I Hate Banks. Do You?

I was once charged 30 pounds by my bank (almost $60) for being 3p (6c) short in my account. :(

So I just had to share with you an actual letter sent to a UK bank that was published in a major UK newspaper recently.

Bank charges

“Dear Sir,

I am writing to thank you for bouncing my cheque with which I endeavored to pay my plumber last month. By my calculations some three nanoseconds must have elapsed between his presenting the cheque and the arrival in my account of the funds needed to honor it. I refer, of course, to the automatic monthly deposit of my entire salary, an arrangement which, I admit, has only been in place for eight years.

You are to be commended for seizing that brief window of opportunity, and also for debiting my account £50 by way of penalty for the inconvenience I caused to your bank. My thankfulness springs from the manner in which this incident has caused me to rethink my errant financial ways.

You have set me on the path of fiscal righteousness. No more will our relationship be blighted by these unpleasant incidents, for I am restructuring my affairs in 2003, taking as my model the procedures, attitudes and conduct of your very bank. I can think of no greater compliment and I know you will be excited and proud to hear it. To this end, please be advised about the following changes:

I have noticed that whereas I personally attend to your telephone calls and letters, when I try to contact you, I am confronted by the impersonal, ever-changing, pre-recorded, faceless entity which your bank has become. From now on I, like you, choose only to deal with a flesh-and-blood person.

My mortgage and loan repayments will, therefore and hereafter, no longer be automatic, but will arrive at your bank, by cheque, addressed personally and confidentially to an employee at your branch whom you must nominate. You will be aware that it is an offence under the Postal Act for any other person to open such an envelope. Please find attached an Application Contact Status which I require your chosen employee to complete. I am sorry it runs to eight pages, but in order that I know as much about him or her as your bank knows about me, there is no alternative. Please note that all copies of his or her medical history must be countersigned by a Notary Public, and the mandatory details of his/her financial situation (income, debts, assets and liabilities) must be accompanied by documented proof. In due course, I will issue your employee with a PIN number which he/she must quote in dealings with me. I regret that it cannot be shorter than 28 digits but, again, I have modelled it on the number of button presses required to access my account balance on your phone bank service.

As they say, imitation is the sincerest form of flattery. Let me level the playing field even further by introducing you to my new telephone system, which you will notice, is very much like yours. My authorized contact at your bank, the only person with whom I will have any dealings, may call me at any time and will be answered by an automated voice service:

Press buttons as follows:

1. To make an appointment to see me.

2. To query a missing payment.

3. To transfer the call to my living room in case I am there.

4. To transfer the call to my bedroom in case I am sleeping.

5. To transfer the call to my toilet in case I am attending to nature.

6. To transfer the call to my mobile phone if I am not at home.

7. To leave a message on my computer, a password to access my computer is required. Password will be communicated at a later date to the authorized contact.

8. To return to the main menu and to listen to options 1 through 9.

9. To make a general complaint or inquiry. The contact will then be put you on hold, pending the attention of my automated answering service. While this may on occasion involve a lengthy wait, uplifting music will play for the duration of the call. This month I’ve chosen a refrain from “The Best of Woodie Guthrie: Oh, the banks are made of marble, With a guard at every door, And the vaults are filled with silver, That the miners sweated for.”

On a more serious note, we come to the matter of cost. As your bank has often pointed out, the ongoing drive for greater efficiency comes at a cost which you have always been quick to pass on to me. Let me repay your kindness by passing some costs back. First, there is a matter of advertising material you send me. This I will read for a fee of £20 per page. Inquiries from the authorized contact will be billed at £5 per minute of my time spent in response. Any debits to my account, as, for example, in the matter of the penalty for the dishonoured cheque, will be passed back to you. My new phone service runs at 75p a minute. You will be well advised to keep your inquiries brief and to the point. Regrettably, but again following your example, I must also levy an establishment fee to cover the setting up of this new arrangement.

May wish you a happy, if ever-so-slightly less prosperous, New Year!

Your Humble Client,

(Name Withheld) “

  • http://www.greenpete.co.uk Peter Green

    Priceless!
    We want to read the banks response! Please, please please!!!
    Oh, and as I understand it, the bank cannot make a charge like this, they can only (by law) charge the ammount that it would reasonably cost them to deal with the problem, So a fiver maybe?
    I say appeal if they push for the dosh!

    Peter

    Current score: 0
  • Daniel

    Hells yeah!
    About time someone did that. I have been sucking wind getting hit with $30 fees from my US bank for every time that I spend over my account (even if its less than $30). I am usually depositing money into my account to pay someone elses bills it seems.

    Current score: 0
  • http://www.pricesave.net Ben

    Stupid banks with stupid charges.
    They never show the charges and fees on a banner, and if they do its all in the small print.

    Current score: 0
  • Renegade Republic

    I Think there comes a time where persons of a like experiences should unite in a universal effort to make change for the things that they don’t like. Banks, credit card companies, and many financial institutions are out to squeeze as much money out of you as they can. A lot of them operate under deceptive policies and terms. These are worded so, that you will have to assume what the meaning is. Remember deception always has something to hide. And what is hidden is how these companies make millions off of your inconveniences and mishapps.

    The said part about it is that we allow them to do it. Banks and credit card companies steal money from us everyday. And our position not to take action against them allows them to continue to do these things over and over again. I like the fact how you guys have come together on this site to share your experiences. But I think you guys should go further. I think that you guys should find a bank or credit card company that will allow you to do exactly what you want to do. And patron them collectively as a whole. Then I would cancel or close my account with the other bank or cc company.

    And to further this collectively you all should write a letter to the bank or cc company with all of your names on it and state that you all have closed your accounts and have chosen to do business with another institution because of these reasons. I would close the letter stating that we are also going to publish in our local newspapers across the country an article about our experience with your company and our decision to close our accounts with your company and also encourage others to do the same if they have had the same experiences.

    When companies realize that we the people will not give up our power and will stand against them collectively as non-patrons then they will get the message that they have to change. They don’t want the bad press. They spend millions of dollars to convince the public that they’re a very good company and they dupe millions of people to do business with them. Which in return gives them a million chances to rob cheat and still from that customer base. Did you guys know that you may be charged an NSF fee when you have the funds in your account to cover the charges due to policy and date posting even with cash. So the bank may not have covered your transaction with their own money, but they will charge you a fee as if they did due to the wording of their terms and policies. So you are paying for your own transaction with your own money but the bank is charging you a fee as if you did not pay for your own transaction with your own money due to how the date the day your money is posted. Stealing!!! That is all that is! There are many little things like this that allow them to steal millions from us.

