Thursday, December 19, 2013

Our Banking system, criminal or not?

                       When I was younger my Mom took me to the bank and opened a passbook account.  Many of you probably don't know what this is. It's an actual book that records your deposits, withdrawals and interest.  It was fun going to the bank and depositing my measly few dollars every week that I worked for or that I got for an allowance.  It showed a child how they can save money and gave him/her a feeling of responsibility.  It's part of why my work ethic is so strong.  This is something I fear is missing from today's youth.  Today, even though they have no real expenses, saving is not instilled in children's weekly plan.  In today's world, parents are trying to survive, especially if they are poor or middle class.

                   Now, this brings us to the factors that affect today's moral and ethical working standards that the banks helped destroy.  Banking fees and other charges!  Why is this criminal practice allowed?  Did you ever wonder why overdraft fees are the same with EVERY bank?  The going rate that is charged by every bank is 35-36 dollars now even if you spend ten dollars a transaction or less on commercial accounts.  On personal accounts it's over ten dollars a transaction.  It's like a cartel of criminal activity that goes unmonitored. If you have a corporate account you can get one of these fees if you use your debit/credit card at a convenience store for only a few dollars.  Kids are the biggest offenders of this practice and get whacked on a daily basis sometimes receiving three charges a day!  Now, you must wonder certainly there is a cost to the banks and is why they charge such an exorbitant amount?  The answer, there is no cost associated with this charge that banks incur.  This is pure profit.  It is recorded that the banking industry produces a profit of 40 billion a year due to this criminal practice and our officials turn a blind eye.  This is in addition to interest rates and other banking fees.  Not a bad business! 

                    It's the same old story folks.  The bribes that go on in congress and with our politicians is disgusting to say the least.  They are supposed to be working FOR THE PEOPLE AND NOT FOR THE CORPORATIONS!!!! Today's life is led by leaders unlike Franklin D. Roosevelt who protected the people instead of the corporations!  It's evident that we need more "Heroes of the people" in this day and age.  When will this corruption purely from corporate greed be curtailed and the guilty indicted?  The longer I live on this earth the human race lets me down time and time again.  Who out there is a decent human being that can resist immense greed in order to help the human race?  I am so tired of these corruptions that only aides a select few while the majority is cast aside once again! It has gotten to levels unimaginable!  Our current system seems to benefit a few thousand as 7 billion people just make do.  How much wealth does one man need?  I just shake my head... Let me know your thoughts

http://www.amazon.com/Bilderberg-Ultimate-Nolan-J-Reynolds/dp/1621830365/ref=sr_1_2?ie=UTF8&qid=1386857549&sr=8-2&keywords=bilderberg

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