Global poverty - the greatest killer of allWritten by Doctor Edward C Hamlyn MBChB
As Nelson Mandela told an audience of 20,000 people in Trafalgar Square, poverty is a man made condition, it does not occur in nature.And he also told us that global poverty will become history when we stop creating it. How do we create global poverty? We target poor people, poor nations for credit laundering. We use people, who are poorest in world and entice them into accepting aid in form of credit. These poor people must then get even poorer, by attempted to turn credit into money for greater glory of bankers. There is an infinite supply of credit, because credit is manufactured out of thin air. The trick is to say that credit is backed by huge assets. Assets which give security to recipient of aid, by telling them that money exists somewhere, is some form or another, with which they cannot be trusted, in case they default on loan. But they are led to believe that credit gives them access to real money. It is not mentioned that even richest countries in world are hopelessly in debt and that there is no real money left to lend to anyone. But "Credit is Okay, don't worry". The instant that credit is accepted as a loan, international law declares that borrower now owes money and must pay bankers interest, until loan is redeemed with real money. Of course that can never happen, borrower would have to borrow even more money to redeem his debts. But poor poverty stricken people, who have accepted credit as a loan of money, must pay interest or face even worse conditions. They are forced to grow food and produce cheap goods, both for sale in an overcrowded global market and starve in process. This trick of getting poor people, to launder credit to create money for bankers is not seen for what it is by anyone. Not even by Nelson Mandela. Nevertheless Mandela knew that poverty is actively created and suggested wiping out all debts and giving poor a clean slate. Unfortunately all that achieves in practice, is a stroke of a bankers pen, crossing off debt, but there is no attempt to stop more aid being given as credit without a pause. The name of game is to get credit accepted as a loan of money and interest rolling in.
| | Credit Report Disaster Through Mistaken IdentityWritten by Don Bethune
I've got some very important info I want you to think very seriously about. I'm sure by now you've heard of Identity Theft,...heck you may have even been affected by it. I know many of my friends have.But how about what may potentially be even a more dangerous threat......."Mistaken Identity". That's right, "Mistaken Identity"! Throughout my career in lending, absolute biggest problem that I've seen clients encounter when applying for a loan, is someone else's derogatory information showing up on their credit report! You would not believe nightmare I've seen clients go through, when they realized someone else's bad credit history was showing up on their report, causing them to be declined for loan should have easily qualified for. Little did they know that everytime someone on other side of town made a late payment, or decided not to pay at all, another black mark was being added to their credit report! Believe it or not, I've even seen one specific case where "Mistaken Credit Identity" forced someone into bankruptcy! That's right, a lady came to me wanting to apply for a new home loan. Unfortunately she had recently lost her job, her bills were starting to pile up, and her reserves were running low. Luckily, or though she thought, she had plenty of equity in her home that she could access through a home equity loan, to pad her bank account and give her plenty of breathing room until she landed a new job. To her shock and dismay, I pulled her credit report and informed her that she did not qualify for loan. She was in disbelief. "I've never had a late payment in my life"! she exclaimed. I told her her credit score and began listing off multiple derogatory entries that were listed. She couldn't believe what she was hearing. How could this happen?
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