South Africans suffer credit crunch - 18 Sep 07

[macctosh]

greed greed greed greed greed greed greed greed greed greed !!!!!!!!!!!! welcome to capitalism!!! long live capitalism!!!!!!!!!!!

[k4flopy]

YE MAN 2009 ZUMAbabwe lots of credit till the country is on its knees..

[infokemp2]

The fractional reserve banking system means that Central Banks can inflate the amount loans available to high street banks and then cause a credit crunch allowing the owners of the Central Banks and those in the know to buy up shares with pennies on the £. This is considered inside trading when its by people outside of the central banking system.

[bananaboattt]

info Yes that's very possible but do you have hard evidence on that? Do you have enough to SUE these people in Court or you would go on to say that also the Courts are part of this "grand scheme?" Not unless you can give concrete and doable solutions, we are just THEORIZING here, nothing more, nothing less.

[IheartLatinoMen]

they should be saving instead of buying unnecessary things but it will change the face of africa

[infokemp3]

Everyone check out the google film

money masters dot com

Reserve fractional banking on youtube

The Central Banks have been increasing the money supply, everytime they create £ they send this on to high street banks who can lend out 100 £ with interest, they are creating money out of thin air, no they have fatten up the hog they are about to eat by crashing the amount of credit they get all the endebted firms and houses. They are after peoples hard assets their land.

[kwijibo950]

i have no debt and a 96 chevy. Most people who are in major debt are just stupid. They make half what I make and "own" twice what I do.

[infokemp3]

Check out google films freedom to fascism &  The Money Masters

It details in laymens term economics and how the Central banks like the fed are private organisation that manipulate the buying power of your money and the stockmarket.

[MustafaPresents]

I have no consumer debt! Of course, I drive a '93 Ford Escort. :(

[bananaboattt]

I think that the Monetary Regulators should all be fired. I don't know if the problem lies in the IMPLEMENTATION of POLICY or LACK of POLICY when it comes to CREDIT Regulation.

[infokemp3]

Get informed. Everyone should try to understand at least a little bit of economics just like if you want to stop someone being able to attack you you could learn boxing/jujitsu or if in US marksmanship for your own protection. The Central banks are after everything you own and your freedoms to, economic knowledge is civil defence!

[bananaboattt]

info I sense strong traces of Anti-Establishment in you. Before you say "the central banks are after what you own", you should say first: THE BANKS ARE AFTER WHAT YOU OWN. Central Banks are merely regulatory in nature, they don't even have direct link to the Consumers (the people by and large).

If there's someone who should get informed, I think it's you. Hehehehe

[infokemp2]

Bananaboatt - I am studying macro-economics at university, I am also studying economic history. For the layman a good film to see is Freedom to Fascism on google video.

Inflation in prices from the money supply increasing is the direct transfer of wealth and buying power from the middle-working class to those who own hard assests.

Authority is not truth, truth is authority.

[bananaboattt]

info The basic idea is to SPEND WHAT YOU NEED and not SPEND MORE THAN YOU NEED. What drives a lot of Economic woes in a Family or for an Individual is "spending more than one can afford." You go to Bank for Credit with interest rates. They entice you with a lot of things. In the end, you're not only ZERO BALANCE but NEGATIVE.

[bananaboattt]

info Let's do away with all these CONSPIRACY THEORIES since these things are very simple yet people go out of their way to complicate things. Bottomline, to earn some bucks. A Man's/Woman's LOST is another Man's/Woman's GAIN. Hehehehe.

[msgg81]

there should be some lockdown or crackdown on the banks that do this to the people .. central bank ???