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Old 11th October 2008 | 13:47
  #93 (permalink)  
anotherbusdriver
 
Joined: May 2008
Posts: 103
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From: HK
My advice is to take what you can now. This is only the beginning, as much as I would love for it to be otherwise!
The world of finance has no real (physical) value to support the paper credits the banking system has been issuing to create credit to offer to the population in return for promises to repay them at credit rate + interest or in default 90% of the value of their home - a value only provided by them in colusion with other bankers based on their own paper valuation based on their own flawed credit system.
This whole system is corrupt and based on the banks only holding a maximum 10% of the assets that they promise to pay in lieu of the credit they promise you. IE. YOU PAY INTEREST ON ON MONEY THEY LEND YOU THAT IN FACT THEY DO NOT HOLD!!!!... You do the math. SERIOUSLY. THEY DO NOT HAVE TO HOLD ASSETS WORTH ANY MORE THAN 10% OF THE BOOK VALUE OF CREDIT THAT THET EXTEND!!!!!!!!!!!!!!!!!!!!!
The only winners are the bankers at the top of the legal pyramid scheme who have been skimming massive bonuses fron you and me Based on nothing but paper profits on only (if only!!) 10% of the assets that they actually hold.
Legal criminals, and backed by the government who are bailing out the calls on those funds that they do not hold. Why?? Because the governmnt are one and the same. Criminals who have way too much to lose!
GET OUT NOW!!!!
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