Banks.

[Frankincense]

I work in one....please note....although Dave may not agree, and multitudes for sanity purposes should join him...one can talk about the fees, personal accountability for financial management, neccessary evils, part of life, not what it used to be, taking your own responsability (btw - it's you who's being taken ) ...blah blah blah.....

The bottom line is....there is a little book that talks about no "buying and selling without a mark" .....666....and when you start to investigate the trends in both banking and technology and thier inseperability...you will see what I see....given the prevailant attitude and habits of these institutions...

These are the Gods that control humanity and pay everyone else off to fullfill thiers needs. Governments...Media...Sports Sponsors...you name it...

I know, I know.....here I go again....

By all means...carry on talking about banks with possibly other "noble" ideas...but you will more frequently hear about all system tracking and ease of transaction through electro chips..already on some master visa cards....it's gonna be force fed to you.....after the consent period is over....1st FICA, 2cnd RICA, 3rd EUREKA...game over!


What I love about prophecy is that no one can change it...they may scoff at it, and find ways to deal with it...but WHAT MUST BE MUST BE!

@TecO :"I am not going to pretend that I understand the inner most sinister workings of a bank but I really do not understand inflation. And I cannot understand why inflation exists."

It exists because banks may create money outta thin air. All I need is to retain 10% (in SA it's Basil I & II Capital Reserves what what)...and then the party starts


Here goes...all aboard???........I recieve R100 as deposit...I must keep 10% = R10 then I may now borrow to someone else R90...who in turn pops that R90 into their savings account with my bank again...now I have R100 + the R90 I borrowed as I fullfiled my BASIL requirement to keep 10% reserve.....so what was R100 has already become R1o0 initial deposit + R10 reserve + R90 redeposited which I am allowed to create outta nothing...

That is inflation 101 explained in simplistic terms...I make money outta nothin...and no one except God Himself will destroy this.....all becuase it's designed like this...oh...the R90 you reinvested with me...I'm gonna keep R9 and borrow the other...R81...and so on, and so on...

...now work out if a couple of people invest a couple of million in the bank???

What you get is a hyperinflation controlled by money supply and a dash of fictitious calculated "reccessions" to create an idea,"things are bad".....it's PARTY TIME...AND IT'S becuase the ultimate objective is for 666...NOTHING ELSE....

Go ahead, study the increase in money supply over decades.., and that decreases it's value....that's why 10 years ago a bread cost R2 now it's R12...not because bread became more valueable, but because banks are allwoed to have a party in earth....and make a shit load a cash...from nothing....

Eish....I'm sorry...

Sleep well folks....



TETRAGRAMMATON RULES!!!!

[Dave A]

That puts the "security" of a ten percent reserve in a different light. At first blush that 10% would seem closer to 1% in reality. We're not missing something here? A consequence of the diminishing numbers in that sequence...

Go ahead, study the increase in money supply over decades.., and that decreases it's value....that's why 10 years ago a bread cost R2 now it's R12...not because bread became more valueable, but because banks are allwoed to have a party in earth....and make a shit load a cash...from nothing....

Actually they make the money out of the margin between what they pay out and what they reap in just like any other business. It's just their commodity is predominantly other people's money.

Your point on inflation jogged another morsel or two lodged in my mind.

When did inflation start? And what triggered it?
I always thought it was the climb in the price of oil around 1970 that started the inflation monster - but given your point (the fact that inflation requires an oversupply of money), is that right? Was it really oil or was it, in fact, a change in money supply policy?

And then a thought related to Illuminati matters - the bond investor has one major enemy - inflation. Probably worth chewing on when considering what might be driving it all.

[tec0]

So basically when I apply for a home loan all my finances are being looked at and scrutinised, all my assets is then translated as “financial stability� so if I can’t pay I stand to lose it all. But the bank puts nothing up. Basically they just pay the current owner with thin air! Because the “money� was created when I applied for the loan!

I am stupefied really... So when we work on low risk the banks work on no risk and they take money from us in the form of bank charges and interests on our loans not to mention inflation that is all basically created by them?

