I thought I'd share this since it affects every South African with a home loan, credit card, personal loan and probably overdraft as well:

The Sheriff of the Court has just served the four major banks, and the Reserve Bank, with a summons from the New Economic Rights Alliance: Case number 27478/12.

Put simply, the NewERA is asking the High Court to declare our money lending system fraudulent and unconstitutional. We are not suing for money. Alternatively, we are asking the Court to suspend all legal action currently taken against every South African by the banks, until a full investigation has been undertaken into our banking system.

It may be bold. It may be daring. But it is 100% correct. The banks are doing some terrible things behind our backs and two years of research by dozens of people around the country, working in their spare time and for no money, has culminated in this action. It is a miracle that we made it this far. We are very proud.

What can you do about it?

1. Take an interest in our money system. Understand WHY we are taking action against the banks. Download and watch The Dark Secrets of Money here (or watch it on YouTube here). We cannot stress this enough – for the sake of your family’s future you need to know how the money system works. The legal document is attached, but it is complicated, so commentary will be available soon to help you understand it.

2. Follow and comment on the case at www.thebigcase.co.za [the new and updated page will be live on Monday July the 23rd].

3. Become a paying member here or donate a small amount to our cause here. We are in urgent need of funds to survive.
The banking system is a greedy monster that is coming to eat us. Only we, the people, can stop it.

THE NEW ECONOMIC RIGHTS ALLIANCE