Discover and read the best of Twitter Threads about #BANKS

Most recents (21)

*THE WAGES OF THE IGNORANT*

They increased VAT from 5% to 7.2 % e no reach , now they come put charges on your money saved in the banks such as - 2% charges on Savings, 3% Charges on withdrawal and other existing charges like Monthly charges, SMS, transfer charges, ATM
maintenance, etc wey no reach again, Watch out for the next policy while you do that my brother and sister the ignorant will always pay to the wise unless he becomes informed.
You may not know that these financial institutions are in accord to drain you.

It's time to take
yourself and generation out of this bondage and the time is now.

*How can I do that?*
*What should I do ?*
*Are those one of your questions?*

_Well let me tell you for *FREE* , start by investing in assets that has tax advantages so you don't continue to work while the
Read 6 tweets
1/: @bharatpeindia is bringing millions of small merchants on to the #digital payments ecosystem for the first time. Their goal: to become the largest enabler of free offline #payments and provide a one-stop platform for all #financial commerce solutions.
2/: Through a unique 30 second on-boarding process, @bharatpeindia has already reached a 1.7 Mn user base. 4 Mn+ #merchants will be using the platform by FY 2020.
3/: There are 50 Mn merchants in India, a vast majority of whom are underserved by #banks and #NBFCs. The credit gap in the market is ~$400b. This is the opportunity the company is going after.
Read 6 tweets
My 140 favorite quotes from The Ethics of Money Production (2008), by Jörg Guido Hülsmann
1. #Money is omnipresent in modern life, yet the production of money does not seem to warrant any moral assessment”. J.G.Hülsmann
2. “To be sure, central bank representatives are lecturing the public on the importance of business #ethics; but their concerns do not seem to apply to themselves”. J.G.Hülsmann
Read 142 tweets
1/ AT ONE TIME, EVERY PIECE OF #PAPER MONEY WAS BACKED BY #GOLD. REMEMBER… FOR EVERY 20 DOLLAR BILL… THERE WAS $20 WORTH OF GOLD IN A #GOVERNMENT VAULT. NOT ANYMORE.

TODAY, GOVERNMENTS CREATE #CURRENCY BY FIRST CREATING BONDS OR TREASURY-BILLS.
2/
THESE #BONDS ARE SOLD IN THE #MARKET… GENERATING FUNDS FOR THE GOVERNMENT THAT ISSUED THEM.

LARGE #BANKS BUY U.S. BONDS TO FLIP THEM… SELLING THEM TO THE #FEDERAL RESERVE AT A PROFIT -- THIS IS THE MAGIC MONEY MACHINE. #FED
3/ YOU SEE… THE FED IS AMERICA’S #CENTRALBANK. BUT IT DOESN’T HAVE ANY MONEY, NO #CASH ON ITS BALANCE SHEETS.

WHEN A BANK BUYS A BOND AND TAKES IT TO THE FEDERAL RESERVE, THE FED SIMPLY SAYS “THANK YOU MR. BANKER, HERE’S THE PRINCIPAL AND SOME #PROFIT.”
Read 12 tweets
Some Points for Physical letter which we can send to @FinMinIndia Sir @NischalShetty but i don't think its gonna be a Main Points for Letter, it just my Opinion.

#IndiaWantsCrypto
1. First of all #bitcoin & other #Crypto has Monetary no value if it will not Trade against #Fiat its like Stock Market Shares So, They need to understand their Own power rather than thinking about #Crypto will kill #Fiat & #Banks.
#IndiaWantsCrypto
2. Declare #Crypto as a Global #Commodity with following all guidelines of #FATF & #Sebi. Collaborate with other Nations & Give Licensing to all Indian Exchanges for work and AML, KYC policies. @Facebook @ICE_Markets @Nasdaq @CMEGroup @ING_news @Samsung @Microsoft working on it .
Read 10 tweets
1/ The Senate Banking Comm staff reached out last week regarding @Facebook @Libra pursuant to my @ForbesCrypto article. During a conf call they indicated interest in receiving formal testimony from me. Here it is + summary follows 👇: forbes.com/sites/caitlinl… @DoWithCare
2/ Big takeaway--politicians that weaponize the US banking system (blocking access to disfavored industries/countries) are modern-day Herbert Hoovers bc these barriers block both unlawful & LAWFUL commerce, & these barriers caused the invention of #stablecoins in the first place.
3/ (OK, I didn't actually call them modern-day Herbert Hoovers the testimony, but I digress...) If Congress isn't happy about @facebook @Libra, it can immediately make #stablecoins irrelevant by letting #banks bank the #crypto industry (& I give v specific recommendations here:
Read 19 tweets
💰Banks, Farage, Bannon & Trump

Banks’s affairs have also fallen under scrutiny outside the U.K. Banks, Wigmore, and Farage came to public attention in the U.S. shortly after the 2016 elections.
#Brexit #2016Election
newyorker.com/magazine/2019/…
🔑In London, few days after they were photographed with Trump outside of Trump Tower Banks and Wigmore again met with Yakovenko the Russian Ambassador, detailing their meeting with Trump & passing on contact info for members of Trump’s transition team.
newyorker.com/magazine/2019/…
🔑Yakovenko was expelled from the US as a Soviet spy in 1986.
Read 25 tweets
💰Arron Banks - STM Fidecs Ltd

STM Fidecs Ltd was the first to register Leave.EU as a wholly owned subsidiary. Its ownership then passed to Banks.
theguardian.com/politics/2015/…
🔑Banks was previously a “substantial” shareholder in the firm’s parent company.

