Category Archives: Banking

ANZ Bank was the leading Australian bank in the world of offshore accounts – Panama Papers

The Panama Papers: ANZ Bank was the leading Australian bank in the world of offshore accounts; Samoan diplomat was used to help create shell companies – Samoa’s high commission in Australia couriered papers

A link to the above article is below Penny Bright’s summary here:

NZ WHISTLE-BLOWER ALERT!

25 October 2017
Penny Bright

Can the International Consortium of Investigative Journalists (ICIJ) please carry out an urgent investigation of former NZ Prime Minister John Key and the Panama Papers?

BACKGROUND:

It was murdered Maltese investigative journalist Daphne Caruana Galizia who exposed, via the Panama Papers how NZ foreign trusts were used as money-laundering vehicles by Maltese Politically Exposed Persons.
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Malta scandal exposes New Zealand trusts again

Neil Chenoweth and Susan Edmunds

April 28 2017

http://i.stuff.co.nz/…/malta-scandal-exposes-new-zealand-tr…

“A Malta magistrate is investigating explosive claims of money laundering and corruption that have put New Zealand in the middle of a global cash trail from the family of Azerbaijan president Ilham Aliyev.

President Aliyev’s daughter, Leyla Aliyeva, is alleged to have channelled more than NZ$1.6 million to senior figures of the Malta government, including Prime Minister Joseph Muscat’s wife.

These include alleged payments to Panama companies owned by New Zealand trusts set up by the Malta Energy Minister Karl Mizzi and Muscat’s chief of staff, Keith Schembri.

On April 20, Maltese blogger Daphne Caruana-Galizia reported that she held copies of documents originally stored in a kitchen at Pilatus Bank, which showed that Egrant Inc, a mystery Panama Papers company identified by the Financial Review last year, was secretly owned by the Maltese Prime Minister’s wife, Michelle Muscat.

In March 2016, a Dubai company controlled by Leyla Aliyeva had transferred US$1.017 million (NZ$1.47 million) marked as a loan into Egrant’s account at Pilatus Bank, Caruana-Galizia reported.

Joseph Muscat denied the claims, calling it the “biggest political lie in Malta’s history”.

Caruana-Galizia reported that other payments were made from Leyla Aliyeva’s company to Pilatus accounts held by Egrant as well as Tillgate Inc and Hearnville Inc, two Panama companies that are owned by Schembri and Mizzi, through New Zealand trusts.

Schembri and Mizzi vehemently deny Caruana-Galizia’s reports. Mizzi has produced audited accounts for his New Zealand trust which shows it as dormant with no assets or income.
…..

The latest revelations, if substantiated, are an embarrassment for the New Zealand government, which announced an inquiry into its offshore trust laws on April 11 last year, the day after the Financial Review revealed details of how Panama law firm Mossack Fonseca’s Malta agent, BT Nexia, began setting up Tillson, Hearnville and Egrant five days after Muscat’s election victory in 2013.

Mossack Fonseca’s files were obtained by the International Consortium of Investigative Journalists and German newspaper Süddeutsche Zeitung.

New Zealand subsequently amended its offshore trusts regime, requiring foreign trusts to file annual accounts with the New Zealand tax office, but with no further restrictions.

At that time, it appeared the Malta trusts had never been used, after Mizzi and Schembri’s Panama companies were turned down by eight banks who refused to open accounts for them because they were Politically Exposed Persons (PEPs).

The Panama Papers, however, show repeated cases of overseas investors filing false or implausible sets of accounts with New Zealand lawyers, who have limited means to verify the figures.

SIGNIFICANT ROLE

The latest wave of allegations in Malta underline how easily the New Zealand disclosure laws can be avoided, which the new laws do not change.

If the reports are substantiated, they raise a far more serious picture of money-laundering from one of the most corrupt countries in the world, in which New Zealand’s foreign trusts played a significant role.

The saga began in February 2016 when Caruana-Galizia revealed that Schembri and Mizzi had set up two Panama companies, Tillgate Inc and Hearnville Inc, owned by the Haast Trust and Rotorua Trust in New Zealand.

In April 2016, the Financial Review published new details of Schembri and Mizzi’s New Zealand trusts and their attempts to open a bank account in Dubai.
….”
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Two days after Daphne Caruana Galizia was murdered by this car bomb, it was announced that former NZ Prime Minister John Key would become Chair of the Board of the ANZ bank.

http://www.nzherald.co.nz/business/news/article.cfm…

“Sir John Key has been named chairman of ANZ Bank’s local arm.
Key joins the board of the country’s biggest bank from today and will assume chair at the start of next year.”

