Your Questions About Financial Freedom Of America

Linda asks…

London vs America vs Toronto?

Hey guys which coubtry among these is better for education i want to choose one of them for my further studies actually i also want to know which is economically better for job after completing my education people say you dont get a job in london is that really true? Most of the people preffer torronto for education and they say after you complete your education in Toronto you get job in USA so which country is better for job and studies well London should be more better because its currency is pounds right? I really want some help

John answers:

In the 21st Century, there’s no question about where to go and that’s Canada:

-The world’s best advanced economy.
-The world’s soundest banking system.
-The world’s top country brand-rating.
-The world’s most tolerant nation.
-The world’s most multicultural society.
-The world leader in educational attainment.
-The world leader in research impact.
-The world leader in adopting the latest technologies.
-The highest quality of life in the G7, the world’s 7 leading industrial nations.
-The safest G7 nation to live in.
-The G7’s most fairly-administered judicial system.
-The G7 leader in providing equal opportunities for individuals.
-The only G7 nation fully recovered from the global financial crisis & recession.
-The world’s best country for business.
-The strongest fiscal position of all G?7 nations.
-The best G7 nation for business over the next 5 years.
-Even the world’s highest percentage of large houses.

Canada’s also rated as being:

-One of the world’s 10 safest countries.
-One of the world’s 10 most peaceful nations.
-One of the world’s 10 happiest countries.
-One of the world’s 10 least corrupt nations.
-One of the world’s 10 freest countries.

Both the US and UK were brought to their knees by the Global Financial Crisis & Recession.
Neither of them are back on their feet yet.
Both have higher unemployment rates so it’s harder to find work in the US/UK than in Canada.
Things in the US got so bad, US-based media recommended moving to Canada to find work:
Link – http://www.huffingtonpost.com/2010/07/09/need-a-job-try-canada-whe_n_640555.html

And so you know, times have changed.
Nobody gets educated in Canada and goes to the US for jobs anymore for all the reasons listed above and all the following reasons as well:

-Canada’s Constitution provides more rights & freedoms than America’s.
-Canadians pay fewer taxes per person than Americans.
-Canadians are richer: Canada’s median net worth is 70% higher than America’s.
-Canada’s national debt is measured in billions. Not trillions.
-Canadians are healthier & live years longer than Americans thanks to universal healthcare.
-Canada’s Triple A credit rating was reaffirmed, not downgraded like America’s was.

Three of the world’s 10 Most Livable Cities are Canadian (Toronto’s one of them.)
None of the others are in the US or UK.
-The UK’s Economist Intelligence Unit annual index.

“The majority of Canadians view immigration as a positive thing, in direct contrast to the increasingly anti immigrant attitude in other Western developed countries”
-The German Marshall Fund, a US-based think-tank.

“Canada now ranks higher and boasts North America’s freest economy. More worrisome, for the first time in the Index’s 16-year history, the U.S. Has fallen out of the elite group of countries identified as “economically free” by the objective measures of the Index.”
-Heritage Fund annual Index of Economic Freedom
Link – http://online.wsj.com/article/SB10001424052748704541004575011684172064228.html

There’s also the future to consider:
Link – http://www.thecanadvocate.com/2009/12/14/the-promise-of-a-canadian-superpower/

Brits who’ve left the UK rate Canada as the best place to live:
Link – http://www.reuters.com/article/2012/02/29/expats-lifestyle-survey-idUSL4E8DS8I320120229

And the Irish are increasingly moving to Canada as well:
Link – http://news.yahoo.com/bad-luck-o-irish-blessing-canada-immigration-continues-081601228.html

So are the Yanks:
‘Americans moving to Canada in record numbers: report’
Link – http://ca.news.yahoo.com/blogs/canada-politics/americans-moving-canada-record-numbers-report-161857845.html

And everyone else as well:
“More than half of people around the world say they would abandon their homelands and move to Canada if they could. Given the choice, 53 per cent of adults in the world’s 24 leading economies said they would immigrate to Canada.”
Link – http://www.theglobeandmail.com/news/world/g8-g20/news/the-world-would-love-to-be-canadian/article1612707/

So while the US, UK and Canada are great choices for education, if you’re looking to make a future for yourself afterwards then Canada’s the only choice.

