Fraud in High Places
[Last edit 1 July 2008]

"Loss of reputation for honorable dealing will bring us unending humiliation. The impending legal and moral chaos is appalling.” Chief Justice Reynolds, in delivering the dissenting minority opinion on the 1935 Supreme Court decision that upheld president Roosevelt’s confiscation of the people’s gold

Unmitigated fraud in high places has resulted in war, death and destruction of liberty, honour, capital, savings and private property and the rule by force of arms by the criminals themselves.

Humanity is at a crossroads, mostly due to its failure to distinguish between a liability for a good and the good itself; as well as its failure to distinguish between what is lawful and what is legal.

This is what led to the 1920s stock boom, the default by the British on their gold obligations on September 20th 1931; the brazen theft by FDR; the last war of distraction from the theft by fraud - WWII; the theft of most or all the US treasury gold, the fight by the parasites over the Japanese spoils of war in Asia - the bars of gold in and around the Philippines; Nixon's default in 1971; the 1990s stock boom followed by the real estate boom followed by 911, Enron and the unfolding failure of money-based-on-nothing.

The last ditch effort to save the banks who circulate USD liabilities created via fraud as if they were USD by creating a super-parasite via Theft-via-taxation "T" bills will also fail.

There be parasites within the parasite, and so on add infinitum. Fraud produces more fraud and so on ad infinitum. All national debt in fraud units are FRAUD.

Christopher Story has a quick summary on fraud at the end of each news item here:

LEGAL TUTORIAL: The Steps of Common Fraud:

Step 1: Fraud in the Inducement: “… is intended to and which does cause one to execute an instrument, or make an agreement… The misrepresentation involved does not mislead one as the paper he signs but rather misleads as to the true facts of a situation, and the false impression it causes is a basis of a decision to sign or render a judgment” Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:

• “ACTUAL FRAUD. Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

• “THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit are: A false representation of a material fact made with knowledge of its falsity, or recklessly, or without reasonable grounds for believing its truth, and with intent to induce reliance thereon, on which plaintiff justifiably relies on his injury…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

• “FRAUDULENT CONCEALMENT… The hiding or suppression of a material fact or circumstance which the party is legally or morally bound to disclose…”.

• “The test of whether failure to disclose material facts constitutes fraud is the existence of a duty, legal or equitable, arising from the relation of the parties: failure to disclose a material fact with intent to mislead or defraud under such circumstances being equivalent to an actual ‘fraudulent concealment’…”.

• To suspend running of limitations, it means the employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent…”.

Source: Black, Henry Campbell, M.A., Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Concealment’.

FRAUDULENT CONVEYANCE:

• ‘FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach…”.

• “Conveyance made with intent to avoid some duty or debt due by or incumbent on person (entity) making transfer…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Conveyance’.

When you start with fraud, everything turns to theft via deception and fradulent conveyance. Some examples:

1. The stock market - As money created via bankster fraud chases stocks, it drives P/E (Price to Earnings) ratios to unsustainable levels (infinity in the case of tech stocks such as Microsoft for a while). Venture capital is corrupted as people figure out that selling pipe dreams in the stock market (and to established current companies via M&A) is the quickest way to a corner a fortune in fraud money (the tech boom and bust). Company executives get corrupted by figuring that they can make more "money" selling their stocks and stock options by overstating their company earnings - so long as the company can pay its taxes. This creates Enron like unsustainable corporations, and a government corrupted via moral hazard (the higher taxes paid in), not to forget the politicians and judges paid off to make all this legal.
2. Retirement plans (such as 401K mutual fund based retirement plans) - become a vehicle to channel purchasing power from unsuspecting "workers" into the stock market to sustain the absurd P/E values of unsustainable corporations that employ them. Diversification is of relatively no use as all high performance stocks are all fraudulently sustained.
3. Real Estate - as fraud tokens chase real estate and "investors" flip property, the savings of the people are stolen via deception and the widows and the orphans are made homeless as fools¹ write "money" into existence via fraudulent mortgages that then are fraudulently circulated by the banks², and even people who "own their homes outright³" are evicted by property tax hikes.
4. Payment systems: Credit cards became so popular as it allows everyone to commit fraud. Both the buyer and the seller are extended credit during a credit card purchase³. The banks settle up the bundled assets behind to scenes in a so-called settlement process, which is now ripe for failure and has given us the identity-police state.
5. Producers - now mainly in countries across the pacific from the USA - have sold goods i.e. real wealth - in exchange for fraud tokens.They have no durable store of purchasing power. They have been defrauded, and the Americans who now do not have any manufacturing cannot produce anything to win back those tokens, and these providers of humanity are unwelcome in America to travel there and spend their dollars on falling real estate and to invest in factories - "strong borders" - cry the fools.
6. Every Central Bank - has created local currency backed by the flood of fraud dollars - in a process called Currency Sterilization. The peoples in those countries have fraud piled upon fraud.
7. The upcoming "Global Settlement" being awaited by those "in the know", will simply re-monetize the fraud and back it via theft-by-taxation in a world where producers cannot create or obtain finance without a permit, and every leader of the so-called free world is a world class crook.

It looks dim.

Note 1: Literally they have been fooled: made into a fool.

Note 2: The liability of the fool to pay FRN is circulated by the bank (i.e. to the seller of the property and then onward) and further, the "asset" i.e. the mortgage is bundled and sold on to other banks. The "sub-prime" crisis is so named not because of the interest rate, but because of it stinks like rotten meat. There is no honour amongst thieves.

