75ZT Community

Wouldn't be any kind of surprise. I am of the firm belief all commodoties values are manipulated to the benefit of traders. The producers and end users are the losers, governments make their inflated rake off regardless and may well be complicit.

Well Commodity Traders, anyway!

MrDoodles wrote:Well Commodity Traders, anyway!

Succinct.

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again...Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit'."

... and even if they didn't, they should have, so we had somebody to blame

Not so sure the bankers are the real baddies of the piece. They are after all, contrary to common belief, and notwithstanding their collective characteristic of doubtful parentage, mere humans exhibiting a universally instinctive impulse to feather one’s nest. Even if it means taking away from others the means of making their own dry, warm one.

The real baddie, or at least a major contributor to our present difficulty, is the insatiable demand for credit. Imagine, if there was just half the credit outstanding in the world the amount of money there would be available that is currently required to pay down debt. That money is diverted from the economy to reinforce the finance industry which exists only for itself. That’s a rather simplistic definition of parasitism but effective just the same. If economies were run sans debt, growth would be what it should and maybe we wouldn’t be where we are.

Some of us may remember when Hire Purchase reared it’s Alienesque head.
You want it? You can have it! Just sign here my friend! Then pay me every month for the privilege of borrowing it for three years and then you’ve only got one payment to make! Then you can own it. ’Cos it’s worth nowt.
Then the birth of the Access card with a credit limit equal to two years salary, issued to people who’s jobs where far from secure.

The worst news the Bank of England could hear now?
`Good morning Mr. King. This is Grabbit and Hoppit Inc, Credit Index (Worldwide). We are sorry to inform you that we have to downgrade your rating from AAA+ to A-. We realise this will mean the repayments on your national debt will double and take this opportunity to
remind you that your next due date is 1st. of next month‘. It’s a merry-go-round with its cruise control set to ‘faster and faster’.

Populus me sibilat, at mihi plaudo
ispe domi simul ac nummos contemplar in arca

while agree with al the above most of this was down to a crackpot theory invented by by a coulpe of guys.in which all banking investments using a calculator could be asscessed.armed with this they went forward into the hedge funds etc.lets make money? which they did in huge amounts. the problem was they did not fully understsnd the theory and then tryed to make it work.this at the end of the day is the biggest mistake in history.but in basic terms no more than pyrarmid selling. this is not the end of the world as we no it but not far off it.the system goverment etc .now is pumping up it all up by quantive easying .this however will fail .so guys stuff your money under the mattress take all your money from the banks and get ready for a rough ride

Suffolk Man wrote:take all your money from the banks and get ready for a rough ride

What money?