    Don’t get me wrong people NSF fees are legit when you don’t have the money in the account. However that is not always the case when you are charged them. And the banks are so deceptive that they will rearrange transactions on your statements or even the bank printouts to make it look as if you are insufficient even though your really are not. Most major banks do this and people except it as gospel when it is anything but.

    Smaller institutions are almost in all cases are easier to work with. I encourage all of you who have alike experiences to unite and fight together. A great and wise man that once fought against a great injustice said ” . . . What affects one person directly, affects everyone indirectly.”

    Current score: 0
  • Nolan Cathey

    I couldn’t agree more with everyone. I just got a 93.00 overdraft fee for something that was pending(not even posted yet) because my paycheck was pending as well. if that makes no sense to you, don’t feel bad i still can’t figure it out, i went 6 dollars over my account according to them and that cost me 93 dollars.

    They say you need a bank to keep your money safe, but all they do is take it from me and act like they own it. so i can’t eat for 3 days because apparently the billion dollar bank has to have that money. they suck

    Current score: 0
  • neel kashkari

    I hate banks

    Current score: 0
  • http://bankinggoddess.com The Goddess

    I have worked in banking for over 20 years and I have seen people get screwed over. I have never worked for BOA but they are all pretty much the same.

    Over the years I saw a lot of the same thing. We bankers talked our own language and we made a bunch of RULES that you didn’t understand. Oh, we gave you a booklet or papers with the RULES so our asses were covered but we didn’t or couldn’t help you understand the RULES. And if you had a ChexSystems record, we had to kick you to the curb.

    I made a website that was not totally boring and would help people understand banking. I also found a great company that gives a Visa debit card account and does not use ChexSystems.

    Please check out my site at bankinggoddess.com.

    Current score: 0
  • J Graham

    Do what I do. Any postage paid envelope I get from these bastards, I stuff their trash in in them and mail them back at their cost

    Current score: 0
  • Richard Stone

    I was dumb enough to go into some money on my overdraft, big mistake. I feel like I am paying extortion. When I complained to the bank and told them their fees seemed awful high, the answer I got was that they were in line with the rest of the banks as far as the interest fee goes. I guess they are all screwing us.

    Current score: 0
  • Bankhater

    I deposited $500 with key bank on a friday (cash). They held it till Tuesday but on Monday my house payment and a $10 check bounced. According to my online statement the $500 was posted on Saturday and the account balance never fell below $10. The person at the bank politely told to go f*&k myself while being terrified I was going to strangle her from across the desk (which I really wanted to). They reversed 1 chrge but not the other. I am now switching to a credit union and will never do business with a banks. I’m also going to re-fi my house throu the CU.

    Current score: 0
  • bromac

    Well, what i see here is people whining about little fees and injustices from the banks while ignoring the incredible damage they have done to humanity in general over the past 1000 years or so. Renegade Republic has the right idea here and i found this on the net and it provides a solution. If we could finish them for good, the world would indeed be a very happy, peaceful, wonderful and prosperous place, so please, copy and paste this into an email and forward it to everyone on your list and beg them to do the same. The guy is right about everything he says and this would work.

    ____________________________________

    THE NEW AMERICAN REVOLUTION – INDEPENDENCE DAY – JANUARY 1, 2010

    INTRODUCTION:

    We have reached a point in the history of our Great Nation, where the American people have had enough of the collusion between America’s banking system and the politicians whom they have put into power. The purpose of this has been the enslavement of our entire population for the purpose of satisfying the greed and lust for power of a few families who own and control our banking system. This has resulted in the current economic crisis, which has managed to permanently kill off the last remaining prosperity which still existed in this country, with no hope of it ever being restored. The Bank and corporate bailouts being practiced by both our Republican and Democratic parties, have been totally ineffective in restoring the current economic system, only leaving more money and power in the hands of the banks, who engineered this crisis in the first place, at the taxpayer’s expense. These will leave the next generation with a mountain of debt and taxation that they will never overcome, thereby forcing them into giving up our Constitution and any and all political and economic freedom in order to be able to eat. At this point the United States of America will cease to exist, and become like every other miserable place on this planet where this has already happened. This is of course the ultimate objective of the current economic system, which can only result in absolute power for the banks and the politicians they manipulate into supporting them, at the expense of the freedom and prosperity of everyone else.

    America’s coffin is in the process of being nailed shut, it’s population is livid with rage over what’s being done to them, and feel helpless to do anything about it. At this point many are cutting into their food budgets to buy up every firearm and round of ammunition as fast as it can be manufactured, and before the current “Political Regime” can outlaw same, in order to give them the capability to resist what they deem to be inevitable.

    The first problem is that although it seems a massive proportion of the population, are doing the one thing they can as individuals in order to try and secure their continued political freedom, with the only means still available. Short of actually using that means, nothing is currently being done to try and organize the population to act collectively for their own economic benefit, and eliminate the root cause of both our current economic disaster and the threat to our political freedoms, which are one and the same. The second problem is, that although the majority of the population seems aware of a very real and substantial threat to our continued freedom and existence, most are still substantially unaware of the exact nature and source of the threat. Through manipulation of our media and political system, the culprits have made sure they would remain unaware of this, and few are actually willing to take the time and effort in order to study the matter, and determine the cause and possible solutions on their own. If they did, they would all reach the same conclusions, which are shared by those of us who have, and which I will be outlining here. When the will to act is there, it still takes one person, in order to propose a means of action in order to get things started, and that is the purpose of this endeavor. Whether it will be effective or not in eliminating the threat and the problem, will all depend on how effectively those receiving this information distribute it among others. If this is sufficient, then on whether or not all in receipt of it will act collectively in order to accomplish the solution, so it is up to all of you to do something about it.

    I will attempt to give those reading this some of my thoughts, which are shared by a great many who’s concerns are the freedom and prosperity of the American people. I will try to present them in terms that should be simple enough for most people to understand, and I will propose some solutions which anyone and everyone can act upon, which in my estimation have a very good chance of re-establishing and permanently securing, great freedom and prosperity for every generation to come, just as was the wish of this nations founding fathers.

