Fractional v Transactional Banking
It is amazing how some people still do not understand. Some of the nasty comments we receive typically talk about gold, arguing that gold is money – nothing else – and I am dead wrong for saying that fractional banking is the greatest evil.
Example: “You talk about transitional banking that is wrong, I call BULLSHIT…It is wrong but fractional banking is the thieved of my labor.”
Don’t worry. Move to Europe where there are no new jobs amid massive taxation, all because they think money is a store of value, so AUSTERITY is the name of the game. The banks were just fined $5.7 billion for manipulating markets (WHICH IS TRANSACTIONAL BANKING), yet you still do not understand statistics that show that there is well over $2 trillion parked by banks at the Fed in Excess Reserves, collecting 0.25% because they are NOT lending which is Fractional Banking. All I can say is dream on. Stay in your little bubble and cry about how you are the victim, for you sure as hell will never see the light of day, the problem we face, or the solution.
PS. I do not post this type of nonsense, it is a waste of time for those who actually understand what is really going on. Sorry that you are too blind to see that the banks structure products and resell them. They get away from fractional banking and enjoy quick profits now – why wait 15 years until a loan is finally paid? You live in a world of arguments that are decades old; constantly regurgitated by people who are clueless, for they have ZERO experience in any field but bullshit.
Four Banks Plead Criminally Guilty to Currency Manipulation
Back in 1999, I stood up in court and objected Alan Cohen’s demands for my lawyers to turn over tapes of conversations I recorded to protect me as a journalist when I was writing about the various bank manipulations. I told Judge Richard Owen that those tapes revealed criminal activity by the major banks in market manipulations across the board, dating back to 1999, and had nothing to do with my case.
Judge Owen told my lawyers to over all the tapes or they would be thrown in prison and help on contempt. That action under the law was totally illegal for it was an OBSTRUCTION OF JUSTICE that would land anyone else in prison for 5 years. Instead, Goldman Sachs hired Alan Cohen, awarding him a position on the board while remaining court officer while running Princeton Economics. Cohen never resigned, despite the obvious conflict of interest. I NEVER received any support from anyone in the press for what I was defending. They understand that since the media is on their side they can get away with anything.
Now four of the banks: JPMorgan Chase, Barclays, Citigroup, and RBS have agreed to plead guilty to U.S. criminal charges with fines reaching $5.7 billion. The U.S. Attorney General, Loretta Lynch, said that “almost every day” these firms were manipulating currency rates since 2007 to clip clients on transactions all the time. How could anyone be stupid enough to trade with the major banks? They function solely on Transactional Banking and have abandoned Relationship Banking. You really have to be pretty stupid to think that you will be treated fairly.
Hillary Clinton’s Lucrative Life of Crime
It is very interesting how outside of the U.S. people see Hillary for who she really is What is really interesting is that outside the USA, everyone sees Hillary for what she really is — a greedy politician. Of course, MSNBC would never say a bad word against Hillary for she walks on water. When the law requiring balanced media reporting vanished in 1987, mainstream media gradually moved toward propaganda machines. It was the Fairness Doctrine of the Federal Communications Commission (FCC), originally introduced in 1949. This required the holders of broadcast licenses to present controversial issues of public importance, and to do so in a manner that was, in the Commission’s view, honest, equitable, and balanced. The FCC eliminated the Doctrine in 1987, and in August 2011, the FCC formally removed the language that implemented the Doctrine. That set in motion the propaganda machine of mainstream media. The real goal of this was to prevent investigative reporting since media was no longer required to present the truth. The FCC turned media into one giant propaganda machine.
Outside the USA remains a totally different. Edward Snowden had to go to London to get the word out, for no major American news organization would have protected him. They would have offered him coffee while waiting for the NSA to come get him. I myself chose to go with the European media for the very same reason. No Russian activist would have expected Pravda to protect them either. So what does that say about the American press? The banks paid $5.7 billion in fines for manipulating FX markets. Not to mention the fact that I had all the evidence on bank manipulations back in 1999. Allan Cohen seized that evidence and was granted board membership at Goldman Sachs — yet did not reign from the court. One would think keeping both positions would raise an eyebrow in the New York press. Obviously not if they are bought and paid for.
The Japanese Times has reported “Hillary Clinton’s Lucrative Life of Crime”. This would NEVER appear in the U.S., for the press loves her just because she is a woman. They loved Obama because he was black. They handed him the Noble Peace Prize and then he tore apart everything previous administrations accomplished to create world peace. He has pissed off just about everyone and in Europe, where they call him a “great disappointment”. In the case of Hillary, we indeed know where she stands – in the back pocket of the New York banks.
The fact that the Japanese Times has titled their story “Hillary Clinton’s Lucrative Life of Crime” is indicative of what our model has been warning for 2015.75. This should be the peak in government; what comes after is the battle of all battles — their quest to destroy the democratic process to retain power at all costs. With her adviser being Gary Gensler, formerly of Goldman Sachs, we know what to expect – economic meltdown.
Funding the Movie
QUESTION:
Hi Martin,
I have been a fan of yours for a long time and congratulations on the Forecaster going to the big screen. Although I am just a small fish in a big pond, I am sure that I am not alone among you many readers. Have you thought about letting the throngs of us help pay for the distribution and production by using some of the newer fund raising techniques invented by Silicon Valley? i would be happy to be a small investor and using some grass roots sunding mechanisms would be awesome from my perspective.
Dan
ANSWER:
I will ask tomorrow. All I currently know is that they are raising private funds to cover the cost, and those who contribute will receive a percentage of the revenue. The producer is someone who shares the importance of this issue, which is important to me. There is no point if it is slanted to support the banks.
I do not know the details, as I have not been involved in these films in that way. What I do know is that banks often provide the funding. They obviously would not fund this one. I will try to explore if there is some mechanism. I know they typically do such deals for movies, and people buy in to such projects in London. All I can do is try to find out if there is an opportunity.
Europeans are organizing the production; that much I can say. I believe that name actors will participate in the film for the same reasons. Nothing is better at engaging the public than a fictional film – and just maybe, to push back against the tide.