Bank of England's Quantitative Inflation Bankster's Paradise Inflationary Depression

smeagold

You think your living in a democracy? Think again, because your living in a bankster's paradise that controls your lives in totality, this is as a consequence of the fractional reserve banking system. The words fractional reserve banking may not sound very dangerous, but the fractional reserve banking system is designed to eventually turn everyone and everything (including governments) into DEBT SLAVES, as over time virtually ALL (99%) of the money in an economy turns into DEBT MONEY i.e. it is virtually all borrowed money created by the banks that constantly requires more money to be created / loaned out to service the interest charged on existing debt money and hence the natural outcome is to end up where either Greece is today or an hyperinflationary collapse.

All countries are heading towards bankruptcy as a consequence of the fractional reserve banking system which has bankrupted Greece and is going to Bankrupt Britain, it is not a question of IF but WHEN because the system of fractional reserve banking theoretically ensures that eventually ALL of the economic activity of a country would be utilised to service its DEBTs.

This is where Greece is now, its debt burden is exploding, it won't be long until theoretically ALL of the Greek governments revenues will be required to service its debt interest, an impossibility which means bailout debt is being piled onto existing debt all the way towards a certain default, therefore there is nothing that the German or French politicians can say or do to prevent this outcome, instead they should be worrying about where their respective countries trend on the path towards bankruptcy because they are all part of the same Euro-zone bankrupting club and it won't be long until the PIIGS have many new members such as Belgium and France as ratings agencies play catchup to downgrade bankrupt countries.

Similarly Britain is firmly trending towards bankruptcy

http://www.marketoracle.co.uk/Article30989.html

MacMickster

I am no fan of fractional reserve banking. It creates imaginary money which gave the appearance of an economic boom in the UK and inflated house prices to ridiculous levels.

That said, do I think that FRB is responsible for all of our economic woes? Certainly not. This is down to both individuals and governments failing to borrow sensibly, increasing their borrowing rather than ensure that their debts are paid off and reserves built up when times are good.

Britain going to go bankrupt? Very unlikely, but it is certainly going to be unpleasant whilst we learn to live within our means.

Linton

Thanks Smeagold - Your wise words and subtle arguments have convinced me.

Please could you suggest what I can do about it. I cant think of anything.

shortchanged_2

Are you saying that the current banking system is like one big pyramid scheme?

JonnyBravo

Linton wrote: »

Thanks Smeagold - Your wise words and subtle arguments have convinced me.

Please could you suggest what I can do about it. I cant think of anything.

:rotfl:

I know you know but this is dangerous ground, but a word of warning for the unaware.


Here is a small sketch which runs very much like smeagolds advice.

https://www.youtube.com/watch?v=q_a1wxqloEs

RenovationMan

JonnyBravo wrote: »

:rotfl:

I know you know but this is dangerous ground, but a word of warning for the unaware.


Here is a small sketch which runs very much like smeagolds advice.

https://www.youtube.com/watch?v=q_a1wxqloEs

LOL, brilliant!

It reminds me very much of a thread on here where a semi-regular was trying to pull apart my statement that my financial goals were going well. We didn't have fog, holes and owls but he did have a similar series of dubious event that would conspire against me. :rotfl:

Euphoria1z

Britain and certain western countries will not go bankrupt. They will simply replace current currency with another form of currency (or system), and as usual the poorer will get poorer and poorer, the middle classes will eventually become the lower classes etc. I hear rumours that eventually we will live in a paperless currency society.

TruckerT

Euphoria1z wrote: »

Britain and certain western countries will not go bankrupt. They will simply replace current currency with another form of currency (or system), and as usual the poorer will get poorer and poorer, the middle classes will eventually become the lower classes etc. I hear rumours that eventually we will live in a paperless currency society.

Doom and Gloom! - but well justified...

We all need to consider our alternatives - the status quo is under serious threat

An alternative 'system' would be, dare I say it, Communism

You can go onto the streets now, and be in the vanguard, or you can do nothing now, and be forced onto the streets at a later date

TruckerT

smeagold

Linton wrote: »

Thanks Smeagold - Your wise words and subtle arguments have convinced me.

Please could you suggest what I can do about it. I cant think of anything.

Depends on your situation. Get out of cash, buy things that will track inflation and can be resold later to preserve your capital ie real things that people need or the stock of energy, industrial and food producers. Download mr walayatts inflation mega trend book it offers many good suggestions of how to survive and prosper in the coming decade.

Flight2quality

smeagold wrote: »

Depends on your situation. Get out of cash, buy things that will track inflation and can be resold later to preserve your capital ie real things that people need or the stock of energy, industrial and food producers. Download mr walayatts inflation mega trend book it offers many good suggestions of how to survive and prosper in the coming decade.

Just downloaded it, going to read it soon as finished book reading now.

Do you still have a blog smeagold? Can you give the address again please?

smeagold

Flight2quality wrote: »

Just downloaded it, going to read it soon as finished book reading now.

Do you still have a blog smeagold? Can you give the address again please?

yep http://madgoldspreadtrader.blogspot.com/