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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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Banking Is Finally Being Exposed For What It Is! Corporate Robbery

Posted by on in BANKSTERS
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“The issue that has swept down the centuries and must be fought sooner or later is, The People versus The Banks.”

(Lord Acton John Emerich Edward Dalberg Acton (1834-1902) First Baron Acton of Aldenham.)

 And another...

Sir Josiah Stamp, president of the Bank of England and the second richest man in Britain in the 1920's, said the following during a speech at the University of Texas in 1927.

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin. Bankers own the earth. Take it away from them but leave them the power to create money, and with a flick of a pen, they will create enough money to buy it back again. Take this great power away from them and all great fortunes like mine will disappear, and they should, for then this would be a better and happier world to live in. But if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.” –

Dear BFCSA Members:  The question to ask ourselves is, "If not us, who is going to bring it to the attention of all Australians? If not now, When is ever going to be the right time, and how many more people have to lose their homes before we say, ENOUGH IS ENOUGH!?"

I am very proud to be a member of BFCSA and to be supporting Denise and the mission by blogging and leaving comments on all the excellent information that has been revealed and brought to the forefront in these pages.  However, I am also SHOCKED TO THE CORE every day when I read the stories about what people have been through, how they have been ripped off, cheated, lied to and generally treated with no respect and no understanding of the seriousness of this systemic issue.  SHOCKED!  And NOW I'm getting cranky!!!!

If I had a magic wand I would 1) Sack every single regulator who has ignored, rejected and denied the sickening problem the greedy self-serving bankers have created  2) Make the bank CEO's give back every single dollar they have been paid over the last five years, into a fund to develop housing for the homeless  and compel them to do community service for 24 months, working in soup kitchens and the like  3) Extinguish and forgive every residential mortgage in Australia (like Iceland has) so that people can feel secure, and have comfort that the basic right of shelter is not hanging like a sword over their heads  4) Enforce gaol sentences for bank and regulator executives who are found to be complicit in fraudulent loans and other white collar crimes against our nation 5) Put Australia back into the 'no debt' position we were in previously, so that we as a nation, let alone individuals, cannot be controlled by debt and therefore have a chain around our collective necks.  Treasurer Swan, you should also be ashamed of yourself!!!

Debt is evil and a curse and we have been trained to believe that this is the only way the world works and that without access to debt, we can have nothing and can do nothing.  This is simply NOT TRUE.  Ask your grandparents how THEY managed.  Google "how money works" and alternative money systems like a 'credit' system as opposed to a 'debt' system.  Check other options on Wikipedia like NESARA.  We need to start educating ourselves on the truth as it REALLY IS, not the *** we have been fed all these years... What are you teaching your children about money?  What attitudes are they learning from you about money management and financial intelligence and knowledge?  

Government involvement in RMBS's is just adding more insult to injury with the AOFM deliberating buying investments in our Promise to Pay (mortgages), as a way to raise capital!  How disgusting and underhand!!! I AM SICK OF BEING CHEATED, LIED TO AND TREATED LIKE AN IDIOT BY THOSE I ENTRUSTED WITH POWER, TO DO THE RIGHT THING.  THEY HAVE FAILED MISERABLY.  

In the recent words of Opposition Treasurer Joe Hockey, there is a "deficit of trust" within the community, that the community has been let down.  WHAT AN UNDERSTATEMENT!!!!!

I WANT A ROYAL COMMISSION INTO THE BANKING SECTOR AND I WANT IT NOW!!!  

 

 

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  • doyla66
    doyla66 Tuesday, 25 September 2012

    Well written. We too are among thousands of Australians absolutely disgusted by the way we have been treated by the corrupt banks, the useless regulators that refuse to take any action against the banks and who continually LIE to Parliament, & the politicians that are also too afraid to do anything. WE ARE NOT GOING TO TAKE THIS CRAP ANYMORE.

  • doyla66
    doyla66 Tuesday, 25 September 2012

    We totally agree also. Our lives are being ruined by this. May I suggest that all BFCSA members copy a send this letter to all Politicians.
    This corruption must stop - now!

  • doyla66
    doyla66 Tuesday, 25 September 2012

    I completely agree with you STM, and John and Carol. It's already way past ENOUGH IS ENOUGH IMHO when people are dying due to the stress and distress caused by scamming banks trying to enforce unenforceable contracts which no longer exist, and "trying it on" in other mindless sadistic scammer ways that are COMPLETELY inappropriate when dealing with the elderly, disabled and fragile who BANKS PREYED ON seeking more ways turn nice secure people with their own homes into shaking wrecks hanging on for dear life to whatever they have left, all in the name of STINKING BANK PROFIT. May the Banks and their evil masters ROT IN HELL AND DIE at Her Majesty's Pleasure for what they have done to defenseless decent Australians and unsuspecting hardworking Aussie families. We will NEVER forget your cruelty to your fellow Australians, NEVER. And the same applies to the gutless wonders that populate the regulators' offices. If any Australian politicians would like to continue to throw their allegiance behind the Australian Banking and lending mob they can join them as well. Send them to a Detention Centre on Christmas Island for a year and see if they're ready for rehabilitation after that. I'm not nice to bastards, especially serial offenders.

    ROYAL COMMISSION INTO BANKING - WIDE TERMS OF REFERENCE - NOW!!

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