NSC DECIDES - the US Presidential election

[itszamora]

A pretty straightforward one - who does the state of NSC put forward for its zero electoral college votes. Poll closes at 5am as the last ones in the US of A do.

 

[Titanic]

Sorry, I've voted once already today.

Polling Day - Who do you vote for? - North Stand Chat

 

[Couldn't Be Hyypia]

40 people already voted on this one samparish - https://nortr3nixy.nimpr.uk/showthread.php?t=136083

 

[vitusvivi]

loos like 100% for Obama

 

[Nibble]

Doesn't matter. all presidents are frontmen and puppets controlled by banks and multi national corporations. It makes no difference whatsoever.

Only two presidents have ever attempted to introduce interest free lending to the American banking system, abolishing the massive profits banks make out of loans - JFK and Abraham Lincoln. Anyone know what else they have in common? That's right.

 

[itszamora]

feck, didn't notice another one. Still, recounts are a crucial part of US politics especially when the brother of one of the candidates happens to be in charge of the state in question.

 

[Lokki 7]

Only two presidents have ever attempted to introduce interest free lending to the American banking system, abolishing the massive profits banks make out of loans

How does that abolish banking profits? If banks can borrow at 0% from the govt and then lend that money to the US public at a higher rate, surely they will be making higher profits than before? Or have I misunderstood?
If you mean the govt lends interest free direct to Joe the plumber, I'm not sure that is good either. This whole credit crunch can be traced back to the Clinton administration making it easier for low income families to buy their homes via loans from Fannie and Freddie. That hasn't worked out too well it would seem.

 

[tedebear]

Only two presidents have ever attempted to introduce interest free lending to the American banking system,

Interest free lending to the man on the street? I think we'd be in more shite that we currently are! People are inherintly greedy - give them something for free and they'll take as much as they can - forget the fact that sometime they are going to have to pay it back...

Or am I misunderstanding you? Cheap credit is why we're in the mess we are...

 

[Nibble]

How does that abolish banking profits? If banks can borrow at 0% from the govt and then lend that money to the US public at a higher rate, surely they will be making higher profits than before? Or have I misunderstood?
If you mean the govt lends interest free direct to Joe the plumber, I'm not sure that is good either. This whole credit crunch can be traced back to the Clinton administration making it easier for low income families to buy their homes via loans from Fannie and Freddie. That hasn't worked out too well it would seem.

There is no reason a company or a government cannot lend money and not charge interest.

You appear to be baffled by the ridiculous terms banks use.

It is simple. Banks lend money that doesn't exist to people and charge interest on that money. It is no more complicated than that.

The money doesn't exist. However the banks can then use that debt as an asset and in turn be worth more money even though that money has never physically existed. With that as an asset they are then permitted to lend more money and charge interest on that - and so on and so on.

That is what has bought about the credit crunch. personally I am glad the banking systemn is collapsing - it should not be feared. We have been conned by banks as far back as they have existed and anything that brings us closer to realising that is welcome news for me.


I believe it was Lincoln that stated "If the American people knew how the banks operate they would be on the White House lawn tomorrow morning demanding revolution". That is still true. Lincoln was assassinated shortly after.

 

[Nibble]

Interest free lending to the man on the street? I think we'd be in more shite that we currently are! People are inherintly greedy - give them something for free and they'll take as much as they can - forget the fact that sometime they are going to have to pay it back...

Or am I misunderstanding you? Cheap credit is why we're in the mess we are...

well yes, it is possible but thinking more of international lending. You know where banks and governments lend money to poor countries then sieze control of their resources and keep the nation in the dark ages while they plunder any value from that country.

Don't forget the banks aren't really in trouble are they? All the money they need has been paid for by our taxes. who loses out?

The banks have flooded our economy with massive debt - the way they earn profit has been jeapordised and how do they solve the problem? They steal back the money from our exhorbitant taxes. There is no other word for it.

The banks you and I frequent ion the high street and that have been in the news so much are worthless anyway. They are a tiny, tiny fraction of the worlds banking. There are banks and money lenders that operate on global scale, dealing in Trillions upon trillions of dollars that you and I will probably never encounter.

Trillions of dollarsthat never existed except as an asset on a computer screen.

 

[Lokki 7]

There is no reason a company or a government cannot lend money and not charge interest.

You appear to be baffled by the ridiculous terms banks use.

It is simple. Banks lend money that doesn't exist to people and charge interest on that money. It is no more complicated than that.

The money doesn't exist. However the banks can then use that debt as an asset and in turn be worth more money even though that money has never physically existed. With that as an asset they are then permitted to lend more money and charge interest on that - and so on and so on.

That is what has bought about the credit crunch. personally I am glad the banking systemn is collapsing - it should not be feared. We have been conned by banks as far back as they have existed and anything that brings us closer to realising that is welcome news for me.


I believe it was Lincoln that stated "If the American people knew how the banks operate they would be on the White House lawn tomorrow morning demanding revolution". That is still true. Lincoln was assassinated shortly after.

