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Socialist Banks

Discussion in 'Off-Topic' started by BobCox2, Oct 12, 2010.

  1. BobCox2

    BobCox2 Diabloii.Net Member

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  2. SonataArctica

    SonataArctica Diabloii.Net Member

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    Re: Socialist Banks

    *caveman groan* WHAT!? unnnn SOCIALIST BAD.... uhhhhhgggg *bashes Bob with a large ham bone*
     
  3. BobCox2

    BobCox2 Diabloii.Net Member

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    Re: Socialist Banks

    Apparently they loan on political figures with no other collateral.
     
  4. krischan

    krischan Europe Trade Moderator

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    Re: Socialist Banks

    Who's the owner of the bank?

    It remembers me of the Hitchhikers Guide to the Galaxy, the passage about the jerks who will be the first against the wall when the revolution comes.
     
  5. enginekid

    enginekid Diabloii.Net Member

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    Re: Socialist Banks

    watch this entire documentary about money
    you'll learn a lot

    The Secret of OZ
     
  6. nurman

    nurman Diabloii.Net Member

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    Re: Socialist Banks

    ^ Very good documentary.
     
  7. Twoflower

    Twoflower Banned

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    Re: Socialist Banks

    only watched the first 20 minutes of that video, because i am at work ^^

    Do they realy suggest that just giving out more and more money will solve all our problems ? Did they ever hear of inflation ?
     
  8. enginekid

    enginekid Diabloii.Net Member

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    Re: Socialist Banks

    that wasn't suggested at all. not sure where you got that.

    your present government run by the FED does that though. See TARP for an example.
     
  9. nurman

    nurman Diabloii.Net Member

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    Re: Socialist Banks

    (I watched the whole film)

    In short, you should let the state / country control the quantity of money, instead of it being controlled by private banks. At current rate, the America's national debt, caused by private bankers, is All money on the market + interest.

    Gah, just watch the dang movie :D
     
  10. Darkflight

    Darkflight Diabloii.Net Member

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    Re: Socialist Banks

    I predict this thread will get someone banned..... :crazyeyes:

    I always wondered about the whole "they have loaned too much money, we need to loan them some to help them" policy every country seems to have. It never made much sense to me. But hey, what do I know. I don't have a Ph.D. in economics.
     
  11. enginekid

    enginekid Diabloii.Net Member

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    Re: Socialist Banks

    how about this Darkflight:

    imagine that you are the USA, the USA is yours and everyone in it is your family. now imagine a group of foreign bankers knock on the door and say they would like to control the printing and issuance of your countries currency (and call their operation "the Federal Reserve" which will hold 'in reserve' paper notes to sell you). they explain that if you agree and sign it into law what will happen is when congress figures out the years budget, they will request the money for the budget, and the executive branch will get it by purchasing the money from "the federal reserve" and also pay compound interest on all that money. And in order to repay to "the federal reserve", the new debt and the interest on that debt, they will setup another operation called "the Internal Revenue Service", whose job it will be to collect revenue from all your family (the people of the nation). the revenue will be called income tax.

    Your first answer is guffaws of laughter and a slammed door because you are a smart guy and you know a scam when you see it. You think to yourself, "wow, what nerve those guys have, thinking i am so stupid i would give the money printing to them, and then have to "borrow every dollar i need and charge myself interest whenever i needed
    it!? haha what a bunch of gangsters"

    but then overtime you get old, and die, and new leaders come, and meanwhile those "gangsters" who call themselves bankers (more appropriately 'banksters'), kept up the pressure for the last 80 years on the political system, by buying off politicians, creating money scares, and even assassinating presidents, until finally they get their own cronies into power positions in your nation, and get through the legislation for their Federal Reserve and IRS.

    Sounds like a crazy fantasy story hey? no nation in its right mind would let that happen...charge themselves interest?

    but no...it's real.
     
  12. Eggmanz

    Eggmanz Diabloii.Net Member

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    Re: Socialist Banks

    Lol I sometimes wonder where these people come from.

    Basically, money makes money. You need to create money and "give" (lend) it to people who can make money off it.

    Take a hypothetical country. This hypothetical country has a central bank that is permitted by the state to literally print money. The central bank then lends this money at a fixed rate (the "fed rates" you may have heard) to private banks. These private banks then lend the same money out at a higher rate to industries of all kinds, entrepreneurs, services and ordinary people like you and me who need money for a mortgage.

    The people who borrow the money make lots more money, which is called added value. On the scale of a nation, this money together is called the GDP. The money is reimbursed back to the banks, and money from private people is put in the banks to be invested into other industries and so on and so forth.

    The central bank stops producing money (or at least slows down), because the more total money you have, the less the whole amount is worth in "actual" terms.

    On top of all that, the government of our hypothetical state has infrastructure to set up : roads, bridges, public buildings and institutions, political institutions, all sorts. It also pays for war and diplomacy, as well as all the public servants. This money has to come from somewhere : it comes from the tax payer, which are the guys who make all the money.

    Sometimes (most of the time), the state gets greedy and spends more than it has. Being a state, it borrows the money at insane interest rates from a wide variety of places, including from people like you and me. It then justifies this by "public spending".

    How much public spending, how much tax, and how much currency, and how much of plenty of other things all depend on the country.

    When one major part of the system no longer functions like it should, you get problems. When investment leads to heavier investment leads to speculation and hyperspeculation, values get blown out of proportion. People realise that they're investment isn't worth nearly as much as the price tag that is attached, and panic to sell, causing the prices to crash drastically. The whole house of cards eventually comes down. That's called a bubble, or in worse cases, a stock market crash, the biggest of which happened in 1929.

