On Mon, 12 May 2008 12:14:34 -0700 (PDT), Mel Rowing
<mel.rowing@[EMAIL PROTECTED]
> wrote:
>On May 12, 5:43 pm, abelard <abela...@[EMAIL PROTECTED]
> wrote:
>> On Mon, 12 May 2008 09:13:41 -0700 (PDT), Mel Rowing
>
>> you believe....
>> you don't understand sufficient of the government manipulation of
>> money to make that claim....
>
>Ah! a "put down"
no...you keep repeating statements that are at least unclear
and look decidedly as if you don't follow....
i do wish people would understand the difference between
'a put down' and being old they're talking pie.....
>Well all I can say, is that you cannot show me one single incidence
>of a single penny being gifted by the BoE to any individual bank or
>financial institution.
as said...you don't follow the trails....
the banks are 'given' money....often at 'interest' which is in the
real world, derisory.....
they then lend that money at a profit.....
>What you can show me is the £50bn. or £100bn. or whatever (lost count)
>has been made available for *loans* to the system. The difference
>between a loan and a gift, as of course you know, is that the latter
>is expected to be repaid.
but that is part of what you don't seem to follow...that calculation
is neither simple nor easy....
1)the government does everything possible to muddy the waters
2)the government runs up debt it has no real intention of repaying
3)if you borrow to buy a house....your house will (almost) invariably
rise in price with little of no effort of your own....
now, you can do 3) primarily because you are participating in the
government's con games in degrading money....
real value is ****fting to your pocket from those holding money....
it is considerably more complex than this because a great deal
of the government con game is highly political....
it isn't economics as you seem to perceive it....
>You will further be able to show me that the BoE has indicated a
>readiness to accept collateral with respect to these loans the
>standard of which falls below that being regarded as acceptable under
>current market conditions.
your next sentence accepts you know this is currently under way...
>Of course with respect to the latter, you will point out the
>consequent increased exposure to risk to which I would counter that
>this is adequately and probably more than adequately compensated by
>setting the interest rates these loans bear at a premium to LIBOR
the banks are lending money about ten times over...
this is fractional banking and has a long long history....
previous of your posts suggest you don't wish to accept
this real world fact....
>(thus making normal inter bank lending more attractive) an further by
>insisting that loans are over covered by collateral (e.g. £800 loan
>for every £1000 worth of collateral offered)
now you start to fish in still more clouded water.....
only by tracing the exact terms of these allegedly onerous loans
could i follow the trail forward....
in a government cartelised fiat system...money become a political
instrument....
this distorts markets in many directions...
the numbers can't be treated with gcse math....
dealing with the uk socialist games with money is like one inch being
reduced by government action (fiat/law) to .9 of an inch each
january....and compounding!
until i know where you false assumptions lie...and how attached to
those assumption you are...
i can't see where to probe or what data you 'need'.....
regards
--
web site at www.abelard.org - news comment service, logic, economics
energy, education, politics, etc 1,552,396 do***ent calls in year past
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all that is necessary for [] walk quietly and carry
the triumph of evil is that [] a big stick.
good people do nothing [] trust actions not words
only when it's funny -- roger rabbit
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