Monetary Reform

Tripple Dip Recession & The EU – Simon Dixon

A banker says European Union members will not reach an agreement on the trillion-dollar budget talks, paving the way for the breakup of the bloc.


This comes as German Chancellor Angela Merkel urges EU members to work together to reach a deal as the bloc’s 27 states remain divided on the one-trillion-euro 2014-2020 budget.

Press TV has conducted an interview with Simon Dixon, CEO of Bank to the Future.com, from London, to further discuss the issue. The following is a rough transcription of the interview.

Press TV: Tell us about, first of all, the significance of what the German Chancellor has said about them being not sure that an agreement is going to be made and how that might affect it all.

Dixon: I think what we’re seeing from the German side is some real honesty.

The likelihood of getting 27 countries to agree when we’re moving into a triple dip recession all around, when top of the agenda for most of the countries is austerity measures, budget cuts and trying to pay off the national debt, the likely of getting people to agree to a trillion stimulus for the European Union is highly unlikely.

It’s a refreshing change to actually hear to expect some hardness in getting everyone to agree.

Press TV: Tell us the affects, Mr. Dixon, if it does not happen. If an agreement is not reached, tell us the types of affects that we might see.

Dixon: It just adds to the rocky round that we’re seeing in the European Union right now. They better get prepared for that because the agreement won’t be reached, I’m almost certain of it.

The consequences are is there’s more pressure on the European Union, more pressure for the interrelations between its members. The pressure’s going to get a lot worse as we move into a worse economy in 2013 and more budgets are required to do more banking bailouts as well.

Press TV: Let’s look at that overall pressure that possibly is more on the EU and possible effects as far as the inter-union relationships. How do you see it affecting various countries?

Dixon: David Cameron and the British have been very outspoken on it.

There’s lots of pressure between the French, the Germans and particularly the Italians. Then we have some of the other members and the relationships aren’t very strong at the moment.

All this is going to do is put more pressure on it. I’m forecasting this year that we’re going to see some of the first exists from the European Union which will probably have the domino effect with others.

Simon Dixon

What I would tell Greece to do tomorrow if they asked…3 Simple Solutions for The Financial Crisis

So I am always asked to lay out my proposals for moving out of the financial crisis.

Well here it is -three simple things I would do from my book ‘Bank To The Future: Protect Your Future Before Governments Go Bust’.

If I was appointed to advise the new Greek parliament tomorrow, here is what I would advise them…

Firstly, get out of the Euro and default on any foreign debt. It is beyond control and the ECB (EG Big Germany) will take all your sovereignty and tell you how to run your country while stripping up all your countries assets and advise further austerity.

Once you have done this, time to re-build.

The Greeks are now faced with the perfect opportunity to be a pioneer for sustainable banking.

So second thing is, replace all the toxic debt based money created by banks, with debt free money.

Simply put, a newly appointed independent monetary authority creates debt free number money on a server.

I would use this to pay down the domestic national debt and this will pour a load of money into the economy without inflating the total money supply. You are simply replacing one form of money with another form, but without the interest.

This cannot be used to pay foreign debt, as the money will leave the country and not cause the necessary stimulus.

Now time to reform the banks by using some of this debt free money and lend it (once off) to all the Greek banks, equal to the amount of money they have created through loans.

This is followed by a legal Act that makes it illegal for banks to create money and they are forced to hold 100% reserves.

As bondholders money starts to reach the economy aa the government does not need to borrow anymore, people pay down their debts and the banks gradually repay this money back to the Greek treasury and this makes it’s way back into the country as the country reducing taxes for everybody.

Now we foresee banks to separate current accounts and investment accounts for their customers as described in the video and their is no liability on Greek taxpayers to bailout the banks again.

Society decides where they are going to direct their savings and the economy rebuilds itself sustainably based on the values of the Greek people, not on the values of the banks.

The Greeks are now more sustainable, more stable and more equal.

Love to hear your comments.

Simon Dixon

TEDx – Simon Dixon ‘Changing The Rules Of Banking’

It was a great honor to present at TEDx last weekend. I have been a TED fan for years and have always believed that the message about banking is an idea worth spreading through TED.

But now we need your support in order to get tis message on the big TED stage where people like Bill Clinton, Bill Gates, Steven Hawkins, Tony Robbins, Richard Branson and the greatest minds and achievers in the world have shared their ideas.

Once that happens we can get millions exposed to the flaws in banking as some TED videos have up to 4 million views.

The next stage is to get as many views as possible on the TEDx video above on ‘Changing the rules in banking’ and clicking across to YouTube and sharing the video on Twitter, Facebook, Google Plus etc.

Lets tell the world about the flaws of banking so we can get that debate from the top.

