Earthlinggb's Blog

YOU loaned the Banks money! They owe YOU it back!

Posted in Finance, Politics, The Corrupt SOB's by earthlinggb on February 15, 2011

I want to try and make this issue as clear, succinct and simple as possible for ANYONE who reads it…….

THE MONEY ILLUSION, THE CON, THE REAL GLOBAL PONZI SCHEME LEGALIZED!

MERVYN KING AND MANY MORE ARE PROMOTING THE FACT THAT THE FRACTIONAL RESERVE BANKING SYSTEM IS UNTENABLE. WHAT THEY DO NOT DARE TO STATE (BUT WHICH IS THE BASIS FOR THEIR BELIEVING IT SO ANYHOW) IS THAT THE ENTIRE SYSTEM IS, AND ALWAYS HAS BEEN, ONE GIANT, CORRUPT, PONZI SCHEME. THE ENTIRE GLOBAL BANKING SYSTEM AND THOSE RESPONSIBLE FOR IT SHOULD BE UNDERSTOOD FOR WHAT IT IS AND WHAT IT ALWAYS HAS BEEN AND THE PERPETRATORS OF IT – ROTHSCHILD, ROCKEFELLER AND OTHERS, SHOULD BE BEFORE THE HAGUE FOR CRIMES AGAINST HUMANITY AND PREFERABLY SHOT – OR HUNG.

The British government knows this and so do the banks and bankers who OWN the banks and IMF etc.

WHEN YOU GO TO A BANK AND EITHER DEPOSIT YOUR MONEY OR YOU SIGN FOR A LOAN, THE BANKING SYSTEM AS A WHOLE HAS A “MULTIPLICATION FACTOR” INHERENT WITHIN IT WHICH HAS BEEN LEGALISED FOR CENTURIES. IT IS CALLED “FRACTIONAL RESERVE BANKING” AND IT IS A CON ON EVERY SINGLE PERSON ON THIS EARTH.

What it allows is that the banks, as a whole system, can take your signature on a loan for, say, £100,000 for a mortgage let’s say, and the banking system then generates that amount as nothing more than digits on a computer screen. IT NEVER DID EXIST AND DOES NOT EXIST!

Yet YOU have signed it into existence. But even more than that, you have created at LEAST (and it is AT LEAST) 10x (so £1M) that amount into the banking system. YOU have, therefore, GIVEN (LOANED) the banking system £1M. The following is from the Federal Reserve’s OWN LITERATURE….

Now, while the following video is an excellent summary of the Banking system and what we are trapped within (and TRAPPED is the correct term here), what it does not do is clarify precisely how the debt which, would be left for the public (which includes government borrowing of course) to repay even if we repaid every loan in existence, is a debt which would never have had existed if it were not for OUR signatures creating the money then loaned to us in the first place. Essentially, the banking system (completely owned by a few) has us CREATE the money which exists FOR them and they lend our OWN created money to US at interest. So when you watch the video, recognise that the £306bn left in debt to the banks is “money” they never created (we did) or generated in any way through adding ANYTHING of value to society.

This is why, if you are a christian (and I hasten to add I am agnostic when it comes to any and all man-made religions) you MAY recognise why Jesus cast out the moneylenders from the temple and, up until the 17th century (just before the Bank of England was created) USURY was outlawed since this entire issue was understood. Today, it is only Islamic banks which do not charge interest however, rest assured, they get around the system for the problem is not only Jews and their manipulation of christian principles (in ALL walks of life) but any and all corrupt people of any religious bent.

Now, one must simply consider this all very very simply: The banks not only charge you interest on what THEY describe as a “loan” to you of £100K BUT THEY ALSO have another £900K (again, at the very least) which they have been “legally” allowed to create, to either loan out to others OR to invest and speculate with.

