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Legal Reality Newsletter 25 January A. D. 2012


25 January A.D. 2012

One of the stabilizing influences for the “dollar” has been its use/position as the “world’s currency.”  That is no longer the case.

The nations listed below in this effort to move away from the “dollar” are also chief among the ones who have mounted the greatest political opposition to the “international banking cartel” based in Western Europe.  As more and more nations around the world come to realize the stranglehold intended by the “international banking cartel,” they, too, will move away from the diseased life-blood of that regime, namely the “dollar.”

They will have, ultimately, the exact same fate happen to them as is happening here in “church of United States,” in the event they, too, stay with any “funny money” system.  Should they opt away from the debt-based “currency” concept and back toward the asset-based Currency concept, they’ll avoid what’s about to happen “here,” and they’ll present the greatest, and actually the only, “defense” that exists against the attacks by the “funny money” promoters.

That’s going to take a while.

In the meanwhile, we’ll just see which marketplace activates that “defense” first.  We’ll have one more confirmation of Judgment if the Asian markets move to a Scriptural Money system before we do.  If we’re so blinded that we can’t apply God’s word until we see the other nations doing so, then we’re all the more severely under His Judgment.

Harmon L. Taylor
Legal Reality
Dallas, Texas

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——– Original Message ——–

Date: Sun, 22 Jan 2012 02:47:26 -0500

India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees

Two weeks ago we wrote a post that should have made it all too clear that while the US and Europe continue to pretend that all is well, and they are, somehow, solvent, Asia has been smelling the coffee. To wit: “For anyone wondering how the abandonment of the dollar reserve status would look like we have a Hollow Men reference: not with a bang, but a whimper… Or in this case a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate. Such as these: “World’s Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade“, “China, Russia Drop Dollar In Bilateral Trade“, “China And Iran To Bypass Dollar, Plan Oil Barter System“, “India and Japan sign new $15bn currency swap agreement“, and now this: “Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says.”” Today we add the latest country to join the Asian dollar exclusion zone: “India and Iran have agreed to settle some of their $12 billion annual oil trade in rupees, a government source said on Friday, resorting to the restricted currency after more than a year of payment problems in the face of fresh, tougher U.S. sanctions.” To summarize: Japan, China, Russia, India and Iran: the countries which together account for the bulk of the world’s productivity and combined are among the biggest explorers and producers of energy. And now they all have partial bilateral arrangements, and all of which will very likely expand their bilateral arrangements to multilateral, courtesy of Obama’s foreign relations stance which by pushing the countries into a corner has forced them to find alternative, USD-exclusive, arrangements. But yes, aside from all of the above, the dollar still is the reserve currency… if only in which to make calculations of how many imaginary money one pays in exchange for imaginary ‘developed world’ collateral.

On India’s induction into… www.Zerohedge.com

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Harmon Taylor Newsletter 2 September A.D. 2011


2 September A.D. 2011

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——– Original Message ——–

Subject: Nevada Wallops Bank of America With Sweeping Suit; Nationwide Foreclosure Settlement in Peril
Date: Thu, 01 Sep 2011 16:28:20 -0500

http://www.propublica.org/article/nevada-slams-bank-of-america-with-sweeping-suit-nation-wide-foreclosure-set

Nevada Wallops Bank of America With Sweeping Suit; Nationwide Foreclosure Settlement in Peril

by Paul Kiel
ProPublica, Aug. 30, 2011, 5:46 p.m.

(Flickr: proimos)

This post has been updated to reflect Bank of America’s response.

The state of Nevada dramatically expanded its lawsuit against Bank of America today, turning the narrow case it filed late last year into a broadside that targets virtually all aspects of the bank’s mortgage operations. Bank of America has previously denied wrongdoing.

The sweeping new suit could have repercussions far beyond Nevada’s borders. It further jeopardizes a possible nationwide settlement with the five largest U.S. banks over their foreclosure practices, especially given concerns voiced by other attorneys general, New York’s foremost among them. (You can read the suit here.)

In a statement, Bank of America spokeswoman Jumana Bauwens said reaching a settlement would bring a better outcome for homeowners than litigation. “We believe that the best way to get the housing market going again in every state is a global settlement that addresses these issues fairly, comprehensively and with finality.”

The suit also weakens a separate, 2008 multistate settlement in which Countrywide promised to evaluate troubled homeowners for loan modifications.

Most broadly, Nevada’s action signals that the banks’ problems with home mortgages—the main cause of the financial crisis—continue to burden them and rattle investors. Bank of America, the nation’s largest bank and company that services mortgages, has seen its stock plunge about 40 percent since March, in part because of its mortgage liabilities. Nevada’s action won’t help.

Nevada’s attorney general charges that Bank of America and the now-defunct mortgage giant Countrywide acquired by the bank in 2008, deceived borrowers and investors at almost every stage of the process.

According to the suit, borrowers were duped into unaffordable loans and then victimized again through a misleading mortgage modification program that homeowners tried to use to avoid foreclosure. Finally, the suit alleges, the bank filed fraudulent documents to move forward with the foreclosures.

“Taken together and separately, [Bank of America’s] deceptive practices have resulted in an explosion of delinquencies and unauthorized and unnecessary foreclosures in the state of Nevada,” the suit alleges.