This can’t be... can it? When I look at my living cost it is said you lose 40 cents of every R1 on tax and its many faces. But now thanks to Eskom we are looking to lose even more because the actual COST will increase by a possible 43% So basically I as a person only urn about 20 cents of every R1 but the bank only have to keep 10% of my 20 cents as physical collateral thus I actually have less than that then comes all the charges and everything else. No wonder we are in a bloody recession! The system is self-defeating thus impossible to keep what you have!

Now if this system is indeed “designed� to work that way then what the hell are we using banks for? Will it not be better to translate your wealth into something more physical like gold coins or even certified diamonds? But even then you stand to lose...

Slaves to the system just got a new meaning in my books. Or I am missing a few details...

[sgafc]

Thats why its better to be self employed. "You Earn Money Before You Pay Tax" An employee pays tax before they EARN it."

Self employed people also have substantial room to play around with to claim Vat back, and reduce taxes. Not for the employed person(no matter how much they earn)

But all of us remain victims of a wicked banking system...

[Frankincense]

"Actually they make the money out of the margin between what they pay out and what they reap in just like any other business. It's just their commodity is predominantly other people's money. "

No......we take a little of others money, and may turn it into much more by borrowing it out and recieving it back again (FRACTIONAL RESERVE LENDING)...Basil I & II

This is not an ethical business, nor is there anything "normal" about it. Yes banks have outflows, but fractional reserve creation of funds really does cover the expences...lol..... [see inflation 101 in post #9 ]

Indeed Sgafc:"... all of us remain victims of a wicked banking system..."

[sgafc]

What is inflation? Economics 1, defines it as too much money chasing too little goods and services....really?

I would say Too, many goods and services chasing money(that the banksters first created out of nothing, and sucked out of the system), now there is not enough money to pay for the goods and services.

I recall in the various "drought periods", 1984, 1991 and 1997, how the supermarkets were packed to capacity, and overflowing, with vegetables and fruit. I see business people every day, with an abundance of services and goods to sell, but there is NO market(read money) for their goods and services.
Whether you agree with me or not...something doesnt add up???

[tec0]

True, more shops are closing because of “lack of business� and not just “bad service� as some may think. When one look at South Africa you will find that we are unique because jobs are controlled by industry and heavy industry. Commercial profits are based on industrial profits. The more work there is the more money there is... “That kind of scenario�.

Now big companies don’t improve the lives of the general population thus we see a picture of labour abuse, and few “training opportunities� and I will not even mention the politics that is involved. How can we reach financial stability if there is no planning for development? Fact is in trying times the tax could have been more “lenient� and more importantly the banks could have been more “responsible� when it comes to “repossessing� things like cars, houses and that kind of thing.

How can you possibly stand a chance to pay the bank back if they take your transport and basically by doing that you lose your ability to work and earn money...? Now I know you get lot people that want to take chances and take what they can get. But making everyone guilty by association is not helping the economy or the clients that IS actually trying to pay the bank its money...

Banks must realise that “job security� is a thing of the past...

[Frankincense]

Yeah, Bankers have always calculated who should remain employed and who shouldn't based on benefits....also for how long would a depression (mass unemployment) benefit them if sustained....If Bankers decide to drop a specific bank to it's knees, then shame, the staff are jobless....but at least they get to buy the bank and take it over at a song...this has been done so often....business as usual for bankers...human capital and job security are variables one plays with to maximise control and profit....

[tec0]

I think you might have misunderstood my post. What I was pointing at is the fact that some people do try and keep their payments up but despite their efforts the banks still decide “take” the property and sell it at a massif loss. Now once the property is sold at a loss the bank will still keep the person whose property was taken and sold liable for the “outstanding amount” So not only did the person lose their property they still owe the bank money.

Now let’s say that this piece of property is a car. Now with the car the person was still able to pay back “an amount of money” but without it, this person can no longer work thus “no money” for the bank and a los for both the bank and the person involved.

Now if the bank acted responsibly and “negotiated” payments and allow the person to keep the car then that person would be able to work and pay them back. Thus the bank “don’t lose money” where as “flogging at auction” they only get 15% to 30% of its actual value.

But in all honesty I don’t just blame the banks for our problems. Fact is if we had proper public transport most people will not need a car to get to and from work. I think our government can ease up on the car manufacturers and the car manufactures can drop their prices by 15% to 20% on “entry-level cars” Thus affordability becomes a reality once more.