| View previous topic :: View next topic |
| Author |
Message |
Narinder
Minor Poster
Joined: 29 Jul 2006
Posts: 84
Location: Bradford
|
|
| Back to top |
|
 |
paul wright
Moderator
Joined: 26 Sep 2005
Posts: 2650
Location: Sunny Bradford, Northern Lights
|
|
| Back to top |
|
|
Garcon Warrior
Minor Poster
Joined: 17 May 2006
Posts: 93
Location: London
|
 Posted: Sat Oct 07, 2006 9:22 pm Post subject: |
 |
|
Well done Narinder on your article. The banking system is one of the greatest deceptions in our world and a great control mechanism for the powers that be. More and more people are getting into debt these days which makes people have less choices and less freedom and on personnel levels fear, anxiety and depression just where they want us to be. People max there credit cards they just put the limit up enticing people to spend more for the new car or those nice clothes to keep up with the jones'es to make you socially acceptable. Over the last few years we have been inundated with adverts for consolodating your loans into one big one for more interest being paid in the long term. Its all just part of the great illusion and a part of the control of the masses.
As that famous quote says money is the route of all evil. |
|
| Back to top |
|
|
Bushwacker
Relentless Limpet Shill
Joined: 07 Sep 2006
Posts: 1628
|
| Posted: Sat Oct 07, 2006 10:21 pm Post subject: |
|
|
| Bad luck, Narinder. Your economic illiteracy exposed to the world! |
|
| Back to top |
|
|
paul wright
Moderator
Joined: 26 Sep 2005
Posts: 2650
Location: Sunny Bradford, Northern Lights
|
| Posted: Sat Oct 07, 2006 10:23 pm Post subject: |
|
|
| Bushwacker wrote: | | Bad luck, Narinder. Your economic illiteracy exposed to the world! |
Always some dumfuk silly b* wanting to queer it
And that is some d*mb f*ck of the first degree
_________________
http://www.exopolitics-leeds.co.uk/introduction |
|
| Back to top |
|
|
DeFecToR
Moderate Poster
Joined: 11 Jul 2006
Posts: 782
|
| Posted: Sun Oct 08, 2006 7:27 am Post subject: |
|
|
| Bushwacker wrote: | | Bad luck, Narinder. Your economic illiteracy exposed to the world! |
Huh?
Fancy explaining that mate? Or do you normally just post short one liners that give you the appearance of actually knowing something about the issue being discussed?
_________________
"A great many people think they are thinking when they are merely rearranging their prejudices."
-William James |
|
| Back to top |
|
|
James C
Major Poster
Joined: 26 Jan 2006
Posts: 1046
|
| Posted: Sun Oct 08, 2006 8:00 am Post subject: |
|
|
| Bushwacker wrote: | | Bad luck, Narinder. Your economic illiteracy exposed to the world! |
This is not economic illteracy but sadly the truth.
As Henry Ford once said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
It's not the whole truth however. Fractional reserve banking and fiat money haved been used by societies quite happily for a few hundred years. It's not a modern invention. What is relatively new however is the whole gamut of marketing and business promotion exercised by the banks to attract customers to buy into loans, mortgages, credit cards and so on. Does this mean the banks are a tool of the illuminati? Maybe, maybe not.
This system does work well but only if the economy grows. Many readers will know that I promote peak oil theory and if it proves to be true then this will stall all hopes of future economic growth and the system of fractional reserve banking and fiat money will come crashing down. That is why the price of gold follows the price of oil. Gold is now three times what it was three years ago, much like the price of oil. Gold is the true money standard and those with gold in the future will be much more powerful than those without who own only fiat money instead. Could this be the reason why so much gold went missing from the WTC? If you want to secure your future you could do no worse than invest in gold now while it's still relatively cheap. The US is on its last legs economically and things are going to start getting pretty bad. |
|
| Back to top |
|
|
chek
Mega Poster
Joined: 12 Sep 2006
Posts: 3889
Location: North Down, N. Ireland
|
| Posted: Sun Oct 08, 2006 11:42 am Post subject: |
|
|
| Bushwacker wrote: | | Bad luck, Narinder. Your economic illiteracy exposed to the world! |
So there it is. As understood by one of the 'system fodder people' mentioned.
