how our money system works

[JamesA]

Thought I'd post a link to an excellent video:
http://www.documentary24.com/this-is-how-our-money-system-works--86/

Finally an explanation of what the hell is goin on for the layman.

 

[mark vincent]

A better title for your post could have been 'how our money system doesn't work'

 

[Norcon]

I think the solution to breaking the strangle hold of the banks once and for all would be for those of us who own our properties to sell the property and insist on cash. Then take the cash outside and burn it on a fire.
The ole tax man gets nothing either and nothing goes back into the banking system.
Happy Days.

 

[swidders]

I think the solution to breaking the strangle hold of the banks once and for all would be for those of us who own our properties to sell the property and insist on cash. Then take the cash outside and burn it on a fire.
The ole tax man gets nothing either and nothing goes back into the banking system.
Happy Days.

You'll have to apply and pay for a licence to burn that money in an open space, and pay landfill tax for the ashes afterwards

 

[Norcon]

Not where I live you don't.
But then one would be homeless wouldn't one.
That's easily solved though as I could then rob a bank off all the depositors dosh and do a runner abroad.

 

[NS215]

That's easily solved though as I could then rob a bank off all the depositors dosh and do a runner abroad.

Not so easily solved as everyone has sold up and burnt their cash so no money in the bank to rob (well it was your idea)

 

[regsmyth]

You see, it's what they keep telling us (reference the incoherent drivel above) - these banking brains are so brilliant, we need their talent to keep our complicated financial system in balance. Please, pay them more so they won't walk and leave us in a mess.

 

[empip]

Fred has a go at 'em ...
http://www.renegadeeconomist.com/default.asp?Display=62
He does Youtube too.

If you really want to know...
http://www.chrismartenson.com/crashcourse

We are nearly zunk !! Look out for inflation returning - now the money is being 'printed' ....

 

[Norcon]

regsmyth wrote

these banking brains are so brilliant

If they are so brilliant then why are they bankrupt? Only an idiot would think that they have brilliant brains.
Brilliance is when you procure land and property without going cap in hand to a bank. Have never paid interest to greedy banks and never intend to.

 

[anobium]

Seriously considering taking all my money out of bank and putting into premium bonds.
What have I got to lose, who knows I may just get lucky, and in any event easy to withdraw when things pick up.
What do you think, only problem I can see is that countless others will do same and increase odds against winning.
Now dont go blagging this about, its just for those on diynot.

 

[dave1953]

anobium, don't bother, the missus has a few quid in bonds and first of every month she's on the computer to see who's won what. Since the interest rate is now so cr-p and thats how the bonds generate monies to give away the list of winners and amounts won has degenerated something awful, I've told her get it out and invest in me

 

[regsmyth]

If they are so brilliant then why are they bankrupt?

Because they spent it all, knowing that HM Treasurer has no option but to give them some more. Brilliance I call it.

Didn't you know it's the banks that are in charge?

 

[Trazor]

What do you think, only problem I can see is that countless others will do same and increase odds against winning.

The amount of prizes paid out, is directly proportional, to the total premium bond fund.
So the odds stay the same.