The Truth About Corrupt Banking System!

[china]

Northerntruthseeker
"IN A TIME OF UNIVERSAL DECEIT, TELLING THE TRUTH BECOMES A REVOLUTIONARY ACT" - GEORGE ORWELL, AUTHOR ..... "ALL TRUTH PASSES THROUGH THREE STAGES. FIRST, IT IS RIDICULED, SECOND IT IS VIOLENTLY OPPOSED, AND THIRD, IT IS ACCEPTED AS SELF-EVIDENT" – ARTHUR SCHOPENHAUER, PHILOSOPHER
MONDAY, APRIL 9, 2012
12 Year Old Canadian Tells The Truth About Corrupt Banking System!
One of the major subjects covered in this blog is the scandalous, ruinous, and very criminal private Usury based banking systems that have strangled the world to the point that now we are all on the verge of total world wide economic collapse. It is a fact that all currencies used in today's private debt based monetary systems are generated with compounding interest that can never be paid off. It is also a fact that throughout history, any nation that uses such a debt based monetary scheme for its finances eventually collapses under the weight of debt that accumulates and crushes the nation itself.

Here in Canada, we too are suffering from the burden of a private debt based banking system that has caused a horrific national "debt" that absorbs some 160+ million dollars daily in interest payments alone.

Many Canadians are totally unaware of the massive criminal private banking system swindle that will eventually crush and destroy this nation itself. However, I just came across a fabulous video entitled: " Corrupt Canadian Banking System" where an exceptionally bright 12 year old girl went in front of some 600 business representatives and told them exactly how the present Canadian banking system is totally corrupt and even offers solutions on how to fix the problem...



NTS Notes: I have always been troubled by the fact that much of our youth here in Canada has been brought up to falsely believe that the present criminal debt based monetary system is good for Canada.... I can see from this young lady's fabulous speech that not all are fooled, and there may yet be hope for all Canadians to wake up and put an end to the ruinous criminal banking scheme once and for all.

The fact is that if a 12 year old can see the criminality of our present banking system...Then why the hell cannot the rest of the public see it as well?

Please take this very informative video, and pass it around to others to see for themselves. The present debt based monetary system is unsustainable, and unless we end it immediately, then we will eventually see the end of Canada as a viable "free" nation itself .

Google ......"Corruption of Canadian banking system.

 

[Cliffy]

12 year old girl explains how to destroy corrupt canadian banking system - YouTube

Very smart kid.

 

[gerryh]

The sky is falling, the sky is falling.

Very smart kid.

Yup, takes direction well.

 

[Cliffy]

The sky is falling, the sky is falling.



Yup, takes direction well.

I think she is smart because I agree with her points and have stated so on here many times.

BTW, why do we have a the Bank of Canada and don't use it for its intended purpose? Why do we borrow at high interest off private banks when the Bank of Canada was set up for low interest rate loans?

 

[gopher]

As the Old Testament says,


DEATH TO BANKERS!

~ ~ ~ Ezekiel 18:13

 

[Kreskin]

I think she is smart because I agree with her points and have stated so on here many times.

BTW, why do we have a the Bank of Canada and don't use it for its intended purpose? Why do we borrow at high interest off private banks when the Bank of Canada was set up for low interest rate loans?

If you borrowed money for nothing then the true value of Canadian currency would be nothing.

 

[captain morgan]

If you borrowed money for nothing then the true value of Canadian currency would be nothing.

... And the cost mots things would go through the roof

 

[damngrumpy]

The monetary system is an international one and there is little we can do until the
next depression which will happen at some point. The world is not far from being
broke now, Especially with a quadrillion dollars in derivative debt potential.
prior to 1958 one could get a twenty five year mortgage and it would not change
for twenty five years. Now you have to have it renewed according to the contract
one signed. Houses were six to ten thousand dollars. With compound interest,
it is now out of control. Actually the world economic system is out of control.
No the sky is not falling the economic monetary system is falling.

 

[JLM]

The monetary system is an international one and there is little we can do until the
next depression which will happen at some point. The world is not far from being
broke now, Especially with a quadrillion dollars in derivative debt potential.
prior to 1958 one could get a twenty five year mortgage and it would not change
for twenty five years. Now you have to have it renewed according to the contract
one signed. Houses were six to ten thousand dollars. With compound interest,
it is now out of control. Actually the world economic system is out of control.
No the sky is not falling the economic monetary system is falling.