For those of you new to TED, here is a little summary from their website:

TED is a nonprofit devoted to Ideas Worth Spreading.

It started out (in 1984) as a conference bringing together people from three worlds: Technology, Entertainment, Design.

Since then its scope has become ever broader. Along with two annual conferences — the TED Conference in Long Beach and Palm Springs each spring, and the TEDGlobal conference in Edinburgh UK each summer — TED includes the award-winning TEDTalks video site, the Open Translation Project and TED Conversations, the inspiring TED Fellows and TEDx programs, and the annual TED Prize.

Please spread far and wide.

Simon Dixon (@SimonDixonTwitt on Twitter)

Simon Dixon

97% Owned – New documentary on money and banking

Enjoyed being a part of the team interviewed for 97% owned.

Here is a sneak peak trailer and will post the full documentary of 97% owned once it is out.

 

The creation of money and who controls it will be the big debate in the next ten years.

Simon Dixon

Capitalism Is The Crisis Simon Dixon Reviews

So I was recently invited onto Press TV to review a documentary called ‘Capitalism is the crisis’.

It blames us business people for all problems in the world – from austerity to student debt to riots to bankers bonuses and everything in between.

Now if the documentary was called ‘banking is the crisis’ or ‘corporatism is the crisis’ then I think there would be an interesting case.

But, my experience of capitalism and the majority of capitalism consists of small businesses and entrepreneurs just like you and me, is the opposite of the picture the documentary tries to paint.

Every day I meet business people and attend a lot of Ecademy events.

7 times out of 10 I hear the same story -

An entrepreneur that seeks to solve a big problem in the world that is important to them. They create products to solve their customers needs and in many cases have a big vision and mission behind it.

Very often it is a social mission that they dared to dream they could impact.

In the process of trying to make their vision a reality they suffer financial hardship and often pay their staff first in order to make it happen. After many struggles they break through and to call them the cause of the crisis is a slap in the face of all their effort.

They were fed up of expecting the government to solve their problem so they decided to create a business to solve such a problem.

And guess what – staff and product cost money and effort deserves to be rewarded through profit.

For the documentary to blame these people for all problems in the world is both misleading and insulting.

I am sure the film maker comes from a good intent and I wrote to him on Facebook to check. I can confirm he comes from a real place of care, we just differ in views.

This old socialist v. capitalism argument is one that is completely false.

The reality is that banking has completely distorted the socialists view of capitalism and to call an economy like the UK where 40% of the workforce is employed by the government a capitalist country is dead wrong.

I also think on the flip side that banks have been exploiting governments for years and the capitalist view of socialism is warped too.

My hope is that one day we will realize that there is a roll for government, there is huge need for business, there is definitely a need for banking, but it may look a lot better when the government realizes we don’t need banks for the creation of money and in fact Google, Facebook, Amazon and Apple might do a good job at it too.

(And dare I say it BankToTheFuture.com too)

Anybody interested in this topic feel free to join me at Waterstones in London for some wine and the book launch of ‘Bank To The Future: Protect Your Future Before Governments Go Bust‘.

You can book a free ticket here if there are any left

Love to hear your comments if you cannot join me at Waterstones in person.

Simon Dixon
CEO BankToTheFuture.com
Founder of Benedix
Author ‘Bank To The Future: Protect Your Future Before Governments Go Bust’ & ‘Student To CEO: 97 Ways To Influence Your Way To The Top In Banking & Finance’

Simon Dixon

Sir Fred Goodwin become simply Fred Goodwin

While Fred Goodwin seems to be the focus of many today with the stripping of his knighthood, it is very easy to single out somebody to blame for the mess we are in today, but a quick look at reality and he just happened to be CEO of a bank at a time when whoever was in charge would have had the same fate.

I am not for defending banking CEO’s right now, but the former RBS CEO was in the wrong place at the wrong time.

Banking is a ticking time bomb and if the government wants growth in our economy, then they require banks to lend more money. That is why everybody is giving the banks a hard time for not lending more right now.

When you have to lend and lend and lend there comes a time when you cannot lend anymore without taking bad risks, but remember the government and the economy require banks to lend so we can keep up the illusion of growth.

Under Fred Goodwin’s leadership RBS lent and lent and lent and when it could not lend anymore, it got creative, just like every other bank. This has been a trend for decades now and Fred Goodwin happened to be CEO at the time when the ticking time bomb was due to explode.

Did he make a lot of money out of the ticking time bomb? Yes, but so did the government and so did we when we all bought into the property bubbles created by them. We borrowed the money that banks offered us. We are all a part of it, but the easy thing to do is get angry at those who got paid the biggest cheque. Goodwin got paid a very big cheque and so we all look at him in anger. Stripping his knighthood may make us all feel better, but remember who gave it to him in the first place – the same people that wanted the economy to grow falsely by lending more and more and more.

