Posts Tagged ‘debt’

Poisonous Banks Destroying World Economy

December 17, 2008

Banks immoral behaviour shrinks World supply of money and destroys economy

 

For our Global system of money to work we have depended entirely on all our banks to act responsibly, with honesty, morality and probity.Because the banking system realised it could get away with being increasingly dishonest, immoral, completely irresponsible and absolutely without the slightest hint of probity or decency, the currency system of the World has been destroyed by their fraud and breathtaking greed.   

We have a system whereby nearly all the money is manufactured by the banks issuing loans to their customers. These loans amount to about ninety five percent of all the money in circulation. Nearly all the money we therefore use is created by a bank making a loan to someone else.

A culture of rapacious, greedy dishonesty was created throughout every aspect of the banking system as the banks tried to lend ever increasing amounts of money with a complete disregard of their poisonous behaviour towards borrowers. They wanted to lend as much money as possible because the more they lent the richer the banks themselves could become at the expense of those borrowers.

So, all this had the effect of putting absolutely every business and individual person into more and more unsustainable debt. The currency system is actually called money as debt and a fractional reserve banking system whereby the banks can create unlimited amounts of money out of nothing. If there were no bank loans at all, there would less than ninety percent of money in circulation and no-one would be paying interest to the banks.

This system allows banks to exercise increasing amounts of control over every aspect of business and personal life. Everyone was at their mercy. All of us were really working for the banks – working hard at earning enough to pay the increasingly absurd levels of interest and penalties on all the banks loans.

Businesses were constantly persuaded to borrow more money to expand, individuals were persuaded to borrow impracticably large mortgages to buy homes and consumer goods they really didn’t need. We were all told how silly we were if we didn’t use credit cards to spend money we didn’t actually have.

The banks were in complete control of almost the entire supply of money everyone depended on to enable all trade and personal commerce to exist. All the money in use could be traced backed through debt after debt issued through the dishonest banking system.

The financial well being of every business and individual now depended completely on the banks and how they behaved, and how honest and moral they were.

When the levels of dishonesty exhibited by the banks became so blatant and unsustainable, it became so extreme it had the effect of making the banks themselves too frightened to lend to each other.

They knew better than anyone else how dishonest and fraudulent their system of loans and debt had become and how each bank would try and outsmart other banks by being even more devious with loans to each other.

So the banks stopped lending to each other because they knew they were ripping each other off with dodgy loans which were less and less likely to be paid back.

If the banks weren’t going to lend to each other it interrupted the circular movement of money from bank to borrower and from that borrower’s loan ending up in another bank which, in turn enabled the next bank to issue more loans of many, many times the amounts actually being deposited in the bank. And so on it went around in endless circles.

But once the banks interrupted the entire money supply by being too frightened to lend to each other, it also had the effect of rapidly shrinking the money supply. The behaviour of the banks is making money literally disappear from existence at exponential speed.

This is the reason people have less and less money to pay their debts or to actually buy anything they need. The World economy is being destroyed by all the banks because of their greed and fraud and their fear of lending to each other. They know how dishonest and unreliable other banks can be with lending money and fear their loans to each other may not be paid back because the system they created is so dishonestly fraudulent and unreliable.

Governments around the World thought by lending gigantic amounts of money to all the banks this problem of confidence in the money supply would go away. All the money Governments loaned to banks would enable them to commence lending to each other again and get the circulation of the whole supply of money moving again.

Government were wrong. They were wrong because lending to the banks didn’t make the banks any more honest or improve their morality or common sense in any way at all. So the banks just pocketed any money they could get hold of, held on to it like grim death, carried on paying themselves ridiculous ‘bonuses’ and still refused to lend to each other.

The fact this also meant they had less and less money to lend to anyone else too, didn’t seem to bother them. They didn’t seem to be able to work out their collective behaviour was rapidly destroying the whole World economy and even themselves as they started to go bust one by one.

If something doesn’t change pretty damn quick they will probably all go bust in the end. But they are too pathetic to see that, as they whimper on about how it isn’t their fault at all. It must be someone else’s fault, they say. Meanwhile things will continue to get much, much worse.

They are liars !

Every single single business, and individual wishes to continue to work hard to earn themselves money. Businesses do not wish to sack employees and cease to exist, employees don’t want to sit around jobless and having their lives being destroyed by unemployment. It is being forced upon them by the banks.

