How To Ask For Money As A Birthday Gift

International banks declare war on the local

(Eir ) - The clash between local Italian and international banks on derivative contracts will be the litmus test to see whether the constitutional right to be able to keep up with the "post-Westphalia European law, based on theft. After numerous local authorities have resorted to the courts to reject the fraudulent derivatives, banks have turned to London to protect their so-called rights.

JP Morgan Chase & Co., UBS and Bank of America are among the banks that have reported several municipalities and the regions of Lazio, Tuscany and Piedmont, a court in London. The above indicate that the judge will give authorization to proceed. Last May, Dexia and Depfa Crediop have been held that the trial against the city of Pisa and last October a court in London has accepted the complaint filed against UBS by a German municipality.

From a strictly legal point of view, the banks are protected by clauses in contracts, which show London as a place of exclusive jurisdiction. In addition, European law does not permit the courts of a Member State to intervene in proceedings opened in another member state. But there is a higher law, which is the Constitution, which protects the common good based on natural law. This higher law sentencing practices based on usury and gambling, which constitute the true nature of derivatives. Therefore, derivatives Italians played a game crucial to the legal future of Europe.

The Italian intelligence has already sounded the alarm bell about 32 billion derived from local, classifying the problem as a threat to national security. (See SAS 1.11).

Although the Italian case is the most important in Europe, other legal cases are emerging in other nations. In Germany, in a case that could pave the way for numerous other applications, Caritas has filed a complaint for fraud against Kommerzbank. The bank had advised the Frankfurt office of the institution of humanitarian invest half a million euro in securitizations that contained high-risk U.S. subprime mortgages, arguing that it was a safe investment like a government bond. Caritas has lost half the money invested.