The ANZ bank was the Australian bank mentioned more times than any other bank in the Panama Papers.

ANZ leading Australian bank in the Panama Papers:

http://www.fijileaks.com/…/the-panama-papers-anz-bank-was-t…

(4/4/2016)

“By Neil Chenoweth
Financial Review

The Mossack Fonseca files show the critical importance that banks hold in the offshore world – and ANZ is the most visible of the Australian banks in the offshore space.

ANZ appears in 7548 of the Mossack documents, reflecting the bank’s extensive work in New Zealand, the Cook Islands, Samoa and Jersey.
…”

On 1 August 2017, at a meeting attended by 200 people at Rutherford House, Victoria University, Wellington New Zealand, the (former) Chair of Transparency International, Jose Ugaz stated that John Key should be investigated over the Panama Papers.

I attended this meeting and heard Jose Ugaz say this myself, as did the other 200 people in the room.

There appears to have been NO NZ mainstream media coverage of this story.

Can the ICIJ please carry out an investigation of former NZ Prime Minister John Key and the Panama Papers?

Yours sincerely,

Penny Bright

‘Anti-corruption whistle-blower’.

  • Attendee: 2009 Australian Public Sector Anti-Corruption Conference.
  • Attendee: 2010 Transparency International Anti-Corruption Conference.
  • Attendee: 2013 Australian Public Sector Anti-Corruption Conference.
  • Attendee: 2014 G20 Anti-Corruption Conference.
  • Attendee: 2015 Australian Public Sector Anti-Corruption Conference.
  • Attendee: 2017 Transparency International Australia Anti-Corruption Conference.
  • Attendee: 2017 World Justice Project International Rule of Law Forum – The Hague.

#InvestigateJohnKeyOverPanamaPapers
#JusticeForDaphneCaruanaGalizia
#StopCorruption

READ MORE

READ THE PANAMA PAPERS ARTICLE FROM FIJILEAKS.COM 

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John Key is making money off NZ’s growing debt

 

Published on May 3, 2016

https://youtu.be/bQ6SQK0b1Ys Will John Key Profit From NZ Foreign Debt? MR NEWS John Key has shares in the Bank Of America, BOA loans money to the NZ government, John Key got NZ into half a trillion in debt, BOA will benefit from the TPPA New Zealand Corruption: IT’S IN YOUR FACE! Official information act reply: http://waterpressure.files.wordpress…. Link to Register of pecuniary interest http://www.parliament.nz/en-NZ/MPP/MP… New Zealand is getting in debt to foreigners at an alarming rate, John Key owns shares in the Bank of America, is he profiting from this? Guerilla Media http://www.youtube.com/mrnewsguerilla… Penny Bright http://www.pennybright4mayor.org.nz Vinny Eastwood MR NEWS http://www.thevinnyeastwoodshow.com

“Trillions of dollars need to be mobilized a year by tapping into the savings of citizens around the world…” Sustainable development’s financing plan!

Ah, how the UN cares for you … so much so they want you to involuntarily give them your savings. Do any of their plans look sustainable? I’ve yet to see anything. If the sustainable environmental practices are anything to go by we’re all sunk pretty much … it’s all about profits and money courtesy of the banking cartel. Do you really trust them?
EnvirowatchRangitikei
Danger: The Deputy Secretary-General, Amina Mohammed, said that “trillions of dollars need to be mobilized a year by tapping into the savings of citizens around the world…” The financing fix for Sustainable Development is revealed: simply take it from citizens’ saving accounts. Actually, if Sustainable Development is completely established in place of Capitalism/Free Enterprise, private property (including savings) will be wiped out anyway. ⁃ TN Editor

As the high-level week of the United Nations General Assembly gets underway, Secretary-General António Guterres today stressed the role of the UN to help reshape “unproductive and unrewarding” finance and redirect investment to creating a better world for all.

“The choices we make on finance will be critical,” Mr. Guterres told a special event held at the UN Headquarters in New York on financing for global development goals.

Mr. Guterres noted that the 2030 Agenda for Sustainable Development and the 17 Sustainable Development Goals (SDGs) – adopted by UN Member States in September 2015 – are a blueprint for building an inclusive, sustainable fair globalization.

“We can choose to bemoan the lack of financing for the 2030 Agenda in a world awash with so much unproductive and unrewarding finance. Or we can grasp the opportunity to reshape finance, according to our urgent, collective needs,” he said. “The choice is clear. Let us invest in the 2030 Agenda and finance a better world for all.”

