It’s called ‘inside money’

Bank of England Admits that Loans Come FIRST … and Deposits FOLLOW

All of it is a liability. All of it.

https://en.wikipedia.org/wiki/Inside_money

In monetary economicsinside money is money issued by private intermediaries (i.e. commercial banks) in the form of debt (credit).[1] This money is typically in the form of demand deposits or other deposits, and hence is part of the money supply. The money, which is an asset of the depositor but coincides with a liability of the bank, is inside money.[2]

Inside money is thus a liability (equivalently a negative asset) to the issuer, so the net amount of assets associated with inside money in an economy is zero. Most money circulating in a modern economy is inside money.[3]

There’s no such thing as a rich person. They just have a bigger credit line.

Be jealous, people, they’re allowed to get in more debt!

Even the banks aren’t rich, the money is a debt, a huge liability created by nothing, no value of labour behind it, aka fountain pen money.

O mountain of Mine in the countryside, I will give over your wealth and all your treasures for booty, Your high places for sin throughout your borders.

And you will, even of yourself, let go of your inheritance That I gave you; And I will make you serve your enemies In the land which you do not know; For you have kindled a fire in My anger Which will burn forever.

Thus says the LORD, “Cursed is the man who trusts in mankind And makes flesh his strength, And whose heart turns away from the LORD.

For he will be like a bush in the desert And will not see when prosperity comes, But will live in stony wastes in the wilderness, A land of salt without inhabitant.

https://biblehub.com/jeremiah/17.htm

Rely on yourself.

“Blessed is the man who trusts in the LORD And whose trust is the LORD.

“For he will be like a tree planted by the water, That extends its roots by a stream And will not fear when the heat comes; But its leaves will be green, And it will not be anxious in a year of drought Nor cease to yield fruit.

…”I, the LORD, search the heart, I test the mind, Even to give to each man according to his ways, According to the results of his deeds.

As the great philosopher Britney said, you better work, bitch.

Not for the Banks, not for Amex, for yourself.

“As a partridge that hatches eggs which it has not laid, So is he who makes a fortune, but unjustly; In the midst of his days it will forsake him, And in the end he will be a fool.”

You are not rich because you cucked enough for The Bank (central) to give you more zeros.

It’s an empty parking space and you’re claiming a car. An invisible car you cannot drive.

Might as well claim prime real estate circling the moon designed like a teapot.

If you are incredulous about the system, you understand it.

Rich people, the Rich, the 1%, don’t exist.

The Emperor has no clothes.

Do not be a terror to me; You are my refuge in the day of disaster.

Let those who persecute me be put to shame, but as for me, let me not be put to shame; Let them be dismayed, but let me not be dismayed. Bring on them a day of disaster, And crush them with twofold destruction!

Stock traders have IOUs. Paper you can burn, digital is a poxy etch a sketch in 4k.

Riches are your value, your labour, your worth. What you can DO.

How many rich people can clean a toilet? What is their net worth?

Many of them don’t realise this (Birkin lovers) but the top tier (Rothschilds etc) do.

They waste decades of life to pay fealty taxes for a box.

They were too cheap to install walls and cheaped out with white paint too.

Lead paint is white. You breathe it in. It also glazes that Chinese teapot.

White glazed Ikea table, fast furniture? Lead paint. Any cheap white paint (from China) used in your home on anything. Lead. You didn’t plan on having kids, right?

Kiss the ring of modernism, tastes like cancer.

It’s cheap because it asks for your soul.

We willingly trade our value for their paper, their zeroes, their system.

Who has the value here? Really? If we all downed tools, who would we notice missing?

Why was Cromwell’s corpse dug up and dragged through the street?

Why did England briefly and successfully use sticks as currency?

Does the Bank of England belong to the English People?

If we twig, if the penny drops and we figure it out, are they rich?

Are they really?

The car that needs a mechanic, the house that needs a plumber, the inept parents who need a nanny, the kid who needs a tutor, the computer that needs a nerd. The home owner who can’t use their own kitchen and needs a chef.

They’re useless children without the workers.

HELPLESS.

If we reject inflation as a tax on producers of society by merchants, what can they do?

Force us to work? Nope.

That’s why they need to keep you distracted, desperate and hungry, fearful of the next meal.

You don’t have to become poorer every year.

That’s their system. It’s the illusion, mirage you work for that gives them power.

Consider, an income of zero, could a rich person live off that? Naturally.

They don’t need Money IN, they’re rich!

Wait, they can’t afford a year’s worth of property, car, school tax etc. without fresh income?

What does rich mean, then?

It’s a system of illusion supported by modernism. It’s temporary.

