SORT BY Relevancy
Join us right here on "The Gospel of Truth: Injecting Liberty & Freedom into the minds of man." as we travel back in time to establish a timeline of banking and the correlation of a bank and an economy. We are very happy to have a guest caller tonight. Wes Rosson, a blogtalkradio host and former employee of the Sun Trust, sheds light on his perspective while working on the frontlines of banking. He has a vast amount of knowledge on a number of topics but tonight he helps us understand the system and tactics of banking while connecting the dots to the questions we have.
"...prior to the 1913, if you were given a dolar in payment for whatever reason, one could then go redeam the value of $1 in gold." -Alex
Today we find that our currecny and most of the world are not backed by anything. Yet they have become almost a way of life for us. Almost any monetary transaction has to go through a bank. These are a few questions we have asked ourselves:
Where did we aquire our forms of banking & Why?
Who spearheaded the "Banking Movement"?
Why are the small Elite Group Members that we spoke about last episode, all have their hands in the Banking Industry in one way or another?
What difference has Banking made in the World?
Tonight we bring to light the "History of Banking".
Fort Hood National Bank Senior Vice President Ron Taylor joins the show to discuss banking to veterans and active duty military. What products and services do they need and what banking challenges are presented when soldiers are deployed? Dimitris Rousseas of Compliance Alliance answers the question of the week about balloon mortgage loans.
The Federal Reserve Act (enacted December 23, 1913 signed into law by president Woodrow Wilson) was purportedly designed to aid in:
1. Conducting the nation’s monetary policy by influencing monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates.
2. Supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system, and protect the credit rights of consumers.
3. Maintaining stability of the financial system and containing systemic risk that may arise in financial markets.
4. Providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system.
The Origins of Fractional Reserve Banking
In XVIth century England people who had gold would deposit it with goldsmiths for safekeeping. In exchange they got a signed receipt guaranteeing that they could retrieve it. The value assigned to that note backed by the gold in the goldsmith’s vault made it possible to use it for payment.
That means if A deposited £10 worth of gold and had in his possession a receipt he could settle his debt with it. That receipt, actually a promissory note, became money. The person who took it in payment could either use it as is, or at some later point retrieve the gold in the goldsmith’s keeping.
At the same time B borrows £10 worth of gold from the goldsmith but receives a promissory note. He settles his debt to C with that note. Now there are two notes in circulation for one amount of gold. The goldsmith issues further notes, knowing that all claims would not have to be honored at the same time.
Edward Francis Anhalt is a professor, event promoter marketing and business man in the Milwaukee area, and founder of Banking on Kids, a company that promotes fiscal responsibility in elementary and middle school students.
Banking On Kids Website
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About The Host Mike Calderwood
Growth Coaching Systems
in Self Help
Philosopher Dr. Diana Hsieh answered questions on fractional reserve banking, fraud, and deception, people unworthy of the truth, deception in a business partner, and more in this episode of Philosophy in Action Radio.
Question 1: Does fraud require deliberate deception?
Question 2: Are some people unworthy of the truth?
Question 3: How can I decide whether a business associate has crossed the line?
To download or feed a high-quality version of this episode, plus show notes and other details, visit its archive page.
For more from Dr. Diana Hsieh on the application of rational principles to the challenges of real life, visit PhilosophyInAction.com.
1) Program intro
2) We have 2 reports to play on our program .
Part 1 - House Passes Bill Further Weakening Financial Regulation
-TRNN's Jessica Desvarieux looks at the key bill provisions benefiting Wall Street, and also examines the so-called opposition of Democratic lawmakers - January 15, 2015
3) Music Break
4) Part 2 - Is Financial Fraud Too Complex to Prosecute?
-The Department of Justice is using an illegitimate excuse to explain why it has not prosecuted any senior bankers, says Bill Black, former bank regulator and current Associate Professor of Economics and Law at the University of Missouri-Kansas City - October 27, 14
5) My closing Comments
6) Closing Music , O Canada them song
CEO Anabela Pereira Grenier has been working at Pioneer Valley Credit Union since 1985. She has seen two waves of techological advancements impact her brand and the banking marketplace. We will ask her about her career, what she has learned from the journey and what she thinks the future holds for her Credit Union.
in Real Estate
Today on "It's My House" we shall discuss a topic that many people never discuss or if they do it's usually too late. The primary subject for out program today is: Family Wealth.
Like or not, when two people either get "legally married" or have a child together (even if they have no marriage license) .......they have entered into a BUSINESS CONTRACT. As cold as that might sound, as un-romantic as it might sound, that is the reality of it.
The formation of the family unit is the "FORMATION OF WEALTH".
Today we are going to make people aware of what "family wealth" looks like and that everyone at one time or another has been or is no a "family business" whether they know it or not.
Terms we shall discuss are:
Family Profit Centers
Family Revenue Centers
As things are heating up it would appear that the moslime usurper has a death wish for Americans> Iran and hezbolah no longer on American or UN Terrorist list . England and Germany joining Russian and China in New Chinese banking system. Obambam is upset congress cares more about Americans than his Foriegn invaders. Law Enforcement is exhausted and budgets gone due to overwhelming flood of invaders breaching our borders. Irving Mayor says no way to Sharia Law in her city. These Topics and more. Revolution on the horizon? Is it to late to stop the moslim dictator from his reign of terror, or will the keyboard warriors who keep claiming their second amendment right finally realize the very meaning it was written for. Christians being slaughtered around the world yet the mole only bringing in moslime refugees (invaders). DHS Document reveals they have full authority to wave visa/ Passports for refugees (felony invaders) globally.
SELECT PORTFOLIO SERVICING (SPS) FORCED BORROWER TO FALL BEHIND REPEATED LOAN MODIFICATION DENIALS FOLLOWED FTC CFPB FDCPA CONSUMER RIGHTS MHA HAMP REQUIREMENTS STRATEGIC ATTACK
"the daily complaint"
Every weekday we answer client complaints on The Daily Complaint to provide direction and resources for both the person complaining as well as other consumers experiencing similar issues whether it be mortgage fraud, loan servicing escrow issues, loan modification runarounds or denials, short sale refusals, deed in lieu negotiations and credit card debt collector abuses and fraud violations.
I routinely look for posts to answer in hopes that it will not only bring optimism to those homeowners and borrowers in distress but also some basic information to assist in fighting the banks that are "too big to fail" like Bank of America and Citi but yet don't appreciate the bailout that we provided in their time of need. The debt collectors like Ocwen and Nationstar are simply just piranhas but they can be beat at their own game too just like the big banks can be defeated.
We are committed to answering consumer complaints and addressing everyday credit and debt issues on The Daily Complaint and I thank you for your continued support!
We hope you enjoy the Show...
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