"Banks Are Legalised Mafia"

[LaoPo]

"Banks are legalised Mafia"

More than 30 years ago a Banker friend admitted to me that Banks can do anything they want and spoke the famous words: "Banks are legalised Mafia".

Thinking of this I noticed an article, written by Tom Lassing from The Netherlands and I have translated his article from Dutch to English.

Quite interesting article although the content could also have been written in and about (Banks in) the USA:

****************************************************************************

"

Banks rule Europe

Written by Tom Lassing November 25, 2010 8:0AM

Why do we need to save banks and the residents of European countries have to pay higher taxes?

The answer is simple, because it are in fact the bankers who are ruling Europe. The bankers do not want to lose income. THEIR banks must be saved, and their income and bonuses should only increase.

The rest of the population, better pay their (bankers) salaries and bonuses and pay for their Bank business as well.

This happens not only in Greece and Ireland, but clearly also in the Netherlands.

The new government wants to cut € 18 billion. Not that the banks will pay for that, but you and I are going to yield the € 18 billion.

Meanwhile, banks are increasing their profit margins, only to pay huge bonuses as soon as they can.

We all pay interest to the banks and the money for these loans to us is simply invented.

It is ABSURD!

I ask you here, you want to borrow money from me. I have $ 10,000 in an account, so I decide to lend you, based on that $ 10,000, the sum of € 100,000.

That can not be, you say? Yes, it is possible, the banks do it too!

BUT if I do it's a problem, if the banks do so, it's suddenly allowed.

The banks are getting rich by using money they have invented.

They didn't work for their money, they invented their money based upon a small collateral: (YOUR money - LP).

Why should we work hard for our money and the banks are allowed to create the same out of thin air and then ask interest for it?

The big mistake that England, Ireland and the Netherlands made was that they wanted to save the banks.

A big mistake, because it will all go wrong anyway. It now takes only a little longer.

Although I am angry these aid scams to failing banks, via our visible and invisible leaders, are still an advantage.

We now -at least- have time to save ourselves. DO SO TOO!

Better Gold and Silver rather than Euros and U.S. dollars.

Buy enough food for at least three months along to keep yourselves alive, keep at least 24 liters of water in the house.

Minimize debt, minimize cash in Euros. Not in your hands and not the bank. The bankers are coming to steal from you. Your money is not safe in their accounts!

In France, they called to create a bank run. I disagree, but I can totally imagine the call. I would not advise a bank run.

It could bring down banks NOW.

For many people this is (yet) too early, they have not yet prepared for a crisis.

Most people simply do not believe that a crisis is going to come.

Greece is far away, far away Ireland, Portugal is far away ... for the Dutch, Belgium is far away and later for the Belgians, the Netherlands will soon be far away and then suddenly the crisis came home. Why did'nt we see it coming....?!

Wake up! The crisis is coming.

Country after country will need help and come under greater control of the International Bankers.

We have to declare ourselves bankrupt and detach from International Banks.

The best way in my opinion is to move your US Dollars and Euros into gold and silver.

I do so myself on a large scale. I now have more than 35% of my assets directly in gold and silver. That percentage continues to grow. Here is most of my metal:

(gold website where the author puts his gold/silver; if someone wants to have the link, pls PM me - LP- )"

*************************************************************************

LaoPo

[Khun Jean]

Even the North Americans forgot what they where fighting a few hundred years ago.

Gullible people are easy to rule, and with the current onslaught of misinformation especially the tv ("panem et circenses" all over again), the perfect slave is almost reached.

I would say, get it over with and withdraw your money now. I already did.

I also told my bank to shove it where the sun don't shine when they altered my mortgage interest rate from 4.9% to 6.5% while their rates went almost to zero. I now have a 4.1% rate

[LaoPo]

And another country bites the dust: BELGIUM in line with the others to be sucked into the hands of the Bankers:

guardian.co.uk, Wednesday 24 November 2010 20.10 GMT

Belgium joins financial markets' hit list

Traders push cost of insuring Belgium's debts to record levels in situation made worse by broken political system

Hold the moules et frites: Belgium has joined Portugal, Spain and Italy on the hit list of countries that may be heading for financial crisis.

In the bars of Antwerp and the cafes of Bruges, the talk is less of Christmas markets and hot chocolate than of the rising cost of financing a national debt which has reached 100% of annual national income.

