NI Presbyterian mutual society, Short of funds for withdrawal?

goodbyepci

http://www.staffordcarson.com/2010/02/the-treasury/

goodbyepci

http://www.newsletter.co.uk/news/DETI-has-no-lessons-to.6106915.jp

expat68

goodbyepci wrote: »

http://www.newsletter.co.uk/news/DETI-has-no-lessons-to.6106915.jp

Why does the DETI exist - an expensive department that ticks a box when accounts are received without any thought process or need for intervention? I was initially impressed by Ms Foster but she is now just protecting her back and future career - politicians only think about themselves. The buck passing so criticised by the TSC continues - no lessons have been learnt and no one cares. I am struggling to see any light at the end of the tunnel - once the big creditors get the vast majority of their money back no one will care about the small savers left behind.

Perhaps all DUP voters in Arlene's constituency should switch their vote to Sinn Fein - whats to lose?

PMSSaver

It is really wonderful to know that our MLA's are on the ball with the really difficult and critical task of dealing with Leylandii Hedges. I will rest in my bed tonight knowing that our Government is on the ball with the issues that really matter..........

PMSSaver

expat68 wrote: »

Why does the DETI exist - an expensive department that ticks a box when accounts are received without any thought process or need for intervention? I was initially impressed by Ms Foster but she is now just protecting her back and future career - politicians only think about themselves. The buck passing so criticised by the TSC continues - no lessons have been learnt and no one cares. I am struggling to see any light at the end of the tunnel - once the big creditors get the vast majority of their money back no one will care about the small savers left behind.

Perhaps all DUP voters in Arlene's constituency should switch their vote to Sinn Fein - whats to lose?

I agree completely. Surely it is time to express our dissatisfaction at our MLA's inaction and disregard for the plight of ordinary people. Is it not time for PCI to tell MLAs that they will not receive the votes of Presbyterians. If they continue to ignore us, we will reciprocate at the Ballot Box?

joylikes2shop

goodbyepci wrote: »

http://www.cobdencentre.org/2010/02/presbyterian-mutual-society-and-a-solution-to-pay-out-all-its-creditors-and-its-place-in-the-honest-money-movement/

QUOTE FROM THE ABOVE WEB PAGE...

''The Solution for Paying Out 100% of the PMS Depositors’ Lost Money- £310m – Now, Today
Following the work of 5 Nobel Prize winners and the founder of the American Chicago School, I would suggest the following written about in the Day of Reckoning article;
The Bank of England immediately issues notes to cover all the deposits i.e. redeem all the depositors for 100% cash notes and coins to be placed in their accounts. Please note, this costs the Bank of England the price of paper and the ink and nothing else and IS NOT INFLATIONARY and generates no liability to the UK taxpayer – see next point.
At the same time, get the administrator of the PMS to delete all current creditors (the depositors) as these have now been redeemed from the bank’s books by the Bank of England. The deleting of these bank obligations means that the money the depositors did lend on deposit to the PSM no longer exists, so for the sake of argument, if there was £310m of deposits, these have been redeemed in cash by the Bank of England and the equivalent amount of deposits have been removed from the money supply. Cost to the Bank of England = zero and cost to the UK tax payer = zero. Money supply stays the same.
The PMS in administration now has only assets i.e. loans from entrepreneurs /people who are repaying the loans or mortgages. These can now continue to get repaid, but instead of paying the creditors of the PMS, there are now none, so these loans can go into paying off the National Debt.
This way all parties win.
A courageous politician in Northern Ireland or in mainland GB could well put forward a Private Members’ bill which could be the first legislative move to establishing Honest Money.
The Day of Reckoning article linked to above provides the start of the legislative solution to the whole UK wide banking system whose model is sadly no different to that of the little PMS''

DO ANY OF THE LEGAL EAGLE/KNOWLEDGABLE PEOPLE READING THIS KNOW IF THIS INFORMATION IS LIKELY TO BE OF ANY USE TO US ???

BETRAYED

The above article by Toby Baxendale is interesting.
With Quantative Easing the Bank of England literally printed money for circulation in UK.
They claimed this was one method of getting the economy moving again.
(A rescue of PMS could have meant that shareholders and creditors could have started spending again and builders could have had enough funds to complete their building work.)
Hitler tried in WW2 to sink Britain by printing money. Some people must have heard of the counterfeit £5 notes that started to circulate in war time.

Stafford Carson maybe should have visited the Bank of England instead of the Treasury this week.

I have heard that Branson is ready to start a Virgin Bank in UK.
If as FSA, Arlene Foster and the Treasury allege our directors were running an illegal bank then the administrator should offer PMS to him lock stock and barrel and the first Virgin bank in N Ireland could be in Glengall Street.
Branson did at one time buy the people of Rathlin Island a life-boat.

BETRAYED

To Whom it may concern.


Thought Boyd's letter would have been out today.

My thoughts..............................should we give a file to the Spotlight researchers.? They did the Robinson affair well.?
Should we contact Conservative Central Office re Brown's pledge that no UK citizen has lost their savings

Betrayed

Lester_F

Are you getting my drift? Every single one of us feels the need to vent our anger but Lester F, if you are so intent in getting to the bottom of the mystery of Silent Witness or Setanexample or whoever you have been addressing, go ahead and PM those people..they may take the time to respond. At the end of the day, that's their choice.


There is no mystery. I am addressing everyone who contributes to this forum and all those who view it. I will not private message those to whom I refer in my posts.

Silent Witness is not prepared to justify the legal action that he took as a trustee of the HCCT in anything other than legal terms. This legal action resulted in PMS shareholders losing their right to share in £20 million generated by the PMS since Administration.

Silent Witness chooses to quote a ruling from the House of Lords in a pompous recent post. If what he says can be believed, the man is a Presbyterian Elder and Trustee of the General Assembly of PCI. As such he may be aware of a higher authority than the upper house of the British Parliament.

goodbyepci

http://www.irishtimes.com/newspaper/finance/2010/0302/1224265432080.html