    When the banks overextend themselves by giving loans to people who can't pay, and those people default, the banks will get scared and try to sell those loans to other banks. The value of those loans decreases even more as they are sold and it becomes a vicious circle. Eventually, you get a crisis like the one we are going through now.

    Alternatively, if the state tries to control more than it should through "public spending", you get a lot of Europe, where the taxes are very high to attempt to cover the spending and fail miserably. The taxes stifle the guys who are making money, who either stop making money or leave to make money elsewhere. The balance is very fine, and only really works in smaller countries, like the Nordic countries.

    Alternatively, you get countries where people have bizarre ideas and decide that the people needs to be equal. To do this, they need to be controlled (opressed) by a single, small ruling class who decides exactly who should do what. Being equal means abolishing private property, and man's fundamental will for more power brings about disaster. You get the USSR.

    All this is very schematised and simplistic, and I think I recall posting something similar once upon a time here.
     
  13. Technomancer

    Technomancer Diabloii.Net Member

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    Re: Socialist Banks

    I'm probably gonna regret this, but I can't help myself:
    Which US presidents have been assassinated by foreign banksters?

    [​IMG]


     
  14. enginekid

    enginekid Diabloii.Net Member

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    Re: Socialist Banks

    4 presidents in history have directly attempted to stop or rescind the banking acts that gave currency printing and issuance into the hands of private banking entity. all four were gunned down, the only survivor was Andrew Jackson. And he ended the private banks control (not called the FED then, but the precurser entity). And he paid off the entire USA national debt in two years. anyway.

    Not just a coincidence that they happened to be dissolving the private control of your currency and were gunned down. The story the media puts out is always the same. "no one knows why, he must have been a lone nut..." Yet, astoundingly, none of the press, not even films, ever bring up this most glaring coincidence.

    If you were a crime investigator the biggest lead you would have is this fact they all were in the act of banning the FED entity. Instead, everyone plays dumb and makes up a thousand different reasons that are unconnected in any way to each incident. Time for people to wake up.
     
  15. enginekid

    enginekid Diabloii.Net Member

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    Re: Socialist Banks



    watch greenspan say the truth that the FED is beyond the law and the relationships frankly dont matter.

    the FED is untouchable. he calls it an "independent agency"... the avg american knows nothing about what he is saying or the gravity of what that means

    the FED is in D.C. which is a free city state that was created exactly so they could put the FED and the IRS there. the free city state is not a part of the actual USA.
    it is not beholden to the constitution or congress or anything that the rest of the USA is run by. Why? Because the FED is an international non-american entity that sells your nation the currency it needs for its budget. the FED building might as well be on the moon.

    the fact they call it the federal reserve and place it in Washington makes people think its american. exactly what they want you to think. but the reality is the opposite just as greenspan who was its presideent for 30 years says. the federal reserve is as federal as federal express. its not a part of the government at all. not in the governement phone book. and its not american either like FedEx is. it's an international banking cabal outpost in the freee city state of D.C.
     
  16. Knarlfist

    Knarlfist Diabloii.Net Member

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    Re: Socialist Banks

    This is one reason why seeing movies like 'The International' is so scary for me.

    Back in the olden days, the Banking interests could be very brazen, and as detailed in that documentary there is even written evidence of their direct conspiracy. They would react to increasing opposition with whatever methods it took to accomplish their goals, even to the point where an actual lender gunned down a President.

    These days... with high technology, huge Banking profits/resources, etc... I am afraid if there was ever a concerted uprising by the populace it would be dealt with slyly. We the people would never obtain knowledge of the truth or the details, it would just involve conspiracy among the rich and powerful, use of assassins, political distraction, payoffs and crooked career politicians that are already in the pocket. And the sad thing is, we all already know the politicians are crooked, there isn't a day that goes by one of us doesn't say so, or hears someone say so.

    It sucks being so jaded that even the idea of an uprising and revolution would have little chance of success in this day and age, but even so that documentary was very eye-opening and gives a glimmer of hope that some people "do get it", and can see the fact that despite how often we are warned growing up of the fact, we doom ourselves into repeating the mistakes of history.
     
  17. BobCox2

    BobCox2 Diabloii.Net Member

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    Re: Socialist Banks

    I still think I nailed the topic down here in 2 short posts.
     
  18. zrk

    zrk Diabloii.Net Member

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    Re: Socialist Banks

    Legal tender laws (banned private banking/currencies)cause the same situation - the use of legal state tender doesnt imply the preference of people to use that money, but instead the preference to use money AND not be aggressed against

    (The fundamental problem with tax funded institutions remains, no matter what trick governments attempt. That is - it is a problem of the fundamental nature of action. The issue is that preference only exists as far as it is demonstrated. Where preference isnt demonstrated, none exists. And tax funded operations arent preferred by tax payers to their contribution.)



     
  19. Tumbleweed

    Tumbleweed Diabloii.Net Member

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    Re: Socialist Banks

    Because revolutions have such a great record of making things better?

    All these salacious fantasies of a "concerted uprising by the populace" are malicious hogwash. Nothing good ever came for any society from being overrun by slogan-chanting armed mobs.


     
  20. BobCox2

    BobCox2 Diabloii.Net Member

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    Re: Socialist Banks

    @tumble
    Done well it can be a boon for tourism.
    World Bank meetings come to mind.
    @Engine and Tumble
    Correlation does not alone prove causation.
     

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