Michael Tellinger joins Amerika Now during the first 2 hours of the show on May 19th, 2012, to discuss his landmark court case against Standard Bank of South Africa, the Minister of Finance, and the Reserve Bank of South Africa. Article is as follows:
Michael Tellinger of South Africa is fighting for transparency in banking by challenging the global financial system in a landmark lawsuit.
In what is being called an historic, landmark case challenging the global financial system, author, researcher and scientist Michael Tellinger recently filed a notice of motion against Standard Bank of South Africa accusing the bank of “unlawful and unconstitutional activity.” Tellinger also served notice on the Reserve Bank and Minister of Finance as well. Tellinger’s suit, CCT 28/12, has now made its way to the Constitutional Court, and takes aim at the heart of the banking system. Although Tellinger chose Standard Bank, he says “ultimately it is the other banks as well,” and hopes this case will bring light to the myriad of “deceitful” activities practiced as part of the overall banking system worldwide.
Tellinger decided to take on South Africa’s largest bank after he realized, during the course of his research into the origins of humanity, that money just “suddenly appeared.” As a result, he began wondering about the origins of money itself, and how it became so intrinsic in society. Upon further investigation, Tellinger began realizing that it’s just a small number of families that control the supply of money worldwide, citing the Rothschilds, Rockefellers, and Morgans as examples. He hopes his suit will redress the imbalance that has taken place by these banking elite.
Tellinger’s premise for his suit against Standard Bank is based on their “unscrupulous activities,” which he believes are also practiced routinely by banks worldwide. The lawsuit is 1,100 pages of actual case law, evidence, and arguments defining the laws, acts, and bills that are broken on a daily basis by banks, including the Reserve Bank, all under the “watchful eye of the Minister of Finance,” who Tellinger claims is aware of these behaviors but has “done nothing to prevent this from happening.” Tellinger believes this is “pure exploitation of every South African citizen.”
In addition, Tellinger believes that banks are fueling inflation by issuing and printing money without having the assets to back those monies. Many in the financial industry argue that this is how the system was built, doing business this way for decades, and that leveraging is just part of standard operating procedure. But Tellinger argues that just because the banks do this “does not mean it is right.” He has had several meetings with shareholders of the Reserve Bank and states that he has been “amazed” at some of the revelations as to how the Reserve Bank works and how “absolutely deceitful the activities are.”
Using the bank loan process as an example of how banks create money out of “thin air,” Tellinger says that when someone applies for a loan, the banks don’t actually have the physical cash in their vaults to give. Instead, they “punch some numbers into a computer and magically just create money that is not backed by anything.” This process of issuing money as interest-bearing loans is akin to “counterfeiting” according to Tellinger, and if ordinary citizens tried to do anything like this, they would be prosecuted for it.
Tellinger obtained much of his information from the Supreme Court of South Africa, which he has been to on three occasions arguing against the “highest-paid lawyers money can buy.” His case has now moved to the Constitutional Court “because it’s not just about unlawful activity of banks on a daily basis…it’s also about breaking and breeching constitutional rights.” Tellinger says this suit is about his and other South African citizens’ “constitutional rights,” which he believes the banks are breaking on a daily basis.
Support for Tellinger’s initiative continues to grow, especially among those who have researched this topic for themselves and “figured out what the banks are doing.” As Tellinger points out, “Some are really smart lawyers and advocates who have offered their work pro bono, for free, because they realize that what is going on is absolutely wrong.” New ERA, or New Economic Rights Alliance, is one such group that is bringing together support for “those who have been abused by banks.” Their mission is to support victims of corporations that put profit ahead of human rights.
“It’s all about economic freedom, economic liberty,” says Tellinger. Citing Nelson Mandela’s release and the fight for political freedom in South Africa, he believes it is now time to end “economic slavery.”
Tellinger realizes he is going up against a global system that has been in place for decades “since the creation of the Federal Reserve system on Jekyll Island,” he says. These are privately owned institutions that answer to “nobody,” as he states. Tellinger’s suit also includes the government, stating that the Minister of Finance knows banks are breaking the law. He says that the Minister of Finance and the government are “supposed to be servants of the people,” and believes the Minister of Finance should have intervened on the behalf of citizens against the banks.
Ultimately, Tellinger believes his case will challenge the Constitutional Court to see just how constitutional it really is, and if they will rule in favor of the people and “stop supporting through the legal system the banks that have been exploiting the system.”
For too long, the banking giants have been untouchable, especially by common citizens. Tellinger’s case is important in that it allows the “common man” direct access to a constitutional court. Everyone could be affected by this case, because if Tellinger is successful, the repercussions will be widespread, and the global banking industry may be facing a radical overhaul through major public policy shifts and the changing of laws governing the banks.
For more information about this landmark case, see www.thebigcase.co.za.
VIDEO: http://www.youtube.com/watch?v=_30xJbYq5KE&feature=player_embedded
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