Now the question we are left with is…are we going to focus on blame and stripping knighthoods or are we going to change the rules of money and banking so we can prevent it happening again? Experience tells me we will choose blame over real reform and wait for a bigger and badder crash.

What is your take on it…

Simon Dixon

2012 Winners And Losers – Will You Still Be Playing in 2017?

So it’s become a bit of a tradition for me now.

Every New Years Day I pull out the financial charts and make some forecasts. (What a geek I know, it has been since my days trading for an investment bank).

So in true New Years tradition this morning I pulled out the charts to make some forecasts.

There is good news and bad news.

So lets start with the good news – we will have a market recovery in 2017 according to key points on the market charts.

The bad news – the markets are going to get progressively worse for the next 5 years.

So the questions are…

…what is going to happen between now and 2017, what is going to cause a recovery in 2017 and what do you need to do to prepare?

After consulting my crystal ball and studying several company charts here is my forecast…

The markets will not recover because we are not doing anything to fix a lie we have told the world called ‘banking’.

For decades we have had a progressive shift to rule by banks and countries worldwide are protecting the lie and creating policies with the specific intention of doing one thing – getting individuals, businesses and countries deeper and deeper into debt.

So any false temporary recovery you will see over the next five years will be because central bankers (Basically bankers), governments (In debt to the bankers) and economists (Spreading the lie we call banking at universities) will come up with a new plan for how to solve the worlds debt crisis, with guess what – more debt.

This will continue for five years. The markets will crash because they are reacting to the reality of unsustainable debt by individuals, companies and countries, followed by brief market recoveries when new innovation (A new form of Quantitative Easing, a new rescue plan, a new bailout plan, a new financial product called toxic shit) is released.

But the net effect of all innovation and policy will be to help individuals, companies and countries solve their debt problems with more debt!

Hence the brief unsustainable bursts of recovery followed by more bad news.

The rich / poor divide is going to get progressively worse in this period.

So what does that mean for your business, who will be the big winners in such a market…

…and who will just about survive past 2017…?

Simple…

The big winners will be any company that can serve the rich and the poor at the same time.

And the survivors…?

Companies that leverage the big winners.

So lets start with the big winners…

The biggest winners will have the following business model:

They dominate a market by offering something valuable for free to the masses, help those with little money to make money, and earn the majority of their revenue from those who have money.

Three examples…

Google dominates free search to the masses, hence they have the eyeballs of the world, they help small businesses make money by sharing their advertising revenue with those who place Google Ads on their sites, but the majority of their money is made from large advertisers who have lots of money.

Apple offers free iTunes and iPhones to the masses (When you sign a contract with a telephone company), allows developers and artists to make money by selling their albums and apps, but makes the majority of their money from people who can afford to buy everything Apple sells.

Facebook offers a place to socialise with your friends for free, allows developers to make money by selling applications and games on Facebook and makes the majority of their money from advertisers with large budgets.

Other big winners…

Others that will do well are businesses that dominate an essential market, have access to the financial markets for capital raising and help people buy stuff cheaper.

Three examples:

Tesco and Sainsburys are established public companies that offer something we cannot live without cheaper than most corner shops – food.

Amazon and Groupon allow us to buy goods cheaper than we can get anywhere else and are large public companies (Or will be). They also allow people to make money by selling their goods.

Ebay allows us to buy goods on the cheap and allows people to make money.

So what about the survivors…

Well, it will be a challenge, but if you leverage the big winners over the next five years, you will make it to the end of the tunnel in 2017…

Lean businesses that partner with Google, Amazon, Apple, Ebay, Facebook, PayPal, Tesco etc. will make it.

So if you own a business that partners with the winners to get eyeballs to your service by having free Google search engine results, Apps on the App store, books and products on Amazon and kindle, communities and followers on the social networks, local services at discounts on Groupon, products on Tesco’s shelf or auction things through Ebay, then you may be OK.

The moral of the story, if you continue to make the big winners richer, you will be able to come out on the other side ready for the boom in 2017.

The challenge is making sure you have enough capital to make this happen by having a tiny overhead. Fortunately that is possible today.

So that is my forecast, but what about the rest?

Unfortunately most will be a statistic in the market crash as more and more go under.

And what will happen in 2017?

The next five years is going to cause the public to get very angry and will eventually lead to mass riots as more and more become unemployed.

By the end of it, the lie we call banking will be exposed and their business model will be disrupted, releasing the world from the death grip that banks currently have over our world.

