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 Post subject: Banks - broke or not?
PostPosted: Thu Mar 06, 2014 6:08 pm 
International Chairman
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Administrators of Lehman Brothers (Europe) to return 100% of amounts due to unsecured creditors plus interest. A first in company admin. history.

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 Post subject: Re: Banks - broke or not?
PostPosted: Fri Mar 07, 2014 5:48 pm 
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Money is concept not real.

You can have as much or little as the system wants.






regards
and ENJOY your sport

Leaguefan

"The Public wants what the Public gets" - Paul Weller

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 Post subject: Re: Banks - broke or not?
PostPosted: Fri Mar 07, 2014 5:49 pm 
All Time Great
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Yes. And money supply bears no relation to inflation.

Remind us again how that worked in pre-WWII Germany?






"You are working for Satan." Kirkstaller

"Dare to know!" Immanuel Kant

"Do not take life too seriously. You will never get out of it alive" Elbert Hubbard

"We are all in the gutter, but some of us are looking at the stars." Oscar Wilde

The Voluptuous Manifesto – thoughts on all sorts of stuff.

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 Post subject: Re: Banks - broke or not?
PostPosted: Fri Mar 07, 2014 6:06 pm 
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Leaguefan wrote:Money is concept not real.

You can have as much or little as the system wants.


Yes money is a concept. But it seems Lehman (Europe) actually had more of it than it and other assets than it owed.

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 Post subject: Re: Banks - broke or not?
PostPosted: Fri Mar 07, 2014 7:53 pm 
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Dally wrote:Yes money is a concept. But it seems Lehman (Europe) actually had more of it than it and other assets than it owed.

Agreed which is why the current system is such a ponzi scheme.
What the "solution" is is open to debate but the current set up is blatantly flawed at every level and that is down to politicians who"control" the banks.






regards
and ENJOY your sport

Leaguefan

"The Public wants what the Public gets" - Paul Weller

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