EPTCapitalism face off: a Brief Lecture - Page 6
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Caller
Poland8075 Posts
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DoubleReed
United States4130 Posts
It should be noted that the American Politicans and presidents fought, and died, to keep this banking system out of America. Andrew Jackson, one of the bravest presidents of all time, managed to abolish the (rothschild controlled) first bank of America. Here are a few Quotes by him: This made me want to puke. You do know Andrew Jackson is wholly responsible for the hideous massacre of the Native Americans, right? The whole "Trail of Tears" thing was him. History does not look upon him fondly. At all. Quoting him (several times mind you) only makes my contempt and disgust of the OP ever clearer. | ||
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roffelito
Sweden9 Posts
2) someone here asked what we can do about it, if we're not happy with the way things are today. my suggestion is: instead of aiming for continued growth, aim for plus-minus-zero. | ||
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Gaga
Germany433 Posts
On January 23 2012 03:30 Hider wrote: How will private banks get money? Yes the answer is obv., from private lenders. What do private lenders want? A good interest rate. Banks that are corrupt and misues the lenders money isn't going to give out high interst rate, hence they will go bankrupt. people just don't understand how banks work ... just a brief thing to notice. When a bank lends someoney money the borrower offers securities for that loan. Securities that are worth as much as the loan. That means that the banks balance sheet (what they have vs what they owe) just grew bigger equally on both sides just by offering that loan. The money for that loan came from nowhere ... thats the process when people claim that banks create money out of thin air. as side note : only then can you understand for example what a disaster it was for the banking system when all the houses that they had as securities in their balance sheets dropped so sharp in value in 07/08. Only when the person who made that loan wants to withdraw the money from the bank does the bank need to get that money either by lending it from the central bank or some other source. But since most of the money is quickly put back into the banking system again they need just fractions of the money the can lend... with electronic payments they don't even need to do that anymore either. Banks just need a fraction of the money they lend... thats also the way single banks where able to amass risks that are greater than the whole GDP of their country. and i am also quite sure that this system is the foundation of the rules of our world. Money rules the world.... when someone wants to read on this you can start here http://en.wikipedia.org/wiki/Fractional_reserve_banking , http://en.wikipedia.org/wiki/Money_creation | ||
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FIStarcraft
United States154 Posts
On January 22 2012 23:10 zalz wrote: This is a very elaborate "The jews did it" post. I would warn anyone from consuming this mind poison. What? No... It's a very elaborate "The free market does not exist" post. Which is entirely accurate. | ||
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Hider
Denmark9407 Posts
On January 23 2012 06:44 Gaga wrote: people just don't understand how banks work ... just a brief thing to notice. When a bank lends someoney money the borrower offers securities for that loan. Securities that are worth as much as the loan. That means that the banks balance sheet (what they have vs what they owe) just grew bigger equally on both sides just by offering that loan. The money for that loan came from nowhere ... thats the process when people claim that banks create money out of thin air. as side note : only then can you understand for example what a disaster it was for the banking system when all the houses that they had as securities in their balance sheets dropped so sharp in value in 07/08. Only when the person who made that loan wants to withdraw the money from the bank does the bank need to get that money either by lending it from the central bank or some other source. But since most of the money is quickly put back into the banking system again they need just fractions of the money the can lend... with electronic payments they don't even need to do that anymore either. Banks just need a fraction of the money they lend... thats also the way single banks where able to amass risks that are greater than the whole GDP of their country. and i am also quite sure that this system is the foundation of the rules of our world. Money rules the world.... when someone wants to read on this you can start here http://en.wikipedia.org/wiki/Fractional_reserve_banking , http://en.wikipedia.org/wiki/Money_creation Yeah I agree, but I dont think your comment was directed to me? I was just referring to how it would be if government/central banks got out of the financial market. But what you just said is somewhat common knowldege. Fractionel reserve banking is taught in macroeconomics classes. It is seen as a way to put liquidity into the market. Central Bank them selves try to speed up the proces by basset some of the assets of the banks. The main problem with fractionel reserve banking is that creates an excessive amount of credit which forces interest rate down. Low interest rates are not in it self a problem, but its a problem when savings are too low. Interest rate should always be determined by the suply of money (savings) and the demand for money. However if savings are too low, and itnerest rate are also low, alot of loans are going to be made, and a lot of malinvestments will be made by companies. Why? Because there isn't going to be any demand for the products made by these malinvestments. When companies are making these malinvestments they made the decision due to the fact that current growth measured in GDP is high and interest low, which means they think thank the economy is healthy. But its not healthy. Its only healthy if the future consumers have the money to buy these products, but they wont have as savings are too low. The above is such an easy concept to understand, yet so people think they can magically avoid facing realities by spending their way out of problems, and manipulating interest rates. If history has taught us anything it is that governemnt cant determine any kind of prices better than the free markets. | ||
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FIStarcraft
United States154 Posts
