The Internet is a beautiful platform. Everyday, millions of people around the world rely on it for communication, shopping, dating, business and more. In 2001, I leveraged the power of the Internet to organize a major revolt against XO Communications in response to a secret buyout deal. XOShareholders.com was launched to represent 24 million shares in a global fight against a corporate raider, Forstmann Little.

This brief video explains the what, when, where and how. It’s a forgotten story that deserves repeating.

The SEC has decided — three years later — to pursue criminal activity on Wall Street after the collapse of the housing market. Their job is to prevent such activity from occurring in the first place. Here’s a great video of Congressman Paul explaining the failure of the SEC:

Kudos to Ratigan for this segment. If you’re not familiar with how money really works in America (and around the world), watch this video for some insight.

Visit msnbc.com for breaking news, world news, and news about the economy

Why are so many people interested in the landmark Credit River Decision case? I originally blogged about it last year and while I’ve received plenty of interest here, it doesn’t compare to the search engine referrals I’m receiving now about it. It’s a foreclosure case from 1968 where I judged ruled that ‘actual money didn’t back the bank’s loan’.

There are numerous ramblings about the case here on my web site and I invite you to read them to learn more about this little-discussed case. It’s a timely topic considering the state of the American economy and when our nation is facing record foreclosures due to the subprime mortgage meltdown.

The question you should ask yourself is this: Are most foreclosures illegal? According to this case, yes! However, don’t take my word for it. Read the text of the case here and elsewhere on the Internet. There’s plenty of resources to learn about it. Please share it with everyone you know.

Much to my surprise, my recent entry about big banks being big crooks has captured a lot of interest — Primarily from the banks themselves! Flagstar, Washington Mutual and others have all read my thoughts about their fraudulent ways over the years (maybe they even watched the Money Masters video?)

Anytime I think about the history of the banking cartel, I am left numbed and speechless. How can Americans accept the fact that their money is worthless? That their banks can, on a whim, magically add new money to their deposits with a keystroke? How do we stand by accepting what we’re told in the mainstream media about “inflation” and “recessions”?

I wonder what would happen if most of America withdrew its money from the big banks? Do you think that would get their attention? Probably not, because they’d magically replace the dwindling deposits with more Monopoly money.

Are you convinced yet that big banks are crooks and slave owners in America? Want to know where the real power in phony money comes from? You. Your perception of money as a valuable instrument is what keeps the money myth engine humming. At the end of the day, the trillions of dollars that are circulating throughout America and the world are meaningless. The billionaires of the world? They’re simply holders of a bunch of paper bills. Their wealth is meaningless. Really.

Have you started asking yourself questions yet? I hope so. Question. Demand the truth.

The “Credit River Decision” of 1968 (I’ve blogged about it here) raises an important question today about bank loans and foreclosures: Are they illegal and without merit?

The Federal Reserve Act of 1913 hasn’t changed much since its inception. Banks are still creating money from nothing. That’s right. Nothing. New money and credit is created by simply adding it to their books. Sounds too good to be true, right? It’s not.

Like all things in modern day life, when you dissect the meaning and fine print, you soon discover that many things are just a Monopoly game. They’re made up. Realistically, you don’t even need to research this stuff. If you think hard enough, you’ll see it all for yourself. For those who say otherwise about these things, they are either uninformed or are protecting the interests of those they serve.

The banking cartel are not in the business of being your friend. They are in the business of maintaining their monopoly over the people and society. It’s time to ask questions, America. Do you want freedom or slavery? It’s your choice.

Are major banks such as Bank of America, J.P. Morgan Chase, HSBC, Citigroup, Wells Fargo, Washington Mutual and others ‘legalized crooks’? Depending on who you ask, the right answer would be a resounding “YES!” Since their very existence, big banks have been committing fraudulent practices without any consequences for decades.

Stick it to Wall Street, big U.S. banks and incompetent politicians in Washington! Buy a copy of Ronald’s book, Stick it to The Man! Stand up against domestic terrorism by Washington and ruling elite!

From the Great Depression to the current credit crunch, big banks have been responsible for many of America’s hardships.

Let the following video be a reminder of how banks function and operate. Once America is “mad as hell,” Americans will no longer accept the myth of the bank. Freedom is power, if you so desire it.

