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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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Business opportunities for sale - One Business Brokers have been representing business sellers and buyers since 1982 and has participated in the representation of millions of dollars in business sales. Medicare supplement insurance texas - Free Health Insurance quotes online, Life insurance, Medicare Supplements, Retirement Plans Buy Health, Life, Medicare online in minutes. Auditing services - At Sakhi Consultants, we give immense opportunity to investors to bring in new investments into UAE setting up their own holding company registration and offshore companies incorporation. Pmp course - DexNova is a Professional Services firm operating in the knowledge industry and dedicated to building excellent delivery capability in organisations across Africa. Our goal is to partner with our clients to make them truly world class organisations. Cortinas cristal asturias - PRIETO METALLIC CONSTRUCTIONS offers the best and widest range of services and products on the market with great value for money, making us one...
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Historical Importance of the Great Depression: The Great Depression, an immense tragedy that placed millions of Americans out of work, was the beginning of government involvement in the economy and in society as a whole. Dates: 1929 -- early 1940s http://history1900s.about.com/od/1930s/p/greatdepression.htm ...
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  • doyla66
    doyla66 says #
    Good to see a history lesson - for the benefit of those self-satisfied and smug people who still think they have secure employment
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By Shah Gilani: The Daily Reckoning: Port Philip Publishing Co Central Banks: The Ultimate Tool of the Rich and Powerful Central banks - of which the Federal Reserve is, by far, the world's largest & most powerful - serve banks first & foremost. Secondly, they serve their host govts.They are the ultimate tool of the rich & powerful.If you don't realize that, think about what just happened in Cyprus. The Euro Central Bank, with the backing of Germany (whose banks have the most at stake in Europe) just reached into private depositors' accounts in two Cypriot banks to legally take out as much money as they needed.To do what?To give the money to the ECB to give to its constituent member banks (that want upfront cash) so the ECB can in turn make another loan - out of thin air - to Cypriot banks to give them the time to get...
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    doyla66 says #
    Wilson knew what he did was wrong.After serving the dark forces,he would later lament in his diary,"I have unwittingly ruined my c
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  Socialism:You have 2 cows.You give one to your neighbour. Communism:You have 2 cows.The State takes both and gives you some milk.Fascism:You have 2 cows.The State takes both and sells you some milk.Nazism:You have 2 cows.The State takes both and shoots you.Buereaucratism:You have 2 cows.The State takes both, shoots one, milks the other, and thenthrows the milk away.Traditional Capitalism:You have two cows.You sell one and buy a bull.Your herd multiplies, and the economy grows.You sell them and retire on the income.Royal BS (Venture) Capitalism:You have two cows.You sell three of them to your publicly listed company, using letters of credit opened byyour brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows.The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder...
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  • doyla66
    doyla66 says #
    ASIC took my cow!
  • doyla66
    doyla66 says #
    agree Gaby
  • doyla66
    doyla66 says #
    Brilliant!
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"...I am convinced that the agreement [Bretton Woods] will enthrone a world dictatorship of private finance more complete and terrible than and Hitlerite dream. It offers no solution of world problems, but quite blatantly sets up controls which will reduce the smaller nations to vassal states and make every government the mouthpiece and tool of International Finance. It will undermine and destroy the democratic institutions of this country - in fact as effectively as ever the Fascist forces could have done - pervert and paganise our Christian ideals; and will undoubtedly present a new menace, endangering world peace. World collaboration of private financial interests can only mean mass unemployment, slavery, misery, degradation and financial destruction. Therefore, as freedom loving Australians we should reject this infamous proposal. --  Labor Minister of Australia, Eddie Ward, during the inception of the World Bank and Bretton Woods, he gave this warning." Edward John "Eddie" Ward...
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    doyla66 says #
    The Young Are Going to Get Screwed: Part Two By Bill Bonner Thomas Jefferson was familiar with debt. He carried a substantial bu
  • doyla66
    doyla66 says #
    "A world dictatorship of private finance more complete and terrible than Hitlers dream." TOTAL CORRUPTION of the WORLDS FINANCE i
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RBA quietly increases banks’ bailout buffer afr 6/03/2013  CHRISTOPHER JOYE In a globally unique policy, the Reserve Bank of Australia will supply banks with a permanent bailout facility worth up to $380 billion by 2015. The policy has been designed by the RBA to help banks satisfy stringent new liquidity tests which simulate “acute stress scenarios” that deny banks funding for 30 days under the post-GFC rules, Basel III. Local regulators argue that insufficient liquid assets such as government bonds meant they had no choice but to give the banks a new taxpayer-backed “line of credit” that could be tapped at a cost just above the RBA’s cash rate. Smaller building societies and credit unions are not subject to the liquidity tests and will not, therefore, have access to the bail-out fund. Remarkably few people inside or outside financial markets are familiar with, or understand, this “committed liquidity facility”, which will...
