I checked the website - what a laugh!
Here's a description of the author. Is it you?

Formally known as Walter J. Williams, my friends call me John. For more than 25 years, I have been a private consulting economist and, out of necessity, had to become a specialist in government economic reporting.

One of my early clients was a large manufacturer of commercial airplanes, who had developed an econometric model for predicting revenue passenger miles. The level of revenue passenger miles was their primary sales forecasting tool, and the model was heavily dependent on the GNP (now GDP) as reported by the Department of Commerce. Suddenly, their model stopped working, and they asked me if I could fix it. I realized the GNP numbers were faulty, corrected them for my client (official reporting was similarly revised a couple of years later) and the model worked again, at least for a while, until GNP methodological changes eventually made the underlying data worthless.
Not only that, send $175 and you can get more of his tripe!



It just gets better!
The author of this 2nd refrence sells a book with the description
"By far the easiest Strategy anyone can use now to become a multi-millionaire in the UK....fully revealed in in a £20 book


The only think I learn from you is that I can learn nothing from you.



Obviously touched a raw nerve with you. The ulitmate retreat "I'm not talking to you".
you;'ve been rumbled.
Not only that, I've revealed your websites as being the "touting for business from fools" references that they are.

https://www.cia.gov/library/publications/th...r/2079rank.html

Here's some logic for you!

Injin has *exactly" £1,000,000 in the bank. (Oh I forgot, he abhors the banking system so its probably gold buried in the garden!)
Injin has prepared for the collapse of society but he forgot about the necesity of needing power
Injin is writing a book and getting his ideas "proof read" by HPC posters for free
Injin is about 50 years old and doesn't work.

Injin, if you were so rich, what the hell are you doing here in the UK?

No. Gold is money.



probability(bank collaspe) >> probability(diagnosed with terminal illness)

Unless you're a 95 year old chain smoker that regularly engages in unprotected sex with East African prostitutes. Actually, banking collapses are still more likely!



What will any "insurance" be worth when all financial assets turn to dust. Better to have a PM stash and live next door to a medical doctor.

No factual problems with the articles then?

Just wacky ad hominems and laughter?

Can you do logical discourse at all?

Oh well, in the absence of any reasoned argument I will just assume that you fully agree with everything within them and don't like it for emotional or other reasons.

http://peeringintodarkness.com/?p=931

Have a video of CNN interviewing Mr. Williams. I deliberately chose a site with wacky conspiracy linsk all over it. Now you have a choice - you can either -

1) GO on about alien probes, the illuminati and ad hominem yourself into atoms

or

2) Talk about the factual elements of the video based on the numbers.


If you pick 1) I will assume you agree with the facts presented.




p.s. The fact that they make a living selling advice gives them more credibility rather than less - they would be broke if they were bad at it.

I always assumed he was in his 20s.

No, Gold is a metal, some would treat it as money, but if you were starving, a loaf of bread would quickly become money.

All irrelevent as to the matter at hand.

Is there going to be a hyperinflationary depression and state collapse or not, based on the numbers?

Are any banks safe?


No. That's the simple answer. 99% of banks are currently insolvent. Only government/central bank action, combined with a control of the mass-media is preventing a complete collapse.

No, you'd f*cking eat it!

You can eat gold. They put it on posh cakes.

Back to the point, the value of something depends on the demand. If we have total collapse, a loaf will have more value than pocket of gold.

So why are banks such as Lloyds actively looking at expanding by buying other banks? Surely if they were broke they would be battening down the hatches?

Its the end of the world! Again. Take a step back and read the above statement again and then you may realise how utterly stupid it sounds. If you really thought this was going to happen you would sell up and leave.

The fact that the only place this rubbish can be posted is on a wacky site says loads about the article.
All these "paranoid pandering" sites you keep looking at are just reflecting back what you want to hear.

What is the point of trying to reason when all you want to do is draw people into your "Look its all true in my imagination" arguements?
I'm making the point to you that you are delusional. In fact I truely believe you are mentally ill.

because.... if they have a pile of cash in the balance sheet ( which is where the problem lies), changing that cash into another asset makes no difference, except, the new asset would hopefully earn them more than the cash they have in stock.

