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Who 'makes' money?


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Showing 76-100 of 133 posts in this discussion
In reply to an earlier post on 30 Mar 2013 10:41:22 GMT
It is, with money you can buy anything your heart desires.

In reply to an earlier post on 30 Mar 2013 10:42:08 GMT
People make hundreds of millions, billions even, buying and selling the stuff.

In reply to an earlier post on 30 Mar 2013 10:44:13 GMT
Last edited by the author on 30 Mar 2013 10:44:37 GMT
The Spin says:

<<So, today with no employment opportunities>> 'NO'????? None at all?????????

In reply to an earlier post on 30 Mar 2013 10:49:14 GMT
The Spin says:
<<After all, the "loans" a bank provides are not taken from its own profit but from savings of its customers>>

Banks make loans by crediting their borrowers' accounts at the bank, they don't seem to have much to do with 'customers savings'

In reply to an earlier post on 30 Mar 2013 10:54:01 GMT
Spin, Was it the speculative, trading bits that caused some UKey banks to go bust? Northern Rock - lent to Mr & Mrs Bloggs.

In reply to an earlier post on 30 Mar 2013 10:55:54 GMT
Spin,

Ref your posts, as the great philosopher, The Funty says: <<it's all rubbish>>

In reply to an earlier post on 30 Mar 2013 11:15:31 GMT
TomC says:
They have about 3% to do with them, in fact.

In reply to an earlier post on 30 Mar 2013 11:28:15 GMT
Spin says:
Gordon: I do not know the exact process that caused the Wests collapse in financial security. As far as I know, its source was in the US banks giving out loans and investing in bad deals. Such is the complex nature of financial investment by the worlds private financial institutions. Much like all gambling, the "boom" created speculative investment" which ignored the wider issues of economic security. But you will have to ask an economist as to the precise details of how the US financial collapse resulted in our collapse.

In reply to an earlier post on 30 Mar 2013 12:34:21 GMT
Spin,

OK you know nothing. Why then, do you keep writing about the financial system?

In reply to an earlier post on 30 Mar 2013 12:35:51 GMT
The Spin,

How does what you claim US banks did or didn't do, cause Northern Rock to go bust?

In reply to an earlier post on 30 Mar 2013 13:40:35 GMT
Spin says:
Gordon: I know more than you about economics. Once again, you cannot reply to my statement so you resort to insult. God help you in the real world.

In reply to an earlier post on 30 Mar 2013 13:43:39 GMT
Spin,
You are wonderful.

In reply to an earlier post on 30 Mar 2013 13:45:07 GMT
Spin says:
Gordon: ask an economist; I presume our UK banks had investments in US banks. Indeed, most banks are owned by the same company, but each institution has a different name, giving it a certain independence from legal reliability. Very few companies in the UK, commercial or financial, are "British owned".

In reply to an earlier post on 30 Mar 2013 13:51:37 GMT
Spin,

Why do you keep on digging?

<<I presume >>. Lol

In reply to an earlier post on 30 Mar 2013 13:52:54 GMT
Jibber jabber Spinnaker.

In reply to an earlier post on 30 Mar 2013 13:56:29 GMT
Spin says:
Gordon: I dig because. like a treasure hunter, maybe one day I will strike the gold of the knowledge you are reluctant to express to all us plebs..

In reply to an earlier post on 30 Mar 2013 14:04:16 GMT
Last edited by the author on 30 Mar 2013 14:05:28 GMT
OK Spin dig on this:
Northern Rock went booming lending crazy, making loans to its customers on an unprecedented scale for such a small under capitalised bank. Customers used the 'money' it credited to their accounts to make payments through the banking system (debit cards and similar), so at the end of each day NR owed other banks far more than they owed it. Day after day it didn't have enough cash in its account at the BoE to clear its debts, so it borrowed on the Interbank market...one fine day other banks told it to go forth and multiply...bust

In reply to an earlier post on 30 Mar 2013 14:08:59 GMT
Ah...yes....ooppsies doodies........................

In reply to an earlier post on 30 Mar 2013 14:28:33 GMT
Did you get that large box of Tena pads?

In reply to an earlier post on 30 Mar 2013 14:29:18 GMT
Another profound post from The Funnytoy.

In reply to an earlier post on 30 Mar 2013 14:30:40 GMT
Spin says:
Gordon: Why did Northern go on a gambling spree? Because it "felt" like it?

In reply to an earlier post on 30 Mar 2013 14:40:06 GMT
Is that a question or an answer?

Posted on 30 Mar 2013 23:11:45 GMT
Pipkin says:
Simon,
I think you will enjoy this guy..

http://maxkeiser.com/
>We discuss the previously successful UK economy which has become addicted to gambling and spending fortunes on spread betting and so has turned to operating ponzi schemes in order to keep the appearance of economic activity. In the second half of the show, Max Keiser talks to former Scotland Yard fraud squad detective, Rowan Bosworth-Davies of Rowans-Blog.blogspot.co.uk about the evidence he gave to the Parliamentary Committee on Banking Standards that went missing, and how it is that the British banking system is remarkably similar to an organized crime racket.<

In reply to an earlier post on 31 Mar 2013 05:46:25 BDT
Margaret, thanks. I will explore.

In reply to an earlier post on 31 Mar 2013 08:44:37 BDT
Pipkin says:
Can't you sleep either? The Pheasants woke me, and I couldn't get back off.
Mx
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This discussion

Discussion in:  politics discussion forum
Participants:  14
Total posts:  133
Initial post:  24 Mar 2013
Latest post:  31 Mar 2013

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