Occupy demo in London.

[bhaexpress]

and [MENTION=599]beorhthelm[/MENTION]

simply because if you do not know 1 of these then the lesson is this: the internet and amazon and your free thinking mind are all vast places - and if you choose to spend most of you spare time doing other things than seeking truth about the reality you live in then maybe you need to look at yourself....or not.

in this i am sooooo wanting to post a big 5 or 10 that are brimming at my fingers. again, what i said in my last post would happen on this board, happened.....so predictable.

ok, i will give you one....i fell in....grrrr.

1) Banks lend people money.........therefore the borrower is led to believe the bank actually has the money. Due to fractional banking (a big research issue for those with time and the care) any bank can lend 10x what it actually has in reserve. So lie number 1 is the banks lend money at interest on money that has not, does not, and will not ever exist.

this is a big fat lie. it is criminal, the governments have no say, and the people have no say (but most of the people do not know).

i am not doing the other BIG 9, or the other 40....follow your nose, i have other debates with more educated people on the go elsewhere....... respect, B

Go elsewhere as it's pretty clear nobody agrees with you.

 

[BadFish]

http://railisimojoki.wordpress.com/2011/10/22/occupy-melbourne-neither-category-a-nor-b/

Interesting reading. Although I expect many won't bother as it is very long.

 

[Tyrone Biggums]

Anyone not protesting or supporting the protests should also be mindful of the effect they have on other peoples lives by their actions.

I will have to watch that tomorrow as I have no broadband at present (can't afford it!) I have been shaped.

Nice discussing with you Tyrone, Are you going up to the Seagulls Downunder meet up in Melbourne?

Hoping too mate.

maybe we should hold it at that guys bar and bump his revenue up a bit! haha

 

[brunswick]

Go elsewhere as it's pretty clear nobody agrees with you.

due to PMs i get i disagree with you. i am not one to go away due to lack of agreement....what a stupid ideaology.
carry on in your 9-5 london job commuting from kent (nice) for a boss who controls most of your life, and keep peddling your right wing judgmental traits......you are boring and sad.

so you disagree fractional reserve banking is real....lol.

 

[bhaexpress]

due to PMs i get i disagree with you. i am not one to go away due to lack of agreement....what a stupid ideaology.
carry on in your 9-5 london job commuting from kent (nice) for a boss who controls most of your life, and keep peddling your right wing judgmental traits......you are boring and sad.

so you disagree fractional reserve banking is real....lol.

Oh dear, I see that you have lost your way and resorted to insults, rather shows you for what you are. Don't worry about me, I'm happy and and in fact even more so that you aren't. Do me one favour, please don't jump in front of any trains, we workers hate being delayed.

 

[Half Time Pies]

Under any political system there will always be people who are disgruntled. However as has been proved time and time again the Communist utopia that many of these protesters seem to want is unworkable, it has failed everywhere and is every bit as corrupt and evil and any other form government with the exception of the fact that it pretends to be anything but. Even China has embraced Capitalism with a vengeance.

This is not about a Capitalism Vs Socialism debate, people on both sides of the political spectrum should have concerns with the current system. Sure those people on the left will be concerned with the tax avoidance and austerity measures however free market advocates should also be up in arms about about state subsidies to banks, 'too big to fail' and lack of competition in the market place.

What we currently have is a form of corporate socialism where the government favors giant corporations such as banks at the expense of everyone else.

 

[Westdene Seagull]

1) Banks lend people money.........therefore the borrower is led to believe the bank actually has the money. Due to fractional banking (a big research issue for those with time and the care) any bank can lend 10x what it actually has in reserve. So lie number 1 is the banks lend money at interest on money that has not, does not, and will not ever exist.

this is a big fat lie. it is criminal, the governments have no say, and the people have no say (but most of the people do not know).

Oh my god - I knew you were stupid but not that stupid !!!!!

Of course the bank you borrow from doesn't have all the money themselves - show me where they even suggest that ? Even someone with the most basic understanding of economics knows that. When I took my mortgage out at no point did the bank state or imply they had the money they were lending to me. Of course they borrowed it from elsewhere. If they had to have every penny they lent then most of us can wave goodbye to our mortgages and credit cards. Personally I don't give a monkeys if the bank has the money to lend me or has to borrow it from elsewhere - I've got my mortgage and the nice house that I used it to purchase.

You can carry on living in your mud hut, trading your gold, paying no taxes ( although you somehow buy diesel, one of the most taxed commodities in this country ) and not purchasing anything that's been touched by some mega company. I, and I suspect a mojority of people, will continue with our lives quite happily ( probably in ignorance according to you but you won't tell us what we're living in ignorance of ! ).

The statement "I know something really big but won't tell you. Go and find out for yourself and if you don't you're stupid." is wearing a little thin now. Most of us don't look for some lunatic plan because we're quite happy with our lives - you are clearly not. So put up or shut up - and I don't mean "evidence" like the video of a senile policeman that you posted on the London bombing thread. I mean real hard facts backed up with solid CREDIBLE evidence.

 

[beorhthelm]

1) Banks lend people money.........therefore the borrower is led to believe the bank actually has the money. Due to fractional banking (a big research issue for those with time and the care) any bank can lend 10x what it actually has in reserve. So lie number 1 is the banks lend money at interest on money that has not, does not, and will not ever exist.

fractional reserve banking is no secret, its not a lie as you claim. its a system known to anyone who studied the matter, economist, business or layman. and while the bank can lend multiples of the cash reserves, with assets (tangible or intangible) making up the rest of the balance sheet, and it must borrow the money to lend from some source, depositors, bond holders, shareholders, other banks. as illustrated by Lord B's explaination of North Rock's erroneuos business model in post #116.

is that all no.1 biggest lie is supposed to be? not knowing is not being lied to. what recent economic event has shown is we the public know very little about economics, why should we when it didnt (probably still doesnt) matter much for us to get on. which follows...

