Today, banks enjoy the benefits of misleading the public who honestly believe that they are being loaned money in the ordinary sense of the word. The customer simply has no idea that he/she is actively participating in a form of financial cannibalism: her own pension fund, or insurance policy,or even funds from her local municipality are being secretly re-invested back into her own debt. While the customer makes huge behind-the-scenes profits for banks and secret third parties, heaven forbid she should fall behind on a payment. It is a conspiracy of silence and perhaps the New Economic Rights Alliance, a 140,000 strong non-profit organisation set up specifically to bring transparency to banking, can bring about change. Since the 2008 credit crisis, the usually stalwart banking system has come under close scrutiny. LIBOR has claimed the scalps of the most senior banking executives and there have been recent bank related insurance scandals across the board. And now, hot off the press, this alarming question is being raised across the globe: “where is our gold?” A good place to start your investigation into the murky secrets of money and banking is with your own credit agreements. Strange as this may sound, it is very likely that your bank does not own or control these agreements and has, in fact, already been paid out and profited from them. A complicated derivative structure has been set up called securitisation where bundles of loans are sold off to multiple third parties awakenlongford.wordpress/2012/11/16/securitisation-a-conspiracy-of-silence/
Posted on: Fri, 09 Aug 2013 23:50:47 +0000
Trending Topics
Recently Viewed Topics
© 2015