DP Tool Club 8/CDASC08.ISO/VRAC/CMON_LAW.ZIP/JONMAY.TXT

Text File | 1980-01-06 | 13KB | 219 lines

                 TESTIMONY OF JONATHAN MAY

    Jonathan May formerly worked for the International Monetary Fund
in England.  In the early 1980s he came to America with a plan to release
Americans from debt to the banking system by employing the same "credit
creating" system used by international banking.  The law governing this
system is the Uniform Commercial Code (UCC).  May was initially successful.
Eventually, however, he was targeted and imprisoned by the banking system.
He is now in a Federal prison in the midwest.  While in prison he was
interviewed by Lindsey Williams via phone.  The following is the text of
that interview.

    "There are thirteen families which effectively control the central
banks of the  hard currency countries of the world.  The hard currency
countries are those whose currency is not allowed to fluctuate as much as
the other countries' currency fluctuates.  These thirteen families have
the control of the policy-making and decision-making of the central banks of
those countries.  They all practice fractional reserve banking.  Fractional
reserve banking has allowed the central banks to permit the prime banks to
lend up to twenty-six units of currency for every one unit of currency they
have on deposit.  The owners and controllers of the prime banks are the same
people who own and control the central banks.
    The initial final stage of System 2000 was put into effect in the
mid-seventies.  System 2000 is the global creditors unilateral totalitarian
plan for the control of the world.
    A Pentagon official and three other U.S. government officials went to
the Prime Minister of Nigeria.  They paid him $50,000,000 to more than double
the price of body light crude oil.  This is the crude oil of Nigeria which is
some of the most valuable crude oil in the world.  At the same time that the
Prime Minister of Nigeria was being persuaded, other Trilateral Commission
members were in the Middle East persuading the Middle East nations and
England to consolidate OPEC.  The deal cut with the Middle East oil producers
was that the oil buyers were prepared to pay significantly higher prices for
oil if the Middle East nations would invest the revenues in the big banks in
America.
    Sheik Yamani's nephew assured us that Sheik Yamani and other oil min-
isters did not know until late in the seventies or in the eighties that the
controlling interest of the prime banks is held by the same people who have
the controlling interest in the major oil companies.  They control through
a joint stock trust which was set up by the original Rockefellers here in
America in 1870.  This was three years before the United States government
declared joint stock trusts illegal in 1873.  It is this entity which is the
ultimate controlling factor in America of the prime banks, the Federal
Reserve, the major oil companies, and many other multi-nationals.  This trust
is in joint control of the Rockefeller Foundation and their European interest.
    The deal cut with the Saudis, the Kuwaitis, and the middle eastern
peoples was that they were to put their money in the prime banks in America.
They did not know that the prime banks were able to lend twenty to one.  All
they were to receive was the interest on the money they deposited for between
ten to thirty years.  They were to receive the principal at the end of the
term.
    Because they had locked-in deposits from the Middle Eastern nations,
the banks were able to make loans to the Third World nations.  The banks
relied on the greed of those ministers of those Third World nations to mis-
handle the money.  Over the years, that manipulated greed has caused those
countries to be in the bankrupt position they are in today.
    In 1981, I found out that the Hunt brothers of Texas and John Conley,
the Governor of Texas, who was also the Under Secretary of the Treasury, had
secretly tried to implement a new currency for Texas.  They could legally do
this because Texas is only a part of the United States by treaty.  This
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treaty is automatically renewed every year.  It has become a tradition,
obviously, that it is renewed every year because it is not actually,
physically, renewed every year.  This made it possible for Texas to create
its own money.
    The Hunts were in partnership with the Shah of Iran, a German bank,
and an Austrian bank.  The Hunts made one mistake.  They were buying and sell-
ing silver irresponsibly.  They had one man doing both buying and selling on
the same floors in all the exchanges.  Wor got out and the result was that the
German banker was murdered, the Ausrtrian banker was so badly beaten that he
will never get out of a mental institution, and the Hunts are virtually bank-
rupt today.  The Hunts had sixteen billions in worth at the time.  The Shah
was perfectly healthy when he left Iran.  He was only declared sick when he
arrived in America.  He was held in "protective custody" in military bases
where he was treated and became progressively worse and ultimately was shipped
off to die.
    In 1983, we became aware of the fact that a group of very, very quiet
bank holding companies were extending credit wherever they felt like it, under
whatever terms they felt like.  They are authorized under Regulation Y,
Section 225.4 of the United States Code to extend this credit.  Those compan-
ies were receiving loans from the prime banks.  With this money they were
buying foreclosed real property and businesses with bricks and mortar from
liquidations, foreclosures and bankruptcies.  These were bussinesses which
were affected by FDIC and FSLIC foreclosures.  We could not understand this,
and between 1983 and 1985 we researched it and still could not understand it.
    Then we found the answer in 1985 when we were approached by an emissary
from President Marcos of the Philippines and President Saharte and others from
Indonesia.  They had a severe problem.  Their problem was that, having borrowed
all the money that they had borrowed, they now needed more money.  The only way
that the International Monetary Fund was prepared to lend them more money was
if they would do three things:
1. Eliminate their own currencies and become Dollar denominated.  This
   would eliminate cash altogether.
2. If they would go to a unilateral centralized credit card system.  This
   was to be a part of their Social Security system, part of their identity
   system whereby everybody in the country would have a Social Security
   number which would be synonymous with a credit card number.  Their
   Central Bank was to act as the wholesaler for credit which was extended
   to it by the new super bank.  This was announced by Paul Volker on the
   27th of October, 1985.
3. In order to help the economies of those countries, the International
   Monetary Fund was going to nominate external non-domestic corporations
   to properly engineer, exploit and excavate the minerals from those
   countries in return for PERPETUAL ROYALTIES.  This excavation would
   bring prosperity to the nation.  Marcos was sharp enough to pick up on
   the word PERPETUAL, and realized he would be signing away the sovereignty
   of his nation.  He was not prepared to do this.  Marcos approached us
   through his emissary, Colonel Christopher Banis.  We were aware of this
   offer made by the International Monetary Fund through our connections
   in London who are close to Sir Jeffrey Howe.  If they agreed to the
   International Monetary Fund's terms and conditions, they were to have
   their existing debts forgiven, absolutely.  New lines of credit were to
   be extended to them and the new lines of credit were to be under better
   terms and conditions.
    When we heard the term PERPETUAL, and when we heard the words
"Totally forgiven", we immediately began to recognize what was happening.
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Another group of holding companies was operating with the previous group of
holding companies.  The second group of holding companies was receiving credit
from the first group to purchase assets and liabilities from the prime banks.
The only liabilities they were purchasing were the liabilities represented
by the deposits of the Arab nations.  The only assets they were buying were
the assets represented by the loans made to some of the debtor nations.
    It then became clear, through our own people in the Trilateral Com-
mission, that the forgiveness of the Third World debts would eliminate the
assets which were being purchased by this second group of holding companies.
This left them only with the liabilities that were owed to the Middle East
nations and being serviced by the prime banks.
    The Arab nations had no idea that these liabilities were now owed by
the holding companies and that the debtor nations had stopped paying the
prime banks.  The prime banks' and holding companies' arrangements were that
the prime banks were to act as servicing agents for the holding companies so
that the Third World nations would not know that the holding companies were
owed the money.
    The effect of the elimination of the assets of the second group of
holding companies is threefold:
1. The holding companies would be insolvent and would legally be able to
   declare themselves insolvent.
2. They could legally and legitimately avoid payment to the Middle Eastern
   Nations.
3. The Middle Eastern Arab nations will have to liquidate all their other
   assets.  These assets are represented by U.S. corporate ownership and
   many billions of dollars worth of U.S. stock.  The effect of the Saudis
   and Kuwaitis and the Middle Eastern people's sale of even 25% of their
   total holdings on the U.S. market would be absolutely chaotic in terms of
   the stock market, real estate and everything else.
    The catastrophic effect has been designed to throw the American
stock market, the American corporations, the American real estate, and people
in general into a state of confusion.  The plan is that this state of con-
fusion will be greated with the salvation of the benevolent bankers on three
fronts:
1. They propose to eliminate cash because of the collapse.
2. Stop drug trafficking because the drug traffickers would now have no money
   to use.
3. Stop tax cheating.
               NOBODY CAN ARGUE WITH ANY OF THESE REASONS.

