It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

My Rant About Banks

page: 1
5

log in

join
share:

posted on Sep, 19 2014 @ 09:37 PM
link   
Commercial banks issue the loans - not the central bank - which I believe are controlled by governments (to different degrees for every nation), but that doesn't matter. Central banks do not influence the economy.


Bank of Canada

It is important to distinguish between the right to "issue money," which is the right of the Bank of Canada, and the ability to "create credit," which, through legislation and regulation enacted by Parliament, is largely done by commercial banks through the issuance of loans. While all of Canada's money is created by the government through deficit spending, if "money" is thought of as the combination of issued money and bank-created credit, then presently, the Bank of Canada "issues" less than 5% of Canada's money, with the remainder (95%) being "created" by commercial banks through the process of fractional-reserve banking.




So 95% of the money we need to live in this type of economy comes from a for-profit corporation? let that sink in. All our politics, all the elections, all the "scandals", do not add up to squat when influencing the life you live. Whether there is money for education, whether credit
is given to GMO vs organic, how much your house costs, how much war we can wage... everything depends on what a small group of for-profit private corporation decide is best for share and stake holders.


Central banks can only set interest rates, which no doubt can make a huge impact, but they don't decide how much money there is in the economy.

Here is a chart showing the rates here in Canada since the start of the century.



Looking at this, and my limited understanding of economics, we were at a not-so-low rate going into the '08 fall-out and rates were dropped to get the economy back up. But again the central bank does not effect what economic conditions are like here in Canada. Low rates is great but the banks tightened the noose, took the cheap money but never really did anything with it to stimulate the economy through private investments. I went for a loan for my 2 yr old small business, with a 900 credit score and was told by CIBC to ask friends or family. Not a lot of recourse available to me. Don't hit the door on my way out?
I did.

From what I gather, the kicker to the whole bail-out scam here in Canada was that the government borrowed 95% of the bail-out money given to commercial banks, FROM commercial banks. so we didn't just give them our money, we owe interest on it too??



I am sure it is more complicated that I made it sound I anyone with any banking knowledge can probably tell that I have none. I think that needs to change. I mean, they shoved Shakespeare down my throat in school, World wars, algebra, a long list of complicated crap that I probably won't use but is valuable as a common place. Why not economics? Why should we be allowed to graduate without having a
firm grasp on the economy your about to face?


Because I know nothing about banking I cannot engage in discussion with the people that do. And that is where those in finance always come out on top. Day after day, talking heads and columnists make claims and predictions, talk talk talk talk. People make a lot of money in finance and there seems to be a lot to talk about. But in my opinion it is absolutely valueless and yet is the "bottom line"???

Here is another thing I know nothing about but have a fundamental problem with. Since commercial banks issue 95% of the money supply that means that there is interest due on 95% of the money supply. There is always talk of debt debt debt and what people should do to avoid debt.



If 95% of our money is loaned to us at interest doesn't that mean that if we pay off all our loans we will have no money? and we would still owe interest? Is that where inflation comes in? The way I see it so far is any inflation in values on our products, manufactured through loans is our only shot at beating the interest and coming out with no deficit and actually turning a real profit. But inflation is bad. Bubbles are bad. too much inflation and too big of a bubble and we get threatened with higher interest rates. The only way to keep up with interest without going belly-up is to raise inflation?

I want to elect people that have the power to make our lives better. Governments shouldn't have to borrow money and they shouldn't have to tax us for the amount they spend. They have credibility as our government, so make the money and spend it on are growth. We need it, especially here in Canada. We are a nation of almost half immigrants, we should be inflating our economy rapidly with our population but if we get more than 3% growth, the Central Bank suddenly comes out of deep sleep and raises interest rates like they know what is going on or something, and end up taxing us for it by letting commercial banks charge the government interest.

Rant over. If someone can make me feel better by telling me how misunderstood I am, I welcome it. If anyone would like to add their own rant on this subject that would also be welcomed.

Have a good weekend
edit on 19-9-2014 by MALBOSIA because: (no reason given)




posted on Sep, 19 2014 @ 09:49 PM
link   
a reply to: MALBOSIA

Start saving money, don't stress though keep it easy. Learn how to build, grow and farm animals. Preferably not from Facebook.
When you get the chance move to the bottom tip of South America, Chile or Argentina, makes no difference. Start a farm and raise pigs, chickens, goats and cows. Fish in ocean.

Live peacefully. I'll be your neighbor!



posted on Sep, 19 2014 @ 10:05 PM
link   

originally posted by: AnteBellum
a reply to: MALBOSIA

Start saving money, don't stress though keep it easy. Learn how to build, grow and farm animals. Preferably not from Facebook.
When you get the chance move to the bottom tip of South America, Chile or Argentina, makes no difference. Start a farm and raise pigs, chickens, goats and cows. Fish in ocean.

Live peacefully. I'll be your neighbor!


That sounds like the life. Ironically it was the one I was born into except it was the northern tip of Alberta. Lived in a trappers cabin out in the woods. No electricity, no running water. I thought we were rich


Whether I was here, Alberta or the southern tip of South America, I think it would still bother me though. Our entire species seems to be stuck inside the restrictions of banks. Need money to explore space, need money for medical aid, need money for clean energy. But we can't have any of that without turning a profit. In order to turn a profit, somebody has to be in debt. 95% of our money is borrowed to is at interest. Somebody has to give up their farm and I'm not sure if South America is off limits.

