If we can shut down the fucking world for a tiny population of vulnerable people can we just give up war for the rest of us?

true this

When banks create a new loan they must also create an equal and opposite liability, in the form of a new demand deposit. Meaning when banks loan they create money out of thin air. They simply make it exist.

There is a really good series on YouTube that goes in to great depth about how it all works.

https://www.youtube.com/user/whygoldandsilver

nice man, thanks for sharing will 100% be putting this on later

I binged watched the series in one night. No regrets haha. Really gets the brain matter flowing. That link is to his main channel, it seems he has a lot of new content. Even some videos on crypto.

This is the link to his main series I was talking about, that goes in to great depth on banking, the federal reserve, fiat currency and economics as a whole. Enjoy!

https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ

thanks muchly, think you might like richard werner

I do indeed. Interesting solutions. Mike's series (if I remember correctly, it's been a few years) doesn't really go in to any solutions to the many economical issues we have, if at all. So this was a nice listen. Ty!

Quantitative Easing.

The ECB have been doing it for years, with no federal reserve at all.

All countries do it to a greater or lesser extent.

The reason the (US) dollar is so popular is they have a federal reserve (gold).

The reason the Euro is failing is it's based upon the German banks and their megalomaniacal desire to control Europe.

There is no EU federal reserve. Only German banks.

When the EU (and Euro) collapses, Germany will be fine, the other 26 member states will fail.

Invest as you will.

Cheers. BB

Petrodollar is interesting on another topic. What do you think ? It’s funny what is out there that the vast majority of people do not know about in the financial and political landscape. The petrodollar is perplexing to me

Money is just an I Owe U ... it says so on your GBP £ notes ! something like ... ''I promise to pay the bearer the sum of twenty pounds'' .... hmmm? but you are handing over a physical £20 note made out of paper or plastic. BUT it still is an I OWE YOU, because the actual note is a ''promise TO pay'' .. the note is not backed up by gold anymore...back in the day... money was real... now it is just digital numbers on screens, according to my limited knowledge about it. I will keep up with this thread tho, as I would like to hear what others on LB think :)

Banks also "Trade Client" funds in a range of assets from , bonds, to stocks hence why you will receive interest each month or annually on your account; that is miniscule compared to what they generate from trading your funds (which is also why your funds are insured). but there are many aspects to this and variables as i've read below each of which is pretty much true.

Spot on smokey!

"since banks work as the accountants of record – while the rest of the economy assumes they are honest accountants – it is possible for the banks to increase the money in the accounts of some of us (those who receive a loan), by simply altering the figures. Nobody else will notice, because agents cannot distinguish between money that had actually been saved and deposited and money that has been created ‘out of nothing’ by the bank” - Richard Werner

Yes if they say its "in the bank" that's all it takes to do what they want with it - regardless of whether it exists.

Banks literally print money and we are expected to accept it has value when in actual fact there is nothing backing fiat currencies anymore. Used to be that dollar was backed by gold reserves then oil but now its backed by the promise... Basically the whole world is in a debt/credit spiral that will unravial at some point...

The dollar will collapse, thank me later

CBDC coming soon.. to a place near you!

(Not Financial Advice) 🥸

One word. Credit.

They don't create money, they create an illusion. Pepe is the only money worth anything

Money printer go brrr

All began with financial deregulation in the 1970’s . The banks just click some buttons and magic. Then you pay them back, what a business!!!

This is a major cause of inflation. They are putting money that hasn’t been earned yet from the future in todays circulation . That’s why our money 💰 s worth fuck all now. Well one of the many reasons;)

I thought we just discovered all money, is in fact, cake.

not individual banks! but they do make money lol dont make much sense does it

little ben

yes, individual banks, check out the werner stuff in this thread. basically it's just accounting that makes them book things twice. if it's on a bank's books it is money.

When a bank makes a loan it is creating fiat currency

It's depending on the existing customers within the bank actually , so you deposit money into the so called bank but in fact the bank lends it to other people within the banking system and charges interest on that.
Banks are the only ones legally able to create wealth out of thin air , digits on the computer.
For example when you get a loan - digits , but you have return back with interest to the bank Real money from your job , revenue streams.
Circular Banking.

It's all about complex energy numbers.

