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9 Jul 2015
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I've re-read, by skim reading in some cases, all of the earlier posts within this thread - so that goes back over the past 4 years or thereabouts.
Many, many contributors have pointed out the multitude of problems, issues etc but no one has managed to even start to produce any coherent solution(s).
Such is the way of mankind and his/her endeavours.
Meanwhile, here is another statement of the problem (it's not clear if it pre-dates or follows on from the great banking crash of the worldwide depression - most likely the former).
"Banking was conceived in iniquity and was born in sin. The 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 deposits to buy it back again. However, take away from them the power to create money, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.
~ Josiah Stamp – Bank of England Chairman, 1920s"
http://www.peakprosperity.com/blog/8...kers-own-world
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11 Jul 2015
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Time to place your bets?
A brief article that gives some more background such as who is pulling the strings, perhaps.
http://www.acting-man.com/?p=38459
There are some handy graphics in there that show how the Eurozone nations stack up around the negotiating table.
But, there is still plenty of play taking place tonight and things could go in any direction: to Grexit, or to not Grexit?
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25 Sep 2015
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Quote:
Originally Posted by Walkabout
I've re-read, by skim reading in some cases, all of the earlier posts within this thread - so that goes back over the past 4 years or thereabouts.
Many, many contributors have pointed out the multitude of problems, issues etc but no one has managed to even start to produce any coherent solution(s).
Such is the way of mankind and his/her endeavours.
Meanwhile, here is another statement of the problem (it's not clear if it pre-dates or follows on from the great banking crash of the worldwide depression - most likely the former).
"Banking was conceived in iniquity and was born in sin. The 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 deposits to buy it back again. However, take away from them the power to create money, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.
~ Josiah Stamp – Bank of England Chairman, 1920s"
The Top 50 Companies Own 40% of Eveything | Peak Prosperity
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A couple of more telling statements from those in the know:-
"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men." — President Woodrow Wilson
"Give me control of a nations money supply, and I care not who makes it’s laws". - Mayer Amschel Rothchild
Well, OK then, one more for luck:-
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." — Thomas Jefferson, U.S. President
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24 Nov 2015
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Greece, Muppets, Madoff, Pay day loans, Mortgages ...............
............................ all the issues of the title of this post get a mention in the linked academic research.
Does Finance Benefit Society? by Luigi Zingales :: SSRN
Yep, it is the longest link in the world!
Anyone who doesn't want to read some 40 pages of academic research could just go to the table 1 included at the end of the paper to see how things have been over the past few years.
We, joe-soap-general-public are the muppets of this post title, as labelled by bank employees not very long ago.
To paraphrase the thread title, "when, and how, will the financial crisis end?"
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Last edited by Walkabout; 8 Jan 2016 at 22:28.
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5 Jan 2016
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There is a solution
Quote:
Originally Posted by Walkabout
.
To paraphrase the thread title, "when, and how, will the financial crisis end?"
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Some countries are more aware than others of the topic of this thread.
One solution is up for consideration as per the link below.
Only the front, headline, page needs to be read for those who have even a slight understanding, although the devil will be in the detail and the banking fraternity will fight this to the death (because of the title I have given to this post).
VOLLGELDINITIATIVE SCHWEIZ: English -
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Last edited by Walkabout; 8 Jan 2016 at 22:31.
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