Money DOES Grow on Trees

Ivan Drago said:
Well, since you all know so much about money creation - why do you tolerate creation by private banks which is a tax upon yourselves (assuming you have money)?

You are paying interest via inflation to the coffers of private banks.
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Because of fractional banking our standard of living is far better than it would have been otherwise?
 
Rainmaker said:
Perhaps. As I said I'm not an economist and don't pretend to be. I can't help but wonder how much different (essentially) the same system would be, but with the money controlled by government instead of private banks. From what I've learnt (which is, again, admittedly little) banks are simply looking to gain assets by clawing interest (further capital gain) on invented debts from a pool of real currency too small to cover the interest generated.

In other words the system actually runs on the intention of having people in debt to an amount of money that doesn't even exist in the real world. I have £100, the entire economy has £500. I loan out £1,000 (lol)... I'm charging interest on it. Since the real, physical monetary system doesn't have enough money to cover my invented 'loan' and its interest, I'm essentially creating money out of thin air for myself whilst crippling those I lent to because the money I'm asking for doesn't even exist and I end up possessing real physical assets (i.e. value) at the expense of the person I essentially defrauded on a promise to pay (contract).

That about right?

*snip*
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You're still assigning an absolute value to money. If the economy is worth £500 and the bank loans me £1000, the economy is no longer worth £500. The value of the economy hasn't changed, the value of the money has.

It's also important to understand what a loan is. It's a simple swap of money - usually an instant amount for a set income over time.

If I told you I'd give you £10 a month for 12 months, how much would you pay for that? £120? Probably not, because you're basically giving money away that you won't fully see back for a year. Lets say £100. Therefore, you've assigned the value of an income stream of £10pm @12 months at £100. This is exactly the same as saying you'll loan me £100 if I pay you back at £10 a month for 12 months.

It's the same with every mortgage or loan out there - nothing's being created out of 'thin air', the debtor is merely purchasing a fixed amount of instant money with a regular income over time. The fact it's secured against a physical asset of value that the debtor owns is merely a risk reduction policy taken by the bank.
 
So, in summary everyone else apart from the OP is a moronic intellectually challenged sheep.

Odd how he can't even figure out how to read the FAQ and create a sig that doesn't break the rules. Oh! I see now! You're "FIGHTING TEH POWERZ!" :).
 
Drago, can I ask, have you recently watched a film similar to the zeitgeist ones?

you seem to be spouting all that kinda stuff.
 
*facepalm @ OP*


Next he will be educating us on <insert anything equally as obvious that everyone except OP knows>
 
growse said:
You're still assigning an absolute value to money. If the economy is worth £500 and the bank loans me £1000, the economy is no longer worth £500. The value of the economy hasn't changed, the value of the money has.

It's also important to understand what a loan is. It's a simple swap of money - usually an instant amount for a set income over time.

If I told you I'd give you £10 a month for 12 months, how much would you pay for that? £120? Probably not, because you're basically giving money away that you won't fully see back for a year. Lets say £100. Therefore, you've assigned the value of an income stream of £10pm @12 months at £100. This is exactly the same as saying you'll loan me £100 if I pay you back at £10 a month for 12 months.

It's the same with every mortgage or loan out there - nothing's being created out of 'thin air', the debtor is merely purchasing a fixed amount of instant money with a regular income over time. The fact it's secured against a physical asset of value that the debtor owns is merely a risk reduction policy taken by the bank.
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Go away, you are spoiling the thread.
 
couldn't resist
awooerr.jpg
 
What exactly is the point of this thread? What is your aim?
Is attacking everyone your idea of education? (I sincerely hope you never become a parent ‘No you moronic idiot, you don’t tie shoelaces that way’)

It reminds me of the moronic threads where people attack Britain for being ‘broken’, yet do absolutely zero to affect change.

It’s far easier to moan than actually do something, isn’t it?

Same for this thread – you’re whining and complaining on a topic that you’ve got your ‘knowledge’ from biased resources (hence you’ve not got a balanced view), but like the ‘Britain isn’t great’ morons, you continue to:
- Have a bank account
- Buy goods and services
(I was going to add ‘work for a living’ but I’m not so sure).
You continue to live this ‘lie’ of a life that only ‘braindead morons’ subscribe to.
What does that make you?

Put up, or shut up – that’s always what I say. Don’t just complain and spout biased nonsense – instead do something about it.
 
Unfortunately i dont completely follow the OPs train of thought here, but it almost seems like he wants the people that manage the banking and financial system in the UK to work for free, have no assets and have people on the corner of every street available to hand out money to the people in their area if they have enough credit? I dunno, sounds dumb.
 
taximike said:
Where on earth did you get those figures? Of course there is more than £1.3 billion in circulation in coins/notes.

It's more like £40 billion
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Good shout, here's a good link (to the OP) to show a more 'balanced' amount: UK Payments.org
The amount of cash in circulation is usually around £3½ bn of coin, around £45bn of Bank of England notes and a further £4 bn in Scottish or Northern Ireland banknotes. The issuers of currency have resilient systems and facilities, as well as plentiful reserves of banknotes ready to be issued. It is not plausible that the UK could run out of cash.
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Waits for OP to say 'thats what they want you to think'
 
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taximike said:
Where on earth did you get those figures? Of course there is more than £1.3 billion in circulation in coins/notes.

It's more like £40 billion
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heh if there was only £1.3 billion in circulation everyone could only have about 20 quid in cash :p
 
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