Archive for May, 2011
ANALYSIS OF A COUNTRY EMBEZZLED
Posted by cadmar1944 in Education, Law Research on May 28, 2011
As an investigative research specialist I have been, for over a decade now, following the money trail so to
speak of the who, what, when, where, how, and why crucial elements of America’s financial slow death.
This research has not been an easy task but through persistence and perseverance it has been fruitful. With
the assistance of many others across America and Canada on this same quest our combined work exposing this
devious plan to overthrow the world through financial domination has now been nearly fully exposed, the key
players now stand naked before us with nowhere to run and certainly nowhere to hide.
This paper will not provide the reader with all the documented evidence gathered though the years,
however, it will provide the pattern exposing the means, method, motive, opportunity and intent of this diabolical
event that has left no corner of the world unaffected.
The reader must understand that it took centuries and generations to get where we are today, which is
nearly the peak and grand finale of this attempted one world order. In following a pattern of crime one must always
follow the money, This will be explained to the reader how this international theft has converted everything of
monetary value into the few and mighty, known as the “Banksters.”
Some of the documents read to follow this trail date back to 1199. Others date to 1213, that being the “
Magna Carta 12151” ‘“The Privileges and Prerogatives Granted by Their Catholic Majesties to Christopher
Columbus April 30, 1492”2 also is part of the evidence exposing this worldwide fraud.
Numerous Charters read are dated in the 1600’s, including; “The First Charter of Virginia April 10 1606,”
“The Second Virginia Charter 23 May 1609”, “The Third Charter of Virginia; March 12, 1611,” “The Charter of
New England : 1620,” “Charter for the Province of Pennsylvania-1681,” “Charter of the Corporation of the Bank of
In 1826 came the Bankruptcy Law which came under “Agriculture”.
Additionally, documents dating back to 1863 include the letters to and from The Rothschilds found in
“Vindication” and further explained in “A Country Defeated In Victory Part II (see pages 2-6)by James
Montgomery.”4 The letters found in these documents even include the mathematical formula the Rothschild’s
crafted showing intent and how the bank notes will provide such a great profit no one could resist the investment
and those uneducated will bear the brunt of the burden.
Also put into play in 1863 is the First Bank Act, that of which Abraham Lincoln could see what the future
held for America and drafted The Lieber Code, also known as General Order 1005. President Lincoln placed the
military in charge of Americas real money protecting the assets from the cancerous international bankers
spreading to anyone coming in contact with the toxic Rothschilds blood with no antidote but for those blue bloods.
In 1867 The Reconstruction Act was passed placing the country under military authority, to which
Andrew Johnson vehemently opposed and drafted his veto.
In 1907, The Corporation Trust Company of America was created as a Delaware Corporation, later
amended on April 15th 1930 to The Corporation Trust Company, now omitting the words “of America” as it now
1 h ttp://avalon.law.yale.edu/subject_menus/medieval.asp
2 h ttp://avalon.law.yale.edu/subject_menus/15th.asp
3 h ttp://avalon.law.yale.edu/subject_menus/17th.asp
4 `Vindication’, pages 168-179, by Judge Rutherford [and appeared in a St. Louis Mo. in the 1890’s:]
5 THE LIEBER CODE of April 24, 1863 also known as Instructions for the Government of Armies of the United States in the Field,
General Order No 100, or Lieber Instructions signed by President Abraham Lincoln
had become a worldwide Corporation through which every deed, document, contract and securities is funneled6.
…. “To keep and maintain safe deposit vaults and boxes and to take and receive
upon deposit for safe keeping and storage stacks, bonds, securities, papers, books and
documentary records and personal property of every sort or kind, and to let out vaults,
sages and other receptacles.
To promote, reorganize or otherwise assist and afford facilities to any company or
companies organized or to be organized under the laws of the State of Delaware or
elsewhere and desiring to do business in the State of Delaware and elsewhere, and to act
as the agent, trustee or otherwise for and in behalf of such corporation”….
In addition to the above reference documents numerous Congressional Records were also diligently
studied to obtain evidence of a pattern of fraud committed worldwide. Some of those Congressional records are
The Federal Reserve Act of 19137, and Trading with the Enemy Act of19178
“…On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of
Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United
States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL
CONVERSION, AND TREASON.
The petition for Articles of Impeachment as thereafter referred to the Judiciary Committee and has
YET TO BE ACTED ON9.”…..
