John Ward May 29, 2014 Uncategorized

Kill bankers or blow up the economy? What a dilemma…

Read this and weep.

41Comments

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1

John Ward on May 30, 2014 at 5:14 pm

Well money talks the people say
it helps to smooth the way
but when I married money
she had nothing much to say

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2

penniewoodfall on May 30, 2014 at 3:12 pm

A mark,a yen,a buck or a pound
Is all that makes the world go round
that clinking,clanking sound
Can make the world go round!

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3

penniewoodfall on May 30, 2014 at 1:44 pm

Thank you…I have not that amount!
I am though getting a good rate of interest every month. Yes, it is true… all eggs in one basket…..I will have to live with that for now. Thanks Really!

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4

nnuim on May 30, 2014 at 12:45 pm

Best not to intervene.

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5

Really... on May 30, 2014 at 10:31 am

Just make sure you do not have more than £85k in there. The issue of course becomes if there is a run on Santander, you have all your eggs in one basket

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6

Konstantin Kayes on May 30, 2014 at 8:54 am

From “too big to fail” to “too big to jail”…We ‘re doing fine!

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7

penniewoodfall on May 30, 2014 at 6:52 am

Since I am counting…..they as you say…..is correct.

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8

penniewoodfall on May 30, 2014 at 6:45 am

Hmmmmm One would hope so….would it make any difference I wonder? Me’thinks not.

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9

Miss Bhaving on May 29, 2014 at 11:04 pm

Oh Boy, being poor has it’s up side. lol I think the person who invented Money (middle eastern races), knew what they were doing. They were not farmers, growers, cattle tenders- in fact they were lazy ( just like the bankers now a days). So instead of getting involved in creating his/her food chain, they held up what may have been gold at first (middle eastern cultures still prefer Gold to money) did the ‘snake oil sales pitch’ and it took off. It was the poor and trusting, honest, hard working people who gave food and goods for promises on paper. Oh wow look millennias later and….

I promise to pay the bearer…$$$$$£££££€€€€€.

Dead already!
Other interesting news re: funny things to do with money. Charities who play the victim card are investing their/our . who ever money it is now, in to ethical projects. Oh they are doing it NOW after being caught out.

Charities=big business=money to be made by making victims.

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10

Miss Bhaving on May 29, 2014 at 10:51 pm

Or they could change their browser and browser settings…

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11

penniewoodfall on May 29, 2014 at 8:57 pm

Oh, Where art thou my friend kfc?

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12

penniewoodfall on May 29, 2014 at 8:56 pm

However, P.K-E
Since you advocate Claridges I would have to think again as I know my place…..
I have always been a cog in a wheel sort……something about grease and oil and bikes that drives me plum crazy.
You see I love to sense/ feel the freedom of driving into the day/night alone.

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13

penniewoodfall on May 29, 2014 at 7:01 pm

Bloody right Ruxley Senior!
Otherwise, what message are we sending to our children?

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14

penniewoodfall on May 29, 2014 at 6:58 pm

ps
I have been lucky with Santander. I know many have not!

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15

penniewoodfall on May 29, 2014 at 6:57 pm

Ray,
I too have a co-op bank account…though I do not really use it.
I had been with Abbey for years and now of course it is Santander.
I have put all my worldly goods into the 123 Santander account.
That means I have closed investment and isa accounts and put everything into 123.
It is the best return I have found.
A lot of customers have done the same.
Please check it out….
If any one out there can add to this I would be grateful.
I did find it odd and scary living with all my worldly goods in my current account.
I have found no better return as of yet!
I am still sleeping well at night…..so far!

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16

Impoverished Psychologist on May 29, 2014 at 6:50 pm

Cyprus is important, but remember RBS – was 3 hours away from total shutdown and had to beg Alistair Darling for a bailout otherwise they were going to shut down chip and pin and all the cashpoints.

