Friday, April 2, 2010
Saturday, October 18, 2008
Oct 18th 2008 Hello from CanaDUH
I recently visited a site where people were debating the banking system.
As I have studied this phenomenon for a number of years, I feel confident to post a brief statement about how Canadian Chartered banks profit with their fractional reserve system, which presumably is similar, if not identical the world over.
A simple model to explain this phenomenon is as follows.
Depositor A puts $200,000 in the bank. The bank pays 5% interest, for a gross return on investment of $10,000, taxable at 54%, leaving the depositor with apx $205,000 at the end of a year.
The bank takes the $200,000 and leverages it up to 20 times, to invent a pool of $4,000,000 out of thin air, and loans the entire package out at interest. Assuming the bank makes only an average of 10% return on the $4,000,000 invested into mortgages, credit cards, auto loans etc, will produce $400,000 gross profits for the bank.
The banks pay depositor A $10,000 for annual interst, and may also pay investors a dividend, other overheards and wages to staff, which may cost another $10,000, leaving the bank with $380,000 in net profits.
In the worst market declines of the early 1980's, the 4 largest Canadian chartered banks made between 128% - 172% NET PER QUARTER. or A STAGGERING 500% - 700% NET ANNUAL RETURN.
However, because it can with some accuracy be said that the banks and government are one and the same, the $5000 tax generated on the depositors investment, effectively adds to the banks bottom line.
An excellent film to assist anyone interested to learn a great deal more about fractional reserve banking and where currency came from in the ofrst place, is a documentary by William T. Still, called "MONEY MASTERS".
Peter Carson Vancouver CanaDUHcansteel1978@yahoo.ca
I recently visited a site where people were debating the banking system.
As I have studied this phenomenon for a number of years, I feel confident to post a brief statement about how Canadian Chartered banks profit with their fractional reserve system, which presumably is similar, if not identical the world over.
A simple model to explain this phenomenon is as follows.
Depositor A puts $200,000 in the bank. The bank pays 5% interest, for a gross return on investment of $10,000, taxable at 54%, leaving the depositor with apx $205,000 at the end of a year.
The bank takes the $200,000 and leverages it up to 20 times, to invent a pool of $4,000,000 out of thin air, and loans the entire package out at interest. Assuming the bank makes only an average of 10% return on the $4,000,000 invested into mortgages, credit cards, auto loans etc, will produce $400,000 gross profits for the bank.
The banks pay depositor A $10,000 for annual interst, and may also pay investors a dividend, other overheards and wages to staff, which may cost another $10,000, leaving the bank with $380,000 in net profits.
In the worst market declines of the early 1980's, the 4 largest Canadian chartered banks made between 128% - 172% NET PER QUARTER. or A STAGGERING 500% - 700% NET ANNUAL RETURN.
However, because it can with some accuracy be said that the banks and government are one and the same, the $5000 tax generated on the depositors investment, effectively adds to the banks bottom line.
An excellent film to assist anyone interested to learn a great deal more about fractional reserve banking and where currency came from in the ofrst place, is a documentary by William T. Still, called "MONEY MASTERS".
Peter Carson Vancouver CanaDUHcansteel1978@yahoo.ca
Wednesday, October 8, 2008
United States of Assassination
I am afraid my entry into the BLOGosphere scene is a little late.
My understanding of BLOGGING is as a communication tool to reach out into the ozone.
What I see as floating around in the news I read, are greater controls on the minds of millions of minions, just like me. We have our governments lying to us through their pundits and wagging-heads, while we send troops over to mass-murder defenseless people in the name of the fake flag waving, super patriot entities we celebrate as "democracy", when in many people's minds it is the Demagogery of the United States of Assassination", out for another imperialist pop-bottle drive, drag-netting to see what they can dredge-up to consume.
What Super-Patriot Americans call going on vacation, others call "Country Shopping"
Dont get me wrong, I dont throw all Americans in the tree-shredder with the Bush WhiteHouse types.
My first lesson in politics was JFK, then King, Vietnam, Panama, Falklands, all conquored in the name of national security or some other "good cause".
Some interesting documentary films I have seen and distributed on street-corners include :
911 Mysteries
Loose Change 2nd edition
In Plane site
Confronting the Evidence
(and my favorite by Frank Dorrel) What I learned about US Foriegn Policy
Possibley the most informative financial documentary I have seen was created by William T. Still.
Money Masters
More to come.
Peter Carson Vancouver CanaDUH
cansteel1978@yahoo.ca
My understanding of BLOGGING is as a communication tool to reach out into the ozone.
What I see as floating around in the news I read, are greater controls on the minds of millions of minions, just like me. We have our governments lying to us through their pundits and wagging-heads, while we send troops over to mass-murder defenseless people in the name of the fake flag waving, super patriot entities we celebrate as "democracy", when in many people's minds it is the Demagogery of the United States of Assassination", out for another imperialist pop-bottle drive, drag-netting to see what they can dredge-up to consume.
What Super-Patriot Americans call going on vacation, others call "Country Shopping"
Dont get me wrong, I dont throw all Americans in the tree-shredder with the Bush WhiteHouse types.
My first lesson in politics was JFK, then King, Vietnam, Panama, Falklands, all conquored in the name of national security or some other "good cause".
Some interesting documentary films I have seen and distributed on street-corners include :
911 Mysteries
Loose Change 2nd edition
In Plane site
Confronting the Evidence
(and my favorite by Frank Dorrel) What I learned about US Foriegn Policy
Possibley the most informative financial documentary I have seen was created by William T. Still.
Money Masters
More to come.
Peter Carson Vancouver CanaDUH
cansteel1978@yahoo.ca
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