Stop blaming the bankers!

[busa]

Originally Posted by hassid

What are you talking about? I know quite a few people who've 'made it' on the property market - and they were scrupulously honest! More than one of them grew up penniless.

Fact is good businessmen (people with an eye for a deal) are few and far between.

........and you will not find those kind of astute business people in politics or in the financial institutions.

Both the financial insitutions and the Houses of Parliament are only and have increasingly become "get rich quick schemes".

Property development is a very different and not unskilled business to either of the above.

I do agree that the lack of business acumen at the top of this country is woefull ! There lies the true greed.

This is the current "total fail" business model:
Make the product cheaper and cheaper by sourcing poor quality materials, child labour in developing countries, bling it up for the high street and sell it at an increasing over inflated price to gain record profit year on year no matter what the state of the market or state of the economy.
Its a fail business model.

[hassid]

Originally Posted by h2pogo

Counterfitting cash, lending it out and charging interest is stealing.

That's why banks don't deal in counterfeit money.

Please read the post by young Lawyer. If you have any questions afterwards read it again. And again. Until you get it.

Then if you have any counter-arguments please post.

[ultimate_warlord]

The whole world is falling apart and Mr. hassid says it`s fair. I`ve just been browsing the thread and I don`t see much support for his view.
The whole reason this forum exists is because we, the goyim human beings, know that something is very wrong with our world.
Yet Mr. hassid wishes to convince us otherwise. Mr. hassid thinks that a world owing three times its own value in debt to a secret body of inventors of digits is fair and square...
Well Mr hassid, I´m a penniless sufferer of the scam, and I don`t like you one bit.
That`s why I´m putting you on my "ignore".
To save myself from getting very angry and destroying my peace of mind.
I OWE NOTHING...TO NOBODY.
Adios...Mr. hassid...off to cyberspace limbo with you and your bogus money.

[zephirop]

Originally Posted by ultimate_warlord

The whole world is falling apart and Mr. hassid says it`s fair. I`ve just been browsing the thread and I don`t see much support for his view.
The whole reason this forum exists is because we, the goyim human beings, know that something is very wrong with our world.
Yet Mr. hassid wishes to convince us otherwise. Mr. hassid thinks that a world owing three times its own value in debt to a secret body of inventors of digits is fair and square...
Well Mr hassid, I´m a penniless sufferer of the scam, and I don`t like you one bit.
That`s why I´m putting you on my "ignore".
To save myself from getting very angry and destroy my peace of mind.
I OWE NOTHING...TO NOBODY.
Adios...Mr. hassid...off to cyberspace limbo with you and your bogus money.

+1

And funny.

[h2pogo]

Originally Posted by hassid

That's why banks don't deal in counterfeit money.

Well it is kind of backed by some thing...Us and our children and their children..

If you want to know how it works dont beleive some anonymous lawyer on a forum FFS.

[busa]

Banks don't deal in counterfeit money?

Its not "money" its electronic data.
Its not real either.

Point in case is the original Greek bail out of $200 Billion or so?
Whereby the banks said to Greece if you accept the latest loan of $80 billion, they would reduce the original loan by 50%.
So they just changed the electronic data to change the numbers downwards by 50%.

As I said its not money, its not real.

You backed off Hassid? Am I talking too much truth for you?

[h2pogo]

Originally Posted by busa

Banks don't deal in counterfeit money?

Its not "money" its electronic data.
Its not real either.

Point in case is the original Greek bail out of $200 Billion or so?
Whereby the banks said to Greece if you accept the latest loan of $80 billion, they would reduce the original loan by 50%.
So they just changed the electronic data to change the numbers downwards by 50%.

As I said its not money, its not real.

Fiat money isnt exactly counterfit its legalised fraud..Couterfit is kind of the wrong word
But turning stuff that doesnt exist into money that doesnt exist and usnig that to trade for things that do exist and sell stuff that doesnt....Its an extremely clever and lucritive scam...All they have to do is press print now and again..

[hassid]

I haven't backed off, it's just that we've been over this and you haven't really come up with anything new.

Read young lawyer's posts (better yet, the entire thread to which I provided a link) as he explains the system really well.

It's not a matter of 'believing some anonymous lawyer' as some idiot wrote, it's the fact that he explains it very clearly.

[relentless]

I appreciate that a lot of you don't like the way this system works and because you don't like it think you shouldn't have to obey its rules. Unfortunately though the bank and its shareholders and depositors all assumed when they put the money up that you were going to play by the same rules as them. My suggestion therefore is that if you don't like the game, don't play. If you want to own property, then save up and buy it cash. For most people this is not an attractive proposition because the price of the property would make it difficult for them to save the purchase price over a life time- this is why mortgage finance exists, and frankly it is the greatest wealth creation tool for ordinary people that is in existence today. Many, many people the world over still have to save hard all their lives to have the benefit of living in their own home for just a few years before they die.

This is what hassid posted from his 'young lawyer', well I can only say that the young lawyer is also naive in his/her understanding.
The bank and its shareholders assumed that we would play by the same rules... thats beautiful "If you want property save up and buy it for cash" are you serious?