[Please note and consider this “legally” point: While it is “LEGAL” for the banks to create this money, you will note further on that the treasury themselves admit that such money is NOT “LEGAL TENDER”! Consider how bizarre these two facts taken together are]

Now, you are only ONE person doing this. There are approx 65 million people in the UK alone using this banking system. Each one of them, through taking a “loan” or depositing their money with the banks, are enabling the creation of “money” FOR the banks out of absolute thin air.
The financial crisis (the mortgage subprime and Credit Default swaps etc) has all been based upon the £billions (in fact £trillions) of non existent money (except existing on the balance sheets of banks worldwide and created by YOU) being used to gamble.

THEN, when they have “lost” this “money” (it is seriously monopoly stuff), not only do they expect your payback on your mortgage and loans based upon money which never existed until you SIGNED it into existence, but they also demand (and put pressure on) our government to apply austerity measures and sell off assets (such as forests/land) to pay back the loans which the government itself took form these banks AND increase taxes of all shapes on you.

REMEMBER: THIS “MONEY” THEY LOST WOULD NEVER HAVE EXISTED WITHOUT YOUR SIGNING IT INTO EXISTENCE!

Please consider this response, to an FOI request, from the UK Treasury VERY carefully:

You will note the reference made to “credit money” in particular and the admission that it has no intrinsic value (not linked to gold for example) and that it is NOTHING MORE than a PROMISSORY NOTE or I.O.U.
Now, let’s consider the “money” which exists in ALL banks (whether initially YOUR cash deposits or not):

From another FOI request to treasury regarding LEGAL TENDER:

1. Is electronic money legal tender in the UK?

Bank of England notes are legal tender in England and Wales. Therefore,
electronic money (bank deposits) is not legal tender. Nevertheless,
people are very often willing in settlement of a debt to accept value in
the form of bank deposits which can be delivered using a wide range of
payment instruments, e.g. debit cards or cheques.

Hence in ordinary everyday transactions, legal tender has little practical
application. It means that if a debtor pays in legal tender – i.e. in
banknotes – the exact amount he or she owes under the terms of a contract,
he or she has a good defence in law, if they are subsequently sued for
non-payment of the debt. It is essentially a matter of agreement between
the parties concerned in a transaction.

is_electronic_money_actually_leg#incoming-31044

So from the above, please understand that the Banks are gambling with money which is not, by the UK treasury’s own admission, legal tender!! And YET, when they “lose” it (and the system as a whole – as I have explained – does NOT lose it, it is simply transfered upwards) YOU, the taxpayer, are LEGALLY obliged to bail them out with your REAL generated wealth from the sweat of your brow!

ARE YOU SEEING THIS YET?

Now, back to the original FOI response:

“None of the above suggests to us that mortgages contracted with financial institutions…. would be judged void”

OF COURSE the treasury would HAVE to make this statement because it is simply due to their need (and the Bank of England/ALL Central Banking/ Banking system’s need) to maintain what we all know is “confidence” in the system. You may quite rightly then call this entire system a “Confidence Trick” for that is precisely what it is. It maintains itself on people’s ignorance!
BUT the treasury is morally bankrupt with such a statement because, while it suggests the only alternative is bartering with goods and services, that is using a “slight of hand” to deflect from the REAL issue.

PAPER MONEY and the BANKING SYSTEM would have been (and can be) perfectly adequate in concept if it had always been based upon REAL (NO fractional reserve) money being used for deposits and loans. There would then be NO “illegal tender” in the banking system that they could expand and contract at will. Furthermore, IF THE GOVERNMENT DID NOT BORROW IT’S MONEY BUT ACTUALLY CREATED SOVEREIGN TREASURY MONEY (for want of a better term), IT WOULD HAVE NO INTEREST AND THERE WOULD BE NO (ZERO) NATIONAL DEBT. THEREFORE THERE WOULD BE NO NEED FOR AN IMF TO DEMAND AUSTERITY MEASURES FOR THERE WOULD BE NO DEBT!

Given the “Confidence trick” the banks have played and the immorality of the entire system:

1. They LOAN YOU money which never existed and charge you interest on it, while that loan has allowed them to generate at least 10x the loan amount in MORE non existent money.

