The easiest thing in the world to do is spend other people’s money. Democrats do it all the time, paying for everything…
Posts Tagged ‘money’
THE MONEY MASTERS is a historical documentary that traces the origins of the political power structure. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned “central” bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation has fallen prey to this cabal of international central bankers.
If you like this film, please share it with a friend and support the makers by purchasing a full quality DVD here
NEW – Secret of Oz DVD (Updated version of The Money Masters)
Yes, The Big Banks DO Care If We Move Our Money
650,000 customers moved .5 billion dollars out of the big banks and into smaller banks and credit unions in the last month.
But there is a myth making the rounds that the big banks don’t really care if we move our money. For example, one line of reasoning is that no matter how many people move their money, the Fed and Treasury will just bail out the giants again.
But many anecdotes show that the too big to fails do, in fact, care.
Initially, of course, if the big banks really didn’t care, they wouldn’t have prevented protesters from closing their accounts.
NBC notes that – in response to inquiries regarding how many people have moved their money – Bank of America refused to provide figures, and instead sent the following defensive email:
“Bank of America continues to be a great place for customers to manage their everyday finances and achieve their savings goals,” [Colleen Haggerty, a spokeswoman for Bank of America's Southern California operations] said in an email. “We offer customers more choice and convenience, including industry-leading fraud protection, access to thousands of banking centers and ATMs, and the best online and mobile banking, which allow customers to bank on their terms 24/7.”
A writer noted at Daily Kos:
At Wells Fargo, my sister walked up to the teller and politely asked to close her account. The teller said, “No problem.” She pulled up her account and saw the balance and told her that due to the amount she had to speak with the branch manager. The branch manager came out. He was probably 30 years old and was very arrogant. He asked my sister why she wanted to close her account and my sister told him she thought Wells Fargo was part of the problem with the economy. He went thru some talking points about why she shouldn’t move her money, but my sister didn’t back down. When he asked her where she was going she told him that she would be banking at the North Carolina State Employees Credit Union. She isn’t a state employee, but anyone can join if you are related to a state employee. It turns out her husband is. Anyway, the bankster told her “You’ll be back. Credit unions can’t provide the services you need.” We’ll see about that. She withdrew over 0k from Wells Fargo.
Next we went to Bank of America. I closed my last account with hardly any questions asked. Of course, I had taken most of my money out so there wasn’t much left to take. My sister on the other hand had a large balance in multiple accounts. They actually refused to cut her a check for the full amounts. They only gave her 1/3 of her money and told her she’d have to come back to withdraw the rest. They claimed they were only allowed to make checks for a certain amount, and that they had no authority to cut additional checks on the same day. Stupid BofA. She had her check in hand and politely told off the branch manager when he told her she had to come back another day or two to withdraw the rest.
At BofA, we weren’t the only ones closing accounts. There was a line of people. Most had small accounts because they weren’t even being challenged, but she actually had to wait in line to speak with a branch manager.
At SunTrust, the branch manager went off his rocker. He just kept asking her “is there anything I can do or anything I can say to change your mind?” He asked probably twenty times. He even offered to have the market executive meet with her and hear out her concerns. She told him she wasn’t interested. He really looked nervous about it.
And a writer at Daily Bail pointed out:
I went in, asked to speak with a banker and was seated in an office. When the young associate came in and asked the purpose of my visit, I handed her my ATM card and requested that she tell me the balance. When she did, I then asked for a cashiers check in that amount. That’s when things got wonky. She froze, stumbled over her words and asked why I needed that amount (It was not a small sum). This gave me an opportunity to explain that although I personally would not be affected by their new fees I know plenty of friends and family that would feel the pain. In solidarity with them, I wished to close the account and move on.
She unwittingly suggested that if I just use my debit card once a month then there would be no fee. That was good for a belly laugh from me, then I again requested the balance to be issued to me in the form of a cashier’s check. She then told me that there would be a fee for this service. Another laugh. I guess it didn’t sink in when I told her that I was fee adverse. There was an easy work-around anyway – I requested the cash. That finished my time with this associate banker as the amount I was requesting was “well past” her daily limit for withdrawals. I asked if there would be an issue with securing the cash and she said “I honestly don’t know if we have that here” and walked out to get the branch manager.