The U.S. Bankruptcy of 1933 is yet another key in this expose’ of international fraud committed by the few
elitists claiming all worldly rights.
Also part of this devious plan is The Bankruptcy Act of June 27-28 1934;
“…To amend an Act entitled “An Act to establish a uniform system of bankruptcy
throughout the United States”, approved July 1, 1898, and Acts amendatory
thereof and supplementary thereto.”…..10
June 28, 1934,.Is.3550.1,[Public, No. 486.]
Even further documented evidence supporting the intent of world domination is shown through the
Congressional Record of 1940.11 This document shows that the vying parties were the Jewish money changers and
the English Colonists, which were explained in greater detail in the Charters listed above.
After 1940 in this intentional chain of events comes the International Organizations Immunities Act of
December 9, 194512
In 1946 the United Nations Charter was drafted, but the US Bankruptcy of 1933 shows that that act was
done through The UN, which for anyone who can do the math will clearly see was 13 years before the UN existed,
further establishing the intent, forethought and malice in the plot to rule the entire world through the Rothschild’s
International Banks, already indebted to the Vatican, which would now be aiding and abetting as a co conspirator
6 Certificate of Incorporation of Corporation Trust Company of America, 26th day of March 1907
7 Federal Reserve Act, 1913
8 Trading with the Enemy Act Oct 6, 1917-HR 4960
9 Congressman McFadden on the Federal Reserve Corporation Remarks in Congress, 1934 AN ASTOUNDING EXPOSURE
10 CONGRESS. SESS. I. C S. 868, 869. JUNE 27, 28, 1934. 1289
11 US Congressional Record Proceedings and Debates of the 76th Congress, Monday August 19, 1940 Third Session, Debate of Honorable
Judge Thorkleson, Steps Toward British Union, a World State, and International Strife—Part I
12 International Organizations Immunities Act, December 9, 1945 AN ACT To extend certain privileges, exemptions, and immunities to
international organizations and to the officers and employees thereof, and for other purposes
as the Vatican is also known as “Banco Vaticano,” meaning Vatican Bank.
There are so many documents providing irrefutable evidence of this intent to control the world’s wealth by
the banks that the reader would become overwhelmed before even getting to the best part of this plot.
Though between 1946 and today, there is just as much evidence to disclose of the continued bank fruad
that it would be easier to incorporate in entirety by reference previously entered documents and testimony as public
records by those across America who have provided the [courts] additional supporting facts and records but since
the courts are acting by/for/with/through/under the banks the cover up that exists is greater than or equal to the
initial diabolical plan itself.
The phrase”He who owns the gold makes the rules” certainly applies here. This includes, making, taking,
faking and hiding the gold, wherein there is no honor among these thieves.
Now that the plan is exposed by diligently following the paper trail left behind by these careless actors the
reader should now turn to definitions employed so deceitfully the average person scans right over the evidence not
catching the twisted version of truth right before their eyes. Watch and learn how this is done.
Definitions to pay close attention to, now with a different perspective will be addressed. Again, the entire
Webster’s Dictionary could be thrown in here as well as Black’s Law Book, but not to confuse the reader only those
terms directly relevant to this intentional bank fraud by design will be addressed. However, the readers initiative to
delve deeper is urged.
Operative words are; ”DEBT” that which is common to nearly all as the plan is to keep one under that
immovable boulder. This word is defined in Black’s Law Book, Abridged Fifth Edition as;
“A sum of money due by certain and express agreement. A specified sum of money owing to one
person from another, including not only obligation of debtor to pay but right of creditor to
receive and enforce payment. Bankruptcy Act § 101 (11).”
Note this refers back to the Bankruptcy Act. This Act placed the American people as the Creditors, and the
United States as the Obligator, the debtor,. It was established that Americans signatures were to be used as credit,
BUT,. the other side of the coin is that the United States and their Trustees, were to charge off ALL debts. As in
What in fact has occurred instead, is, the thievery through fraudulent securitization of Americans and all
other countries people (See Corporation Trust Company) by use of the peoples signatures, but not charging off the
For example, when paying utility bills now employing the newly discovered extrinsic evidence, it is
clearly obvious to anyone that a utility bill is sent to the individual, who then either writes a check, or pays the
“bill” in Federal Reserve Notes (See the Letters to/from The Rothschild’s). Now the utility company takes that
“Note”, and converts it into a “Convertible Debt”
“Debt which may be changed or converted by creditor into another form of security, e.g. Shares
This now shows that after paying one’s utility “bill” with nothing more than another debt, the
utility company has now converted the Corporation into the Creditor, and the person paying the “bill” is
now unknowingly becoming the debtor, but the Comptroller of the Currency, The US Treasury and the
United States as the Obligator have not charged off any of the debt, but rather reinvested into their own
private Corporations for municipal bonds and grants etc, dealing those profits out to themselves, after
fraudulently converting and stealing from the people who are, in fact, the Creditors of the US Bankruptcy
of 1933, and whom Abraham Lincoln protected by drafting The Lieber Code.
