art0hur0moh wrote:Cannydc wrote:Fletch wrote:Cannydc wrote:Fletch wrote:
You'd have to ask him, and a number of other sites that document gold exchange's movements.
Not sure whattrollingavenue you are going down with this but hey, up to you.
Hey, come on - you're the one posting this stuff, not me.
If you don't know what the point of it all is, how can we ? And why put it on here ? Is it relevant to a no-deal Brexit ?
I trawled my way through it the first time, it looked like a list of monthly trades. And not much else, tbh. So I asked.
Accusing me of trolling when I ask for the deeper, hidden (to me, at least) meaning is paranoid nonsense.
It was to Jack primarily about the paper gold market con that will collapse due to, as he says, the same ounce of gold being sold multiple times. When/if people stand for delivery (physical gold) then the whole lot will collapse due to not having enough physical to cover the paper sales. Demanding delivery is usually indicative of coming turmoil being that gold is a store of wealth,
If you followed the discussion, that would have been obvious.
OK, thanks. No, I didn't follow the conversation.
And as an additional question, don't traders normally balance their 'sell' and 'buy' books, give or take ? No-one wants to be left with unsellable futures. The dealers simply take cuts from both the buyer and the seller.
That being the case, there aren't really anywhere near as many 'paper ounces of gold' as may seem, because a sold ounce simply moves to a new owner and is relinquished by the previous owner. It remains as one ounce of potential gold. There may be a lot more sales, but that's the same (electronic/paper gold moving around. Not a huge amount more is being created on paper only.
Perhaps you can enlighten me.
couldn't pay its debts they got rid of glass steagall
it became illegal for anyone in the early seventies to own gold.
art0hur0moh wrote: unless it is they who demand payment in full from places like iran
art0hur0moh wrote:loans using the creditors funds and is hopefully paid before the client demand their money be returned.
what causes that is multiple loans on the customers savings are executed. and that is how We get interest in our savings. banks make money issuing up to 100,000 times (hypothecation and rehypothecation is one term I have heard, there is another term?) creditors deposits and all You would get bake on a £1,000 deposit is ten percent if there was a run on the banks.
Rolluplostinspace wrote:art0hur0moh wrote:loans using the creditors funds and is hopefully paid before the client demand their money be returned.
what causes that is multiple loans on the customers savings are executed. and that is how We get interest in our savings. banks make money issuing up to 100,000 times (hypothecation and rehypothecation is one term I have heard, there is another term?) creditors deposits and all You would get bake on a £1,000 deposit is ten percent if there was a run on the banks.
Banks do not lend out my money to you.
Banks create the money out of thin air as soon as you sign on the dotted line.
Our monetary system is debt based.
The money is loaned into existence but never the interest.
The banks do not lend out other people's money.
They create money.
Rolluplostinspace wrote:art0hur0moh wrote:Cannydc wrote:Fletch wrote:Cannydc wrote:
Hey, come on - you're the one posting this stuff, not me.
If you don't know what the point of it all is, how can we ? And why put it on here ? Is it relevant to a no-deal Brexit ?
I trawled my way through it the first time, it looked like a list of monthly trades. And not much else, tbh. So I asked.
Accusing me of trolling when I ask for the deeper, hidden (to me, at least) meaning is paranoid nonsense.
It was to Jack primarily about the paper gold market con that will collapse due to, as he says, the same ounce of gold being sold multiple times. When/if people stand for delivery (physical gold) then the whole lot will collapse due to not having enough physical to cover the paper sales. Demanding delivery is usually indicative of coming turmoil being that gold is a store of wealth,
If you followed the discussion, that would have been obvious.
OK, thanks. No, I didn't follow the conversation.
And as an additional question, don't traders normally balance their 'sell' and 'buy' books, give or take ? No-one wants to be left with unsellable futures. The dealers simply take cuts from both the buyer and the seller.
That being the case, there aren't really anywhere near as many 'paper ounces of gold' as may seem, because a sold ounce simply moves to a new owner and is relinquished by the previous owner. It remains as one ounce of potential gold. There may be a lot more sales, but that's the same (electronic/paper gold moving around. Not a huge amount more is being created on paper only.
Perhaps you can enlighten me.
couldn't pay its debts they got rid of glass steagall
it became illegal for anyone in the early seventies to own gold.
Glass and Steagall are the names of two senators who put the act together to prevent the banks ever crashing the economy on purpose ever again that was in the 1930's.
It was illegal to own gold in the great depression not the 1970's.
Clinton got rid of the Glass Steagall act to make way for the manufactured crash of 2008.
Rolluplostinspace wrote:art0hur0moh wrote:loans using the creditors funds and is hopefully paid before the client demand their money be returned.
what causes that is multiple loans on the customers savings are executed. and that is how We get interest in our savings. banks make money issuing up to 100,000 times (hypothecation and rehypothecation is one term I have heard, there is another term?) creditors deposits and all You would get bake on a £1,000 deposit is ten percent if there was a run on the banks.
Banks do not lend out my money to you.
Banks create the money out of thin air as soon as you sign on the dotted line.
Our monetary system is debt based.
The money is loaned into existence but never the interest.
The banks do not lend out other people's money.
They create money.
Rolluplostinspace wrote:art0hur0moh wrote: unless it is they who demand payment in full from places like iran
Places like Iran create their own money interest free as units of value as opposed to we who create our money as units of debt so places like Iran don't owe the international banking system any interest.
It's why they are the permanent enemy of the west.
art0hur0moh wrote:Rolluplostinspace wrote:art0hur0moh wrote:loans using the creditors funds and is hopefully paid before the client demand their money be returned.
what causes that is multiple loans on the customers savings are executed. and that is how We get interest in our savings. banks make money issuing up to 100,000 times (hypothecation and rehypothecation is one term I have heard, there is another term?) creditors deposits and all You would get bake on a £1,000 deposit is ten percent if there was a run on the banks.
