Bail-in is the next bailout

https://www.thebalance.com/what-is-a-bail-in-and-how-does-it-work-1979089

like UBI is the next QE.

Because hyperinflation is evil unless given to the People.

All those goy coddling their FANG portfolio will get a nasty shock.

Couldn’t happen to nicer atheists.

Doubt me? Laws are already in place in America and ‘deposits’ to banks are only covered (per banking license) by the UK government up to about £70k in this country, in case of bank failure. That wouldn’t even cover a mortgage on a shoebox.

I’ve been doing my research. Rich people aren’t real.

Cyprus seized savings.

https://www.usatoday.com/story/money/business/2013/07/29/bank-of-cyprus-depositors-lose-savings/2595837/

47.5%. One bank, one fell swoop.

If a thief dresses in a suit and calls himself a banker, the victims will come to him and just give him everything.

That is the King you pay fealty to, no Christian. You don’t curtsy, but you are legally obliged to queue up and pay the bankers.

Usury is a sin. Not just the lending side. Thou shalt not steal.

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

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.

Bank deposits caused by banks

https://washingtonsblog.com/2014/03/bank-england-admits-loans-come-first-deposits-follow.html

Money creation.

“Money” not value or productivity.

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf

Monopoly has fewer IOUs.

Broad money is a measure of the total amount of money held by households and companies in the economy. Broad money is made up of bank deposits — which are essentially IOUs from commercial banks to households and companies — and currency — mostly IOUs from the central bank. Of the two types of broad money, bank deposits make up the vast majority — 97% of the amount currently in circulation. And in the modern economy, those bank deposits are mostly created by commercial banks themselves.

***

Commercial banks create money, in the form of bank deposits, by making new loans.

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

The immigrants and foreigners in Buy to Let have gotta be my favourite.

Yes, give the nice Yiddish man your shorts. They want to make you “easy money” at their expense.

This description of money creation contrasts with the notion that banks can only lend out pre-existing money, outlined in the previous section. Bank deposits are simply a record of how much the bank itself owes its customers. So they are a liability of the bank, not an asset that could be lent out. A related misconception is that banks can lend out their reserves. Reserves can only be lent between banks, since consumers do not have access to reserves accounts at the Bank of England.

The Muslims thinking they’ve robbed us will get a nasty shock.

Those weren’t smiling white people.

Nobody screws the Jew. N O B O D Y.