We are in this economy because we are holding on to a banking system that cannot work and the undisruptable will finally be disrupted after the masses demand it by 2017…

Love to hear what you are up to in 2012…

Simon Dixon
CEO BankToTheFuture.com
Founder of Benedix
Author ‘Bank To The Future: Protect Your Future Before Governments Go Bust’ & ‘Student To CEO: 97 Ways To Influence Your Way To The Top In Banking & Finance’

Simon Dixon

Businesses Getting Ready For Collapse Of The Euro

OK, while the documentary ‘the secret’ has some value, positive thinking alone will get you in a bit of trouble right now.

I prefer – expect the best, but prepare for the worst and take massive action, don’t try and rely on the universe fixing everything for you right now.

Just in case you have not been following, now is the time to prepare your business for a collapse in the Euro.

Here is why:

Germany recently attempted to auction it’s bonds and was only able to sell one third of them.

For you non-finance geeks like me, this means that the appetite for lending to the government is at an all time low and we pretty much have a German run Euro anyway!

Every country in the Euro operates from a position of insolvency right now and our government led Euro-ponzi schemes rely on ever increasing levels of government debt to maintain their current positions…let alone grow.

Italy was forced to pay yields at all time highs at an auction of €7.5bn of debt on Tuesday but managed to raise nearly all it’s target range. God only knows why investors would put their money there, forget the yields, no thank you!

For you non-finance geeks again, this means that investors were only willing to lend to the government at a very high interest rate.

Bond auctions by Italy, Spain, Belgium and France are to follow to keep the ponzi scheme alive.

So all leaders balieve that the solution to a debt crisis, is guess what?

More debt!

Ever tried that one – where did you end up!

As Europe’s political leaders are failing to control the spreading debt crisis, large businesses are preparing their companies against a crash that can no longer be wished away.

When German chancellor Angela Merkel and French president Nicolas Sarkozy suggested a Greek exit from the Eurozone, for the first time they questioned their little experiment in large scale centralized control of money called the Euro.

They are now discussing bailouts including the possibility of issuing European Central Bank loans to struggling countries via the International Monetary Fund.

I.e. More debt!

In my upcoming book ‘Bank To The Future: Protect Your Future Before Governments Go Bust’, I described how this is simply the IMF creating money out of nothing and issuing illegitimate loans to struggling countries, resulting eventually in takeover of that countries resources to outside control – a movement to centralised consolidation of power and taking over a countries assets.

The FT reported that car manufacturers, energy groups, consumer goods firms and other multinationals are placing cash reserves in safe investments and controlling non-essential expenditure, so you should probably be thinking along the same lines.

Siemens has even established its own bank in order to deposit funds with the European Central Bank directly preparing for a banking collapse.

My forecast?

The European Central Bank will end-up buying government bonds in huge quantities and we will continue the cycle as outlined in my video ‘The Great Depression of 2013″.

Anyway, yesterday is the time to start thinking about your exposure to contracts with European companies if you have any and start thinking about any exposure your business or investments have to the eurozone if you have not done so already.

George Osborn is preparing for a lost decade in the UK.

This may sound like doom and gloom, but there is light at the end of the tunnel…

…this financial mess is a human created problem, not a natural disaster, there are solutions, but for now…

…keep investing in your social capital, increase the size of your network and it is my belief that we will see some big reform ahead.

I have just returned from presetting at a European Conference on Banking Reform and I am getting lots of support and invitations to speak and present at some very high-end gigs, so I am doing all I can to help move towards a sustainable person to person led financial system where we can gain a level of protection from all this turbulence…

…and of course, I will continue to offer solutions to any central bankers and politicians that will listen.

My advise? – your social capital will be your number 1 asset in the future, build strong relationship online and offline, you will need a good network to figure this one out ahead.

Simon Dixon

George Osborne Has Got Some Money For Small Business

Just got back from presenting at a European Banking Reform Conference in Prague and woke up to some interesting headlines…

In my YouTube video ‘The Great Depression of 2013‘, I said that following the forecasted credit rating downgrades and further quantitative easing comes change in regulations to patch up the broken ponzi scheme we call our economy and further unemployment.

The ITEM Club, a private forecasting group, said today about half a million jobs will need to go in the public sector, 100,000 more than planned, so George is looking to small business to fill in the employment gap.

Well, as money is debt, obviously he also believes we need to solve our debt problems with more debt according to current policy!

I think George Osborne is spot on looking at small business to drive a recovery, but George’s latest policy means that he is encouraging banks to lend to small business and guaranteeing 20 billion pounds ($31 billion) of loans to small companies to jump start the British economy.

The problem is George, that they are only lending because you are guaranteeing the loans (Just like Fannie Mae in the sub prime crisis) and at the same time you are telling the world to pay off their debt for the sake of the economy.

Do you want more debt (guaranteed by the government) or less debt?

Lending to the productive economy is good, but when done without changing the rules of how money is created in our economy, you are simply guaranteeing the ponzi scheme that will lead to the eventual default and banking crisis I talked about in my last video.

