Let’s discuss corruption of the banks, the banking system and the people who run these infamous institutions. In my contrary opinion to the status quo, this means discussing the greed and ego of all bankers, the boards of directors and the share holders. This also means the avoidance by the Federal, Provincial, Municipal Governments and People to charge the banks and their boards of directors with the Crime of Usury.
‘Criminal rate means an effective annual rate of interest calculated in accordance with generally accepted actuarial practices and principles that exceeds 60 pr cent on the credit advanced under an agreement or arrangement.’
Believe it or not people, every bank in Canada is – and always has been – guilty of the CRIME of Usury. This means they are also guilty of FRAUD, deceit, grand theft, misappropriation of private funds (citizens’ private monies). God, I could go on and on.
Example – Purchasing a Home
Each and every home owner purchases his/her home with a mortgage. That mortgage, paid over time (Say 30 years for this example), ends up costing far more than the value of the house plus the 60% Usury-limit.
How the Criminal Code of Canada Views Usury
|60% interest – the most allowed under the criminal code of Canada: (note this is not compounded interest, but a set 60%)||$180,000.00|
How The Banks Really Work
|Best Mortgage Calculators:Homeowner will spend $21,555.80 a year over 30 years
($21,555.80 X 30 years)
*The % of INTEREST charged by the Bank/Mortgage broker = 216%
Basic Math Figures
216% is a far cry from the Criminal Code of Canada’s 60%. This is Usury. So can anyone tell me why the politicians and the police, the legal system itself does not take all the bankers, their boards of directors, their share holders and force them to turn over all their money and everything they own? Better yet, true justice based on ethics of right and wrong for the majority is seizing all their personal belongings, including all their clothing and making them and their families serve hard time. Usury is a crime against humanity. Hell, make it a capital crime with a few hangings or shootings and bankers will get the picture. Throw in all the politicians for their non-action and we’ll quickly clean up the system.
Any broker, banker or lawyer will break down the cost for you and call it ‘fees’. Let’s be honest here – these figures are not fees. Interest charges are disguised as fees to mask the fact the banks are stealing citizens’ money. The problem here is about ethics. Lawyers and brokerages, banks and politicians don’t have any, in my opinion. They have no wish to support or create a system that works, that’s fair, that’s responsible to the people. These people care about their personal agendas. When federal elected officials in Canada earn over 150,000 a year plus bonuses, why should they care what lesser people think? When bankers earn top dollar, why should they care for lesser people? Instead of acting responsibly, they hide behind manipulation and coercion, sit in their seats of advantage and force others – usually those who are less fortunate – to bend to their will.
Is that morally correct? Not at all. Once again, I suggest you view my earlier articles about replacing our oligarchic system with a better designed system. (Struggle For Democracy, Part I and II).
Until next week, remember, these are my opinions and point of view on the subject. That doesn’t make them right for anyone else. It doesn’t make them wrong, either. That stated, if any errors or omissions have occurred, please let me know. I’d be grateful for your point of view.