This is how the theft of Americas wealth is being committed right under everyone’s nose and right before
their eyes. Additionally found in Black’s Law under “Debt” “Fraudulent Debt”
“A debt created by fraud. Such a debt implies confidence and deception. It implies that it arose out of a
contract, express or implied, and that fraudulent practices were employed by the debtor, by which the
creditor was defrauded.”
Again, this is clearly explained above, however the reader should be grasping this intentional fraud and
becoming aware how this has been played against anyone ever paying any utility bill in America. Utilities, by the
way include; water, sewer, electricity, telephone, and department of transportation.
In order for these thieving International, National, Federal, local or subsidiary banks to access the true
Creditors, that being the people of America, and this does apply around the world as well, this twisted truth by
intentional fraud is so blatant and egregiously committed that even the local police and or sheriff departments are
oblivious to the crimes committed using them as enforcers of and co conspirators in this racketeering operation, a
design crafted originally by the Rothschild’s, and their banks including key players not limited to Federal Reserve
Banks and JP Morgan, Prescott Bush, Union Bank, to name a few employing all the utility companies as the
partners in crime, before, during and after the fact, committing and partaking in “Funded Debts”
“Debt represented by bonds or other securities”.
Utility companies fraudulently receive what the utility customer believed to have been a payment for
services provided, but it was all actually a fraud committed by the utility company turning the true creditor into a
debtor through fraudulent means, then cashing in the “Notes” for “real money”, then further yet fraudulently
pocketing those ill gotten gains deeper into their Corporation fraudulently converting into and obtaining bonds,
which may include municipal bonds for developments, further placing the American people (and other countries
people) into debt upon moving into such buildings now considered “The Debtor in Possession.”
This entire devious plan is so well orchestrated as the Rothschild’s explained so much money was to be
made the average people wouldn’t understand but bear the brunt of the burden as defined pages 2-6 in “13”
The definition of “Debt” now takes the reader to “Debenture”
“A promissory note or bond backed by the general credit of a corporation and usually not
secured by a mortgage or lien on any specific property.
Certificate issued by customs to an importer for the deduction or refund of duties on
merchandise imported and then exported by such importer.”
This then defines “Convertible Debenture”
“Debenture which may be changed or converted into some other security (e.g. stock) usually at
the option of the holder.”
13 A Country Defeated in Victory Part II
The reader should easily follow this deceitful trail now clearly seeing the path of destruction left
behind these bankers and every utility company, fraudulently turning every American, and all the people
around the world into a “Debtor,” themselves into the “Creditor” and fraudulently converting Americans
and all the other countries assets into liabilities with the bankers intent to own the world through debt.
Take this another step further. All licenses that Americans are “ordered” to have are also based
on this US Bankruptcy Act of 1933 that was designed to rob the people.
However, licenses were another way to securitize on the people’s signatures, as are any credit
cards the reader my own, again, the debts were to be discharged bu have been fraudulently converted into
private corporate stocks, bonds, securities and other profits, then underhandedly shifted into other
unsuspecting countries to commit the same as a perpetual Ponzi scheme that has no beginning or end, the
Alpha-Omega of all crimes against mankind, that is until the second coming of Christ, for which this
author awaits anxiously.
This expose’ isn’t through yet. The reader may now employ all of this newly discovered
evidence, hopefully explained to a clear level of understanding, incorporating this same game of
securitization fraud, but now overlay it over the judicial system.
Every single court across this country is a co conspirator to this sinister crime of perpetuity. How
so one might ask? Federal judges are signing standing orders to invest all the court cases through the
Court Registry Investment System, directly deposited into the Federal Reserve Bank located in
Every court case is assigned, by the court administrator, a US Treasury Public Debt number,
placed onto the court document, including but not limited to traffic citations, after the unknowing
participants in the case have received their copy of the same, but without the added monetary
transformation of that instrument into a financial transaction, which is the definition of a securitization.
