Tuesday, October 1, 2013

Why Are Republican Controlled Banks Intentionally Cheating Depositors?

<> Is it illegal or considered an excessive abuse of fiduciary responsibilities exercised by banking CEO’s who willingly rake in record breaking profits while distributing record low interest or dividend payments to depositors? <>

A reasonable, impartial person would say absolutely, and as an individual who is fortunate enough to own a savings account with a local bank, I am furious - In case you’re a little too busy or pre-occupied with the minor, insignificant yet essential chores in life such as working hard, nurturing, teaching, and humanely schooling the children, or possibly even exercising caregiver duties for an elderly parent or relative, a generous task I’m sure Mitt Romney and Rush Limbaugh perform religiously as they journey from nursing home to nursing home with rectal thermometer and gold plated bed pan in hand, you’re probably not privileged enough to possess the discretionary time it takes to educate yourself in an effort to stay abreast of “In Your Face” high finance trickery that is actively occurring right now in the banking industry. Blatant trickery which results in a major detriment to the average American‘s financial situation. Your accounts are absolutely and unequivocally being pillaged, and siphoned profusely in indiscriminate fashion to the screeching tune of trillions while conservative leaning financial Wall Street Barons are joyfully lining gold plated commodes for maximum “Shine“ effect with the ill-gotten proceeds.




Unfortunately, cheating the unsuspecting or gullible public historically is an all too common scenario which is practiced with regularity. A routine scheme that targets the masses which CEO’s of said industry as a collective group, unapologetically welcome, encourage, and silently condone behind closed doors in their private round table meetings. The average American is learned in the fine art of filing or deburring a rough piece of metal to be fastened onto a bigger, useful product, but not necessarily experienced in the process of filing a juris prudence worthy law suit per se to protect their inherent rights. Time for you, the average American consumer to become enlightened, educated, and informed in regard to the aforementioned travesty of money manipulation perpetrated by Wall Street Swindlers. A chilling, devious, and inexcusable yet prosecutable injustice of the monetary persuasion for which if pursued through legal channels, could indeed result in a satisfactory conviction of the mass kind. Greedy Bankers and Wall Street Manipulators who use the United States and her massive wealth as an awaiting repository to farm their illegal “Scams & Schemes” could conceivably be escorted to prison where they truly belong.

With that said, if you are the proud owner of a traditional savings account, money market, checking, or CD, or even a non-FDIC insured annuity or quote unquote “Stable Fund Deposit” with an uninsured mutual fund company either domiciled as a stand alone or affixed within a 401K or IRA retirement plan, chances are extremely favorable that your hard earned cash is essentially snoozing idly by collecting nothing but a reddish brown rash on its green rear end from motionless inactivity for so long while the institution in which it is domiciled, is raking in the lions share of monetary benefits at your expense. So what else is new here in the greed driven mother of all capitalistic societies called the U.S. of A? We live in a great country so please don’t misunderstand my sentiment, however the financial and business industries have carved a crystal clear precedent of intentionally infiltrating and consciously exploiting this land with mal-intent to harvest personal profit and gain are severely under-regulated. Ponder this for a moment - Would you as lender ever knowingly front a perfect stranger money for say a home loan only to collect a mere .5% in return? Perhaps a tad too much risk for such an anemic inflation absorbing profit wouldn’t you say? Well, believe it or not, that’s exactly what you are doing inadvertently if indeed you are the proud owner of a savings, CD, or checking account with a primary address located at any given bank or financial institution anywhere in the U.S. - Even though your deposit is FDIC insured in most cases, the return you receive for acting as intermediary silent lender is still the equivalent of a slap in your grotesquely ignorant and generous face.






Time to get loud & noticed. Time to expose these greed driven anti-establishment bankers for what they truly are, the equivalent of modern day pirates, thieves, and yes, dare I speak the truth by insinuating a fitting moniker such as “Unscrupulous Monetary Rapists“. As if this is a new revelation? Once upon a time, skimpy profits or even major loses primarily due to shoddy management and not necessarily progress impeding economic headwinds as some execs would have you believe, might have been a legitimate and justifiable excuse in some cases for the subsequent distribution of such a puny interest rate payout to depositors. But those days are gone at least for the foreseeable future, with record profits racked up almost daily for several consecutive years by several banks and financial institutions, combined with a rock solid Real Estate Market, at least that’s the case here on the west coast, it’s time to immediately start paying out an appropriate, fair, and reasonable rate of interest return to all depositors regardless of financial stature instead of merely greasing the wheels of a select few inside partners, associates, and cohorts. Where is the outrage and follow through by working Americans? My belief is that enlightenment which can be found within the confines of brief insightful pieces such as these which are designed exclusively to educate the ignorant, will eventually empower and guide readers to the point of confronting their local bank representatives and demanding a fair payout for hard earned deposits verses the current kick in the teeth painfully received without even the slightest prick of novocain to mitigate the sickening ill-effects of a chronic case of MONETARY ANEMIA <>

<> Case File - In the early 2000’s most banks were netting a fraction of the profit they are today yet interest on savings paid to depositors averaged roughly .5 to 7% respectively verses a laughable .5% to 1% today - Why?



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