READ MORE
SOURCE

The Nats have Sold Out NZ with a half-trillion-dollar debt

Thanks Key, you have us right exactly (in my opinion) where  you wanted us. For starters we figure you’re profiting from this debt. For seconds we are now ripe for New World Order one world government given the borrower is slave to the lender. Forty two thousand beleaguered people without a roof over their heads. Children in poverty & our teens committing suicide. Beats me how you all have the gall to display on your election ads… “a strong economy delivering for NZers” … what? …”one of the fastest growing economies in the developed world…?”
They are choosing not to notice of course the aforementioned child poverty, homelessness & teen suicide. Stats to be proud of? These people are delusional and think we are all mentally impaired. Key, the smiling assassin, has been replaced with a slightly friendlier looking version of himself, and second in charge, a woman who’s allegedly committed welfare fraud.  (Which you’ll likely never find out about now from the rumour I heard recently). They’re sailing on like nothing’s happened in spite of an eye witness, and meanwhile Metiria’s been dealt to for her comparatively minor misdemeanors. They are dismantling our sovereignty brick by brick. Wake up peoples. (The meme below is from the video showing you the various world leaders on the end game of their so called new world order).  Tie that in with the Agenda 21/2130 plans and it all fits very nicely. Same people. Their other Trojan horse into our respective sovereign nations aside from crippling debt, is the local district councils (sustainable development aka trash everything) which note are all also in obscene debt. My district $68-100 million. ‘No worries’ they tell us, the future generations are able to share in paying for everything.
EnvirowatchRangitikei
Copy of new w order from presidents.png
So read on about our humongous debt. 
New Zealand now owes almost half a trillion dollars in debt – and a growing chunk of it belongs to ordinary households, mainly borrowing to buy property. In the start of a week-long series Tamsyn Parker spells out the problem.

New Zealand is sitting on a half-a-trillion-dollar debt bomb and Kiwis are increasingly treating their houses like cash machines, piling on the debt as they watch the value of their properties soar.

Reserve Bank figures show household debt, excluding investment property, has risen 23 per cent in the past five years to $163.4 billion. Incomes have risen only 11.5 per cent.

Households are now carrying a debt level that is equivalent to 162 per cent of their annual disposable income – higher than the level reached before the global financial crisis.

READ MORE:
Experts fear downside of debt
NZ homes among most indebted

Including property investment the total debt households owed as of April was $232.9 billion, according to the Reserve Bank.

Satish Ranchhod, a senior economist at Westpac Bank, says the main driver has been low interest rates.

“Continued low interest rates have sparked a sharp increase in household borrowing at a time when income growth has been very modest.”

And it’s housing loans where the growth has mainly come from.

Housing loan debt has risen 23.4 per cent to $132.83 billion. Student loans were up 22.9 per cent to $14.84 billion and consumer loans are up 16.6 per cent to $15.7 billion.

READ MORE

http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=11651648

12 Days Before ’08 Crash, Congress was Secretly Told to Sell Off Their Stocks

Not surprizing this information given we’ve been told for many years by notable people that economic depressions/recessions are man made. They manipulate boom and bust to fatten their bank accounts. Yet for years we’ve been led to believe they are all due to fluctuations in the market. Not even. Check out our Money Trail / Banking pages for more info on who is controlling the world with the banking industry. In my humble opinion they have much blood on their hands given all the suicides they’re responsible for. Their other arm is the media that is used to suck people in to the whole consumerism trap. Be aware and don’t go there.
EnvirowatchRangitikei

 

From dailyalternative.co.uk

Earlier this month, it was reported that less than two weeks before the economic collapse of 2008, several members of Congress took their money out of the stock market. Many high ranking government employees were given a heads-up about the impending market crash in secret meetings with the Federal Reserve and the Treasury Department. Then they used that information to engage in insider trading.

It was revealed that Senator Shelley Capito and her husband sold $350,000 worth of Citigroup stock at $83 per share, just one day before the stock dropped to $64 per share. Another shady trader was Congressman Jim Moran, who had his biggest trading day of the year days after the secret meeting, sellings stock in nearly 100 different companies.

These actions would be illegal for any American in any other circumstance, but members of Congress and high-ranking government officials are actually exempt from insider trading laws.

Years later, a 60 minutes investigation aired on television which highlighted the government’s deep history of insider trading. The investigation sparked outrage, prompting Congress to pass “the STOCK Act” which was said to hold members of the government to the same standards as any American when it came to insider trading.