    If you love the United States of America, and wish to maintain the principles of individual freedom and justice on which it is established, then you owe it to yourself and everyone else in America to take the time to read this, and give it some long and careful thought. If after having done so, you find that you agree, then you must act on it, not only for your own benefit, but for the benefit and survival of the entire nation. To act will entail a very small amount of risk on the part of each individual doing so, but nothing compared to those taken by the great men who fought and died to establish the freedom we have enjoyed in this country for the past couple of hundred years, nor those who have fought and died to maintain it ever since. If you don’t agree with the solutions I’m proposing and see alternate ones that you think might work, then propose them as I am doing here, but if you love America, and if you Love freedom, then do something !. If you don’t, then you cannot love America and you don’t belong here, as the situation has gone way beyond where it can be simply left alone in the hope that it will resolve itself on it’s own, and every thinking person in America knows this as well.

    THE PROBLEM:

    I think what we need to understand here, is that money, whether gold, silver, paper or credit, is not real. It is a simple means of exchange, which is attributed value and allows a diverse range of people to trade with each other for their mutual benefit. What is also being forgotten, is that America’s first money had no intrinsic value, was not even an officially sanctioned form or currency. It was simply script, printed by the colonial governments at the time, and distributed among and for the benefit of the people in order to allow them to trade with each other. The money was free, and produced on behalf of and by the people themselves for their mutual benefit. The end result of this was that the 13 colonies had the highest standard of living of any place in the world, and many times that of the mother country, for the simple reason that enough was put into circulation to pay for everything that the people could produce. Then when the British Banks found out about this, got King George to outlaw the colonial script, and replace it with the British Pound, this changed to 75 % unemployment overnight. This is something they’ve managed to keep out of most of the common history books, but anyone even vaguely familiar with American history is aware of this, and it was this, and not a tax on tea which was the primary cause of the American Revolution as well. This is as it should be, as currency in any form is a public asset, which is used by and benefits the entire population. To put any form of control over this currency into anything but public hands is a recipe for disaster, and keeping it in public hands is the only possible way to ensure a free economy and maintain a truly free enterprise system, as this is the only possible way to prevent the currency from buying power. Power and freedom are opposites and cannot exist in the same space, one will always exist at the expense of the other, and in order to establish one the other must always be eliminated.

    To break this down into simple terms, today’s economy in America and the rest of the world exists to serve the interests of the banks. They have been given control of our currency and credit by corrupt politicians from both major parties, have managed to assassinate the two presidents we have had who would have taken away their power to control same (no proof of this that would stand up in court obviously, but its a simple thing to figure out who stood to gain from their assassinations). Then through party manipulation and media control, they prevented the single and only candidate in the last presidential election, Dr. Ron Paul, who was not owing his political career to them, from having any chance at all in the election. The media control was to the extent where the majority of the population were not even aware he was running, and I expect that this is the first time that many receiving this have even heard of him. He was coming in with more than twice the popular support of any of the other candidates in the initial straw poles, and would have won the presidential election with a landslide if his party had given him a chance to run. The Republican party was well aware of this, but they were told by the banks that they were going to throw the election rather than let him run and they did just that . He was what the people wanted instead of the bad choices they were given by the banks, but the banks didn’t let us have him.

    Since the banks exist as parasites, and contribute absolutely nothing of any tangible value to any of us, the only way they can maintain their existence is by establishing political power which must eventually lead to socialism as they must remove any and all freedom or any means that the people might have to get rid of them, and make them poor and dependent on the state, before they figure out that they would be better off without them and do so. The end result of our current economic system can accomplish nothing but this if its allowed to continue.

    Since the greatest part of our national budget is going toward paying interest on the deficit, and since most people in this country are by now working over 3 weeks out of each month in order to pay interest on their mortgages and other credit, we have already become virtual slaves to them and once they remove our political freedom as well there will be absolutely nothing left. As an immigrant to this country, I’ve seen this happen already where i came from, they are following the blueprint to the letter, and if something isn’t done it will happen here, and soon. When it does, America will cease to exist and become like all the other miserable places in the world, where the purpose of the individual is to serve the state (hence the banks), instead of the state existing (at least in theory) to serve the individuals comprising it.

    The bottom line is that interest in private hands is a terribly insidious thing and can only accomplish one thing as well. In order to sustain and grow an economy, you need to keep some form of currency in circulation in order to pay for what it can produce, and provide progressively more currency in order to sustain the growth of the economy as it takes place, instead of removing it incrementally in interest. As long as banks are allowed to exist and maintain control of that currency and / or it’s distribution, even if their interest rate is only 1 or 2 %, if they are allowed to keep it and cannot somehow be forced to put it back into circulation as soon as they get it, over 50 or 100 years they will have it all again, and then were right back to the same problem we have now. This is so simple and obvious that any six year old child who would think about the matter would figure it out in an instant. What shocks me is that the general public hasn’t done so yet. The reason is that they just don’t think, and instead just accept and believe the politically correct bullshit established by those who are perpetrating the scam on them, thus becoming the victims of their own stupidity and ignorance. This would actually become an even greater threat with a hard gold or silver based currency as some have been proposing. Until the last few years, the banks were at least creating large amounts of credit and putting it into circulation to replace some of what they were taking out in interest, and even though they were working toward our destruction, at least things were moving somewhat. It’s when they stopped issuing credit that the current economic crisis precipitated. With gold or silver, they would just keep accumulating it a few percent every year until it was all gone which would happen even faster than under the current system, as they could no longer create new credit to replace the currency they were taking out. If they were allowed to exist, they could not be allowed to keep even the smallest portion of their profits otherwise the system would eventually have to collapse on itself again, and if this is the case there can’t be any incentive to providing a banking service.