Update: Wells Fargo, J.P. Morgan Chase, Credit Suisse, Flagstar, Huntington and several other large banks have all made multiple visits to this post. It’s pretty ironic that these banks are flocking in so many numbers to read the truth about their fraudulent and unconstituional practices.

I would suggest they also read these other recent posts about their fraudulent industry: Are Most Bank Foreclosures Illegal and Without Merit? and Money: Made from “Thin Air” (The Credit River Decision).

Update: The big banks are now inviting all of their industry friends via LinkedIn to read this entry. While they’re at it, they should read this one, too! More are on the way. I guess they really care about their reputation as ‘crooks’ and ‘thieves’. They’ve surely earned it!

Level the playing field with big U.S. banks, politicians, corporations and more! Buy a copy of Ronald’s book, Stick it to The Man.

Have you heard about the Credit River Decision case of 1968? It’s an interesting court case regarding the validity of bank notes and money created out of “thin air”. For some time now, I’ve been well aware of how money works on a global scale. The “Central Bank” (here in America, it’s the “Federal Reserve”), is the primary schemer of this fraudulent system.

Money is, of all things, the world’s greatest magic trick. As an instrument, it was built upon deceit and lies. The following case is about a man who convinced the court in 1968 to void his bank foreclosing on his home — On the basis that the bank’s loan wasn’t backed by actual money.

A casual search on Google for ‘Credit River Decision’ will turn up interesting mentions, including PDFs of the court proceedings and much more. The mainstream media, to my knowledge, has never mentioned this case. It is important that this case be shared with as many Americans as possible to expose the facade of our monetary policy and the Federal Reserve.

A Minnesota Trial Court’s decision holding the Federal Reserve Act unconstitutional and VOID; holding the National Banking Act unconstitutional and VOID; declaring a mortgage acquired by the First National Bank of Montgomery, Minnesota in the regular course of its business, along with the foreclosure and the sheriff’s sale, to be VOID.

This decision, which is legally sound, has the effect of declaring all private mortgages on real and personal property, and all U.S. and State bonds held by the Federal Reserve, National and State Banks to be null and VOID. This amounts to an emancipation of this nation from personal, national and State debt purportedly owed to this banking system. Every True American owes it to himself/herself, to his or her country, and to the people of the world for that matter, to study this decision very carefully and to understand it, for upon it hangs the question of freedom or slavery.

A WORD FROM AN ASSOCIATE JUSTICE WHO KNEW AND WORKED WITH JUSTICE MARTIN V. MAHONEY, STATE OF MINNESOTA, ABOUT THE CASE.

The “Credit River Decision” handed down by a jury of 12 on a cold day in December, in the Credit River Township Hall, was an experience that I’ll never forget.

The Chief Justice of the Minnesota Supreme Court had phoned me a week before the trial and asked me if I would be an associate justice in assisting Justice Martin V. Mahoney since he had never handled a jury trial before. I accepted, and it took me two hours to get my car running in the 22 below zero weather.

I got to the court room about 30 minutes before trial, and helped get the wood stove going, since the trial was being held in an unheated store room of a general store. This was the first time I met Justice Mahoney, and I was impressed with his no nonsense manner of handling matters before him. My OB was to help pick the jury, and to keep Jerome Daly and the attorney representing the Bank of Montgomery from engaging in a fist fight. The court room was highly charged, and the Jury was all business.

The banker testified about the mortgage loan given to Jerome Daly, but then Daly cross examined the banker about the creating of money “out of thin air,” and the banker admitted that this was standard banking practice. When Justice Mahoney heard the banker testify that he could “create money out of thin air,” Mahoney said, “It sounds like fraud to me.” I looked at the faces of the jurors, and they were all agreeing with Mahoney by shaking their heads and by the looks on their faces.

I must admit that up until that point, I really didn’t believe Jerome’s theory, and thought he was making this up. After I heard the testimony of the banker, my mouth had dropped open in shock, and I was in complete disbelief. There was no doubt in my mind that the Jury would find for Daly.

Jerome Daly had taken on the banks, the Federal Reserve Banking System, and the money lenders, and
had won.