Note 3: There is no private property in America, only title-by-lease from the local town corporation. Stop paying the rent a.k.a property tax, and you are evicted.

Note 4: The banks risked no capital in "lending" to credit card borrowers and to merchants who sold them goods. The entire "industry" runs on fraud. Can you imagine revealing your swiss bank account number to merchants to pay themselves with?! That the whole thing "works" is a testimony to the honesty and integrity of a majority of participants - save the banks who convey the fraud that they are extending real money and the bottom-dweller credit-card infomation thieves that the banks love so they can recover the principal from the merchant, bump up his discount rate and get $50 from the hapless consumer.

F R A U D and its Roots

There was an old lady¹, she chartered a fraud,
I don't know why, she chartered a fraud,
Perhaps she'll die.

Humpty Dumpty sat on a wall
Humpty Dumpty had a great fall
All the kings horses and all the kings men
Could'nt put Humpty together again.

 
The Humpty Dumpty fraud has fallen over on Wall Street. All the King's horses and all the King's men are busy at work trying to preserve the perpetual river of tribute by fraudulent deception. Nature however abhors a fraud; for She in her own time will ensure that the fraud and the fraudulent deception will come to an end:

The Act of chartering a bank or granting a bank license is itself an act of Ultra Vires - for one or a group of mortal men² has no power to grant another the privilege of lending money they do not have. Further, it is an inducement to commit fraud, both on the part of the person who applies for a bank license/charter and for the person who grants it. It is an artifice for the chartered bank to suspend running of limitations, planned to prevent lawful inquiry and to escape investigation.

The Act of a chartered bank lending money they do not have is deceit; further it is deceit with evil intent³ to cause others to rely on the fraudulent substance as-if it were money.

The Act of a bank in leading its depositors to believe that the units of its checking account liability are at par with the nominal units they represent is fraudulent concealment.

The Act of a bank to monetize and circulate the promissory notes⁴ of its customers, by deceiving the borrower into thinking that he is borrowing money when he is executing a promissory note that is called a "loan" which funds a deposit account in the name of the borrower in the nominal units, is fraud in the inducement. Further,the act of concealing the existence of such deposit account, is fraudulent concealment; the act of stamping and taking the promissory note on deposit on the books of the bank is fraudulent conveyance; and the entire process is theft by deception and duress.

First by chartering a fraud, then by inducing the State to borrow funds at compound interest to create obligations it can never repay⁶, next by monetizing those fraudulent debt instruments and printing notes and inducing the "commercial banks" to lend to the retail banks and mortgage companies who further induce the retail clients to write promissory notes [see "loans" below] that are then circulated as checking account liabilities payable in the printed notes above; the whole system would be found to be void ab initio under the law by any honest judge⁵ that knows the distinction between what is law and what is but an act of Ultra Vires.

Note 1: Any inference that this is a particular person, is solely in your own imagination; and just as in the children's poem where the old lady swallows a fly, spider and so forth, this initial fraud requires the maintenance of an an endless array of regulators, compliance officers, crooked administrative courts and the "law" and order that flows from the barrel of a gun.

Note 2: Who represent themselves as the Head of State or their agents.

Note 3: The evil intent includes the inducement of others to write fraudulent promissory notes, to conspire to circulate those liabilities by fraudulent conveyance; and further to defraud the victims of their inherent sovereignty and liberty, and further to steal via fraudulent deception the gold and other treasure from the treasury of any remaining bastions of liberty⁸; to obtain resources - such as a world dominating military force - that is beyond the ability of the perpetrators of the fraud to obtain by honest means.

Note 4: Fraudulently represented to be "loans" to the "borrower" who is the actual funder of the loan. Ask ye in court: "should the funder of the account be repaid", and call for the books of the bank as evidence.

Note 5: You may kill all the honest judges [such as Matin V Mahoney who found the currently circulating Federal Reserve Notes to be unconstitutional⁷ and was killed in six months of that still standing judgement known as the Credit River decision], but you cannot kill Nature Herself who shall judge you.

Note 6: If you lend your money to the local community sponge, you would be the laughing stock of the town when you insist on repayment. You would hold bad debt. By definition, all current national governments are parasites - they consume more than they produce - in other words the individuals that run the national government are simply the aggregate of all sponges who imagine themselves to be in "national service". The government was fraudulently induced to borrow and the instruments are, in any system that is lawful - voidable. The only way such a government can repay is by involuntary confiscation of property, i.e. theft by taxation. This is theft to justify fraud.

Note 7: If you have sworn to uphold the constitution of the united States of America, or believe that this is what you have sworn to do, by having been informed of this criminal state of affairs, it becomes your duty to render justice or face Misprison of Felony. You have in this still standing decision of the highest lawful court of the constitutional republic all the authority to proceed. Further details on the fraud are here and cached here .

Note 8: Clearly the evil intent of the banksters includes fomenting war, including but not limited to the "American Civil War", World War I and II, the Vietnam and Gulf wars, the cold wars in order to in debt the constitutional government of the united States of America, until it has now morphed via fraudulent acts into the UNITED STATES OF AMERICA, a corporation with no lawful organic authority, that is clearly at war with "its own" people who are its "enemy combatants". Those who have obtained the gold from the Treasury by conspiring to defraud it - have stolen funds. All funds that are checking account liabilities of banks are tainted by fraud⁹.

Note 9: The Basel II pillars of fraud, including its mandatory  "source of funds" declarations would not be accurate without declaring: "funds originally originate in fraudulent creation of bank liabilities by various banking institutions such as the one you run". Pillar I "Public Disclosure": We "the banks" fradulently create money out of thin air.