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Post by jewbird on May 31, 2007 15:25:53 GMT -5
Although the notion of Illuminatist banking cabal enslaving the world from the City of London is certainly distasteful, there is something to be said for the notion of money as debt, in theory. For every credit, there is a debt. Money is simply an instrument to settle accounts and payment and collection of interest is a useful mechanism to ensure that accounts are settled promptly.
Muslim societies forbid it, but there's the notion of time value of money. Time should be considered a limited good that has economic value. If not, people will always be lazy and put things off until they're slapped with a $29 late payment fee. That goes straight into the pockets of Jewish bankers, but the Jewish bankers also have overhead in evaluating credit risk and dealing with defaults and they do pay people to deal with all that.
And although the tendency is for wealth to accumulate into a few hands, that is capitalism. You need a hell of a lot of capital accumulated into a few hands to design and create a computer or a car or cell phone or pretty much anything that doesn't come out of the ground. Perhaps oil companies make too much money for what they do, but oil has been pretty flat, price-wise. Gas prices are high apparently due to refining capacity. And that will require capital to fix. Even oil needs to be located.
What we do have that's a problem is poverty. If population expands faster than the money supply or the money supply increases faster than production of real goods and services or people borrow to consume, yes, that's a problem. I don't know what people hope or expect to be able to do about that, but capital is flowing to accelerate growth in some of the world's poorest nations.
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Post by j3aN62 on Jun 1, 2007 11:06:42 GMT -5
And although the tendency is for wealth to accumulate into a few hands, that is capitalism. Privatization of the central banks were not done playing the rules. It was done illegally, from what I have read.
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Post by jewbird on Jun 1, 2007 15:13:57 GMT -5
If you read your Protocols of the Elders of Zion, you will discover that law is merely a codification of the dictates of the power structure.
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Post by j3aN62 on Jun 1, 2007 15:28:01 GMT -5
Tricky, but I'm not satisfied with this kind of answer. The constitution got citizen approval because it was fair in essence. From what I remember of my net reading : privatization of the feds and al, was POSTERIOR to the constitution of late 18th century.
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0
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Post by 0 on Jun 1, 2007 15:32:11 GMT -5
If you read your Protocols of the Elders of Zion, you will discover that law is merely a codification of the dictates of the power structure. I can't believe you are quoting that discredited document. en.wikipedia.org/wiki/Protocols_of_elder_zionAnd here's a supporter of the Protocols - David Icke. Who also believes that the British Royal family are really reptillian humanoids en.wikipedia.org/wiki/David_Icke
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Post by j3aN62 on Jun 1, 2007 15:37:50 GMT -5
Okay, I'm recalling what I read : the average American was getting too rich, because of the fair banking system. Therefore the euro bankers set in, and got the central banks privatized early 20th. So that was it, the american people were enslaved like the rest of the world.
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Post by jewbird on Jun 1, 2007 21:30:56 GMT -5
If you read your Protocols of the Elders of Zion, you will discover that law is merely a codification of the dictates of the power structure. I can't believe you are quoting that discredited document. en.wikipedia.org/wiki/Protocols_of_elder_zionAnd here's a supporter of the Protocols - David Icke. Who also believes that the British Royal family are really reptillian humanoids en.wikipedia.org/wiki/David_IckeDiscredited? Did whoever wrote the wiki even read them? Attacking the source doesn't defeat ideas. And plagiarism of ideas means the ideas are good.
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Post by jewbird on Jun 1, 2007 21:36:15 GMT -5
Okay, I'm recalling what I read : the average American was getting too rich, because of the fair banking system. Therefore the euro bankers set in, and got the central banks privatized early 20th. So that was it, the american people were enslaved like the rest of the world. It's difficult to say. Supposing central banks were in public hands, would there not be politicial incentive to meddle as opposed to mere greed? The danger from the former is certainly every bit as threatening as that from the latter, if not more.
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Post by j3aN62 on Jun 2, 2007 6:07:07 GMT -5
Seeing how public money is spent, yes maybe. Since also the average IQ in power, no good either. I've found out how low IQs in command result in lots of problems. But I'm really doubful about the bankers intelligence beyond trying to keep the power.
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rolls
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Post by rolls on Jun 6, 2007 23:26:17 GMT -5
Its the job of the central bank to keep the money market in equilibrium i.e. money supply=money demand So i cant really see this scenario occuring unless there is an inept central bank and commercial banks. If someone defaults on a loan the bank should just write it off as a loss instead of injecting more money into it.
Plus with inflation the real value of debt should not really be increasing i dont think even though in nominal terms it is. Overall if everything is in equilibrium i.e. goods market and money market then everything is stable and sustainable.
I suppose the situation the documentary would kind of describe is Japan. Whereby many companies defaulted on their loans after collapse of the nikkei and land prices that were used as collateral. Bank managers were unwilling to write off the loans and lent them more money on the off chance they could recover and then all the other problems of deflation etc. But essentially it was all caused by the central bank not being quick enough to cut rates and the poor banking system. But Japan is recovering now and posting some encouraging statistics due to various banking reforms, fiscal and monetary policies.
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Post by jewbird on Jun 9, 2007 2:41:25 GMT -5
Seeing how public money is spent, yes maybe. Since also the average IQ in power, no good either. I've found out how low IQs in command result in lots of problems. But I'm really doubful about the bankers intelligence beyond trying to keep the power. I know how you feel, Jean. Maybe keeping power is smart enough for them? I mean, if you were dictator, how would things better?
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Post by j3aN62 on Jun 12, 2007 7:26:32 GMT -5
Okay let's start a santa claus list. ;D Dear illuminati, could you please stop the gm crops, the electromagnetic pollution, the depleted uranium (too late I know), etc.
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Post by jewbird on Jun 13, 2007 15:01:22 GMT -5
No one pays a girl to retain her virtue, Jean.
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Post by jewbird on Jun 17, 2007 14:18:38 GMT -5
Debt DRIVES economic growth because people are spending money. Presumably finance charges are added to GDP as well. Low unemployment doesn't necessarily mean that people are making enough money to live. I don't know about Australia, but in America it doesn't even mean people necessarily have jobs.
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Post by chinesejewfool on Jun 17, 2007 16:59:22 GMT -5
Massive foreclosure rates in the whole Central Valley of Cali.
People speculated prices would continue to skyrocket, but they've dipped down low big time and many are going BK.
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