Carol asks…

Why is America building Detention camps?

http://www.renewamerica.us/columns/webster/090212

The Govt. is throwing up detention camps all over the United States. Many say it is because they are scared of an uprising.

Not sure if it is because trillions of disappearing out of the National Reserve.

Or Obama’s plan to begin mandatory Servitude for those 18-25

Or they are going to abolish the 2nd amendment

Or incase of a financial crash. (this isn’t happening now because wall street got their money, they were threatening to crash us if they didn’t get it)

There is something brewing…….

http://www.youtube.com/watch?v=T3vp8Q18bfw

John answers:

Freedom of speech is being threatened even to the point where the Obama administration is openly and brazenly attempting to silence Rush Limbaugh and other conservative talk radio hosts. The forces against freedoms must be setting things up for the oppression of millions of people who are going to fight back.
There has been a big jump in gun and ammunition sales since the radical anti-Constitutionalist Obama became President.

Nancy asks…

Is centralized banking responsible for the USA’s financial woes, and how would have america done…….?

…..with a no debt currency like Andrew Jackson endorsed in the continental dollar that was very popular in the day, it appears centralized banking failed at least twice in this country with the 1st and 2nd national banks of america ,doesn’t anyone realize that the 3rd national bank of america is actually our current federal reserve ?
if we played the same game the federal reserve does on marginal lending practices, we would go to jail for fraud, how do they get away with it ? please explain, or give your opinion on it.

John answers:

Sadly America is TV educated, and Corporate Media is not going to do something that is counter productive to their own cause like actually educating people. I feel your pain, but all we can do is keep injecting truth into the situation and hope the patient recovers.

You get a star my friend :-)

For greater knowledge and understanding of how the world works you owe it to yourself and future generations to watch the following documentary that was created and supported by some of the worlds best economists.

Please take time to learn the hidden story about the money in your pocket.
This is the most informative and factual video on economics you can watch.
THE MONEY MASTERS

This documentary has been endorsed by:
Milton Friedman ……….…. Nobel Laureate in Economics
Arun Gandhi…………….…. M.K. Gandhi Institute for Nonviolence
Dr. D. James Kennedy…… Coral Ridge Ministries
Aaron Russo………………. Producer, Director, Writer: America, Freedom to Fascism
G. Edward Griffin…………. Author: The Creature from Jekyll Island
Dr. W. Cleon Skousen……. Author: The Naked Capitalist, The Naked Communist

I believe our system has gotten so far off track that anything short of a full monetary reform act is only putting a Band-Aid on a terminal hemorrhage.
Please read and tell your congressman to support this monetary reform act.
Http://www.themoneymasters.com/printable-mra.htm

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
– Henry Ford

“The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…
Their secret is that they have annexed from governments, monarchies, and republics the power to create the world’s money…”.
– Prof. Carroll Quigley

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
– Thomas Jefferson

Thomas asks…

Bank of America?

History
Acquisition

John answers:

1874 Feb.: A consortium of prominent local citizens forms the Commercial National Bank (CNB) in Charlotte, North Carolina, with initial capitalization of $50,000.

1887 Nov. 02: Citizens Bank of Savannah (CBS) opens for business in Savannah, Georgia, with initial capitalization of $200,000.

1901: George Stephens and Word Wood of Charlotte establish the Southern States Trust Company (SSTC).

1906: CBS merges with its cross-town rival, the Southern Bank, to form Citizens and Southern Bank (CSB).

1907: SSTC changes its name to the American Trust Company (ATC).

1928: CSB begins opening branches in South Carolina.

1940: CSB spins off its South Carolina branches as Citizens and Southern Bank of South Carolina (CSBS) in anticipation of federal laws against multistate bank ownership.

1957: CNB merges with ATC to form American Commercial Bank (ACB).

1959: ACB expands its operations throughout North Carolina by absorbing the First National Bank of Raleigh.

1960 July 01: ACB merges with Security National to form the North Carolina National Bank (NCNB). NCNB employs 1,300 at 40 offices in 20 cities throughout the state, with assets of $480 million. The new bank expands aggressively, acquiring nine North Carolina banks during the next eight years.

1968: NCNB forms NCNB Corp. (NCNBC) as a holding company to manage its subsidiary operations.

