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michael

User Profile Image michael
Member since : Jun-03-2009 (Verified)
0 Ideas, 1 Comments, 45 Votes

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michael 9 months ago
Federal Reserve attitude is growing, who got stimulated.
Grass roots results of the Stimulus plan. Be obedient or else? I admit I am not the sharpest tool in the shed but....
At the gas station, $10 in the tank. Cashier says the card machine is broken. I use the ATM, $2 fee.
My cell phone is ringing.
Oops, now my $177 check to Vectren Energy for the gas bill bounces. I get a $30 nsf bank fee. I have $280 security deposit with Vectren, but they shut off the gas anyway.
I answer the cell phone. ATT Cingular is calling, they tell me that I have too much cash reserve in my pre-paid phone account and if they charge my $19 monthly fee it will go over the $250 maximum and they will turn off the phone and keep the $250. They did shut off the phone and they did take my $250!
I walk into Chase bank to cash a check that my friend, who has had an account with them for many years, wrote me for $100. The teller says I must pay a $6 fee to get the $94. I say OK can I get a receipt? No, we don't have to give you a receipt. So I guess the banks don't have to report that income.
If a company you are doing business with is friendly with your bank they use the Credit process to get funds your bank account, if you don't have enough in the account that bank gets $30 NSF (gotcha) fee plus daily fees until you get caught up. If the company you are doing business with uses the Debit process and you don't have the money in the account. The company doesn't get paid, the bank gets no NSF fee and the company just doesn't give you the product or service. Banks collect millions daily from the Gotcha process. So, using the Credit process if you are sick, poor, hungry, dumb, savant, broke or just not good at managing your money and you charge $1 the bank gets $30+.
On and on, have we all become lazy, incompetent or just plain predatorial? Those are four examples of how we now treat each other as a result of the fundamental breakdown and abuse of our banking system. It is a private entity and has turned our government into an institution instead of a government.
The future.
I am looking for some extra income. Wow Donald Trump has bought a company called Ideal Health. And we all love Donald Trump. Woo hoo I am excited, a new job? Listening to the company (Ideal Health) doctor on the phone last night he tells us, as a result of cost constraints, that they are using GMO foods, (Genetically Modified Organisms). OK that’s Ideal. Knowing that Monsanto, the pesticide company has 11,000 patents on GMO's, and they must be great because they sued the Country of Germany last month to force them to use GMO seed for their crops. I presume that they are also our new partner. Woo hoo, gonna get rich now.
Then I think about Grandpa, who had to go the bank, the mortgage holder on his small farm, and be told what to grow in his fields. Because the bank owns all the corporate farms around him and they get millions of dollars in tax and financial subsidies every year based on what they grow. Grandpa got none. Grandpa died broke. God bless you grandpa we know you all did your best.
If you think the lack of or loss of social responsibility in the Federal Reserve banking system towards our own people has nothing to do with hundreds of millions of people around the world fearing our federal banking backed war machine you better think again.
Folks we better do something! And we better do it fast. Because our Democracy is being threatened. Taking Back the Power to Create Money from the Private Banking Industry will be a monumental but necessary advancement for our society that will give the citizens of our nation the fairness they deserve, put justice and regulation back in the hands of the people and help preserve our democracy.
Our children and the world are counting on us.
Michael B