FBI Uncovers Al-Qaeda Plot

[quote author=ketchim link=topic=89006.msg559472#msg559472 date=1397598684]
It is the banking system that have them there ... ::LOL::

and those bogus derivatives and gold purchases fraud !

ably assisted by sub prime mortgages ..
[/quote]
Where is Mapoui ??

Investment Banks vs. Commercial Banks vs. Central Banks

Lets hear why the 1st 2 ....should be separated.....Hint from kwami :

[quote author=Kwami link=topic=89006.msg559470#msg559470 date=1397598549]
Bring back the Glass  Steagall , although I don't know what the f*** it is
[/quote]

Goldman Sachs' net earnings FALL :

Goldman Sachs makes most of its money from trading and investing in capital markets.

Investment banking and investment management "generated solid results" 

Goldman's results follow a big drop in profits in the fourth quarter last year...

Morgan Stanley is still paying out for mistakes made in the sub-prime mortgage crisis

US banking giant Morgan Stanley sees net income more than halved by heavy legal fees

relating to mortgage-backed securities.

                   

Quote:Where is Mapoui ??

Investment Banks vs. Commercial Banks vs. Central Banks

Lets hear why the 1st 2 ....should be separated.....Hint from kwami :

Quote:Bring back the Glass  Steagall , although I don't know what the f*** it is

when allyuh ask for these things..answers and legislation of the sort it means allyuh dont know the stage we arrive at and what is required from here on in

commercial and investment banks are with the central bank the basis of a system of exploitation that ruins every country where they are embedded and function.  they all monopolise and exploit mercilessly 3 aspects of an economy that contains all local economic activity.

it is not to seperated them.  they cant be seperated because neither one or 2  can exist without the other(s)

[quote author=mapoui link=topic=89006.msg559725#msg559725 date=1397751991]

they cant be seperated because neither one or 2  can exist without the other(s)
[/quote]
Nonsense !  :-[

allyuh looking for reform of the existing system.  no such thing is possible any more.  systematic limits have been reached.  there is no where to go save fall back on itself in cannibalistic activity.
hence we have fascism/police state and al manner of dire possibilities facing the people.

that is because there is no where expansionary for systematic capitalism to go.  it is done.  it is either the people get up and revolutionise they system, creating a new democratic economy, bringing all the people in to a huge open market win which capitalism is not a factor or it will limit and strangle systematically again.

the only way there will be economic growth again is when general needs can be met by new economic activity that does not scoop up all the money in an economy systematically  into a few hands, soon leaving none for anyone else

we must find a way to meet all the pent up need in humanity..all of humanity can be successfully met by general economic activity.  without that there remains only Brave New World and depopulation

[quote author=mapoui link=topic=89006.msg559728#msg559728 date=1397752721]

allyuh looking for reform of the existing system. 

that is because there is no where expansionary for systematic capitalism to go.  it is done.
[/quote]

Wrong !....The system self cures ....Look at AIG...

Existing system WAS reformed by a government Bail Out : 

repaid everything with a huge penalty and business as usual.

Back to declaring a Profit.

Quote:Nonsense !  :-[

ok.  how efficient is it for a central bank to run a system of commcercical banks ::confused::

it is not efficient.. or it would happen. 

but if the people who captured your central bank, privatises your currency into own their hands, allow some of their own to set up a system of commercial banks necessary for more efficient exploitation of the economy where is the difference?

in efficiency that's where!

the same people control but they have divided the activity as per their need for efficiency.

a commercial bank is a huge divergent enterprise in routine function.  but the central bank behind them allows them safety from failure because they have the purse..  allows them fractional reserve, allows them monopoly. 

in fact because they have the central bank..they can start up the commercial banks with no investment at all...which is what has happened.

look at al the commercial banks and their history and you will see.  originally in europe they had investments of course..start up.  but by the time of expansion into the new world they needed no investment at all.. commercial banks.  they were and are simply derivatives from central banking control

and the monopoly they have...now one is allowed to start up competitve banks.  and even if they do like in Titty and elsehwre they are bever allowed to to be competitive.  and if they are they are focred to sell out to the forriner with the commerical banks to himself.

check royal bank which was owned locally in Trinidad..grew successfully and first thing you know local owners sold it to barclays or one of them.

all economic activity is forced through the commercial banks in a location.  no activity is possible without them not because they are essential but because they have set up a system that forces the people through their doors.

and it is the same with investment banks..the very same people again set up a segment to deal efficiently with the exploitation of sectors like construction and mega projects..another systematic facet for bleeding the location.

and because it is the people who own the central bank what they are doing is financing themselves with the peoples money for they can print whatever they need free of charge.  that is how they pollute economies with inflation by printing the money they need to rip off the situation out of thin air.  they don't care if inflation skews the prices but they own it. 

if a house is 50 grand real market value locally, and they print 50 grand for themselves, they slice the value in 2.  it is now 100 grand chasing the house divided by 4 so the house is now worth 25 grand.  so by printing 50 grand for themselves they have stolen your house and reduced you value to 25 grand.  even worse that 50 grand printed out of thin air is added to the national debt which must be repaid at interest by your very own taxation.

so your house and value is not only stolen up front.. you keep paying for it in interest charges met by your income taxes.

its the same with your commercial bank loans....which if dead/failed are given to the central bank by the commercial banks for payment..which bad debt is now added to the national debt to be paid by income taxes

so their is major inflation in every jurisdiction all caused by the central banks/commercial and investment banks..all owned by the very same people in all and every instance.

so your money becomes worthless relative to other currencies...like west indian currencies..all hollowed out by banking activity...central commercial and investment..all organically connected..no one able to function without the other

what they also do with control of the local currency is to keep local ownership lily white. 

they will not lend money for any but the most trivial of activities to locals...only to forrin whites for business purposes..or designated flunkies like Syrian Lebanese, or Greeks in some cases... who pass by even if they are flotsam and jetsam.  that's ok.  the local people will have to pay if they fail or abscond with the money.

THEY CANNOT BE SEPARATED THOSE BANKS,  YOU TRY AND LET ME SEE THEN

Quote:Wrong !....The system self cures ....Look at AIG..

you really bounce yuh head yuh know.  what have I been saying?

there it is in front your face!  they are all failed..all the banks and insurance companies by their exposure to toxic derivatives.  the central bank has assumed all that bad paper and is busily trying to eat up that paper and keep the big 5 banks and big insurance afloat.  the central bank is now their guarantor, actually merging the FED with the failed banks in order to keep the system afloat

but the bad paper at interest is now 700+ trillions of dollars.  not even if they tied the central banks of the whole planet to that it can be saved.  so they are prepared to do real savagery on the planet regardless.  it is as if the banks and the debt based banking system of death.

what self correction you talking about.  why isnt the economy going well then if there is self curative? 

how much time you need,  it is 6 years now since collapes in 2008?

[quote author=mapoui link=topic=89006.msg559736#msg559736 date=1397754148]
ok.  how efficient is it for a central bank to run a system of commercial banks ::confused::

it is not or it would happen.
[/quote]

First of all ...The Central Bank is a Government institution, that instructs commercial banks what to do on monetary policy including setting Interest rates.

Commercial banks are owned by private Shareholders.

You can right no go and buy shares of Royal Bank , et al