Showing posts with label best banks. Show all posts
Showing posts with label best banks. Show all posts

Wednesday, February 17, 2016

This is your chance to Save America

A Ford Dealer's Report (Please don't delete this - !)



The problems we face today are there because the people who work for a living are outnumbered by those who vote for a living. This is exactly why Mitt Romney said that 40 -something % of the people are too dependent on the government. They have learned to work the system.


A Ford Dealer's Report From Tom Selkis' (Latham Ford) Facebook - True story at the dealership.



"I'll try to make this as short and to the point as I can. One of my salesmen here had a woman in his office yesterday wanting to lease a brand new Focus. As he was reviewing her credit application with her he noticed she was on social security disability.

He said to her you don't look like you're disabled and unable to work. She said well I'm really not. I could work if I wanted to, but I make more now than I did when I was working and got hurt (non-disabling injury).

She said the gov't sends her $1500.00 a month in 1 check. And she gets $500.00 a month on an EBT card (food stamps), and $800.00a month for rent.

Oh yeah, and 250 minutes free on her phone. That is just south of $2800.00 a month. When she was working, she was taking home about $330.00 per week. Do the math and then ask yourself why should she go back to work.

If you multiply that by millions of people, you start to realize the scope of the problem we face as a country.

Once the socialists have 51% of the population in that same scenario, we are finished.

The question is when do we cross that threshold if we haven't already, and there are not enough people working to pay enough taxes to support the non-working people?

Riots?? Be prepared to protect your homes.

She didn't lease the Focus here because the dealer down the road beat our deal by $10.00/month. Glad to know she is so frugal with her hard earned money."

How passing info onto others in America is having an effect...


PASS THIS ON TO 10

10 pass it on to their 10
100 then pass it on to their 10
1,000 then pass it on to their 10
10,000 then pass it on to their 10
100,000 then pass it on to their 10
1,000,000 then pass it on to their 10
10,000,000 then pass it on to their 10
100,000,000 then pass it on to their 10

Yes, through the power of the Internet America is becoming aware.
So, we realize this doesn't seem like we're doing much when we pass these on to our 10, but we CAN help by getting the word out. Media refuses to cover such issues.

PLEASE PASS THIS ON TO YOUR 10.

Friday, July 10, 2015

ITS FINALLY STARTING...

>>> The first countries to ban Islam: See how the world is
>> acting fast on the threat posed by Islam.
>>>
>>> Cuba rejects plans for
>> first mosque.
>>>
>>> The African nation of Angola has officially become
>> the first country to ban Islam.
>>>
>>> Record number of Muslims
>> deported from Norway at last as a way of fighting crime.
>>>
>>> Japan is
>> the only nation that does not give citizenship to Muslims.
>>>
>>> In
>> Germany alone in the last year there were 81 attacks targeting
>> mosques.
>>>
>>> Austrian police arrested 13 men targeting suspected
>> jihad recruiters.
>>>
>>> A Chinese court sends 22 Muslim Imams to jail
>> for 5 to 16 years for Spreading hatred.
>>> China has executed eight
>> Jihadists; China campaigns against Separatism (ie disallowing
>> islamists to have their own separate state). Muslim prayers banned in
>> government buildings and schools in Xinjiang (Western China).
>>
>>> British
>> Home Secretary prepares to introduce 'Anti-social Behavior Order' for
>> extremists and strip dual nationals of their
>>> Citizenship.
>>>
>> Czech Republic doesn't want Islam in their country.
>>>
>>> Alabama - A
>> new controversial amendment that will ban the recognition of "foreign
>> laws which would include sharia law".
>>>
>>> The Polish Defense League
>> issues a warning to Muslims. 16 States Have All Introduced
>> Legislation to Ban Shariah Law.
>>>
>>> Some Muslims in Northern Ireland
>> have announced plans to leave the Country to avoid anti-Islamic
>> violence.The announcement comes after an attack on Muslims in the
>> city of Belfast, when crazed rioters were provoked.
>>>
>>> North
>> Carolina Bans Islamic "Sharia Law" in the State.
>>>
>>> Dutch MP calls
>> for removal of all mosques in Netherlands.Member of Dutch Parliament:
>> "We want to clean Netherlands of Islam".
>>> Dutch MP Machiel De Graaf
>> spoke on behalf of the Party for Freedom when he said, "All mosques
>> in the Netherlands should be shut down. Without Islam, The Netherlands
>> would be a wonderful country."
>>>
>>> Please share this e-mail if
>> you think it is worth it.
>>>
>>>No virus found in this
>> message.
>>>Checked by AVG - www.avg.com>Version: 2015.0.6037 / Virus Database:
>> 4365/10162 - Release Date: 07/04/15
>>>

Financial Collapse !!!

nftflogo.png
July 1, 2015
Singapore


Yesterday over coffee, a friend of mine leaked the news that JP Morgan’s private banking division here in Singapore is going to start charging negative interest rates.