See:

https://disenchantedscholar.wordpress.com/2014/05/01/seeing-the-future-on-economy-culture-decline/

Fucking CALLED IT.

song at 23:10, watch at 2x speed

UK K-shift

I’ve never posted exact numbers, have I?

Let me show you your debt slavery.

https://www.ukpublicspending.co.uk/breakdown

70% extra taxes – the going rate for dysgenics. Oh, you’re paying for it.

45% top tax rate not including other stuff.

I include the calculations for the morons who’ll dispute maths.

70*0.45 = 31.5%

over a third of your time working is slaving away for people who don’t want to.

Like we do?

Sorry Susan, we’re not supporting your ability to watch Loose Women and bitch about your grandkids. Tough titties that you paid for wine and cruises over retirement savings. Guess you should’ve thought about that when you voted for Labour without waver the past half a century.

But wait, there’s more!

There’s a reason I’m so optimistic this country will literally run out of shekels before we can be replaced fully.

Millennial exhaustion!

Plan on a 50 year ‘career’?

50*.315

15.75 years working like a slave because Barry the Boomer won’t get off his arse.

That’s right.

I am this way because of statistics and facts.

I crunched the numbers one day and the results were in, literally Hitler.

Can you use a calculator? When did you decide to become a shitlord?

Go Galt and grow your own food, you won’t eat litres of pesticide per year and you’ll have saved more money than if you ‘worked’ and got taxed to pay for food that will also be taxed. While supporting the EU. Where the companies are taxed. However, if you can get the fruit of their labour on steep sale, dehydrators are worth the money plus free seeds.

https://tomclothier.hort.net/page05.html

Also great for making bar fruit.

Better food, less money, more free time. Problem?

Look at every expense necessary for life like this. Through the filters of time and tax.

Do not fund your own replacement.

Now you catch my drift, back to UK official stats.

https://www.ukpublicspending.co.uk/spending_chart_2010_4UKb_00t
Yes, this is sustainable waste.
https://www.ukpublicspending.co.uk/year_spending_2020UKbt_17bc1n_001040#ukgs302

Don’t look at the statistics.

https://www.ukpublicspending.co.uk/uk_national_debt_analysis
It’s immigrants, but blame the economy. For the economy.

“In 2005 the UK National Debt was less that £0.5 trillion.

But then came the worldwide financial crisis of 2008 and subsequent recession.

The National Debt increased rapidly and went over £1 trillion in 2011 and over £1.5 trillion in 2016. At the end of March 2019 the National Debt was £1.80 trillion.

Obviously, they can’t do that again.

+50% in five years? Under the Tories? Fucking really?

11 years of total immigration flood, tripled national debt. Complete coincidence.

(Net immigration means nothing).

Odious debt must be repudiated. Exit tax the immvaders. Good enough for CA.

In terms of Gross Domestic Product the UK National Debt in 2005 was about 38 percent of GDP.

But in the last ten years, in the wake of the Crash of 2008 and subsequent recession, the National has doubled to over 80 percent GDP, but is leveling out as a percent of GDP. At the end of March 2019 the National Debt was 84.6 percent of GDP.”

Thanks, Labour! Commies ruin economies.

And this is what they claim as debt, not the full sum.

As previously stated, we’re screwed.

https://disenchantedscholar.wordpress.com/2018/04/25/we-are-totally-fucked/

Plus, at around 90% GDP drops anyway (known economic effect) because the populace strangely isn’t as productive…….

Huh.

Turns out THIS is our socialist utopia.

War-time debt/GDP, what kinda war do you call this?

https://www.ukpublicspending.co.uk/rev/google_vis.php?title=Total%20Debt%20As%20Percent%20GDP&year=2006_2019&sname=&units=p&bar=1&stack=1&size=800_600&spending0=36.67_37.25_38.86_49.14_65.47_72.01_75.90_79.75_82.17_83.69_83.73_86.72_86.17_84.60&legend=Public%20Net%20Debt-total&source=a_a_a_a_a_a_a_a_a_a_a_a_a_a


Austerity is a hilarious myth.

It’s right fucking there.

And note: 2009 debt/GDP is still under 50%, don’t blame Muh Recession.

Pensions are welfare, at least a UBI wouldn’t be ageist. It isn’t a military pension, you don’t earn national funds by existing. Breathing for 60 solar rotations isn’t a qualification.

Young people can’t marry, move out, have kids, because lazy bastards didn’t want to work for the last 40 years of their life, preferring to abort their kids or make immigrants pay for them. We all literally know people who’ve been retired longer than they worked, fiscally impossible to justify.

One lazy generation who didn’t even fight a war for us is disabling the future existence of our people and culture.

When the Boomers pass, this shitshow will really get on the road.

