GOING VIRAL! The Little Case that Threatened the Entire Banking System. | WHAT REALLY HAPPENED

GOING VIRAL! The Little Case that Threatened the Entire Banking System.

Mr. Morgan (the Bank’s only witness) 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.

So a straightforward simple case with very straightforward allegations. The case was tried to a jury. They found against the bank. Basically finding that the bank WAS NOT ENTITLED TO POSSESSION because it hadn’t given ANY CONSIDERATION (something of tangible value) when it made the mortgage!!

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