Like Ireland, struggling to fend off criticism of its austerity package, there are signs that international bond investors are starting to view Belgium as living on borrowed money and borrowed time.

To make matters worse, it has a broken political system and is without a government since April. International money market traders today pushed the cost of insuring Belgium's debts to record levels. The interest payments still fall short of those charged for Spain's government the Portuguese, but analysts said the gap was narrowing quickly.

"Belgium is having to pay a political risk premium, because it still doesn't have a government in place to make decisions over how to curb its spending and its debts, which is what the market wants to see," said one analyst.

While the rest of the continent has wrestled with the question of what to cut and when in an effort to control government spending, the 10 million Belgians have been locked in a three-year row between Flemings and Walloons over how to govern a county on the outskirts of Brussels.

In April the government of two times prime minister Yves Leterme collapsed when he failed to resolve what had become a constitutional crisis centred on the ethnically divided constituency Brussels-Halle-Vilvoorde. An election in June split the country.The majority of Flemish people want a dose of British-style austerity, but socialists refuse to agree any cuts.

In the febrile atmosphere of trading in government debt, any country without a coherent plan can be seen as irresponsible or with something to hide.

In short, the next Ireland.

The premium to insure Belgium's debts rose 5% today: it now costs £155,000 to insure £10m of Belgian bonds against the possibility of default. The cost for Spain and Portugal The cost of insuring Spanish and Portuguese debt also rose again, £312,000 and £510,000 respectively.

A government spokesman denied that Belgium was in trouble, saying makes the character of our debts very different to the UK.

"We are net savers. So our government does not need to refinance its debts in the same way as the UK, which has borrowed more internationally."

He conceded the political situation was unresolved, but Belgium was stable.

"It's unfortunate we must wait to form a new government, but it's a democratic process and we'll resolve it in time."

http://www.guardian....arkets-hit-list

LaoPo

[rakman]

And another country bites the dust: BELGIUM in line with the others to be sucked into the hands of the Bankers:

LaoPo

You complain about the banks, but its the governments that keep spending more and more of their nation's wealth. When the situation reaches a point where debt service and spending exceed the GNP, no amount of taxes or borrowing will keep the nation from failing.

Taking money out of the private sector in taxes, and deficit spending starts a death spiral that will only last until GNP is exhausted, while the GNP is decreasing from less economic activity.

Wake up!! It's the government and their excessive spending that is enslaving their population.

A government that is big enough to give you everything you want is powerful enough to take everything from you.

[LaoPo]

And another country bites the dust: BELGIUM in line with the others to be sucked into the hands of the Bankers:

LaoPo

You complain about the banks, but its the governments that keep spending more and more of their nation's wealth. When the situation reaches a point where debt service and spending exceed the GNP, no amount of taxes or borrowing will keep the nation from failing.

Taking money out of the private sector in taxes, and deficit spending starts a death spiral that will only last until GNP is exhausted, while the GNP is decreasing from less economic activity.

Wake up!! It's the government and their excessive spending that is enslaving their population.

A government that is big enough to give you everything you want is powerful enough to take everything from you.

1. I didn't write the articles in the OP and later about Belgium but,

2. I agree that both the Banks and Governments are taking money too easily out of the pockets of the tax payers; they wouldn't do so if it was the wallet of themselves, not even proportionally.

3. Your wake up call: I agree and most of us will; but at the same time the Governments should do something about the banking sector but look what happened all over the world, on Wall St., London, Frankfurt...it's the Old Boyz Network that's playing around and protecting each other and therefore the old saying will still hold: "Banks are legalised Mafia"...legalised by the Governments.

LaoPo

[flying]

Thanks LaoPo

Nice of you to translate that article.

It is always surprising to find so many still do not understand the ability of the banks to create credit far exceeding their collateral.

When that article said banks create money out of thin air.....

Actually they meant credit.

Many are only now realizing what that means & the way they do it.

Before this crisis started few really cared about fractional reserve banking.

But while the banks create credit backed by nothing the government does the

same with currency now that they buy their own debt openly with more of their own debt/paper....Really Amazing & so bold none should be surprised where it is heading.

Lastly the author said.......

In France, they called to create a bank run. I disagree, but I can totally imagine the call. I would not advise a bank run.

It could bring down banks NOW.

For many people this is (yet) too early, they have not yet prepared for a crisis.

Most people simply do not believe that a crisis is going to come.

