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DTCC’s depository provides custody and asset servicing for more than 3.6 million securities issues from the United States and 121 other countries and territories, valued at US$35.9 trillion. In 2010, DTCC settled about US$1.66 quadrillion in securities transactions. DTCC has operating and data facilities in multiple locations in the United States and overseas.
Ponzy sceme- the money gets funneled from the bottom to the top, and whens its ready its crashed and the people at the top make their get away! Simples, why tryt n be clever with such an inane point?
First National Bank of Montgomery vs. Daly (1969)
To everyone's surprise, Morgan admitted that the bank routinely created money "out of thin air" for its loans, and that this was standard banking practice. "It sounds like fraud to me," intoned Presiding Justice Martin Mahoney amid nods from the jurors. In his court memorandum, Justice Mahoney stated:
Plaintiff admitted that it, in combination with the Federal Reserve Bank of Minneapolis, . . . did create the entire $14,000.00 in money and credit upon its own books by bookkeeping entry. That this was the consideration used to support the Note dated May 8, 1964 and the Mortgage of the same date. The money and credit first came into existence when they created it. Mr. Morgan admitted that no United States Law or Statute existed which gave him the right to do this. A lawful consideration must exist and be tendered to support the Note.
Foreclosure has always been a tool used by lending institutions to redeem property when borrowers fail in the terms of their loans. It is, in fact, a legal part of contract law between borrowers and lenders that use property as collateral for a loan....
(Consideration is the legal term to describe real, legitimate property that is supposed to be put up as collateral by "both" parties in a mortgage contract.)
In essence, the borrower puts up the property as collateral, and the bank lends legitimate funds it holds as the loan. www.examiner.com...
MARTIN VS. MAHONEY JUSTICE OF THE PEACE
CREDIT RIVER TOWNSHIP SCOTT COUNTY, MINNESOTA
NOTICE OF REFUSAL TO ALLOW APPEAL
TO: Hugo L. Hentges, Clerk of District Court, Plaintiff, First National Bank of Montgomery and Defendant Jerome Daly:
...These Federal Reserve Notes are not lawful money within the contemplation of the Constitution of the United States and are null and void. Further, the Notes on their face are not redeemable in Gold or Silver Coin nor is there a fund set aside anywhere for the redemption of said Notes....
If Plaintiff will file a brief on the Law and the Facts with this Court within 10 days, or if Plaintiff will file an application for a full and complete hearing before this Court on the determination, a prompt hearing will be set and if Plaintiff can satisfy this Court that said Notes are lawful money issued in pursuance of and under the authority of the Constitution of the United States of America the undersigned will stand ready and willing to reverse himself in this determination....
what are they gonna do imprison everyone?! what happens when they start locking up loads of people that have their eyes open to the world in prisons that are full of people that have been cheated by the system and have no fear of that system!
...how many realise it was down to a few famalies, namely cecil rhodes and the rothschilds, the elites, the same people that have screwed us, that ripped africa apart and played us off against each other!!