2. They do not pay you interest on the £1M you have generated for them but actually CHARGE you interest on £100K you have taken as a loan AND GENERATED FOR THEM.

3. The banks add ZERO value to ANY transaction. It is YOU, as working taxpayers that generate EVERY LAST PENNY of value within the system.

Then, yes, if people fully appreciated this, the banks and those who justify and promote them (i.e. our government), would be held to account and the mortgages contracted with financial institutions would most certainly be judged void. There being NO “consideration” within the contract. The ONLY consideration being provided by YOU in your creation of the money by your signature and your promise to pay, with interest, a sum of money which would never have existed for the bank in the first place.

AND YOU ARE ALLOWING THIS TO CONTINUE!

WHEN A BANK ATTACKS YOU FOR NOT BEING ABLE TO KEEP UP WITH YOUR MORTGAGE PAYMENTS, YOU HAVE TO UNDERSTAND THAT IF PEOPLE UNDERSTOOD THIS ENTIRE CON, THEY WOULD SOON GIVE UP CHASING YOU. THEY DID NOT HAVE THAT MONEY TO BEGIN WITH AND THE GOVERNMENT KNOWS THIS AND THE GOVERNMENT IS CONTINUING TO ALLOW LEGALISED MASS THEFT BY THE BANKS.

IT IS MORALLY CORRUPT AND REPUGNANT AND ALL THOSE WHO HAVE SET THE SYSTEM UP AND< TO THIS DAY, USE IT (The IMF and World Banks owners together with the Federal Reserve and major investment banks such as Goldman Sachs, J.P Morgan etc) SHOULD BE LOCKED UP. This is not a throw away statement. This is a serious one. These people have entrapped the world’s population into a global con which has gone on centuries. The booms and busts are created to first expand the money supply globally then the “bust” is not for them. The bust is when they transfer the money from you and I and our offspring to them.

IN CONTRACTUAL LAW, THERE MUST BE SOMETHING CALLED “CONSIDERATION” ON BOTH SIDES. EACH PARTY MUST BRING SOMETHING OF TANGIBLE VALUE TO THE CONTRACT. THE BANKS, WHEN PROVIDING A LOAN, DO NOT DO THIS. YOU DO! YOU ARE CREATING THE “MONEY” THEY “LOAN” YOU BY WAY OF YOUR SIGNATURE. YOU ARE NOT ONLY CREATING THAT MONEY BUT 10x THAT AMOUNT FOR THE SYSTEM AS A WHOLE- FACT! QUESTION: WHERE IS YOUR INTEREST? YOU ARE PAYING INTEREST TO THEM ON MONEY YOU CREATED!!! WHERE IS THE INTEREST THEY – IN FACT AND IN PRINCIPLE – OWE YOU??

So ALL of those £trillions WE create for them allows for the massive bonuses, allows the banks and Corporations owned by these same banks to buy up land and assets and also to speculate and play their monopoly game. When it doesn’t work out (and it doesn’t at the high street banking level because that is the whole idea – to pump up a financial bubble then deflate it) what happens is that the bubble is deflated and the money does not disappear – it finds it’s way through hedge funds and very private investment vehicles to those who KNOW what is about to transpire. George Soros IS NOT a brilliant investor! He is an Insider. If you knew beforehand that the horse way out in front was going to fall before the finish line you would bet on the number two horse now wouldn’t you?
Doing so transfers wealth from us to them. It’s SIMPLE!

In 2008/9 the 1000 richest in Britain raised their wealth by 30%. THINK about that for just TWO SECONDS! It doesn’t take an Einstein!

There is a financial crisis across the world but these people saw their wealth soar by 30%!

rich-list-wealthy-britain

How? By exactly what I’m telling you above. It is a transference of wealth and precisely why people like Soros and Kissinger and our political elite LOVE crises! They make opportunity out of them because they CREATE them!