    Now, if you take the combined annual profits of America’s Banks, as compared to the national budget, and you figure in the fact that most of the people in this country who are actually producing something and contributing to the benefit and well being of their fellow citizens, are having 60 – 80 % of what they produce consumed by the banks in interest (after taxes, which again are mostly interest). It should become obvious that without them the American people as a whole could experience prosperity far greater than any of their wildest imaginations. Further to this, simply regulating the currency in a sensible and beneficial manner in order to make sure there was always enough of it to pay for what we could produce would increase our production capacity to many times what it is today with what we already have, and produce an exponential growth in that production capacity in the years to come. Again the only possible outcome of this, is the average person would have many times more than they have today with the same amount of effort going into earning it, as we would be working to feed ourselves and not the interests of the parasites who are bleeding off the vast majority of what were producing now. I expect we would also be able to exist without taxes as well as the state should have more than enough means to finance its operations simply by putting the currency into circulation just as the banks are doing now. Further to this, if the economic growth generated in this country simply by having enough to pay for what we can already do would be sufficiently greater than the costs of the Government’s operations, which is inevitable, they would have no option but to distribute the additional currency required to pay for this economic growth among the entire population. This could result in a situation where everyone’s basic living could be paid for, above and beyond what they were able to earn, leaving everyone free to try to accomplish whatever they deemed possible, without the threat of disaster if things didn’t turn out as anticipated. This would of course entail our elected representatives acting for the benefit of the people, instead of feeding their own personal cravings for power, but without the banks control of our political system, we would actually have the opportunity to elect those who would do this as well. This would also be a very effective control on the size and the power of government, as anything they did, would have a direct and immediate impact on the entire population, and elicit a direct and immediate reaction from the population as well.

    One of the great problems we have is that the vast majority of the population is absolutely terrified of having to think for themselves and they want to be told what to do. As a result they are simply too ignorant to realize what’s being done to them or what they could have, were this not the case. Since the banks have the money which they have stolen from us, and consequently the power to control our political system and media, to tell them what to think and do, they blindly follow and obey, as sheep being led to their own slaughter. The good thing now is that things have reached the point where even these are sensing a very real and dire threat to their freedom and continued existence, and simply need to be informed of the situation and given possible solutions on which they can act effectively for their mutual benefit.

    This is also a problem which will not be solved through our democratic process, as in the case of both Lincoln and Kennedy the banks will simply assassinate any president or politician we elect who would pose a threat to their power and the continued enslavement of the American population. If this is going to happen, short of the solution I’m proposing here, it will take a second American Revolution as the banks and their control of our political system will have to be removed by the people by force of arms, and the threat to our freedom and prosperity will not cease to exist until each and every one of the individuals in charge of our banking system has been executed, 100 % of their assets seized by the population, and the practice of private banking outlawed for all time to come.

    The single and only thing that gives me any hope for America at this point, is that the people seem to be currently preparing for exactly that. Since the last Presidential election they have been buying up every firearm and round of ammunition as fast as it can be produced, before the current government can pass laws eliminating their ability to do so. Since they inevitably must try to remove any and all political freedom in order to enforce the continued denial of our economic freedom, this does increase our chances of success against them when they do so as well. The problem will be that if it does come to the people going to war to defend their political freedom, will enough of them realize the source of the threat they are defending against and do something about that to prevent it from becoming a threat again ?. If they come to realize that it’s not so much Bush or Obama, but the people who put them in power and dictate their actions that are the threat then they will have a chance.

    Further to this, America’s banks are well aware of the hatred that has been generated toward them, first by their own actions in creating the current economic disaster, and by our past and current President, who’s actions in taxing the population in order to bail them out of a supposed problem they created for themselves and us, can indicate nothing but complete and total complicity with them, at the expense of the American people. The banks are living in absolute terror of the American people at this point, as is the present administration, especially in view of the fact that the population is steadily and progressively arming themselves in order to defend their freedom should things go too far. At this point, it is still possible for we as a population to peacefully, and easily, resolve the problem, however if we don’t act now, we will not be given another chance to do so. The banks know full well that the majority of the American population has had enough, and is ready to start exploring solutions to the problems they have created for us. They know that if they do not succeed in removing any and all political freedom from our population along with any and all means which we may have to defend it, that it is we who will be removing them, and if it comes down to force of arms, manipulating our political process will no longer prevent that. If we as a population do not act now, they will, and then we will be required to fight and die as the single and last hope of preserving any of the things that could possibly make our lives a worthwhile thing. In such a case we will simply have to see who wins. A small action and a small risk today, will avoid any of us having to take a larger action and the ultimate risk at some point in the very near future. If you are prepared to die in defense of the United States of America, its Constitution, and the freedom it guarantees, this is a very good thing, and this makes you a very good person as well. It is an even better thing, and you are a much wiser person, if you act now, so that it doesn’t have to come to that.

    We have allowed our body as a nation to become infested by parasites, and the parasites have grown to the point where they are consuming our sustenance faster than we can produce it. As they consume more and more, our bodies grow ever weaker and are capable of producing less and less so the end result has become inevitable. We now have the choice or either swallowing that tablespoon of kerosene in order to kill them and dislodge them from our system, or dying a long slow and agonizing death from starvation as we are no longer capable or producing enough to feed both them and ourselves at the same time. Now is the time to act, and if we don’t act now it will be too late.

    THE SOLUTION:

    I will propose a very simple solution to all of this, and it would be guaranteed to work, if everyone does their job in forwarding this, and if this can circulate through the majority of the American Population. Then if enough people have the courage and wisdom to act on this, in co-operation with each other for their own benefit, this can and will work, and in very short order as well. The solution is that we claim our own bailout, and we claim it here and now. If enough of the people in America will stop making their mortgage and credit payments all at once, and then be prepared to defend their homes if the banks attempt to foreclose (and they simply can’t foreclose on every home in America), then the entire banking system will collapse overnight and America will be free. This would force our Government into taking control of our monetary system, and producing currency and credit for the benefit of the people instead of as a means to power for the banks. If these same people were to then stop paying taxes, this would force our Government into a position of using the distribution of said currency and credit to fund their operations, or being forced to capitulate. We would then have the opportunity to elect representatives who would manage our currency and credit for the benefit of Americans, with that election being the first in the history of our great nation to be completely free of the influence of the banks, resulting in the prosperity i spoke of earlier and eliminating once and for all the threat to our Constitution and political freedoms as well. While we are sending our military to fight foreign enemies halfway around the world, the American people are making monthly payments to those who will truly destroy us. Making payments to a bank can be nothing less than an Act of Treason against the United States of America, as they are the true enemies of our freedom, our country and our Constitution, and what you are paying interest on is something they have stolen from you in the first place.

    THE INSTRUCTIONS:

    On January 1st. 2010, I propose that anyone in receipt of and in agreement with this proposal, cease making all of their mortgage and credit payments for a period of 2 months. In doing so you will sacrifice your credit rating, but then this the worst possible enemy that any person could have, and at this point very few of us have anything to lose. The banks cannot begin foreclosure on a mortgage until the payments are at least several months behind, so you will not be putting your home at risk. If enough people do this, the banking system will collapse and there is no possible way that Obama or anyone else would even dare propose another bailout as they know that people would simply kill them for doing so. If it does, then this will be the time to stop paying any and all federal taxes in order to either force the current government into compliance with our wishes or capitulate and allow us to elect another that will.

