FRAUD BY ABUSE OF POSITION

(or how to get Bilderberg in the dock).

Section 1 of the Fraud Act 2006 states;

1 Fraud
(1) A person is guilty of fraud if he is in breach of any of the sections listed in
subsection (2) (which provide for different ways of committing the offence).
(2) The sections are—
(a) section 2 (fraud by false representation),
(b) section 3 (fraud by failing to disclose information), and
(c) section 4 (fraud by abuse of position).
(3) A person who is guilty of fraud is liable—
(a) on summary conviction, to imprisonment for a term not exceeding 12
months or to a fine not exceeding the statutory maximum (or to both);
(b) on conviction on indictment, to imprisonment for a term not exceeding
10 years or to a fine (or to both).


Section 4 of the Fraud Act 2006, as referred to in Section 1 subsection 2 (c) above, states;

4 Fraud by abuse of position
(1) A person is in breach of this section if he—
(a) occupies a position in which he is expected to safeguard, or not to act
against, the financial interests of another person,
(b) dishonestly abuses that position, and
(c) intends, by means of the abuse of that position—
(i) to make a gain for himself or another, or
(ii) to cause loss to another or to expose another to a risk of loss.

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OK.

1. are the banks in a position in which they are expected to safeguard the financial interests of another person, or persons, i.e. the general public? Yes. Our wages are paid directly into accounts we hold with them, so they effectively have control over our wages because in order to use our wages for food, shelter, etc the banks must give consent that our money can leave our account. Once our wages are in their evil clutches they can use it as a base to create more and more money for themselves, which they have since abused (see below). They are entrusted with the power to create money while nobody else can, but in order to create that money they require other people's money, or a request such as for a loan, to act as the base on which the inverted credit pyramid can be built. The question is, who is supposed to benefit from that created money? Us, by the banks financing industry, trade and commerce to keep the economy stable and growing, or the banks by providing them with very large amounts of money to gamble away in the full knowledege that we depend on them too much so that if the gambling fails then the government will bail them out with our tax that we paid for schools, hospitals, nurses, teachers, etc.

2. have the banks dishonestly abused that position? Of course. Hell, yeah! They created a housing bubble by making credit very easily available to jobless no hopers and gambled the resulting debt instruments away as derivatives, and have then managed to get the government to bail them out, but the Bilderberg link can be dragged into court to explain that one. Oh, how Brown could sing like a bird as he recalls his happy time at Bilderberg 1991. Why did Bilderberg Brown arrange a bail out of £5 billion for Bilderberg McKillop of RBS?