Yang exploits the welfare cliff

He knows this. By trapping people in the nanny state, the parasite owns the host.
Predicted Chapter 2, Enjoy the Decline. Old copy, sorry.
UBI is a trap baited with your own flesh.

Asian collectivism is state slavery.

This is their doom, genetically, the West is individualistic, this is why we outcompeted them for millennia.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2894685/

As long as we choose to resist and be free.

Look into the corrupt shell companies claiming property ownership in the West. Reject them.

HBD has proven in studies that chromosomes dictate culture. Do not permit collectivists to live here.

No, no exceptions. No such thing as a good Trojan horse. Still an invader.

The illusion of Star Trek infinite resources is just that. The State cannot pay for your luxury.

The producers always pay, it’s utterly dysgenic.

Paying the out-group or low IQ to breed is genocidal. 100IQ license for both parents to have any state support of your childbearing. Have kids below that, but don’t expect taxpayers to fund people who aren’t even average.

That money belongs to the germline who earned it to have their own children.

Taking it directly prevents births and family foundation – c

d – transfer of wealth from earners to state breeders/sponsored voters

Video: Crash-causing debt

A jubilee is a bailout of bad investors, fuck ’em. Everyone has a sob story, equal outcomes is still cancer.

Screw the stupid, not responsible. They deserve to suffer.

Greedy people suffering poverty is FAIR. There’s deserving poor. Social mobility must be allowed to also go down to ever recover the society. Middle-class people who ‘resent’ slipping down shouldn’t have bought cliche Hermes belts and tacky Gucci slippers.

Meritocracy – the greedy fools lose their shorts. And if they were so smart, they’d be fine with slipping down knowing it wasn’t just luck and they could make it back, right?

The average cannot bail out low IQ and it shouldn’t have to.

Someone’s labour would be devalued. That’s slavery. Pay the piper.

I wanna buy a sportscar. I don’t. Why? First, I’m not a man so there’s no phallic inferiority complex going on but generally, it’s because I am not a thief. I refuse to get into debt dishonestly. Old-fashioned I know. It just seems like a bad idea. Jeremiah 17:11.

Likewise, by contrast I know people, lots of people otherwise sane, who are running up huge allowance credit cards assuming their parents will ‘help’ them buy a house to get grandkids or that they’ll definitely get their dream job and promotion. Lumping in the reckless with the responsible will breed resentment. Idiots only learn the hard way.

Every time they see me not doing this, struggling like young people are supposed to, they’re really smug about their ‘cunning plan’.

It’s literally most people under 30 I’ve ever met. EVER.

Every country, every occupation, every industry, every class bracket, every income level.

EVAAAAAAAAH. Consider the scope of that. People triple their age do it too. It’s the New Normal.

They all have the same fucking ‘genius’. You cannot talk them out of it.

They’re “not like other investors” TM. Every one of them is that arrogant.

It’s like fiscal Jesus is gonna rapture them out of debt, it’s creeping me out.

Magical thinking in the worst possible place. It’s impossible at this point, post-70-80s.

At this point I’m scared to bring it up. They attack like hyenas if you suggest the Government isn’t omnipotent like God and can’t spare you the Hell of responsibility for your own credit card purchases on shoes, be they Louboutins (painful) or Nikes (break).

They vote like rich celebrity assholes because they think they’ll be bailed out like rich celebrity assholes.

This cannot end pleasantly for them. They must learn the short term game ends in loss, long-term.

You have to let them fail now. Yes, even the Boomers. You’re WAY too old to claim ignorance.

When you’ve been doing the same infantile bullshit for over half a CENTURY, it isn’t really a ‘mistake’.

I take my lumps now and push ahead with less so I don’t have to do it old, ill and with less ability to recover. That’s natural law. You can’t circumvent another person who pissed their life away doing the easy thing every time. There’s no rewind button to circumvent those consequences of immoral choice. You can’t reverse decades of selfish stupidity bearing rotten fruit. You had your fun, for years. You spent while others saved. It’s winter now, you starve.

There aren’t enough beach-houses to go around. What everyone on the planet feels entitled to, it’s impossible to dole out equally.

You cannot cover arse for shitty time preference. It leaves someone else out in the cold.

I’m tired of the musical chairs dance. Yet I get it. I truly do.

They took the ending of Fight Club a little too literally. Wiping the slate won’t bring down the high IQ or raise the low IQ, it won’t make the fat thin and the thin less vegan, it won’t end Third World wars and it won’t be a magical blowjob machine of financial utopia. It doesn’t raise the dead who voted in the race and immigration melting pot shit so we can kick ’em (although the Cromwell treatment is on the table). It’s just nothingness.

Most of the Millennial “socialists” are like (90+%) actually of the Cloward-Piven let-it-burn motherfuckers school.

If you actually talked to them. “What if socialism fails and the economy collapses?”