It is now twenty eight years since this “Landmark Decision,” and Justice Mahoney is quoted more often than any Supreme Court justice ever was. The money boys that run the “private Federal Reserve Bank” soon got back at Mahoney by poisoning him in what appeared to have been a fishing boat accident (but with his body pumped full of poison) in June of 1969, less than 6 months later.

Both Jerome Daly and Justice Martin V. Mahoney are truly the greatest men that I have ever had the
pleasure to meet. The Credit River Decision was and still is the most important legal decision ever decided by a Jury.

JUDGMENT AND DECREE

The above entitled action came on before the Court and a Jury of 12 on December 7, 1968 at 10:00 am. Plaintiff appeared by its President Lawrence V. Morgan and was represented by its Counsel, R. Mellby. Defendant appeared on his own behalf.

A Jury of Talesmen were called, impaneled and sworn to try the issues in the Case. Lawrence V. Morgan was the only witness called for Plaintiff and Defendant testified as the only witness in his own behalf.

Plaintiff brought this as a Common Law action for the recovery of the possession of Lot 19 Fairview Beach, Scott County, Minn. Plaintiff claimed title to the Real Property in question by foreclosure of a Note and Mortgage Deed dated May 8, 1964 which Plaintiff claimed was in default at the time foreclosure proceedings were started.

Defendant appeared and answered that the Plaintiff created the money and credit upon its own books by bookkeeping entry as the consideration for the Note and Mortgage of May 8, 1964 and alleged failure of the consideration for the Mortgage Deed and alleged that the Sheriff’s sale passed no title to plaintiff.

The issues tried to the Jury were whether there was a lawful consideration and whether Defendant had waived his rights to complain about the consideration having paid on the Note for almost 3 years.

Mr. Morgan admitted that all of the money or credit which was used as a consideration was created upon their books, that this was standard banking practice exercised by their bank in combination with the Federal Reserve Bank of Minneapolis, another private Bank, further that he knew of no United States Statute or Law that gave the Plaintiff the authority to do this. Plaintiff further claimed that Defendant by using the ledger book created credit and by paying on the Note and Mortgage waived any right to complain about the Consideration and that the Defendant was estopped from doing so.

At 12:15 on December 7, 1968 the Jury returned a unanimous verdict for the Defendant.

Now therefore, by virtue of the authority vested in me pursuant to the Declaration of Independence, the Northwest Ordinance of 1787, the Constitution of United States and the Constitution and the laws of the State of Minnesota not inconsistent therewith;

IT IS HEREBY ORDERED, ADJUDGED AND DECREED:

1. That the Plaintiff is not entitled to recover the possession of Lot 19, Fairview Beach, Scott County, Minnesota according to the Plat thereof on file in the Register of Deeds office.

2. That because of failure of a lawful consideration the Note and Mortgage dated May 8, 1964 are null and void.

3. That the Sheriff’s sale of the above described premises held on June 26, 1967 is null and void, of no effect.

4. That the Plaintiff has no right title or interest in said premises or lien thereon as is above described.

5. That any provision in the Minnesota Constitution and any Minnesota Statute binding the jurisdiction of this Court is repugnant to the Constitution of the United States and to the Bill of Rights of the Minnesota Constitution and is null and void and that this Court has jurisdiction to render complete Justice in this Cause.

The following memorandum and any supplementary memorandum made and filed by this Court in support of this Judgment is hereby made a part hereof by reference.

The issues in this case were simple. There was no material dispute of the facts for the Jury to resolve.

Plaintiff admitted that it, in combination with the federal Reserve Bank of Minneapolis, which are for all practical purposes, because of their interlocking activity and practices, and both being Banking Institutions Incorporated under the Laws of the United States, are in the Law to be treated as one and the same Bank, did create the entire $14,000.00 in money or 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 Statute existed which gave him the right to do this. A lawful consideration must exist and be tendered to support the Note. See Ansheuser-Busch Brewing Company v. Emma Mason, 44 Minn. 318, 46 N.W. 558. The Jury found that there was no consideration and I agree. Only God can create something of value out of nothing.