You are now on the hook for a bigger banking bailout when the inevitable happens and that will make the riots bigger when the bailout money is used to maintain bankers bonuses again.

We have been told that the National Loan Guarantee Scheme – the insurance program to underwrite money raised by banks in wholesale markets – may also be expanded to “up to 40 billion pounds”.

Guaranteeing loans and forcing banks to create more money as debt can only lead to further problems.

Couple this with the Bank of England’s 275 billion-pound quantitative-easing program, whereby the central bank creates money to buy government bonds (More money as debt), and we are right on target to my Great Depression of 2013 forecasts.

There are other ways George…

Stop creating money as debt and blessing the banks with a special billion pound subsidy of our privatised money creation sector and change the rules of money and banking.

Stop guaranteeing loans when you are in charge of the most insolvent bank account in the UK.

Here is our way of getting money to small business, but you have to do your part George too – change the rules of money and banking and we are here to help you reach sustainability.

See you at the riots during your next round of banking bailouts.

Oh yeah, the publisher promised me the book ‘Bank To The Future: Protect Your Future Before Governments Go Bust’ will be on Amazon before Christmas. Hopefully we can get a copy to George to put under his Christmas tree with full proposals for business, the government and how to protect yourself.

Give our country the best Christmas present ever and stop banks creating money through loans. Anybody have his address so I can send him a copy?

Simon Dixon

You are crazy, a liar and a scammer

When I told the world years ago that banking was unsustainable and due a collapse because of banks ability to create money, I was often called a conspiracy theorist.

When I told economists that their theories are built upon a misunderstanding of money, I was outcasted by academics.

When I told students that most will leave university with pieces of paper, lots of debt and no job, I was hated by university careers advisors.

When I told students and graduates that wanted to work in banking that they should spend less time applying for large banks and more time building contacts at boutique and mid cap financial institutions, I was accused of lying to help my friends recruit for their own financial institutions.

When I told the team at my student training company that I was pulling all sponsorship deals that my company had with the large banks because I wanted to spread my message about banks, they thought it was business suicide.

When I said unemployment is only going down and contracting will replace employment contracts more and more, I was ridiculed.

When I told my clients that the old way of securing careers will no longer work and you will need to adjust to learn more about personal branding, social media, freelancing, building contacts and less on MBA’s and Masters, I was accused of being a scammer trying to sell training courses.

When I said that people need to protect themselves for when governments go bust and default on their debt, they said I need to stop eating coco pops.

Today, they ask me to write a book on it!

With the rise of occupy wall street, countries going bankrupt, banking bailouts and injustice, I have found that more people are willing to listen and act and that the doubters are coming back.

I was asked recently to present with some Members of Parliament on how entrepreneurs and businesses are changing banking, happy to hear your comments…

P.S. Will be presenting at Occupy London on Sunday November 13th @ 11.30 in a marque outside St. Pauls Cathedral if you want to join me (Wish me luck!)

Simon Dixon

What happened to your money

Is there any wonder why we are in such a mess?

Recently a member of the BankToTheFuture.com team had a meeting with the FSA to discuss our plans.

There are three things we wanted to do differently from an orthodox bank, so we do not contribute to the global financial crisis:

1. When you deposit your money with an ordinary bank, they become the legal owner of your money. We said that we wanted our customers to own their own money and hold it in a current account off our balance sheet with no access from us to that money.

2. When banks become the legal owner of your money they can do with it as they wish – fund weapons of mass destruction, speculate of commodities and dependent on the outcome of the Vickers report, give it to the casino banking division to create derivatives. We wanted to separate our customers current account deposits from their investment account money and allow our customers to have an input on what their money is invested in.

3. When you borrow money from a bank they quite simply create brand new money and you have to repay it plus interest. They do not use savers money, as most think, they simply create new digits on a computer (This makes up 97% of the money in circulation) with no restriction. We said that we did not want to create money and put the world at risk of a financial crisis.

The end result – I think we taught them three new things about banking that they did not know!

So I thought I would share our fun meetings with you.

Straight after I was invited to give a presentation at the annual monetary reform conference – Bromsgrove. You can check it out here:

Simon Dixon

Spain downgraded, the UK next

So since posting ‘The Great Depression of 2013’ video on YouTube, we have had credit rating downgrades of Greece, the US, Italy and now Spain.

In the video I was forecasting the path to banking reform and the first step was less willingness to lend to governments. This is reflected in a credit rating downgrade.

So who is next?

Well, we all are.

We all operate of the same banking ponzi scheme, but here is a good indication.

In some countries governments have actually borrowed more than the total value of goods and services produced within the country itself, known as Gross Domestic Product (GDP).

