tag:blogger.com,1999:blog-5524682876220396502.post6139630403603537012..comments2024-03-27T06:56:10.255+00:00Comments on Broad Oak Magazine: It really, really is a swindleUnknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-5524682876220396502.post-46488173715752498332008-04-10T18:01:00.000+01:002008-04-10T18:01:00.000+01:00Keep trying Matt. It only takes a small %age of us...Keep trying Matt. It only takes a small %age of us to stop playing this game to change the supply and demand inequality to our favour so the system falls apart.Schadenfreudehttps://www.blogger.com/profile/10814528401540604867noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-63182953710250374882008-04-10T06:16:00.000+01:002008-04-10T06:16:00.000+01:00Hi Matt: what did you try?Hi Matt: what did you try?Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-10845323948446369202008-04-09T22:27:00.000+01:002008-04-09T22:27:00.000+01:00Good luck trying to organize a borrower's strike. ...Good luck trying to organize a borrower's strike. I've been trying to organize one for the last several months, and I can't even convince a single one of my friends that they are only making the banks rich. <BR/><BR/>Imagine what would happen to asset prices if everyone stopped borrowing? Gasp! House prices might actually become affordable - normalize to incomes. Gasp! That's a terrible idea.<BR/><BR/>People seem to only cooperate when it leads to a mutual dead end.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-47375694693384355522008-04-09T14:13:00.000+01:002008-04-09T14:13:00.000+01:00A borrowers strike? Yes, I suppose that is exactly...A borrowers strike? Yes, I suppose that is exactly what it is! Thing is it only requires a relatively small proportion of people to decide they aren't going to play this debt game anymore to cause the whole thing to unwind. And since it is very logical NOT to play the game of debt anymore it really should be a piece of cake to evangelise for a new approach to personal finance that will bring these high street con-artists to their knees.<BR/><BR/>Mind you, there is a lot of money at stake. Maybe they will have us shot first!<BR/><BR/>[PS, Yes, I am RS, and as you have seen I have given in to your demands re. blog creation!]Schadenfreudehttps://www.blogger.com/profile/10814528401540604867noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-12798893663418679412008-04-09T05:32:00.000+01:002008-04-09T05:32:00.000+01:00I really do like Paul Grignon's work.I really do like Paul Grignon's work.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-47981997689565854592008-04-08T19:10:00.000+01:002008-04-08T19:10:00.000+01:00Hi Schadenfreude - (RS as was, I take it, but ther...Hi Schadenfreude - (RS as was, I take it, but there already is an RS blog as you'll doubtless have discovered): love your idea of a borrower's strike, a similar thought had occurred to me - now for the campaign!Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-71094406445461515382008-04-08T17:31:00.000+01:002008-04-08T17:31:00.000+01:00The really shocking thing is that the system is se...The really shocking thing is that the system is set up to break, but when it does break the rich just get richer when measured by real wealth. It is a mechanism by which the super-rich can ensure that most of the real wealth continually gets transported into their hands. <BR/><BR/>I used to think that it was a conspiracy, but now I think it exists this way because it has done so since year dot and nobody with power and influence has any incentive to change it. Not socialists, not communists, and certainly not capitalists. It is such a fantastic mechanism for transpoorting the real wealth back to the rich or the state, as appropriate. <BR/><BR/>However, to break this system you don't need to start a revolution. Just spread awareness. Stop taking out debt. Tell you family and friends to stop taking out debt. If you are forced to take out debt, insure it and make the risk of non-payment someone else's problem. <BR/><BR/>If you built a Barratt sized home it would cost you £50,000 excluding land. If you take out a mortgage to pay for it, it will cost you £400,000. The availability of cheap debt and a willing market for debt forces up the price you see. Simply stop playing the game and the prices will fall - permanently.Schadenfreudehttps://www.blogger.com/profile/10814528401540604867noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-35259432874310554622008-04-08T06:25:00.000+01:002008-04-08T06:25:00.000+01:00Thanks Yoyomo, will have a look.Thanks Yoyomo, will have a look.Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-54006041427221579682008-04-07T22:54:00.000+01:002008-04-07T22:54:00.000+01:00For a really fun and informative explanation of fr...For a really fun and informative explanation of fractional reserve banking and how interest on debt can never be repaid in full for the system as a whole check out this video (47 min) at<BR/><BR/>www.brasschecktv.com/page/135.html<BR/><BR/>It's a bit long but very entertaining and accessable to kids as young as 14 or 15 if they're fairly attentive.yoyomohttps://www.blogger.com/profile/06357340275250708990noreply@blogger.com