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This could be big.
Michael J. Tellinger and the New Economic Rights Alliance are preparing for a Constitutional Court Case that aims to expose the fraudulent fractional money creation process, i.e. counterfeiting the SARB and banks engage in.
Standard Bank, the South African Reserve Bank, and the Minister of Finance are the respondents. The case number is CCT28/12.
Newera writes that:
For the first time, a full bench of 11 judges, 22 registrars, eight clerks, four joined advocates and four additional researchers will hear a case that goes to the heart of the banking system. With so much financial turmoil overseas, a case like this has been destined to break. We believe that South Africa is the one country that has the right mix of variables to make a case like this possible.
This is an enormous undertaking and we require 20,000 signatures to have the desired impact. Please sign this online petition: http://micro2.majesticinteractive.co.za/bf.php?fid=1151 and ask everyone you know to do the same. The time for truth in banking is now.
Of course, this is not some sort of crack-pot theory – that central banks and the commercial banking system creates money fraudulently and that this process empoverishes savers, causes malinvestment, and creates the business cycle – but has been developed by the great economic theorists Ludwig von Mises, Murray Rothbard, and Friedrich von Hayek.
Banks have been engaging in this kind of behaviour for hundreds of years, and with the state as territorial monopolist of judicial and security as a respondent, it is unlikely that much will come of this, and that it will just simply be squashed by the Con Court. However, it may be that there was some sloppy legislating that happened post 1994 between the constitution and bank acts, that could see to it that the applicant has a case here and make it more difficult to simply squash.