They don't, they make up fiat currency (£, $, € ect ect) just a bar code number to give it a vaule. Money is only something that can be equally treaded fairly ie gold.

good thread :)

Yes Werner's study explains the double ledger. The implications being that when you deposit your own fiat, what is really happening is that the banks are purchasing security futures from you with promises to pay. The b of e charter actually explains that they cannot and do not lend money or take deposits.
White rabbit trust on YouTube and youandyourcash.com seek and example plenty of successful remedy.

A nice sativa wake and bake with a coffee gets me set for another weeks grind mate 😂

I love weed hangovers man, don’t really get them anymore unless I tank edibles. I love just floating around all morning, so never tried to get rid of it really. Although I recently tried these nootropic mushroom coffees and despite my skepticism they seem to be pretty effective, might help?

Cold shower and a lot of McDonalds Coke dont aske me why its just McDonalds coke always does the trick lol

McD's coke is thought to be the best tasting you can get, they get it in syrup form in big wheeled barrels, all the other drinks come in containers, in syrup form too.
The McD's syrup coca cola doesn't have any of the preservatives or any other nasties found in fizzy drinks these days. just the cola flavouring.(unlike that bought in shops)
Sry, bit of an expert on things McDonalds.😁❤️

The more you know 😂

Cold shower and a pint of water, maybe a coffee. After an hour or two of activity I normally feel back to normal anyways.

CBD in any form it's cheaper to source distllate and make your own oil

i get square sausage from co-op lurpak and white roll, and i drown them bitches in melted butter. it always works for me.

I always wake up with a stoneover🥱 even more so after discovering static sift from THC23😮‍💨
A cup of tea & multiple cigs speeds up my recovery☕️🚬Good luck❤️

Phase 1: exert a burst of energy quick, small exercise even if its 5 minutes.
Phase 2: Have a cold shower to make my self feel alive.
Phase 3: drink super juices like ginger shots that will shock the body and make your mind go else where.

strong coffee and a shower usually sorts me out

What the hell. I quit drinking because of hangover, if I vape more are you telling me weed will also make me feel like shit now?

I just feel a bit knackered the next day, if anything it’s quite relaxing

A heavy indica /indica hybrid will give you lethargy the day after for a while.

Lions mane mushroom capsules are a game changer. Clears your head and makes you feel focussed again after 30-60mins after taking.

Pint of water > short run > cold shower always sorts me out!

Have a fag in the morning or a few, if you don't like fags, neither do I , but 100% they work before work, drink loads of water and drink a good 1or 2 coffees, then prepare to need a shit lol, Lucozade orange also is winner, but having a fag in the morning will really straightens your consciousness up!

I only smoke weed in js but always got a wee packet of rolling backy. Me personally can experience some mad head rushes in the morning when having my morning roll up. 🤣👍🏻

Red Lebanese from hashishin does the trick for me , gives me a clear head in the morning & it’s high in cbd
Wipes the slate clean brother

I never really experience any hangover when I smoke. But concentrates make me groggy the next day and I don’t really care for it. So edibles and such are what give me those hangovers. I can smoke a big fatty before bed and wake up in 7 hours like nothing had ever happened lol

Yes this is an important thing to understand. People are interested in their own lives and a crazy ruler is just a form of entertainment in most people's lives. If they are effective with delivering quick economic results then they are good entertainers and are delivering some positives then fine - so why think more about this? It's demeaning to even take a fascist seriously so why bother doing so? In Germany we know why.

It is worrying that the far right parties are gaining to much support in Europe, and we should never take our eye off the ball and learn from history what can happen when you do...

You speak like leftism is the only legitimate political ideology.

The 1st thing Goebels did was put a device in everyone's home.

why do they keep designing things to look like hal? doesnt anyone remember how the movie ends?

I usually pass out way before the end

not to worry its the worst part

where there are informants there is vendetta, blackmail and corruption

Any smart device

Germany became increasingly polarized with people espousing Marxism on one side and Law and Order on the other. This is exactly how it feels in America now.

LOL very interesting take on history there

? pretty much the mainstream view on this for germany as well as austria and italy

Why the dystopian views are always referred to Nazism and not to Communism? They are basically the same shit, and Communism looks much more dangerous to me, because it "succeeded" for many more years, in many more countries, and for some reason has that glamorous look to so many idiots...

AND JUST LIKE IN NAZI GERMANY YOU HAVE PEOPLE BEING APOLOGISTS BECAUSE OF "COMMUNISM". AT LEAST IT WAS ACTUALLY FUCKING COMMUNISM BACK THEN AND NOT JUST WHATEVER IS NOT ON THE RIGHT

and fucking communism works wonders for the ugly

from each according to his sperm

Watching the Plot Against America on Sky and it’s easy to see how Facism takes hold. Not dissimilar to Trump’s America.