    If not enough people participate in this in January in order to collapse the banking system. Then catch up on your two delinquent mortgage payments in March, while continuing to forward this email to anyone and everyone you can and asking them to do the same. The simple fact that some people have attempted this will generate massive turmoil and publicity, as with even with a small percentage of the population doing this, it will have hurt the bastards badly. This will encourage others to join the effort and do the same. You will also be free of any unsecured credit you may have, and can either catch up on this or simply screen your calls, or tell them “its never going to happen” when they call to try and collect. There is absolutely nothing they can do beyond this.

    On April 1st. 2010, if the banking system still exists, then cease making all mortgage and credit payments again for a period of two months. If the banking system still exists at the end of these two months, then catch up on your payments and allow this message to get into the hands of more people, then do it again on July 1st., again on September1st., and again if necessary on December 1st., until the threat to our freedom and prosperity exists no more.

    I think that it’s a pretty safe bet, that if even a few of us can get this started, it will grow exponentially and by the end of one year, Americas banking system will no longer exist.

    If enough people get involved in this in order to collapse the banking system, then we will also have enough to gain control of our political process by ceasing to pay all taxes. Thus leaving whatever government that remains at the time no option but to begin putting currency and credit into circulation for the benefit of the population, and charging whatever interest they are going to charge in lieu of taxes. If not, then they will have to capitulate, and allow us to elect a government that will. Personally, I would like to see those in charge of the banking system and any and all politicians who have been complicit with them put on trial and executed for acts of treason against the United States of America. Of this they are truly guilty and this is what they deserve, but removing their power to commit further acts of treason, and outlawing any such further practices in the future will be sufficient for our purposes, at least for the time being.

    I would also suggest that prior to doing this, those participating withdraw any deposits they have in any bank in cash. This will protect your interests when the banks collapse, and will only serve to hasten that collapse as well. FDIC may or may not be able to insure existing deposits at that point, but why take a chance and demanding the deposits in cash will only help bring about their demise even faster.

    Most importantly, forward this email to everyone you possibly can, and beg and plead with them to do the same, forward it repeatedly to the same people as well. Email, especially forwards, gets caught in spam filters, and you need to send it many times to make sure it will get through to everyone. I normally don’t do forwards, but this is probably the most important thing that any of us will ever do, and could very well mean the difference between the destruction and survival of the single and only free country left in this world. Anyone who objects to receiving this is an enemy of America and part of the problem, so if they get pissed at you, so what ?. This will only work if we get a geometric progression going. If everyone receiving and in agreement with this, will forward it to as many people as they can immediately, each of whom can also forward it to as many more, then before the target date, the vast majority of the American population will have it, and will have a chance to act on it as well. Furthermore, there are still people in this world who are not on the internet, and don’t have access to email, as hard to imagine as that might be. If the bastards have left you enough money that you can buy some paper and printer ink, then print out hard copies of this proposal, leave them in as many places where people congregate as you can, so anyone can pick them up and read them, check and replace them if someone takes them home. They will certainly be the topic of some interesting conversation, will certainly motivate anyone reading them to think, and will only generate more interest and publicity in order to get this effort off the ground. Put copies in baggies with a stone and drive around some of the big new housing developments and throw them in people’s driveways, its pretty much guaranteed that anyone living in these places will be in the 80 % payment bracket. Do anything else you can think of as well, just get this out there any way you can.

    THE CONSEQUENCES:

    Each and every person in America, and even those who do not participate in this effort will end up owning their homes free and clear, regardless of any amounts still owing on them, as there will simply be no one left to demand the mortgage payments. If Obama tries to come up with some scheme where you would continue making your mortgage payments to him so that he could salvage the banks and put them back into power, just withhold them as you did from the banks. They can’t foreclose on the entire country at once, and if they try they will be fighting a war which they know they can’t win. For the state to issue loans and collect interest in lieu of taxes is a good thing, as they are the single and only ones who would have to put the money back into circulation to fund their operations, but for that to happen we will have to elect a government that has not been put in place by the banks. From a moral standpoint, anything you are owing to a bank is something that has been stolen from you and the American people to begin with. The credit you are paying on, is something that they created out of thin air and since no one earned that money you are under no moral obligation to pay them anything. There is absolutely no reason at all to feel bad about walking away from this with a good thing. You will use the money which is no longer going into interest, to buy more good things, this will benefit the people of this country in more ways than you can possibly imagine, so this is only a good thing for you, and for every one else as well. Alternately, if you continue making your payments, you will be guilty of contributing toward the destruction of the single and only good place that is left in this world. Because of you, all the good and just men and women who have given their lives in order to establish and defend it will have died for nothing. Your children and grandchildren will curse you for having done so, and you will have a chance to watch them kill themselves, as they will have absolutely no hope of accomplishing anything in their lives that could possibly make them a worthwhile thing. This will be the only good thing they can do for themselves, as at least once they are dead, they will be free of the miserable tyrants which you have allowed to come to power. You tell me which is right or wrong, and whatever you do, it is you and every generation to follow that will have to live with the consequences.

    Even though this action will result in unprecedented turmoil. Our economy will have been restored, simply due to the fact that the population will be putting the money which they are no longer spending on their mortgage payments into circulation, and would be booming today were it not for the 60 – 80 % of most peoples incomes which is being siphoned off in the form of mortgage and credit interest now. An extra $ 50.00 a month would be enough to start bringing back the economy at this point, imagine what will happen when everyone has an extra $ 500.00, $ 1,000.00 or $ 2,500.00 available from what they are no longer paying to the bastards who have created this problem in the first place ?. This will have been done independently of the banks, which will no longer exist and the stock market as well, as the people themselves will finally have real money in their own hands in order to make this happen, and will be spending it on things which have to be produced. The source of any form of real and long term prosperity is money in the hands of the people to buy the things that they want and need. This will have been accomplished and what happens on Wall Street will be of little consequence from that point on.

