The Forum > General Discussion > Are the banks getting away with blue murder
Are the banks getting away with blue murder
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Posted by one under god, Saturday, 19 November 2011 7:23:53 AM
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The banks have always screwed us.We see two unelected bankers incharge of of Greece and Italy.Foxes incharge to the henhouse.
We have a $ 1.1 trillion economy.On average the increases in GDP 3% + inflation 3% increase the money supply by 6%. Now 6% of 1.1 trillion is $66 billion.Our balance of trade is positive approx $ 30 billion pa.Where does the other $36 billion come from ? It has to mostly come from the private banking system since the RBA give the Aust Govt a dividend of only $ 500 million pa. Since our Banks do not have enough deposits to use the fractional ratio to the optimum,they have to borrow from OS banks.30% of our mortgage money comes from OS. In 1976 our total debt was 3% of GDP.In 2008 is was 53% of GDP. We have to end the fractional reserve system of banking for private banks.They should not be allowed to create money for increases in our productivity + inflation as debt. Posted by Arjay, Saturday, 19 November 2011 1:14:46 PM
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have you seen the cartoon arjay
http://whatreallyhappened.com/ it fits in with the theme other stuff noted goldman harburg and sax..[in eu-rope] http://12160.info/profiles/blogs/2649739:BlogPost:710073 time to arrest those aiding and abetting banker fraud? http://lonestarwatchdog.blogspot.com/2011/11/it-is-time-to-arrest-congressman-who.html The singular role of any government is to secure the rights of the people, any law that does not hold this basic tenant is unconstitutional.” – http://www.youtube.com/watch?v=xq3BYw4xjxE canp/panc (corporations are not people, people are not corporations) never let the dead corpus lord it over the living if people think they are the 1% watch how a few years changes their thinking http://www.examiner.com/nonpartisan-in-national/occupy-endgame-arrest-the-1-emperor-has-no-clothes-obvious-criminals they will wish..they stood up once they lay down and take it like a man http://www.youtube.com/watch?v=nzak22Py8v8 there were those who tried to tell them and others who defended the indefensable china has the right idea http://www.thechinamoneyreport.com/2011/11/10/chinese-fund-managers-sentenced-to-death-after-cheating-investors-out-of-1-billion-usd/ child poverty...the mark of the capitalist beast http://presstv.com/detail/210758.html how will his-story judge http://thesheetnews.com/archives/11360 its allright to hate others http://uruknet.com/?p=m83211&hd=&size=1&l=e if they dont think like you do http://uruknet.com/?p=m83217&hd=&size=1&l=e anyhow..i was sick of the bullssswit..but couldnt stay away its like watching a train wreck..with those most needing to know..acting like its the titanic all over again we hit the ice berg folks but dont worry..we kicked the can down the road and the mjechanics are plastering eu/putty in the 60 foot gash with fiat cash bankers and polititions first next economists..[who didnt se the grash comming] then the bloggers who didnt blog? Posted by one under god, Saturday, 19 November 2011 2:20:32 PM
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Thanks UOG.The cartoon speaks the truth.Isarel is pushing for war with Iran and the USA is stirring China.They want war to escape us and save their collapsing Bankster empire.
Posted by Arjay, Saturday, 19 November 2011 3:23:52 PM
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yes they are
http://forum.worldfreemansociety.org/viewtopic.php?f=49&t=12072 getting away with it just a quote from a recent court case edited ""The attorney asked, "If the bank records a new deposit and records an asset..on the bank's books having actual cash value, would the actual cash value..always come from a customer of the bank or an investor..or a lender to the bank?" The banker thought for a moment..and said, "Yes." The attorney asked,.."Is it the bank policy to record the promissory note..as a bank asset offset..by a new liability?" The banker said,.."Yes." The attorney said, "Does the promissory note..have actual cash value equal to the amount of the bank loan check?" The banker said.."Yes." The attorney asked,.."Does this bookkeeping entry prove that the borrower provided actual cash value to fund..the bank loan check?" The banker said, "Yes, the bank president..told us to do it this way." The attorney asked,.."How much actual cash value did the bank loan..to obtain the promissory note?" The banker said,.."Nothing." The attorney asked,.."How much actual cash value did the bank receive from the borrower?" The banker said, "$50,000." [plus intrest/ursury] The attorney said,"Is it true you received $50,000 actual cash value from the borrower,..plus monthly payments and then you foreclosed..and never invested one cent..of legal tender..or other depositors' money.. to obtain the promissory note..in the first place? Is it true that the borrower/financed the whole transaction?" The banker said,.."Yes." ''“Does the creation..of the new note payable(now a bank asset) allow the bank to use this $50,000 actual cash value..to fund the $50,000 bank loan check..back to the same borrower,..forcing the borrower to pay the bank $50,000..plus interest? " The banker said, "Yes." The attorney said, "If the bank transferred $50,000 actual cash value (i.e. Federal Reserve Notes Payable)..from the borrower to the bank, in this part of the transaction,.. did the bank loan anything of value to the borrower?" The banker said,.."No."..He knew that one must first deposit something..having actual cash value..(cash, check, or promissory note)..to fund a check. Posted by one under god, Sunday, 4 December 2011 9:11:16 PM
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con-tinued...""The attorney asked, "Is it the bank policy..to first transfer the actual cash value..from the alleged borrower to the lender for the amount of the alleged loan?"
