How? With what?

“We guarantee your savings”

That is the claim by the Irish government, now the German govt and the British govt before when it propped up Northern Crock.

But how can it guarantee it? The Irish government is now in recession. Its treasury is leaking money. It cannot guarantee it. The Irish government is lying. The German government is lying so is the British government (no surprise there!)

There cannot be any guarntee. It’s a psychological scam!

You might argue the respective governments/ treasuries could print what it needs to cover the guarantee. If it prints more money to give you it will depreciate the value of the currency. So your might get your €40,000 in notes, but in real terms it ain’t worth no €40,000. Not only that, everything else you own will be worth less. You will in effect be funding your own guarantee!

Am I wrong?

Let’s call their bluff.

Pull ALL your hard earned money out of these fraudulent institutions, institutions that have helped kill millions upon millions of people across the world. Institutions that if bailed out, will have gotten away with gambling other people money with impunity, only to be able to draw upon YOUR money if their gambling fails.

Take out your money. If they aren’t lying, there’s no problem – yes?.

If they are lying then you’re money is in serious jeopardy anyway so act to protect it!

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7 Responses to “How? With what?”


  1. 1 Edo October 5, 2008 at 5:55 pm

    That’s exactly what I was thinking!! How the f**k can anyone make these kind of guarantees? Like you said, only by coining more money. It’s a joke!
    It’s times like these when I’m glad I’ve got no money!

  2. 2 lwtc247 October 6, 2008 at 8:00 am

    LOL.

    I may be wrong but I don’t think so. This fradulent economic system relies on scam and trust (bait and switch?) to function. I’ve never heard an explanation as to why it is in our interests to keep the life support machine running.’

    Has anyone?

    Please let me know.

  3. 3 Ahmad Mokhzani October 6, 2008 at 9:57 am

    The best way to increase the value of your money is to educate your mind to invest your mind in financial education, and use the education to practically invest in real estate and stock market primarily, as well as other financial tools like forex and options trading.

    ‘Saving’ or placing your money in banks will only depreciate the value because of inflation.

  4. 4 antireptilian October 6, 2008 at 10:33 am

    LW

    Bang on, but, paper money will continue to devalue as the bankers print more notes. Hyperinflation will decimate savings and pensions (taking into account that any pensions still exist after the looting is done) and the fiat currency will be worth nothing.

    The UK cannot possibly cover savings unless it prints more paper as the GDP is smaller than the holdings of any one of the top banks in the country.

    Invest in solid stuff like minerals and houses. This will retain certain value, unless these thisngs are nationalised at a later date to “save the country” as happened with US citizens private gold in the first great depression.

    I would also consider investing in a few pairs of new underpants as we are going to need them in the coming months.

  5. 5 lwtc247 October 7, 2008 at 5:20 am

    Ahmad.

    I consider myself financially wise, but I’ve not profited from it :( – at least not yet, and I’m not sure if I will in the future, but that I’m not wealthy, doesn’t really bother me too much. (and I apologise to the 3 billion people that only live on $2 a day or less for saying that, given I don’t have to worry where my next meal is coming from, have virtually uncontested shelter, sufficient clothing and health care access – What I mean is I am in debt too, but I’m not stresses about it because my situation doesn’t look likely to change right now)

    At best I can use my knowledge to stop me losing too heavily in the event of a financial meltdown and inshahallah help build a more just economic system in the future.

  6. 6 lwtc247 October 7, 2008 at 5:35 am

    What the UK Germany, Ireland and all the rest are doing is applying the fraudulent model of.. FRACTIONAL RESERVE BANKING (FRB).

    They are relying on people NOT pulling their money out. If everyone was to do so the governments system and the gamblers they insist on protecting would collapse.

    Say 18% withdrawals occurred, they can handle that, and make it look as if they are guaranteeing savings, but we know FRB is a scam and will exhaust itself should investors withdraw their money. That’s why the GOVT privatized Northern Rock. To make it look as if savers had nothing to worry about. SO INVESTORS WOULDN:T PULL OUT WHOLESALE, OF ALL (or certainly the majority) BANKS.

    The recently reported “high profits” in the nationalized Northern Rock are just another garnish scam trying to desperately to cover up the abyss, and such peoples money back into the system so that need to print money is minimised. It is an outrageous con. These “bailouts” are another way of sucking in peoples money to try and make these institutions seem liquid to. But they are not.

    A significant potion of the liquidity has gone to the crooks gamblers (and politicians who are often mixed up in financial frauds).

    It turns out it cost the Govt approx $100 billion, to use the Northern Rock as a sacrifice for the whole system, which in my opinion has crashed because of the number of huge gambling scams that are inherent in a faux-free, faux-market.

    The sub-prime market could EASILY have been stopped. Those conned people allowed to repay less over longer periods, keep their homes but have to pay what was affordable or in unemployed be given work to do under the umbrella of the state or even a quango/NGO in return.

    That’s how I see it anyway.

  7. 7 lwtc247 October 7, 2008 at 5:43 am

    People must simply REFUSE to hand over gold if their government tries it.

    PLEASE…. REFUSE!!!

    It is vital that you do not allow yourself to be impoverished even further than you already are by these power holding scum. The majority of them DON’T give a Newts retina about you. They have proved this over and over and over again in their politicking and the widening gap between rich and poor along with the education, health and pension aspects of that. People are inherently good, but not those that have bitten from the bitter apple of financial self-reward via business or politics. They are corrupted. And in times of crisis, people panic and altruism often takes a back seat to selfishness.

    If they try and steal your last remaining wealth, we must rebel and overthrow them. If we don’t they will impoverish us (and those abroad more) and try to re-created the sickening economic system that’s currently in the process of collapsing.


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