Posted on 01/27/2005 10:05:34 PM PST by DaiHuy
CHARLOTTE, N.C. - Bank of America Corp., hoping to grab a larger share of the U.S.-Mexican financial services market, will drop all foreign exchange and other transfer fees between the two countries, the bank said Thursday.
Starting in Chicago, the Charlotte-based bank will offer account holders free money transfers between the two countries by the end of the year. Other customers will pay a reduced fee until the program rolls out nationwide in late 2005.
"Our customers have identified this need, and we are responding," said Liam McGee, the bank's consumer and small business president.
According to the United Nations, U.S. consumers sent $13.9 billion to Mexico in 2003 through remittances.
"Remittances to Mexico and the fees charged have been an issue we've been discussing for some time," said Janet Murguia, executive director and chief operating officer of the National Council of La Raza. "The elimination of fees is a great benefit to those hardworking immigrants who save their money to provide for families back home."
Bank of America opened more than 1 million checking accounts for Hispanic customers in 2004.
They come, they work off the books and send all the money back to Mexico. But if they get sick...YOU pay! And Jorge Bush LOVES it! Viva Bush!
Not suprised at all. Bank of America accepts Matricular consular phony id cards against the recommendation of the dept. of Homeland Security.
I did not know that.
"...to get to America, to work more hours, to make more money, to send to Mexico, for family to get to America, to work more hours, to make more money, to send to Mexico..."
Wasn't it a BOA/illegal immigrant love fest where that protester was hit? IIRC by a lawyer?
Lets accomadate the ILLEGAL ALIENS a little more, after all the American customers can pay for it.
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Sad and true, isn't it? So now the banks, given the density of money transfers from illegals back to their homes in Mexico, are competing for their business...sort of. I guess they want their checking business, or the like, otherwise why would they give up transfer fees?? There has to be some method in the madness...and I mean madness...
As long as Business promotes the illegal invasion, and they do, our politicians will continue to sell us out.
The ONLY solution is to vote them out of office. Vote third party..someone who isn't yet owned by the Corporate Rulers. As long as the two parties are in power, all policy and legislation and enforcements will benefit corporate America.
Wells Fargo Bank also
Also, anyone having an account with those doing business with illegals should close it out and make sure you tell them why. They want illegal money, let them live on illegal money.
Figures, they have been screwing the people here in the USA for years and are going to keep it up.
Change banks!
-PJ
Great, here's another institution that treats illegals better than the legal American customer.
Washington Mutual charges me 2$ on each non WM atm i use, ontop of the 2$ the bank whome owns the atm fee. so it's 4$ a pop each time i use a non WM atm. I'm probably going to shop around for a bank that desn't charge me to use atms that are not theirs if that exists.
American natives are financed up to their ears, and we are involved in a war that is probably going to be generations long. In fact we have been involved in conflicts or 'undeclared wars' for an entire generation and more already. Taxes need to be paid. New money needs to be borrowed into existence all the time to keep this country alive. Without new money being created this country will die. The only way new money can be created is by the federal reserve printing it out. It is a known fixed system yes, and doomed to fail and yet those in power keep it alive. Please read on.
The average credit card unsecured debt per US citizen/ family would astound most people. Most couples have more than one mortgage and more than one car payment. More than their share of the population can barely pay their finance charges for their Visa card in this country on unsecured debt. In short the native citizens of the good ole USA are tapped out financially.
In the book 'War Cycles, Peace Cycles' by Richard Kelly Hoskins, what I am going to go over in brief here is covered quite well. While Mr. Hoskins is by most definitions controversial, his interpretation of history is flawless.
Historically it can be proven that 'usuary' societies from the beginnings of the eariliest banking cartels have always followed the same format. To most Americans the invasion of all these illegal aliens coming up from Mexico and elsewhere is seen as an intrusion that should be stopped at all cost. Most citizens don't understand the implications of why our government would allow this to happen let alone condone it. They simply do not see the big picture in the way an international banker would. Proof of this is in the fact that most citizens, like yourself, see this migration into our country as a big negative, when in fact it is most likely one of a handful of things keeping us from complete and utter failure as a nation. In 2001 there were 8.5 million known illegal aliens in the USA. As of this writing the count exceeds 20 million. Why?
