Another attack this time from the Banks

[Newspeak International]

On the news tonight a further increase in the war against the people,
apparently the interest rates have been artificially low for many years, expect huge rises in the interest rates by the banking corporations.


N

[catfish]

[Jesus said], "If you have money, don't lend it at interest. Rather, give [it] to someone from whom you won't get it back."

You won't read this in the Official King James bible, portions of Greek versions of the Gospel of Thomas were found in Oxyrhynchus Egypt about one hundred years ago, a complete version in Coptic (the native Egyptian language written in an alphabet derived from the Greek alphabet) was found in Nag Hammadi Egypt in 1945.

[GEFBASS]

Do you think it`s the Bilderburg factor ?
What they say goes.

Geoff.

[conspiracy analyst]

Having liberalised the availability of loans for buy to let purchasing in 1997 leading to a 300% increase in property prices (hyperinflation by any other name) they have sold the lying mantra of 'low inflation, low unemployment, low interest rates'.

Instead whereas before those who bought a flat, as they couldn't get a council one, now are forced to get interest only mortgages instead of capital repayment. Banks have therefore forced millions to borrow at high prices.

Raising the interest rates is now the 'logical' response. Bankers now run every aspect of everyones life, from credit card debt (1 trillion) to student loans, to interest only mortgages, to car financing.

[uselesseater]

I'm supposed to be buying a flat but cannot bring myself to get a mortgage as if things go titsup I'll loose the house to the bank.