Ulster Bank customers blast £20 compensation scheme

Evidently the Ulster bank had technical problems because it outsourced its computer work to India, where labor is cheap. Anything to avoid giving work to Irish people. 

The Irish currency scheme confuses me. The Republic of Ireland uses the euro currency, and yet Ulster Bank (which is headquartered in Dublin, and has two thirds of its branches in the Republic) also issues its own currency, as does the Bank of Ireland. It is denominated in pounds sterling, and has the bank’s name printed on it. 

In Northern Ireland, the Allied Irish Banks, and the National Irish Bank issue their own currency.

 I don’t understand how this works, but I do understand that banking is the biggest scam of all. Those who create the money create the rules, and have absolute power.

During the Italian Renaissance, the Medici family did not gain absolute power in the via the textile trade (as is claimed in most history books), but by controlling the issuance of bonds and currency. In this way the Medicis installed four different family members as Popes in Rome, and became the wealthiest family in Europe.

In addition to issuing the bonds and currency, the Medicis used the double-entry bookkeeping system, which let them claim that assets are liabilities, and liabilities are assets. That is, they moved things from one side of the balance sheet to the other at will, in order to maintain their power. By using these lies, the Medici became “signores,” or lords. Today when we refer to the absolute power gained by issuing currency, we say that a party has “seigniorage,” – i.e. they are lords-of-the-lie.

Most governments use the Medici lie today. When the U.S. government collects $15 trillion from investors who buy T-bills, the US government calls this windfall a “debt.” It then uses this "debt" as an excuse to say there is “no money” for social programs. Thus the masses must have “austerity.”

However, when the U.S. government wants to start a new war, it simply touches a key on its computer keyboard, flipping these “debts” from one side of the balance sheet to the other, magically creating $15 trillion. The “debit” and the “credit” were always there. If politicians want a war, the "money" is a "credit." If they want to crush the masses, the same "money" is a "debit." It's not even money. It's an accounting game in which only three percent of the "currency" is actual paper and coins. The rest is a giant shell game. When bankers and politicians want a war, they create money out of nothing. When they want to crush the masses, they say, "Money doesn't grow on trees." At the Republican convention, Paul Ryan saud, "We can't spend money we don't have." And the audience applauded! 

Incredibly, even professional accountants don't understand this, despite working with double ledger book-keeping every day.

Meanwhile the bankers not only steal from the masses, they steal from each other, causing the shell game to eventually collapse. When internal corruption caused the all-powerful Medici bank to collapse in 1494, it allowed French king Charles VIII to invade and grab all the remaining assets. 

Heydrich, very interesting stuff.  What sources would you recommend on the Medicis and their scams?  Thanks.

Incidentally, if you want to see how arrogant these financial thieves are, check out this one-minute clip showing Glenn Hubbard, who Romney (if elected) would appoint as Fed Chairman or Treasury Secretary.

Hubbard would be perfect for the job. He is a total asshole.