As for "wealth creation tool" how many people do I know who over the last few years who played those rules, created wealth only to have the lot (and in some cases it was a lot) removed as if it was a board game, except the bank never loses. Why is that? Why did a Banking industry created bubble burst then have bail outs then tighten lending and create a situation where their 'customers' started failing. All of a sudden a 'wealth creation tool' as you put it (bank propaganda BTW) becomes a wealth redirection tool, all titles and security against bank mortgage becomes property of BANK, game over for those playing by banks rules.
Multiply that out massively, and can you see what is really going on? Some call it theft, others a con, and some call it playing by the rules, doesn't matter the end result is greater % of 'wealth' in the hands of ever smaller % of the population, who just happen to be the bankers...

So whats the point in blaming them? I agree, yet you need to realise the game has moved on from where you (and YL) saw it. Adaption is the key.

What would you say hassid, now that I'm not blaming the bankers?

[stelios]

Originally Posted by hassid

What are you talking about? I know quite a few people who've 'made it' on the property market - and they were scrupulously honest! More than one of them grew up penniless.

Fact is good businessmen (people with an eye for a deal) are few and far between.

I believe you.
But you must also be aware that it is far easier for a Jew to get a big bank loan than anyone else.
Finance for speculation is not available to the average punter but it is available for Jews.

[hassid]

Originally Posted by stelios

I believe you.
But you must also be aware that it is far easier for a Jew to get a big bank loan than anyone else.
Finance for speculation is not available to the average punter but it is available for Jews.

That's simply not true.

(anyway, if only Jews get big loans, and by definition only Jews have to pay lots of 'usury', what do you care? In truth, however, it's just not true.)

[white zombie]

Why do banks and their private bond holders get to 'bet'/invest on losing enterprises, and then have the money refunded by the taxpayer so they dont lose a penny?

Whats not absolutely corrupt about that?

[ultimate_warlord]

Originally Posted by white zombie

Why do banks and their private bond holders get to 'bet'/invest on losing enterprises, and then have the money refunded by the taxpayer so they dont lose a penny?

Whats not absolutely corrupt about that?

Ask Mr. hassid...He`ll show you the way to fair play. If he was a football ref he would show the red card to the player who`s just got his legs broken by a kung fu sliding tackle.

[white zombie]

Originally Posted by ultimate_warlord

Ask Mr. hassid...he`ll show you the way to fair play. If he was a football ref he would show the red card to the player who`s just got his legs broken by a kung fu sliding tackle.

Yeah,seems that way 0_0

It's their money when they're winning and ours when they're losing. The Mafia would find it hard to top that, no offense to Mr Corleone.

[ultimate_warlord]

Originally Posted by white zombie

Yeah,seems that way 0_0

It's their money when they're winning and ours when their losing. The Mafia would find it hard to top that, no offense to Mr Corleone.

The mob offer you protection from themselves. Pay up or say your prayers.

Mr hassid will make you an offer you can`t refuse ALLRIGHT:-
Laugh out fucking LOUD or die laughing.

[white zombie]

The bank money making motto is 'Heads I win, tails you lose' and they always play for your coin.

[ultimate_warlord]

Originally Posted by white zombie

The bank money making motto is 'Heads I win, tails you lose' and they always play for your coin.

If Mr hassid tossed that coin it would probably land on it`s edge.
He`s just FANTASTIC.

[stelios]

Originally Posted by hassid

That's simply not true.

Lets broaden it to include venture capital finance, government grants and low interest bailouts.

[sandwarrior]

Originally Posted by hassid

Young lawyer wrote this in the FMOTL section (emphasis mine). I think it's highly relevant and informative.

Young layer doesn't know what he is talking about.

In a 10% fractional reserve system his 10000£ example would actually increase the money supply to 100000£.


Originally Posted by young_lawyer View Post
A lot of you here have got the wrong end of the stick with fractional reserve banking. The bank does not "create" money. The way in which they increase the money supply is that when you deposit, say, £10,000 in a bank, that bank will then lend out most of that £10,000. As such they no longer have that £10,000. In fact they only have say £1,000. However, you, in return for depositing that £10,000, then have an obligation from the bank to pay you £10,000. Because the bank is a sufficiently trusted institution, that has a good history of paying its debts, that obligation itself can be treated as money. That is not the same as saying it is money. If you go back to the bank and say "I want my £10,000 back in cash" then they have to pay you a REAL £10,000 which will have to come from other deposits. This is why a run on a bank (where everyone tries to withdraw their money at once) is so dangerous- if the bank could just create money then surely they would do so and the banking crisis would never have happened.

[busa]

Originally Posted by hassid

I haven't backed off, it's just that we've been over this and you haven't really come up with anything new.

Read young lawyer's posts (better yet, the entire thread to which I provided a link) as he explains the system really well.

It's not a matter of 'believing some anonymous lawyer' as some idiot wrote, it's the fact that he explains it very clearly.

You have made a claim that we should stop blaming the banks and accept its our fault for borrowing too much, but so far you have totally failed to support your claim.

You say you have borrowed too much and have bought an expensive car you cannot afford. It sounds like you just wish us to share in your own feelings of guilt?