Tell me about it, Grumpy and the causes are 90% greed and 10% impatience (can't wait to have them gold faucets that they charge on VISA) -

 

[Cliffy]

A friend and I built this log house in 1982 for $800. Today, with plumbing and power I guess I could build it for around $50,000. People can't tell the difference between want and need any more.

 

[JLM]

A friend and I built this log house in 1982 for $800. Today, with plumbing and power I guess I could build it for around $50,000. People can't tell the difference between want and need any more.

Nope, it's all a "need" and right now!

 

[captain morgan]

prior to 1958 one could get a twenty five year mortgage and it would not change
for twenty five years. Now you have to have it renewed according to the contract
one signed. Houses were six to ten thousand dollars. With compound interest,
it is now out of control. Actually the world economic system is out of control.
No the sky is not falling the economic monetary system is falling.

There's a catch to that scenario, particularly as it relates to the cost of the house.... In 1958, the average household income was probably well under $10,000 a year.

As far as the short term contracts are concerned, that is also a relative measure as well.... Wasn't it in the 1980s that interest rates were 17% - 18%? Can you imagine the impossibility of servicing that debt for 25 years?

 

[JLM]

There's a catch to that scenario, particularly as it relates to the cost of the house.... In 1958, the average household income was probably well under $10,000 a year.

As far as the short term contracts are concerned, that is also a relative measure as well.... Wasn't it in the 1980s that interest rates were 17% - 18%? Can you imagine the impossibility of servicing that debt for 25 years?

I'd go a step further and say the average income in 1958 was about $5000 a year, BUT you didn't have half as many things "nibbliing" at it. A guy might pay a couple of hundred bucks income tax. The light bill was generally around $3 a month and the biggest thing drawing power was possible a 100 watt light bulb. There was no cable vision. Now we've accumulated a bunch of goods that are not only "choking" us financially but also "mentally".

 

[china]

12 year old girl explains how to destroy corrupt canadian banking system - YouTube

Very smart kid.

Thanks for placing the video on the thread .

 

[PoliticalNick]

If you borrowed money for nothing then the true value of Canadian currency would be nothing.

And where do you get that crazy idea? The value of a dollar is based on how much is in circulation & what it will buy, not what it costs to borrow it.

... And the cost mots things would go through the roof

And where do you get that crazy idea? Hyperinflation is caused by saturating the economy with too much currency in circulation.

Tell me about it, Grumpy and the causes are 90% greed and 10% impatience (can't wait to have them gold faucets that they charge on VISA) -

It is not the interest we pay on borrowing money that is the problem. It is the interest we pay when creating it at the govt level that is the cause of perpetual national debt.

 

[Walter]

Thanks for placing the video on the thread .

Somebody sure dipped this girl up to her eyeblls in Marxist ideology. Poor kid, hope she grows out of her delusions

 

[JLM]

It is not the interest we pay on borrowing money that is the problem. It is the interest we pay when creating it at the govt level that is the cause of perpetual national debt.

At the National level, yes, but I don't think the average consumer who is up to his eyeballs in debt and has a maxxed out credit card strangling him is concerned about that!

 

[Walter]

As the Old Testament says,


DEATH TO BANKERS!

~ ~ ~ Ezekiel 18:13

Out of context. Death to bankers if they charge excessive interest, is what Ezekiel says.. My latest real estate purchase in 2011 was at 2.25%; I don't think I'll kill anyone over that.

 

[captain morgan]

The value of a dollar is based on how much is in circulation

That is only a part of it.

& what it will buy, not what it costs to borrow it.

What it will buy is a reflection of the value.... Now, factor-in that we live in a global economy and that relative economies impact the buying power of your dollars on a relative basis

Hyperinflation is caused by saturating the economy with too much currency in circulation.

I was responding to very low or non-existant interest rates.

As per my post about borrowing money with little or no cost attached (interest), the affordability factor goes way up and people can charge more for things (as well as people will pay more) as it appears more affordable.

Take a look at what happened to Japan when the gvt had a 0% bank rate...

It is not the interest we pay on borrowing money that is the problem.

Then, don't borrow it

It is the interest we pay when creating it at the govt level that is the cause of perpetual national debt.

You're right... Now, the big question is: Why are we borrowing it?

 

[L Gilbert]

Cute kid but all she seems to be saying is "Whoever has the gold makes the rules". It's the "Golden Rule". That's hardly noteworthy.

BTW, JLM, in 1958 100 W light bulbs sucked a lot less energy than those old fridges and freezers, wringer/washers, ovens, toasters, etc.