Archives For how to get out of debt

Cartel Bank – 241 DSR

February 6, 2018

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HSBC launders drug cartel money in US Banks. The US government allows it. Here’s why….

Netflix documentary “Dirty Money”
Episode: Cartel Bank
HSBC (Hong Kong Shanghai Banking Corp)

2012 Deferred Prosecution Agreement
1.2B fine, 5 yrs “probation”
12/2017 charges dropped in Eastern NY court.

US Gov’t knowingly allows large banks to launder drug cartel & terrorist money.
US 2nd in illicit money flows, 2nd only to Switzerland (Wall Street on Parade article).
illict money flows – tax free haven for the rich, shell corporations, etc.

Overview –
WSJ Article: “A 2016 congressional report into the settlement found that Justice Department
officials overruled internal recommendations to pursue a criminal prosecution, in part to avoid
disrupting the global financial system. The DOJ at the time of the report said it was committed
to holding individuals and corporations responsible for their conduct.”

US gov’t did not pursue criminal prosection. Why? In part, to avoid disrupting the global financial system.

Resources:
Wall Street Journal (12/2017 article)

Wall Street on Parade

Narco Dollars for Dummies – “How the Money Works” in the Illicit Drug Trade by Catherin Austin Fitts

Debt Shepherd 2018, All Rights Reserved

In Government, Money, Personal Finance Education ,
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Poverty, Inc. – 236 DSR

September 4, 2017

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“Fighting poverty is big business. But who profits most?”

from povertyinc.org

2015 Documentary Film
Winner of over 50 international film festival honors

This isn’t a film review. More a discussion urging you to examine why you give to foreign aid or any charity for that matter.

1) Who are these organizations? NGO’s, UN, Soles for Souls, World Vision, etc.

2) Am I giving due to a temporary crisis? Earthquake, flood, tsunami, etc.

3) How long after the headlines are over do you pay attention to the recipient country’s situation?

4) Foreign Aid is highly government subsidized.

i.e: The US rice company sends rice to Haiti. Haitians get it for free. The US sender gets money from the government, you the tax payer. Local Haitian rice farmers are put out of business. People become dependent on long term aid (food, clothing, etc). Not to mention the rice company who sends it doesn’t have to compete with Haitian rice farmers in a free market. Monopoly creation.

Recap:
Welfare/charity that isn’t temporary, becomes dependency. This is economic addiction, paternalism, colonialism (pc = democracy).

Institutions in power don’t want poverty to end. It’s a way to control large portions of the population. If institutions who “fight cancer” cured it, they’d be out of jobs.

Resource:
povertyinc.org / Poverty Inc (film)

Get your mind straight. Get your money straight.

Debt Shepherd 2017, All Rights Reserved

In Money, Motivation, Personal Finance Education, The Economy , ,
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What is Bitcoin? – 235 DSR

August 26, 2017

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Let’s talk about digital currency and the privacy it gives you. Not to mention not paying transaction fees.

What is Bitcoin? Digital coin. Digital Currency

The bit is a basic unit of information used in computing and digital communications. A binary digit can have only one of two values, and may be physically represented with a two-state device. These state values are most commonly represented as either a 0 or 1.

– Way for two parties to exchange money without third party interference/fees ie: government, banks, PayPal, Western Union, etc.
– Avoidance of paying fees for the facilitation of the transaction.
– Bitcoin essentially cuts the fee charging entities out of the transaction.
– Commerce with privacy.
– Gives those without access to bank accounts the ability to transact as long as they have access to a computer (library, internet café, etc). Western Union does this but charges fees and can take longer depending on method of payment and receipt.
– Transactions are logged in the blockchain and buyer/seller remain anonymous.
– Federal Reserve Bank has been controlling the creation, distribution, and sale of money for 104 years. Do you think they see bitcoin as a threat? Yes, because they can’t inflate the bitcoin supply and charge you a hidden tax (inflation).
– In it’s infancy.
– Same as cashless society? Gov’t idea of a cashless society still involves The Federal Reserve in control. Bitcoin’s idea of a cashless society does not.
– What if you worked and when you got paid your deposit was in Bitcoin instead of “dollars?”

Resource:
Banking on Bitcoin – 1 hr 23 min (documentary movie) Netflix.
Coinbase – Buy & sell digital currency
Blockchain

Debt Shepherd 2017, All Rights Reserved

In Money, Personal Finance Education, Technology, The Economy , , ,
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Listener Emails – 216 DSR

June 19, 2016

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I answer listener email questions about finance with my good friend Ahyh.

Twitter trends Nashville @ 11:30 a.m. Sunday Of 10 listed, 5 are sports.

Last 3 emails I got:

1) Dear Debt Shepherd,

I am writing you to express my thankfulness to your work.

There are loads, loads of podcasts about money, credit, etc but they are not about changing the spiritual side of being wealthy. That makes your radio special from many others.

I am looking forward to listening to “Get your mind straight” series. I have already reduced the amount of junk food in my meal, and I feel way much better after the food part of it. 

Keep going on! You are doing great work!
Warm greetings from Siberia – Anna Svinoboeva

2) Hi Greg:
 
Thanks for the encouraging feedback.
 
We agree with you on the 401(k) — since Wall Street is also taking two-thirds of the employer-match in fees over the long haul. Much better to set up your own IRA at a local, FDIC-insured community bank that makes sound loans to local businesses and local home mortgages.
 
Best regards,
Pam Martens
Wall Street On Parade

2/3 of your 401k and employer match are being eaten up by just 2% annual fees!

3) Should I buy another car if my current one is paid for and running just fine? Honda, high miles. Wife says “I deserve it” listener said Honda might not be safe since lacks safety features of newer cars.

Close:

Advice from Catherine Austin Fitts of Solari
1) Bank Local
2) Turn off TV
3) Eat Fresh (& local).

Get your mind straight. Get your money straight.
Debt Shepherd 2016, All rights reserved.

In Interviews, Money, Motivation, Personal Finance Education , ,
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