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Eddie_George

They All Make Profits Together (And Big Profits)

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Physical cash excepted, we the people cannot access directly our own publicly issued national money.

What we have to use as our essential medium of exchange is bank-credit IOUs, lent to us at interest by the cartel.

Rent-a-currency, a stranglehold on everyone else.

Nice work if you can get it.

http://www.positivemoney.org.uk/

just run that by me again?......how would we the people get any of this free issued currency in the first place?

I guess we'd have to borrow it from a private bank?

I guess we'd still have the credit we love?

I guess we'd still owe someone something at interest.

All Positive money seems to be advocating is the removal of the central bank.

All the other problems we have now would still exist.:(

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What do you expect?

Lloyds banking group;

1) can create money from nothing and lend it to the rest of us with interest

2) can break rules without fear of the law

3) cannot be allowed to lose/fail

4) have zero risk

5) operates in an industry which has merged/corrupted/captured the State

How could a company not make massive profits under these circumstances?

Edited by Reck B

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just run that by me again?......how would we the people get any of this free issued currency in the first place?

I guess we'd have to borrow it from a private bank?

I guess we'd still have the credit we love?

I guess we'd still owe someone something at interest.

All Positive money seems to be advocating is the removal of the central bank.

All the other problems we have now would still exist.:(

Do please read the PM proposal.

http://www.positivemoney.org/wp-content/uploads/2013/04/The-Positive-Money-Proposal-2nd-April-2013.pdf

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Physical cash excepted, we the people cannot access directly our own publicly issued national money.

Yes you can! All you need to do is buy a house, and get 20% free from HMG. B)

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What do you expect?

Lloyds banking group;

1) can create money from nothing and lend it to the rest of us with interest

2) can break rules without fear of the law

3) cannot be allowed to lose/fail

4) have zero risk

5) operates in an industry which has merged/corrupted/captured the State

How could a company not make massive profits under these circumstances?

I suppose a little tax back would be too much to ask?

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Do please read the PM proposal.

http://www.positivem...-April-2013.pdf

just reading down the index

they still require a central bank

they require a MCC ( money creation committee).

we already have those two elements.

If you dont change those, i cant see what difference is going to be made...after all, Osborne took back all the profits from QE to support the Deficit ( sorry, sanitize the amount owed on paper to a particular creditor, while putting another, not included in the figure, at risk of needing a bail out at some stage)

this is the very sort of irresponsibility that will destroy ANY money system....borrowed or printed.

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Yes you can! All you need to do is buy a house, and get 20% free from HMG. B)

In general our financial transactions with HMG are conducted with bank-credit IOUs.

The related base money movements occur between the commercial banks' reserve accounts and HMG's account at the BoE.

As usual we have no direct access to this base money.

However, your comment does raise an interesting question:

Question: Is the government creating new base money for its 'Help to Buy' scheme? (to buy an asset, as it does with QE)

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just reading down the index

they still require a central bank

they require a MCC ( money creation committee).

we already have those two elements.

If you dont change those, i cant see what difference is going to be made...after all, Osborne took back all the profits from QE to support the Deficit ( sorry, sanitize the amount owed on paper to a particular creditor, while putting another, not included in the figure, at risk of needing a bail out at some stage)

this is the very sort of irresponsibility that will destroy ANY money system....borrowed or printed.

You correctly identify the apparent relatedness of QE and the PM proposals.

From the PM blog: http://www.positivemoney.org/2013/04/qe-monetary-reform-by-stealth/

The danger to PM is that the negative consequences of QE, which is a last ditch attempt to support the status quo, will paradoxically be used as an argument to resist monetary reform.

Yes, irresponsible use either of QE under the present system or of the post-reform powers of the MCC is potentially disastrous.

So, in whose hands should we place the power to control the quantity of money?

Bankers, to blow asset bubbles?

Politicians, to buy the next election?

Or an accountable, transparent committee with nothing itself to gain from its own decisions?

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'competition' is just one of those quaint 18th century capitalist memes that doesn't mean very much at all.

When we had more banks the 'competitive' ones mis-priced their products to gain market share until they went bust.

The world doesn't need more competition it needs more co-operation.

Edited by R K

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'competition' is just one of those quaint 18th century capitalist memes that doesn't mean very much at all.

When we had more banks the 'competitive' ones mis-priced their products to gain market share until they went bust.

The world doesn't need more competition it needs more co-operation.

They didn't go bust though did they - they were rescued? I know this is nothing new and it's being discussed to death on here, but it just really annoys me.

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Question: Is the government creating new base money for its 'Help to Buy' scheme? (to buy an asset, as it does with QE)

Where else would that money be comin' from?

Even if they don't call it money printing at first.

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Yep, it is obvious. Nobody seems to mind though. :(

Krugman 'the conscience of a liberal' :lol: has actually argued against the notion of TBTF, saying the banks shouldnt be broken up.

Krugman, the banksters kiss-ass more like.

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just run that by me again?......how would we the people get any of this free issued currency in the first place?

I guess we'd have to borrow it from a private bank?

I guess we'd still have the credit we love?

I guess we'd still owe someone something at interest.

All Positive money seems to be advocating is the removal of the central bank.

All the other problems we have now would still exist.:(

Its the Rothschild Tax (veiled owners of Private Bank B.O.E.)

Like credit card surcharges in shops etc on every purchase you make - are the hidden Bank Tax

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  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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