📌And the Panama Papers give further details of Banks’s offshore interests. He is listed as a shareholder of PRI Holdings, together with two other people.
theguardian.com/world/2016/oct…
One of them is Elizabeth Bilney, the chief executive of Leave.EU. Documents show Banks owns 25,500 shares in the firm, and Bilney 12,250.
theguardian.com/world/2016/oct…
Read 44 tweets
💰Arron Banks - Panama Papers

Offshore secrets of Brexit backer Arron Banks revealed in Panama Papers
The British Virgin Islands and Gibraltar emerge as key locations in the affairs of Arron Banks, who spent £7.5m funding Nigel Farage’s Leave.EU campaign group ahead of the Brexit referendum on 23 June.
theguardian.com/world/2016/oct…
The Panama Papers show that Banks is a shareholder of PRI Holdings Limited, which Panamanian-based Mossack Fonseca set up as an offshore company in 2013.
PRI Holdings is based in the British Virgin Islands (BVI), a UK offshore territory & int’l tax haven.
theguardian.com/world/2016/oct…
Read 49 tweets
💰FBME Bank 👉🏼Cyprus👉🏼Russia
👉🏼Aaron Banks 👉🏼Trump👉🏼Manafort

Ongoing Probe:

"Money laundering, terrorist financing, transnational organized crime, fraud schemes, sanctions evasion, weapons proliferation, corruption by politically exposed persons, & other financial crimes”.
Officers from the NCA, in collaboration with MI5 and US intelligence agencies, are examining previously undisclosed links between Aaron Banks and Russia, amid fears Moscow may have played a potentially sinister role in the #Brexit referendum. #AaronBanks
thetimes.co.uk/article/more-m…
May 2019 Cypriot police raided the premises of FBME Bank in Nicosia and in Limassol, looking for evidence of money laundering
occrp.org/en/daily/9851-…
Read 47 tweets
‼️VoteLeave: Electoral Fraud?

VoteLeave, the official referendum campaign that was partly funded with taxpayers’ money, looks to have committed what may be one of the biggest incidents of electoral fraud in Britain in more than a century
amp.theguardian.com/politics/2018/…
Compelling evidence provided by Shahmir Sanni, a Vote Leave whistleblower, Gavin Millar, a QC at Matrix Chambers, an expert in electoral law, told us that this was of a scale and seriousness that simply hasn’t been seen in Britain in modern times.
amp.theguardian.com/politics/2018/…
📌The investigation into VoteLeave is just one of a number of ongoing inquiries into potential crimes.

Many of which were facilitated by new technology.

