Banks Guilty Of Money Laundering, Counterfeiting, Fraud, Forgery & Misappropriation Of Funds

(Paul Kincaid)  Today, all over the World, banks deliberately issue false and forged statements of financial trading and accounting.   Today a bank’s underlying corporate philosophy and adopted corporate policy is to defraud their depositors.

The banking institution use to be based on ‘TRUST” which is a synonym for noble qualities, such as integrity, truthfulness, transparency, due diligence, etc, etc.  Trust use to be a sine qua non for the banking industry as air is to human life.

Shareholders use to be willing to invest in banks and depositors were also willing to place their hard earned cash in the hands of strangers but that all changed after unelected monetary authorities took over the banks and began to illegally grant banks the licence to create money over and above their depositors and shareholders’ funds – out of nothing and to use their depositors and shareholders’ funds without their knowledge or consent.

The law (crimes against property) is clear – “what is yours cannot be used or taken away without your consent”.  Our laws criminalize misrepresentations, deceptions and fraud. These are situations in which a victim may have given apparent consent to parting with ownership or possession of money and goods or generally suffering a loss, but this consent is invalidate by the dishonesty of the person making the untrue representations.

Up until 5 years ago we all use to trust the banks to take good care of our hard earned cash.  A banker use to be held in high regard.  A highly respected member of the community.

But since unelected monetary authorities illegally took over the bank – by orchestrating and fabricating a financial crisis – banker are now rightfully so regarded as gangsters – a member of an organized group of criminals; a racketeer – a person who commits crimes such as extortion (the crime of obtaining money or some other thing of value by the abuse of one’s office or authority), loansharking (the practice of lending money at usurious, often at excessive rates of interest), bribery (an act of implying money or gift giving that alters the behavior of the recipient), and obstruction of justice (a criminal offense that involves any act that prevents, obstructs, impedes, or hinders the law) in furtherance of illegal business activities.

Banks are no longer in the business of providing a safe place to keep your hard earned funds.  Today they are in the business of robbing us of our funds with the help of unelected regulatory authorities.  Today bankers and their co-conspiring unelected monetary authorities deliberately engage in; counterfeiting (illegally imitate legal currency), forgery (the process of making, adapting, or imitating objects, statistics, or documents with the intent to deceive), fraud (an intentional deception made for personal gain or to damage another individual) and money laundering.

Banks money launder and misappropriate depositors funds in three steps: first, cash is introduced into the financial system by law abiding and hard working people (“account holder deposits”), the second involves the banks carrying out fabricated financial transactions (secretly attaching an account holder signature card – signature forgery – to an electronic bookkeeping entry) in order to camouflage the unauthorized use of the depositors money (“credit line, credit cards, loans”), and the final step of the bankers money laundering scheme entails acquiring wealth generated from the illegal transactions of the depositors funds (“interest”).

How the banks make money – ILLEGALLY

A new credit line, credit card or loan account is opened in a borrower’s name. It has nothing in it, nevertheless the bank allows the borrower to withdraw and spend the dollar amount attached to it by a bookkeeping entry to that account.  The banks’ depositors are not consulted or even notified about the loan that was made using their funds.  The banks don’t even seek nor are granted consent to use the depositor’s money.

They are not told that their money is no longer available to them. The amounts shown in their accounts are not reduced and transferred to the borrower’s account.  The bank treats the fabricated loan to the borrower as an ASSET, not a liability, on the basis that borrower now owes the bank, not the rightful owner of the illicit funds – the depositor.

The bank’s balance sheet will show that it owes its depositors (used their funds without their knowledge or consent), and it is now owed by the borrower (who they gave the stolen depositors’ funds to). The banks illegally created for itself a new monetary asset in the form of a debt owed by the borrower where nothing existed before or from money illegally taken from their depositors.

This counterfeited and money laundered funds are then used over and over to fabricate new credit lines, credit cards and loan – using the original deposits technically still in its account at the bank.  Your cash deposits are not physically there, only a dollar amount computer entry.

The very same day you deposited your hard earned cash at the bank the bank had armed guards literally take it from your account and transport it to the bank’s own vaults – armed robbery.  You will never see your cash funds again and you will never be allowed to withdrawal it all and use that money again to buy real value property.  In return they give you a worthless bank IOU receipt – a credit receipt.  They steal your cash and then give you credit using your own money.

