The people at Positive Money are putting the cart before the horse, the banks don't deliberately inflate property bubbles they lend against ventures that have the greatest chance of success. As the government penalise production with heavy taxation and subsidise homeownership money begins flowing into the housing market and banks being banks react accordingly. To prevent this in future we need to stop using our houses as ATMs, but the British public are addicted house prices so it's tricky.
The reason banks lend to property more than wealth generation is that an owners property price rises as others take on the pain of creating economic growth (wealth creation) Real estate property acts as a parasitic agent, collecting wealth at the expense of thos who create wealth The banks see this parisitism as merely a good return and so back it. The problem doesn't start with the banks, it starts a tenure and tax system designed to deliver passive profits to the owners of real estate.
@magrathean0 excellent post: I've thought about this problem every day for about the past 4 years but this is a new angle. Banks won't lend for me to set up a new restaurant or factory but will happily lend for me buy an overpriced hovel near such amenities.
The banking system gives NO lawful consideration of commensurable value to the debts it otherwise falsifies we owe it, payments of principal should be retired from circulation; and thus too, there is NO property at all of the bank, ever at stake, which could possibly justify its unwarranted imposition of interest%%%%%%%%
By this presentations own reckoning, those that own Banks inflated the money supply so much - that money is now worth a fraction of what it was in 1952. That is inflation. They don't explain, 'inflation' on main-stream-media like that, because the entire system is a fraud that steals money (Life-energy) by reduction of the value of the monitary unit by over-supply of currency, out-stripping 'affordable' demand. Interest obviously is the Temple-Cult's war on humanity.
Lord Denham said a Promissory Note is as good as cash because a Bank of England Note is a Promise to pay only due to Britain being in Chapter 11 Bankruptcy. The banksters should be monetizing promissory notes for a small few NOT crediting them to special accounts and lend us our own promises to pay at extortionate interest rates.
The people at Positive Money are putting the cart before the horse, the banks don't deliberately inflate property bubbles they lend against ventures that have the greatest chance of success. As the government penalise production with heavy taxation and subsidise homeownership money begins flowing into the housing market and banks being banks react accordingly. To prevent this in future we need to stop using our houses as ATMs, but the British public are addicted house prices so it's tricky.
cookdave 2 months ago
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Obama vs Ron Paul. A MUST SEE video for EVERYBODY on Gold for Money and your vote:
youtube.com/watch?v=ZBd2F_c2fOk
Adriaan1950 4 months ago
The reason banks lend to property more than wealth generation is that an owners property price rises as others take on the pain of creating economic growth (wealth creation) Real estate property acts as a parasitic agent, collecting wealth at the expense of thos who create wealth The banks see this parisitism as merely a good return and so back it. The problem doesn't start with the banks, it starts a tenure and tax system designed to deliver passive profits to the owners of real estate.
magrathean0 5 months ago
@magrathean0 excellent post: I've thought about this problem every day for about the past 4 years but this is a new angle. Banks won't lend for me to set up a new restaurant or factory but will happily lend for me buy an overpriced hovel near such amenities.
evolectronica 5 months ago
The banking system gives NO lawful consideration of commensurable value to the debts it otherwise falsifies we owe it, payments of principal should be retired from circulation; and thus too, there is NO property at all of the bank, ever at stake, which could possibly justify its unwarranted imposition of interest%%%%%%%%
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WezKitikonti 6 months ago 2
@WezKitikonti well said.
By this presentations own reckoning, those that own Banks inflated the money supply so much - that money is now worth a fraction of what it was in 1952. That is inflation. They don't explain, 'inflation' on main-stream-media like that, because the entire system is a fraud that steals money (Life-energy) by reduction of the value of the monitary unit by over-supply of currency, out-stripping 'affordable' demand. Interest obviously is the Temple-Cult's war on humanity.
jamerfunk 6 months ago
Really great illustration.
e33State 7 months ago
Debt slavery for a decade to the banks....if only that was shown on the estate agents window!
GreatGungHolio 7 months ago
Lord Denham said a Promissory Note is as good as cash because a Bank of England Note is a Promise to pay only due to Britain being in Chapter 11 Bankruptcy. The banksters should be monetizing promissory notes for a small few NOT crediting them to special accounts and lend us our own promises to pay at extortionate interest rates.
daviddalbylive 7 months ago
Keep up the good work
WillEyedOney 7 months ago
great stuff
ajhumour 7 months ago