👉🏼Facebook. Because – and this is the key point – this is an election that took place in darkness.
amp.theguardian.com/politics/2018/…
Read 19 tweets
1/ FIRST ANALYSIS of @facebook's #Libra: Facebook completely misunderstands money. 🤣😩 Facebook understands payment systems--but that's not the same as money. Two telling quotes: "Libra is backed by a reserve of real assets." "Many cryptocurrencies today (eg #Bitcoin & #Ether...
2/ ...have no underlying assets to back them." Money is a good that serves as an HONEST LEDGER--it doesn't need to have intrinsic value because it attains value by people trusting it to be an HONEST LEDGER. Money is just a bookkeeping system--not all bookkeeping systems are money
3/ ...yet @facebook throws gobbledygook at us by asserting #Libra has value because it's backed by "bank deposits & short-term govt securities." 🤣 Well, at least it appears Facebook doesn't have plans (yet) to engage in fractional-reserve banking with Libra Reserve's assets...
Read 16 tweets
Great talk by @martinwolf_ at the 46th Economics Conference @oenb @suerf_org on escaping the #trap: secular #stagnation, monetary #policy and financial fragility
Before the outbreak of the global financial crisis @martinwolf_ saw himself as an orthodox economist - now suggests to read Minsky, Godley et al.
'Everything depends on everything else' - eternal truth by @martinwolf_
Read 9 tweets
#HongKong: Pressure on the #USD - #HKD peg is mounting. The rising #US interest rates have put enormous pressure on the HKD peg. This has depleted Hong Kong's excess FX reserves.
#HongKong has FX Reserves of $438bn (March 2019) plus another $6.9bn from the HKMA Exchange Fund which is there to stabilize the #HKD peg. Looking at the HKMA Exchange fund it is clear that money has been leaving HK. Since 2016 the fund has gone from $55bn to $7bn.
#HongKong M2 is currently 1,8 trillion USD. However, the total FX Reserves / M2 are only at 24%.
Read 8 tweets
Ah, the #EuropeanParliamentElection knocks at the door! Let’s see who is #campaigning for what…In #Italy, a #rightwingcoalition calls for a #guaranteedincome, #largerpensions, and resistance to the heavy-handed #austerityprograms enforced by the #EuropeanUnion.
In #France, some #rightwinggroups champion #fight against #climatechange, decry #exploitation of #foreignworkers, growing #economicinequality. What about the #centerright and #centerleft parties? #Polls show they will lose their #majority, and the Euroskeptics bag 30+% of seats.
However, #Euroskeptic, like #populist, is a term that obscures more than it reveals. #Spain’s leftist #Podemos isn’t likely to break bread with #Italy’s rightist #NorthernLeague-#M5S, but both are considered #Euroskeptic. Some are really #wolves but wear #sheepskins.
Read 18 tweets
Here's a thread on banks becoming tech companies, vice versa and a few other permutations. #fintech #APIs #Banks
If banks start thinking of their C&I groups as B2B tech providers - including to their own retail/consumer banking units, the business case is there. They provide the tech infrastructure (via APIs) to companies creating great consumer experiences
Read 14 tweets
The landmark #SacharCommittee report that collected & analysed data on the social,economic & educational status of Muslims in India is now available in our resource section. Specifically,it tried to gauge if & why Muslims are under-represented in govt departments & other spheres.
Here are some of its findings. ruralindiaonline.org/resources/soci…
The 2001 Census showed that #literacy rates were low among Muslims, Scheduled Castes and Scheduled Tribes.
The perception that religious conservatism among Muslims is a major factor for not accessing #education is incorrect. As with many Indians, the main reason for ‘educational backwardness’ of Muslims is abject poverty, which forces many children to drop out of school.
Read 15 tweets
As you (probably don't) know, I do every year an analysis of the #NPL of EU #banks and the trends that appear in the EBA Transparency data (the only consistent dataset on EU banks.) Again this year the results are very interesting.
1/n
First of all an important disclaimer: this is *not* investment advice, i could be totally wrong and please don't rely on anything I say. 2/n
this being said, the most striking thing in the data is that THE BIG DELEVERAGING IS OVER. Yes, banks are lending again. Here's a scatter plot showing the size of the loan books 2018 (y-axis) vs 2017 (x-axis): pretty uniform and healthy growth across the board. 3/n
Read 16 tweets
@HenPsych
@JonnyBones
@charlie_dover
@ryfii
@Kendahl_TWC
@julian87m
@FrankyBoi_12
@TannerFeasel
@d_ast777
@JasonWardNY
@KyleLowder22
@VanessaHudgens
@nursechikdiva12
"Excuse me everyone for tagging you.  I am reaching out to many as possible in re: to "wildfires in California.
The recent "wildfires" in Paradise, California 1000's of people died and 30,000 + homes destroyed. What most people don't know the "wildfires" are man-made. I will provide clips, links of evidence, what we're up against and a solution. The mainstream media has been downplaying...
...on the "wildfires" to keep us all ignorant for not knowing the truth.  This is a 4  part thread." 
#ChristmasEve
#Paradisefire
#SantaRosa
Read 99 tweets
💧Deluge💧

Big Picture TOC:

‘The whole mess of RU hacking, CA, the Trump & Leave Campaigns was not only a coup but an unprecedented shorting of the market through mass manipulation of the electorate w/ the aim of controlling not only geopolitics but the financial markets too’
💧Deluge2💧

Mueller’s RU probe will reach a “wild” level over the next couple of months, said Mark Warner

Court docs allegeTrump SoHo condominiums in the building were purchased using funds linked to a massive fraud case in the former Soviet republic of Kazakhstan.
💧Deluge3💧

Mueller nabs E. Prince's phones, computer & is said to be cooperating.

What does the British gov’t know about 45 & RU? Quite a lot, actually!

For the UK the choice over whether to back Mueller & the rule of law or the thug Putin & TOC, the choice is a no brainer.
Read 67 tweets
💸💰Dünyada para sisteminin nasıl çalışır, bunu bilmeden kölelik sistemini anlayamaz ve gerçeği idrak edemezsiniz. Şimdi dilimiz döndüğünce bu konuyu irdelemeye çalışalım.

🔻#Flood🔻

Hayirli Cumalar
1-Basit bir soru ile başlayalım:
Para nedir?
Para = Emek + Zaman = Özgürlük
Yani para, özgürlüğünüzü cebinizde taşımanızı sağlayan bir araçtır.
Çünkü paranın içinde, harcadığınız emeği ve zamanı depolar, sonra da onunla başkalarınınkini satın alabilirsiniz.
2-Paranızı sizden haksız biçimde ve sürekli olarak alan birileri varsa, bunun doğurduğu kesin sonuç sizin bir KÖLE, paranızı alanın da EFENDİ'niz olduğudur. Bu iş hükümetler ve merkez bankalarının beraber kurdukları bir tezgahla yapılır.
Read 20 tweets

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