Archive for October, 2011

An image is worth a thousand words.

The arrogance of the LOA prescribed belief that the universe is your catalog and all you have to do is flip through the pages and then settle your mind on your order is overwhelming.

Perhaps all these kids need is to is to believe that their overly bloated bellies are full of food. That the flies in their eyes are actually visions of candy canes dancing in their heads.

Somebody should let them know how easy it really is.

Dear protesters,

If you treat the world-unifying demonstrations that you achieved on October 15th 2011 as the pinnacle of your success, the movement will fail.

What you achieved on October 15th 2011 is incredible. You achieved world-wide recognition that people are catching on to the banking scam. You achieved world-wide ratification that there is a need for your movement.

But if you treat this as a victory, you will fail.

In Victoria BC (Canada), they (being the media) estimated 1,000 people showed up. Personally, I think the numbers were higher. I was there. I know what a group of 100 people looks like. And there were more than ten such groups. By my naked eye, I would easily say that it was three times that number. Maybe four.

But it really that doesn’t matter. That’s a useless little diversion.

The population of Greater Victoria, which includes all the municipalities from Sidney to Sooke, is about 330,000. I undertook the 50 minute car-trek from Sooke, which is on the outer-edge of the community.

If we accept the media’s numbers, that means about 0.03% of the population woke up. If we accept my naked-eye witness account, we were 1%.

What this means is that the other 98% (or 98.07%) of us (ie, not bankers), are still sleeping.

Sure, we can pit our 1% against the other 1% and claim that we are equal in number.

But you know that that is not the case. You are leading a revolutionary movement. You are smarter than that. Their 1% runs the economy and the governments. Their 1% has written the laws. Their 1% prints the money. Their 1% holds all the power.

Our 1% has an opinion. It’s honest and it’s true. But that’s what it can currently be written down as. An opinion.

When I went to the demonstrations, I was shocked to see other people carrying on with their normal day-to-day details of living. Tourists, shoppers, moms walking their kids, locals doing whatever it is that locals do on a sunny Saturday in mid-October. In my mind, there was nothing more important that those demonstrations.

I personally am in despair over the state of things. I have a daughter to whom I hope to leave a life, not a state of slavery. And you and I, and the 1% on our side of the argument, know that if status quo continues, there will be nothing left for our kids. We know this because we have woken up and we have become painfully aware that there is nothing left for us. And without intervention, it will not get better.

Yes, I was shocked that my sense of urgency was not shared by many.

Yet at the demonstrations, I was again uplifted. People were getting it. People did understand the validity behind Henry Ford’s quote,

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

On October 15th, 2011, the day of your big success, only 1% of the people showed up. The other 98% stayed at home.

It is not their fault. It is their nature. Our human nature. I think that what humans want most in the world is to be left alone in peace, with enough food, safety and love to sustain us through to the end. To our individual ends.

What you and I have found to be true, the facts that have woken us up, is incredibly disturbing. Banks invent money and governments world-wide tax it. Even though each of us in the free world have the work and blood and sweat of past generations propping us up, the banks still own most of the houses on our streets. Most people don’t ask to think why that is. Most people don’t want to ask why that is. Most people intuitively know that the answer will induce despair. The same despair that made me show up. The same despair that made you lead the charge.

No, October 15th was not Victoria Day. October 15th was ratification day.

On October 15th you received world-unifying approval of your cause. Yours and mine. The opinionated cause of our 1%.

Now is not the time to pitch tents and demand that Wall Street changes its ways. If you choose to do that, you will become demonized. You will be turned into radical, paranoid conspiracy-theorists without a following. You will be turned into an image of free-loaders looking for hand-outs.

And you and I both know you are more than that.

You are leading the 1% who dared to wake up.

That’s huge. Without you, there will be no change. Without you, there will be no freedom.

Which is why what I have to say next is so incredibly important:

Your job now is to enlist the 1% to education, to wake up the sleeping masses. If we can wake up just a quarter of the population, we have enough to change the world. Maybe even 15%. Or 10%. But 1% will not be the force that brings about the change. Our 1% will be the force that educates the masses that will bring about the change.

To do this, you need to accept the fundamental concept behind successful marketing: It must not become a conversation about your product; instead, it must become a conversation, an education, about your listener’s core-life problem. About why children will never own their home even though the parents themselves are aspiring to own their own. About why the snake-oil salesmen sold them a fraudulent mortgage. About why they got laid off. About why secondary education is becoming increasing futile. About how the public education system is designed to churn out employees not entrepreneurs. About why they can only find part-time work. About why the economy of jobs was farmed out to third-world countries. About why the Jones can afford an SUV and they, while aspiring to live within their means, take the bus. About why bankruptcy is a viable option.

Explaining concepts like fractional-reserve, bailouts, housing bubble, sub-prime mortgages, collateralized debt obligations, Glass-Steagall Act, predatory lending, and shadow banking will not wake them up; it will deepen their sleep. And the mere kiss from a Prince Charming will no longer suffice, as Prince Charming belongs to the enemy camp, the other 1%. Prince Obama came close, but now he too is a puppet for the bankers.

No. It needs to be a direct infusion of personal meaning.

We are an attention-deficit people. We just want to be left alone to live our lives out comfortably. But you and I know that status quo is not an option. We both know there is no comfort in slavery. But 98% of us don’t get it. Don’t want to get it. It’s hard to get that you are a slave when you can’t even see your master. And we have to make them see.

Our work here is just beginning. On October 15th, we received world-wide ratification. Now is not the time to stamp our feet like angry little children and yell at our very VERY abusive parents that This Will Not Do.

No, now is the time to educate our siblings and the other kids on the block, to gently nudge them awake. And we can do this easily by talking about them and their problems.