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The history of Australian property prices Date February 13, 2013      Philip Soos Magnificent set of charts showing housing prices, mortgage debt, inflation and tracking consequences over 150 year history.  We urge all our readers to take a look at the Macro Business website. http://www.macrobusiness.com.au/2013/02/the-history-of-australian-property-values/ For those interested in the Australian residential property market, a long history makes for fascinating reading. Australians are fortunate because much data on real estate and financial markets is publicly available, going into depth not seen in other countries. Careful scrutiny can yield useful ratios that go back over a century and offer context for where the market is now. Comparing housing prices to inflation is one of the more common indicators in property market analysis. If the trend is fairly even over time, then there is no indication that people are favouring housing relative to other goods and services. On the other hand, if...
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It seems timely to resurrect this Americanism from the 1930s - one of many evocative words the United States has contributed to the English language, says Harold Evans. Americans are pretty good at adding words to the English language. We owe them pin-up girls, highbrows, killjoys, stooges, hobos, drop-outs, shills, bobby-soxers, hijackers, do-gooders and hitchhikers who thumb a ride. During the time Merrill Lynch CEO John Thain was cost-cutting, he spent $1.1m doing up his office - $86,000 for a rug Hear Radio 4's A Point of View The Americanisms are so much more concise and vivid. Instead of saying "sorry we're late but drivers ahead of us slowed us down when they craned their necks to look at a crash" you can say "we were held up by rubberneckers". Words pop in and out of our language as social conditions change. The American gangster, which is still with us, has...
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Into oblivion with an oblivious Fed by Steve Keen Published 8:18 AM, 28 Jan 2013 One of the beauties of the modern age is that documents that once would have been either inaccessible, or taken years of sleuthing to locate, are now readily downloadable from the Web. One such set of documents is the transcripts of the meetings of the US Federal Reserve's Federal Open Market Committee in 2007, all of which have now been released. Everyone who wants to understand why we’re now mired in a permanent economic slump should read these documents – not because it will explain the slump itself, but because it confirms that those who were supposed to ensure that such calamities didn’t occur were clueless about the approaching crisis. Jim Cramer famously ranted precisely the same message at the time, and copped a lot of flak about it, but he was dead right – and...
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  • doyla66
    doyla66 says #
    America is virtually bankrupt. The corrupt American bankers & those politicians corrupted by the banksters have been screwing the
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Well, gee that did not take long did it? The banksters lobbied that "this is just too hard for us", "it's going to affect our bottom line", "our profits for our stakeholders will not be there", blub, blub, blub, crying into their breakfast weeties! The banking cartel do not like anything that means they have to play by some rules....for a change. The news is being released on the internet newswires. Well, I did start to see it yesterday but now some in Australia are just posting it. For me, it just reeks of the typical behaviour. Regulators scream we need tighter rules, greater accountability, etc, etc, blah, blah. Someone dreams them up. They get written up. Then the banking cartel sneakily lobbies the pollies & regulators. Viola! They get relaxed. And  - - - around the wheel we go again . . . . Effectively, it goes like this: "A...
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  • doyla66
    doyla66 says #
    APRA SHOULD HAVE THOUGHT OF THAT BEFORE ALLOWING THE BANKS OPEN SLATHER.
  • doyla66
    doyla66 says #
    Bank secrets hidden. APRA warns releasing information "may affect the stability of Australia's economy" To new readers of this si
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Full story Does one 'super-corporation' run the global economy? Study claims it could be terrifyingly unstable Research found that 147 companies formed a 'super entity' within group, controlling 40 per cent of its  wealth By ROB WAUGH   A University of Zurich study 'proves' that a small group of companies - mainly banks - wields huge power over the global economy. The study is the first to look at all 43,060 transnational corporations and the web of ownership between them - and created a 'map' of 1,318 companies at the heart of the global economy. The study found that 147 companies formed a 'super entity' within this, controlling 40 per cent of its  wealth. All own part or all of one another. Most are banks - the top 20 includes Barclays and Goldman Sachs. But the close connections mean that the network could be vulnerable to collapse.     'In effect,...