After the Public Debt number is obtained, which now converts the instrument into a counterfeit
obligation pursuant to USC TITLE 18 § 472 et seq.473;474;, now the court administrator additionally
counterfeits the same obligation by adding a CUSIP© number.
CUSIP© is the acronym for Committee on Uniform Securities Identification Procedures. It is a
copyrighted registered trademark of The American Bankers Association. This means only one of two
things. Firstly being the court administrators are knowingly committing copyright infringement violations
in addition to uttering counterfeit obligations, and/or secondly that the court administrator must
obviously be a member of the CUSIP©.
Now the courts have fraudulently converted every court case into a banking financial securities
instrument, fraudulently converting the court into the creditor position and the respondent/plaintiff in the
matter now unknowingly converted into the debtor. To make matters even worse for th judges, they are
acting with a vested interest with insider knowledge as insider trading in addition to violations of judicial
Further still, judges are to act without bias, to make rulings on the merit of argument, but instead
are making financial investments on every case, knowing the exact meaning of every number and/letter
applied to and now written on the face of the instrument in all cases in the form of the CUSIP© and are
now ruling based on futures rather than rule of law, evidence, oral or written argument.
Additionally, the courts are also committing tax fraud by shifting the debt created by every
particular case back onto the individual who is the actual Creditor, then fraudulently conveying the case
into an investment instrument to be deposited into the Dallas Houston Texas Federal Reserve which now
shifts money from the Creditor side of the transaction into the pockets of the Debtors side, deceptively
laundered now as a fraudulent debt into Corporate assets, converted again into bonds, stocks, and grants
given back to the county deceptively through the Department of Transportation now squeaky clean after
the laundry process. (Please refer to “Debenture,” “Convertible Debenture” and all the other definitions
This “Analysis of a Country Embezzled” is but only a summarized version so as not to burden
the reader with centuries of skilfully drafted plans and other devious activities of the Banks that even
Abraham Lincoln acted to protect us from paying the ultimate price as a result.
The reader should take the initiative to research all the key utility companies. For gas and
electricity, start with ENRON. For telecommunications, start with ENRON. For wind and turbine, start
Bear in mind the reader should also follow the judicial fraud deep into the federation of county
state municipal employees. This is a union dues paid membership union that includes correctional
facilities. This goes clear into The Federal Prison Industry Inc, dba as UNICOR.
When researching UNICOR, start with ENRON, end with Halliburton. The reader may choose to
cross reference some of the Clinton’s numerous entities found in Delaware, where one my find the missing
16 metric tons of gold that inadvertently was “redirected” en route to China, mistakenly replaced with
tungsten, another fraudulent conveyance from the actual Creditors the Americans people, the Debtors,
that being the banks, federal employees pursuant to section 3 of the 14th amendment as Trustees, and
other county, state, city and other government are now wrongfully in possession.
The intent of this article is to show the reader how to follow the evidence of the crimes
perpetrated against the American people beginning with the International Bankers who slyly infiltrated
this country via England by/through drafting treasonous legislation to take that which is not theirs.
There is no statute of limitations on fraud. And the second coming of the Messiah is closer than one thinks.
All God given rights reserved in perpetuity
May 26, 2011
THE LAWFUL BANK
Posted by cadmar1944 in activism, Education, freedom, Law Research, new world order, Unity on May 25, 2011
Please Join The Fight Here – Lawful Bank.
The lawful Bank provides a gateway to ‘The Alternative Monetary System’ (TAMS) – a new and independent monetary and banking system owned and controlled by its users/members. The objective of TAMS is to take back control of the money supply for the benefit of the people of the nations that choose to use it… and by so doing, reassert the sovereign right of the people to self-governance – for a nation cannot truly govern itself unless it is in full control of the means by which its money is created.
That most nations around the world do not control their own money supply is not well known – but it should be – and it is our intention therefore to educate as many people as possible about this issue and explain its significance in terms of the impact it has on our freedoms.
TAMS has been developed to counter the destructive modern-day banking system that is the sole cause of the massive debt mountains that are now the burden of virtually every nation on this planet. It is our contention that people should be educated to the fact that the national debt would not exist if the creation of money was directly controlled by our elected government and that also, if this were the case, the taxes we pay could be dramatically reduced.
