There are countless reasons why you shouldn’t trust those big name banks such as HSBC, Barclays, RBS, Bank of America and JP Morgan Chase – but for now the following is a shortlist of the 8 main reasons and facts why you should take your money out of the following banks, either turn that liquid cash into something tangible like Gold, or an asset like a house or a car…
#1. Many of these Major or Big Name Banks are Under Investigation of Being Corrupt
Many of the major banks across the globe have had their ratings significantly downgraded – whether it is because of the public’s distrust of putting their money into an unstable system that is collapsing around us (Euro crisis, credit uncertainty and fiat money systems), or their discontent with the countless fees, service charges, interest rate, loan interest, taxes and penalties that provide obstacles in getting access to their own hard earned money. http://citywire.co.uk/new-model-adviser/barclays-lloyds-rbs-and-hsbc-hit-with-downgrades/a598357. Also Barclays Bank has been fined 290 Million GBP for loan rate manipulation (Libor fixing) and insider fixing of borrowing rates between them and other major banks that they deal with, many emails have been exposed that show the exchange and extent of the manipulation. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9360580/Barclays-hit-with-290m-fine-over-Libor-fixing.html and http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9360461/RBS-and-Lloyds-also-face-Libor-inquiry.html
#2. Pension Schemes, RSPs or Long-Term Saving Accounts Lock Your Money Up
One of the biggest scams of all in the banking industry is for the working professional to lock their hard earned money up in a long-term saving, pension scheme or RSP plan for 30+ years so that it cannot be accessed until they are much older and in their late 50s. What is the point in not having access to your hard earned money when you really need it in your mid 30s for that family car purchase, that overdue holiday that you have been saving for or that investment property deal that you missed out on? Instead while your money is in lock down by your RSP, pension or savings account, you can rest assured that the banking executive or financial corporation leader is using your money on your behalf for his new Lexus, mansion or yacht. You would be better off taking that money to the local casino or placing a wager on the football match to see if you could multiple your cold hard cash into something that is tangible and not in control by the banking system. At the end of the day, with your money in these banks, its all just a sequence of numbers on a digital screen that says you have $10,000 in your account or 20,000 GBP.
#3. The Financial and Investment Banking Industry is Crumbling Around Us
First it was Lehman Brothers back in 2008, AIG, Goldman Sachs and JP Morgan feeling the heat of the global economy crisis in 2010-2012. Soon the big name banks will all be on the same chopping block – HSBC, Barclays, Lloyds, Bank of America, Citibank, Santander and many more. Just look at how many CEOs, Financial Executives and General Managers have been forced to resign over the past few months, and some may soon be arrested in the mass arrests of the Elite corruption that is being unveiled in all aspects of society and humanity. 611 resignations in the banking industry – http://americankabuki.blogspot.co.uk/p/131-resignations-from-world-banks.html. Also the most recent story of the biggest cyber bank robbery in history that took place in Europe with 60 million Euro being stolen. http://news.sky.com/story/952931/fraud-ring-in-hacking-attack-on-60-banks
#4. Even Bruce Springsteen calls Bankers “greedy thieves”
Something is terribly wrong if the King of Rock Bruce Springsteen is calling bankers “greedy thieves” and “robber barons”, at a time when much of the free world is in a global recession due to the economic downturn, depression and desperate times – this reference could not be more appropriate than at his latest concert tour in Berlin. He then introduced “Jack of All Trades”, a withering attack on bankers that includes the lyrics:
“The banker man grows fat, working man grows thin.”
In “Shackled and Drawn”, Springsteen sings about
“Gambling man rolls the dice, working man pays the bill. It’s still fat and easy up on banker’s hill. Up on banker’s hill the party’s going strong, down here below we’re shackled and drawn.”
#5. The Economic System of 1913 is Flawed
The economic system that was put together in 1913 that introduced tax, inflation, interest rates and all that is seriously flawed. How is it that money can be printed every year and put into “circulation” yet the average Joe doesn’t see a penny of it? How is that inflation has gone up exponentially in 40 years and nobody questions the false scarcity of fresh produce, air, water and oil/gas? A loaf of bread would cost 30 cents back in 1960, yet 50 years later a loaf of bread can cost an average of $2.50. Just like a gallon of petrol/fuel would cost 31 cents back in 1962, where as now it costs $3.60!
#6. Paper Money Magically Appears Year after Year but Where Does it Go?
More to Come…Watch this Space
#7. Global Debt is a Fictitious Lie!
Take a look at the graphical representation of the global debt crisis across the different regions of the world. http://demonocracy.info/infographics/usa/world_debt/world_debt.html
#8. The Truth about Credit Default Swaps
The five big banks draft up plans for going out of business.
FEAR NOT, TIMES ARE CHANGING, as people begin to awaken to the truth of the biggest Financial Tyranny that has occurred over centuries with 90% of mankind being enslaved to a system that controls us, limits our infinite boundaries and has us trying to survive instead of thriving – soon abundance will be returned to us. Take a look at the 13 Families that Own and Control Everything.