EU About To Grant US Unlimited Access To Banking Data

An anonymous reader points out a blog post reporting that on Monday The EU Council is set to give US intelligence services full access to SWIFT banking data, despite a unanimous call by the European Parliament not to do so. "The move of SWIFT the data server to Switzerland would be an excellent opportunity to stop the nearly unlimited access of US authorities on EU bank transactions. But EU justice and interior ministers are apparently keen [on agreeing to] a deal as soon as possible, on 30 November. Why 30 November? Because one day later, on 1 December 2009, the EU’s Lisbon Treaty will be in force and would allow the European Parliament to play a major role in the negotiations of the deal with the US. A deal one day before will be a slap in the face to democracy in the EU. ... [W]hile the US will be able to access EU banking data, no access to US banking data by EU [authorities] is being foreseen."

Comments

Protip: Avoid banks at all cost!

[Hurricane78]

I had more than one banking professional tell me, that if you want to have your money well handled, you should avoid using banks at all.

Every time you put money on one of their accounts, they can lend out ten times that amount (yes, that’s it fact imaginary money) to other people at a interest. If you use one of their funds or something like that, it’s even worse, since they take most of it, but if it goes bad, you pay for most of it.

And when you lend money... well the method goes like this: Take an example economy 100 people. Now lend all 100 people 100 dollar at 1% interest. Then they have to pay it back at the end. But they still will only have 100 times 100 dollar. So for 99 to pay the 101 dollar back, one of them has to go bankrupt. Because where would the money come from? All money you earn always comes from someone else in the economy. And he either also earned it from someone else in the same (global) economy, or he had to lend the above mentioned imaginary money from a bank. It’s futile. There is no way around one of them being fucked at the end.

But then, what is the point of a bank, if there is nothing left? Well... exactly.

The only idea that now may be left, is the easy transfer of money. Put it on an account, so another one can instantly draw it out again. This is what I’m doing right now.
And for lending money: Well, I go the old-fashioned way: I save up money that I get from earning more from working harder. It’s harder (and it should be hard), but at the end, whatever I get out from it, will be mine, mind and mine!

Now for the even worse part:
On top of all that... what is that green bill in your wallet? What is that “money”?
Well, if you look at it, it is the debt of someone else. You are literally holding a piece of debt in your hands.
It is not bound to any real thing with a real value. Like being a paper that says that you get X real physical gold pieces when turning it in at a bank.
In the EU it’s even worse. The “money” in not associated with anything anymore. Only the belief of people is giving that paper and worth.

Well, that can all be good and well, as you might say.
But now imagine, if that belief... or that credit... breaks down...
Then your one hundred trillion dollars can suddenly become worth just about one cent.

And funnily, this still can work. But in reality, there is a nice scheme if you yourself are the one printing the money: Just keep all your own money in gold. And then twist the value of the paper money at will, depending on who has more of it: If all the money is in their hands, let the money crash to worthlessness. And if it is in your hands, let it rise.
In essence this gets you work for free! If it costs twice as much work as the money was worth when they got it, to earn the money to pay you back, you got the work difference for free.
Rinse and repeat.

And you wondered why after the trillion dollar “bailout” flowing to the banks, the value of money suddenly rose, and why when the economy and life went upwards in the Clinton era, suddenly an election fraud brought people into power that created a big war for which they had to lend as much money as possible...?!?

The nice thing is: Banks and the federal reserve can only fuck with you, if you use their money!!
This is a bit hard in the real world, of course. ^^
But look at what the banks do. Do it, and do it better! Learn your stuff!
If they can profit from it, so can you!

One trick is to just always have as little “active”/paper money as possible. Always put it straight into real goods, gold/silver/$otherValueGainingOrStableResource or (if you are wealthy) houses, and similar stuff that can make you more money.