TAMS provides the means by which national debt mountains can be extinguished – for the universal benefit of us all – by creating streams of positive financial liquidity in the hands of the people – instead of the streams of negative debt that have been placed on the shoulders of national governments and which are being paid for by ever-increasing taxes. It is a statement of fact that these debt mountains were entirely unnecessary and exist simply because the political elite in national governments have been ‘persuaded’ (some would say bribed) to hand over the control of their nation’s money supply to the international banking cartel. In our view this is nothing short of criminal collusion.
“I sincerely believe the banking institutions having the issuing power of
money, are more dangerous to liberty than standing armies.”
Permit me to issue and control the money of a nation,
and I care not who makes its laws.
Mayer Amschel Rothschild
YOU can help change things.
Please sign up to the Lawful Bank now. use the subscribe link to the left of this ! (Read the details at your leisure.) Please note, you are not making a commitment at this stage, you are merely expressing an interest, which will provide us with an early indication of the level of support that we might expect. The success of TAMS depends on our ability to co-ordinate our efforts and work to a common agenda to take back control of the means of money production and by so doing – reassert our sovereign rights.
The lawful Bank, serves as a conduit to TAMS via this web site. By signing up to The lawful Bank you will (in due course) avail yourself of the benefits of membership of this unique monetary and banking system, the essence of which is to distribute to the people the grotesque profits being skimmed by greedy bankers from the nation’s economy.
TAMS, with no shareholders to satisfy, is able to distribute all profits to its members and provide benefits that no other system can provide (see benefits below).
The fundamental principle of TAMS is that each nation’s money supply should be in the hands of the people, for the benefit of the people – and not controlled by privately owned central banks, as is the case with the present international monetary/banking system.
Understanding money, its creation and the means by which the main political parties are controlled is vital to understanding the controls that the banking cartel places on each one of us personally by virtue of the control that the banking fraternity imposes on our system of government.
An honest government would take back control of the money supply.
We would like people to start asking the question
‘Why don’t they?
The answer is of course that the political establishment is universally in the pocket of the banking fraternity and that this is the sole reason why so many politicians end up with lucrative directorships or consultancies with and for the banks.
An honest politician that voted in favour of taking back control of the production of our money supply, for the benefit of the nation, would not make a single penny from that decision… but the same cannot be said for voting for the status quo – i.e. leaving the production of the money supply in the hands of a private banking cartel… which rewards its sponsors (politicians) very well indeed.
TAMS – member banks.
All banks that are members of TAMS have the capacity to offer a range of unique benefits to its members because it operates independently of the existing system – i.e. beyond the control and influence of the interest based global system.
TAMS recognises the absolute sovereign rights of the individual and the sovereign rights of nations as created by the voluntary joining together of individuals of like-mind and shared national ambition and objectives.
TAMS has been created as a tool to serve the interest of sovereign men or women and to help assert global freedom.
Any group of individuals from any nation may establish their own independent bank and sign up to the TAMS charter… which confirms its universal ownership by its users, to be operated in accordance with the principles agreed by the majority of its members.
TAMS is managed in accordance with these principles by a team elected by the membership on the basis of one member one vote. The managers of TAMS are not born into their position or come to it via membership of an exclusive international club of elites.
The benefits TAMS will offer: –
• Interest free loans for home purchase – subject to an arrangement fee only.
• Interest free loans for businesses – subject to an arrangement fee only.
• Interest free loans for cars and other household goods – subject to an arrangement fee only.
• Interest free funds for community projects – subject to an arrangement fee only.
• Bonded car insurance – at massively reduced annual premiums – approx £100 per vehicle – subject to payment of a security bond of about £500. There are no investors to pay.
• Higher interest payments to deposit accounts – achieved through direct loans to other members.
• A large network of community branches.
• A positive credit system – for every £1 of cash deposited, each member creates £10 credit in their account. This credit (created by the system) on the back of the cash deposited is the property of the member and thus not a debt to the member. This will provided streams of credit to the system – and not debt.
To name just a few of the many benefits available.
TAMS also operates in conjunction with The Common Law Courts and The New Land Registry.
Please sign up now
It is a formidable undertaking to try and explain The Alternative Monetary System (TAMS) and its benefits in a few short paragraphs – suffice it to say at this point in time that the benefits are real and substantial. We invite individuals to sign up and take the time to read a more detail explanation of how the system works at your leisure… including how you can set up your own profit making branch in your community.