Sadly even the author himself is late as we have already had two years to prep & many have said it was a gift.

But also as he said...Most do not even believe there is a problem....So expect a rush at some point if there is one.

Like Chris Martensons crash course a good general primer which I heard a few years ago said....

If I dont try to get things in order & there is a crisis how will I feel knowing I had a chance to?

As opposed to getting ready & nothing happens?

Edited November 25, 2010 by flying

[mitsubishi]

Out of all the banks the western Europe / US banking system is the most corrupt abomination of the lot.

The Asian banks are on the rise and that's who I'm banking with.

[Trickcyclist]

The banks are like drug pushers and we are debt junkies.

WE made the banks and their feckless venal politician servants.

We didn't have to borrow, excessively on mortgages, remortgages, credit cards etc etc.and create mountains of debt

that the banks exploited, packaged, CDO,d passed-on and then brought the house down around us.

We didn't have to drive land and house prices beyond reach.

If you leave your front door open expect to be robbed.

We re-morgaged the houses and bought the merc.

We fueled the feeding frenzy in consumer spending-BAHT30,000 mobile phones, holidays etc.

The economic barometers all scream "consumer spending is down, up, static."

But consumer spending is fueled by debt.

The question was never asked: "where is it all going to end?" When will we get the bill?"

The answer is now: with failed banks, failed countries, ruin, hunger, economic depression, mass unemployment, worthless currencies, zillion per cent inflation to come.

The Weimar Republic all over again, mass unemployment, depression, mass migrations of starving people with nowhere to go, on a global scale and what follows:

The rise of Hitlerism, fundamentalism, paranoia, racial and religious scapegoats, the break down of law and order and

conflicts between Looney Tune right and left that leave the rest of us floundering in the middle.

Somebody said in an article above: "Buy gold! Buy silver." If you do, who is going to buy it FROM you when the system collapses.

The only thing that people give away for free is worthless advice.

What's the solution? Maybe the Chinese and Asian will keep the world economies from collapsing.

Here's hopin.'

[midas]

The banks are like drug pushers and we are debt junkies.

WE made the banks and their feckless venal politician servants.

We didn't have to borrow, excessively on mortgages, remortgages, credit cards etc etc.and create mountains of debt

that the banks exploited, packaged, CDO,d passed-on and then brought the house down around us.

We didn't have to drive land and house prices beyond reach.

If you leave your front door open expect to be robbed.

We re-morgaged the houses and bought the merc.

We fueled the feeding frenzy in consumer spending-BAHT30,000 mobile phones, holidays etc.

The economic barometers all scream "consumer spending is down, up, static."

But consumer spending is fueled by debt.

The question was never asked: "where is it all going to end?" When will we get the bill?"

The answer is now: with failed banks, failed countries, ruin, hunger, economic depression, mass unemployment, worthless currencies, zillion per cent inflation to come.

The Weimar Republic all over again, mass unemployment, depression, mass migrations of starving people with nowhere to go, on a global scale and what follows:

The rise of Hitlerism, fundamentalism, paranoia, racial and religious scapegoats, the break down of law and order and

conflicts between Looney Tune right and left that leave the rest of us floundering in the middle.

Somebody said in an article above: "Buy gold! Buy silver." If you do, who is going to buy it FROM you when the system collapses.

The only thing that people give away for free is worthless advice.

What's the solution? Maybe the Chinese and Asian will keep the world economies from collapsing.

Here's hopin.'

On December 7, 2010 the PEOPLE take back their power!

Join the millions of banking customers around the world who will be peacefully withdrawing their money from major banks in a coordinated, global effort.

If you do your banking with BANK OF AMERICA, CHASE, WACHOVIA, WELLS FARGO, CITIBANK, US BANK, SUNTRUST BANK, NATIONAL CITY BANK, MORGAN STANLEY, UNION BANK, UBS, MORGAN STANLEY, GOLDMAN SACHS, BRANCH BANKING & TRUST, REGIONS BANK, COMERICA, PNC BANKS or any of these other major banks -- pull your money out and put it with a local, regional bank or a community credit union instead.

http://www.stopbank.blogspot.com/

[Trickcyclist]

And there's more.... from the London Financial Times, no less:

The New Slavery

Tiny financial elite, is looting public treasuries in order to cover its speculative failures, reducing entire populations in the process to the status of “indentured” servants.

quote

In a revealing admission concerning the relationship between capitalist governments and international financial interests, the Financial Times on Tuesday wrote of “Europe’s dirty secret.”

