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Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

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Human Rights in Ireland
A Blog About Human Rights

offsite link UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights

offsite link 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Further Evidence Gaza Casualty Numbers Are Fake Thu Mar 28, 2024 17:36 | Will Jones
The evidence that the Gaza casualty numbers from the Hamas-run Health Ministry (now over 32,000) are wildly inflated continues to mount. Mark Zlochin looks at what the proportions of male and female UNRWA workers tell us.
The post Further Evidence Gaza Casualty Numbers Are Fake appeared first on The Daily Sceptic.

offsite link Don?t Be Fooled by the ?Britain is Growing? Fairytales Thu Mar 28, 2024 15:22 | David Craig
Don't be fooled by the 'Britain is growing' fairytales, says David Craig. Any 'growth' is accounted for by the hike in the benefits bill and in civil servants' pay and a heap of other unproductive deficit spending.
The post Don’t Be Fooled by the ‘Britain is Growing’ Fairytales appeared first on The Daily Sceptic.

offsite link Climate: The Movie is a Perfect Cure for Climate Anxiety Thu Mar 28, 2024 13:00 | Toby Young
Climate Change: The Movie, the new film by Martin Durkin, should be shown at every school in the country to disabuse anxious young people of the idea that we're in the midst of a 'climate emergency'.
The post Climate: The Movie is a Perfect Cure for Climate Anxiety appeared first on The Daily Sceptic.

offsite link The WHO?s Plot to Seize Power Over Nation States in Future Pandemics Must Be Stopped Thu Mar 28, 2024 11:12 | Will Jones
The World Health Organisation is gearing up to persuade the world's governments to sign a new pandemic treaty that would allow the unelected body to seize power over nation states in future pandemics, warns Matt Ridley.
The post The WHO’s Plot to Seize Power Over Nation States in Future Pandemics Must Be Stopped appeared first on The Daily Sceptic.

offsite link Easter Quiz: Why Are White Things So White? Thu Mar 28, 2024 09:00 | Steven Tucker
It's hard to tell the difference these days between genuine news stories relating to 'anti-racist' ? or, more realistically, anti-white ? ideas and the spoofs and fakes. Pit your wits against our Easter quiz.
The post Easter Quiz: Why Are White Things So White? appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Moscow attack reminds us of the links between Islamists and Kiev's fundamentalis... Tue Mar 26, 2024 06:57 | en

offsite link Failure to assist a people in danger of genocide, by Hassan Hamadé Tue Mar 26, 2024 06:32 | en

offsite link Yugoslavia March 24, 1999 The Founding War of the New Nato, by Manlio Dinucci Sun Mar 24, 2024 05:15 | en

offsite link France opposes Russian Korean-style peace project in Ukraine Sat Mar 23, 2024 11:11 | en

offsite link Voltaire, International Newsletter N°79 Fri Mar 22, 2024 11:40 | en

Voltaire Network >>

Royal Bank Of Scotland -owners of Ulster Bank - Engaged In The Systematic Theft Of Business Customers’ Assets

category international | crime and justice | other press author Monday November 25, 2013 23:55author by T Report this post to the editors

Max Keiser on the “financial terrorism” of Royal Bank of Scotland

The headlines have recently reported that the Royal Bank of Scotland owners of Ulster Bank in Ireland carried out widespread fraud and engaged in forcing customers who were repaying their debt and otherwise healthy, into going out of business and this allowed the bank to pick up their assets namely their properties at a fraction of the true costs. They carried out this financial terrorism mostly against small firms who were too small to defend themselves.

In a blog by journalist Ian Fraser linked from the report that Max Keiser carries on this on his website, Ian writes:


Max Keiser is clearly over-the-top but he reflects the outrage that many feel today at the behaviour of the taxpayer-rescued bank RBS — which has today been confirmed to have been engaged in the systematic theft of business customers’ assets and other forms of outrageous skulduggery. The malpractice, which remains endemic inside the bank’s commercial and corporate lending, global restructuring group and West Register property arm (I have been covering this charlatanism since December 2010) is gaining wider exposure thanks to the efforts of the Leeds-based entrepreneur and overall IoD ‘director of the year 2012′ Lawrence Tomlinson.

In a report published today for the business secretary Vince Cable, Tomlinson makes clear that RBS routinely “distresses” otherwise profitable, stable and creditworthy businesses by “manufacturing defaults” in order to tip them into its recovery and restructuring division, GRG, and then to allow its West Register property arm to effectively steal their commercial property assets. In a policy statement in May 2009 the bank said GRG/West Register had an “appetite” for particular categories of property assets including “offices, retail and industrial premises, pubs, hotels, nursing homes, car dealerships and hospitals”.


What we have here is the financial giants instead of helping the base of the economy, are cannibalizing it. Surely the whole purpose of a bank is to help small businesses. And we can be sure if one bank is doing this, then it is likely a lot of the other banks are too.

It seems that this fraud went undetected because many of the people running these small business firstly didn't have the resources to find the bank, nor did they have the power, contacts and might to force the government, media or regulators to take any notice. A functioning system of checks and balances would have stopped this very early on, but it is clear the checks and balance system has long been made ineffective through corporate takeover.

http://www.maxkeiser.com/2013/11/a-brazen-act-of-financ...land/

http://www.ianfraser.org/max-keiser-on-the-financial-te...land/

Related Link: http://www.maxkeiser.com/2013/11/a-brazen-act-of-financial-terrorism-by-uks-royal-bank-of-scotland/
author by fredpublication date Thu Nov 28, 2013 13:47author address author phone Report this post to the editors

Banks can create money out of nothing to give out in loans. The fractional reserve system allows them to do this. Ratios of up to 100:1 between loans:deposits were common up until recently. But clearly they can't just make up a load of money for themselves then buy property with it. So they give out this "funny money" that they just conjured up in loans then repossess the real hard assets the borrower bought with the loans when the borrower becomes distressed. This sort of behaviour is often referred to as "leveraged buyout" when done by one corporation taking over the assets of another.

They score when the loans are given out through front loaded bankster bonuses. Then they score again when they get to repossess the hard assets, which they can sell off cheap to insiders, speculate on, or rent out into the rentier economy and parasite off the labours of the working class who actually do productive work.

So, they make up the money you borrow, then end up with your actual house, and all without doing any actual productive work. Nice business model!

If I wanted to design a scheme whereby I eventually could own all the assets in an economy without doing any actual productive work, it would be along these lines.

"Give me control of a nation's money and I care not who makes it's laws"
— Mayer Amschel Bauer Rothschild

 
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