Posted: Sat Mar 05, 2016 6:28 pm Post subject: Insider Exposes Boom-Bust Debt Slavery [Video]
Mads Palsvig uses his first hand knowledge of the global banking system
to expose the tools of inflation that are being exploited by the wealthy few,
and explains how the economic collapse of 2008 was created, and
continues to be profited off of by big banks.
00:45 The strange nature of privately controlled central banks.
06:10 Greece and the debt model of leveraging countries into economic slavery.
09:43 Creating money and fractional reserve debt.
13:56 Helicopter lending and inflation after the economic crash.
18:51 The myth of trickle down economics, and the reality of wealth distribution.
22:08 Sustainable economic systems as an alternative.
27:28 Spending power of the working class
28:41 Working towards reform after leaving the corporate banking structure.
31:29 Iceland: A case study.
34:10 Confronting the heads of the privately controlled central banking system.
Thanks to longtime listener AND.Y for the Tipoff about Mads Palsvig.
He's along the lines of what we uncovered here on BFN - so
it's great to get his insider's perspective on the Big Scams
and the underlying mechanisms of the real banking system.
If you like the intro above - you'll love the presentation he made
back in January 2016 - which woke a LOT of people up :-)
Mads Palsvig is a fixed income, foreign exchange and derivatives trader with over 28 years of experience coupled with fluent understanding of corporate financial markets. He has worked with IMU, Morgan Stanley, Danske Bank, Titanium Capital, and more, prior to working as an activist exposing privately owned central banking and investment banking scams.
The Big Four Banking Scams Explained
by Mads Palsvig 26 Jan 2016
_________________ Minds are like parachutes.
They only function when open.
Joined: 26 Jun 2007 Posts: 2439 Location: The Canadian shield
Posted: Mon Mar 28, 2016 11:59 am Post subject: A penny for your ....
We could start slowly with this type of reform that would appeal to the reason as well as the pocket-books of all debt-slaves.
The bank can only charge interest on the portion of the loan that is their current asset, ie 10% of their fractional reserve. Since they invent the 90%, as it is paid back, they cannot include it in their assets and simply let it return into "thin air".
As an example, 5% mortgage, $100K, 5 year term with 25 yr. amortization, rather than:
$582/mo. and after 5 yr, you still owe $88.5K
$58/mo + (90K / (25 x 12) = $358/mo and you still owe $72K + $11.5K = $83.5K
So the debt-slave saves $200 per month and yet owes $5K less at the end of the 5 year period.
Since the "missing" interest is going back to "thin air", the banks cannot claim lost revenue per se.
(The $90,000 "owed" is paid back in equal (or inflation adjusted) increments and is not part of the debt structure.)
Hopefully my calcs are close to the actual numbers (math is not my forte) but the general idea makes sense to all but the financiers....can't be bad...for us. _________________ The grand design, reflected in the face of Chaos.
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