The manager was pleasant enough and very direct. After introducing herself she flat out asked “What can we do to change your mind?” “We don’t want to see you go” she emphasized. This opened a door for me to further explain my decision to leave the bank and why I was doing it. Amazingly, it did not fall on deaf ears. She indicated that understood where I was coming from and actually showed genuine surprise at some of the facts I provided her about the less than consumer friendly policies and machinations of her employer. She did make some feeble counter-arguments and repeatedly asked me if I would change my mind (with a hint of desperation!).
I stood firm and by the end of our conversation she asked if I would be willing to put it all in writing so she could send it up the chain.
She shared that management is nervous, they are seeing money leaking out of the bank and realize that they have made mistakes…. They are also aware of the growing momentum behind the November 5th move your money movement.
Management is aware that people are angry (how could they not be!) and have put an ear to the ground.
Hundreds of similar stories are being told all over America.
Even though the government may keep throwing money at the dinosaurs, the Basel regulations do have some capital requirements, and so the big banks need to bring in some actual deposits to fund their casino gambling.
Moreover, if too many depositors leave, the illusion that the big banks are serving the American public will be burst, and a critical mass of consciousness will occur, so that the banks’ unquestioned control over the American political and financial systems will start to be questioned.
So moving our money is an effective step towards reclaiming America.
Email from Green Party activist Edy:
Forward this around the country!! Thanks!!
So I had a conversation online and the question came up if it would be un-Green like to take money from Republicans in order to help fund a campaign. Ralph Nader didn’t do it in his 2000, 2004 runs to give you some perspective, but [...]
Green Party Watch
The oil and gas industry’s largest trade group will begin direct contributions to political candidates as it ramps up for a fight over the Obama administration’s proposal to cut billions in tax breaks for energy companies.
“This is adding one more tool to our toolkit,” Martin Durbin, API’s executive vice president for government affairs, told Bloomberg in an interview. “At the end of the day, our mission is trying to influence the policy debate.”
Energy company giving has been heavily weighted toward Republicans.
Oil and gas companies and groups with political committees, such as the Washington-based Independent Petroleum Association of America, gave about 77 percent, or .6 million, of their total contributions for 2009-2010 to the Republican party, according to the Center for Responsive Politics.
Oil and gas companies were the 15th largest source of political contributions leading up to the 2010 election.
Koch Industries Inc. was the industry’s largest contributor, giving .79 million to candidates, more than 90 percent of whom were Republicans. Exxon, which gave .33 million to congressional campaigns, was the second largest. More than 80 percent of Exxon’s money went to Republicans.
Pat Garafalo at Climate Progress writes that API’s move toward direct political contributions is especially troublesome because in addition to lobbying for the industry, it runs committees that set standards for the oil industry.
In its official report, the commission that investigated the BP oil spill found that API was too “compromised” to be setting industry standards. “Because they would make oil and gas industry operations potentially more costly, API regularly resists agency rulemakings that government regulators believe would make those operations safer, and API favors rulemaking that promotes industry autonomy from government oversight,” the commission found.
A Chicago beer distributor who’s friendly with the Aspen Skiing Company’s Crown family late last month plunked down .5 million for a 15,000-square-foot ski pad next to Aspen’s Buttermilk area, which is home to the wildly popular ESPN X Games.
That price point represents a 2010 record for a single-family home in the posh mountain resort, but incredibly is far from an all-time record. That mark was established by a million purchase in 2006, back in the mountain real estate bubble heyday.
Chicago’s J. Christopher Reyes, according to the website Real Aspen, owns the nation’s largest beer distributing firm and is the controlling domestic distributor to McDonald’s Corp. He also used to serve with Aspen Skiing’s Jim Crown on the Crown-controlled General Dynamics Corp. – one of the world’s leading defense contractors.
Reyes likes to keep a low profile and contribute generously to Republican causes, and Aspen, long a liberal retreat for Hollywood elite, is on its way to becoming a mountain haven for GOP strategery.
Reyes is No. 205 on the Forbes list of the wealthiest Americans. He comes in at just over a billion dollars.