    The economy will be massively increased, and will grow exponentially in every year to come, with the single and only guarantee being, that things will simply continue to get better and better, instead of worse and worse, or somewhat better and then much worse, as it has always been throughout the course of human history. If the current government does not figure out that they can pay for their own operations simply by creating and distributing the currency. Provide all the essential services the population needs, and not only leave the population free from taxes, but be contributing to their prosperity through this process. Then we will very shortly have the opportunity to elect a government that will, as we will no longer have the banks to manipulate the election process in order to prevent this from happening.

    For the first time in any of our lifetimes, we will have a Government “by the people, of the people and for the people”, and not “by the banks, of the banks and for the banks”, just as the fathers of this great nation intended it to be. This government will exist to serve the interests of the people and protect their freedoms as guaranteed by the United States Constitution, instead of trying to abrogate those freedoms, and suppress our prosperity and potential as a society, in order to make us more and more dependent on, and subservient to them and the banks who put them in power. Maybe we can even get to the point where we are electing farmers, builders, engineers and businessmen, who live and work in the real world, to manage our political and economic affairs, instead of lawyers, economists, and career politicians who never have done so and are only seeking power and control over those who feed them. If we could make political service like the military draft, where once chosen and nominated by the people a person had no choice but to serve for a specified period of time, we would have then made it extremely difficult for any person seeking any form of power to actually obtain it. The only people who can be trusted with any form of power are those who do not want it in the first place. This makes and awful lot of sense to me, and i hope it does to the rest of you as well. In the words George Washington, this nations first President, the thoughts of any President going to his inauguration should be “those of a culprit going to his execution”, and not thoughts of glee and anticipation over the power and control he or she will be able to inflict on the American people.

    Within one year of this election, we as a population will begin to realize prosperity such as we have never dreamed possible, and this prosperity will grow exponentially and simply continue to increase as we as a population continue to create more and more if it for ourselves, as it will be we ourselves who will be creating the means to pay for this increase. Poverty will be non-existent, and each and every person in our society will have the opportunity to realize their greatest possible potential, according to the ability and effort they put into achieving this. Our children will bless us for the wonderful lives and future we have established for them and their own children, as opposed to cursing us for the hopelessness and misery that has been inflicted upon them through our inaction, as they have done in every other miserable country on this earth, and as they will do here if we don’t act now.

    The only limitation on our prosperity as a society is what America can produce for that society’s benefit, and given the money to pay for it, America’s business and industry is capable of producing an abundance beyond our wildest imaginations.

    FURTHER INFORMATION:

    For those who wish to gain a better and more detailed understanding of economic alternatives beyond the simple basics which I’ve described here, it is certainly worth examining the philosophies of C. H. Douglas, as well as those of Stephen Zarlenga (look them up on the internet). These seem to be the two main pioneers of economic freedom that the world has had to this date. They certainly offer an abundance of solutions and proposals toward this end, which are well worth considering for anyone sharing the same interests. What you’ll also find interesting, is that any economic philosophy which is actually designed to benefit the people within that economy is also simple enough for most people to understand, and consequently simple enough to work as well. The difference is that they were not established by your run of the mill economists, who’s careers, and education involve complicating things beyond description, so that no one will understand what is actually happening or figure out what is being done to them in the process. Douglas used the term social credit, to describe his philosophies and I hate the name, as it creates confusion, and implies an association with socialism for those unfamiliar with the subject. In reality it is exactly the opposite, and is designed to promote the most truly free, and prosperous economy that anyone could possibly imagine, with limitless potential for prosperity for each person within that economy. I think Douglas philosophy may be more complicated than it needs to be, but Douglas was an engineer, and not a banker, politician or economist. He thought in practical terms, and if some variation of his economic system could be adopted and made to work, the result would be limitless prosperity for our entire population and the most productive, and truly free, enterprise system that we could possibly imagine. Zarlenga’s philosophies are somewhat similar with the same objectives, and I think easier to understand. His web site will certainly provide a wealth of information for anyone interested in establishing an economic system that would be of benefit to everyone in that economy, as opposed to raping it in the interests of greed and power. Certainly, these are not the only possible options which might accomplish the objective of an economy run for the benefit of its population, but they do offer a place to start and some ideas on which to expand. No doubt there are other philosophies and theories of economic freedom out there, and I’m sure those who look into the matter in detail will find a wealth of information on them, but you do have to look as each and every one of them has been suppressed by the banks, and are only available on the internet which is the single and only thing neither they, nor anyone else, has managed to gain control of. The one thing that they will all have in common though is that they do not involve the banks, as with them any form of long term freedom and prosperity can never exist. Success should be determined by useful effort and ability, and not by the control and power of banks and large corporations, once this has been established, then we will be able to call America’s economy “Free”. It is only by eliminating the power that it can become free as well.

    Further to this, anyone that is reading and discussing this with anyone is going to run into some nitwit who believes the bullshit, which is being perpetuated by the current establishment. He or she will tell you that economic philosophies such as this cannot work because the currency will devalue through inflation if too much money is injected into the system. Its time to stop believing and simply start thinking and looking at what has been going on around you for the past decade or so. Prior to the current economic crisis, the banking system was injecting unprecedented amounts of credit into the system, in an attempt to secure whatever remained of peoples incomes in interest that they were not already getting in payments, and for many they got it all as well. The credit cost them nothing but they wanted you to work 3 1/2 weeks out of each month to pay them interest instead of two, and this is exactly what they accomplished. As long as this was the case, prices remained stable, as the massive injection of credit still came nowhere near what our actual production capacity would have been, and could have been many times that without bringing about inflation. Unless and until the supply of currency in the system exceeds our capacity to produce useful goods and services, inflation will not happen. If we ever actually get to the point where the supply of currency equals our actual capacity for production, everyone from the greatest to the least of us would have already gotten rich beyond their wildest dreams, and at this point there will be no need to inject more. Three years ago, when more and more people began finding that they were no longer able to pay, the banks began ceasing to issue new credit into the system, while still withdrawing the massive amounts of interest created by the credit they had previously issued, thereby progressively reducing and now eliminating any and all disposable currency within the system. Prices began to rise immediately, and have risen progressively ever since, in direct response to the increasing shortage of disposable currency in the hands of the population. The bottom line is that anyone in any kind of business has had to raise the prices they charge for the work they do for the simple reason that there is far less work coming in due to the shortage of currency for people to purchase it. It is costing them more to survive than it did before, because every other business, is having to do the same, so everyone is charging progressively more and making progressively less. The poor SOB working for those of us who have to raise the prices is still making the same and paying 3 times as much as he did before for the same things, and will be making nothing at all when the few people left who can still purchase the goods and services at the inflated prices can no longer do so. That time is very fast approaching now as well.