We all depend on being in possession of money to trade and prosper as a business, and in turn pay employees’ wages so they can buy things they need from the businesses that are prospering.

Money is simply a token of trust we can use to give to some one else in exchange for goods or services of actual real value we need from them. They can then use that token of money we give them to buy what they need from others.

The banks have manipulated the money system with sheer greed until it has been taken to the brink of complete destruction by their deviousness.

The banks are the only custodians of the money system. No one else at all has control of it. No Government, business or individual has control of the system of money. It is entirely in the hands of the banks. They have abused it, misused it for their own profit and have shown a callous disregard of the damage they do to everybody they deal with. Their behaviour has been, and still is quite simply disgusting.

The banks cannot be trusted. They created the Worldwide financial recession single handedly with no assistance from any one else. They are currently destroying the money supply everywhere with lightning speed. Their self seeking manipulation of the World’s money supply is destroying everyone’s ability to trade, or have a job, or pay back their debts. The entire money system is collapsing exclusively because of the irresponsible, fraudulent behaviour of the banks.

They are utterly callous in turning tens of thousands of people out of their homes, leaving houses empty, vandalised and pointless useless. They are equally callous as they take away the jobs of millions of people by destroying businesses with toxic loans and making it impossible for trade and commerce anywhere to function normally any more .

With this vicious control of money the banks have, allowing them to say who has a business and trades or who has a job and who doesn’t, who starves or who has a home or who is thrown out of their home onto the street by bank bailiffs, to have their entire lives destroyed by being made homeless, is a grotesque condemnation of modern times.

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JUDGE VOICES HIS CONTEMPT FOR BAILIFFS

May 23, 2008

DRAKES GROUP and a FORM 4 COMPLAINT.

This complaint was made to Middlesborough County Court in February 2008 by a disabled lady, who is confined to a wheelchair.

The bailiff’s certificate was revoked and compensation awarded to the lady.

A parking ticket had been incurred and a bailiff from Drakes Group ( now Marston Group) had visited her home early in the morning and clamped her car BEFORE knocking at the door. The car was clearly displaying a disabled blue badge and the warrant in the possession of the bailiff was in the name of Motability Finance. It was therefore clear to the bailiff that the vehicle in question was a disabled vehicle. The bailiff charged £553.36.

The bailiff also maintained that he had visited the house the previous afternoon which was denied by this lady as the family run a business from their premises with staff. Drakes Group, in attempting to prove that a previous visit had taken place provided satellite navigation print outs which the court dismissed as they only proved the bailiff had been in the vicinity….not at the house.
At the hearing, the Judge was critical of the bailiff, but in particular was most critical of the company; Drakes Group Ltd for the following:

RE: THE CAR BEING CLAMPED BEFORE KNOCKING AT THE DOOR.

“There appears to have been absolutely no reason to do that except to bump up Drakes’ fees…..which had already been bumped up, it seemed to me, by a heavily unjustified charge the day before”.

RE: THE ALLEGED VISIT THE PREVIOUS DAY.

“I regard it as significant that there is no copy of the letter left (the previous day). I am told that this is a system of Drakes, but Mr X is the only person who can carry the can for an unsatisfactory system.”

RE: THE CHARGES OF £553.36

“Looking at that document ( breakdown of fees) which contains five figures, there is a maximum of one which is accurate , all the others are excessive”. He also said that “it seems to me that Mr X is trained to seek excessive amounts by is employers”. The Judge confirmed that the “correct figure would probably have been something under £200 made up of the original £95 (PCN), letter and two visits if one took a favourable view about the first visit, certainly NOT £553.36″

RE: SUMMING UP, THE JUDGE SAID THE FOLLOWING:

“All in all, this is a disgraceful performance, which I find particularly disturbing since it seems to be in accordance with the policy of the employers Drakes Group Ltd. I find it a matter of considerable regret that there is no body which governs the company rather that the individual bailiff. If there had been, it seems to me that Drakes Group ought to be taken before it and deprived of any licence it had”.

“It seems to me that it is perfectly clear that firms of this sort ought to be licenced and ought to operate under a statutory code of conduct rather than regarding themselves as……having a licence to rip off debtors”.

Posted by Bailiffadviceonline