The bank have a completely free hand in the creation of money which, as we shall see, represents new “money”, where nothing existed before. It was done at the stroke of a pen or the pressing of a computer key.  The idea that banks create something out of nothing and then charge interest on it for private profit might seem pretty repellent. But it is also illegal.  It is fraud, forgery, money laundering and counterfeiting!

Section 366(1) of the Criminal Code establishes the offence of forgery:

366. (1) Every one commits forgery who makes a false document, knowing it to be false, with intent

(a) that it should in any way be used or acted on as genuine, to the prejudice of any one whether within Canada or not; or
(b) that a person should be induced, by the belief that it is genuine, to do or to refrain from doing anything, whether within Canada or not.

The elements of the offence of forgery are as follows:

a)      the accused made a false document;
b)      knowing the document was false at the time it was made;
c)      with the intention that the document be considered genuine; and
d)     with the intention that some other person be deceived by treating the document as genuine.

In Canada the Criminal Code defines breach of trust as:

“Every one who, being a trustee of anything for the use or benefit, whether in whole or in part, of another person, or for a public or charitable purpose, converts, with intent to defraud and in contravention of his trust, that thing or any part of it to a use that is not authorized by the trust is guilty of an indictable offence and liable to imprisonment for a term not exceeding fourteen years.”

Section 366(2) of the Criminal Code provides (among other things) that “making a false document” includes adding a false attestation to a genuine document.  Furthermore, s. 321 of the Criminal Code states that a false document means:

a)      a document the whole or a material part of which purports to be made by or on behalf of a person who did not make it or authorize it to be made; or
b)      a document that is false in some material particular.

402.2. Identity theft

402.2 (1) Everyone commits an offence who knowingly obtains or possesses another person’s identity information in circumstances giving rise to a reasonable inference that the information is intended to be used to commit an indictable offence that includes fraud, deceit or falsehood as an element of the offence.

Trafficking in identity information

(2) Everyone commits an offence who transmits, makes available, distributes, sells or offers for sale another person’s identity information, or has it in their possession for any of those purposes, knowing that or being reckless as to whether the information will be used to commit an indictable offence that includes fraud, deceit or falsehood as an element of the offence.

Clarification

(3) For the purposes of subsections (1) and (2), an indictable offence referred to in either of those subsections includes an offence under any of the following sections:

(e) section 342 (theft, forgery, etc., of credit card);

(f) section 362 (false pretence or false statement);

(g) section 366 (forgery);

(h) section 368 (use, trafficking or possession of forged document);

(i) section 380 (fraud); and

(j) section 403 (identity fraud).

Jurisdiction

(4) An accused who is charged with an offence under subsection (1) or (2) may be tried and punished by any court having jurisdiction to try that offence in the place where the offence is alleged to have been committed or in the place where the accused is found, is arrested or is in custody. However, no proceeding in respect of the offence shall be commenced in a province without the consent of the Attorney General of that province if the offence is alleged to have been committed outside that province.

Banks are businesses out to make profits from the interest on the loans they fabricated from nothing or stole from their depositors. Since they alone decide to whom they will lend, they effectively decide what is produced, where it is produced and who produces it, all on the basis of profitability to the bank, rather than what is beneficial to the community.  By supplying credit to those of whom they approve and denying it to those of whom they disapprove bankers can create boom or bust and support or undermine governments – sabotage.

Bank credit is banks counterfeiting the nation’s currency without lawful authority.  Counterfeit money is imitation currency produced without the legal sanction of the state or government. Producing or using counterfeit money is a form of fraud or forgery.

Today we can see the ill-effects that bank counterfeit money has on society: a reduction in the value of real money; and increase in prices (inflation) due to more money getting circulated in the economy – an unauthorized artificial increase in the money supply; a decrease in the acceptability of paper money; and losses, when traders are not reimbursed for counterfeit money detected by banks, even if it is confiscated.

Gold and silver coins were removed from our money supply and removed as backing for our paper currency by the bankers and replaced with debt (or credit). Credit is only in our minds. It is an idea, not a thing. It is expressed by bookkeeping entries and computer symbols.

Title 12 United States Code Section 152 says: “The terms lawful money or lawful money of the United States shall be construed to mean gold or silver coin of the United Sates.”  No work is used, nor any printing is done, in the creation of credit other than a booking entry.  Credit is used to take wealth using numbers where numbers of nothing are exchanged for things of substance and value. This grand theft occurs in full view unnoticed because the public has been made an accessory to the crime by accepting pieces of paper with numbers on them in place of lawful money, not knowing the difference between worthless “notes” and lawful money.

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