In times of economic and political strife extremists always rise, whether left or right wing...it doesn't matter, they are reactionary's. For example the liberal left intend destruction of things about history that upset them much in the same way Nazi's in Germany burned books. People need to learn from History and rarely do, the same mistakes are repeated and things somehow trundle on. 'Good times bring weak people', 'Weak people bring bad times', 'Bad times bring strong people' & 'Strong people bring good times'. The great circle of human history.

I thought it was the republicans (ie the right) in America banning certain aspects of history they don’t like.

Who are the liberal left?

Edit
I’m not trying to start an argument I’m trying to understand

lol it's different in different countries. A conservative in the US is different from a conservative in the UK.

As an example the BLM movement (btw I support equal rights for all races, genders etc.) have tried to expunge slavery and that part of history. Taking down statues of former slaveholders and so on won't change anything, we must remember these things happened so that they don't happen again.

Because of slow or no change for certain groups there is an attempt to accelerate that change from an evolution to a revolution. People will only be backed into a corner for so long whatever their political inclinations. Some people think they're pushing for positive change but real change is when we've learned the lesson.

Thanks for the response mate.

I still don’t get the tearing down statues of slave owners equates to trying to erase the history. Statues aren’t history they glorify the subjects for posterity.

Is it still a massive issue over there around the teaching of CRT?

Well the statues are an example. They are subjects for posterity but they also memorialise history and certain points in history. As such they connect themselves to that history.

I basically agree with you though, they aren't the history themselves and so it shouldn't matter. It's what they represent that makes the difference.

I feel that whether right or left wing, people have an agenda and push that. Both different sides of the same coin I'd say.

Also CRT?

Thanks for the response mate.

I see statues as a way to venerate the individual and what they stand for. Cultures generally don’t put up statues of twats. So the slavers statues should all come down imo.

CRT
Critical Race Theory

Yeah np, I don't mind a bit of debate.

Again I do agree with the first part of what you said. Statues certainly venerate people, but also events. However cultures not putting up statues of 'twats'...well...that's a matter of perspective.

There are many examples of people that put up statues of people who are considered great or influential in their time and place. Those same people and statues are considered later, or by another group to be somehow offensive or detestable.

I'm not gona say that something like slavery in the U.S. wasn't a terrible thing, it defo was. I do think that removing something that is generally offensive to the majority should be considered. It's just that we also need to learn from these things and replace them with something that educates people about the history surrounding them so as to understand the bigger picture.

But yeah CRT, I am familiar with it...bit of a deep and complicated topic. But to answer your original question about that, yes I believe it is still something of a hot topic within education in the UK. I believe the Tories here (conservatives) said they felt CRT was biased, in other words trying to ram anti-racism down kids throats without opposing viewpoints.

This is a quote from the Equalities Minister, "Any school which teaches these elements of critical race theory, or which promotes partisan political views such as defunding the police without offering a balanced treatment of opposing views, is breaking the law".

So yeah interesting, jeez this turned into an essay XD

Thanks man I do appreciate your time and input.

It’s good to hear it from someone on the ground so to speak we just get fed what the media want us to hear

I do find CRT and the defund the police movements different. One is a collection of scholars etc critically evaluating how society has impacted people of all races and the defund the police is a social movement in response to innocent black people getting killed by police

Have I got that right?

This happened to me today. Fourtunately i verified it was me, after some doing though i must say, and it was stressful. Did you manage to sort this out?

Nope not managed to sort it out. So... Withdrew my money back into my bank (at a huge loss) then tracked down my nearest bitcoin atm and bought bitcoin for cash, at a truly horrible rate (I fed in £250 and the amount of btc I got was worth £218, according to google) but hey it was instant, plus nobody needed my biometric data or drivers license so

Nope. Really really pissed. Not the first time they've messed me around. So I tried to withdraw all my money back into my bank account and now have to wait 5 days for that (assuming they don't block that too) and meanwhile I have to find a new way to buy & send bitcoin fml

Damn, have you sent an email to customer support? Ive seen a lot of people here on biggy say they have had nothing but problems with Coinbase. This is the first time ive ever had an issue with them myself, but starting to wonder if i should also find somewhere else. Hopefully you have an emergency supply of smoke to get you through untill they refund you, providing that they do, i mean it would be illegal for them not to i would assume?

