Claire wrote:Lady Murasaki wrote::off head:
No trolling in the news section please...
Claire wrote:Lady Murasaki wrote::off head:
Fletch wrote:Fletch wrote:The referendum was not along party lines and nor was the campaigning.
Mungo seems to know as much about that as he does the system of money and fractional reserve banking.
Now the response is about regulation rather than the system of money and fractional reserve banking but I asked mungo to:Tell me all about the part you played in setting or implementing capital reserves regulation for Basel 2 please.
To which he has refused so far so here I am asking again.
As I said, I was talking about the actual system not the regulation of it however hearing his experience may be interesting.
Note: Not gone quiet, my posting is around real life not for your convenience.
Fletch wrote:Guest wrote:Can you tell us Fletch, if you're such a financial genius. How well is your portfolio doing?
I seem to remember you posting before that you weren't exactly minted. Yet here you are along with other losers claiming to know how the world of finance works lol
Why not give the forum the name of some stocks to watch, That we can follow and see how well they do?
Obviously not FB or Amazon stocks. Some low priced stock that you expect to rise.
I've never divulged anything about my financial standing. Nice try though.
You have also made the mistake of thinking that understanding the system of money is the same as some sort of financial advisor. It's not the case at all. Playing financial markets has nothing to do with the system of money or banking. That is how money comes in to being and where from, and how banking actually works as opposed to the myths that were perpetuated for decades.
Once that is understood, you can see how the world has been enslaved by the debt based usurious money supply from private banks and how it is impossible to run a country without debt. Talk of household budgets and 'living within your means' are meaningless when debt IS the money supply.
Of course, if you have some financial advice for the forum, please share it. I'm sure mungo will chip in with his experience and we can all learn from you.
MungoBrush wrote:I'm happy to take time to help people who don't understand how it all works and would like to learn
After all, I did used to lecture 1st year undergrads on the subject.
Guest wrote:Fletch wrote:Guest wrote:Can you tell us Fletch, if you're such a financial genius. How well is your portfolio doing?
I seem to remember you posting before that you weren't exactly minted. Yet here you are along with other losers claiming to know how the world of finance works lol
Why not give the forum the name of some stocks to watch, That we can follow and see how well they do?
Obviously not FB or Amazon stocks. Some low priced stock that you expect to rise.
I've never divulged anything about my financial standing. Nice try though.
You have also made the mistake of thinking that understanding the system of money is the same as some sort of financial advisor. It's not the case at all. Playing financial markets has nothing to do with the system of money or banking. That is how money comes in to being and where from, and how banking actually works as opposed to the myths that were perpetuated for decades.
Once that is understood, you can see how the world has been enslaved by the debt based usurious money supply from private banks and how it is impossible to run a country without debt. Talk of household budgets and 'living within your means' are meaningless when debt IS the money supply.
Of course, if you have some financial advice for the forum, please share it. I'm sure mungo will chip in with his experience and we can all learn from you.
Fletch, you have said before that money was tight for you. But by the by, anyone who knows how money banking works generally have an interest in using that knowledge to their advantage.
However dumb cunts like you and a couple of others on here like to copy and paste about shit you haven't got a clue about.
I do trade in the market, and I make a nice sideline profit from it. I don't come on here and feel the need to try and make others think I'm something I'm not unlike you do.
If you knew anything about the financial market Fletch. You'd know to keep your mouth shut and not make a fool of yourself.
I'm not trolling just stating fact.
MungoBrush wrote:I'm happy to debate financial economic issues with anyone competent to give an intelligent response
And I'm happy to take time to help people who don't understand how it all works and would like to learn
After all, I did used to lecture 1st year undergrads on the subject
But when I see posts that contain crap like this:
"Banks create money out of thin air"
I know that the poster knows nothing.
So I've asked a simple question as a test to see if Fletch has the faintest idea about anything economic-wise.
To which he has failed to respond
I therefore conclude that he knows nothing
But just post garbage from some ratbag website he likes to visit.