The foundations of a democracy are that people are able to make informed educated decisions. Don't you think that there is an alarming lack of education about money, finance, debt in general? These subjects are hardly approached in schools even at the most basic level.

agree, we seem to be taught a fair amount of stuff thats not much purpose and dont get a rounded education that can underpin a broader knowledge. but thats another rant. should we be protesting poor education instead?

 

[Seasider78]

Whilst I respect people's right to protest greed is as natural to humans as breathing and no amount of tents in London will ever change that

 

[brunswick]

[MENTION=273]bhaexpress[/MENTION] who said i don't work? again, its either 9-5 or lazy benefit layabout in many minds on here.

[MENTION=1365]Westdene Seagull[/MENTION] no, the banks dont borrow the money, they lend at interest money they do not have, they own 1 and lend 10. and if [MENTION=599]beorhthelm[/MENTION] thinks this is well known and not a secret, if this information was on MSM main news story for a week, the world would change within a month. the statement to look for yourself is not stupid, if you are looking to me, someone you see as a joke for your information, then that is clearly silly.

the first one i gave was not No.1 it was 1 out of 10 biggies.

2. International Banks funded both sides of WWII and "allied" based banks funded the Nazi war machine.

again, not 2 in order, just 2 out of 10.

 

[beorhthelm]

and if [MENTION=599]beorhthelm[/MENTION] thinks this is well known and not a secret, if this information was on MSM main news story for a week, the world would change within a month.

you seem to be confused with the concept of "secret". its public knowledge to anyone caring to look into it. the often cited Modern Money Mechanics is public domain and been around since 1960's. Adam Smith discusses the basic tenets of lending money, with a bank holding less deposits than the total lent, in the Wealth of Nations (1776). im sure both of these are required reading for any economics course, and are available to anyone to read freely (as in beer and speech). they just arent of much interest to the common man, so the Beeb or what ever dont run programmes on them. maybe they should, if they did, if they had many years, it would be common knowledge and we would have people suddenly discovering this information and deciding they've been tricked.

 

[bhaexpress]

[MENTION=273]bhaexpress[/MENTION] who said i don't work? again, its either 9-5 or lazy benefit layabout in many minds on here.

[MENTION=1365]Westdene Seagull[/MENTION] no, the banks dont borrow the money, they lend at interest money they do not have, they own 1 and lend 10. and if [MENTION=599]beorhthelm[/MENTION] thinks this is well known and not a secret, if this information was on MSM main news story for a week, the world would change within a month. the statement to look for yourself is not stupid, if you are looking to me, someone you see as a joke for your information, then that is clearly silly.

the first one i gave was not No.1 it was 1 out of 10 biggies.

2. International Banks funded both sides of WWII and "allied" based banks funded the Nazi war machine.

again, not 2 in order, just 2 out of 10.

Nurse ! Nurse ! The screens !

 

[brunswick]

you seem to be confused with the concept of "secret". its public knowledge to anyone caring to look into it. the often cited Modern Money Mechanics is public domain and been around since 1960's. Adam Smith discusses the basic tenets of lending money, with a bank holding less deposits than the total lent, in the Wealth of Nations (1776). im sure both of these are required reading for any economics course, and are available to anyone to read freely (as in beer and speech). they just arent of much interest to the common man, so the Beeb or what ever dont run programmes on them. maybe they should, if they did, if they had many years, it would be common knowledge and we would have people suddenly discovering this information and deciding they've been tricked.

i totally respect your post, and as i have said before - you are half smart and look into things regardless of our different opinions / versions of objective truth as perceived.

but you know as well as i do, only about 1 in 10,000 (at a guess) know that when they get a mortgage the bank does not have the money due to the 1/10 fractional reserve ratio....and if this was pumped thro the MSM the nation would change overnight.....but also, as you know, the ppl in charge of the banks are in charge of the media.

my definition of secret still stands:

se·cret/ˈsēkrit/
Adjective:
Not known or seen or not meant to be known or seen by others: "a secret plan".

the banks creating money out of thin air (not borrowing as westdene middle class pilchard thinks) and charging interest on it fits in to the above definition, as does my no.2.

 

[Gus is god]

http://www.dailymail.co.uk/news/article-2052630/St-Pauls-cancel-Remembrance-Sunday-service-Occupy-London-protests.html

Hope there pleased.

 

[BadFish]

http://www.dailymail.co.uk/news/article-2052630/St-Pauls-cancel-Remembrance-Sunday-service-Occupy-London-protests.html

Hope there pleased.

Classic daily mail, they are probably hiding asylum seekers too!

 

[Driver8]

i totally respect your post, and as i have said before - you are half smart and look into things regardless of our different opinions / versions of objective truth as perceived.

but you know as well as i do, only about 1 in 10,000 (at a guess) know that when they get a mortgage the bank does not have the money due to the 1/10 fractional reserve ratio....and if this was pumped thro the MSM the nation would change overnight.....but also, as you know, the ppl in charge of the banks are in charge of the media.

my definition of secret still stands:

se·cret/ˈsēkrit/
Adjective:
Not known or seen or not meant to be known or seen by others: "a secret plan".

the banks creating money out of thin air (not borrowing as westdene middle class pilchard thinks) and charging interest on it fits in to the above definition, as does my no.2.

If its a secret how do you know about it?

Seriously though most intelligent people know how the retail banking system works- and has successfully worked for centuries.

 

[Soul Finger]

I went up there with a friend last Wednesday with a load of food and provisions.

There was a huge cross-section of people camping out - not just 'hippies'.

The bank bail out cost the taxpayer over £850 billion.

The current system doesn't work and has to change.