Even if Defendant could be charged with waiver or estoppel as a matter of Law this is no defense to the Plaintiff. The Law leaves wrongdoers where it finds them. See sections 50, 51 and 52 of Am Jur 2nd “Actions” on page 584 – “no action will lie to recover on a claim based upon, or in any manner depending upon, a fraudulent, illegal, or immoral transaction or contract to which Plaintiff was a party.”

Plaintiff’s act of creating credit is not authorized by the Constitution and Laws of the United States, is unconstitutional and void, and is not a lawful consideration in the eyes of the Law to support any thing or upon which any lawful right can be built.

Nothing in the Constitution of the United States limits the jurisdiction of this Court, which is one of original Jurisdiction with right of trial by Jury guaranteed. This is a Common Law action. Minnesota cannot limit or impair the power of this Court to render Complete Justice between the parties. Any provisions in the Constitution and laws of Minnesota which attempt to do so is repugnant to the Constitution of the United States and void. No question as to the Jurisdiction of this Court was raised by either party at the trial. Both parties were given complete liberty to submit any and all facts to the Jury, at least in so far as they saw fit.

No complaint was made by Plaintiff that Plaintiff did not receive a fair trial. From the admissions made by Mr. Morgan the path of duty was direct and clear for the Jury. Their Verdict could not reasonably been otherwise. Justice was rendered completely and without denial, promptly and without delay, freely and without purchase, conformable to the laws in this Court of December 7, 1968.

Note: It has never been doubted that a Note given on a Consideration which is prohibited by law is void. It has been determined, independent of Acts of Congress, that sailing under the license of an enemy is illegal. The emission of Bills of Credit upon the books of these private Corporations for the purpose of private gain is not warranted by the Constitution of the United States and is unlawful. See Craig v. Mo. 4 Peters Reports 912. This Court can tread only that path which is marked out by duty. M.V.M.

JEROME DALY had his own information to reveal about this case, which establishes that between his own revealed information and the fact that Justice Martin V. Mahoney was murdered 6 months after he entered the Credit River Decision on the books of the Court, why the case was never legally overturned, nor can it be.

JEROME DALY’S OWN ENTRY REGARDING JUSTICE MAHONEY’S MEMORANDUM

FORWARD: The above Judgment was entered by the Court on December 9, 1968. The issue there was simple – Nothing in the law gave the Banks the right to create money on their books. The Bank filed a Notice of Appeal within 10 days. The Appeals statutes must be strictly followed, otherwise the District Court does not acquire Jurisdiction upon Appeal. To effect the Appeal the Bank had to deposit $2.00 with the Clerk within 10 days for payment to the Justice when he made his return to the District Court. The Bank deposited two $1.00 Federal Reserve Notes. The Justice refused the Notes and refused to allow the Appeal upon the grounds that the Notes were unlawful and void for any purpose. The Decision is addressed to the legality of these Notes and the Federal Reserve System. The Cases of Edwards v. Kearnzey and Craig vs Missouri set out in the decision should be studied very carefully as they bear on the inviolability of Contracts. This is the Crux of the whole issue. Jerome Daly.

SPECIAL NOTATION. Justice Mahoney denied the use of Federal Reserve Notes, since they represent debt instruments, not true money, from being used to pay for the appeal process itself. In order to get this overturned, since the bank’s appeal without the payment being recognized was out of time, it would have required that the Bank of Montgomery, Minnesota bring a Title 42, Section 1983 action against the judicial act of Justice Mahoney for a violation of the Constitution of the United States under color of law or authority, and if successful, have the case remanded back to him to either retry the case or allow the appeal to go through. But the corrupt individuals behind the bank(s) were unable to ever elicit such a decision from any federal court due to the fact that because of their vile hatred for him and what he had done to them and their little Queen’s Scheme, had him murdered (same as them murdering him) just about 6 months later. And so, the case stands, just as it was. Amazingly, if they hadn’t been so arrogant about the value of their federal reserve notes and paid the Justice just 2 measly silver dollars, or else 4 measly half dollars, or else 8 measly quarters, or else 20 measly dimes, or else 40 measly nickels, or else 200 measly pennies, they could have had their appeal and would not have had to get blood on their hands.

As it is, they are now known for their bloody ways, and the day will come when the American people will reap vengeance upon them for such a heinous and villainous act. Amen.