How Much Cash Are Corporations Really Hoarding?
Street Democracy writes:
Our world is one enormous economic plantation system run by venal oligarchs and puppet politicians endorsing evil in print to ensure their wealth is protected and the trickle down effect is non-effective.
Evil in print in digital numbers that hold no empathy, are sterile, cold and heartless figures. Our economics holds no compassion, void totally of love, they are lifeless and dead causing an explosion of misery of a financial massacre, a slow kill, wounding many, like a plague of oppression.
A ferocious enslavement of a debt monetary infrastructure, of legalised theft from the top in vast quantities and minimal money is dripped fed back to the people living in a sophisticated squalor of desperation.
The financial debt enslavement is run by figures of fiends who have turned the human race into commodities and herded into punishment’s if they fail. Disabled people, those unemployed, those unable to contribute to a working week face a punishing regime, a system and dialogue of force and benefit sanctioning.
These imposing fierce host’s are the concentrated wealth placing profits before people with no regards to the health of our planet for tomorrow. Volatile models enshrined into law is the slow kill of our planet, the shattering of our social democracy, and the destruction of our freedoms.
The elite believe they own us, they own the poor, our housing, as they own the banks and own all corporations who operate a form of ownership over us also.
Click to watch David Icke explain what our money is, and you’ll be amazed how you didn’t see the scam that is right here in plain sight. ‘Eyes wide shut’ springs to mind.
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‘Corporate America is the standard punching bag for criticism exercises across the nation. No matter the topic, major corporations are often seen as financial heavyweights that constantly hit below the belt, at the expense of everyone else. In recent years, corporations have been called cash hoarders not willing to spend money on the country’s future. While this may be true to some extent, the full scorecard provides a less unanimous decision.’ Read more: How Much Cash Are Corporations Really Hoarding?
‘If you’re constantly forgetting your bank PIN number, help is at hand – literally.
Barclays is launching a new ‘biometric reader’ that can identify customers by the veins in their finger.
Instead of using a PIN or password, internet banking customers will merely have to press their finger on a scanner plugged into their computer, which will use infrared lights to scan the veins and blood flow under the skin to confirm the user’s identity.
Customers will then have to scan the same finger a second time to confirm their transaction as part of the bank’s ongoing bid to combat fraud.’ Read more: Time to ditch the PIN number: Barclays set to unveil technology that will identify customers using the veins in their finger
‘Royal Bank of Scotland will on Wednesday be fined around £15m by the City watchdog for failures at the taxpayer-owned bank that meant customers were give poor advice when buying mortgages.
The Financial Conduct Authority (FCA) is expected to announce the fine this morning following an investigation into mis-selling in the run-up to the financial crisis.
It is believed to relate to staff being improperly trained to sell mortgages, meaning that in certain cases, buyers received incorrect advice.’ Read more: RBS to pay £15m fine over mortgage selling
‘Would you stand in line, for hours, in 91°F temp under the scorching sun, for a box of free food?
More than a thousand people in Miami did just that on Friday, Aug. 22.
Marybel Rodriguez reports for CBS Miami that the food giveaway event located at the Central Shopping Plaza at 3825 NW 7th Street started at 9:00 a.m.’ Read more: What economic recovery?
‘A Wall Street investor accused of insider trading over half a million dollars bolted from the press pack waiting for him outside court in New York today, sprinting so fast he left one of his flip flops on the sidewalk.
Michael Lucarelli was arrested Tuesday morning at his apartment on the Upper East Side and immediately faced Manhattan Federal Courthouse.
The 51-year-old director of market intelligence at Lippert/Heilshorn & Associates allegedly used non-public information from draft press releases to cash in on the stock market.’ Read more: Forget something? Wall Street fat cat facing 20 years prison for 13 counts of insider trading bolted from court so fast he lost his flip flops
‘Goldman Sachs has agreed to a settlement worth $1.2bn (£723m) to resolve a US regulator’s claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced on Friday.
Under the settlement with the Federal Housing Finance Agency, the conservator for the two government-controlled mortgage finance companies, Goldman Sachs said it agreed to pay $3.15bn (£1.9bn) to repurchase mortgage-backed securities from Fannie and Freddie.
The FHFA, which valued the settlement at $1.2bn, said the accord “effectively makes Fannie Mae and Freddie Mac whole on their investments in the securities at issue.”‘ Read more: Goldman Sachs agrees to $1.2bn settlement over mortgage bonds
‘Record numbers of university places are on offer as pupils in England, Wales and Northern Ireland are about to find out their A-level and AS-level results.
An extra 30,000 university places are available and it is expected that for the first time over 500,000 places will be allocated for courses this autumn.
University heads are predicting some students could still get places even if they miss their required grades.’ Read more: Record university places as A-level results revealed – of course there are: more money for universities and more debt for more students
‘The narrative that Social Security, Medicare and pension funds invested in stocks and bonds can fund the retirement of 65 million people is a misleading fantasy. The sad reality is we can’t fund the enormous expense of retirement/healthcare for 20% of the populace out of our national earned income, and the savings that have been set aside are either fictitious (the Social Security Trust Fund) or based on phantom wealth created by speculative asset bubbles in stocks, bonds and real estate.
I explain the fraud of the Social Security Trust Fund in detail in The Fraud at the Heart of Social Security (January 17, 2011).’ Read more: We’re Relying on Phantom Wealth to Fund Our Retirement
‘HSBC has been accused of bullying by a carpet shop who claims the bank cancelled their 25-year business account because they have the word ‘Persian’ in their name.
The bank told the owners of Persian Carpet Studio, based in Sudbury, Suffolk, that they had a month to find a new bank as their business account was being terminated – without any explanation.
The carpet business’ secretary, Graham Barber, believes the decision was a result of new money- laundering and anti-terror legislation, which has left banks terrified of providing services to those it deems as risky.’ Read more: ‘Bullying’ HSBC cancels account of Suffolk carpet shop after 25 years ‘following purchase from Iranian businessman’
HSBC: The World’s Dirtiest Bank
‘In July 2011, First Niagara Financial Group announced that it would buy 195 retail bank branches in New York and Connecticut from HSBC for around $1 billion.  HSBC had acquired the branches when it bought the spooky Marine Midland in 1980. According to Global Finance, the UK-headquartered HSBC Holdings is the world’s 3rd largest bank with $2.36 trillion in assets.  Formerly known as Hong Kong Shanghai Bank Corporation, HSBC has served as the world’s #1 drug money laundry since its inception as a repository for British Crown opium proceeds accrued during the Chinese Opium Wars. During the Vietnam War HSBC laundered CIA heroin proceeds.’
Read more …
‘Income inequality is a hot political topic and a report showing that a small number of US companies hold most of the wealth could stir up more talk about ways to change tax policy.
The majority of corporate cash is amassed in the coffers of 18 US firms — they held 36 percent of all wealth last year, a jump from 27 percent in 2009 with the gap expected to widen further, according to a report from Standard & Poor’s, a New York-based credit rater.’ Read more: Report: 18 corporations hold over a third of US wealth