Thanks for the reply.



posted on Sep, 19 2014 @ 10:29 PM
link   
a reply to: MALBOSIA

Central banks are not government banks, they are private banks controlled by the commercial banks (actually set up by them in the case of the FED) . They don`t need justification for what they do (officially they should, but they don`t do it). Central banks are what`s controlling countries.

You`re right about debt is everywhere because of lending + interest and by so creating debt everywhere.

If they raise the interest now the big American banks go belly up and so does the system.

Debt is used to enslave people, that`s why the system is designed the way it is. That`s why they want people to have mortgages. People who are afraid are easier to control (losing job and by so not able to pay your mortgage).

And yes they need inflation with that twisted system to keep things going. The central banks are making deliberately inflation for their own good and not for the people.

It all a bit too complicated to just tell it short, nothing more difficult as the financial system.

Here`s a good way to start for you :

Money As Debt




posted on Sep, 19 2014 @ 11:22 PM
link   

originally posted by: BornAgainAlien
a reply to: MALBOSIA

Central banks are not government banks, they are private banks controlled by the commercial banks (actually set up by them in the case of the FED) . They don`t need justification for what they do (officially they should, but they don`t do it). Central banks are what`s controlling countries.

You`re right about debt is everywhere because of lending + interest and by so creating debt everywhere.

If they raise the interest now the big American banks go belly up and so does the system.

Debt is used to enslave people, that`s why the system is designed the way it is. That`s why they want people to have mortgages. People who are afraid are easier to control (losing job and by so not able to pay your mortgage).

And yes they need inflation with that twisted system to keep things going. The central banks are making deliberately inflation for their own good and not for the people.

It all a bit too complicated to just tell it short, nothing more difficult as the financial system.

Here`s a good way to start for you :

Money As Debt



I think the central banks relationship with government varies from nation to nation. I have seen a lot of info on the US FED but it is different here in Canada. Here, any profit that is collected by the Bank of Canada is paid to the government. Problem is that only 5% of the money supply is created by the Bank of Canada. The other 95% which includes the governments debts is borrowed from chartered commercial banks that ARE private. The results are the same but the structure is different.



posted on Sep, 19 2014 @ 11:56 PM
link   
a reply to: MALBOSIA

For what it's worth, the next red pill is just as bitter as this one.



posted on Sep, 20 2014 @ 12:01 AM
link   
Here's a link that I found quite informative about banks in the UK.

I'm pretty sure it's pretty much the same deal in Canada.

Banking 101



posted on Sep, 20 2014 @ 12:11 AM
link   
Oh and it doesn't stop there for banks, noooo.

- They charge us if we want to withdraw OUR money.
- They charge us if we go talk to a human being in some banks.
- They charge us for not having enough in our accounts for a transaction, but they won't even pay that transaction in the first place. Why the fee?
- They give us a limit on how much we can withdraw, even if we have the money in the account.
- They charge interest on the money that WE created with debt, that THEY now add in their investments.
- If ever someone can't repay their debt, well they will get most of the amount back from their insurances. Or better yet, a home.
- They charge monthly fees when they should ALREADY BE HAPPY that we lend them OUR money for THEIR investments.

And all of this is automatically calculated with computers, so they just most create fees and most investments out of nowhere using an automatic system.

Almost no work. 100% chance of profits.
It's just like playing at the casino but you only lose other peoples money and only you win the jackpots.

Seriously, we should bring them aaaaaall down. They are a gigantic problem in the advancement of our civilization.
edit on 20-9-2014 by theMediator because: (no reason given)



posted on Sep, 20 2014 @ 12:25 AM
link   
a reply to: MALBOSIA




The only way to keep up with interest without going belly-up is to raise inflation?


see this for a quick primer

www.quebecoislibre.org...

In a nutshell inflation is the Governments way through the increase of money supply to depreciate your "value" by paying todays debts in tomorrows money.

Most central banks and other banks have the finger of the Rothschilds somewhere in them. Their estimated worth is anywhere between 50 to 500 TRILLION dollars. Who knows



posted on Sep, 20 2014 @ 12:32 AM
link   
a reply to: theMediator

And they're pushing legislation "on the quite" around the world where if they go belly up depositors money will be used as "bail-ins". Think Cyprus crisis of 2012/2013 on a massive global scale. It was a test run to rip depositors off using the lame excuse that some accounts were tainted with Russian Crime money.


This is a must read

barnabyisright.com...
( TITLE: G20 Governments All Agreed To Cyprus-Style Theft Of Bank Deposits … In 2010)



posted on Sep, 20 2014 @ 01:11 PM
link   

originally posted by: theMediator
Here's a link that I found quite informative about banks in the UK.

I'm pretty sure it's pretty much the same deal in Canada.

Banking 101


This looks like some good stuff. I think I might have to update my rant to elaborate a bit. Thanks for posting this. My beef with the banks started years ago after watching an
extremely boring documentary called 'Money Masters'



It centres around the US federal reserve which is different than Canada and the UK. I will enjoy this. Thank you.




top topics



 
5

log in

join