A scam works much better when nobody realises it's a scam. |
|
| Back to top |
|
|
Jane
Moderate Poster
Joined: 23 Aug 2005
Posts: 312
Location: Otley, West Yorks, England
|
| Posted: Sun Oct 08, 2006 1:32 pm Post subject: Know Thyself |
|
|
I think the reason that whoever it was that made the silly remark to Narrinder made it, is that most people want to cling to the world of lies and deception for fear that on it being exposed, that they themselves will be exposed!
This is why I much prefer "Know Thyself" to Know the Illuminati, The New Workld Order and all the rest of it......
I saw a clip from "V For Vendetta" today where the one in the mask says -"Do you want to see the enemy? Just look in the mirror!"
_________________
Romans 12:2 Do not conform any longer to the pattern of this world, but be transformed by the renewing of your mind. Then you will be able to test and approve what God's will is—his good, pleasing and perfect will.
http://www.wytruth.org.uk/ |
|
| Back to top |
|
|
Bushwacker
Relentless Limpet Shill
Joined: 07 Sep 2006
Posts: 1628
|
| Posted: Sun Oct 08, 2006 11:06 pm Post subject: |
|
|
OK then, a short lesson on the history and theory of banking partly adapted from Wiki:
At one time, people deposited gold coins and silver coins at goldsmiths for safe keeping, receiving in turn a note for their deposit. Once these notes became a trusted medium of exchange an early form of paper money was born, in the form of gold certificates and silver certificates.
As the notes were used directly in trade, the goldsmiths noted that people would never redeem all their notes at the same time, and saw the opportunity to issue new notes in the form of interest paying loans. These generated income—a process that altered the goldsmiths' role from passive guardians of bullion charging fees for safe storage, to interest-paying and earning banks. Fractional-reserve banking was born. If the owners of the notes (creditors) lost faith in the ability of the bank to exchange their notes back into coins, many would try to redeem their notes at the same time. This was called a bank run and some early banks either went into insolvency or refused to pay up.
Nowadays actual notes and coins constitute only a small part of the money supply of any developed nation. All the rest exists only in the form of created credit. Fractional reserve banking is therefore not some form of scam, but a fundamental of the economic system, and has been with us for a very long time. One of the main functions of a central bank is to control money supply to ensure that it is related to GDP growth. It does that by managing the reserve requirements that it imposes on commercial banks. |
|
| Back to top |
|
|
chek
Mega Poster
Joined: 12 Sep 2006
Posts: 3889
Location: North Down, N. Ireland
|
| Posted: Sun Oct 08, 2006 11:16 pm Post subject: |
|
|
| Bushwacker wrote: | OK then, a short lesson on the history and theory of banking partly adapted from Wiki:
At one time, people deposited gold coins and silver coins at goldsmiths for safe keeping, receiving in turn a note for their deposit. Once these notes became a trusted medium of exchange an early form of paper money was born, in the form of gold certificates and silver certificates.
As the notes were used directly in trade, the goldsmiths noted that people would never redeem all their notes at the same time, and saw the opportunity to issue new notes in the form of interest paying loans. These generated income—a process that altered the goldsmiths' role from passive guardians of bullion charging fees for safe storage, to interest-paying and earning banks. Fractional-reserve banking was born. If the owners of the notes (creditors) lost faith in the ability of the bank to exchange their notes back into coins, many would try to redeem their notes at the same time. This was called a bank run and some early banks either went into insolvency or refused to pay up.
Nowadays actual notes and coins constitute only a small part of the money supply of any developed nation. All the rest exists only in the form of created credit. Fractional reserve banking is therefore not some form of scam, but a fundamental of the economic system, and has been with us for a very long time. One of the main functions of a central bank is to control money supply to ensure that it is related to GDP growth. It does that by managing the reserve requirements that it imposes on commercial banks. |
Leaving aside the learned established commercial reasons for it, that economic system results in real world assets being seized for failure to repay entirely notional 'money' which only exists by virtue of a credit formula based on the banks' 'real' money holdings.