    The idiot trying to tell you this, obviously hasn’t bought anything in the last 3 years, otherwise he would have found that a cart load of groceries that cost him $ 250, 3 years ago, is now costing him $ 500. The electric bill is now 3 times what it was 3 years ago for the same amount of power usage. Manufacturing and building materials have gone up 6-7 times what they were before, and have currently come down and stabilized at about 3 – 4 times their original prices, and were not even going to talk about gasoline. All of the foregoing is pretty much typical for everything else as well. In the interim, I think that most of our incomes have either remained the same, or more likely become a small fraction of what they were before so we all have been getting hit from both ends here. Again the single and only purpose of this is to bring down the American population and make them poor and dependent on those who would wish to establish power over us so that they can force us into giving up any and all remaining freedoms, and our means to defend them as well. This is what power does and what it accomplishes, and things can and will only get worse until we eliminate the power and restore freedom in its place. You know this, and I know this, and we’ve seen it happen right in front of our eyes, and it has happening to you and me and to everyone else as we speak. You will never convince someone who’s intent on believing the bullshit being perpetuated by the current system of this though. They have faith, and they only believe, and are unwilling to think, watch, question and learn. If true freedom and prosperity are to ever be established, and secured for our population, it will be because of us that do and in spite of them, and they will also be among those who benefit from our efforts, whether they are deserving of this or not.

    What’s really funny about this, is that when we are successful, the former banks will be regretting not having allowed Ron Paul to win the last Presidential election by the landslide he would have gotten if they had not prevented this from happening. Although he is a good man and has come out on the right side of freedom on every issue, he was advocating a return to a gold based currency as a partial solution, in order to eliminate at least some of the power of the banks to manipulate our currency and economy for their own interests. This would have at least left them something with which they could try again, but as things will be now they will have nothing left at all, and we will finish them for good. Since every other country in the world is entirely dependent on the American economy, as it is the only one who’s population has actually had the ability to purchase anything until recently, and all other business in the world exists for the purpose of exporting to America. The rest of the world will have to follow suit or be left behind, and this will truly be an end on a global scale, to the few people and families who have been responsible for the vast majority of human suffering and misery that has taken place over the course of he past 1,000 years or so. The entire world will then be a part of the new ten thousand year empire of peace, freedom and prosperity which America has established, which, barring anyone being foolish enough to believe the lies perpetrated by the former empire, will endure for all time to come.

    Money is not real, and like a child’s toy, it can be created and managed in any manner that will best serve our interests. As such, it should be the least of our worries, and it is only its control and manipulation by private interests for the sake of establishing power for themselves that makes it the greatest. This is the single and only thing that has deprived the world’s population of the enjoyment and accomplishment they could have had in their lives throughout the course of human history. Once they are gone, money will be the least of our worries, and then we will have the freedom to put all of our efforts into accomplishing useful and productive things, which will be of benefit to our country and our fellow man, instead of having our efforts wasted and our lives destroyed because of it. This is as and how it should be, and the only way it can be, once this is accomplished. It takes many years of education in order to teach someone how to complicate this simple thing to the extent where they can make this simple thing appear impossible, and this represents the greatest lie ever perpetrated on humanity. This is the simple and obvious truth, and even the simplest among us, who will think and question, instead of trust and believe, can figure this out for themselves.

    With best regards and best wishes to all, in the hope and prayer that America and its freedom and prosperity may yet survive, and if you act, it will, so its all up to you.

    From a Fellow American who loves his country

    Current score: 0
  • Anonymous

    You’d be better off keeping your cash in a fireproof safe and that safe in another fireproof safe (with Space Shuttle tiles in between the safes) than to leave it in a bank. That way, if your house burns down, your money is safe, like an airliner Black Box. A savings account don’t generate interest anyways – and they charge yet another fee.

    In the mean time, banks are like black holes. The more you feed them, the hungrier they get. A fun question is this: If CitiGroup were to collide with Cygnus X 1 (a black hole), which would win? Would the black hole suck in the bank, or will the bank foreclose on the black hole’s gravitational field generator?

    Current score: 0
  • Dizzle

    The Perfect Storm 2010
    Why our economy is going to get worse in the years ahead

    I stand here today amongst the optimistic media and government telling us things are getting better in the economy.

    Two words >>>>>>>>>>>>> BULL SHIT this is why…

    WHAT WE FACE STARTING IN 2010 AND BEYOND

    THE UNEMPLOYMENT COLLAPSE
    Between March 2010 – June 2010 we will see 5 million unemployed out on the streets and out of benefits. Unable to keep up with paying their bills and sustain paying their mortgages. This will take a toll on the overall economy driving us further into depression through the end of 2010. This will be a crazy time just wait.

    ALT A MORTGAGE DEFAULTS
    Mid 2010 is when ALT A Mortgages are set to default. There are as many ALT A as there were refi loans. Remember the Refi bust well ALT A is going to hit us equally hard if not worse cause we have already been punched…
    http://sacramento.bizjournals.com/sacramento/stories/2008/06/16/focus2.html

    STIMULUS IS GONE
    Yeah the stimulus that thing that has brought the DOW back from near death a few months ago well that’s going to be all spent. No more artificial crutch for the United States.

    • HOME FINANCING THE AMERICAN NIGHTMARE
    Now the government is trying to con people into buying homes with a $8000.00 tax credit. That will really help once homes have dropped another 20% by this time next year.
    Good GOD hasn’t anyone learned from what has happened? You have to be insane to buy a home now. You’ll be lucky to level off by 2015 so throwing away money on a home isn’t an investment it’s a sham by the banks,media and government to pull you in like sheep to the slaughter.

    Not only that they are banking you will loose your job in that next 5 years and that 3-4K per mortgage payment and money you handed over to them not to mention taxes you’ve paid. Many people say renting is like throwing away money. Not really I’ll spend 1K per month on rent with my wife and save the 2-3K per month (over 5 years) to reinvest on my own terms not the banks or government. Ask anyone who financed a home 3 years ago today if they had to do it all over again would they buy a home. 90% would not I know because being a mortgage broker between 2002 – 2007 everyone that bought wished they wouldn’t have even during the good times.

    Most people don’t see the HUD until the day they sign off on the loan. As a mortgage broker I would look at a loan for example $250K and the final payment after interest taxes etc turns into $475K. I can’t believe I was so blind to help these crooked banks.

