The World, Upside Down

The World

Upside Down?
Upside Down? | Source

Amazing

I am sometimes amazed at how the World has become: Upside down.

It has become upside down mainly because how we the people, have allowed the banks and bankers, to control every aspect of our lives.

Each of us as human beings is born free. Free to make choices of our own, for the reasons we choose and for the purposes that we choose.

Of course, over the thousands of years of our existence, it has become clear that there have to be rules that we as free people must comply with. These obviously include not killing others, not cheating others and the safe nurturing of our children.

It has only been in the last century though, that the “norm” seems to only apply to the lower financial classes and now separate rules, if any, apply to the wealthy. It is amazing that even through thousands of years of evolution; these rules for the rich have no consideration for the well being of others in the species.

Leading Banks

In Control or Out of Control?
In Control or Out of Control? | Source

Banks

First we must consider what banks produce: Nothing.

What do banks grow: Nothing?

What do banks manufacture: Nothing?

What do banks mine: Nothing?

It is said, yes they produce wealth. Perhaps this is true but wealth for whom, other than them only.

So, from nothing they produce wealth for themselves.

How do they do this and how come no one else can?

It is said that they provide a service, what service and for whom?

So this is it. If some body requires money to build a company that will provide goods or services for the people and employ workers, they get a loan from a bank. I get that but whose money do the banks give them: ours not theirs.

How it Works

Big banks have been allowed over the years by greedy or mis-guided politicians, to create a set of rules that only benefit themselves but have to be accepted by the rest of us.

If we go to a bank to borrow money, remembering that it is by us borrowing that the banks make their money, we must answer an enumerable amount of questions.

These questions may include but not be restricted to: how much do we earn, how do we spend it, where do we work, for how long, are we married, how many kids, where do we live, who are our parents, how old are they, are we sick, have we ever been, do we intend to get sick, what do we want the money for, how do we intend to pay back, who can vouch for us and most important of all, do we have collateral?

Why all these questions?

If we have collateral, they will hold it or at least the papers for it and so no questions need be asked, the choice should be ours.

What should happen is: We should be told how much money they have, how much does their CEO make, how much does the owner have, does he pay taxes, what do they intend to do with the profit they make from us?

They should be competing for our business.

In the United States, it has become law that you are not allowed to “hoard” more than a certain amount of currency. We therefore have to use the banks and are forced to comply with their rules.

Even if an independent bank was now to open, they are automatically required to comply with the rules of the larger bank “syndication”.

A Loan

So after answering all the questions we get a loan, perhaps to buy a house.

The bank holds the house paper. This means that if we default on the loan agreement, they get to keep the house. We pay interest. No objection, that’s how they make their money. Then though, WE have to pay insurance. The insurance companies are owned by the banks, this is double payment.

If we miss an insurance payment, the insurance becomes invalid. We miss another couple of mortgage payments, the bank takes the house. We have nothing.

When does an insurance company pay the bank, to stop the bank taking back the house?

So we come on hard times. We lose the money we have already paid on the house, whether it be deposit or regular payments. We lose the money we paid for as interest on the loan. We lose the money we paid as insurance payments.

The bank has all the money paid them. The bank has all the interest payments. The bank also now has the house that they can resell, probably at a higher rate than what was first borrowed for the initial purchase.

The insurance company, probably owned by the same bank, has all the insurance payments made on that house.

We have nothing, except perhaps extra questions and a higher interest rate to pay when we next go to a bank to get a loan for something to cover our heads.

Just Another Puppet?

ASK
ASK | Source

Conclusion

OK, we made a free choice to go to the bank for a loan.

If we had collateral, we lost it. If, perhaps in the case of a house, the house is the collateral, we lost it.

What is amazing is this: in either case, the bank never lost anything.

This begs the question:

How can a bank lose so much money that it has to ask the Government to bail them out with OUR money?

The answer has to be that although WE were required to play by the rules they set, they had no rules by which they must play by.

In their greed for yet more wealth and power, they loaned their fellow “colleagues” money to “gamble” without collateral and so must pay for their error of judgment.

We may have to suffer the consequences of those choices we make but we should not have to endure, let alone be forced to endure, the consequences created by others choices.

There have to be rules and laws but those rules and laws must be equally followed and enforced by all.

These rules must equally apply to the rich as well as the poor, perhaps even more so as usually the poor’s choices only affect themselves, whereby the rich man’s choice all too often affects many.

At this time of an approaching Presidential Election, the people should be asking only one question of the candidates.

Do you too Sir, intend to be yet another pawn to the bankers?

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Comments 10 comments

Eiddwen profile image

Eiddwen 4 years ago from Wales

A great hub and thanks for sharing.

Eddy.


tsadjatko profile image

tsadjatko 4 years ago from maybe (the guy or girl) next door

Buying gold, yes, but putting it in another bank, even offshore, means they won't be able to get it out if there is a run 'cause those banks are in the same 'Fractional Reserve Banking' system.