The newspaper editorialized against the plan of the European Union, the European Central Bank (ECB) and the International Monetary Fund to loan Ireland tens of billions of euros in order to guarantee in full the investments of international bankers and bondholders in the country’s failing banking system.

Under the plan, Ireland will effectively surrender sovereignty over its economic policy to the EU and the IMF and agree to claw back the latest bailout of the global financial elite by imposing a new and even more savage round of attacks on the wages and living standards of the working class.

The Financial Times argued that using the €440 billion European Financial Stability Facility (EFSF) to cover the bad debts of the financial elite by propping up zombie banks, while driving the Irish state closer to default, would be “a fatal mistake.” The Times insisted that such a policy was shortsighted and self-defeating, since sovereign defaults would trigger new financial panics and bankruptcies.

“It would,” the Times wrote, “keep the Irish people indentured to those who recklessly fund their banks: EFSF funds must, after all, be paid back by taxpayers. It would also give an official EU imprimatur on Europe’s dirty secret: public treasuries will do anything to make private bank creditors whole.”

What the Financial Times calls a “dirty secret” is hardly news to those who have followed developments since the collapse of Lehman Brothers 26 months ago. What is remarkable, however, is the bluntness with which this organ of British finance capital acknowledges the existence of a dictatorship of the banks over government policy throughout Europe. Nor is it any different in North America, South America, Africa or Asia.

The newspaper admits that a tiny financial elite, which it describes as “reckless,” is looting public treasuries in order to cover its speculative failures, reducing entire populations in the process to the status of “indentured” servants. It is this single-minded pursuit that drives the decisions of governments throughout Europe.

Regardless the nominal political coloration of a particular government—whether “left of center” (as the social democratic PASOK regime in Greece and the Fianna Fail government in Ireland) or “right of center” (as the Conservative-Liberal Democrat coalition in Britain and the Gaullist regime in France)—it takes its orders from the major banks. This is the meaning of the recurrent references by government leaders to “market realities.”

The Times’ acknowledgement of the “dirty secret” of bourgeois politics lifts the veil on the fraud of so-called democracy under capitalism. Governments uniformly pursue anti-social policies in defiance of popular opposition. The state is, as Marxism has long explained, the instrument of the corporate-financial ruling class for the suppression of the working class.

Over the past year, finance capital has intensified its offensive against the working class. The Irish events, following the Greek debt crisis of last spring, marks a new stage both in the objective crisis of world capitalism and the response of the ruling classes to this crisis.

Taking their cue from the United States, governments all over the world initially reacted to the financial crash of September 2008 by pumping trillions of dollars in public funds into their respective banking systems to prop up the major banks. This was the essence of the so-called “stimulus” programs enacted by governments around the world.

In part to prevent an uncontrolled collapse in consumption and a downward spiral into global deflation, and in part to provide political cover for the looting of public funds to rescue the financial aristocracy, governments enacted limited relief measures to minimally buffer the social impact of the recession. These measures enabled the ruling classes to buy time.

By the second half of 2009, however, when it was clear that the immediate threat of collapse had been averted, that the bankers and speculators would suffer no consequences for their semi-criminal activities, and that no serious financial reforms would be enacted, the stock markets bounced back, along with bank profits and CEO bonuses.

The most powerful financial firms were allowed by the political elites to emerge from the first stage of the crisis more dominant and wealthy than ever. Emboldened by these developments, at the end of 2009 global finance capital intensified its offensive, targeting Greece to establish a precedent for a global shift from stimulus to budget-cutting and austerity.

Last spring, under pressure from the banks and bond markets, the European Union adopted its program of austerity, launching historic attacks on what remains of the welfare state and all of the past social gains of the working class. The Irish crisis represents a new stage in this class-war offensive.

Its aim is a fundamental realignment of class relations worldwide. Whatever remains of welfare programs are to be obliterated. Wages in developed capitalist nations are to be slashed to a level comparable with low-wage “developing” countries. Conditions for the working class are to be rolled back to those which prevailed a century ago.

Such a social transformation cannot be carried out within the framework of the traditional methods of bourgeois democratic rule. In one country after another, workers and young people protesting against the budget cuts—in Greece, Portugal, Spain, France, Great Britain—have faced state repression.

