Weapons of Mass Financial Destruction (WMFD)

By:

Bill Holter

Global Research, January 29, 2016

Every once in a while it is a good thing to review something we already know and have known for quite a while. What we’re talking about are derivatives and the very basics of how they work… or not.

We have seen massive volatility since the Fed raised rates last month.

The humor (tragedy), admitted to yesterday by the Fed, the 4th quarter saw slowing economies all over the world and “Nobody Really Knows Anyt

You just learned you have a new credit card account by checking your credit or because a bill collector called you. Problem is that you don’t remember ever applying for it. You must find out what’s behind this new account and how it got there.

• Call the corresponding phone number listed with the account seen on your credit report.
• Begin the process for disputing the entire account.
• Get the name (and employee ID number) of every person you speak to and a transaction or reference number for every phon

Credit union online news agency CUInsight.com recently published an article declaring cybersecurity a “must” for credit unions. In support of its position, author Stuart Levine cites more than 400 incidents – recorded by the Identity Theft Resource center in 2015 – putting at least 80 million records at risk and tallying costs in excess of $100 million for the targeted organization.

What’s the best way for credit unions to tackle cybersecurity risk management? The author suggests credit unions st

Thinking of bringing a credit card with you on your travels? You can end up in a jam: You just treated your extended family to fine dining in France. Time to pay; your credit card is declined.

If you try to make a purchase overseas, your credit card company might think it’s fraudulent, since it would appear anomalous, relative to your usual, U.S. purchases.

So before you leave for your trip:

• Back up credit card data. It’s always important to have a backup of your card data, both online and in print

Social Credit and Usury

Originally Posted on November 07, 2014 by:

M. Oliver Heydorn

www.socred.org

One of the most common misunderstandings where Social Credit is concerned is the notion that the Social Credit diagnosis can be adequately summarized along the following lines: "The problem with the existing financial system is that the banks create money out of nothing in the form of bank credit and then proceed to charge interest on the money that they loan out. Unfortunately, they do not crea

One difference between a credit card and a debit card is that if there’s an unauthorized charge on your credit card, you just get a little sting. It’s a hassle to straighten out. But no money is taken from you.

But if someone gets ahold of your debit card information, the second they use it, depending on the nature of the transaction, your bank account will be drained. And in some cases, you can kiss that money goodbye; you got scorched. More than ever, crooks are using others’ debit card data an

When you hear the dictum, “You should protect yourself from identity theft,” do you equate this with pushing a wheelbarrow loaded with rocks up a hill? It would actually be more accurate to picture slicing into a fresh apple pie, because identity theft protection is as easy as pie. Check out the following things you should do—without breaking any sweat:

1. Examine your credit card statements once a month to catch any unauthorized charges. Even a tiny charge should not be blown off, since often, thie

Ajay Kumar Jhingan, our member and International Speaker/Trainer in Corporate and Retail Banking, has just created a new course in Global Risk Academy - The Fundamentals of Credit analytics and we want to ask him more about his course and how it will benefit our members.

1.     Why have you decided to develop this course?

I have served banking industry in India for almost three decades. Credit department remained as one of my foremost choices. The main consideration, among other things, sti

What would you rather have happen to you? A Russian ring of hackers has infiltrated your computer and smartphone and is hell-bent on taking control of your finances, social media life, even the smart gadgets in your house…OR…you’ve just been diagnosed with paranoid psychosis, and in fact, nobody’s out to harm you at all.

In a day and age where it’s become increasingly easy for hackers to hijack your credit card and bank accounts, spy on your baby by hacking into the baby-cam and spy on you via yo

Ever see those public bulletin boards with all the business cards on them? Don’t be surprised if you spot one that says “Hacker•for•Hire.” These are hackers who will, for a nice juicy fee, hack into your wife’s Facebook account to see if she’s cheating on you.

However, there’s at least one hackmaking site that matches hackers to clients who want to infiltrate a network for personal gain or even revenge. The site, Hacker’s List, is a good idea, certainly not the first of its kind; the site’s found

Just when you think it was safe to believe your Social Security number can’t get stolen…news breaks of the Anthem data breach. Over 80,000,000 patient records were compromised, including SSNs and home addresses. Like a meteor striking the earth, a disastrous ripple effect is underway, with patients getting hit up with phishing e-mails.

If you ever suspect your SSN has been stolen, some suggest contacting the IRS and Social Security Administration and notify them of your situation. The thief can d

It’s amazing how ingenious cybercriminals are, but the victims also need to take some responsibility for falling for these ruses, especially when the victim is a business that has failed to train its employees in cybersecurity measures.

Ransomware

The stuff of science fiction is here: Who would have ever thought there’d ever be a such thing as criminals remotely stealing someone’s personal information (word processing files, any kind of image, etc.), scrambling it up via encryption, then demanding

After taking all the necessary steps to Fixing a Credit Report after being hacked, it is then tome to rebuild your credit. Bad credit is bad credit no matter how it happens. No matter how responsible you are with your money, you won’t get a loan if there’s no evidence of this. The evidence comes from having credit. You need to show lenders you can be trusted.

• Every time you apply for a credit card, this puts a dent in your credit score. In other words, it can negatively affect your scores especi

First off, how NOT to fix a hacked credit report: signing on with a service that promises to correct the problem in a jiffy—a “sounds too good to be true” advertisement. A company that claims they will 100% fix your bad credit by removing negative information from your credit report is a bit scammy. In fact, whatever a credit repair company CAN legally do, you yourself can do.

Tips to Know Ahead of Time

• If a company takes action against you, you’re entitled to a free credit report if you request i

The purpose of this blog post is to stress the importance of financial education (literacy) by gathering valuable resources that will help both youth and adults get a better understanding of finance.

I chose to write about financial literacy as lack of it represents the basis for most of the legislation and regulation initiatives. With products getting more complex the consumers are more vulnerable to mis-selling. Also, this is no secret consumers may show irresponsibility in their financial deci