Sunday, 23 February 2014

Michael Tellinger vs STANDARD BANK - 12 Feb 2014

Michael Tellinger defends himself in the Johannesburg Supreme Court against a bill of R280,000 ($28,000) for legal costs by Standard Bank. This is the final chapter in a 3-year legal battle that started in March 2011, in which Michael defended himself against the foreclosure of his property by STD Bank. His argument was that the bank had no right (locus standi) to begin action against him because they were no longer the owner of the original contract, having sold it to a third party through a process called securitisation. The original contract was never presented as evidence in court.

This was simply ignored by the judge and a judgement was handed down in favour of the bank - the property was auctioned and legal costs of around R280,000 were served on Michael Tellinger for legal fees of the bank. To date Michael has paid the bank with three separate promissory notes, amounting to well over R400,000, that have been delivered and accepted by the bank - creating a legal precedent for other payments in the form of promissory notes by ordinary people. Please take note that this is a legal form of payment by the bank's own admission in the court during the 3 years of hearings on this matter and also in accordance with the Bills of Exchange Act of South Africa, and the high court rules. The payment is complete on delivery of the NOTE.

Please share this video widely as it will give people a deeper insight into the criminal and fraudulent activities of banks all around the world. They all work in exactly the same fashion - making money out of thin air and enslaving people everywhere to a life of debt, servitude and misery. But these days are numbered.