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Subject: Hwere has your money gone ( ours too )
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johnwestwood
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Posted Wed, Feb 1, 2012 4:02 pm

Attached Link: where's the money gone

Ive been blabbing on about this for years, probably  incoherently , nevertheless


j




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GillySlinn




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Posted Wed, Feb 1, 2012 4:13 pm


Subject: Hwere has your money gone



Hwell I haven't got it.

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GillySlinn




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Posted Wed, Feb 1, 2012 4:15 pm

... and that video's nearly two hours long!


We've only got an attention-span of thirty seconds.

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johnwestwood
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Posted Wed, Feb 1, 2012 4:15 pm

Ufck. Typos everywhere

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FastEddie
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Posted Wed, Feb 1, 2012 4:22 pm

GILLY!  For you, I could do 2 hours. In 30 second increments, of course...

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johnwestwood
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Posted Wed, Feb 1, 2012 4:26 pm, Edited Wed, Feb 1, 2012 4:28 pm

Quote - "

... and that video's nearly two hours long!


We've only got an attention-span of thirty seconds.


"



Its worth the  effort. while Made in USa  , its applicable almost everywhere.


FF  to about 49 minutes  and also about 55 minutes  to se ehow the banks created  depression deliberately


j



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GillySlinn




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Posted Wed, Feb 1, 2012 4:31 pm

Inside Job  the feature length film on thje subject is good too.



Eddie Baby!! 


If you've got the energy - I've got the thirty seconds !!   


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johnwestwood
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Posted Wed, Feb 1, 2012 4:37 pm, Edited Wed, Feb 1, 2012 5:06 pm

In Canada,  and NZ  for a while, there was a  political party  called Social Credit who esposued  financial reforms .


Basically because the  banks  practices were  govt  guaranteed  the proifts, therefore , should go to the govt..being US the people..


 There was more to their  policy  than just  this . Il see if I can  find more



J



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Ken_Damkier




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Posted Wed, Feb 1, 2012 5:03 pm

Two weeks ago I watched the movie "Too big to fail".
Interesting angel to the subject.
Ken
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geediane
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Posted Wed, Feb 1, 2012 5:59 pm, Edited Wed, Feb 1, 2012 6:00 pm

Qhuack. Qhuack.  Me a dhuck.  hWaddle. hWaddle.

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GillySlinn




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Posted Wed, Feb 1, 2012 6:08 pm

Hwhat?

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pianoman3




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Posted Wed, Feb 1, 2012 6:28 pm

Quote - "Two weeks ago I watched the movie "Too big to fail".
Interesting angel to the subject.
Ken"


I saw that movie too, Ken, and I also just sat through 2 hours of basic common sense and learned what I felt I already knew.  I've given up on politics but I would vote for anyone with the guts to take on the banks and the corrupt financial system. It was awful to see how the criminals of banking and the useless, puppet governments and had managed to bring down Iceland's great system.


Thanks John. definitely one of your better posts and a very well made documentary it was!



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johnwestwood
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Posted Wed, Feb 1, 2012 7:58 pm, Edited Wed, Feb 1, 2012 8:00 pm

Quote - "

Quote - "Two weeks ago I watched the movie "Too big to fail".
Interesting angel to the subject.
Ken"


I saw that movie too, Ken, and I also just sat through 2 hours of basic common sense and learned what I felt I already knew.  I've given up on politics but I would vote for anyone with the guts to take on the banks and the corrupt financial system. It was awful to see how the criminals of banking and the useless, puppet governments and had managed to bring down Iceland's great system.


Thanks John. definitely one of your better posts and a very well made documentary it was!


"



 Evil  comes when good  men  do nothing ( not sure if that is an  exact quote  but I am sure  you  get the gist ).



Until a few years ago  banks here had to hold 20% reserves.. Thats all  gone down the river but I beleive they  now have to hold  more since the GFC.



Did ya  know that  money  is created out of thin  air  ( money  = credit  given and  debt owed.


for example ;


 you deposit in cash $100


 The bank ends $100 .


On its ledger  the secured loan  shows up as an asset


 They can loan aginst that asset  ( which s really a  debt)


When the loan  against that book asset  the  debt  shows  up again  as an asset  and  so  it keeps going on. This is typically  with  hard asset backe dloans like property .


 Even credit card debt is an asset  cos they  know they will collect all their money   except a  factored loss which  is factored into the  interest  rate they charge on slowpayers and they get fees on top of that .



NEVER EVER FEEL SORRY  for the banks .The only  real good thing they  do is  give folks jobs .


Everything else "good" they do is a kind of bribery  or smoke screen .


The people.. you and me  via the government should controlling th emoney  supply.


 The  real  difficult bit is  " how  do you unscramble the  financil egg and put it back into the shell" Tough   call !


Hmm Ill stop there cos otherwise I was  gonna go  on for another  few pages


J



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