Tag Archives: Financial Services

GERMAN Video with English Links about the New World Order

www.klagemauer.tv [wailing wall], a remarkable global news agency, published in Switzerland, that presents online news very smartly in mainstream media style.

This video contains the following stories [the links take you to different but English stories]:

  1. Rothschild’s $200 million bet regarding the demise of the Euro
  2. The Bank of North Dakota as a state-owned bank for the state’s citizens
  3. A few families rule the World
  4. Who rules money?

Fascinating are the differences in language, implied by German and English. I.e. the German word for ‘citizen’ implies the ‘guarantee’ for debts! The German for ‘debt’ is the same as for ‘guilt’. The German for ‘interest’ is very different from paying interest and having an interest.

  • Nice cartoons illustrate how 98% (rather than 97) Credit [created by banks at interest] and 2% (rather than 3%) Cash [created by governments interest-free] are the money in circulation.
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It’s Time to Fix Banking – a Petition in the Right Direction…

English: A crowd forms on Wall Street during t...

English: A crowd forms on Wall Street during the Bankers Panic of 1907. (Photo credit: Wikipedia)

It’s nice to see when ‘beginners’ in monetary reform tackle our systemic money problems, by tackling the banking issue. Here are the four simple demands that 38 Degrees have formulated in their petition It’s Time to Fix Banking:

Dear Banking Committee

Please hold the banks to account for the way they’ve behaved. The scandals need to stop. You need to make sure:

  • Banks put customers first, not bankers
  • There are tougher rules to keep banks in line
  • There are proper punishments for bankers who break them
  • It’s easier for us to move to a different bank when we want to.

But no banking regulation and no punishment of bankers will change

  • the Government’s dependence on public debts
  • the Government’s unwillingness to spend the Cash that it can print and mint into the economy
  • the Government’s willingness to bail out banks rather than businesses…

And thus we know better than ever: money rules the world, as created by banks, not in the spirit of the writers of the Bank of England Act 1694 though!

Abolish the City of London Corporation: the size and scale of the Financial lobby revealed

Thanks to this Early Day Motion (EDM), which asks for an inquiry into the abuse of power by the City of London, I learned about the Bureau of Investigative Journalism. It writes:

The size and scale of the Financial lobby revealed

Top Story: The £93m City lobby machine. Read more here.
Analysis: The finance lobby faces its biggest challenge.Read more here.
Bureau Recommends: Conviction ‘at all costs’: police cover-up sees verdicts overturned. Read more here.

The financial lobby exposed  
In the wake of the Barclays Libor scandal, the Bureau published a four-month investigation into the influence of the City on politicians and regulators.
We revealed, for the first time, the size and scale of the financial lobby in a project published in the Guardian newspaper.
Our work showed:

  • The British financial services sector spent nearly £93m lobbying politicians and regulators last year. Read more here.
  • 16% of members in the House of Lords are paid by City firms. Read more here.
  • A cosy relationship between the financial services industry and its regulator. Read more here.
  • How the Square Mile’s local authority, the City of London Corporation, works as a lobbyist. Read more here.
  • How the Big Four accountancy firms have given donations of ‘staff costs’ worth £1.36m since May 2009. Read more here.

Continue reading

Crowdfunding: the smarter way of letting ‘money’ circulate than institutionalised funding

Thanks to the web and net, institutions lose their credibility. In my observation, this applies to governments, banks, the judiciary, Social Services and the Police as well as governmental funding agencies.

Comes along the next generation with programming skills and a spirit of enterprise and crowdfunding is born. Of course, it is earlier / bigger / better in the US, but in the UK there are supposed to be 44 platforms available, too. A most comprehensive US site is crowdsourcing with excellent reports.

The cultural and thus institutional attitude to “money” differs widely between the US and the UK. But neither ultimately appreciate the dishonesty of turning credit from thin air [bank generated at a price] into cash [government generated interest-free].

When inventors, artists and entrepreneurs discover that neither funding nor the protection of their Intellectual Property (IP) work, because it’s all only made for institutions and big companies, everybody must rejoice in these online alternatives. Here’s an excellent UK directory.

Pied Pipers, Emperor’s New Clothes and Lemmings – the Essence of Money Creation in Banks

HBOS Whistleblower Paul Moore on video – produced by Positive Money. He quotes a saleswoman who said we can never attain our targets if we tried to sell ‘ethically’…

Whoever began to think about ‘financial products’ and sell them???

‘Money’ has ceased to be a medium of exchange as well as a store of value. It’s just become a tool to make money out of money: a deadly sin in Islam!
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Evolution beyond Money: Money as Debt part III

Paul Grignon produced Part I and Part II of Money as Debt.

This Part III is the most lucid of all. It points to:

  1. the main cause of paying ‘interest’
  2. the ‘interest’ not being generated by anybody
  3. the man with the money has enslaved the man without it – just like the real world
  4. ‘flow’ is the real measure of economic activity
  5. what is ‘flowing’, is credit or ‘promises to pay’
  6. money = promises of future productive work
  7. interest= reduced future spending power.

Money is lent twice.

  1. first we borrow ‘money’
  2. then we borrow ‘money’ to pay ‘interest’.

The Ultimate Bankster Quote – from a former Governor of the Bank of England (1920 – 1944)

“Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible.

“When, through process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers.

“These truths are well known among our principal men, who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance.

“It is thus, by discrete action, we can secure for ourselves that which has been so well planned and so successfully accomplished.”

Montagu Norman, Governor of The Bank Of England, addressing the United States Bankers’ Association, NYC 1924

NB: This quotation was reprinted in the Idaho Leader, USA, on 26th August 1924, and has been read into the Australian Federal Hansard twice: by John Evans MP, in 1926, and by MD Cowan MP, in the session of 1930-31.