Why?

Read my other posts - I think that a state and banking collapse is just about the best thing that can happen in the medium to long term.

and supply



Gold has monetary value where there is a free market. It is true that if there is a complete breakdown of all markets than Gold has no monetary value whatsoever. The markets will reappear on the other side at some point though.

All True. We have an accord.

Oh dear. You better get your £1000,000 out of the banking system then!

The fact that you never engage the actual numbers or facts means that I assume you think I am correct.

It's dead simple - the banking system has been discovered as insolvent (which it always is, it's merely a metter of time before people notice) and the government have made lots and lots of promises to more or less everyone that it has absolutely no chance of keeping, even with a functioning inflationary enabling banking system.

Without the banking system, it's completely toast. Gone. Poof. Vanished. yes, it can be set up again and will be, but it's going to be a lot smaller because of the changes that the general population will want - fiat money ******ed into a cocked hat for a start.

Again, my mental illness or the location of the information has nothing to do with it's veracity. I couldbe a drolling cpaz typing this from a mental hospital and my statements would either be correct or incorrect.

I could be a monkey typing this at random and the statements would be correct or incorrect. Deal with what I say, not who I might be.

That's not my money anymore - I gave it to you.

Have another £1,000,000 in the hope that you can keep up. Personally I like the currenct system - ******wits accept numbers with no backing as payment for real world goods. As I am not a cretin and don't fall for such madness I have had great fun with the system as it has been. It was never going to last though.

Injin, I am.

P.S. get that £1000,000 out quick.

That was a big mistake making out you're wealthy and you know it.
When you read it tomorrow and think "I wish I hadn't said that" just remember we'll still remember

What a pathetic about turn!
So now you don't have £1000,000!
Why am I not surprised.

N.B. Most of us will always be richer than you

Have another £1,000,000 in the vain hope that you will ever get it.

I'm glad that you agree with me about the state collapse and banking system failure, btw. You've agreed three times now.

Oh, and since when is CNN a paranoid website?

A good bank might be Hoare & Co (if you are loaded ). Unlike the rest of the financial sector, they are sensitive to the likelihood of their loans being repaid. They "are not interested in getting bigger just for the sake of it".

Bankers would not be punters if they were forced to pay all losses
http://www.telegraph.co.uk/money/main.jhtm...0/ccjeff130.xml
But here's the rub: Hoare & Co is no ordinary bank. It is wholly owned by Hoare family members and is financed entirely by them on an unlimited liability basis. They are on the hook for every penny, which helps to explain the bank's statement: "We have a highly conservative attitude to risk."


In the armageddon scenario, Gold is useful only to the extent that you have faith in your ability to deceive (and detect deception in others). It will be illegal to use Gold and the authorities will be doing everything they can to confiscate it.

Derren Brown Trick or Treat - Car Salesmen
http://uk.youtube.com/watch?v=Gi2cvop3vbM

No, I have an infinite amount of £1,000,000 to give away.

Have another one, eventually you might get it.

£1,000,000

Still no response on a factual basis I notice. That's 4 times you've completely agreed with me now.

He is saying, and always has said, that:

£1,000,000.00

typed on a screen is all the proof banks need that they HAVE £1,000,000.00 to give you.

They may or may not HAVE £1,000,000.00 to give you, but the act of displaying it is PROOF to many people- until the bank is asked for the money by just one too many people. Then they are found wanting and NEVER had the means to fulfil ALL their comittments as they fall due. In any other business, this means they are insolvent.

Its only becuase it is a bank that types it, rather than injin, that people beleive it.

Until the mods say so, I'm quite happy to reveal you to be the fraud/failure round here.
All thats happening Injin, is that your trolling is getting more and more noticed.

A better Derren brown -

http://www.youtube.com/watch?v=3Vz_YTNLn6w

How to pay with paper, the bankers favourite trick.

Therefore banking is fraud, correct?

No facts, no arguments, and not even a decent ad hominem.

Another £1,000,000 for you because every time you post with no facts or arguments, you agree with me.