The state’s suit had previously been confined to the modification issue. At that time, Bank of America also said homeowners would be best served not through litigation but through reaching a multistate settlement that would “broaden programs for homeowners who need assistance.”

By expanding the suit, Nevada’s Catherine Cortez Masto joins New York Attorney General Eric Schneiderman in stepping up investigations of the bank. In addition to initiating a broad investigation of banks’ securitization practices, he recently filed a suit charging that Bank of America had fraudulently foreclosed on homeowners.

A coalition of all 50 state attorneys general has been seeking a settlement with the five largest banks to address their foreclosure practices, such as the filing of thousands of false sworn statements with state courts. Some critics have said the states were speeding to an agreement without thoroughly investigating the banks’ abuses.

Last week, fissures in the coalition became public when Iowa Attorney General Tom Miller, who leads the 50-state coalition, removed New York’s Schneiderman from the group’s executive committee because, he said, Schneiderman had “actively worked to undermine” its efforts by opposing any quick settlement. As part of any settlement (reportedly in the range of $20 billion to $25 billion), the banks have been seeking a wide-ranging release from future legal claims, not just those related to foreclosure practices. Schneiderman has publicly rejected that idea and pushed ahead with his investigation.

Masto’s suit signals that Nevada may also reject any settlement in the near future on the foreclosure issues. Two other attorneys general, notably those from Massachusetts and Delaware, have also voiced concerns recently about any broad waiver of claims.

Geoff Greenwood, the spokesman for Iowa’s attorney general, declined to comment on Nevada’s suit.

Nevada’s newly expanded suit also undermines a previous settlement between Countrywide and numerous attorneys general. In 2008, as part of that settlement, Bank of America agreed to implement a mortgage modification program to address charges that Countrywide’s marketing and lending practices had defrauded borrowers. That promised wave of modifications never came, however, so Nevada alleges Bank of America has breached the agreement. The expanded suit revives those allegations.

In its new claims, Nevada also charges that Countrywide bungled the process of bundling loans into securities by not properly documenting the transfer of assets. Despite the lack of documentation, Bank of America has fraudulently pursued foreclosure on these homes anyway, the suit charges.

New York’s Schneiderman made similar charges earlier this month when he sued Bank of New York Mellon, which, as trustee for several pools of Countrywide loans, was supposed to oversee the securities for investors. Countrywide’s failure to transfer complete mortgage loan documentation “impair[ed] the value of the notes secured by those mortgages” and “triggered widespread fraud, including Bank of America’s fabrication of missing documentation,” the suit charges.

Follow @paulkiel


Legal Reality Newsletter 7/7/2011


7 July A.D. 2011

The article below is by R.K. Blacksher.  It was posted 5 July 2011.  In the link at strike-the-root.com, he lists his occupation as “Drone.”  Creative, anyway.

This author prefers Pat Shannan’s lesson in the matter.  The term “constitution-ist” is the proper description of one who supports, promotes a/the “constitution,” as contrasted with the term “constitution-al-ist,” which is one who supports a/the “constitutional,” which term IS a noun, and, in some parts of the country, that noun refers to the function of the last part of the alimentary canal.  What Blacksher is saying, in his way, is that there are no political solutions.

Here is the very last concept in this piece:  “People cannot free themselves if they do not believe they are enslaved. People need to stop trying to free themselves through politics and start trying to free themselves from politics.”

Clearly, Blacksher does not yet understand, completely, the nature of the problem, because slaves have zero authority to obligate themselves or their property commercially.  It’s precisely because there is NO slavery that the present “funny money” system “works.”  Said another way, involuntary bondage had to go in order for it to be replaced with our present condition of voluntary bondage.

Slaves can’t get credit cards or open retirement accounts or purchase land or cars, etc.  Only those with the legal capacity to enter into agreements may engage in even the basics of commercial activity. In the same way that children and medically incompetent people have no “capacity” to bind themselves commercially, slaves have no capacity to bind themselves commercially.

Where one finds few legal remedies for involuntary bondage, given that such law exists in a society that finds it moral and acceptable for one human being to “own,” as property, another human being (which concept is all throughout Scripture), one has all kinds of remedies for Voluntary Bondage.  Voluntary Bondage is the by-product of our present commercial system, in which we’re seduced, through our ignorance (unawareness) of our present legal reality, into binding, commercial obligations that are enforced in such a way as to make us think that the authority relied upon is law.  Voluntary Bondage is something over which we have 100% control.  Thus, on the flip side of that same coin, we have only ourselves to blame.

To play the game of politics is to pretend that the politicians are “the problem.”  Thus, by changing them, the problem may be fixed via a different group of politicians who will then rewrite or just “delete” the offensive, oppressive, police-state “statutes.”  Fortunately, that’s not how the present system functions.  Since no politician in any office can ever compel anyone to sign up for any “gotcha agreement,” by which we impale ourselves on the horns of Voluntary Bondage, no politician, in or out of office, is “the” problem.

“People need to stop trying to free themselves through politics and start trying to free themselves from politics.”  R. K. Blacksher.
Very well said.

Harmon L. Taylor
Legal Reality
Dallas, Texas

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