1970: NCNBC operates 91 offices in 27 North Carolina cities.

1979: NCNBC absorbs the Bank of Asheville and Carolina First and becomes the largest financial institution in North Carolina.

1981: NCNBC becomes the first non-Florida bank to offer retail services in the state, purchasing the First National Bank of Lake City.

1983: Hugh L. McColl, Jr. Becomes chairman of NCNB.

1984: NCNBC adds to its Florida operations, acquiring banks in Boca Raton, Tampa, Miami, and Bradenton. Virginia National Bankshares and First and Merchants Bank merge to form Sovran Financial Corp. (SFC).

1985: CSB acquires Landmark Banks of Florida. NCNB purchases the Pan American Bank of Miami, Florida, with assets of $2 billion, and enters the financial market in Georgia with the acquisition of Southern National Bankshares Inc. Of Atlanta.

1986: NCNB expands its operations into two new states, purchasing the Bankers Trust of South Carolina and the Prince William Bank of Virginia. SFC absorbs with D.C. National Bancorp and Suburban Bancorp of Bethesda, Maryland. CSB acquires CSBSC.

1987 Nov.: SFC expands its service into Tennessee and Kentucky, absorbing Commerce Union, a bank holding company based in Nashville, Tennessee.

1987: NCNB expands into Maryland, acquiring CentraBank of Baltimore.

1988: NCNB is chosen by the Federal Deposit Insurance Corp. (FDIC) to manage the restructuring of the First Republic Bank Corp. (FRBC), Texas’s largest financial institution. NCNB purchases a 20% interest in FRBC.

1989: CSB and SFC merge to form C&S/Sovran (CSS). NCNB renews merger talks with the new bank. NCNB attempts to purchase CSB, but CSB successfully resists the takeover, objecting to it due to NCNB’s entry into the depressed Texas banking market, and to the low price offered by NCNB for the company.

1989: NCNB acquires complete ownership of FRBC and purchases University Federal Savings (Texas) and Freedom Savings and Loan Association of Florida.

1990: NCNB acquires nine banks from National Bancshares of San Antonio, Texas.

1991: NCNB takes over CSS in a $4.26 billion acquisition, and changes its name to NationsBank Corp. (NC). Former CSS chairman and CEO Bennett A. Brown becomes NC’s chairman of the board, while McColl functions as the new bank’s CEO. NCNB receives a contract to manage the real estate interests of Bright Banc Savings (Texas).

1992: NC opens for business. NC invests $200 million in MNC Financial, Maryland’s largest bank, to obtain a five-year option to purchase the bank. NC reports net income of $1.14 billion for the fiscal year, a 467% increase over NCNB’s figures for the previous year. NC announces plans to cut its payroll by 9,000 employees over the next three years, and offers 3% of its shares for purchase by employees.

1994: NC is the fourth-largest banking company in the U.S., operating 1,800 offices in nine states and the District of Columbia. NC is ruthless in its cost-cutting measures in newly acquired banks, and plans to cut its workforce by an additional 6,000 by year’s end. NationsBank, along with Citibank, are reported to lead the industry in race discrimination in lending.

1995: NationsBank buys back six million shares in an effort to boost stock prices. Mention by a top NationsBank executive of a rumored merger between NationsBank and Chase Manhattan results in a 4.5% drop in stock prices. CSF Holdings and Intercontinental Bank, two Florida banks, are purchased by NationsBank for $516 million and $218 million, respectively.

1996: NationsBank acquires Boatmen’s Bancshares Inc., headquartered in St. Louis, Missouri. This acquisition introduces NationsBank to the Midwest market. The firm agrees to buy back up to 20 million of its shares worth $1.59 billion. NationsBank introduces a “smart card” which resembles a credit card, but comes pre-loaded in $20, $50, or $100 denominations and keeps track of spending using a built-in microprocessor.

1996: NationsBank plans to introduce a service allowing customers to access their accounts and conduct banking transactions via the Internet using a version of Managing Your Money personal finance software. NationsBank offers stock options to employees.

1998 April 13: NationsBank offers $66.62 billion in stock for BankAmerica Corp.

1998 Aug.: BankAmerica announces a $22 million loss on Russian bonds, the result of Russia’s economic downturn and subsequent default on debt. BankAmerica’s stock prices fall, which reduces NationsBank’s purchase price.