Its weakness being the reliance on confidence that things can only get better. |
|
| Back to top |
|
|
Bushwacker
Relentless Limpet Shill
Joined: 07 Sep 2006
Posts: 1628
|
| Posted: Mon Oct 09, 2006 12:40 am Post subject: |
|
|
| chek wrote: | | Bushwacker wrote: | OK then, a short lesson on the history and theory of banking partly adapted from Wiki:
At one time, people deposited gold coins and silver coins at goldsmiths for safe keeping, receiving in turn a note for their deposit. Once these notes became a trusted medium of exchange an early form of paper money was born, in the form of gold certificates and silver certificates.
As the notes were used directly in trade, the goldsmiths noted that people would never redeem all their notes at the same time, and saw the opportunity to issue new notes in the form of interest paying loans. These generated income—a process that altered the goldsmiths' role from passive guardians of bullion charging fees for safe storage, to interest-paying and earning banks. Fractional-reserve banking was born. If the owners of the notes (creditors) lost faith in the ability of the bank to exchange their notes back into coins, many would try to redeem their notes at the same time. This was called a bank run and some early banks either went into insolvency or refused to pay up.
Nowadays actual notes and coins constitute only a small part of the money supply of any developed nation. All the rest exists only in the form of created credit. Fractional reserve banking is therefore not some form of scam, but a fundamental of the economic system, and has been with us for a very long time. One of the main functions of a central bank is to control money supply to ensure that it is related to GDP growth. It does that by managing the reserve requirements that it imposes on commercial banks. |
Leaving aside the learned established commercial reasons for it, that economic system results in real world assets being seized for failure to repay entirely notional 'money' which only exists by virtue of a credit formula based on the banks' 'real' money holdings.
Its weakness being the reliance on confidence that things can only get better. |
The money is of course not notional - you can spend it and it is therefore as good as any other money. Neither does it depend on confidence that things will get better, it depends on confidence that it will continue to have value by being accepted by others. Since we came off the gold standard, no money has had any intrinsic value. |
|
| Back to top |
|
|
THETRUTHWILLSETU3
9/11 Truth critic
Joined: 23 Jan 2006
Posts: 1009
|
| Posted: Mon Oct 09, 2006 1:06 am Post subject: |
|
|
| Well Ian this has nowt to do with 911 so lock this |
|
| Back to top |
|
|
Garcon Warrior
Minor Poster
Joined: 17 May 2006
Posts: 93
Location: London
|
| Posted: Mon Oct 09, 2006 12:24 pm Post subject: |
|
|
| Yeah so thats for Ian to decide not you. |
|
| Back to top |
|
|
ian neal
Angel - now passed away
Joined: 26 Jul 2005
Posts: 3140
Location: UK
|
| Posted: Mon Oct 09, 2006 1:36 pm Post subject: |
|
|
Just to clarify. It's not just for me to decide. There is a wider pool of moderators (JHR, Superadmin, Tony Gosling and Andrew Johnson) and beyond that a loose email network that is consulted on the principles and moderation of the site. It is an imperfect art.
Is the international banking system related to 9/11 and the war on terror? I would argue yes in as much as historically it is known that the banking sector bankrolls wars and is critical in determining who 'wins' a war and who benefits from it. I found the money masters is a good introduction to this subject.
But I accept that the connection back to 9/11 is a bit weak and I would like the moderation of the forum to be consistent, so if enough want this thread locked I will listen. |
|
| Back to top |
|
|
Bicnarok
Moderate Poster
Joined: 03 Sep 2006
Posts: 334
Location: Cydonia
|
| Posted: Mon Oct 09, 2006 3:23 pm Post subject: |
|
|
well done  
_________________
"Emancipate yourself from mental slavery, none but ourselves can free our mind..." Bod Marley |
|
| Back to top |
|
|
ian neal
Angel - now passed away
Joined: 26 Jul 2005
Posts: 3140
Location: UK
|
| Posted: Mon Oct 09, 2006 5:33 pm Post subject: |
|
|
"Don't worry 'bout a thing...."
Bod Marley? |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Chat
Usergroups
Calendar
Register
Profile
Log in to check your private messages
Log in