What else do you think he wants? I've found threads to be a lot more interesting since I put him on "ignore". Occasionally disjointed, true; but easier to bypass his hijackings.

By the logic of proof I don't actually owe the bank anything for my mortgage as I never actually saw the money, it was only ever on a computer screen.

As I've noted before someone in the states used this argument to stop his house repossession, whether it was held up on the appeal I don't know.

That really isn't fair.

All my posts are factual, evidence based and relevent. The fact that following facts and evidence leads to places that piss people off isn't my fault, nor does it make my statements and position trolling.

I just asked them for proper proof money ever changed hands and they wiped me off the system completely.

Fraudsters.

Cheers - How do I put him on ignore?

Laura had a whole thread on ignoring things.

Click my name - view member profile - ignore, then confirm it.

Hope this helps.

Hey Injin, thanks for telling everyone how to ignore you. I won't be though

You might as well do, you never actually respond to anything I write, just make up yet more stuff. I imagine a typical conversation between us would go something like -

Injin - "Hi mate, hows the weather?"

Downtraded - "Like you could tell, you paranoid consipracy nut!!"

Injin - "looks like rain, I saw a forecast on the BBC."

DT - "You are mad! Loopy! Stick your wacky conspiracy sites up your jacksy "

Injin - "Those are some pretty dark clouds and the wind is picking up."

DT - "tralallala I';m not listening, you mad buffooooooooon!!"

Injin "Yeah, rain has started. best get an umbrella."

Dt - "You are only saying that because you know an umbrella salesman!!"

etc etc

Are you Bill O'Reilly in disguise by any chance?

He is rude, single minded and non responsive too.

Hey Injin, that was a bit lon winded and a bit boring
Anyway, this is you kicking down the walls of banking!

http://www.youtube.com/watch?v=q_J4Pj-yShY

I enjoyed it and that's all that matters.

Got any decent links?

Because they're getting a great deal of "encouragement" from Central Banks.

I think that's the problem with this site, it often gets far too personal. Can't we keep this thread on topic?

Don't worry about the Compensation Scheme the money is coming direct from the State. It isn't pre-funded ("It is not a good time in terms of a cash-call on the industry"), meaning that if the FSA need to pay out they'll only chase the banks up for funds after the event.

http://www.telegraph.co.uk/money/main.jhtm...02/cndep102.xml Taxpayers are to foot the bill for any future banking failure after the Treasury shied away from forcing lenders to pre-fund the industry compensation scheme for savers... Currently, the deposit protection scheme operates on a pay-as-you-go basis with annual levies on the industry of no more than £4bn.

http://www.telegraph.co.uk/money/main.jhtm.../02/ccom102.xml The Treasury's decision to let the banks off pre-funding a new deposit protection scheme is a whitewash. Should a lender collapse, savers will be rescued by a generous state bail-out, receiving their cash up to £50,000 within seven days.

http://www.fsa.gov.uk/pubs/cp/cp07_05.pdf We propose to increase the overall financial capacity of the compensation scheme – initially up to a maximum of £4.4 billion, a major increase from current capacity – in two main ways.

http://www.moneyweek.com/file/35639/who-ca...-money-now.html The British equivalent of the FDIC, this Compensation Scheme – it was revealed Tuesday – now holds funds of just £4.4 million. Total UK bank deposits, on the other hand, total some £1.6 trillion. It doesn't matter that, in the wholly unlikely event of a total collapse in British banking, the fund could offer only 0.00002% in compensation. Forget the fact, too, that the US insurance scheme by comparison holds 5,000 times as much cash for a population only five times the size.


It's going to be difficult to increase the tax take hence the need to borrow from the BOE. Yes, money is created when the Govt issues bonds but it is also created when customers borrow money from a commercial bank.

I assume the compensation scheme is funded by taking a share of each banks' depositors' money rather than shareholders' capital.

Am I right?

Don't know, wouldn't put it past them

Why is it a problem to have a surplus of cash?

It's an overhead, they have to guard it and also it's an opportunity cost - it could be out there in some suckers hands and earning them interest instead.

Any proof?