Saturday, October 27, 2007

banking - 9-11, Usury, Interest, and the Cost of Money

Prospectus for the Bank of New Zealand declares a 1.1% profit against assets. Doesn't sound like much, does it? Not until you figure in that BNZ capital is only about .1 of its asset base. In other words, the true profit for the bank(s) is over 10%; and the bank does not create a single portion of new wealth. And this is after a whole lot of people have been paid good salaries for supplying banking "services". This looks more like hiway robbery to me.

An interest rate of 10% may seem like a reasonable return to most folks. Until one begins to realize that the true cost of money in a balanced and healthy system is only around 1%. And the only reason interest rates are so high across the board is because the banks set it up just that way. And how do the banks achieve such a high return on "their" money with no wealth creation at all?

It's really quite simple. Under the present banking systems, the banks are allowed to create money out of thin air, using our assets as security. The money supply grows at more than 7.5% per year (even faster in New Zealand), and all of this new money is issued by the banks as interest-bearing debt. And how is it that the banks have such an important and powerful monopoly?

When government borrows and taxes from the people, a huge liquidity crisis is created in the private sector. We are forced to turn to the banks to replace the money "stolen" from us. And so, the entire world money market is driven by this liquidity shortage; driven right into the greedy fingers of the banking oligarchy! Through a device known as "Fractional Reserve Banking", the banks are allowed to multiply their deposits with ledger-entry cash secured by our assets. So the banks willingly pay high interest on deposits knowing that each deposit allows them to create more new money; money that forms the basis for the huge banking profits.

And the bank rates for deposits then affect every other area of commerce and industry. Why take less than "bank interest" for your capital?

We are paying through the nose because these same bankers' money controls the media, the education system, pharmaceuticals, multinationals, and nearly every level of government.

And because these same bankers have no regard for anything but more money and more power, every little excuse for conflict, war, death, and destruction is seized upon with glee.

9-11 was not really about Islam, oil, Osama Bin Laden, or exporting Democracy to the middle east. It was all about money. The banking oligarchy has made trillions from 9-11, and their patsies down the line have done well, too. The multinational arms manufacturers have profited hugely. Government insiders have made millions. Shareholders and investors have profited with high interest returns. In fact a whole lot of people have profited with job security or service opportunities. This is what makes the banking scam so insidious. So many people are so blinded by the prospect of high interest or profit at some level that they don't see the bodies. They don't see the bodies of Arabs, Jews, or Christians caught up in the chaos. And they don't see the bodies of their own children until it is too late.

More information on the 9-11 banking scam can be found at http://www.truthaboutax.com.

Article Source:http://EzineArticles.com/?expert=Carl_Peterson

banking - What Happened To My Money?

Have you ever found yourself asking this question?

If you have you are not alone. There are thousands of people who find themselves looking at their bank statements or calling their banks and asking this same exact question.

The problem is two fold. By this I mean, as consumers it is our money so it is our duty to keep track of our finances not the banks or anyone else. Most people lack the knowledge to understand that we as consumer should not be calling the bank to ask this question, we should already know the answer.

Let's discuss this a little deeper...

Why is it that most people don't keep track of their finances? Some of the top 'excuses' I hear are:

1. Lack of time
2. "Forgetfullness"
3. Don't know!

Lack of Time

Today it is not unheard of for people to complain about not having enough time in a day to do all of things we have to do. Between soccer practice, doctor's appointments, and helping with homework and all of the other things we have to do in any given day it is no wonder we don't have the time to do the simple things.

Keeping track of your account is really a simple task if you learn how to do it the right way.

The ironic thing about all of this is that the banks GIVE you the tools you need to effectively manage your accounts. But majority of use fail to even use a fraction of those tools.

For example, most banks offer some sort of online banking option. This option makes it easy for you to monitor your banking transactions from anywhere with an internet connection. You can also perform some basic maintenance task without ever having to call your bank.

What makes this such a great tool is that it is available 24 hours a day. So after you have had a chance to put the kids to bed and settled down you could balance your daily expenses using this helpful tool.

Note: It is important to note here that any of the tools that the bank put at your disposal are just that... tools! They are not there to keep track of your account for you. That is your job.

Forgetfulness!

Let's face it with all that is going on in our days how can we remember every single thing that we buy in a day. It is inevitable that we will forget something and that is one of the reasons that we find ourselves scratching our heads and asking the question "What Happend To My Money?"

Creating a system that allows for you to keep on schedule but at the same time keeping accurate records of your daily expenses is crucial.

Depending on your lifestyle you should examine your daily routines and find a way and/or time when you can track what it you spend your money on day in and day out.

Don't Know

This one comes down to complete and total laziness. It just couldn't be said any other way.

People get lazy. It is easier to not do it and expect someone else to do it than it is to take an interest in where your money is going every single day.

It goes without saying that being lazy almost always leads to more troubles. By not taking OWNERSHIP of YOUR finances you are leaving it in the hands of strangers.

My dear sweet Grandma used to say "If you want something done right... do it yourself!"

If that ain't about right!

If you want to change your life financially you have to know where to start making changes. That simply cannot be done if you don't already know where your money is going now!

Well now that we have covered some of the more common reasons most people don't keep track of their finances what are some solutions?

1. Hire an accountant
2. Get off your lazy butt and do it.
3. Let things continue the way they are. (Not Recommended)

Take your pick. I suggest option #2.

If you would like to know just how myself and my wife started to keep better track of our finances visit the following link:

http://www.budgetingbasics.com

Not only will you learn how track your daily expenditures easily and quickly, but you will also receive additional tools and tips to help create the ultimate budgeting system that will have your bank account growing at an alarming rate.

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