They’re HAPPY about it, it’s spiteful on purpose. That’s a feature, NOT a bug.

If ‘paying dues’ gets you screwed. All Gen Y/Z heard from the conceited Boomers was, “you gotta pay your dues, you gotta pay your dues, you gotta pay your dues” well now we’re the major voting bloc it’s “you first”.

We’re not letting you take it with you. This is across left/right, we all agree.

It’s the last-ditch attempt to cut out the cancer of the corrupt.

They made us poor, …let’s return the favour.

Hey, the hippies loved to lecture us on the Golden Rule.

How do you hurt a rich person Trading Places logic.

Fix it or we break it even more.

Champagne socialists lying about socialism part

https://www.bbc.co.uk/news/business-48213333
As I predicted.

Some millennials have unrealistic expectations of inheritance and how it may unlock the door to buying a first home, a survey suggests.

They’re planning money they don’t have on something they don’t need?

Pfft.

They don’t want kids? Do you really need to own the white box packed with Ikea furniture?

One in seven young adults expect to inherit money before they are 35, although in reality the typical inheritance age is between 55 and 64.

If your parents aren’t Boomers with party animal health.

The survey, by wealth manager Charles Stanley, suggested that young people expected to receive nearly £130,000.

That’ll buy you a cupboard, Harry.

However, the median average amount handed down was only £11,000.

Minus Sharia tax.

Immigrants themselves will have to divvy between all twelve close family and thirty distant.

Fiver each if they count cousins. You never know how many cousins you have until there’s a funeral.

Advisers said that relying on an inheritance to pay a deposit for a first home was often misguided, even if older family members intended to pass on money when they died.

“People are living longer than ever, so relying on an inheritance to get on the housing ladder is a risky strategy as you may get less, and much later than planned,” said John Porteous, from Charles Stanley.

Trans. : Fuck-all.

“In reality, most people save and invest to get on the housing ladder. Starting early and planning ahead is essential to achieving the deposit you need.”

Your lazy credit-munching ways are genetic, really?

If only we had a digit metric of this!

Did your tutors call you smart? Did you go to forest fun camp? Were you told you were better than other kids and had so much ‘potential’?

They tell that to all the kids.

“Lie to children.”

The research suggested that 22% of millennials expected to receive inheritance to use as a deposit, although official statistics suggest only 7% actually did so.

By the time they get it they’ll afford a drawer.

The Russians have infinity money to bid.

Root out corruption in the shell game of foreign property ownership.

The average expectation of when that inheritance would be received was the age of 50, yet figures from the Office for National Statistics (ONS) show that they would have to wait for at least another five years.

Even when that money arrived, ONS data showed that inheritance was much less lucrative than many asked in the survey expected.

I can understand if you want money to live but if you want festival gibs and a picket fence, nah fam.

This isn’t the 1950s you hate on.

Others in the industry have argued that the UK public is “largely ignoring” financial planning for death.

Dan Garrett, founder of will writing service Farewill, said that 30 million people in the UK had not written a will, partly because it had dropped down the household “to do” list.

He also called on the government to clarify its plans for probate fees.

The government is planning to substantially increase the cost to bereaved families of settling the estates of deceased relatives.

The changes were expected to start last month but have been delayed.

Track record of failure

Deutsche Bank’s Crisis Will Likely Lead To U.S. and Global Banking Crisis

“What is troubling and indeed significant for American policy makers, however, is the nearly complete failure of our friends in Europe to address their banking sector, either in terms of cleaning up bad assets or raising capital to enable the cleanup.”

Yeah, blame us.

America’s the strongest economy in the world until something goes wrong, then it’s all European’s fault.

“Sadly the HNA equity investment in Deutsche Bank was financed with a lot of debt. When the Chinese firm started to literally implode two years ago due to massive debt payments on its $40 billion in obligations,

sign of strength, of course

I deploy information in a timely manner.

it began to sell its shares in Deutsche Bank, creating the latest crisis for the chronically underperforming bank. Today HNA is being liquidated under the supervision of the Chinese government. And to this day, nobody among United States or European bank regulators really knows who owns the company that was briefly the largest shareholder of Deutsche Bank The setback with HNA led to discussions of merging Deutsche Bank with Germany’s Commerbank, another poor performer among the country’s banking sector.

Commiebank, am I right?

Because two failures make a success!

Again, German politicians led by Chancellor Angela Merkel refuse to even hint at public assistance for Deutsche Bank, but the mounting troubles with banks across Europe may force Merkel’s hand as it has in Italy.”…

Maybe.

If only we’d voted to leave the EU and could hard exit at any time.

Good luck coming after us with that timing.

No bureaucracy …for a thing that doesn’t exist.

Irish Exit the UK from the EU.