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  • doyla66
    doyla66 says #
    Another must read story about the Global Big 4 http://english.pravda.ru/business/finance/18-10-2011/119355-The_Large_Families_tha
  • doyla66
    doyla66 says #
    Their are a group of investment funds known as 'The Big 4' which have a controlling interest in just about every major bank and co
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  What's important here is "fractional reserve banking" (FRB) and who creates the 'real money' -v- who issues money? It might seem odd, but through much of history money was created by banks not governments and this practice of privately issued money, especially once combined with FRB made bank$ters immensely powerful. They [bank$ters] got 'free spending power' each time they created a "bank$ter note", without any gold to back it up --just another fraud bank$ters pulled off as a core part of their everyday business. If normal laws had been enforced on bank$ters, FRB wouldn't have existed --because you can't lend out money that someone has given you for 'safekeeping' ; the bank$ters quickly figured out that people never redeemed the gold; realised they could issue far more bank$ter' notes than they had gold --and nobody would notice. " But it is remarkable that a criticism of FRB is published by [IMF] a mainstream institution. We've been ridiculed for making this argument for years....
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  • doyla66
    doyla66 says #
    " . . it requires you to assume something that is far more important and revolutionary than the idea itself. But the assumption ba
  • doyla66
    doyla66 says #
    Good explanation of Fractional Reserve Banking. How are they going to ever get the bank/lending/credit situation back from the ed
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"The critical feature of our theoretical model is that it exhibits the key function of banks in modern economies, which is not their largely incidental function as financial intermediaries between depositors and borrowers, but rather their central function as creators and destroyers of money. A realistic model needs to reflect the fact that under the present system banks do not have to wait for depositors to appear and make funds available before they can on-lend, or intermediate, those funds. Rather, they create their own funds, deposits, in the act of lending. This fact can be verified in the description of the money creation system in many central bank statements, and it is obvious to anybody who has ever lent money and created the resulting book entries."     The IMF gets radical? --by Steve Keen, Published 5 Nov 2012   An IMF working paper has received a lot ofattention recently – and not for the...
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  • doyla66
    doyla66 says #
    .....the big secret unanswered question...... do Australian Banks create money out of thin air too???....and then loan it to you..
  • doyla66
    doyla66 says #
    “Banks lend by creating credit. They create the means of payment out of nothing”, former [US]Secretary to the Treasury, Ralph M Ha
  • doyla66
    doyla66 says #
    Oxford Online Quote of the week:"Banking establishments are more dangerous than standing armies” Thomas Jefferson (1743-1826) Amer
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Posted by on in Bank Bandits
  Another round of Banks vs Governments? Macrobusiness: http://www.macrobusiness.com.au/2012/10/is-debt-free-money-an-option/
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  • doyla66
    doyla66 says #
    Thanks Lisa If I had the time and inclination I would love to do a detailed reply to the article. I will go and have another look
  • doyla66
    doyla66 says #
    You know so much about this area, Geoff. When you have time post on this it would be great. Then we can circulate this information
  • doyla66
    doyla66 says #
    Thankyou, Geoff. It's good to read your feedback/analysis on this article. Community Exchange Systems - great! Alternative curren
  • doyla66
    doyla66 says #
    Hello Lisa. I have taken the liberty of reproducing the article below as there are several points that I would like to make. 1)Deb
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 .......More Secret, shall I tell you?  Hmm?.....  a Big 4  ......... current mortgage service agreement I bring...... .........ask your bank if its sold your mortgage....... "Indeed, there was fraud at every step of the mortgage process. The big banks intentionally signed up borrowers with insufficient income and assets, threw out the documentation because it would prove fraud, racked up loan fees and received short-term payments before all of the new borrowers ran out of money, and then laundered the bad loans into securitized instruments to sell to the suckers."   A mortgagee and a lender have intertwined rights that defy a clear separation of interests, especially when such a purported separation relies on ambiguous contractual language. The law generally understands that a mortgagee is not distinct from a lender: a mortgagee is "[o]ne to whom property is mortgaged: the mortgage creditor, or lender.". By statute, assignment of the mortgage carries with...
