10 thoughts on “UK: Mark Neale Makes Boldface Lie. UK Savers Are NOT PROTECTED!”
BankingThiefs
He means we can print the money to replace what you’ve lost, the number stays the same, but inflation eats it’s purchasing value.
We learned long ago people prefer inflation to deflation, but it’s the same theft either way.
What-me-worry?
“I am emphatic that people [in the UK] will not lose a penny of their savings in this way”……. very creative you deceiving prick.
Rioting like a Chimp
…. A bird in the hand is worth 2 in the bush. I’ve come to the conclusion that government / administration does 2 things. They take your money and restrict freedoms.
puszuiger
Just as save as Cypriotic depositors were until a few days ago, rrrrrrright.
BTW, maybe the average Brit should check what he paid to bail out some UK banks (Lloyds &Co), another “one-time tax”, but heh you got a nice stake those great, very solvent (LOL) banks in return. Soon “the plebs” will be the sole owner (bag holder) of these great institutions, and just they’ll go poof! Who couldaseenatcomin’?..
puszuiger
Just as save as Cypriotic depositors were until a few days ago, rrrrrrright.
BTW, maybe the average Brit should check what he paid to bail out some UK banks (Lloyds &Co), another “one-time tax”, but heh you got a nice stake those great, very solvent (LOL) banks in return. Soon “the plebs” will be the sole owner (bag holder) of these great institutions, and just then they’ll go poof! Who couldaseenatcomin’?..
Blah Blah
Osborne says he will make whole any serviceman’s loss on the Cypriot bank levy. So, via our servicemen the UK will be helping fund an EU bank bailout. Nice.
Robespierre
Nurenberg trials are coming. These bastards will have their day of judgement like in Nurenberg. We are effectively dealing with the same type of mass murderers that gave us the Weimar Republic. UK Nazi bastard.
Blah Blah
If I am not mistaken wasn’t Weimer down to the French pushing the UK and US to enforce draconian sanctions on German trade whilst turning the screws on WWI reparations?
I think you are getting your World War baddies mixed up, Robespierre.
Robespierre
@BlaBla
”Draconian” policies ? Where ? There was no draconian Policy on Germany because the Germans hyperinflated to erase their war reparation debts to France. Germany paid France and the ”victors” in massively hyper devalued paper. The net result was that if you adjust the depreciation de DM to other currencies at the time, Germany paid only 10% of what was asked. That’s what Greece, Ireland, Italy, Cyprus, Portugal will soon be doing. Gettint out of the Euro and paying with massively devalued currency the debts.
Blah Blah
@Robespierre
I suggest you read the book “When Money Dies” by Adam Furgusson. It goes into great detail the pressure placed on Germany by France following World War I. Raymond Poincaré walked out on Reperations talks as he wanted no fixed amount on the reperations, allowing France to up the bill whenever she saw fit meaning Germany effectively could be paying in perpetuity. When France was close to insolvency herself, German ports along the Rhine were occupied by The Allies under French instruction as part of sanctions laid out in the peace treaty.
Prime Minister Lloyd George was quoted as saying The French “can never make up their mind whether they want payment or whether they want the enjoyment of trampling on Germany, occupying the Ruhr, or taking some other military action.
It is quite clear they cannot have both.”
On April 27 1921, the Reperations Commission fixed German liabilites at 132,000 million gold marks. That’s GOLD marks.
When the gold was gone then Germany started to hyperinflate and they did that because their ability to trade with the rest of the world was severely hindered by the Versailles Treaty.
Read the book, you’ll see nice little quotes from Keynes stating that France wanted more than Germany could produce, even Einstein gets a word or two in on the matter.
Then we come to the present day. I see a lot of German bashing here and I see a lot of UK bashing, and for the most part they are justified. But let’s not forget that a large part of this mess is down to French banks being massively overloaded with southern european debt that is being marked-to-bullshit to stop banks such as Credit Agricole, BNP Paribas and Societe General from going under and taking France with them. Tell me, who took the haircuts on Greek bonds last year? It wasn’t the large banks that hold that debt, they are still being paid in full. Tell me who are the majority holders of that debt? French banks.