Just like in the US, the bankers managed to convince government that if they failed, they would take society down with them and that they had no choice but to open the liquidity taps wide….

http://www.thisismoney.co.uk/money/news/article-2415003/ALISTAIR-DARLING-INTERVIEW-Britain-hours-away-total-social-collapse–Former-Chancellor-crisis-erupted-FIVE-years-ago-week.html

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17

penniewoodfall on May 29, 2014 at 6:46 pm

Glad to oblige P.K-E.
That’s wot I’m ‘ere for!
One at a time please.:-)

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18

ray on May 29, 2014 at 6:16 pm

I agree pressure is building and we are heading for the perfect storm. Plus I have not forgotten there are always our private savings via bailins remembering Cyprus! Am I ready not quite.

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19

alexei on May 29, 2014 at 6:14 pm

From the Big Picture article: ““I have heard assertions made with great force and passion that …………. the skies will darken; the oceans will rise; nuclear winter will be upon us; and the world as we know it will end.”

This is the template used to frighten us into falling into line. Sounds reminiscent of the whole global-warming hysteria, now being increasingly invoked at every opportunity and every context possible. One such was in the NYT recently claiming that ‘climate change’ in the guise of drought had wiped out previous civilisations 3000 + years ago – what such authors overlook is that this only goes to show that [1] climate change has always been with us and [2] if it is indeed caused by man-made emissions, what caused it 3000 years ago and many times throughout planetary history?

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20

RuxleyOAP on May 29, 2014 at 5:53 pm

Still worth jailing them. Jailing burglars does not eliminate theft, but you don’t get many members of the public suggesting that rewarding burglars would be more effective.

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21

Impoverished Psychologist on May 29, 2014 at 5:48 pm

There is only one option on the table if you buy into what is being discussed here, keep only essential working funds in your bank – convert all other deposits to cash and precious metals, get a safe and a big dog.

If JW and others on this forum are correct, lifestyles are going to change radically, the rot is there for all to see, the tipping point and final descent into chaos will be far more difficult to predict. Are you ready?

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22

ray on May 29, 2014 at 4:30 pm

I must agree with kjh where to go, that’s the only reason I have not moved my account but in saying that I do have accounts at Nationwide. But i’m not to smug about that after reading the slog’s article some months back. The best I can do is to try and keep one step ahead by following sites such as The Slog, Zerohedge, Market Oracle and a number of others.

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23

Peter Knight-Enlea on May 29, 2014 at 4:28 pm

Much as we would all love to be serviced by Ms Woodfall, there is nothing wrong with the link. Some of you may, however, be using software that doesn’t like certain links.
Cue lots of dickeaded nerds saying snot possible, user error etc etc zzzzzzzzzzzzzzzzz

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24

john problem on May 29, 2014 at 4:14 pm

Read the book ‘The Bankers’ Assassin’ – guaranteed to make us all feel better…..

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25

Impoverished Psychologist on May 29, 2014 at 4:12 pm

You cannot eliminate greed by jailing the greedy, ideas and ideologies exist in the overall consciousness of society as a whole. If you jail one banker another will pop up even more obsequious and clandestine in their behaviour than the ones you imprison.

Unfortunately things will only improve when people see welfare of their peers as a priority above that of enriching themselves. With society configured as it is, this is a vain hope.

Greed, rent seeking and rising inequality are symptomatic of a dying paradigm, so says the author of ‘The Great Wave’ which is a convincing historical account of the rise and fall of various market based economies throughout history as described by the historical economic data, correlated across countries and societies. The arguments within are well supported by the data and this book is very useful to contextualise the current situation.

All the current phenomena we observe support this dying paradigm view, clueless vacant politicians, monetary debasement, apathetic population obsessed with minutia and rising social tensions.

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26

kjh on May 29, 2014 at 4:11 pm

Closed your a/c to go where?
All banks have issued the same revisions to their T&C’S.

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27

NorthernSpirit on May 29, 2014 at 2:52 pm

I, too, transferred to the Co-op to escape incompetent Santander (Grabby Abbey as was). I have just written to the Co-op telling them what I think of their new Terms and also telling them to close the account.

