This Is Eye Opening

[honeydip]

But is it just rubbish like UFO sightings are?

http://www.youtube.com/watch?feature=player_embedded&v=7qIhDdST27g

[LazyGun]

Be handy if you posted a precis of what the video is about, why you think it is eye-opening, and for preference a link to source summarising the video.

I do not have the time to watch a 2 hour video without knowing what it is about
:)

[honeydip]

OH well I am half way through.

[MadMen]

1 hour and 50 minutes long!

Er... I think I'll give it a miss.

What's it about? I'm curious...

[honeydip]

not too interesting MM its about banking and the money based on debt system. I am more interested if you sorted out your other halfs suit trousers but I must continue watching...

[MadMen]

Is it conspiracy stuff?

No news on the trousers as yet HD. I've left them at the dry cleaners in the hope that they'll be able to sort them out.
Hows the gym/diet going?

[honeydip]

Not conspiricy no absolutely not. Just a long drawn out history of monetary systems and how we should be mindful about what ways the economy can turn.

Its not for the feint hearted though. Its hard work. I will tell you what I learned from it if you promise to tell me what the dry cleaners said?

[MadMen]

Lol. It's a deal!

I might actually watch it. I like stuff like that.
I reckon the old system of bartering will probably be forced to make a comeback, when the financial system collapses. You'll end up swapping me kebab meat for eggs! :P

[honeydip]

Well I have just finished and I think the outcome was something to do with government printed money or something instead of the government bank. Can I get the info on the suit situation based on what I just said or do I have to watch it again?

[joko]

whats it got to do with UFOs?

[Old_Geezer]

Aye a little long for a casual browse.

Reminds me of a site I stumbled across some while ago called themoneymasters (US oriented). Was there I first learnt of the bank's privilege to effectively just create money to loan out. (Called fractional reserve IIRC, but it's been a while since i read up on it.) I trusted financial institutions rather less after that. I'm unsure how necessary this practice is to the economy, but it leaves a 'nasty taste' letting an institution basically create money. If I did it, it'd be called counterfeiting.

[honeydip]

OG It really is strange. The fractional lending is now x10. I.e. if you pay £1 into the bank they can create £9 and lend it out. This actually means that if you put your money in the bank only 10% of it is actually safe. I dont know if there ever will be an economic collapse but all we earn, all we work for is not for money it is just based on someones opinion of how much they think people should have. What makes it EVEN WORSE is that it is not the government who controls it. It is a privatised bank called The Bank of England. Who actually runs this country then?

[factor-fiction]

Fractional lending has always been used in banking- I remember learning about it at school in the early 70s in Economics 'o' level
http://en.wikipedia.org/wiki/Fractional_reserve_banking
I think without it the system would grind to a halt

[MadMen]

Lol HD. Yeah, that'll do.

Suit situation is I haven't been to pick it up, but have called them and spoke to the lady I saw yesterday.
She said "most of it has come out, but it's still visible". Apparently, if I'd have taken them there straight away, they'd probably have been able to remove the whole stain.

That'll teach me for sitting on answerbank...

[honeydip]

If you get a loan for 100k and put it into another bank they can then lend 1000000. All is fictional money. Then if the 1000000 was paid into another account then thats 10000000 all fictional money. Seams unstable to me.

[honeydip]

OK well thanks for the info MM and I am sorry its not great news!

[MadMen]

It's not great news all round I'm afraid, HD.