Gold and Silver is Money - The banks have no rules now

Handcuffing regulators to GAAP or distorting GAAP to always fit the needs of regulators is inconsistent with the different purposes of financial reporting and prudential regulation, Mr. Herz said in the prepared text.

In other words the regulators, that make sure the public is protected from the banks, should not have any rules or guide lines. lol

Regulators should have the authority and appropriate flexibility they need to effectively regulate the banking system, he added. And, conversely, in instances in which the needs of regulators deviate from the informational requirements of investors, the reporting to investors should not be subordinated to the needs of regulators. To do so could degrade the financial information available to investors and reduce public trust and confidence in the capital markets.

In other words, investors want to hear only good news, so banks want to provide it to them via Creative Accounting Practices (CAP) aka lies, steeling or counterfeiting. LOL

If I where a bank I would think of a way to create debt that will never be paid back but the lender will always pay the interest (like the federal gov) and a huge kick back of the principle as a fee.

That is a simple scam but I am sure the bankers will think of more creative ways to create money without getting caught directly doing it.

ThemodernMystic showed me this story...
http://www.youtube.com/watch?v=zGFQWq1ZDRs

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Category:

Education

Tags:

• Money
• and
• dollar
• collapse.

[clearasvodka]

Unreal how corrupt they are. The evil bankers will do anything to keep control. What's next? All I know is it is sure to screw John Q. Taxpayer some more....

[davincij15]

Bend over because banks love doing sex to you! LOL :)

[buyeyoh]

The corrupt fiat monetary ship has already hit the ice berg . We are now in panic and wondering if we should put our life jackets on . We really hope that someone will save us all , but do we really buy that? The central banks are printing pieces of paper to try and plug the gaping hole in the hull , but the water is relentless. Meanwhile the ship announcer (media) is telling everyone that help is on the way. Do we really believe this? Its simple , put your life jacket on and get ready.

[davincij15]

Nice analogy.

[turboredcart]

FIRE your bank. (trade silver)

Silver IS the silver bullet.

[Tressco]

"Just for this I'm gonna buy some gold and put it on credit card." :))

[Rico8458]

i vote to go on a silver standard. have only silver banks, no paper money. paper has to backed by silver only. all coins to have 90 percent silver in them

[MarkMillionaireGuru]

Hi davincij15

I have just been watching your video and I must admit it really is very good.

I really enjoyed watching it.

Already looking forward to more of the same in the future.

Cheers to your success.

Mark McCulloch

[MrJeffsVideos]

Even more so if your a pot smoker

[deviantlifex]

DaVinci, your laugh is contagious. Bless you heart.

[vention4wh]

LOL! I love the way you laugh! You're like a mad genius. Thanks for holding the curtain back so we can throw our tomatoes.

[vention4wh]

marketwatch101

Cool! I'm buying more

[marketwatch101]

You know, silver dropping 2.13 from its high this week would be like the DOW dropping over 2000 points in one week.