However, Congress watered down the bill and changed key elements that would hold them accountable, allowing them to return to business as usual, and escape any consequences for their prior crimes.

http://www.dailyalternative.co.uk/12-days-before-08-crash-congress-was-secretly-told-to-sell-off-their-stocks/

The Lost Science of Money – Wars Are Won By Bankers, Not Armies

The Most Revolutionary Act

The Lost Science of Money: The Mythology of Money – The Story of Power

by Stephen Zarlinga

American Monetary Institute (2002)

Book Review

This book, by co-author of Congressman Dennis Kucinich’s HR 2990 to abolish the Federal Reserve (see HR2990: Historic Bill to Abolish the Federal Reserve), is one of the most amazing books I’ve ever read. At 775 pages, the lowest price I could find for a used copy was $225 from Alibris. Fortunately it’s also available in PDF format at Lost Science of Money

It’s clear from Zarlenga’s extensive documentation and footnotes that the research for this book took decades. He essentially rewrites western history dating back to the ancient Sumerians. His goal is to expose and correct all the distortions and myths introduced into official history historians in the pay of merchants and bankers. Both are fiercely committed to perpetuating our current global monetary system in…

View original post 616 more words

$2.3 mill for a banker’s advice on selling our State houses? See what else your Govt (corporation) has spent your tax money on Kiwis

Thanks to Phil Yorke for this well researched information. (For interest, I have added news links & images to some of the info, you can google any others for yourself).

“While this Government won’t do a thing to fix our housing crisis, (other than paying for beneficiaries to live in short term motels at a cost of $22 million in 7 months) we are blowing $53m to build a pavilion in Dubai to try and help the dairy industry whose product is currently polluting our rivers. Here is a refresh on what the National Govt thinks is more important than the citizens of New Zealand.

Ok, so over the last eight years what have John Key and the National Govt with the help of their supporters club (IE Maori Party, Act and Dunne) really done for the people of New Zealand?

Featured Image -- 17975

Panama Papers, tax havens , blind trusts, out of control immigration, the under funding of hospitals, schools and all other social services of New Zealand under the guise of privatisation.

New Zealanders unable to buy there own homes, 305,000 children and their families in poverty and rising,
Over 42,000 People homeless and on the rise,
New Zealanders living in cars – garages – sheds – caravans.

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42,000 Kiwis homeless & living in garages, cars, sheds & caravans

Granting of permits for the exploration of oil and gas in our marine sanctuaries, the selling of nearly all of New Zealand’s assets, overseas investors buying up Housing – farms – islands etc of New Zealand, Saudi sheep farmer bribes, New Zealand in over $111 billion international debt, continued broken promises including the Pike River tragedy and many others to the people of New Zealand.
A water contamination crisis,
Importation of cheap steel from China,

Tppa costs we know of;  Foreign Affairs & Trade Ministry spent over $4M on travel, several ministries were involved. This excludes Grosser’s and McLay’s costs for accommodation, meals, taxis. John Campbell suggests this is only a fraction of the costs as the OIA only gave a few of the costs. $900,000 accommodation, $800,000 meals plus taxis etc. No costs are available for any other Ministry and these are only part costs for Tim Grosser’s Ministry.

I have compiled a small list researched from Newspapers and other media outlets, including Parliament TV, of what John Key and this National Govt believe are priorities over the people of New Zealand.

$260,000 Digital sign inside MBIE (Ministry of Business Innovation & Employment)
$70,000 for a sign outside MBIE.
$380,000 new furniture for MBIE.
$140,000 sundeck for MBIE.
$24,000 fridge for MBIE.
$400 for hair straighteners for MBIE.
$78,000 two doors for parliament.
$363,000 for govt agencies to watch sky tv.
$4000 for a sign for Steven Joyce opening MBIE new building.
MBIE spent $38.9 million on external contractors and consultants
$4000 for a sign Paula Bennett’s office.
$600,000 spent on flowers by National.
$1200 taxi fares.
$4000 a night in hotels.
$80,000 for Grosser’s party in Washington
$17 million paid to a US yacht club.
$11 million paid to a Saudi sheep farmer.
$30 million tax cut for Warner bros.
$30 million tax cut for Rio Tinto.
$6 Billion NOT paid By National in to NZ super fund as part of Govt’s contribution SINCE 2008.
$4 billion tax taken from New Zealand’s super fund.
$200 million invested and lost by our superfund in an overseas bank that was under investigation for fraud before the money was invested.
$2.3 million paid to a banker to give advice to HNZ on how to sell HNZ homes.
Taxpayer paying for beneficiaries to live in short term motels at a cost of $22 million in 7 months.
$700,000 in legal fees fighting a compensation case over abuse that happened in state care.
$45 million bail out media works.
$29 million Social bond program.
$45 million Nova pay.
$27 million paid for a flag referendum that 67% of New Zealanders did not want.
$1.7 Billion bail out SCF.
$200 million lost from buying junk carbon credits.
$6.2 million spent by National for a apartment for one in Hawaii.
$11 million spent by National for an apartment for one in New York.

