Michael Tellinger delivers a petition regarding the unlawful activity of the SOUTH AFRICAN RESERVE BANK to representatives of SARB and two senior representatives of the Ministry of Finance, at Parliament in Cape Town, South Africa. We expect a written response in 30 days.
This was in response to the annual budget speech in parliament on 25 Feb 2015, during which the rights of the people of South Africa were once again desecrated and our freedoms restricted dramatically through the draconian behaviour of the RESERVE BANK, slowly but surely reducing the people into pure slaves for this "criminal" private organisation that has imposed itself on the unwitting, ignorant and hard-working people.
The RESERVE BANK is virtually TAXING our people to death. It has become impossible to lead a normal and prosperous life. And as long as the SARB remains in place and allows private commercial banks the right to create money out of thin air at compound interest, things will only get worse. This is a critical petition which we hope will awaken the people on South Africa and the rest of the world to take action. (Read Petition and Open Letter below.)
|RESERVE BANK Cape Town|
|Parliament, Cape Town|
Petition & Open Letter
Dated: 26 Feb 2015
Mr L. KGANYAGO – Governor of the South African Reserve Bank
Minister NHLANHLA NENE – Minister of FinanceDear Gentlemen
We wish to place on record that we are no longer prepared to tolerate the denial of our economic freedom, which has been caused primarily by you granting commercial banks the right to create our means of exchange (our money) out of thin air at interest.
Furthermore, we are fully aware that the SOUTH AFRICAN RESERVE BANK is not a government department serving the people, but a private corporation created by statute, which operates solely in the interests of the private banks, and is ultimately subject to the guidelines and policies determined by a foreign corporation known as the Bank for International Settlements.
You have deceived the people of South Africa, whom you are supposed to serve and turned every South African into a DEBT SLAVE to the banks for life.
We demand to have our own People’s Bank as prescribed in the Freedom Charter of 26 June 1955, which states unequivocally that “We, the people of South Africa, declare for all our country and the world to know…the Banks and monopoly industry shall be transferred to the ownership of the people as a whole”. It is only by the institution of a sovereign state bank that a better life for all can be attained.
We demand that you to refrain from harassing and intimidating, with trumped up charges, South Africans who expose your devious activity, specifically one of our stalwarts of the economic struggle, Mr Stephen M Goodson, and to immediately terminate his unlawful investigation by the Hawks.
Accompanying this petition is an open letter to the media and all those who remain deceived by your actions, about the history of the SARB and its unlawful activity and malicious economic enslavement of our people. We request a response to this petition in writing from your office in 30 days from today.
Michael Tellinger – UBUNTU Party and Tebogo Malema – UDF
(Tebogo Malema is the leader of the UDF United Democratic Front - a well established liberation movement in SA, in the process of creating a united front of smaller fragmented parties and movements of similar vision for South Africa)
To the people of South Africa
All media representatives & economic journalists
President Jacob Zuma
Drafted by the UBUNTU Party and UDF - 26 February 2015
To all those who have been elected into positions to serve the people of South Africa.
South Africa belongs to its people - it does not belong to the government or any other corporation that has laid claim to it. You have deceived the people and cast every South African into a never-ending spiral of debt slavery.
The South African Reserve Bank (SARB) was established by statute on 30 June 1921 as a private corporation, partly in response to a loss of gold reserves as a result of the devaluation of British sterling, but primarily to set up a central bank which would place South Africa under the direct control of the international bankers, headed by the Rothschild empire.
At a conference held in Genoa from 10 April to 19 May 1922, it was decreed by Montagu Norman, governor of the Bank of England, that each nation would be obliged to set up a central bank, which would operate independently of their Ministries of Finance. There are now 155 of these central banks, of which 60 are members of the Bank for International Settlements located in Basel, Switzerland, SARB being one of them.
The SARB states that its primary purpose “is to achieve and maintain price stability in the interest of balanced and sustainable economic growth”. It has achieved neither of these objectives throughout its existence and never will under the prevailing paradigm. Since 1921 the rand has lost 99.6% of its value and there have been 18 recessions and 2 depressions.
The flaw in this patently broken system lies in the fact that our means of exchange – the money supply – with the exception of bank notes, which account for only 6%, are created out of thin air as an interest-bearing debt.
YES – Banks, which are all private corporations with profit as their main objective, have been granted the exclusive right to create money out of THIN AIR, charging compound interest and enslaving all of our people in debt for life.
When anyone receives a home loan from a bank, the money is not transferred from someone else’s savings account, or from some magical vault full of money in a secret place, but it is credited to the borrower’s account with a simple bookkeeping entry, with the bank making a fictitious “deposit” to itself in order to balance its books.
