Forum Post: How Wall Street banks steal your money
Posted 12 years ago on Oct. 16, 2011, 2:17 p.m. EST by donvald
(3)
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The scheme is very easy and works for many years.
To cover the budget deficit the government borrows money from the Fed and issue bonds (current interest rates 2.25%). Big banks can borrow money from the Fed at 0% rate. They bought these bonds with cheap money. At the end the government collects taxes from every citizen and pay interest coupons to banks. Interest expence is approximately $240 billion per year. Banks do a few transactions to earn these money that everyone US taxpayer pays to Wall Street fat banks. Same system works all around the world.
Could someone explain me why the government borrow money from the Fed with 2.25% rate but Wall Street banks do the same the 0% rate? The only solution is to destroy the current finance system.
- First step: all governments should print money and pay all debts.
- Second step: all government should have restrictions to borrow money. They should have right to spend collected taxes only.
- Finance institutions should be punished for building the system where the majority of population are the finance slaves. It's not an easy task to find the decision how to do it but private debt piramid must be destroyed.
I'm sure the modern finance system is absolutely wrong. It's impossible to improve the situation using old tools (monetary policy). The FED is the main evil but banks are parts the whole system. My proposal is to make only one federal bank instead of the whole system. The profit of that bank will become the government income like taxes. It will be the federal monopoly on the banking service.
How about by us GIVING it to them via our BORROWING ?
See http://occupywallst.org/forum/inconvenient-truths-america/
"1. First step: all governments should print money and pay all debts"
DO YOU UNDERSTAND WHAT INFLATION IS?
Do you understand what debt piramid growth means? Do you prefer to lose everything at the end when the government won't be able to pay interest and creditors will seize federal property? Do you really think it's better than inflation? ;)
There is no easy way to fix the system.
Okay, let me break it down for you. During inflation, and what you're really suggesting is that the government engage in hyperinflation, prices are constantly rising, usually every single day or every single hour. The effect of this is that people can not use money effectively as a store of value. Every second you are holding money, you are becoming poorer. So as soon as people are paid they rush out and spend it before it can depreciate. This results in no savings of any kind. Without savings there can not be investment or lending and generally no growth. Secondly, the USD is a world reserve currency. The impact of inflation would not only completely destabilize our own economy, (think Zimbabwe) but destabilize the economies of the entire world.
Also, the government is working on deficit reduction, and even at its zenith, our current deficit was not nearly as high as US deficits of the past (as a percent total of GDP) and the likelihood of the government not being able to pay interest and creditors is actually very slim. Now that they are working on addressing the issue the probability of that situation has declined even further.
The effects of inflation are DEVASTATING. They would destroy this country. And do you know how you stop inflation? You drag the country through a severe recession like Volcker did in the 70s.
No make the banks pay all our debts.
Forbes just released it's richest Americans list. Amazing what it can tell you:
http://www.forbes.com/forbes-400/gallery
I think every protester needs to know this fact (link below):
From a dailymail.co.uk article printed on Oct 15th 2011 (YESTERDAY!!)
"Meet Americas 10 highest paid bosses"- quote
"The numbers, while staggering, may not be the most shocking aspect of the list: geography is.
None of the top 10 earning CEOs are from Wall Street, or even the financial sector. Three are from healthcare companies(McKesson, Express Scripts and UnitedHealth Group), two from fashion houses (Ralph Lauren and Coach), one from real estate (Vornado Realty), one from entertainment (Disney), one from internet travel (Priceline.com), one from advertising (Omnicom Group) and one from oil and gas (Ultra Petroleum)."
DID YOU CATCH THAT? NONE of the top paid CEO's are from WALL STREET OR EVEN THE FINANCIAL SECTOR! So why do your "organizers" have you protesting on Wall Street in the first place?????
Read more: http://www.dailymail.co.uk/news/article-2049405/Meet-Americas-10-highest-paid-bosses-Forbes-list-wealthiest-CEOs.html#ixzz1ayBhM4oq
Better yet, create your own banks, In this, many more people will come to your side when you are proactive (for “new” Business & Government solutions), instead of reactive (against “old” Business & Government solutions), which is why what we most immediately need is a comprehensive “new” strategy that implements all our various socioeconomic demands at the same time, regardless of party, and although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management System of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves; that is, using a Focused Direct Democracy organized according to our current Occupations & Generations. Consequently, I have posted a 1-page Summary of the Strategically Weighted Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures
Join
http://finance.groups.yahoo.com/group/StrategicInternationalSystems/
because we need 100,000 “support clicks” at AmericansElect.org to support a Presidential Candidate -- such as any given political opportunist you'd like to draft -- in support of the above bank-focused platform.
Most importantly, remember, as cited in the first link, that as Bank Owner-Voters in your 1 of 48 "new" Business Investment Groups (or "new" Congressional Committees) you become the "new" Congress replacing the "old" Congress according to your current Occupation & Generation, called a Focused Direct Democracy.
Therefore, any Candidate (or Leader) therein, regardless of party, is a straw man, a puppet; it's the STRATEGY – the sequence of steps – that the people organize themselves under, in Military Internet Formation of their Individual Purchasing & Group Investment Power, that's important. In this, sequence is key.
Why? Because there are Natural Social Laws – in mathematical sequence – that are just like Natural Physical Laws, such as the Law of Gravity. You must follow those Natural Social Laws or the result will be Injustice, War, etc.
The FIRST step in Natural Social Law is to CONTROL the Banks as Bank Owner-Voters. If you do not, you will inevitably be UNJUSTLY EXPLOITED by the Top 10% Management Group of Business & Government who have a Legitimate Profit Motive, just like you, to do so.
Consequently, you have no choice but to become Candidates (or Leaders) yourselves as Bank Owner-Voters according to your current Occupation & Generation.
So please JOIN the 2nd link so we can make our support clicks at AmericansElect.org when called for, at exactly the right time, by an e-mail from that group, in support of the above the bank-focused platform. If so, then you will see and feel how your goals can be accomplished within the above strategy as a “new” Candidate (or Leader) of your current Occupation & Generation.
To cover up everything and fuck us in the ass even more they "borrow more from the fed". That pretty much sums it up.
Considering the fed owns all the banks, the scheme will work right in the publics eyes.