Banks do not lend out my money to you.
Banks create the money out of thin air as soon as you sign on the dotted line.
Our monetary system is debt based.
The money is loaned into existence but never the interest.
The banks do not lend out other people's money.
They create money.
You are over charged in tax, later getting a refund when the banks have made a thousand times the return on what was stolen! if I go to a bank, take all the money to use in overnight shares. with a high enough contract the price movement will generate a clear profit.
banks are designed for international commerce exchanging currencies for goods! that is their only purpose and governments forcing them to Buy negative yield bonds and any debt is forcing them to raid pensions and every other asset class including savings. they do that with quantitative easing destroying Your savings purchasing power.
calitom wrote:art0hur0moh wrote:Rolluplostinspace wrote:art0hur0moh wrote:loans using the creditors funds and is hopefully paid before the client demand their money be returned.
what causes that is multiple loans on the customers savings are executed. and that is how We get interest in our savings. banks make money issuing up to 100,000 times (hypothecation and rehypothecation is one term I have heard, there is another term?) creditors deposits and all You would get bake on a £1,000 deposit is ten percent if there was a run on the banks.
Banks do not lend out my money to you.
Banks create the money out of thin air as soon as you sign on the dotted line.
Our monetary system is debt based.
The money is loaned into existence but never the interest.
The banks do not lend out other people's money.
They create money.
You are over charged in tax, later getting a refund when the banks have made a thousand times the return on what was stolen! if I go to a bank, take all the money to use in overnight shares. with a high enough contract the price movement will generate a clear profit.
banks are designed for international commerce exchanging currencies for goods! that is their only purpose and governments forcing them to Buy negative yield bonds and any debt is forcing them to raid pensions and every other asset class including savings. they do that with quantitative easing destroying Your savings purchasing power.
govt pensions are largely underfunded from the start and arent based on economic reality.they are the result of govt unions buying off the politicians.YES u r correct pension funds that are paid for--like usa social security gets raided so that other liberal social programs can continue.Socialism is a disaster if it controls the whole economy. Some socialism is needed-----but it usually gets out of hand and the taxpayers get screwed by the greedy incompetent bureaucracy
art0hur0moh wrote:calitom wrote:art0hur0moh wrote:Rolluplostinspace wrote:art0hur0moh wrote:loans using the creditors funds and is hopefully paid before the client demand their money be returned.
what causes that is multiple loans on the customers savings are executed. and that is how We get interest in our savings. banks make money issuing up to 100,000 times (hypothecation and rehypothecation is one term I have heard, there is another term?) creditors deposits and all You would get bake on a £1,000 deposit is ten percent if there was a run on the banks.
Banks do not lend out my money to you.
Banks create the money out of thin air as soon as you sign on the dotted line.
Our monetary system is debt based.
The money is loaned into existence but never the interest.
The banks do not lend out other people's money.
They create money.
You are over charged in tax, later getting a refund when the banks have made a thousand times the return on what was stolen! if I go to a bank, take all the money to use in overnight shares. with a high enough contract the price movement will generate a clear profit.
banks are designed for international commerce exchanging currencies for goods! that is their only purpose and governments forcing them to Buy negative yield bonds and any debt is forcing them to raid pensions and every other asset class including savings. they do that with quantitative easing destroying Your savings purchasing power.
govt pensions are largely underfunded from the start and arent based on economic reality.they are the result of govt unions buying off the politicians.YES u r correct pension funds that are paid for--like usa social security gets raided so that other liberal social programs can continue.Socialism is a disaster if it controls the whole economy. Some socialism is needed-----but it usually gets out of hand and the taxpayers get screwed by the greedy incompetent bureaucracy
then the People demand justice. a commision is then erected with a bunch of lawyers and contractors to further deplete what little is left in everyone's pockets.
calitom wrote:art0hur0moh wrote:Rolluplostinspace wrote:art0hur0moh wrote:loans using the creditors funds and is hopefully paid before the client demand their money be returned.
what causes that is multiple loans on the customers savings are executed. and that is how We get interest in our savings. banks make money issuing up to 100,000 times (hypothecation and rehypothecation is one term I have heard, there is another term?) creditors deposits and all You would get bake on a £1,000 deposit is ten percent if there was a run on the banks.
Banks do not lend out my money to you.
Banks create the money out of thin air as soon as you sign on the dotted line.
Our monetary system is debt based.
The money is loaned into existence but never the interest.
The banks do not lend out other people's money.
They create money.
You are over charged in tax, later getting a refund when the banks have made a thousand times the return on what was stolen! if I go to a bank, take all the money to use in overnight shares. with a high enough contract the price movement will generate a clear profit.
banks are designed for international commerce exchanging currencies for goods! that is their only purpose and governments forcing them to Buy negative yield bonds and any debt is forcing them to raid pensions and every other asset class including savings. they do that with quantitative easing destroying Your savings purchasing power.
govt pensions are largely underfunded from the start and arent based on economic reality.they are the result of govt unions buying off the politicians.YES u r correct pension funds that are paid for--like usa social security gets raided so that other liberal social programs can continue.Socialism is a disaster if it controls the whole economy. Some socialism is needed-----but it usually gets out of hand and the taxpayers get screwed by the greedy incompetent bureaucracy
calitom wrote:true about clinton/glass stiegel...
not sure how 'manufactured' the crash was-it was more of clinton cow towing to his big donors at goldman sachs etc..it was the result of glass stiegel PLUS lending money to people who couldnt afford to pay the mortgage PLUS the tulipmanialike tech startup bubble.
The bankers took the money and ran and left others in economic hell.
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