Submitted by: Donald Hank
If the scam described below has not yet reached US shores, it is only a matter of time before it will.
Most Americans still think we have free market capitalism. Not really. These scams could not happen in a nation where businesses and their CEOs are subject to the same laws as ordinary citizens.
The government has sided with corporations to immunize them from law and has even enabled businesses (particularly banks) to steal your money in the form of bailouts (or TARP). This system can no longer be called free market capitalism. Its name is corporatism, but it has also been referred to by the less forgiving as fascism.
Whatever you call it, it is an evil, vile system and is destroying your savings. It is also slowly eroding your trust in business.
But not fast enough. We need to catch up and realize that the banks are now the enemy, not so much because banks or the people who run them are bad but because government has given them a pass to steal. On the whole, people are only as moral as they have to be.
The heart is deceitful above all things, and desperately wicked. Jeremiah 17:9
Don Hank
An Angry Man
14th April 2011
Guy Leven-Torres
Have you heard of 'Legislated After Sales Transfer'? (LAT). Learn the term well. It works as follows-
Go to a website, perhaps to buy a ticket for a theatre. Select your bookings then the screen will ask you to type in your Debit/Credit card details. Having done so, press 'enter' to pay. After, or even before your payment is confirmed, the screen suddenly offers you discount. It asks you to 'click on' the icon 'Yes' or 'No' or perhaps some other request like, 'Ignore' or 'I do not want this service'. So having done so and had payment 'confirmed' one hopes all is well.
What you perhaps not realised, is that so called 'bona-fide companies have hidden 'trackers' and other 'spyware' that automatically 'signs' you up to a contract whether you like it or not. The worst aspect is that millions of these 'contracts' now affect the daily lives of folk. The only time they find out that they have signed a 'contract', is when they are debited 'fees' about a week or month later. I had this happen to me twice since Christmas with Amazon and Trainline. Both times I had to stop my cards and apply for new ones. At no time or place did I agree to these companies charging me 'fees' for using their services.
In the trade it is called 'LAST' and it is one hell of a problem, so serious now that it could literally destroy the financial system in the West, already on the point of collapse through the scandals of recent years. LAST refers 'Legislated After Sales Transfers'. There is nothing the Police will do because they say it is a 'civil matter'. A friend in the City, told me,
'Plainly and simply this is obtaining money by deception. It is quite illegal and the miscreants should be treated like any other common thief. However in the atmosphere, in which we now exist corporate scams now outnumber legal transactions. They are so desperate to keep the banks-corporations from collapsing due to the mountain of debt that is in the trillions, not billions that they will employ any and every devious means to stay afloat. There is also greed- greed like I have never seen in 25 years in the City. Our worry is that if these scams reach such a level that people simply refuse to trust banks anymore, there will be a huge run on banks as people seek to protect their cash, afraid of literal thieving by corporations, using every barely legal artifice, to fleece customers.
It is costing the banks millions trying to recover the misappropriated funds, that is not helped by a massive unthinking bureaucracy, that seems to treat the customer as a nuisance when they complain. Imagine losing all your current account cash and already desperate enough, told that the transaction 'will have to be paid under the ''Card Transaction Guarantee Scheme'' and investigated as a normal miss-transaction as if it were a simple overcharge, when in fact it is plainly theft- or simply daylight robbery. The crux of the matter is the infernal transaction 'authorisation code' that is issued from a central processor but actually 'legitimates' the illegal withdrawal. In effect they have complete 24 hours access to your accounts!'
He continued....
'One very serious case involved a young couple losing their entire current account balance! They were left penniless. The cards were cancelled and they could not even afford the fares home. They had to plead with their elderly parent to come out a pick them up. The man pleaded with the bank- I think it was Barclays or Lloyds that they had never 'authorised or spent' the money. They were told the matter would ''have to appear on their statement when the matter would be investigated!'' Can you imagine the effect on a young couple with a baby and three children to feed. It took the bank over a week to supply new cards. What was even worse, they had to deal with call centres in the Far East who could hardly speak English, accused the understandably angry husband of being abusive and cut him off several times, until finally he had to walk into his local branch to get anything done. They told him it could not be dealt with locally but by their central 'Debit Card Transactions Team'. The couple lost an entire month's wages, around £2,600. For 14 days they had to live on handouts from their relatives. The culprit was a blue chip 'firm' with call centres, as far away as the Philippines. He could not find a UK contact number but simply generic '0870' or '090 Premium' ones. He was unable to get a response from any real human but endless foreign call-centres who simply had no idea on how to proceed. This behaviour is now so endemically serious that it could and probably will lead to a run on the banks, and unleash hell, as people try to save their cash from these vermin!
In all my years I have never seen such huge criminality and they think they are quite entitled to do so! It is simply larceny on a global scale with huge corporate household names involved. The financial system is based upon trust- that's all, simple trust! Money is simply a bill of exchange and the banks are simply loaned their funds in trust by a public, they and the corporations now treat simply as financial blood capital to harvest by the globalist vampires. If that trust goes then you can say goodbye to the Western capitalist system. These people are simply racketeers and gangsters with the ethics of Fagin. The worst companies are Amazon, Talk-Talk, Virgin and a plethora of other well known brands. What these greedy thieves don't realise, is that they will also destroy themselves, as the public increasingly cannot afford to live having to pay for massive scams like this and indebtedness at truly historical levels. People are unable to afford to go to work it is so bad! If you bankrupt the customer into pauperism, who is left to pay for the fat bonuses? The trust goes and the zillions of pounds and dollars, these criminals have stolen through 'LAST' scams are worthless toilet paper. There is something nasty and dark hovering over us all!
Globalism is a scam itself. By placing call centres in other countries and cultures, where British standards of honesty and fair dealing are alien is utterly stupid. Card fraud is around 30% in many cases. You simply cannot run a global or any other financial system like that! Once the trust and assumed absolute integrity goes- that's it! BANG! That trust is on the verge of complete melt down. People will simply do what they have done in any crisis for centuries, remove their money, if they have any left from the bank, store it in a mattress and use a system of barter to survive and avoid the corporations and banks, who will then collapse with all the ensuing chaos as the new unofficial system replaces it as it always has. Perhaps we will see the return of 'King Henry's Barter Sticks'? The people at the top of these rackets, usually dressed in Gucci and Versace are in my opinion 'f****** Idiots! Completely f***** morons! Sorry for my language mate! But I really do despair....O used to love this job but now I hate it!'
The narrator is a leading trader in the London Stock Exchange.
Guy
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