On January 23 2012 07:00 FIStarcraft wrote: What? No... It's a very elaborate "The free market does not exist" post. Which is entirely accurate. Re-reading it, it's a very elaborate "The free market does not exist, here is my family history, my facts, and some conspiracy theories" post. | ||
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FIStarcraft
United States154 Posts
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Gaga
Germany433 Posts
On January 23 2012 07:09 Hider wrote: Yeah I agree, but I dont think your comment was directed to me? I was just referring to how it would be if government/central banks got out of the financial market. But what you just said is somewhat common knowldege. Fractionel reserve banking is taught in macroeconomics classes. It is seen as a way to put liquidity into the market. Central Bank them selves try to speed up the proces by basset some of the assets of the banks. The main problem with fractionel reserve banking is that creates an excessive amount of credit which forces interest rate down. Low interest rates are not in it self a problem, but its a problem when savings are too low. Interest rate should always be determined by the suply of money (savings) and the demand for money. However if savings are too low, and itnerest rate are also low, alot of loans are going to be made, and a lot of malinvestments will be made by companies. Why? Because there isn't going to be any demand for the products made by these malinvestments. When companies are making these malinvestments they made the decision due to the fact that current growth measured in GDP is high and interest low, which means they think thank the economy is healthy. But its not healthy. Its only healthy if the future consumers have the money to buy these products, but they wont have as savings are too low. The above is such an easy concept to understand, yet so people think they can magically avoid facing realities by spending their way out of problems, and manipulating interest rates. If history has taught us anything it is that governemnt cant determine any kind of prices better than the free markets. ye sry  the qoute is kinda useless | ||
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Nqsty
United Kingdom118 Posts
I really don't get the need to speculate on the whole situation, seriously no one has a CLUE about what's going on. I have an uncle who is a General Manager at Banque Privee Edmont de Rothschild in Geneva and who has been involved in the firm for over two decades. I've had a countless amount of conversations on the subject with him, and I'd like to believe he's well informed. Well guess what, he isn't, no one is, because the secrecy is unbelievable. There are over 2000 Rothschilds today, and the only thing he was able to say for sure is that the Rothschilds themselves don't fully know how large the extent of their fortune is. This whole myth is getting on my nerves, drop it, and please don't say retarded stuff like the Rothschilds helped Hitler in his quest for Europe, that's just taking it way too far. Scholar or no scholar, go back to textbooks and don't try to assess things that aren't assessable. Edit: I also want to add that the system we have in western countries today isn't capitalism, it's flawed capitalism, draw your conclusions accordingly. | ||
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Gaga
Germany433 Posts
On January 23 2012 05:51 DoubleReed wrote: The OP is blatantly anti-semetic. The focus on the Rothchilds and his Jewishness, and the whole conspiratorial tone of the post is exactly how these sorts of stories work. Anyone who knows anything about the history of anti-semetism can see this from a mile away. I request that this be closed on those grounds. This made me want to puke. You do know Andrew Jackson is wholly responsible for the hideous massacre of the Native Americans, right? The whole "Trail of Tears" thing was him. History does not look upon him fondly. At all. Quoting him (several times mind you) only makes my contempt and disgust of the OP ever clearer. The focus on the rothshilds has nothing with them being jewish ... wtf he barely even mentiones it ... sometimes the anti conspiracy guys are just as paranoid as who they fight, i guess. | ||
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zalz
Netherlands3704 Posts
On January 23 2012 07:37 Gaga wrote: The focus on the rothshilds has nothing with them being jewish ... wtf he barely even mentiones it ... sometimes the anti conspiracy guys are just as paranoid as who they fight, i guess. This myth was the crux of the entire "jewish bankers run the world" nonesense. You might not be a nazi if you dress up in an SS uniform but you shouldn't be suprised if people draw the conclusion. | ||
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sunprince
United States2258 Posts
The OP posted more or less the exact same crap a few months ago, and it was closed then. I'm surprised this thread hasn't been closed yet too, given TL's stance on conspiracy theories. | ||
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DoubleReed
United States4130 Posts
On January 23 2012 07:37 Gaga wrote: The focus on the rothshilds has nothing with them being jewish ... wtf he barely even mentiones it ... sometimes the anti conspiracy guys are just as paranoid as who they fight, i guess. Have you read anti-semetic texts? Yes, this is exactly the sort of thing they say. Anti-semetism isn't just "All jews should die and they're greedy." It's typically about conspiracies and false claims of authority and exactly what the OP is talking about. And actually he does remind you that rothschild is jewish several times if you read it. | ||
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derpinator
74 Posts
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Talin
Montenegro10532 Posts
There is a difference between conspiracy theories, and something which is very public, well documented and fairly obvious to anyone that takes an interest in the topic. | ||
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DoubleReed
United States4130 Posts
On January 23 2012 08:06 derpinator wrote: So what, there are "good guy greg jews" and there are "scumbag steve jews". Its clear OP thinks the rothchilds are "scumbag steve jews". Dont be such a fucking drama queen. Quite frankly, I'll be whatever I like especially when the poster reveres someone as terrible as Andrew Jackson. | ||
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Rumpus
United States136 Posts
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perser84
Germany399 Posts
there is nothing that we can do about | ||
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Celestia
Mexico376 Posts
Great vid, I guess it's totally antisemitic by the logic of some ppl. | ||
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