50 billion pound bailout for british banks.

[2infinityandbeyond]

Just on the news now.

Another blood sacrifice?

[undetected]

It's kinda weird watching the system trying to save itself by more loans, as if it wasn't the thing that got it into this mess in the first place.

What I saw on the news today was that the banks all had plenty of "money" but were not prepared to risk it by lending it to each other.

Apparently though it's OK for our government to give them £50bn of our taxes to let them risk that.

So what happens when they lose that 50bn? Do we give them 50bn more?

More smoke and mirrors....

[SeekingAlpha]

50 billion pounds. I'm joking when I say this but that's nothing. We here in the US have already spent $2 trillion in the last month and that doesn't include the $700b bailout.

I don't know how bad it's going to be there in the UK, but here in the US, we're probably going to see at least 50% inflation in the next 2-3 years. It sucks because that will mean I won't be able to visit London to watch Arsenal FC play live anymore =(.

[DoctorWho]

What's the phrase? A snake eating it's own tail?
Bill "the Doctor"

Originally Posted by SeekingAlpha;

I don't know how bad it's going to be there in the UK, but here in the US, we're probably going to see at least 50% inflation in the next 2-3 years. It sucks because that will mean I won't be able to visit London to watch Arsenal FC play live anymore =(.

There is a bright side then...

[jack5]

Originally Posted by Sunrunner

What I saw on the news today was that the banks all had plenty of "money" but were not prepared to risk it by lending it to each other.

Apparently though it's OK for our government to give them £50bn of our taxes to let them risk that.

So what happens when they lose that 50bn? Do we give them 50bn more?

More smoke and mirrors....

the money does not exist in the first place.It is all numbers on a computer screen.If all the people with accounts called to draw out their money banks would have to shut shop in no time.The reptilian hybrid banking system is a complete sham ,lending money that does not exist in the first place at interest.What a comlete scam!

Originally Posted by jack5

the money does not exist in the first place.It is all numbers on a computer screen.If all the people with accounts called to draw out their money banks would have to shut shop in no time.The reptilian hybrid banking system is a complete sham ,lending money that does not exist in the first place at interest.What a comlete scam!

I know, that's why the word money was in inverted commas.

Money exists because people believe it does. They system works on the fractional reserves system. But the UK govt doesn't have £50bn to lend or give to the commercial banks, so it's going to have to borrow it at interest from....

The Central Banks! (Dah daaaaaaah! )

This will have to be paid back with more fictional money, the only source of which (however unreal it actually is) is the taxpayers. So more and more money goes higher up the pyramid by sucking it out of the bottom. More scarcity, higher taxes.

Moving money around can't fix the problem because money IS the problem. But it's only a problem for us, not the central banks who create and use it as a system of control. So it's more smoke and mirrors.

You have to take your hat of to the reppies tho, it's pure genius. Sick, but genius.

[2infinityandbeyond]

When you take into consideration that the world deficit is over 500Trillion dollars , 800billion is like taking a chip off a pyramid.

This system was built to fall, and fall it will.

Just a matter of how much more their gonna rob us before they let it fall.

Literally, their bleeding us dry so we will be rightly fcuked when the fat lady sings.

Agreed. But they will prop it up for as long as they possibly can because it's so beneficial for them. It's just a shame that there isn't a single mainstream media outlet that would show Zeitgeist to a mass audience- the house of cards would collapse within hours.

[peacelovinman]

Originally Posted by Sunrunner

Agreed. But they will prop it up for as long as they possibly can because it's so beneficial for them. It's just a shame that there isn't a single mainstream media outlet that would show Zeitgeist to a mass audience- the house of cards would collapse within hours.

Precisely. The monetary system must go down and we must prepare ourselves for life afterwards, a better life.

[Son of Eire]

Originally Posted by peacelovinman

Precisely. The monetary system must go down and we must prepare ourselves for life afterwards, a better life.

Agreed it will be painfull,but when there is a poison thorn in your flesh pain or no pain ,it MUST be removed.

[Mike_Jetson]

This just help us in the UK with more time to get organised and create some real wealth for the big falls that will be postponed. More time to learn self sufficiency, alternative energy solutions, look for land maybe, etc