Guest wrote:They create money out of thin air when loans are made. The extinguish the money when it's repaid. Nobodies money was lent out, no extra money remained in the system at the end. In fact, money was removed from the economy in the form of interest. The interest is not created so more loans are required to pay the extra (interest) or exports, which just means another countries/persons debt Hence a world full of debt and the 99% being nothing but debt slaves.
You don't seem to understand that all money is issued as debt. That means it all has to be paid back plus the extra which they didn't create. Mathematical impossibility.
Guest wrote:So do you but you don't seem able to use it mads.
Don't take my word for it, try the BoE:
Money creation in the modern economy
By Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate.
This article explains how the majority of money in the modern economy is created by commercial banks making loans. Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits. The amount of money created in the economy ultimately depends on the monetary policy of the central bank. In normal times, this is carried out by setting interest rates. The central bank can also affect the amount of money directly through purchasing assets or ‘quantitative easing’.
http://www.bankofengland.co.uk/publicat ... b14q1.aspx
Fletch wrote:MungoBrush wrote:I'm happy to debate financial economic issues with anyone competent to give an intelligent response
And I'm happy to take time to help people who don't understand how it all works and would like to learn
After all, I did used to lecture 1st year undergrads on the subject
But when I see posts that contain crap like this:
"Banks create money out of thin air"
I know that the poster knows nothing.
So I've asked a simple question as a test to see if Fletch has the faintest idea about anything economic-wise.
To which he has failed to respond
I therefore conclude that he knows nothing
But just post garbage from some ratbag website he likes to visit.
Here's some quotes and a link from previous threads on here. (Guest is me during one of my bans )Guest wrote:They create money out of thin air when loans are made. The extinguish the money when it's repaid. Nobodies money was lent out, no extra money remained in the system at the end. In fact, money was removed from the economy in the form of interest. The interest is not created so more loans are required to pay the extra (interest) or exports, which just means another countries/persons debt Hence a world full of debt and the 99% being nothing but debt slaves.
You don't seem to understand that all money is issued as debt. That means it all has to be paid back plus the extra which they didn't create. Mathematical impossibility.
and then:Guest wrote:So do you but you don't seem able to use it mads.
Don't take my word for it, try the BoE:
Money creation in the modern economy
By Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate.
This article explains how the majority of money in the modern economy is created by commercial banks making loans. Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits. The amount of money created in the economy ultimately depends on the monetary policy of the central bank. In normal times, this is carried out by setting interest rates. The central bank can also affect the amount of money directly through purchasing assets or ‘quantitative easing’.
http://www.bankofengland.co.uk/publicat ... b14q1.aspx
From here: http://thesleepingdogs.net/viewtopic.ph ... 7#p1033160
Now the link no longer goes to the article because the BoE had a change around and it disappeared but it was widely quoted by many publications at the time and if you google the direct title as above, you will find more information about this Bank of England publication.
Some other links using BoE search:
http://thesleepingdogs.net/viewtopic.ph ... 7#p1152492
http://thesleepingdogs.net/viewtopic.ph ... 7#p1099937
(relevant pages not start of thread)
McAz wrote:MungoBrush wrote:I'm happy to take time to help people who don't understand how it all works and would like to learn
After all, I did used to lecture 1st year undergrads on the subject.
MungoBrush wrote:Fletch wrote:MungoBrush wrote:I'm happy to debate financial economic issues with anyone competent to give an intelligent response
And I'm happy to take time to help people who don't understand how it all works and would like to learn
After all, I did used to lecture 1st year undergrads on the subject
But when I see posts that contain crap like this:
"Banks create money out of thin air"
I know that the poster knows nothing.
So I've asked a simple question as a test to see if Fletch has the faintest idea about anything economic-wise.
To which he has failed to respond
I therefore conclude that he knows nothing
But just post garbage from some ratbag website he likes to visit.
Here's some quotes and a link from previous threads on here. (Guest is me during one of my bans )Guest wrote:They create money out of thin air when loans are made. The extinguish the money when it's repaid. Nobodies money was lent out, no extra money remained in the system at the end. In fact, money was removed from the economy in the form of interest. The interest is not created so more loans are required to pay the extra (interest) or exports, which just means another countries/persons debt Hence a world full of debt and the 99% being nothing but debt slaves.