Currently Spain runs a national debt equivalent to 60 percent of it’s GDP and they just got downgraded.

What about us in the UK?

The UK 76 percent, France 82 percent, Germany 83 percent, USA 92 percent, Portugal 93 percent, Ireland 97 percent, Italy 119 percent, Iceland 126 percent and Greece 142 percent.

Doh!

We are in a worse position than Spain!

So who is next?

It can and will happen here in the UK.

The next step in the path to banking reform is good old quantitative easing. Well this is coming in many forms now with the latest announcements from the Bank of England, IMF, ECB and others.

You watch, it will happen, pump trillions in and bankers get paid more.

The next step was a response from the regulators to increase capital.

Well, all regulators are pushing for increased reserves from Banks right now, as the major Spanish banks have been downgraded and the French banks reach insolvency.

Increased reserves for banks worsen’s the depression and banks will threaten policymakers with what they know will happen – disaster.

You cannot ask banks to increase their reserves without replacing the money in some other format.

Remember the rules, under a debt based monetary system like the one we live in today…

Rule 1 – If you want more money, you have to have more debt.

Rule 2 – If you want less debt, you have to have less money.

So increased reserves by banks is asking to follow rule 2 – less money.

That is a depression people.

The next step was less jobs and more debt for survival as companies and people fight for the remaining money in the economy in a world where there is less money than debt.

Unemployment continues to reach records and at the same time as David Cameron asks us in the UK to ‘save the economy by paying off our credit cards’.

At the very same time he continues to ask the banks to lend more.

What do you really want Cameron?

A depression or more debt?

Because there are only two choices when you allow banks to create our money as debt as we do today.

So the next step – banks stop lending to each other again, banks go insolvent again and we either get one more round of bank bailouts and the public riot or the governments get downgraded further and let the ‘too big to fail’ banks go bust.

When they do this, this marks the end of our system as we know it.

Time for banking reform then.

We have our policies ready. Positive Money submitted them to the Independent Commission on Banking recently and they thought they were too extreme.

But when governments and banks go bust, they will have no choice.

Look forward to seeing you on the other side of banking reform.

It will be a beautiful future.

See you there.

Simon Dixon

P.S. Book coming next month now – ‘Bank To The Future – Protect Your Future Before Governments Go Bust’.

Simon Dixon

Can Hackers Really Delete the NYSE

Last week I wrote a blog during the Occupy Wall Street campaign about a YouTube video posted on a channel called TheAnnonMessage in which a computer-generated voice tells viewers that “on October 10, NYSE shall be erased from the Internet” in an operation dubbed ‘Invade Wall Street’.

To update you, a statement was later posted claiming to be from the ‘real’ Anonymous, saying: “Operation Invade Wall Street is bullshit! It is a fake planted operation by law enforcement and cyber crime agencies in order to get you to undermine the Occupy Wall Street movement.”

Yesterday, when the attack was supposed to happen, NYSE said that its Web site saw no disruptions.

Now, in the latest twist, the Youtube account used to post the original message, TheAnonMessage, has added a new video claiming the whole thing was a “high-scale media scare tactic”.

Simon Dixon

Hackers threaten to delete New York Stock Exchange

Obviously, many of you will be aware of the Occupy Wall Street protest by now.

There are protests outside Wall Street that are growing in numbers and further than just Wall Street now, with plans to do the same in other financial districts.

To keep up with what’s happening, I recommend you follow #OccupyWallStreet on twitter, as it is a great source of news and views about what’s going on.

I will keep you up-to-date by following @SimonDixonTwitt too if you like.

But how the banking fraternity on Wall Street reacted to protesters really made my blood boil?

Watch this (one minute in) …

We all know that there is a huge injustice in our current banking system that is only going to get worse and it really made my blood boil.

I am personally not a protester, I prefer to use the skills of entrepreneurship to make a difference, but this one really got me.

Drinking champagne, dressed in riches at the expense of us all is really low.

I would like to know how you feel about it and hear your opinion.

Here is one reaction that came from it from the same Hackers that have been attacking banking after the WikiLeaks boycotting by banks.

I really want to hear how it makes you feel and what you feel like doing after seeing such upheaval.

Simon Dixon
CEO BankToTheFuture.com
Founder of Benedix
Author ‘Student To CEO: 97 Ways To Influence Your Way To The Top In Banking & Finance’

Simon Dixon

Occupy Wall Street met with fat cats drinking champagne

OK, so protests are an emotional time. This one made my blood boil when I saw the video at the end of this post, but just before you watch it…

…Obviously there is a lot of anger behind those who protest outside Wall Street in the Occupy Wall Street protests, and for good reasons too.

This is a sign of things to come.

The reality is that the banking ponzi scheme is coming to an end and we have the perfect opportunity for banking reform.