The defects in this fraudulent transaction are:
- Interest is charged on this money created out of nothing.
- The money required to pay the interest can come only from the existing money supply and this is the cause of money losing its value and causing inflation, as additional money has to be created, which is not used to exchange goods and services; and …
- When the money is repaid, the loan is cancelled and causes the money supply to shrink. Thus there is no stable and permanent supply of money.
Home loans constitute over 50% of these unlawful loans granted by commercial banks and are instrumental in the enslavement of everyone. Currently homeowners pay about half of their after tax incomes on interest (70%) and capital repayment (30%).
This system that was masterminded by the SARB ensures that people never have enough ready money to pay for their daily needs, have to work like slaves to pay the interest, and are therefore unable to advance their standard of living to an acceptable level.
When we evaluate this situation critically, it becomes evident that the SARB is nothing more than an organised crime syndicate, posing as a reputable corporation that has imposed itself onto the people of South Africa, using our government as the channel to enslave us all, and our Judiciary to protect itself with protection clauses in our legal system that prevent anyone from successfully suing it.
The SARB dictates the financial and economic policy to our government, controls the flow of all money in and out of our country, controls the foreign exchange and has caused unimaginable harm to millions of South Africans with their draconian exploitative and monopolistic control.
This is pure economic slavery and the SARB has blood on their hands by indirectly causing the deaths of thousands if not millions of people because of the financial and economic hardship it has brought onto the people. It has unlawfully caused the repossession of peoples’ property, evicted families from their homes and farms, and in essence has taken control of our country as a whole through their control of the money supply created by the commercial banks.
The people of South Africa will never be able to own their country as long as the privately owned SARB is in charge of our economic policies and supply of our money. Its directors must be held accountable and prosecuted under our Constitution, which clearly states that slavery of any kind is prohibited.
The solution for this unlawful exploitation of our people is simple. We demand an immediate establishment of a PEOPLE’S BANK, to create money for the people, by the people, tax-free and interest-free. To create the money supply out of nothing, just like the private banks do, and then use this newly created money to pay for everything the country needs, government salaries and pensions and to issue zero interest bonds, which can be lent for capital expenditure purposes to state entities such as Eskom and Spoornet.
A PEOPLE’S BANK will allow every province, municipality and community to initiate public works of all kinds to improve and upgrade all facilities imaginable; give full support to all farming and food growing activity to turn South Africa into a leading exporter of food; initiate and support research in all fields; upgrading and providing world class healthcare facilities with the latest technology; the ability to provide the highest standard of sporting and recreation facilities, and so much more.
No government of the PEOPLE should ever grant private corporations like banks the right to create money for the people, out of thin air, with interest attached to it. Every government that has done so has simply sold their people into perpetual slavery to the banking corporations.
The only reason we pay interest, taxes, levies and fees of all kinds, is because our government has allowed the South African Reserve Bank to delegate the creation of money out of nothing to the commercial banks. In essence, the country of South Africa is borrowing money from a private corporation called the SOUTH AFRICAN RESERVE BANK, instead of creating our own money.
Most members of the media and the public are not aware of this situation and the SARB has been getting away with this crime against the people for a century, because of its deceptive actions, and the simple ignorance, naivety and trust of the hard-working and honest people of South Africa.
There have been many successful examples of State Banks in the past 200 years, that brought great prosperity to their countries and its people, but these have all been overthrown by the Rothschild controlled private bankers with their immense political influence who infiltrated the governments and ensured the institution of their own private banking empire in virtually all the countries of the world.
A PEOPLE’S BANK will stimulate the rural areas and allow people to move from the overpopulated cities to the country by creating virtually 100% employment, because the money to improve the lives of our people will always be available for all public works and community projects imaginable.
There will be no inflation, no taxes, no interest, and no fees or levies of any kind because we the people will issue our own money. The people and their appointed government will become the masters of their own economy, liberating us from the clutches of private banks with profit and control as their primary objective.
We cannot solve our problem by using the same kind of thinking that created the problems, neither can we solve our economic woes by using the same tools that caused the problem – private banks are the problem. Any politician or economist who claims that they will solve our economic problems by using the same tools that created them are either lying to us, or are simply ignorant of the facts – neither of these is suitable to rule or govern the people.
By instituting a PEOPLE’S BANK and returning the control of the money supply to the people, we can create prosperity and abundance beyond our wildest dreams and ensure that everyone is able to live a joyful and prosperous life.
South Africa belongs to its people. The government and our leaders have been appointed as the servants of the people – to serve the people – not to enslave us in debt to private banking corporations. The right to create money for the people, should always lie with the people and the people demand a PEOPLE’S BANK.
In pure truth
Michael Tellinger – UBUNTU Party