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I used your code buddy :) thanks

I use coinbase and never had any issues. Maybe if you have a new account this is just added security for you but hopefully you wont have issues after this.

I used bitcoin about a week ago and didn't have a problem but this has got me a bit concerned. If I have any issues next time I'm going to try paxful.

Iv gone over to the blockchain, bit fiddly but good rates.

Ugh even after the 72-hour delay the payment was still "pending" so I canceled it, made a new order, tried to pay for it, got the same 72-hour "pending" delay. So I want to close my coinbase account but I can't because in order to close it, I have to.... have a balance of zero, which means I need to send all my money to somebody. Only it's not letting me send money to anybody. And their help desk is unavailable. Aaaaarrrghhhh

Also: what are the best Coinbase alternatives?

Check it out and share the link we both get 5 dollars no fees for bitcoin transactions and no delays money available instantly and you can add it to apple wallet
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Can you stop spamming this crap?

I’m not spamming look at my order history. I’m just trying to help people save money so I see your a low level customer so I really shouldn’t care I guess but I’m not a spammer or a scammer I’m just straight up 70 deuce you know what I say

You are though. You're spamming the same link 6 times in one thread. Go earn your cash bro we ain't clicking it. I get a feeling you used to work for a multi level marketing company the way your going.. we've seen your link plenty if we want to click it we will so stop positing it everywhere.

Ok homes like I said you just joined lb and I guess you really are sidetracked why don’t you place some orders if you’re gonna post comments we you just joined who’s we you and your little brother and mommy.
Don’t get mad at me because you’re washed up!!

"13 buys @$75 92% rated 0% disputed" - Uh huh.

You clearly have issues as WE can see from your comments. You struggle to make any sense. It was hard to get any meaning from what you wrote but I think I got it. "We" would refer to the other people that have to read your shit. I'm sorry you can't understand basic sentence structure. I'm sorry you need to spam links to try generate cash for weed.

I'm not mad because I'm "washed up" - whatever that means. I'm pissed because you're on here begging for referral clicks to try feed your habit. No one else does it so why do you think you can? Because you're broke? We all struggle. None of us spam shit links. Not that you care to understand why I have a problem with what you're doing. I highly doubt you'll learn anything from this. I won't respond to you anymore I can tell I've already wasted enough of my time giving you attention. Happy spamming!

You only get 5 pound on his code if you spend 50 quid

MOOCH don’t sell to this guy he will bash you and try to swindle you for free products before he changes his ratings on your sales.
Oh ya one more thing this guy is a MOOCH watch out.

Ya you will you bash every one with your 13 buys. I’m trying to help people save cash on bitcoin purchases and getting instant pay outs when selling.
I don’t care if anyone uses my link you clearly are a beginner in the weed game and must be rich and poorly educated I’m not waiting my time on you either. I guess we can talk at a later date once your balls drop and you have enough buys to be able to purchase from every vendor and people would actually value your opinion. When you bash vendors on here about their products to try and mooch some freebies making vendors look bad and then saying I was wrong after you scam them out of their products. Like I said you’re a beginner and when you’re cherry pops and you know what the hell your talking about then make comments. Mooch

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Awesome post, I think this is a good title for what's happening now around the world.

The whole thing seems so dystopian like when they show the news in a sci fi movie and the world is falling apart.

The minute they start calling it a world riot everybody else will join in

It doesn't seem like any of the protests are peaceful but are they all riots?

What about a decentralized riot
cause I want a Riot of My Own

Revolutions do come in waves

I read a column once about Russell Brand, the one quote i can recall from it was;

"just make sure you don't start your revolution when X-Factor is on the telly Russell, or nobody will turn up"

Says it all, in my humble opinion.

Just my 2p

Cheers. BB

that's way better than he can recall :)

Prophetic bigga, do you think this latest one is any different?

How can we further cripple the lower class

This virus is one big excuse to make us go cashless.

I was in pound land yesterday, Got 9 Quid worth of stuff, gave the till lady a tenner...

She asked me If i have change instead... I said no... she pulled out a pound coin from the endless amounts in her till... got me wondering about this theory.

They used to create wars to cull and control us, now we are in the information age people aren't stupid enough to kill each other because propaganda tells them to so they have resorted to bio-warfare.

The war is next...just you wait

Hopefully it will be a war of words and bitch fighting for attention- like social media for countries. Actually its already started.

Never before have an entire global population been so scared and obedient. The ruling Elite really have outdone themselves this time.