Insurance Contracts are Gambling Contracts ~ The Concept of Insurable Interest
An Insurance Contract is a Gambling Contract as Si (aka TheSpaniard) is about to explain.
Way back when it was common place for the wealthy to insure the lives of peasants who they would, in turn, then proceed to kill ~ in order to collect the insurance payout!
Then along came the concept of Insurable Interest which was supposed to end the profiteering! But has it?
If you'd like to learn more about this and other interesting subjects concerning Banking, Insurance and Law, simply click here...
The Temporary Suspension of the Gold Standard in 1931 & How to Exchange Bank Notes for Gold
In 1931 the Gold Standard Amendment Act "temporarily" suspended the ability of the people to exchange their Bank of England "promises", for Gold.
That 'temporary' measure has lasted in excess of 85 years and is still in place!
So why did it happen?
Tabled as a "National Emergency" it wasn't. It was a Banking Emergency!
The Bank of England wasn't Nationalised until 1946!
The general public had become disillusioned with Bankers and the Banking fraternity at large - and with good reason....
Money - The Game Changer
You are no doubt aware that there is something very wrong with the existing banking-system, and the creation of money-as-debt.
We intend to do everything we can, to change this intolerable state of play.
Presenting: the Universal Trade Union. The people’s union. A union of people. A collective voice, acting as one, designed to remove the power-of-money-creation from the hands of the international banking community, and place it back where it belongs: in the hands of the people.
Banking...
The Finance Curse – Professor confirms Banks do Not loan Money: Exchange of Promises (securities)
Our thanks to Karl from Norwich who told us about this video and said that it “backs up what you say”.
If you’ve seen the video, then we trust you’ll appreciate what follows, for we have transcribed the important stuff for you.
Contemplate the information. Resonate with it. And above all: use it!
You may wish to refer to the video as being “that” which has caused-you to ask questions. What a fantastic “excuse” to use as your reason...
If the Pen is Mightier than the Sword ...
This phrase first appeared in 1839 in a play about Cardinal Richelieu, penned by the nineteenth-century writer Sir Edward Bulwer-Lytton.
The phrase is a metonymic adage, indicating that communication (particularly the written word) [or as some would interpret it - administrative power, or advocacy of an independent press], is a more effective tool than direct violence.
The intimation here is that the "pen" via 'administrative power', or a "free" press can be used for good; for that which is...
Knock 8 Years off Your Mortgage Term by Changing the Way You Pay
This particular solution ONLY applies to Capital Repayment Mortgages
Did you know that numerous Accountants have cleared their mortgages early by simply altering the way they pay the Mortgage debt?
Why do you think customers like you typically pay back up to 3 times the amount borrowed against a Mortgage?
The answer is two fold:
- it has to do with the way Interest is calculated (typically daily), albeit the charge is applied to your Account Monthly, and
- the term. The longer the term, the...
What Do Redeemed/Cancelled Debt Instruments Look Like?
What is the Problem?
This week's question has been raised by many people including Jake from Colchester, Essex. Jake says:
"You've mentioned redemption and the need to get original documents back from the Banks. What should we do with these documents if and when we get them back?"
What To Do
When we speak about debt, the debtor should always follow the note (instrument). In other words, the debtor pays whomsoever holds the note.
Once a debt has been "paid", the associated instrument or...
Do Banks Actually Loan Money When Making You a "Loan"?
What is the Problem?
This one comes from Colin in Yorkshire, and his question is: “I’ve seen a lot of debate online about Bank loans. Do Banks actually loan anything when they make a loan?”
In order to understand the question and the answer, you are advised to engage in some homework, and learn about the creation of money: Modern Money Mechanics, the Chicago Plan (IMF Website), and the Bank of England Quarterly Bulletin 2014 Quarter 1, Volume 54, No. 1; are good places to...
Debt Tactics with Mark Cawkwell
What is the Problem?
We received an email from Joe in Huddersfield. Joe says:
"I tend to lack confidence and think it would be very helpful if you interviewed someone who has had success using your methods. I need to know that there is light at the end of the tunnel and that the hard work and study will eventually pay off"
What To Do
You’re not alone Joe!
We've been enticed into a game we didn't know we were playing, and to make matters worse, the ethics of the game are well and truly...
Non Dependant Status
What is the Problem?
This one comes from a member who has highlighted a sneaky trick employed by the ‘powers-that-be’ to claim council tax in a situation where it should perhaps not be paid; all because one of your family members is alternatively-abled/disabled.
Are you in receipt of Housing Benefit? Do you act as full time carer for an alternatively-abled/disabled family member? Have you paid reduced Council Tax bills in the past as a result of your circumstances?
If the answer...