He means we can print the money to replace what you’ve lost, the number stays the same, but inflation eats it’s purchasing value.
We learned long ago people prefer inflation to deflation, but it’s the same theft either way.
“I am emphatic that people [in the UK] will not lose a penny of their savings in this way”……. very creative you deceiving prick.
…. A bird in the hand is worth 2 in the bush. I’ve come to the conclusion that government / administration does 2 things. They take your money and restrict freedoms.
Just as save as Cypriotic depositors were until a few days ago, rrrrrrright.
BTW, maybe the average Brit should check what he paid to bail out some UK banks (Lloyds &Co), another “one-time tax”, but heh you got a nice stake those great, very solvent (LOL) banks in return. Soon “the plebs” will be the sole owner (bag holder) of these great institutions, and just they’ll go poof! Who couldaseenatcomin’?..
Just as save as Cypriotic depositors were until a few days ago, rrrrrrright.
BTW, maybe the average Brit should check what he paid to bail out some UK banks (Lloyds &Co), another “one-time tax”, but heh you got a nice stake those great, very solvent (LOL) banks in return. Soon “the plebs” will be the sole owner (bag holder) of these great institutions, and just then they’ll go poof! Who couldaseenatcomin’?..
Osborne says he will make whole any serviceman’s loss on the Cypriot bank levy. So, via our servicemen the UK will be helping fund an EU bank bailout. Nice.
Nurenberg trials are coming. These bastards will have their day of judgement like in Nurenberg. We are effectively dealing with the same type of mass murderers that gave us the Weimar Republic. UK Nazi bastard.
If I am not mistaken wasn’t Weimer down to the French pushing the UK and US to enforce draconian sanctions on German trade whilst turning the screws on WWI reparations?
I think you are getting your World War baddies mixed up, Robespierre.
@BlaBla
”Draconian” policies ? Where ? There was no draconian Policy on Germany because the Germans hyperinflated to erase their war reparation debts to France. Germany paid France and the ”victors” in massively hyper devalued paper. The net result was that if you adjust the depreciation de DM to other currencies at the time, Germany paid only 10% of what was asked. That’s what Greece, Ireland, Italy, Cyprus, Portugal will soon be doing. Gettint out of the Euro and paying with massively devalued currency the debts.
@Robespierre
I suggest you read the book “When Money Dies” by Adam Furgusson. It goes into great detail the pressure placed on Germany by France following World War I. Raymond Poincaré walked out on Reperations talks as he wanted no fixed amount on the reperations, allowing France to up the bill whenever she saw fit meaning Germany effectively could be paying in perpetuity. When France was close to insolvency herself, German ports along the Rhine were occupied by The Allies under French instruction as part of sanctions laid out in the peace treaty.
Prime Minister Lloyd George was quoted as saying The French “can never make up their mind whether they want payment or whether they want the enjoyment of trampling on Germany, occupying the Ruhr, or taking some other military action.
It is quite clear they cannot have both.”
On April 27 1921, the Reperations Commission fixed German liabilites at 132,000 million gold marks. That’s GOLD marks.
When the gold was gone then Germany started to hyperinflate and they did that because their ability to trade with the rest of the world was severely hindered by the Versailles Treaty.
Read the book, you’ll see nice little quotes from Keynes stating that France wanted more than Germany could produce, even Einstein gets a word or two in on the matter.
Then we come to the present day. I see a lot of German bashing here and I see a lot of UK bashing, and for the most part they are justified. But let’s not forget that a large part of this mess is down to French banks being massively overloaded with southern european debt that is being marked-to-bullshit to stop banks such as Credit Agricole, BNP Paribas and Societe General from going under and taking France with them. Tell me, who took the haircuts on Greek bonds last year? It wasn’t the large banks that hold that debt, they are still being paid in full. Tell me who are the majority holders of that debt? French banks.