Banksters !ruling the world?

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
09/03/2012 19:20

Should the Western world, make fractional banking, illegal?



wyn

astro941


Joined: 22/05/2011
Posts: 193

Message Posted:
10/03/2012 02:50

I say yes, my view is that it is all jerry mandering. They seem to play with large amounts of money and the ordinary people pay for their mistakes because they do not have any real money in their vaults. Almost like going to the bookies. Interesting terminology has appeared 'haircuts' Oh yes, send the b----rs to the Tower, show them a real haircut.



Now a lender can be forced to buy bonds by Law.



It will be interesting to see what word is used when debts cannot be expressed in Trilions. Treillions?



Global capitalism has now involved Governments and turned them into businesses. Who is kidding who, the banks are running rings around everyone.

Dillon


Joined: 05/02/2012
Posts: 134

Message Posted:
10/03/2012 07:30

The Goldsmith’s in London started the practice of issuing loans in excess of Gold deposits held on behalf of their customers as far back as the 13th Century, which in turn, developed into the model for today’s banking practices worldwide, and it’s been boom and bust ever since.

It was unsecured credit that caused the last four poundings that Sterling got in 1931, 1967, 1976 and more recently in 2008, "A weak currency arises from a weak economy which in turn is the result of a weak Government.” Gordon Brown, he kind of shot himself in the foot with that one, although not nearly as much as the spectacular failure of the 1967 “The Pound in your Pocket” speech by Harold Wilson…

Dillon


Joined: 05/02/2012
Posts: 134

Message Posted:
10/03/2012 07:31

…Lending more money than you have reserves, as bankers do, is ‘Bad’ but very profitable.

Printing more currency than you have reserves as Governments do, is ‘Bad’ and renaming the practice as ‘Quantative Easing’ sounds really sexxy, but it’s still ‘Bad’.

Take the above, remove it from the banking and Government sectors, put it into the private sector, call it a Ponzi Scheme and it’s illegal! Work that one out ?

Unless the world’s economists come up with a more profitable, legal? method of making money, and frankly, I can’t see a faster and more profitable way of making money, than just inventing or printing it!?! Nothing is likely to change in today’s Fractional Reserve Banking practices, economies will continue to boom and bust and you and I, the consumer, will continue to pay for it.