To the bankers and lending facilities in the US and abroad these illegal aliens are simply new debters or people with a clean slate to work from. The bankers want to finance these people's homes, their cars, and their lives and put "new money" into existence to pay taxes to pay for the war and to keep the status quo. When the society at large or the natives, become too overburdened with debt this happens and has happened throughout history. Let me explain.
What we are seeing happen right now before our eyes in the USA has happened before and therefore can be easily predicted when you look at it historically. In Rome we see a prime example of the 'ideal war' and it can be easily applied to what is happening today in Iraq, as the situation there is by definition an 'ideal' war to those in power.
According to Mr. Hoskins. The ideal war is one with light casualties that can be spanned out for great lengths of time and almost turned on and off at will over that course of time. Spain's war with Rome is a good case for example. Rome waged war with Spain for many generations. This war went on so long in fact that at times the society forgot they were still at war until the powers that be needed to reignite the flames of passion in the peoples for their cause.
Whenever money got scarce as interest payments took money out of circulation, the Spanish war would be taken off the back burner once again and heated back up.
Does this sound familiar? It should. We have been at war for a very long time with Iraq already. It was just taken of the back burner quite recently for the very reasons I'm writing about and more. This strategy provided the ruling class a convenient excuse/reason to levy new taxes on their citizens which usually meant the citizens had to borrow new money into existence to pay those taxes.
Where did they get this new money you ask? Well, from their always friendly bankers ready to lend money at the drop of a hat of course. How many people do you know that paid their past year taxes with their Visa or MasterCard? When the Roman citizens could no longer be relied upon to borrow this new money into existence there was always an alternate plan B so to speak that has always been found historically in 'usuary' societies.
In times past the slaves in any given society would be freed to create new debters when the need presented itself. This was simply because of declines in the potential borrowers of any native population and not for humanitarian reasons as is portrayed historically.
Authorities are forced by circumstanes to free slaves so that they in turn could borrow new money into existence in the society in which they lived. The slaves were in effect the new clean slate of 'potential borrowers' that was needed.
You see it goes like this. Straight from Mr. Hoskins himself. First usuary causes inflation, then heavy debts are accrued over time by the native citizens, which eventually leads to people that own nothing. They own no land or material possessions at all. In fact they own nothing that can be claimed free and clear because everything is paid for with borrowed money. This leads to lower birth rates, and fewer 'potential borrowers' hence the declining native population, which leads to fewer natives to loan new money to and finally it leads to "IMMIGRATION" of new peoples needed by the bankers to borrow that new money into existence to pay taxes needed to finance the generations long war (s).
Historically the slaves being freed would also achieve the same end result as immigration does for the bankers today. In a nut shell description Mr Wooldridge. A debt free "potential borrower" (illegal alien from Mexico or elsewhere) is more valuable to the banking cartels than a heavily indebted native citizen of the United States of America. This is why the borders are being opened up on all fronts in the USA plain and simple.
I recommend the book War Cycles Peace Cycles for anyone that wishes to become more enlightened as to current events and what is coming in the near future. It isn't going to get any better. In fact it is going to get worse and in pretty short order.
To put this whole writing another way, ask yourself this simple question. Imagine that you are the first borrower. Thats right, you are the very first person to take out a loan right after the privately owned misleadingly named federal reserve was started in the early 1900s. Lets say that you borrow $50 from the newly formed federal reserve. That $50 is all the money that has ever been printed. IT IS ALL THE MONEY THAT IS IN EXISTENCE PERIOD! Yet, although $50 is all that exists you just signed papers saying you would pay back $75. So, the question is, how do you intend to pay back $75 to the federal reserve, when all the money that exists in the world is $50? Answer: you can't.
Now imagine this on a grand scale and you just begin to touch the tip of the iceberg, so to speak, as to the condition of our state of affairs in the good ole USA. We as a nation owe more money by 4 times, (probably closer to 5 times at this writing) than all the money that has ever been printed into existence. It was a doomed system from the start. It cannot be corrected by juggling the books. The fate of this situation is as good as written in stone. Once the new borrowers, AKA, illegal aliens are exhausted and tapped out as the American citizens are look out! It will all hit the fan in one big jumbled mess then, and the only precious metals you will be concerned about at that time will be in the form of lead, not gold or silver.
BofA and Wells Fargo.
Hey, I have a need. Wanna meet that, Bank of America?
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