Please read the following re Alan Greenspan and his joining a Hedge fund almost a year before the crash: an-orchestrated-crisis-what-more-evidence-do-you-honestly-need

Please read the following re Ken Clarke and HIS Hedge Fund dabbling a year before the crash: centaurus-board-idUKNOA13935520070601

Then, finally, please read the following of how these people KNEW there was going to be a financial “destruction”:

[ Source: CEC’s Australian Alert Service Oct.03 2002 ]
According to the Sept.26 LondonTimes, in private retreats, top oligarchs are discussing a “hair raising” and “grim” future of non-stop wars in the Middle East, and global economic collapse — or, How the Old Dark Age meets the New Dark Age.

In his regular Times column, Anatole Kaletsky writes a quite shocking article. He says he is reminded by a recent experience he had of the writings of Boccaccio’s Decameron, written during the 14th century tribulations, where a form of “escapism” is described, whereby the characters “turn away from the plagues of the outside world and retreat to a refuge of beauty, luxury, and self indulgence. Although I am not very rich, I had the opportunity to do exactly this when I spent two days at a retreat for the rich and powerful, organized by NetJets, a company which provides private aircraft for the world’s movers and shakers.

Schwarzenegger being Groomed for California’s Governor (He’s being groomed for more than that. He will most likely end up the first President of the North American Union).
Warren Buffet, Arnold Schwarzenegger and Lord Jacob Rothschild at Waddesdon Manor
“Everything about this gathering made me think of Boccaccio. The setting was Waddesdon Manor, the magnificent baroque palace outside London, built by the Rothschild family, in the 1980s…. The hosts were Lord Rothschild,…. and Warren Buffet, the owner of NetJets, and the second richest man in the world.” The themes were so unnerving, that “the conference agenda made me think of Boccacciossybarites, eating sweetmeats on their hilltop outside Florence, as the plague ravaged the world outside..”

He said that while everyone was drinking the best wines in the world, they were confronted with “three interconnected traumas” by those speaking: The Middle East, The collapse of shares, and the prospect of a global economic depression.

Kaletsky writes: “The apocalyptic tone was set by a hair raising discussion of the Middle East. After hearing presentations from two well placed Washington officials, it became clear that war was now inevitable — and in a matter of weeks, not months. Far more alarming, was that the war would not stop with the removal of President Saddam Hussein, still less with the U.N.-sponsored campaign to eliminate Iraq’s weapons of mass destruction.
Within hours of September 11 2001, President Bush apparently made two irrevocable decisions. America was at war, and the war ‘was not just against the authors of September 11, but against all those who air or support acts of this kind.’ The war against terror, would therefore, ‘get bigger and bigger all the time.’

“After dealing with Iraq, the pressure for ‘regime change’ would shift to Iran, then Saudi Arabia, Syria, and Pakistan. Most Middle Eastern countries, we were told, were not really ‘nations’. They were personal fiefdoms. Iraq should really be called ‘Saddam-land’, Syria ‘asad-land’ — and the name Saudi Arabia speaks for itself. Thus military action to remove Saddam will really be a war on Iraq, not against it. The White House seemed confident that Iraqis would see things this way and would welcome U.S. soldiers, if not American bombs.

“As if an ever expanding war were not bad enough, the economic outlook presented to the gathered plutocrats, was even grimmer since it was not overlaid with the blustering confidence of the Washington war party. In contrast to the geopolitical experts, who all seemed intoxicated by the omnipotence of the U.S.military machine, the economic experts — including James Wolfensohn, President of the World Bank, Paul Volcker the former chairman of the Federal Reserve Board, and, of course Buffet himself — all emphasized the impotence of monetary and fiscal policy after the collapse of one of the great speculative bubbles of all time.

“To make matters worse, the assembled company generally agreed that America and Britain, would soon be threatened by the new bubbles in the property markets……..”

and

Then, in May 2003 Asia Times:

EE22AK03.html

“An influential Jewish European banker reveals that the ruling elite in Europe is now telling their minions that the West is on the brink of total financial meltdown; so the only way to save their precious investments is to bet on the new global crisis centered around the Middle East, which replaced the crisis evolving around the Cold War.”

