Recently I made a post about things I believe are wrong with how society works. These are things which can be changed and have opinion trickle up instead of trickle down. In most cases of what is wrong opinion trickles down while profits trickle up. Opinion is restricted by options provided. Choose one or the other. Is that really a freedom of choice? Choose a side!

Included in the things wrong in society I included banks. Banks or large financial institutions such as the I.M.F. International Monetary Fund are not there to give any benefit to anyone but the expansion of their profitability. These type of business are not there to help anyone, they are there strictly to increase the wealth they possess.

Banks

Why are these financial entities permitted to operate outside of the law. Governments all around the world permit them to take illegal actions without consequence. This can be seen in the last financial crash. The increased price of housing caused by the amount of bad loans given, while knowing a person will be unable to meet those payments as soon as they hit hard times. The bundling and trading of these bad loans to investors.

• Finance
  • Financial crimes and evasion of tax. This rampant abuse with all banks to perform transactions outside of the region they operate in. A large purchase or loan can be done external to region the bank operates in. This is done through funnelling the finance through a tax free haven account. These transaction are performed in a country for industry in that country and yet the evasion of tax is permitted for these massive sums of finance. The bank will get its fee's the industry will get their purchase and no will will pay a tax. This is very similar to two of us, travelling to an alternative country. Making a deal and completing a transaction, returning home and not paying any tax on the profits made from the selling of a property.
    • This is very similar to two of us, travelling to an alternative country. Making a deal and completing a transaction, returning home and not paying any tax on the profits made from the selling of a property. Tax evasion would be the first thing we would be hit with.

• Profiteering
  • The ability of a bank to remain free while taking part in illegal processes evades me. Generating excessive profits while dealing with the wealth of criminal activity. When found out, nothing happens. The bank will blame a branch the branch may receive a fine. This is generally 10% of what they have made in profit. Billions made over a decade receive a fine of a few million. Seems like encouragement not to get caught. Or at least not till you cover the fines you will receive.
    • If this was done by you or I. Fines and jail terms would not be far behind.

• Manipulation
  • Manipulation, I think it goes as far as manipulation of government. Government needs money and the banks provide it. The lowering on interests to attract people to borrow, later gets hit with an interest rise leaving people unable to pay. Through so called procedure and working with you to resolve this matter. Any solution provided by the bank results in additional costs to you. The choices we have are work all week and pay rent that more than covers the mortgage cost or gain a mortgage ourselves.
    • More often, over priced housing which will take some years to reach its actual value.
    • In most cases the need for the use of a bank is considered a necessity. Your weekly or monthly income is paid into a bank for security reasons. It carries too much risk to hold that cash on hand. You get a charge for a this deposit. Each time you make a withdrawal you pay another charge. Your account will also receive a maintenance charge. This is a double tax on your finances. Each transaction you make pays for the maintenance of the account.

• Inside Trading
  • This is not the trading we generally think of. Tough I do suspect that banks pull resources as soon as they feel a downturn to their profits will occur.
  • The inside trading of banks is loans from bank to bank. Each time the banks loan each other finance, it permits them to add a higher level of finance to their books.
    • Let's examine this. You have 10 dollar and I have 10 dollar. If I give you 10 dollar, to my mind you have 20 and you can loan me 20. In the case of a bank, this means the bank can lend out 180. where does the extra 160 come from.

• Housing

  • We see this in general terms as making a purchase from an individual. The truth is we purchase from the bank if we get a loan and the purchase itself is just that a loan until we repay the full amount plus an annual interest which has little to no effect on the loan for the first 10 - 15 years. The builder gets a loan to build the houses. Then you get a loan to pay for the house. Private control like this over a global finance is corrupt and a standard of enslavement of a free people.
    • There is no existing finance for these loans, the financed amount is created from the banking system from thin air. No production cost to this paper money, no liability from the bank. How much you repay from this loan is not taken to consideration, if a time comes where the loan falls to default.

• Bribery

  • How much do banks payout to have their privilege of holding the rest of us to the financial laws they create. To various governments with so called donations to their campaign. The threat of withdrawal of finances held over governing bodies to comply with the will of an entity, while having no regard for those of whom it is designed originally to represent. These financial giants serve no purpose but to expand the reach their wealth can control.
    • These bribes are made to a few individuals who in turn will hold sway to a vote. The selected few and the banking system will both benefit. The cost will go to the general population.
    • How many times have we heard that a large company failed in some way to repay their loan. The properties of these companies are not ceased, more often a further loan is granted to company. While a missed payment on your loan will get you constant calls to catch up on this amount. Increased payment and possible interest increases can be incurred reducing the finance you have available each week. This only increases the risk of you defaulting again. Something the banks count on. Your home is ceased and sold to gain the value still owed to the bank.

All of these things could do with looking deeper into them. I think they are things which we have all witnessed in recent years or know someone who has. This opens the door for Crypto loans, which could be done through a intermediary token.

Where all this is purely my opinion of observation. I fail to see the benefits of banks unless you have the finance to evade the law. Extremely large loans that go to default are dismissed, while home owners carry the burden. Each loan that is made with the illegal manufacturing of finance continues to grow the wealth of private individuals. This is evident with banks like Bank of America which is not an American bank but privately owned.

I am sure there are people out there maybe some reading this that can share some other insights into the corruption and abuse performed by banks around the world.

We all agree we need change, we all differ on where the change should start and how it can be done. Finance is the key here, the finance to start something, unless we can come together and work for a better stability for the future we are doomed to be held and born into financial slavery.

Kris Kristofferson sang

"Freedoms just another word for nothing left to lose,
Freedom ain't worth nothing but its free"

In every essence this is true. We are not born free, our freedom of choice is limited by the finance available to us. There is no standard of life agreed across a nation of the world. With all the technological advances, with all the extra money there is in the world. Why is there so much need for charities and assistance? The answer is simple, those with the finance will not share for the benefit of another. This leaves you to support those area's that are neglected by those who take control over our nations.