As governments get further credit rating downgrades, taxpayers and investors are becoming less interested in subsidizing the governments debt.

The government is always the last in the chain under a private debt created monetary system.

First consumers max out their debt and companies expand as consumers spend more on credit cards. Then companies finance growth through debt in order to meet the demand of all those credit cards. As companies feel richer, staff feel more secure so they take on a mortgage on debt and max out further. Eventually people can’t repay, so the banks stop lending and as people default, the government has the choice to leave the country to fall into depression or take on debt to keep the ponzi scheme moving.

It all ends when the government cannot afford the next bailout. Now that only happens when investors refuse to lend, which only happens when they governments get downgraded further.

The final life-line to the ponzi scheme is quantitative easing and IMF bailouts etc. But all this is done through debt and you have the mass redistribution of wealth, huge rich and poor divide, the same un-sustainability and riots.

Hence where we are today. The end of the ponzi scheme.

If you have been following me for a while, you know there are solutions and that comes from taking away the banks ability to create money.

Oh, by the way, I am happy to announce, I have handed my publisher the final copy of ‘Bank To The Future: Protect Your Future Before Government Go Bust’ and it will available on Amazon at the end of November explaining how to handle the change ahead.

Anyway, the divide can be summed up in this video and it really made my blood boil to see bankers drinking champagne to antagonise the protesters.

I think this was such an disgusting move, considering the absolute injustice of our banking system.

I would love to hear how it made you feel.

Simon Dixon

The Future Of Facebook In Finance

I did a whole chapter on how money will evolve into social media platforms in the future.

Thought I would share this interesting take with you here as it features a few of my friends…

Facebook ad revenue is growing fast, but its currency system, called “Credits,” is growing even faster.

Facebook will collect revenue of $470 million this year from Credits alone, according to a new estimate from eMarketer, up from $140 million in 2010.

Facebook in July began requiring that all merchants in its ecosystem use the Credits currency. The social network takes 30% of all transactions.

While advertising remains Facebook’s biggest source of revenue, the Credits program now accounts for 11% of Facebook revenue

Anyway, thought it was worth sharing as it interested me, to keep you in the loop, the new book has just made it’s way to the publishers and is with the designers now. It will be called ‘Bank To The Future: Get Ready To Make Money In The Final Collapse’ and is meant as guide to your future as we transition to the socialism of money under banking reform.

Will update you shortly.

Simon Dixon

P.S. If you would like to be notified about the book launch leave your details at BankTo The Future.com here

Simon Dixon

The Great Depression Of 2013

So with the US credit rating downgrades, and speculation of more quantitative easing in the US and UK, I thought I would share my forecasts…

Here it is, as I see it…

1. The US credit rating downgrade is the first step towards a public opinion that people are not as willing to lend to government knowing that they will bailout banks during the next crash.

2. Quantitative easing will try to stimulate another false economy as we are seeing now, but as people take on more debt to stimulate the economy, they will remember that they can’t afford it again.

3. As the next round of regulations come into play and Banks need to have tighter reserves, banks will lay off their staff as they are now and use technology instead to cut costs to build reserves. So Basel III will essentially just create unemployment and make no difference on the stability of Banks.

4. As less people have jobs and more take on debt, we will have the credit card crisis next as people default on credit cards, sending the markets into turmoil again, followed by another housing crash, as people think housing is cheap right now and are leveraging up again.

5. Banks will stop lending to each other as they try to build reserves again and the government will freak out.

6. Governments will fail to raise money to bail out the banks as their credit ratings get downgraded further and banks will fold sending the economy into a depression by 2013.

7. Fed up with the depression we decide to stop the ponzi scheme and reform banking, opting for a system that will work as outlined on my blog.

I am very hopeful of the future at the other end, but we will have a depression to get there.

Love it or hate it, let me know what you think. I am finishing off my book on how to prevent this and would love to hear your comments for possible inclusion in the book.

Simon Dixon

Simon Dixon

New Poll Shows People Are More Interested In Curry Than Banking Reform

The people think that Online Curries is more important than BankingReform.

If you disagree, I need your vote here today, as the contest is about to end:

http://vote.thedrum.co.uk/

Many have asked me about my new venture Bank To The Future, our mission is to create a social bank that operates of full reserves to create a working model of the sustainability of banking reform.

This way the government cannot say it wont work.

Winning this pitch gives us a massive opportunity to fulfil this goal.

So need a tiny bit of effort from you to login using Twitter on the link below and cast your vote.

If you dont have a Twitter account, it takes seconds to set one up.

But to lose banking reform to online curries to me is tragic.

Here is the link to vote. If you experience any problems as some have, just switch browsers and it will work from one of them.

http://vote.thedrum.co.uk/

Thanks for your support and I will not let you down.

