Daly v First National Bank of Montgomery

From the movie "Zeitgeist: Addendum", the 1969 trial of Jerome Daly vs the First National Bank of Montgomery. A Minnesota Trial Court's decision holding the Federal Reserve Act unconstitutional and VOID; holding the National Banking Act unconstitutional and VOID; declaring a mortgage acquired by the First National Bank of Montgomery, Minnesota in the regular course of its business, along with the foreclosure and the sheriff's sale, to be VOID. To be short and sweet, banks can't legally foreclose on your house because the money put up by the banks never actually exists and makes the contract void.

Category:

Education

Tags:

• daly
• foreclosure
• illegal
• zeitgeist

[cdimmm]

@philnoll the force of code is only created by your consent. There are only 3 laws that i know of.

[se7ensnakes]

Congress shall have the power to coin money, regulate the value thereof. We live in a constitutional republic therefore, anything contrary to the constitution is illegal.

[philnoll]

@se7ensnakes I hear you, and I agree with the sentiment. But technically, its not counterfeiting if it has the force of law behind it, which it does. Some might argue that its unconstitutional, and others may think that its just morally wrong, and again I heartily agree with the sentiment. I was just urging people not to go try it out, thinking there is some legal loophole, because you wouldn't be able to find a judge these days to back you up.

[se7ensnakes]

@philnoll No that information is not critical. What is important is what happened in that court room. If you proof that commercial banks are counterfeiting, who cares if the court had the right to question this or not? Also the income tax is issue is irrelevant to banks counterfeiting, the two are separate issues.

[se7ensnakes]

We need to make FRACTIONAL RESERVE BANKING ILLEGAL. Make banks 100% reserve banking. Then end the fed. The money should be stable and no one should be allow to inflate legal tender money. Any private entity inflating the currency is a type of slavery.

[NYzwolf]

@hardcider09 Only if they realize it and want to.

Most people are ignorant and do not know the difference between banks counterfeit credit and money so to 80% of the population they wouldn't even care so long as they can "spend it".

The banks are committing fraud it is true, but the fraud is so embedded that the system is now in free-fall collapse, the only way to fix this is for the govt to issue debt free money and discount all debt against it by matter of executive order, fat chance.

[baezalejandro]

@philnoll i think that even though he left that info out (maybe out of ignorance or something else) the point was that it DID happen and a JUDGE did side with the Constitution.

of course though for one to argue this in court they do so at their own risk becuz the courts always come up with some bogus convictions.

[philnoll]

@baezalejandro Ah yes. True the judge died, but I would say evidence of assassination is sketchy and based around a conspiratorial starting premise. Cheers.

[baezalejandro]

@philnoll ok, got yah. but from my understanding the judge refused to accept the federal reserve notes for payment of the appeals fee of $2 and they had him killed 6 months later.

the reason it was overturned was due to a technicality. and since the judge was dead the case was supressed

[philnoll]

@baezalejandro The misinformation I was referring to is that he won the case, and got away scott free. Zeitgeist, and others who cite Zeitgeist do not mention that the decision was made by a Justice of the peace, who did no have the authority to make such a ruling, and it was subsequently overturned. So it didn't set precedent. Jerome Daly was later convicted of willingly failing to pay his taxes, and he was also disbarred. This is all critical information that's left out.