NSC DECIDES - the US Presidential election

[Nibble]

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??

Banks have not worked or slaved to make the money.

 

[tedebear]

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.

Nope - I paid for one house, and had to ask for someone elses money to use to do it - it is for that reason and that alone that I pay interest...

My house is worth what someone else is willing to pay for it, not the value of the bricks or labour which went into making it.

 

[Kylies Stunt Arse]

So you're ignoring the effects of supply and demand altogether then Nibble?

 

[Nibble]

My house is worth what someone else is willing to pay for it, not the value of the bricks or labour which went into making it.

Why? You are stating the way it is. You understand you have to pay 150 grand for a house because we know that we won't get a house for 50 grand. The way it is.

However, there is no logical, tangible reason for this.

I understand people are precious about their houses. It is human nature. we raise families there, we share memories. They are not just bricks and mortar to us. However to a money lender that is exactly what they should be. Bricks and Mortar worth no more than about 50 grand.

 

[tedebear]

Banks have not worked or slaved to make the money.

Hmm - I knew/know a few bankers who would disagree. Yes they get paid handsomely - but its 24/7 and sends them a bit mad in the process...

I find it bizarre that people don't want banks to make money - but they want to be wealthy themselves. You can't limit someone elses profit in an economy without some sort of nanny state controls....

We as free people relish the idea of a free market/economy, but low and behold someone who makes money out of it....the government should have let a few banks fail, we would have had shit for a while, but there are too many banks and the market would have corrected itself, it always has and it always will....Not any more though now the goverment felt the need to step in...

 

[Nibble]

So you're ignoring the effects of supply and demand altogether then Nibble?

No, not at all. But when this is manipulated by banks at our expense it is cause for concer.

 

[Lokki 7]

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.

So if there is no interest, there will be no savers, so the banks won't have any money to lend in the first place therefore no tractor, no food. And as Tede pointed out, what about inflation over the life of the loan?

 

[Nibble]

Hmm - I knew/know a few bankers who would disagree. Yes they get paid handsomely - but its 24/7 and sends them a bit mad in the process...

I find it bizarre that people don't want banks to make money - but they want to be wealthy themselves. You can't limit someone elses profit in an economy without some sort of nanny state controls....

We as free people relish the idea of a free market/economy, but low and behold someone who makes money out of it....the government should have let a few banks fail, we would have had shit for a while, but there are too many banks and the market would have corrected itself, it always has and it always will....Not any more though now the goverment felt the need to step in...

The bankers you speak of are not making that money for themselves. they are making it for the bank. They work for their wage. The bankers you know have no influence over global economics. They are, i'm sure lovely people, they are however totally inconsequential to world economics.

 

[Lokki 7]

The bankers you know have no influence over global economics. They are, i'm sure lovely people, they are however totally inconsequential to world economics.

Ah bless Nibble, you've really cheered an otherwise dull morning. Many thanks.

 

[Nibble]

So if there is no interest, there will be no savers, so the banks won't have any money to lend in the first place therefore no tractor, no food. And as Tede pointed out, what about inflation over the life of the loan?

well inflation is another matter entirely but why should we be forced to have a bank account (which we are, you cannot operate without one), be dictated to how much we will pay for this service, conned with meaningless phrases, have our savings manipulated and controlled by someone else?

There is one fundamental point that no-one seems to want to acknowladge. Forget inflation, forget indexes, forget downturns and upturns - it is all nonsense and smoke cover. Banks lend money that doesn't exist and charge interest on it. That is all they do. That is our global financial system. Nothing more to it. They want to make more money they rais einterst rates and things get more expensive for us.

 

[aftershavedave]

nibble's ranting about interest rates is where the fun is on this thread folks!

never heard of the cost of money nibble?

 

[Nibble]

nibble's ranting about interest rates is where the fun is on this thread folks!

never heard of the cost of money nibble?

Money costs nothing. You think it does because that is how banks have conditioned you.

A lot of you are missing the point. You are talking about how things are. I am not disagreeing with you . I am pointing out that it doesn't have to operate that way. All your arguments point to systems put in place to make banks money. They are self perpetuating and one system supports another but they don't have to.

Open your minds people. don't panic about financial collapse. don't fear it. You should embrace it as a sign that it isn't working and will hopefully be gone one day.

Get those third eyes open people!

 

[aftershavedave]

Money costs nothing. You think it does because that is how banks have conditioned you

that's literally priceless.

thanks!

 

[hans kraay fan club]

So, these £50k houses, made with £50k worth of materials and labour......

......are they all built on FREE plots, in nice desirable areas, with the happy coincidence of remaining FREE even with planning permission granted for a nice 3 bed semi?

...also, the point Nipple makes about the additional costs to solicitors, etc...should we expect solicitors, estate agents, surveyors, mortgage consultants, etc to all work for nothing, begging and scraping to survive on interest free farm produce?

I'm not sure I get it.

 

[Lokki 7]

Get those third eyes open people!

And what has my one eyed trouser snake got to do with all this? Never trust those JAPS! I've always said it!

 

[Nibble]

So, these £50k houses, made with £50k worth of materials and labour......

......are they all built on FREE plots, in nice desirable areas, with the happy coincidence of remaining FREE even with planning permission granted for a nice 3 deb semi?

...also, the point Nipple makes about the additional costs to solicitors, etc...should we expect solicitors, estate agents, surveyors, mortgage consultants, etc to all work for nothing, begging and scraping to survive on interest free farm produce?

I'm not sure I get it.

No, no, no. I have acknowledged that these things have a price and one should expect to make reasonable profit on a service but that would reasonably come to about 50 grand, maybe a little more.

 

[Nibble]

that's literally priceless.

thanks!

It is an absolute truth.

 

[tedebear]

Money costs nothing. You think it does because that is how banks have conditioned you.

A lot of you are missing the point. You are talking about how things are. I am not disagreeing with you . I am pointing out that it doesn't have to operate that way. All your arguments point to systems put in place to make banks money. They are self perpetuating and one system supports another but they don't have to.

Open your minds people. don't panic about financial collapse. don't fear it. You should embrace it as a sign that it isn't working and will hopefully be gone one day.

Get those third eyes open people!

Nibble - money is a commodity - you can't think of it any other way. People want it and are willing to pay for it.

 

[hans kraay fan club]

No, no, no. I have acknowledged that these things have a price and one should expect to make reasonable profit on a service but that would reasonably come to about 50 grand, maybe a little more.

You are insane, my little friend.

If your argument had been 'you are paying £250k for your £150k house, because of the interest charged on your mortgage' then you'd have some basis.

A £150k house, will cost maybe £65k to pyhsically build. Add the acceptable charges for the required services, plus the cost of the plot [typically worth considerably more than the building], add a bit more depending on level of demand in the area, and hey presto - £150k.

 

[Nibble]

Nibble - money is a commodity - you can't think of it any other way. People want it and are willing to pay for it.

I don't disagree with you. Doesn't make my argument any weaker.