I think you should stick to swearing at Wozza, you are much better at that. The only thing that has me "baffled" is the 90% of your post that makes no sense.

 

[tedebear]

Don't forget the banks aren'treally in trouble are they? All the money they need has been paid for by our taxes. who loses out?

The banks have flooded our economy with massive debt - the way they earn profit has been jeapordised and how do they solve the problem? They steal back the money from our exhorbitant taxes. There is no other word for it.

We shouldn't have bailed the banks out in my opinion. But it got too far down the road really for that option. Besides the government forced them to shore up, so blame the government for not having the balls to let a few banks sink...I would have done.

I have no sympathy for our banks don't get me wrong, but to blame them lock stock and barrel for this is incorrect.

 

[tedebear]

Trillions of dollarsthat never existed except as an asset on a computer screen.

Sorry but my house exists the mortgage on it may be a debt to a bank but its a debt with a value. It exists, so I'm not sure why you think it doesn't.

This whole think is tied to mortgages, and the value of the mortgage compared to the property, and what happens when the property becomes worthless. So I'm not quite sure I follow you?

 

[Lokki 7]

So I'm not quite sure I follow you?

If you did follow him Tede I would be very worried for you.

 

[Nibble]

Interest has ruined the economy. It is why you and I now pay so much for products.

It is simple,

A farmer needs a tractor he borrows the money from a bank to buy the tractor. the bank charge him interest. He raises the price of his produce to cover the loan interest. The company that buys his raw product then covers that cost by charging Tesco or whomever to buy that product from them. Tesco has paid a lot of money for that product. Thay have also had to pay more because their haulage interest is so high.

(You also have OPEC deliberately cutting oil production to keep the petrol prices falsely inflated)

Because everyone is being charged interest and raising costs to cover this interest we end up paying way over the odds for products we need.

If the true cost was not piled high with interest we would not be in this mess.

There is no reason why a government cannot lend money, interest free to people to keep prices throughout the chain at a reasonable level.

 

[Lokki 7]

Interest has ruined the economy. It is why you and I now pay so much for products.

It is simple,

A farmer needs a tractor he borrows the money from a bank to buy the tractor. the bank charge him interest. He raises the price of his produce to cover the loan interest. The company that buys his raw product then covers that cost by charging Tesco or whomever to buy that product from them. Tesco has paid a lot of money for that product. Thay have also had to pay more because their haulage interest is so high.

But without a loan to buy the tractor the farmer cannot produce anything, he makes no income and starves and we have no food to eat and starve. Yeah, that sounds like a perfect world scenario to me. Feck Obama, NIBBLE for president!

 

[Nibble]

Sorry but my house exists the mortgage on it may be a debt to a bank but its a debt with a value. It exists, so I'm not sure why you think it doesn't.

This whole think is tied to mortgages, and the value of the mortgage compared to the property, and what happens when the property becomes worthless. So I'm not quite sure I follow you?

Yes, of course your house exists but you have paid for three houses and only have one.

How? Well the person who built the house has been paid. The mortgage broker etc have been paid that cost would come to about 50 grand. However you pay ,say, 150 grand. Why? I mean really think about it. Why?

That 100 grand has been conjoured out of nothing. It doesn't exist. It has no value. and as we have been seeing that "value" is evaporating, or more accurately people now realise it was never there.

 

[tedebear]

Interest has ruined the economy. It is why you and I now pay so much for products.

It is simple,

A farmer needs a tractor he borrows the money from a bank to buy the tractor. the bank charge him interest. He raises the price of his produce to cover the loan interest. The company that buys his raw product then covers that cost by charging Tesco or whomever to buy that product from them. Tesco has paid a lot of money for that product. Thay have also had to pay more because their haulage interest is so high.

(You also have OPEC deliberately cutting oil production to keep the petrol prices falsely inflated)

Because everyone is being charged interest and raising costs to cover this interest we end up paying way over the odds for products we need.

If the true cost was not piled high with interest we would not be in this mess.

There is no reason why a government cannot lend money, interest free to people to keep prices throughout the chain at a reasonable level.

You will NEVER find anyone willing to loan something to someone else without making some money on it. If I gave you £100 now and wanted £100 back in a few years time, if inflation moved - I'd lose out - how is that fair? How is it also fair that as I've slaved and worked hard to make the money - that I should just give it to you for nothing??

 

[Nibble]

But without a loan to buy the tractor the farmer cannot produce anything, he makes no income and starves and we have no food to eat and starve. Yeah, that sounds like a perfect world scenario to me. Feck Obama, NIBBLE for president!

There is no reason he cannot be leant the money at true value with no interest. He pays it back at true value and we pay true value for his produce because no-one is struggling to cover interest costs.

In fact you are more likey to end up in a world with no food as you put it, with this interest because people are being forced out of production. why? Not because they cannot afford to pay back the loan but because they cannot afford to pay the interest on the loan.

 

[TWOCHOICEStom]

40-0 to Obama... blimey