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28

Hieronimusb on May 29, 2014 at 2:09 pm

It (weather) can’t be much worse than it’s been here the last week or so! I understand that we can expect some improvement shortly, and travel in hope.. Free lodgings, even if you have to pay for Rioja, always attractive :)

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29

Panopticon on May 29, 2014 at 1:50 pm

Ray, I got this leaflet too. Re point 1 “exceeds a particular value”…
So if I get a notion that it’s all going pear-shaped and try to transfer my balance away from the Co-Op, that phrase is vague enough for them to block ANY amount I try to withdraw. Neat, eh?

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30

ray on May 29, 2014 at 1:28 pm

The Co-op bank (don’t laugh) which is my current bank as I closed my accounts a couple of years ago with Santander due to spains banking problems, have just sent in the post today changes to all accounts leaflet. Makes interesting reading on some of the new wording which is all about THEIR RIGHTS when making payments out accounts.
1. We (coop bank) may refuse to make a payment if a payment exceeds a particular value.
2. Further down under another bullet point they also say if you do not have available money by way of cleared funds or an agreed overdraft they can refuse to make a payment. My point is what is a particular value payment all about if there is no issue with funds in the account?
3. If we (coop bank) believe that you may have tax obligations in other countries, we may disclose information about you directly to those tax authorities, or to HM Revenue & Customs, which may share the information with other tax authorities. I like the words WE BELIEVE.

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31

penniewoodfall on May 29, 2014 at 12:51 pm

Thanks Ghost so much for putting my name in the ‘lights’ :-)
I would hate ever so much to be ignored……
Right…back to work….
Gotta spread the word…..
‘We shall over come’ x

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32

penniewoodfall on May 29, 2014 at 12:41 pm

Aw shucks! Panopticon…
I was not going to mention it…..
I’m kind or simply what ?
Never mind, my friend Ghost……I am glad to be of service.
You should see the mistakes I make……still I always say ‘the more mistakes the better’ ’cause that’s how I got to be soooo clever! :-)

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33

the ghost on May 29, 2014 at 12:36 pm

It doesn’t seem to be working on my computer,yet i have read through Pennies twitter account???

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34

penniewoodfall on May 29, 2014 at 12:35 pm

I hope the weather holds out for you and your ‘panther’
I am heading for sunnier climes soon…south to Spain.. staying with friends…
Just what the doctor ordered and free lodgings!
What more can a girl wish for?
answer?
Rioja! :-)

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35

Panopticon on May 29, 2014 at 12:32 pm

ghostie, “Read this and weep” IS the link : )

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36

the ghost on May 29, 2014 at 12:10 pm

Read what John ? there is no link,i have already read it thanks from Pennies’s tweets though & with Carney’s attack the other week,the penny is finally dropping that there grasping the gravity of flat earth economics,but still only expect tinkering not fundamental change yet

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37

umberto on May 29, 2014 at 12:07 pm

“….sell the (failed /corrupt/bankrupt ) bank to an ACQUIRER OF INTEGRITY AND COMPETENCE ” ??!!

Is there such a sprcimen left on the current fiinsncial firmament ??

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38

penniewoodfall on May 29, 2014 at 12:04 pm

+1
Thanks John.
I have tweeted…..

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39

Le Gin on May 29, 2014 at 12:02 pm

“…Are Americans stupid enough to fall for it?…” he asks…

Answers on a postcard please…

…and didn’t that nice Mr Carney say that prosecuting the pathologically thieving, fraudulent and corrupt bankers isn’t going to change anything. Personally, I would give it a go. You never know…

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40

Hieronimusb on May 29, 2014 at 11:40 am

One can only hope that the U.S. attorney for the Southern District of New York is in possession of tungsten knee braces, a fireproof codpiece, and an entire wardrobe of kevlar attire..

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41

John Ward – Kill Bankers Or Blow Up The Economy? What A Dilemma…- 29 May 2014 | Lucas 2012 Infos on May 29, 2014 at 11:13 am

[…] http://www.hat4uk.wordpress.com / link to original article […]

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