The banker said, "Yes." The attorney asked,.."Does the bank pay IRS tax on the actual cash value ..transferred from/the alleged borrower to the bank?" The banker answered,.."No, because the actual cash value..transferred shows up like a loan..from the borrower to the bank,..or a deposit which is the same thing,..so it is not taxable." The attorney asked, "If a loan is forgiven,..is it taxable?" The banker agreed by saying,.."Yes." The attorney asked,.."Is it the bank policy to not return the actual cash value..that they received from the alleged borrower..unless it is returned as a loan..from the bank to the alleged borrower?" "Yes",the banker replied. The attorney said,"You never pay taxes on the actual cash value you receive from the alleged borrower..and keep as the bank's property?" "No. No tax is paid." said the crying banker. The attorney asked.. "When the lender receives the actual cash value (the promissory note)..from the alleged borrower,..does the bank claim that it then owns it..?..and that it is the property of the lender,.. without the bank loaning or risking one cent of legal tender..or other depositors' money?" The banker said,.."Yes." The attorney asked,.."Are you telling me the bank policy..is that the bank owns the promissory note (actual cash value) without loaning one cent of other depositors' money or legal tender,.. that the alleged borrower is the one who provided the funds deposited to fund the bank loan check,..and that the bank gets funds..*from the alleged borrower for free? Is the money then returned back..to the same person as a loan which the alleged borrower repays..when the bank never gave up any money to obtain the promissory note? Am I hearing this right? I give you the equivalent of $50,000.00,..you return the funds back to me,.l.and I have to repay you $50,000 plus interest? Do you think I am stupid?" In a shaking voice the banker cried, saying, "All the banks are doing this. Congress allows this." http://forum.worldfreemansociety.org/download/file.php?id=5781 Posted by one under god, Sunday, 4 December 2011 9:14:34 PM
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in the main because most are in ignorance..on the basics as perridiucules has said..
thing is knowledge is money..
and those who get the knowledge...
are those with the desire to get in on..all that easy money..
then comes the issue of keping it
or making it's worth..stay abouve the pace of 'inflation'
pers...noted fractional reserve borrowing..[lets call it leverage]
and the numbers quoted are no where near the ammounts actually leveraged
we hear the banks are leveraged..in eu/usa..
to the point of only having 2%..actual funds in hand..
and the rest mortgauged to bond writers..and other underwriters..investment fund holders..pensions..
to like of multinationalcorperations owning the other corperations...plus reserve banks and national banks
in short leveraged..to the old money lenders
who in time reap the harvest..while the rest of the lol capitalists..
become debitors..churn is a wonderfull thing
see they know money is debt
this ron paul knows as well
he might even know..that the us fed govt can buy back the fed for a m,easilly 44 point 4 billion dollars..[cause thats the fixed debt..it was seized for by the bankers/money lenders]
so for a mere 44 billion[paid back to the 12 bankers
govt could return to issuing its own money..[for jobs]
INTREST free
and voting time is the time..
to grant them acces..to the govt credit nose bag
we can control govt
we cant control banks..!
we vote for a govt to have a budget
then to spend the extra..by the cost of their policies
its gotta be better than BORROWING..at ever compounding intrest
from the money changers..turning assets into plunder..then having it stolen from them
make EVERY debitor pay back in full
WITH NO INTREST..!
every debt paid in full
and govt serving you
with health/education/food housing basics
with the open public purse..
open for individuals needs..not corperations nor individualists greeds