The Forum > General Discussion > Bank of America Insolvent.
Bank of America Insolvent.
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Posted by one under god, Sunday, 23 October 2011 5:25:21 PM
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It is called the Federal Reserve..and the authority
to create money was illegally transferred (such a drastic change in basic structure requires a Constitutional Amendment) from the civilian government to the newly created Federal Reserve..over the Christmas holiday of 1913..(the same year the 16th Amendment for the personal income tax..was falsely claimed to have been ratified.) This was done even though the two previous attempts at allowing a private central bank to issue the public currency as a loan at interest, the First and Second Banks of the United States, had almost destroyed the nation. andrew jackson/quote.."Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out." -- Andrew Jackson Following WW1, Germany had been forced to accept a private central bank as a means to keep Germans poor and helpless. It led to the runaway inflation abuses of the Weimar Republic. One reason the Nazis were so popular was that they scrapped the private central bank and returned to a system of government-issued value-based currency that allowed Germany to become prosperous. So great was the change it was called the “German miracle” and Hitler was TIME Magazine’s Man of the Year for the obvious improvements in German life. But bankers are terrified of the rest of the world realizing that there are better ways to run an economy for the public than by forcing them to borrow all currency from a private bank at interest. Posted by one under god, Sunday, 23 October 2011 5:28:26 PM
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So in 1933, the international banks staged a global boycott against Germany to destroy that government-issued value-based currency before the debt-slaves in other nations (like the United States) started getting uppity ideas!
This financial “attack” on Germany set the stage for WW2. So, if you are wondering what this so-called “clash of civilizations” is all about, it is actually a war between banking systems. The United States is attacking nations that refuse to allow private central banks to take control of the nation’s wealth, or nations that avoid western-style banking. Your money is being spent, and your children are dying horrible deaths in, what is it now, 12 wars? And all to make the world safe for Compound Interest. To keep the world enslaved to private central banks printing up and issuing the public currency as loans at interest; a system which by design always produces more debt than available money, to make the slavery permanent. "This is the very essence of the banking system, to keep us all, whether we be nations or individuals, slaves to debt. You control the debt, you control everything! " – "The International Posted by one under god, Sunday, 23 October 2011 5:28:43 PM
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That is very interesting."One reason why the Nazis were very popular is that they scrapped the private Central banking system and issued their own currency." Not all of their banking system was free.Prescott Bush and the Union Bank in the USA laundered Nazis money.Thanks UOG.This would have been the prime reason why the Western Banksters wanted a war with Germany.Germany was upsetting the balance of their power.Germany was also driven into abject poverty due to WW1 war reparations.
Japan also had an independant banking system and an excellent manufacturing base but very little in energy and resources.The USA tried to limit their trade and access to energy,this is why they were driven into war.We warned the USA about the attack on Pearl Harbour to no avail. China has not made that mistake. Posted by Arjay, Sunday, 23 October 2011 8:34:52 PM
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an individual asks at this time
[when the peacefull protests have been brutally suppressed in malborn..and snydney] he asks..quote..""What is the price of true freedom and democracy?"" its willing to be arrested for daring to speak out willing to be told to shut up its abiout being preopared to not acces the ionternet..because you dare to speak truths in this age of lies and spin i note re the shut down of protest..in malborn and snyde nee that overnight,..those who serve the crown brutally shut down 'pro-test'...[that wasnt shut down in egypt] further that we had a protester burnt to death in brisbane..and media silenced it[hushed it up] yet the same media noted the emoliation by fire that began the arab spring protests.. clearly ..we are more enslaved and bound and bonded than even arabs under dictraiterships i recall that once the indians rebelled cause of a little tax upon salt we now stay silent under infinite tax burdens [that advantage only the elites who lost their taxes..upon themselves to add even more burden upon the poor then when they dare protest they get policed...unlike the real criminals..who dont get ant policing its time the police policed the laws of these lands not the regulations of the state ""you need to ask that question in a country where they have that."" yeah Posted by one under god, Monday, 24 October 2011 10:14:29 AM
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Arjay, you really need to do your homework more thoroughly.
>>This is the third biggests Corporation in the world that makes up 80% of retail banking in the USA.<< Bank of America doesn't even crack the top twenty "biggest corporations", on any measure. And the definitive list - the FT Global 500 - has them down at No. 81 http://www.ft.com/intl/cms/f808f946-ef56-11e0-918b-00144feab49a.pdf Your "80% of retail banking in the USA" is a crock. While BoA is still probably the largest in retail banking, the figure is closer to 12%. Never mind - you never were that good with facts. Your statement that "The US Federal Reserve (A private group of banks) has moved debts of the Bank Of America onto the the FDIC" is simply wrong. FDIC is an insurance operation. And - guess what? The Banks themselves provide funds to the FDIC by way of premium payments. When the risks increase, so do the premiums. http://repowatch.org/2011/03/23/fdic-to-charge-higher-premiums-for-repos/ "Starting [April 2011] the FDIC insurance fund will base its fee on banks’ total liabilities, calculated as assets minus tangible equity" But most importantly, the FDIC does NOT take responsibility for the Bank's debts. It is there to insure the public, not cover the Bank's losses. You seem to have a fundamental misunderstanding of their roles. "checking, savings, and certificates of deposit (CDs)... are insured by the FDIC... these types of accounts generally are insured by the FDIC up to the legal limit of $250,000" http://www.fdic.gov/consumers/consumer/information/fdiciorn.html One thing the FDIC does is to track the failed Banks - well, they'd have to, given their responsibilities to the public whose deposits they must insure. http://www.fdic.gov/bank/historical/bank/index.html Extrapolate that across the banking system as a whole, and you'll have some idea of what would happen if you pulled the plug on the entire system, as your pal Ron Paul is itching to do. Think about it. First kill the Banks. Depositors then go to the FDIC for their insurance payout, FDIC goes to the Banks to make them cough up their premiums and - golly-gee-whiz! There aren't any banks left who can pay up! How did that happen? Posted by Pericles, Monday, 24 October 2011 11:53:56 AM
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This is why we are at war across the globe. Because bankers will gladly see a billion people die if it keeps the surviving billion under their control.
Gaddafi’s biggest crime was a government-issued value-based currency, the gold dinar, which is a major threat to the power and wealth of private central bankers who love to loan out the public currency at interest.
Oddly enough, the United States fought a revolution to free itself from that very system when the private Bank of England lobbied King George III to pass the Currency Act, which ordered all commerce in the colonies to use bank notes borrowed at interest from the Bank of England.
The resulting stripping of wealth from the people for the bankers is the major reason for the American Revolution.
"[It was] the poverty caused by the bad influence of the English bankers on the Parliament which has caused in the colonies hatred of the English and . . . the Revolutionary War." -- Benjamin Franklin
Of course, the reason that our schools frame the history of the American Revolution in terms of the Stamp act and Tea Party and scarcely mention the Currency Act is that in 1913 a corrupt Congress and corrupt President sold Americans back into the clutches of a private central bank issuing the public currency as a loan at interest;
the very same system
we had fought the Revolution to be free of!