An article in the Wall Street Journal this week, headlined “Crisis of Democracy Faces Euro Zone,” notes that the establishment of an EU-ECB-IMF troika dictating Irish economic policy means that the country’s “independence is no more than notional.” The author warns of the danger of social upheavals because “designing a new form of government that does not have democracy at its heart will anger voters and provide an opening to extremists.”

None of the measures being taken can resolve the crisis of the world capitalist system. More than two years on, it is clear that the crisis is not merely a conjunctural downturn, but rather a systemic crisis of the system as a whole. As in the 1930s, slump and austerity go hand in hand with ever more bitter international economic conflicts and the slide toward world war.

The global financial elite is on the offensive not because the working class accepts its demands. Workers in country after country have demonstrated their willingness to fight, carrying out mass strikes and protests. These struggles have to date been sabotaged and defeated because of the treachery of the trade unions and their allies in the official “left” parties and middle-class pseudo-left organizations.

New and greater struggles are coming. The critical issue is the building of a new leadership and new organizations of struggle, the fight for a socialist and internationalist program, and the development of revolutionary consciousness in the working class. This is the key to mobilizing the working class internationally to break the dictatorship of the banks and establish genuine democracy and social equality on a world scale.

Global Research Articles by Stefan Steinberg

Global Research Articles by Barry Grey

[LaoPo]

Out of all the banks the western Europe / US banking system is the most corrupt abomination of the lot.

The Asian banks are on the rise and that's who I'm banking with.

They use the same system as in the West although (some of the) the Asian Governments tell their Banks to hold more reserves than the Western Banks ever did.

LaoPo

[LaoPo]

The banks are like drug pushers and we are debt junkies.

WE made the banks and their feckless venal politician servants.

We didn't have to borrow, excessively on mortgages, remortgages, credit cards etc etc.and create mountains of debt

that the banks exploited, packaged, CDO,d passed-on and then brought the house down around us.

We didn't have to drive land and house prices beyond reach.

If you leave your front door open expect to be robbed.

We re-morgaged the houses and bought the merc.

We fueled the feeding frenzy in consumer spending-BAHT30,000 mobile phones, holidays etc.

The economic barometers all scream "consumer spending is down, up, static."

But consumer spending is fueled by debt.

The question was never asked: "where is it all going to end?" When will we get the bill?"

The answer is now: with failed banks, failed countries, ruin, hunger, economic depression, mass unemployment, worthless currencies, zillion per cent inflation to come.

The Weimar Republic all over again, mass unemployment, depression, mass migrations of starving people with nowhere to go, on a global scale and what follows:

The rise of Hitlerism, fundamentalism, paranoia, racial and religious scapegoats, the break down of law and order and

conflicts between Looney Tune right and left that leave the rest of us floundering in the middle.

Somebody said in an article above: "Buy gold! Buy silver." If you do, who is going to buy it FROM you when the system collapses.

The only thing that people give away for free is worthless advice.

What's the solution? Maybe the Chinese and Asian will keep the world economies from collapsing.

Here's hopin.'

Not entirely correct.

It's like the question which was first: The Egg or the Chicken?

The point is that the Banks went much too far (and the Governments allowed them to go so far) by luring -stupid- innocent and non-asking-for-money customers telling them they could get money....................."I give you Money"....it's (almost) for FREE ...

....but didn't explicitly explain them about all the nasty rules and small letters in the contracts or WARN them for eventual serious consequences like the almost 0% mortgages in the US they gave to millions of customers WITHOUT telling them the rate could up; we know the results.

And, many were so stupid -blinded by all that money- to believe the banks and took the money, enabling them to buy that beautiful house they, otherwise, never would have been able to buy or maybe in 40 years time...

Now, many of them are back on the streets in a worse situation than before they bought that stupid house.

On the other hand, without the banks, the world wouldn't have been so prosperous in the past 50-60 years...

The real Mafia practises started to occur in the '90's and the past 10 years in particular when financial wizz kids started to invent financial products, their own bosses didn't even understand anymore but the same bosses saw enormous profits because other non-understanding bosses of other banks believed the first -stupid- bosses (Old Boyz Network you know) and started buying worthless products in the many $ Billions, untill the system collapsed.................and...................the governments helped the crooks in all the banks by saving those banks, with YOUR money.

"Banks are Legalised Mafia"....Legalised by the Governments who don't know sh_t about Banking.

