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| Quote Andy Gilder="Andy Gilder"How do I get Nationwide to accept a goat and three chickens in lieu of my mortgage payment?'"
Have you tried the Mogadishu branch?
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| Quote Andy Gilder="Andy Gilder"How do I get Nationwide to accept a goat and three chickens in lieu of my mortgage payment?'"
Use an intermediary (which could even be a member of Nationwide staff) to exchange your goat and chickens to a medium of exchange they will accept.
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| Does LeighGionaire have a form of autism?
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| Quote Richie="Richie"Use an intermediary (which could even be a member of Nationwide staff) to exchange your goat and chickens to a medium of exchange they will accept.'"
There is at least one bank out there would be quite happy to launder a goat or two.
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| Quote Scooter Nik="Scooter Nik"Hasn't this topic (not the TV broadcast) been covered on here often enough?
I think we all know (bar one or two Conservative hard core) that it's all smoke and mirrors.
The usual question that pops up is "Show me what a pound looks like, not a coin but that which the bearer will be paid on request". It can't be done.'"
I'm still waiting for a mainstream UK news outlet or elected politician to discuss money creation and how it affects the economy. As I stated the current Coalition and Labour policies won't change anything, in fact they make things worse under a debt based economic system. There is NEVER enough money in circulation to pay off past debts, it has to increase continually or the system collapses as we are now finding out.
Politicians NEVER talk about decreasing government debt, only cutting the DEFICIT. Even doing this causes chaos to the system unless somebody else can be forced to take on more debt - Student Loans for example.
As for posting the same old stuff on here, if just one person who is oblivious to how money is created clicks on the thread, realises banks are screwing us over and thinks WTF! I have succeeded in my aim. 
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| Quote LeighGionaire="LeighGionaire"I'm still waiting for a mainstream UK news outlet or elected politician to discuss money creation and how it affects the economy.'"
You may have to wait until one comes along with a religiously-motivated reason for promoting an alternative system. Or did the main thrust of the piece escape you?
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| Quote LeighGionaire="LeighGionaire"...Politicians NEVER talk about decreasing government debt, only cutting the DEFICIT...'"
Before the election, it was commonplace for Tory MPs to use the two terms interchangeably.
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| Quote Scooter Nik="Scooter Nik"The usual question that pops up is "Show me what a pound looks like, not a coin but that which the bearer will be paid on request". It can't be done.'"
Yes it can. A pound coin is legal tender therefore falls under the definition of: 'Money that may be legally offered in payment of an obligation and that a creditor must accept'. A one pound coin is a pound, the two are completely equivalent, im not sure where the confusion lies.
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| Quote LeighGionaire="LeighGionaire"snip'"
If money is simply created by banks, as you seem to think, completely out of nothing, how is a run on a bank possible?
If tomorrow i go to any bank in the UK with a £1000 deposit, and i wish to buy a £100k house, and ask for a 200% mortgage (i want to buy a nice car and do up the house etc), they would say no. Why?
In your version of reality it costs them nothing to give me the mortgage, the money is created out of thin air. From their point of view absolute worst case scenario: the housing market crashes and the house becomes worthless, and i default on the very first repayment. They've still gained a free house and got paid £1000 for nothing. If in your world the worst case scenario for the bank is that they get £1000 for nothing, why in the real world wont they give me the mortgage?
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Club Owner | 4195 | No Team Selected |
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| Thought this was a thread about benefits in Hull 
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| Quote LeighGionaire="LeighGionaire"I'm still waiting for a mainstream UK news outlet or elected politician to discuss money creation and how it affects the economy.'"
[url=http://www.bbc.co.uk/news/business-15198789Here you go[/url. I think BBC News counts as a mainstream UK news outlet.
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| [url=http://www.ft.com/cms/s/2/93a47a62-daf0-11e1-8074-00144feab49a.html#axzz22d06itxz?src=longreadsThis guy had a plan[/url
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