1998 Sept. 30: NationsBank and BankAmerica complete a $49 billion stock merger to become the largest bank in the U.S. Although the deal is technically a purchase of BankAmerica by NationsBank, the newly merged company takes on the BankAmerica moniker.

1998 Oct.: The former BankAmerica announces a $372 million loss on its Shaw loan, which causes NationsBank management to question the soundness of its decision to purchase BankAmerica.

1999 April: The mortgage units of Nationsbank and BankAmerica officially merge into BankAmerica Mortgage, the largest mortgage operation in the U.S., with 2.7 million customers.

1999: BankAmerica changes its name to Bank of America Corp. (BofA)

2000 April: BofA joins the flux of banks planning to launch Internet-based business-to-business marketplaces for corporate customers.

2000 July: In a massive restructuring, BofA announces the elimination of 10,000 jobs nationwide, primarily in middle- and upper-management, representing six-percent of its workforce. It also plans to shift its retail banking headquarters from San Francisco to Los Angeles.

2001 April: McColl retires, leaving Kenneth D. Lewis to take the helm. Under new leadership, BofA adopts a new strategy that focuses on brand development, client relations, and organic growth. The firm also launches a Six Sigma quality and productivity program that is expected to result in cost savings

2001: Revenues grow to $34.98 billion, although total assets fall to $621.76 billion

2002: With more than 17 million BofA debit cards in use, the firm is the largest debt card issuer in the U.S.

2003 March: BofA pays $1.6 billion in cash for a 24.9% stake in Grupo Financiero Santander Serfin, based in Mexico City.

2003 Nov.: BofA offers $47 billion in stock for FleetBoston Financial Corp. If the deal is approved, the combined bank will hold a nearly 10% share of U.S. Banking deposits.

2004 April: BofA completes its takeover of FleetBoston, becoming the second-largest banking concern in the world, as well as the fourth most profitable business. The firm operates 5,700 retail branches and 16,500 ATMs.

2004 Nov.: BofA sells its US Clearing and BrokerDealer Services subsidiaries to ADP’s Brokerage Services Group.

2004 Dec.: Chairman Charles Gifford announces his retirement.

2004: Profits grow from $10.81 billion to $14.14 billion as revenues climb nearly 30% to $48.9 billion.

2005 Jan. 31: President and CEO Kenneth Lewis takes over as chairman.

2005 Feb.: BofA admits that it has lost backup copies of personal information for roughly 1.2 million credit cards issued to federal employees, including more than 50 U.S. Senators.

2005 June: BofA agrees to acquire MBNA Corp., the third-largest credit card issuer in the U.S., for $35 billion.

2005 July: Growth continues as BofA agrees to pay $3.85 billion for the U.S. Retail automobile loans unit of GMAC.

Mandy asks…

The United States of America?

Hey! In no way am I talking down about Canada because it’s a great country too.. I think the United States is amazing! Why don’t some people like it? You would think that it’s everyone’s dream to live in the USA! They were the first country to have full freedom rights I believe, and the way of life is great! Racism doesn’t exist as much anymore, and they are a welcoming country (immigration wise) to everyone. All stars in the world become famous in the US and some of the best hospitals in the world are in the US.. Now I’m from Canada, and my family is half here and half there. I personally can’t wait to move to the US some day. I love how everyone there loves there country and is very patriotic. I even know some canadians here that hang up just a US flag outside there house. You can live in any climate you want and can be what you want in life. Sure the country is in a problem with the debt and jobs, but some countries out there have a 30% unemployment rate and the US is only at 10% I believe which in reality isn’t that bad. I think Canada is at 8%. Places around the world are stealing American ideas and making them for cheaper putting Americans out of work. I don’t care about where the product is made, instead I care about where it was invented and who invented it. The money belongs to that country. GOD BLESS AMERICA and stay happy knowing your an AMAZING country (my favorite) :)

Happy holidays everyone!
-World Peace-

John answers:

Yeah, thanks for the Global Financial Crisis due to the Sub-Prime Mortgage Lending. America has a lot to answer for.

Powered by Yahoo! Answers

This entry was posted in Uncategorized. Bookmark the permalink.