I almost fell out of my chair.


He’s a successful hedge fund manager and one of their best customers. So when he received the notice, he rang up his private banker and demanded to know why.

Between ridiculously low interest rates (banks are closing loans here for 0.9% or lower) and the increasing costs of compliance, “we can’t make money anymore...” was the response.


It certainly paints a clear picture of how screwed up the entire financial system is.

Compliance is a major component in this. Bankers around the world are buried up to their eyeballs in paperwork and regulations now.


They can’t make a move or approve a single transaction without first doing anti-money laundering, terrorist financing, and tax evasion due diligence.


Imagine it like this: your banker rings you up tomorrow and says, “The government of China requires us to have all of our depositors fill out this paperwork. So I need you to send this form back to me ASAP…”


You’d probably think it was a joke.



Or at a minimum think, “Wait, what? I’m not Chinese. You’re not a Chinese bank. Who cares about some stupid Chinese regulation?”



And you’d be right.



Except that’s precisely what the United States is doing right now.



All over the world, bankers are contacting their customers and forcing them to fill out paperwork to comply with idiotic US government regulations. Even when there’s no connection to the US.


Here in Singapore, the bankers are completely miserable about it.



They’re so angry for having to call customers and say, “Yes I know you’re in India, and I know we’re in Singapore, and I know you’ve been a customer for 10 years. But you still have to fill out this US government form or else we’ll close your account.”



It’s ridiculous-- all of this because the US government is bankrupt.



A few years ago they passed the Foreign Account Tax Compliance Act (FATCA)-- a major part of their crusade to stamp out tax evasion and bring in more tax revenue.

FATCA is now in full force. Banks all over the world have been forced to enter into information sharing agreements with the IRS, meaning that they have to report on all of their customers and force them to fill out meaningless forms.



Needless to say, this costs a lot of money.



If you own a business, you can just imagine how frustrating and expensive it would be to have your employees toil away on senseless paperwork instead of... you know, doing real business.



The US government tells us that all of these disclosure programs have brought in about $6.5 billion in tax revenue.



Yet the costs of compliance are estimated to cost at least $8 billion, with some estimates over 10x higher.



Now that’s a neat trick. Uncle Sam gets the money and passes off the costs to everyone else.



And those who don’t comply with America’s rules are destroyed.



The most blatant example of this was last year, when a French bank was fined $9 billion for doing business with countries that Uncle Sam didn’t like.



Bear in mind, this was a French bank, not an American bank.



They violated no French laws. Yet they had to pay the US government $9 billion for doing business with places like Cuba.



(Ironically, Cuba is now BFFs with the United States, but it’s not like the bank is going to get a refund.)



More recently, the US government destroyed an Andorran bank that was accused of weak anti-money laundering controls.



And a few years ago they took down the oldest private bank in Switzerland.

Every bank in the world has seen these incidents, and they’re scared. They could be next.



And that’s why you can’t get a single financial transaction done anymore without first submitting a mountain of paperwork to prove that you’re not a terrorist. Or financing terrorists. Or laundering money. Or doing business with the Axis of Evil.



Even outside of banking it has become utterly ridiculous.



A friend of mine here runs one of the largest bullion depositories in Singapore; he wanted to buy some raw gold and have it made into bars, so he contacted a refiner.



The refiner said, “Sure no problem. I just need you to send us some compliance documentation before we get started.”



Then he sent a list of no fewer than 22 items that he needed to submit-- copies of licenses, passports, certificates, etc.



22 items. Just to have a refiner make some gold bars. Ridiculous.



So obviously they’re not going to waste their time. Which means there’s some business that could have been done, but won’t, simply because of the compliance costs.



The US government has really screwed the world on this. Paperwork is the priority. Not business.



And all because America is bankrupt.



This trip to Singapore has been very eye-opening for me as I’m just now starting to understand how much people within the financial system despise the US government.



They feel like they’re being forced at gunpoint to be volunteer spies and tax collectors, simply because US politicians have been financially irresponsible.



And to me, it’s the biggest sign yet that America’s financial dominance is coming to an end. They’ve essentially engineered it themselves by alienating the whole world.



The transition isn’t going to be smooth. And it won’t happen overnight. But there will come a time, and likely soon, when the United States gets displaced.



And the rest of the world can hardly wait.


Until tomorrow, 
Signature 
Simon Black 
Founder, SovereignMan.com
 
 
"Like slavery and apartheid, poverty is not natural. It is man-made 
and it can be overcome and eradicated by the actions of human beings."


                                                                                             - Nelson Mandela 
 

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