How hard could it be making profits if you have everyone by their balls and set you own profit margins through interest rates?
You just can't make this stuff up!
At a coffee brake today I had a very interesting conversation with some colleagues in the business. I was told the following by a friend whom I will not name for private reasons. He told me this!
- Oliver I have to tell you this is the truth of what happened to my son when he was buying a truck for his business. He had saved 300.000 SEK but needed to borrow 700.000 SEK from the Bank in order to buy this truck he needed for his new business.
I went to Handelsbanken (another Bank) and asked for a loan offer in order to help my son out, they had no objections, but I decided to talk to Swedbank as well since our family have been long customers to that Bank in order to get a offer from them also.
-Swedbank was reluctant from the start and actually gave us 1.5 % higher interest rate then Handelsbanken?? I got furious and asked the manager at Swedbank what the heck he was doing? How could I get a lower rate at a Bank where we had no customer relation?
- The Manager answered that he had to send the loan application to Stockholm and that the credit was sold further down the line!
Did you get this?? The Bank sold the credit you created by signing the loan application in the first place to a third party which means they get double pay for the loan. You pay and the other party pays. Neat right?
Private Banks create money out of thin air by our consent and most people don't know about it and then they brag about their profits? If this was not enough they also speculate (gamble) with bonds, stocks, hedge funds, pension funds etc etc.
So about 96% of all money is electronic and they want to get rid of the 4% actual cash out there in order to eliminate the risk of robbery??? Common!!!! REALLY?
We are robbed blind cause we are taught that this is how the system works but I hate to spoil it.. this is not TRUE.. unfortunately this will not be seen by most until there is an alternative and or their wallets suffer greatly!
I would urge people to see the movie The Big Short it's great and is about the financial crash 2008. The crash was due to lot of things but one prominent factor was the housing bubble and how the Banks re-packaged thousands of loans and thus created new financial instruments they could sell to investors in order to create more profits.
The private FED have been using Quantitative Easings in order to bolster the fraudelent economi but as always that fake money just makes it to Wall Street and not to the average Joe.
Bank of Japan has used QE's for a decade and look how well the Japanese economy is doing. Yes everything is rigged.. just look at the current low crude oilprice per barrel that seems to have little effect on the gas prices????
I really hope this whole global financial charade will be exposed and be done with this year cause I'm sick and tired of it.
Ît's not a question about if it's more about when!
We are the ones we've been waiting for and no I don't buy into the West's bad cop and the East's good cop either. The old guard always plays both sides of the fence but hey they will probably be in for a HUGE surprise!