailouts in the Asian financial crisis did not stop the financial panic -- rather, the crisis deepened and spread to more countries. The policies imposed as conditions of these loans were bad medicine, causing layoffs in the short run and undermining development in the long run. In South Korea, the IMF sparked a recession by raising interest rates, which led to more bankruptcies and unemployment. Under the IMF imposed economic reforms after the peso bailout in 1995, the number of Mexicans living in extreme poverty increased more than 50 percent and the national average minimum wage fell 20 percent.



Please remember that all of this activity by the IMF has been cunningly planned and orchestrated for centuries and implemented with spectacular success, leaving the uninformed humans wondering why the world is so corrupted and why life keeps getting harder.
Look out for the new long awaited book by Michael Tellinger on UBUNTU Contributionism - A Blueprint For Human Prosperity - Exposing the global banking fraud. Out soon.
Love & Light to all of humanity.

Saturday, 1 June 2013

World Bank Insider Blows Whistle on Corruption & Federal Reserve



Written By Alex Newman - 25 May 2013
Alex Newman, a foreign correspondent for The New American, is currently based in Europe. He can be reached at anewman@thenewamerican.com. 

A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained.
In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success. 

Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes.
“What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. “They’re being allowed to do it.”

According to the peer-reviewed paper, which presented the first global investigation of ownership architecture in the international economy, transnational corporations form a “giant bow-tie structure.” A large portion of control, meanwhile, “flows to a small tightly-knit core of financial institutions.”
The researchers described the core as an “economic ‘super-entity’” that raises important issues for policymakers and researchers. Of course, the implications are enormous for citizens as well.
Hudes, an attorney who spent some two decades working in the World Bank’s legal department, has observed the machinations of the network up close. “I realized we were now dealing with something known as state capture, which is where the institutions of government are co-opted by the group that’s corrupt,” she told The New American in a phone interview. 

“The pillars of the U.S. government — some of them — are dysfunctional because of state capture; this is a big story, this is a big cover up.”
At the heart of the network, Hudes said, are 147 financial institutions and central banks — especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks. “This is a story about how the international financial system was secretly gamed, mostly by central banks — they’re the ones we are talking about,” she explained. “The central bankers have been gaming the system. I would say that this is a power grab.”

The Fed in particular is at the very center of the network and the coverup, Hudes continued, citing a policy and oversight body that includes top government and Fed officials. Central bankers have also been manipulating gold prices, she added, echoing widespread concerns that The New American has documented extensively. Indeed, even the inaccurate World Bank financial statements that Hudes has been trying to expose are linked to the U.S. central bank, she said.
“The group that we’re talking about from the Zurich study — that’s the Federal Reserve; it has some other pieces to it, but that’s the Federal Reserve,” Hudes explained.

“So the Federal Reserve secretly dominated the world economy using secret, interlocking corporate directorates, and terrorizing anybody who managed to figure out that they were having any kind of role, and putting people in very important positions so that they could get a free pass.”
The shadowy but immensely powerful Bank for International Settlements serves as “the club of these private central bankers,” Hudes continued. “Now, are people going to want interest on their country’s debts to continue to be paid to that group when they find out the secret tricks that that group has been doing? Don’t forget how they’ve enriched themselves extraordinarily and how they’ve taken taxpayer money for the bailout.”

As far as intervening in the gold price, Hudes said it was an effort by the powerful network and its central banks to “hold onto its paper currency” — a suspicion shared by many analysts and even senior government officials. The World Bank whistleblower also said that contrary to official claims, she did not believe there was any gold being held in Fort Knox.
Even congressmen and foreign governments have tried to find out if the precious metals were still there, but they met with little success. Hudes, however, believes the scam will eventually come undone.

“This is like crooks trying to figure out where they can go hide. It’s a mafia,” she said. “These culprits that have grabbed all this economic power have succeeded in infiltrating both sides of the issue, so you will find people who are supposedly trying to fight corruption who are just there to spread disinformation and as a placeholder to trip up anybody who manages to get their act together.…
Those thugs think that if they can keep the world ignorant, they can bleed it longer.”
Of course, the major corruption at the highest levels of government and business is not a new phenomenon. Georgetown University historian and Professor Carroll Quigley, who served as President Bill Clinton’s mentor, for example, wrote about the scheme in his 1966 book Tragedy And Hope: A History Of The World In Our Time. 

The heavyweight academic, who was allowed to review documents belonging to the top echelons of the global establishment, even explained how the corrupt system would work — remarkably similar to what Hudes describes.
"The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole,” wrote Prof. Quigley, who agreed with the goals but not the secrecy. 

“This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations."
But it is not going to happen, Hudes said — at least not if she has something do to with it. While the media are dominated by the “power grabber” network, Hudes has been working with foreign governments, reporters, U.S. officials, state governments, and a broad coalition of fellow whistleblowers to blow the entire scam wide open.
 
There has been quite a bit of interest, too, particularly among foreign governments and state officials in the United States.

Citing the wisdom of America’s Founding Fathers in creating a federal system of government with multiple layers of checks and balances, Hudes said she was confident that the network would eventually be exposed and subjected to the rule of law, stopping the secret corruption.
If and when that happens — even if it may be disorderly — Hudes says precious metals will once again play a role in imposing discipline on the monetary system. The rule of law would also be restored, she said, and the public will demand a proper press to stay informed.

“We’re going to have a cleaned-up financial system, that’s where it is going, but in the meantime, people who didn’t know how the system was gamed are going to find out,” she said. “We’re going to have a different kind of international financial system.... It’ll be a new kind of world where people know what’s going on — no more backroom deals; that’s not going to keep happening.
We’re going to have a different kind of media if people don’t want to be dominated and controlled, which I don’t think they do.” 

While Hudes sounded upbeat, she recognizes that the world is facing serious danger right now — there are even plans in place to impose martial law in the United States, she said. The next steps will be critical for humanity. As such, Hudes argues, it is crucial that the people of the world find out about the lawlessness, corruption, and thievery that are going on at the highest levels — and put a stop to it once and for all. The consequences of inaction would be disastrous.     
 

Photo of World Bank headquarters in Washington, D.C.