Re: What Will Happen When The Pyramid Of Debt Collapses? : Wed Sep 25, 2013 3:07 pm  

El Barbudo wrote:

Oooh ... let me try this one ... is it that the former want to sack people without giving a reason and the latter say you should have a bloody good reason?

If it was that simple, surely he wouldn't have missed it though

[Durham Giant]

Re: What Will Happen When The Pyramid Of Debt Collapses? : Thu Sep 26, 2013 3:48 am  

LeighGionaire wrote: Remember when Lehman Brothers Bank collapsed? Gordon Brown bailed out the banks because this is what he was scared of - "If the banks are shutting their doors, and the cash points aren't working, and people go to Tesco and their cards aren't being accepted, the whole thing will just explode. "If you can't buy food or petrol or medicine for your kids, people will just start breaking the windows and helping themselves. "And as soon as people see that on TV, that's the end, because everyone will think that's OK now, that's just what we all have to do. It'll be anarchy. That's what could happen tomorrow." http://www.independent.co.uk/news/uk/po ... 31362.html However it was only a stop gap because now we are seeing a Sovereign Debt crisis. All these Austerity measures are hurting the average man financially but we aren't even halting the deficit, never mind actually paying off any Government debt! So if governments were the last resort to save the system what will happen when they eventually go bust and this whole global ponzi scheme collapses? Here is a good site if you are worried. http://www.ukpreppersguide.co.uk/catego ... nformation

LeighGionaire wrote: Remember when Lehman Brothers Bank collapsed? Gordon Brown bailed out the banks because this is what he was scared of - "If the banks are shutting their doors, and the cash points aren't working, and people go to Tesco and their cards aren't being accepted, the whole thing will just explode. "If you can't buy food or petrol or medicine for your kids, people will just start breaking the windows and helping themselves. "And as soon as people see that on TV, that's the end, because everyone will think that's OK now, that's just what we all have to do. It'll be anarchy. That's what could happen tomorrow." http://www.independent.co.uk/news/uk/po ... 31362.html However it was only a stop gap because now we are seeing a Sovereign Debt crisis. All these Austerity measures are hurting the average man financially but we aren't even halting the deficit, never mind actually paying off any Government debt! So if governments were the last resort to save the system what will happen when they eventually go bust and this whole global ponzi scheme collapses? Here is a good site if you are worried. http://www.ukpreppersguide.co.uk/catego ... nformation

[DaveO]

Re: What Will Happen When The Pyramid Of Debt Collapses? : Thu Sep 26, 2013 2:22 pm  

LeighGionaire wrote:

The links you provide kind of back up my claims that under the current debt based money system somebody somewhere always has to be going into further debt to keep the whole system functioning. If new money has to be continually spent into the economy why doesn't a government just create this new money themselves instead of borrowing debt based credit money from banks at interest when the same banks create this credit out if thin air?

It does. What do you think quantitative easing is all about? The new money created that is used in quantitative easing is used to buy government bonds off banks who currently hold them. The price of the bonds goes up because of the increased demand and so the profit made by the banks on the sale of the bonds is new money they can lend.

Normally printing money is inflationary but it rarely is in a recession as explained by the second of the two links I posted.

Re: What Will Happen When The Pyramid Of Debt Collapses? : Thu Sep 26, 2013 8:54 pm  

DaveO wrote: Normally printing money is inflationary but it rarely is in a recession as explained by the second of the two links I posted. But there is plenty of inflation at the moment, the prime example being house prices. Food also has gone up steadily in price over the last few years. Governments's routinely manipulate the data to exclude things like housing in their inflation figures. From January 2000 up until May 2010 the M4 money supply increased from 802 Billion to 2200 Billion, all that extra money created and I hardly saw a penny of it hit my wallet - so much for the 'trickle down' effect! http://www.bankofengland.co.uk/boeapps/ ... C&Filter=N

DaveO wrote: Normally printing money is inflationary but it rarely is in a recession as explained by the second of the two links I posted. But there is plenty of inflation at the moment, the prime example being house prices. Food also has gone up steadily in price over the last few years. Governments's routinely manipulate the data to exclude things like housing in their inflation figures. From January 2000 up until May 2010 the M4 money supply increased from 802 Billion to 2200 Billion, all that extra money created and I hardly saw a penny of it hit my wallet - so much for the 'trickle down' effect! http://www.bankofengland.co.uk/boeapps/ ... C&Filter=N