    It is at this point that they intend to implement a mandatory credit
card identity Social Security government.  There will be an I.D. card which
will be satellite linked through the "Star Wars program".
    Only 40% of "Star Wars" has anything to do with defense.  60% is
designed for transmission of banking information instantaneously to the central
banks which will be the super banks into which all the major banks of the world
will be linked.  The super bank is to be the wholesaler and the prime banks
are to be the retailers in the foreign countries that have capitulated to the
International Monetary Fund's program.
    It inly takes 5% of the total debtor nations to equal all of the
deposits of the Saudis that are in the banks.  The reason for this is the
twenty-to-one ratio of fractional reserve banking.  In works in contrary
reverse.  It doesn't take many nations to agree to the International Mon-
etary Fund's proposal for the total volume of money owed to equal the total
volume of money on deposit from the Saudis.  Twenty debtor nations have
already agreed to the International Monetary Fund's proposal.
    The resultant collapse of the second group of holding companies will
precipitate the Saudis' and Kuwaitis' liquidation of assets.
    When the second group of holding companies are unable to pay the
private group of bank holding companies the money they owe them from the
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credit extended to them to buy the assets and liabilities, it will precip-
itate those bank holding companies inability to pay the loans extended to them
by the prime banks to buy the foreclosed land which was used as collateral
to secure those loans.  Ultimately, the prime banks will end up with all the
properties.
    President Garcia of Peru announced in February of this year that they
were absolutely not going to pay the International Monetary Fund.  Rockefeller
himself went to Peru in February of 1986.  Rockeffeler personally made the
offer to Garcia of the three-point proposal which was mentioned earlier.
Garcia told David that if he wasn't out of the country in twenty-four hours
that he would have him arrested for racketeering.
    You will see the foreclosures on real property in America stepped up
drastically by the FDIC and FSLIC.  They are using gangsteristic tactics to
achieve their objective for their masters.
    Since the advent of the manipulation of the oil producing countries
to sell all their oil in U.S. dollars, the entire world trade is now denom-
inated in U.S. dollars because of the volitility of all the other currencies.
The entire trading volume of the world will be totally and absolutely beholden
to the super banks.  When System 2000 is put into effect, the super banks will
be the only source of "U.S. Dollars" credit.  There will be no cash."

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