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The $11 mill apartment purchased by the NZ Govt in New York for UN representative      Photo Credit: Stuff.co.nz

$86 million to produce new currency that is uncounterfeitable… which has been counterfeited!
$20 Billion NZDF.
$6.4 million spent for new BMWs for ministers.
Ever wondered what happened to asset sale money? That’s despite Finance Minister Bill English promising in 2011 that all revenue from the sales would be put in a Future Investment Fund to pay for “schools, hospitals, roads, rail and public transport”. Money used from asset sales … one big ticket item is our membership to the Asian Infrastructure Investment Bank which was funded as part of this year’s Budget and came in at a cost of $144M.
Another bank membership has also been paid for out of the fund. In 2014, the fund was used to pay $23 million for a subscription to the World Bank.
Computer programme for ministers.
Some of the cash was also splashed on the Prime Minister and Cabinet with investment into a document management project, Cabinet, which received $2.6M in 2012 and a further $1.8M in 2014 — a total of $4.4M.
Doing up Government House

In all, $500,000 was also allocated to the Prime Minister and Cabinet to be spent on a new Visitor Centre at Government House in 2012.

This is just a small part of the total failure of this National Govt in its responsibilities to the citizens of New Zealand and would be called corruption in other countries,

Researched by Phil Yorke
EnvirowatchRangitikei

Key’s true legacy & the farce of his knighthood

Key’s recent knighthood is a clear illustration and reminder of just how corrupt our govt/corp really is. To honour a man under whose watch we’ve descended to 41K homeless, and 3rd highest in child poverty in the world’s developed nations, who is very happy to tax himself & his ilk 2.8% while those in the poverty stats are taxed a whole 28% nearly a third of their income … all makes a hollow farce of the knighthoods in my opinion. Shame on John Key & shame on the pretend NZ govt (that is really a corporation) that honours such rogues. And if you don’t think Enzed’s corrupt as, read this:

17620313_437109669968945_1280417952120968965_o

You will find this barrister on facebook, consider connecting with him and finding out more truth on this corrupt nation.

And as for honouring former Mayor Duffy, under whose watch we in the Horowhenua heard whistleblowers telling us how he coerced councillors to vote as ‘expected’, and who displays total disrespect for tangata whenua (see our Local Gov Watch pages / Horowhenua for more info on those issues). Such is the rot now in our once democratic nation. Wake up folks & see what’s really happening.

We were reminded not so long ago by the Greens of Key’s real legacy.

“Your desperate, lumbering, grasping attempt at building a legacy with a flag won’t mask the realities.

Hungry kids up
Inequality up
Pollution up
Debt up
Housing costs up
Electricity costs up
Foreign ownership up
Corruption up

Once you may have been a national leader but now you look like just a National Party leader.” READ MORE of transcript or watch the video.

John-Key-Swimming-Pool-Metro-2006And not so long ago UNICEF declared we were third on the list for highest child poverty in the developed world. If you go to their website they’re actually pondering on how to solve this!! And the powers that be have just honoured the leader under whose watch this has developed! Join the dots people. This is not normal. It’s not right. And they are wanting you to honour Key right along with them, in the hope you won’t notice it’s not right.

tom scott dom post today date is 4 may 16


 

See Bryan Bruce’s recent post featuring this news article:

18 Month Old Julia, the innocent face of modern NZ’s Brutal, archaic boarding houses

Bruce comments:

“A car, a garage, a motel room or boarding house is not a home.
No child should grow up in one.
Please make housing a priority when you cast your vote this year.”

Watch Bruce’s award winning documentary to remind you how this state of affairs developed. No, not the result of lazy parents (those ones who are taxed 28% if they manage to find a job, and another 33% if they should manage to find a second job as many do – while corporations pay almost no tax) … it is a faulty neo lib economic set up that never intended for those aforementioned parents to win. Trickle down is a scam.