LaoPo

[LaoPo]

Banks rule Europe

Written by Tom Lassing November 25, 2010 8:0AM

Why do we need to save banks and the residents of European countries have to pay higher taxes?

The answer is simple, because it are in fact the bankers who are ruling Europe. The bankers do not want to lose income. THEIR banks must be saved, and their income and bonuses should only increase.

The rest of the population, better pay their (bankers) salaries and bonuses and pay for their Bank business as well.

I forgot to mention the link of the author; Mea Culpa for that!:

http://www.beursbox.nl/ (in Dutch language)

LaoPo

[mitsubishi]

Out of all the banks the western Europe / US banking system is the most corrupt abomination of the lot.

The Asian banks are on the rise and that's who I'm banking with.

They use the same system as in the West although (some of the) the Asian Governments tell their Banks to hold more reserves than the Western Banks ever did.

LaoPo

This is true and it' why they aren't suffering the pain the west is going through, it's another reason why I bank with the east and not the western banks.

There's a more sensible psyche to the east. They've been through the 1997 crash once already, their first one if you like.

But I've a ken that you can't fool an asian twice, ergo the eastern banks are a safer bet

[LaoPo]

Out of all the banks the western Europe / US banking system is the most corrupt abomination of the lot.

The Asian banks are on the rise and that's who I'm banking with.

They use the same system as in the West although (some of the) the Asian Governments tell their Banks to hold more reserves than the Western Banks ever did.

LaoPo

This is true and it' why they aren't suffering the pain the west is going through, it's another reason why I bank with the east and not the western banks.

There's a more sensible psyche to the east. They've been through the 1997 crash once already, their first one if you like.

But I've a ken that you can't fool an asian twice, ergo the eastern banks are a safer bet

Another very inporant difference between the financial culture East vs West is that Asians save more money -percentage wise- than westerners.

It's not uncommon for Chinese to save more than 30% of their monthly income whatever they make; poor people included.

Also a high downpayment is required, buying houses and other capital requiring assets like cars, furniture etc. next to the fact that credit cards is still a phenomenon not existing with a large portion of the population.

LaoPo

[gregb]

The banks are like drug pushers and we are debt junkies.

WE made the banks and their feckless venal politician servants.

We didn't have to borrow, excessively on mortgages, remortgages, credit cards etc etc.and create mountains of debt

that the banks exploited, packaged, CDO,d passed-on and then brought the house down around us.

We didn't have to drive land and house prices beyond reach.

...

In fact, you did have to do that, because if you didn't, as people aren't now, the governments of the world would simply be borrowing that same money for you, spending it on their own foolish projects, and burdening you with higher taxes. Either you borrow it or the government borrows it for you. Take your pick.

All fiat currencies today are based on debt. If there was no debt there would be almost no money in circulation. It is impossible *NOT* to have exponentially increasing debt loads or the system implodes. The only question open to debate is who shoulders the burden of the ever increasing debt? It is either you directly or you via the government and higher taxes.

When I hear people say "we didn't have to do it", I cringe. In a very real way, you did. The system was engineered to encourage you to do that. It is like water flowing downhill. It was the only action possible. Not borrowing is what people are trying now, and we are seeing the result. That is not allowed under modern monetary systems.

The whole system is going to implode because the thing that makes that debt serviceable, exponential economic growth to go along with the exponential increase in debt, has now come to a permanent end due to geological limits. Only today are people finally waking up to the fraud that is fractional reserve banking. It was a great 400 year run for the financial elite, but now it is over.

The rules must change now, there is no other way. The only question is, how bloody is the change going to be? And how angry will every one get when they finally realize the great fraud that has been inflicted upon them?

[jazzbo]

And how angry will every one get when they finally realize the great fraud that has been inflicted upon them?

I see ... but YOU already realize the fraud that has been inflicted on the great unwashed ... You must be making a killing with that inside knowledge... Another case of the Smart-Guys on ThaiVisa vs. the Sheeple ...

"FIAT" -- you get Groucho's word of the Day prize:

[Naam]

Trickcyclist, on 2010-11-26 10:38, said:

Somebody said in an article above: "Buy gold! Buy silver." If you do, who is going to buy it FROM you when the system collapses?

a good one!

[jazzbo]

No problem ... whoever buys gold or silver is always relying on there being the Greater Fool ...

Edited November 26, 2010 by jazzbo