From “Business Week”

Stock markets across the world may have tanked last year but that didn’t stop the top performing hedge fund managers from making themselves a huge pile of cash.

In fact, the top 25 made £8.275 billion or an average of $464 million (£331m) each in 2008, according to research by Alpha Magazine. That is enough money to pay for 30 hospitals, employ more than 300,000 nurses for a year, or vaccinate every child in poverty from five preventable diseases.

Anyway, here is the list of the top 10, and how they made their millions (billions).

(Earnings have been calculated by adding each managers’ share of their firm’s performance and management fees, and gains on their own capital invested in their funds.)

1. James Simons, Renaissance Technologies Corp: $2.5 billion

Mr Simons generated an 80 per cent return for investors at his 20-year-old Medallion Fund last year. His exact investment strategy is a mystery but he says that it is based on rapid-fire trading across almost every possible market. Alpha Magazine says that his fund relies on computer-driven programs designed by an army of more than 100 Phds.

2. John Paulson, Paulson & Co: $2 billion

Mr Paulson also appears in our list of the 10 biggest winners of the financial crisis after he made millions in 2007 short selling risky pools of collateralized debt obligations. Last year he continued short selling and continued to make huge profits. However, Mr Paulson has felt the effects of the slump in the US housing market. Last year, he cut the asking price for his 6,800-square-foot Southampton, New York, home twice, by a total of $5.6 million, to $13.9 million.

3. John Arnold, Centaurus Energy: $1.5 billion

Energy trading John Arnold achieved an 80 per cent return at his Houston-based fund last year. The former Enron trader, who manages $5 billion in assets, deals mostly in natural gas, using futures and other derivatives.

4. George Soros, Soros Fund Management: $1.1 billion

Mr Soros’s $21 billion Quantum Endowment Fund eventually rose 8 per cent last year but it was a close call. In an annual review he published in the Financial Times, Mr Soros said he was losing money until bet correctly that the US dollar would fall. Mr Soros made his name and millions of pounds by betting against Sterling in the early 1990s.

5. Raymond Dalio, Bridgewater Associates: $780 million

Mr Dalio’s $38.6 billion Pure Alpha Strategy fund made 8.7 percent last year after a series of successful currency trades. Mr Dalio went long on the Japanese yen and shorted certain credit positions and emerging markets.

Although Mr Dalio’s is unlikely to suffer personally, he is very pessimistic about the future of the world economy. In his year-end letter, he wrote: “One of the most important lessons for those who did badly in 2008 is to have a ‘timeless and universal investment’ perspective” and to “understand what happened in long-ago times (e.g., the 1930s) and faraway places (like Japan and Latin America).”

6. Bruce Kovner, Caxton Associates: $640 million

Bruce Kovner, a former NY cab driver, made 13 per cent last year (after a 30 percent performance fee) on his $4.3 billion Caxton Global Investments fund . Most of the profit came from fixed-income investments.

7. David Shaw, D.E. Shaw & Co: $275 million

D.E. Shaw & Co.’s $13 billion macro fund was up about 7 per cent last year, offsetting most of the loss from its flagship $15 billion multistrategy fund, which ended 2008 down 8 to 9 percent.

8. Stanley Druckenmiller, Duquesne Capital Management: $260 million

Mr Druckenmiller made his money last year by reducing both his long and short exposures, instead building up cash. By the end of the year, he had cut his exposure to equities frop $5.8 billion to just $745 million. He also correctly bet on the dollar staging recovery last summer.

9. David Harding, Winton Capital Management: $250 million

Mr David Harding rode a number of trends — both up and down — including large moves in bonds, equity indexes and commodities (especially energy and grains), according to Alpha magazine. His $5.5 billion flagship Winton Futures Fund rose 21 per cent.

10. Alan Howard, Brevan Howard Asset Management: $250 million

Mr Howard’s Multi-Strategy fund made a 21 per cent gain in 2008 mostly from interest rate and foreign exchange arbitrage.

source:

business week

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