Is What the banks doing - criminal...?

[scotslad]

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[Ernie Nemeth]

Here in Canada, where the economy is solely driven by domestic home sales, the banks are way over-leveraged.

The artificial market force of mass immigration cannot be sustained by any real-world measure. Yet each one needs loans and mortgages, and that is good business for banks under the current conditions of fiat currency and fractional reserve lending. Each loan and each mortgage is leveraged for maximum profit, marked up by the central bank at a ten to one ratio. That is: the bank loans out $1, but in its books it has changed this number from a deficit of $1 to a profit of $10!

So every dollar loaned is profit.

The kicker, though, is the fact that central banks have unlimited funds! They can loan and loan and loan, money to infinity. If it runs out of physical money it can print any number of bank notes with nothing to back it with at all. The notes are backed by the sterling reputation of the banks, which is nothing but a false perception.

Because of these fraudulent practices, the digital dollars, which are one further step removed from physical fiat currency, have no backing at all, not even a phony dollar bill!
These digital dollars, that have no reality except within the financial records of the bank, have ballooned to the point that it dwarfs the real-world, physical fake dollars in circulation.
This has caused the financial sector to become bloated with toxic financial instruments that attempt to hide the bad debt and the falsely-created digital dollars in convoluted and sophisticated packages that can be purchased and traded en masse.

If the financial mess of our system were to ever be unraveled we would find that we are broke and owe the world untold quadrillions in stolen wealth equity.
By now, I would not be surprise to learn that digital dollars outpace tangible fiat currency by a factor approaching 100:1! That is, 100 non-physical dollars (digitally created and preserved and never represented by a printed dollar bill) for every physical dollar!

The only way out of this morass of fraudulent behavior is to digitalize the entire monetary system so that the disproportionate number of digital dollars can be converted to "real" dollars in the form of a new digital currency that has no physical representation in the real world.

We have been fleeced.
If we are not careful they will institutionalize the fraud in yet another level of subterfuge.

[ian33]

The concept of banking for the first time started from the Mesopotamian civilization in 8th century B.C.E. This time economic activity was highly centralized about the royal houses and the priesthood. The temples and royal places were the important centers to which commodities were deposited and from which they were redistributed among the peoples. They were also the places where offered best security to guard the deposited wealth of the people, probably in the forms of crops and daily uses commodities as well as precious stones. So it was in the temples and royal places of Mesopotamia, that the earliest banking industry of the world developed and the notions of safeguarding of the deposits took place

..banking intertwined with religion all the way..early coins minted in delphi temple..the invisible money taking over from the invisible god, its the control mechanism, along with invisible covid, co2 warming etc

[scotslad]

I remember quite a few years ago, a £1000 cheque went through my account - twice. so i went into the branch to query it, and right enough it had. I got the cashier to type up a letter while i was there to say it was their fault and she signed it on RBS letter head.

I then went home and checked a few more things....

...all in all 65 errors !

I went to the regional manager (because my own bank manager conveniently went off with stress)

My meeting with the regional manager, he had no idea they had acepeted responsibility and was gobsmacked when I produced the letter and invited me to a F1 motor racing night in Inverness which I ironically told him was the evening previous as it was featured in the daily paper's front page.

(I did relish the moment, but undeterred....)

Suffice to say was not impressed, so took my 65 issues to financial ombudsman, who only after 18 months and twice trying to get me to drop the case - concluded that they could only deal with 6 of my complaints as the other 59 issues (all documented) and evidence supported) WERE OUTSIDE OF THEIR REMIT and I was advised to take my complaint to the FCA but they mandated that the bank would have to pay me £1250 in compensation however they took great pains to point out...

...that because the bank account was in the name of a company, I couldnt claim for "stress" because "companies dont have feelings" - true story. So after 18m thats what they said.

So 18m after the start, I contacted the FCA (Financial conduct authority) and happened to record the telephone conversation to be told "I'm sorry, but we don't get involved or discuss individual cases."

FFS!!

[ian33]

the question is what can they get away with?
in a world where cow farts are deemed more of a concern than nuclear war, what can they not get away with?