You don't seem to understand that all money is issued as debt. That means it all has to be paid back plus the extra which they didn't create. Mathematical impossibility.
and then:Guest wrote:So do you but you don't seem able to use it mads.
Don't take my word for it, try the BoE:
Money creation in the modern economy
By Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate.
This article explains how the majority of money in the modern economy is created by commercial banks making loans. Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits. The amount of money created in the economy ultimately depends on the monetary policy of the central bank. In normal times, this is carried out by setting interest rates. The central bank can also affect the amount of money directly through purchasing assets or ‘quantitative easing’.
http://www.bankofengland.co.uk/publicat ... b14q1.aspx
From here: viewtopic.php?f=20&t=39115&p=1033260&hilit=BoE&sid=f0c644f162bc11c9decd9d31f7878c77#p1033160
Now the link no longer goes to the article because the BoE had a change around and it disappeared but it was widely quoted by many publications at the time and if you google the direct title as above, you will find more information about this Bank of England publication.
Some other links using BoE search:
viewtopic.php?f=20&t=41172&p=1152492&hilit=BoE&sid=f0c644f162bc11c9decd9d31f7878c77#p1152492
viewtopic.php?f=20&t=40454&p=1099937&hilit=BoE&sid=f0c644f162bc11c9decd9d31f7878c77#p1099937
(relevant pages not start of thread)
So what are your views on the alternative ways in which Banks can manage the various risk levels of their portfolios?
Fletch wrote:Bankers have done a good job of creating money (2014)
Radical proposals to give sole responsibility to governments for credit and money creation - “100 per cent reserve banking” - are very dangerous
https://www.telegraph.co.uk/finance/new ... money.html
Very dangerous for bankers. For the rest it is beneficial as the following demonstrates.
IMF's epic plan to conjure away debt and dethrone bankers (2012)
So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.
One could slash private debt by 100pc of GDP, boost growth, stabilize prices, and dethrone bankers all at the same time. It could be done cleanly and painlessly, by legislative command, far more quickly than anybody imagined.
The conjuring trick is to replace our system of private bank-created money -- roughly 97pc of the money supply -- with state-created money. We return to the historical norm, before Charles II placed control of the money supply in private hands with the English Free Coinage Act of 1666.
Specifically, it means an assault on "fractional reserve banking". If lenders are forced to put up 100pc reserve backing for deposits, they lose the exorbitant privilege of creating money out of thin air.
The nation regains sovereign control over the money supply. There are no more banks runs, and fewer boom-bust credit cycles. Accounting legerdemain will do the rest. That at least is the argument.
Some readers may already have seen the IMF study, by Jaromir Benes and Michael Kumhof, which came out in August and has begun to acquire a cult following around the world.
https://www.telegraph.co.uk/finance/com ... nkers.html
IMF Working Paper
The Chicago Plan Revisited
Jaromir Benes and Michael Kumhof
http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf
Conclusion starts on page 55. It turned out more favourable than expected.
Fletch wrote:That's got nothing to do with the system of money. You keep on about this as if it's what I am talking about, it's not. The very first time I detailed what I was talking about I said I'm talking about the system not the economics used within the system forced upon us. Why do you think what you're asking is reverent to how and where money comes from and the enslavement that system causes?
MungoBrush wrote:McAz wrote:MungoBrush wrote:I'm happy to take time to help people who don't understand how it all works and would like to learn
After all, I did used to lecture 1st year undergrads on the subject.
So, tell us McAz, what are your views on the revolution that occured in portfolio management resulting from the formulation of the CAPM?
Are beta coefficients still important in the management of balanced portfolios?
McAz wrote:MungoBrush wrote:McAz wrote:MungoBrush wrote:I'm happy to take time to help people who don't understand how it all works and would like to learn
After all, I did used to lecture 1st year undergrads on the subject.
So, tell us McAz, what are your views on the revolution that occured in portfolio management resulting from the formulation of the CAPM?
Are beta coefficients still important in the management of balanced portfolios?
"Us" - how many of you are there?
Great trolling, Mungo - best I've seen in a while.
MungoBrush wrote:That's it?
Well I guess you are another one who knows nothing
Just shooting your mouth off
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