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  • Denise
    Denise says #
    Yes I know but what we need is internal documentation [email protected]
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Holocaust Money in Swiss Banks The offer of the three Swiss Banks - Union Bank of Switzerland, Swiss Bank Corporation and Credit Suisse to pay $600 million to Holocaust victims is insulting. 90 percent of the money represents interest over a period of over 50 years that the Banks refused to acknowledge that there was any money to return. In 1934, a year after Hitler's rise to power sent tremors of fear across Europe, the Swiss legislature passed a law guaranteeing anonymity to anyone who transferred his savings to a Swiss bank. Soon deposits were coming in from all over Europe, particularly from Jews who feared the Germans would plunder their savings. It appears there was a conspiracy between Nazi Germany and Switzerland to lure Jews under cover of confidentiality, to send their money to Swiss banks, who in due course sent the details to Germany. Who thus forced the Jews...
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  • doyla66
    doyla66 says #
    Wow - what a shocker. You're right, Wayne, they are just disgusting.
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I rise tonight to talk about what I consider to be the greatest oxymoron in Australia at the moment—that is, ethical banking. I wish to relate some of my experiences during the early 1980s when my family were involved in a foreign currency loan in Swiss francs. We drew down the loan in January 1985. Shortly after that, we saw the depreciation of the Australian dollar. There was only one way to protect yourself from those loans and that was to hedge your loan. I went to my bank manager, Peter Neil—a good man who lives out here near Goulburn these days—and requested that I hedge my loan. He informed me that I could not, that that would change our currency and you could do that only at rollover periods. The rest is history because Mr Neil was wrong. The bank had not trained their staff properly and it led to...
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  • doyla66
    doyla66 says #
    Bank Managers,used to be pillars in the community,revered, respected.Mr Williams by virtue of the fact your bank manager never sig
  • doyla66
    doyla66 says #
    You're right about banks being sales, sales, sales. That's what happened in the US as well. I've read about and listened to inter
  • doyla66
    doyla66 says #
    Honesty, my guess is that the bank manager would have been told by the bank legal people not to sign his statement.
  • doyla66
    doyla66 says #
    You are a good man for speaking the truth Senator John Williams. I urge all politicians to support him and have the integrity & m
  • doyla66
    doyla66 says #
    Thnak you Senator Williams you give us hope!
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Dear Mr Moore May I suggest you and your staff all clean out your desks immediately, take your service calculators and start marching out the Pitt St side entrance with your heads bowed in shame, carrying your little card-board boxes, as if in a scene from Lehman Bros, Bear Stearns etc. When the removalists have cleared away all the expensive trappings ready for auction, the proceeds can go to refurnishing the building to house the 100,000 clients of this scandal that we believe your bank engineered in the first place.  To say the Lo Doc and No Doc scandal has been the worst bank heist during the past century is an understatement.   Did your colleagues wake up one morning in 1993 and think: "lets stitch as many citizens up in debt as we can possibly grab, and then we can escape in 2008?"  "Lets flag it to all other banks so it becomes the norm"....is that what you did?  "Lets all...
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  • doyla66
    doyla66 says #
    For a trading bank that only got up & running in 1985, they sure have risen very fast on the back of a lot of people's shattered f
  • doyla66
    doyla66 says #
    No wonder Mac shares tanked: deportation of mac executives to, any suggestions? Wall St(& shoot)?
  • doyla66
    doyla66 says #
    Denise, I have noticed your recent 'not serious' humour posts. However this post is serious humour at it's best. Loved it.
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ECONOMIC AFFAIRS: Should we rescue imprudent banks? by Colin Teese News Weekly, August 30, 2008 Those running financial institutions are seldom chastened by the experience of over-lending and the collapse that inevitably follows, writes Colin Teese. To parody a cliché, "Nothing succeeds like excess." The finance industry proves it. But for this we can't really blame market failure. Financial markets don't fail; the normal characteristics of market operation - the possibility of failure as well as of success - have never been allowed to exist. A senior Reserve Bank of Australia (RBA) official once conceded as much to this writer. Banking and finance, she insisted, were too important to allow ordinary market considerations to prevail. Governments, even in market-dominated economies, have long agreed. For a century, perhaps longer, the finance industry has been permitted the luxury of pursuing the "glorious irresponsibility" of free-ranging deregulation to the point of destruction. And so,...
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  • doyla66
    doyla66 says #
    Great find, JJ. I wonder if anyone listened to Colin Teese at the time? What we have seen is a banking bubble supported and nurt
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