IMPORTANT: TAMS is not currently in operation… the system, although fully developed will not be activated until it has a minimum number of members in order for it to function effectively and for the maximum benefit for members – we are inviting YOU to join now and help make up the critical mass of members that we need.
This is a people based project that needs individuals to sign up so that through the collective power of the many, each one of us may benefit individually… but we need NUMBERS to breathe life into this project – we need your support.
Please sign up now (use subscribe link on the left)
There is nothing to pay at this point in time. When there are enough members signed up, sufficient to make the system viable… we will email every member and ask them to pay a one-time-only subscription of £10 (or international equivalent) – to help pay for the operational costs of the system. At this time also we will have in place a board of directors voted for by the members for the proper and transparent administration of these funds.
The Lawful Bank is the first of many ‘new banks’ to come. The Lawful Bank is a partnership between ‘The British Constitution Group’ and ‘The World Freeman Society.’
At the very heart of TAMS is the principle that a nation’s monetary/banking system should be owned and control by that nation, for the benefit of the people. TAMS is an alternative to the present private banking system because national governments refuse to recognise their obligation to act in the best interest of the citizens. TAMS is owned by its members and membership is available to every individual as a right, not a privilege and without restriction.
TAMS operates internationally and gives easy access to low-cost international monetary transfers. In each case, access is via a nationally controlled network of branches, owned and controlled by small groups and communities. These small groups and communities control TAMS through an elected committee who hire and fire the managers of TAMS. The whole system is controlled from the bottom up by members through the democratic process of one vote per member. There are no block votes.
There are no investors to satisfy and no high flying executives on million pound/dollar salaries or city slickers on astronomical bonuses. Our system plays no part in casino banking. TAMS is both safe and cost effective and serves the interest of the sovereign aspirations of individuals.
TAMS is a mirror image of the existing monetary system – it is tried and tested… but with a crucial difference in that there is an entirely different approach as to where the profits are delivered. In the existing system, the profits go to investors, and the people running the bank – with our system the profits are distributed to our members.
Operating an honest banking system is not rocket science… it is merely a record keeping exercise. The complication of banking only arises on the coattails of the deceit and corruption employed by the present system. TAMS steers clear of the greed that has now become the hallmark of today’s banking system… and the casino mentality that drives it.
It is the irrefutable fact that the near collapse of the world’s financial system (which is still a possibility) is directly attributable to the banking fraternities focus on profit, greed and the gambling mentality the pervades in the banking industry.
In contrast and in a similar vain to co-operative banking and mutual societies – TAMS uses the power of a large number of members to generate the benefits that each individual member can tap into: –
Achieving a large membership is the hurdle we must overcome in order to get our alternative system up and running – i.e. we need a critical mass of members to sign up to maximise the benefits available.
Please sign up now
(use subscribe link on the left )
If you have any questions… please feel free to ask, we will endeavour to answer these as quickly as is humanly possible. Email – see bottom of page
Freeman perspective. Disclaimer: Please note, if you see the word ‘register’ within the site, this is because the software does not allow us to change it. In acknowledgement of the meaning of this word in freeman circles, you are advised that this is not an attempt to deprive you of ownership, disempower you or deprive you of your freedom.
TAMS charter. (Please note that this is work in progress)
The Alternative Monetary System (TAMS) is the hub of a network of autonomous branches, each owned by
members of their local communities. No one member can have an interest in more than 3 branches. It is this
extensive network of autonomous community based branches that controls the operation of the hub and not
the other way around – thus ensuring that the hub functions for the benefit of all users/members and that
control of the system can never fall into the hands of a small minority. Any attempts by any individual to
influence more than 3 branches will result in a life-long ban as a branch director.
All branches are profit centres… that is, they are run by their board directors with the aim of making a profit.
Revenues come from earning a range of fees from a variety of services, including providing loans and
The system provides interest free loans… and the branches charge a fee to arrange same.
Borrowers must pay a fee of 10% of the loan value.
If borrowers do not have the 10% fee – they may make arrangements to borrow the fee from other members,
and will be required to pay 10% interest to the lending member and a fee to the Branch.
Anybody can start a branch. Individuals who wish to do so must comply with the start-up rules and find 11
other members to form a board of directors whose job it is to uphold the integrity and honesty of their
branch and operate their branch in complete compliance with the rules. Directors of branches are required
to act as guarantors.
Work in progress.
WFS Global Administrator