Posted by KH »
Add Comment »An educational 30 minutes cartoon worth watching for all adult. An adventure on banking not to be missed! This is probably the most important cartoon to watch for many of us.
http://www.youtube.com/watch?feature=player_embedded&v=JB1uDA_xTKw#!
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson, 3rd president of US (1743 – 1826)
“I care not what puppet is placed on the throne of England to rule the Empire, … The man that controls Britain’s money supply controls the British Empire. And I control the money supply.” – Baron Nathan Mayer Rothschild (1777-1836) London financier, one of the founders of the international Rothschild banking dynasty
Further Readings:
President Andrew Jackson: I killed the Bank
Assassination of President John F. Kennedy (Wikipedia)
IRS: Internal Revenue Service (Wikipedia)
Who owns the Federal Reserve Bank? (FactCheck.org)
Posted by KH »
Add Comment »The Federal Reserve on Wednesday announced they will further do people good by launching the fourth round of Quantitative Easing (“QE4”). They turbo-charged the printing press to run at speed of USD$45 billion a month.
^ Federal Reserve will continue to the economy until problem solve
That’s $85 billion a month
Previously, we have QE3 which open-endedly buys USD$40 billion a month worth of toxic mortgage backed securities. Having both QE3 and QE4 (USD$45 billion/month) running simultaneously, we have Fed flooding the market with USD$85 billion per month.
Running it for just a year will add USD$1.02 trillion of new debt onto its already massive USD$16 trillion national debt.
Only in USA, the “big brother” of all economy has this power to create money out from nothing.
To get out from a grave, stop digging
Fed Reserve is just doing the opposite. Big brother is trying to help US citizen from its graving enonomy by digging into more debt.
The following is the official press statement from Federal Reserve.
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Posted by KH »
Add Comment »In this article, I am going to illustrate to you how compounding interest works and how is it stealing your money at an exponentiation rate without you even knowing it.
What is Compounding Interest
Compounding interest means repeating the process of generating income on interest earn over a period of time.
For instance: RM100k principal cash into fix deposit for 20 years with an annual interest of 3%.
For the first year, your fix deposit will generating 3%. This will get you RM3,000 interest from your RM100,000 principle you initially put down. Upon maturity, renew contract again for another year but this time, instead of just RM100,000 – lay down RM103,000 (RM100,000 + interest generated from previous year) as principle.
By year two, you will have RM3,090 interest (RM103,000.00 X 3% = RM3,090). We have generated a noticeable amount of RM90 more in interest earned comparing to your first year. You now have RM106,090 (RM103,000 + RM3,090). Repeat the process of renewing your FD for the next 18 years.
So, how much will you be getting back? Give it a random estimate. Answer will be coming right up next!
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