    One more sound off on home financing and I’m done. Those TV shows they still have about flipping homes and first time buyers makes me sick. Do you realized that these shows are more than likely propped up by companies with financial ties to the home industry.

    Long story short everyone needs to save up the cash then buy your home with cold hard cash. STOP BORROWING FROM CROOKS AND BANKS. We need to all change our mindset on how we treat money.

    WHAT CAN YOU DO TO BEAT THE BANKS AND GOVERNMENT AT THEIR OWN GAME?

    DON’T TRUST IT ANYMORE
    If there is one thing we should all learn is not to trust our government,the media, and banks.
    They have lied to us and will continue to lie to us until every last one of us is bled dry of our savings,property and dignity.
    But we can ALL do something about it starting today.

    CHANGE IT
    It’s time to wake up and learn from how we have been all manipulated over the past decade.
    Now it’s time to change it one person at a time. I’m all for change and I do like Obama he’s a good guy.

    MILK IT/ SAVE IT
    You want to let the bankers have all the fun and get free money? If you do get laid off milk the unemployment system for all it is worth get your full year+ of benefits you deserve (you’ve paid for it in your taxes). You should be able to pay all your bills and put a couple hundred bucks in savings off of unemployment.

    TAKE IT
    Take any extra money out of your bank. Leave just enough to pay your bills each month or hell take it all out and pay your bills with money orders.
    Slowly build into your budget paying down debt gradually but not to fast to where you don’t have enough cash in hand. If you get to the end of the line you would much rather have cash in hand than a credit card you can blow off if shit hits the fan.

    SELL IT
    Sell every non necessity in your home or office. Put it on Ebay or Craigslist.

    GET RID OF IT
    Have a nice car you are still leasing or making payment on?
    Get rid of it today. Buy a $500 clunker on Craigslist
    Put that $7,000 – $12,000+ a year you are spending on your car to use by investing it

    REINVEST YOUR CASH ON HAND
    Next figure out how to buy and sell stuff on ebay and craigslist to generate 3K-4K per month keep everything.
    Do you realize you can buy and item on Craigslist for an insane deal and resell it for double? It can be done trust me I’ve done it hundreds of times.
    Take the $36K – 48K+ you have accumulated and continue to buy and sell stuff to grow your own wealth without a bank or government telling you how you should invest your money. We’ve seen what happens when we leave our money in their hands it ultimatly stays in their hands.
    Keep everything in in cash or gold reserves either in a safe or a safe deposit box (the only thing banks are good for now adays)

    Keep saving up…do this for 10 years and you’ll be amazed on how much personal wealth you have amassed. You’ll have freedom not having to work for someone and also take that 30% of $500K -$800K and buy a 200K home in cash.

    Current score: 0
  • John

    I used to think there were two kinds of bottom-feeders in the cycle of life: the maggots who eat our flesh after we die, and the lawyers who live off our conflicts while we are still alive. I have to add a third category: bankers, who produce no wealth whatsoever, except for themselves, by sucking everybody dry. They deserve to be shot, brought back to life and shot again.

    Current score: 0
  • http://eptiv.com/ spleeder

    And this brings us to the benefits of the decentralized digital currency known as Bitcoin.

    Learn about it at weusecoins.com

    Current score: 0
  • http://www.arsizvideo.net/ arsizvideo

    Next figure out how to buy and sell stuff on ebay and craigslist to generate 3K-4K per month keep everything.

    Current score: 0
  • bandeti

    You have direct deposit where the check goes in the first of the month. But the first falls on a Saturday. ‘I’m sorry. Direct Deposits don’t post on Saturdays. It’s not a business day. It’ll post Monday’.

    You write a check on the weekend. You realize you’ll be overdrawn. You get some money and deposit it that weekend. ‘I’m sorry. Your deposit will post the next business day’.

    But ‘BLAM!” you instantly get hit with an overdraft fee. THAT happens at anytime.

    Bastards!

    Current score: 0
  • J. Moro

    I am sick and tired of Banks!!!!!!!!!!….As far as I can see its just a bunch of CRIMINALS!!!!! The criminal used to be wearing a baraclava now he sits in a pinstipe suit behind his desk!!!!!!….The bank of Cyprus held funds for 5 and a half months clearing it,….I would call it leveraging it!!! Now it finally got released its stuck in a Luxembourg account!!!!!!!!!!!…How the hell do these banks get away with such BS compliance procedures!!!!!!!!!!!

    Current score: 0
  • jobbie theif

    Banks are the most bestest thing ever in the world. yash. hahahaha

    Current score: 0
  • Pan

    yes… banks suck totally
    https://www.facebook.com/pages/I-Hate-Barclays/292005290853776

    Current score: 0
  • Alan Isenberg

    excellent  i have a letter just sent to lloyds tsb how do i get copy to you – interested to hear your comments

    Current score: 0
  • Marjieforest

    Absolutely BRILLIANT!!!!!

    Current score: 0
  • Yuval

    If you hate banks too, check out the upcoming company BINK… The next generation of banking, like you always wanted.. safe, simple, social and fun

    http://www.facebook.com/pages/Bink/290475434323401?sk=app_233582996694452 

    Current score: 0
  • RSR
  • Imadragon

    THE GLOBAL SOLUTION
    1 Nationalize the banks.
    2 Put all bankers on house arrest.
    3 Freeze all thier assets so they cant leave thier country
    4 Stop building the North American and European econimies on  the usurious DEBT SAVERY of people.
    5 If the bankers ever cause another world wide economic crisis put all coporate finacial banking CEO to Death
    6 Replace the bankers until they know their place
    7 Stop lobbyists from bribing government officials

    Problem solved  

    Current score: 0
  • Chris

    Banks are corrupt and there is nothing that we will be able to do about it. When things go bad, they are given bailouts, which most recently has made them stronger. These are the top tier of wealth and will continue to take from the less fortunate. It is the only way they know how to survive. The same concepts or schemes happen worldwide. Placing your money with them leaves you in jeopardy. While leaving it in bags in your home also causes a lot of risk. Point is that civilized beings do not exist. No matter where you are someone wants power over you. The only way to really survive these days is to assess your risk and pay the downsides. 

    Current score: 0
  • christinasissues

    man i hate banks
    im just trying to get money for my first car to gee a job and support my sick father
    keep denying me loans

    Current score: 0