This is one reason why gold has gone from $275/once to where it is today. The "rich" know what will eventually happen.

I always laugh when I see the commercials on TV for gold dealers and they say you can't print gold! Like hell you can't, what do you think gold mines are doing every day - they manufacture gold which is no different than manufacturing (printing) money and at the price gold's at I wouldn't be surprised if it is actually cheaper to mine gold than to print money. The only difference is there is a limit to how much gold can be mined but not how much money can be printed and only the fed can do that..


rafken profile image

rafken 4 years ago from The worlds my oyster Author

tsadjatko- I fully agree with you and the fall will come sooner rather than later. An added problem though is the rich, bankers etc. As you said much of the money does not really exist, that that does is withdrawn by the rich and put in off shore banks or spent buying gold etc. This means it would now not take much of a rush by regular people, to cause a problem and that is probably why a "cap" has been put on how much a regular person can hold, let alone take out of a bank in a single transaction. No such restrictions seem to apply to the rich.


rafken profile image

rafken 4 years ago from The worlds my oyster Author

tsadjatko- I fully agree with you and the fall will come sooner rather than later. An added problem though is the rich, bankers etc. As you said much of the money does not really exist, that that does is withdrawn by the rich and put in off shore banks or spent buying gold etc. This means it would now not take much of a rush by regular people, to cause a problem and that is probably why a "cap" has been put on how much a regular person can hold, let alone take out of a bank in a single transaction. No such restrictions seem to apply to the rich.


tsadjatko profile image

tsadjatko 4 years ago from maybe (the guy or girl) next door

Where the banks lose money is when they get the house back to resell and it is worth substantially less than what was borrowed or in some cases the market is so bad it can't even be sold. Also the banks invested their assets in AAA rated mortgage backed derivatives which became worthless with the real estate crash.

The real problem with the banking is the 'Fractional Reserve Banking' under which banks operate worldwide. We have a banking system in which only a tiny fraction of bank deposits are backed by actual cash-on-hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties. Most countries operate under this type of system.

For example if a bank has $10,000 cash it can loan out 10 times that amount. A builder borrows $100,000 (he takes a check not cash) and deposits it in the bank. The bank now shows it has cash reserves on deposit of another 100,000 and based on that it can loan out 10 times that amount or 1,000,000. So you see when this is done on a wide scale money is being produced on paper but no money is in circulation to cover what is created. Consequently a house of cards is created where there isn't enough money in circulation in the whole world to pay off even a tiny fraction of the loans. This is why banks had to shut down in the great depression when people ran on the banks

to take their money out. Nothing has changed. If everyone wanted their money out of the banks at the same time the banks today would only have a tiny fraction of the cash on hand to pay and could go nowhere to get cash because there isn't enough in circulation. The fed won't print cash and just give it away to people.

This 'Fractional Reserve Banking' policy will eventually be the ruin of the whole world economy.


xanzacow profile image

xanzacow 4 years ago from North Myrtle Beach, SC

How would anyone know if you had wads of cash under your mattress or buried in the back yard? I say hoard! Great enlightening article. Voted up.


rafken profile image

rafken 4 years ago from The worlds my oyster Author

sparkster- As far as I know there is not a similar law in the UK-Yet but don't hold your breath. I think the amount in the US is $10,000. That is perhaps why most travel amounts cannot exceed the same figure. They are forcing us to use the banks, that are in turn, shafting us. The excuse is that if the Government doesn't know where the currency is, they can't be expected to be able to control its worth. Well, even with their limits, the US Government isn't doing a very good job, perhaps no harm can be done by reversing the tactics. Out of the bankers controls maybe the currency will become worth more.


diogenes profile image

diogenes 4 years ago from UK and Mexico

So true. And what amazes is they carry on whatever happens! In the UK they are still blythely paying themselves huge bonuses and are allowed to keep on cheating people over charges, fines and all the rest. It's hard to see what will be the end of it all. Britain is bankrupt according to all the polls, but it's only the poor who seem to be counting pennies. But the thing none of them can buy, apparently, is happiness as a poor Mexican with a handful of grubby tortillas has more inner cheer than a score of grey-faced money crunchers.

Why don't the serial killers with guns shoot bankers and not their fellow citizens on the street?

Bob


sparkster profile image

sparkster 4 years ago from United Kingdom

"In the United States, it has become law that you are not allowed to “hoard” more than a certain amount of currency."

I did not know this and it is absolutely ludicrous, if I had a significant amount of money I most certainly wouldn't trust the banks with it, I would hoard it!

Does anyone know if there is a similar law in the UK?


somethgblue profile image

somethgblue 4 years ago from Shelbyville, Tennessee

These kinds of articles are very enlightening as they help to reveal the reason why humanity is trapped in a victim mentality of our own making.

Very well written and explained thank you!

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