We must become like the Conficker (aka Downadup) computer virus. A botnet. Invisible. Infective. Incurable. We need to work by educating each individual host, each and every person. Talking to and with them, not at them.

Remember, the offending 1% has all the money in the world, the governments, and the law on their side. This newly-awakened 1% has only knowledge and truth. Without the other 98%, knowledge and truth will become distorted into conspiracy-theorists.

We can’t afford to let this happen.


Can you help?

   Posted by: Britt    in Bankruptcy, My Story, On Wealth Seminars

I’m calling on you to answer a very short six-question survey for me.

It’s a marketing research questionnaire that will help me set up an educational resource for people in financial distress. Many of whom, like myself, bilked by the self-help industry. Please take two minutes to answer the six short question in this survey.

Thanks folks!


Unthink THIS

   Posted by: Britt    in Bankruptcy, On the Law of Attraction

Oh! if only it were true! If only we could think — or for that matter UNTHINK — things into existence. What a nicer place this world could be!

Here’s what is keeping me awake this tonight: banks and taxes.

Sigh. It’s a brain-full.

I’ll keep this simple, because it’s very complex-yet-simple stuff.

First, the banks. If you are like me, you have heard of the “fractional-reserve” banking system. The way I understood it was that banks could lend out the same amount of money ten (in a 1:10 system) or twenty (1:20) times. I understood it academically. Starting today, I actually began to grasp what it meant.

Let’s say I go into a bank and deposit $40,000.

(…and I haven’t yet wrapped my brain around the notion that banks write money into existence the instant you put your signature on to the promissory note to repay the loan, making this original $40,000 and the resulting $1,000,000 in profits even more insidious…) 

The 10:1 fractional-reserve system requires the bank to hold on to 10% of it (1/10th) and it then allows the bank to lend out the other 90%, or $36,000.

So then the other borrow, the new owner of the $36,000 deposits that loan into their bank. Again, their bank is required to hold on to 10% or $3,600, and it loans out the remaining $32,400.

The next borrow takes their $32,400 loan, deposits it into their bank account, and that bank in turn holds onto $3,240 and lends out $29,160.

This is only the first three layers of transactions. Ultimately, this system of deposit-and-lend can happen about a hundred times. By the time the bank is done laundering my money, it has taken my $40K and churned out another $360,000 in loans.

And then, the magic happens. Yes, there’s more: it’s called Compound Interest. Get out your calculators or just go on basic trust here, but generally speaking, any 20 year loan on 5% interested compounded monthly produces an amount close to 2.5 the original amount. So $40K times 2.5 yields about $120K. And we know %5 is low-balling it.

So the bank, in lending out $360,000 instantaneously now receives a cool million in 20 years of repayments that include principal and interest. Yes, the magic of Compound Interest.

So where does this $960,000 of hard cold cash come from, especially since it doesn’t even exist in the first place? Why, we borrow it from the banks of course. Business loans. Mortgages. Lines of credit. Credit cards.

A self-perpetuating system destined to leave the individual poor and the banks rich.

And you might think it stops there. Well, no. Actually it doesn’t.

There’s the second layer of shit called “governments.” The biggest misconception out there is that governments tax “things” or stuff. In Canada, we have personal and corporate taxes, payroll taxes, excise taxes, liquor taxes, income taxes, gas taxes, sales taxes, estate taxes,  and on and on the list grows.

But what it really boils down to is that “things” are NOT taxed. What is really taxed is the movement of money. If you have a $20 bill in your pocket that is 20 years old, stop and imagine for a moment the number of transactions this piece of paper has seen in its two decades. Consider how long it stays in your wallet. A week? Maybe two? If a $20 bill sees even just 10 transactions in a year, assuming a taxation rate of 15% (which it’s not, it’s more like 50%), it will have generated $15 for the government in taxes in one year. And $300 in twenty years.

(Consider just one transaction. You buy a thing for one dollar. Immediately, there’s sales tax. Let’s say 7%. Then with this one sale, the owner has earned an income. So there’s income tax. Let’s say 25%. So without even considering import/export  and employee taxes, 33% of this dollar has immediately gone to the government.)

Again, it has generated more than it’s original value for the government.

It’s really quite depressing.

And how does this all lend (haha) itself to the law of attraction? Simple. One of the biggest mantras of the gurus is: It’s a sin to sit on money. As quick (!) as you earn it, so must you spend it. In fact, if you don’t have enough money it’s because you refuse to spend enough money. You are tight-fisted and obsessed with holding on. And as long as you hoard what you have you won’t be free to get more.

But really, this multi-billion dollar self-help industry keeps money in circulation; and this, my friends, means more loans,which in turn means more taxes.

Depositing the money in the bank means more loans, more debt. Which in turn puts more money into circulation which in turn means more taxes.

But here’s the real crime of hoarding: If you put $40,000 of bills under your mattress, you have “robbed” the banks of a million dollars AND “robbed” the governments of the taxes that they would have earned with this extra million in circulation. And yet, sadly, you yourself cannot transform this $40K into a million.

Do you get this? While each and every one of us (capable of reading this and comprehending it) will be dead in the next 100 years, the system will survive. Taxation is thousands of years old. Fractional-reserve banking is about 300 years old. And we, the individuals cranking out our debt-ridden lives to climb to the top of this mad pyramid scheme, are all enslaved to this.

So given even this scratch-the-surface level of economical understanding, do you really think we can think our way out of this?

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
– Henry Ford

Problem is, who’s getting it? And of those who get it, what in hell can be done about it? Our national wealth — and indeed our entire economy — depends on this house of cards being upheld.

Is a storm is blowing our way?

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