Finally (and there are actually more issues I haven’t touched on like NZ’s very high suicide rate) – with our 41K homeless, a reminder that in Auckland 33K homes sit empty, owned by people who don’t even live here, while the Nats have been hocking off all the 15541907_1166773550086274_2314970506684602516_nState Homes our predecessors built with blood sweat and tears after the bankers wars they fought in. The rationale for selling has been to pay off debt, whilst, as Bryan Bruce points out in our article links above, the Housing Corporation was operating at a profit. These people lie to us without even blinking.

So Key has a knighthood that in my opinion means absolutely nothing, in fact it is a damning reflection on the state of our once democratic nation that is now wholly sold out to the banking fraternity that is slowly but surely entwining the entire planet into its plan of global governance aka new world order, aka Agenda 21/2030 that really aims to inventory and control all land and resources on the planet. And it’s right on track.

 

Thanks to Stop Immigration New Zealand. Population Growth Without Economic Wealth. for the following statistics:

(Reference; Treasury data between 2008-2016 Statistics NZ data 2008-2016 Reserve Bank data 2008-2016 Auckland City pollution data 2008-2016 Wellington City pollution records 2008-2016 Queenstown City Council records 2008-2016 )
————–
Between 2008- 2016:
*The greatest increase in Population In NZ’s history. from 4.2 million in 2008 to 4.7 million today (500,000 people )
*Mortgage debt res $247.5 billion record high, 28 % increase in last 5 years
*Consumer debt $ 15.4 billion, 16 % increase in last 5 years
*Business debt, $91.34 billion
*Agriculture debt, $59.42 billion, record high
*Govt debt $ 112 billion Nov 2016
( all figures from Statistics NZ, Reserve Bank, Treasury)
—————
* 500 000 extra people over the last 8 years, not one new hospital and the longest elective surgery wait lists in years.
* Between2008-2015 no extra funding for Police. Fewer Police per capita pre-Key to post- Key
* 36 million dollars taken out of DOC’s budget ( 2015 ) to pay for the costs of Immigration.
* Massive blowout in Corrections budget to pay for Prisons, 40 million dollars.
* Massive growth costs in Roading, Schooling, Health, Pensions, and Government Bureaucracy.
* More competition for our Fisheries.
* More demand /competition for our fresh water resources.
*More vehicles registered than ever in our history, over an 8 year period.
* Record environmental damage ( air pollution, landfill waste )recorded by councils in a number of main centres. Auckland, Wellington, Hamilton Queenstown.
* Enormous congestion problems now encountered in some of the main centres.
————————–

CONFIRMED. Loans, Mortgages are created out of thin air by the Banks, & YOU pay interest on them Kiwis … from NZ’s Seven Sharp

We’ve posted this before but it always bears repeating every so often. A reminder of your need to research everything. Research the Rothschild banking system. The City of London. The New World Order (that isn’t conspiracy it’s been talked about regularly by various world ‘leaders’). Check out our Money Trail & Banking pages at the main menu.
EnvirowatchRangitikei

Published on Sep 23, 2013

This stunning news clip from New Zealand TV station ‘Seven Sharp’ confirms the revelations shared by ‘The Money Masters’ and other such pioneering thinkers and researchers who have long sought to bring forward the truth about how money works. The is as stunning as it is simple: whenever you apply for a loan or a mortgage THE BANK YOU APPLIED TO CREATES THE MONEY OUT OF NOTHING. It is not lent to you from the banks’ holdings, it is not borrowed from other accounts. It simply is entered into a bank account digitally and from that day forth you are contractually responsible for paying back the created money PLUS all the interest that accrues. This fiat currency is destroying the confidence, trust, and agreements that we hold with one another and with merchants on a daily basis by corrupting the medium of exchange that we all collectively agree to use.

Many will go on to expound the details of promissory notes, double entry bookkeeping and all sorts of other confusing details, but it is essential that this video or the source for it at Seven Sharp should be shared with every one you know. Please, take 5 minutes now to share this video and explain why it is so important that everyone knows that the banks are hoodwinking the people and it does not need to be this way any more. For more on how we can achieve a fair financial policy of interest-free currency, see the Writ of Mandamus article here

From Russ Mcgarry – YT Channel: “The banks have lied, under common law, all contracts must have transparency, must have full disclosure,and last but not least,equal consideration,,,, please check out ,, getoutofdebtfree on google, great site, great people, great information, peace.”