Simon Dixon

Simon Dixon

ICB Vickers Report Banking Reform or Submission To Banks

So the ICB report is out and we can now say for sure that the Positive Money submission for real banking reform was not actioned in any way.

It is clear to me from the final report that it is really a game of trying to please banks and submit to their threats of crashing the UK economy and trying to please the public by showing some kind of action.

My verdict?

I like the fact that there is some banking reform, unfortunately it is an expensive experiment that will not prevent the upcoming crash I forecasted in my YouTube video “The Great Depression of 2013”.

Here is a summary of the report:

- Ring-fencing is here and banks must separate domestic retail banking from global wholesale/investment banking.

- The commission is not clear whether banking for large companies should be in or outside the ring-fence

- The ring-fenced part of the bank should have its own board and be legally and operationally separate from the parent bank.

- Ring-fenced banks should have a capital cushion of up to 20% comprising equity of 10%, with an extra amount of other capital such as bonds.

- Capital could be moved from the ring-fenced bank to the investment bank, as long as the capital ratio of the ring-fenced bank did not fall below the 10% minimum.

- It should be easier to switch bank accounts and the ICB recommends “the early introduction” of a system that makes it easier to move accounts that is “free of risk and cost to customers”.

- The industry should be referred for a competition investigation in 2015.

In my upcoming book ‘Bank To The Future: How You Can Boom When Banks Go Bust & The One Investment Everybody Needs To Make”, I recommended the three commandment of banking reform based on the Positive Money submission:

1. Thou shalt make the banks ask depositors permission before they lend.

2. Thou shalt make the banks disclose to the depositors how they use their money.

3. Thou shalt give the license to create money to a democratic power.

So how did the ICB Vickers Report do?

Ring fencing goes a tiny way to actioning the second commandment on disclosure, but only a tiny way.

And that is about it.

The bank still becomes the legal owner of your money when you deposit money with them, they can still use that money for whatever they wish and they can still use it as collateral to create money.

So my forecast for the banking crash still stands.

The problem with requiring banks to hold additional reserves is as follows:

Without an alternative monetary system, requiring banks to increase their reserves only results in a reduction in the economy’s money supply leading to a recession and further unemployment as they replace staff with technology to cut costs, but with no more stability.

We still have more debt than money in our economy, we still need to increase debt in order to move out of the recession and any increase in reserves still leads to a decrease in the money supply in our economy.

The funny thing is, these reforms will cost just as much as real reforms and the problem will still remain.

I like the recommendations to encourage competition, but I want that competition to come from a full reserve bank.

I have been providing lots of commentary in mainstream media, so feel free to contact me if you are from the media and would like some commentary.

In case you did not see it, here is my forecast ahead.

Love to hear your thoughts…

 

Simon Dixon

Shocking Admission From Parliament I Cannot Justify Banks Illegitimate Ability To Create Money

It may not look like it in the video, but when I heard a respected politician, Sven Giegold in the European Parliament say this, I almost fell over…

We had a full discussion about banking reform and I brought up the question about banks ability to leverage their balance sheet (Eg. Create money out of nothing through fractional reserve banking).

For a member of the European parliament to discuss Irving Fisher’s proposals for full reserve banking (Eg. Stop banks from creating money out of thin air) is a rare treat.

To get it on video is even rarer.

Banking reforms time has come and so has our time.

So here is how I think this is going to pan out.

1. The US credit rating downgrade is the first step towards a public opinion that people are not as willing to lend to government knowing that they will bailout banks during the next crash.

2. Quantitative easing will try to  stimulate another fa
lse economy as we are seeing now, but as people take on more debt to stimulate the economy, they will remember that they can’t afford it again.

3. As the next round of regulations come into play and Banks need to have tighter reserves, banks will lay off their staff as they are now and use technology instead to cut costs to build reserves. So Basel III will essentially just create unemployment and make no difference on the stability of Banks.

4. As less people have jobs and more take on debt, we will have the credit card crisis next as people default on credit cards, sending the markets into turmoil again, followed by another housing crash as people are thinking property is cheap now.

5. Banks will stop lending to each other as they try to build reserves again and the government will freak out.

6. Governments will fail to raise money to bail out the banks as their credit ratings get downgraded further and banks will fold sending the economy into a depression.

7. Fed up with the depression we decide to stop the ponzi scheme and reform banking, opting for full reserves and a system that will work as outlined in my upcoming book.

Either that or we go for another round of quantitative easing and keep the ponzi scheme going for another cycle, followed by the steps above again.

Just depends how long we want to leverage the central banks balance sheet to determine when we will have real banking reform.

There is my crystal ball.

Simon Dixon

Love to hear your take…

Simon Dixon