I tried to get £10,000 of my own money out of HSBC 9 years ago to tour Asia, they wanted to know why I wanted my own money, what I was spending it on, and said I had to go back 3 days later for it, I told them it was my money not theirs, and they paid it out there and then. I also said what I spend it on is nothing to do with a cashier in a bank.
If you let anyone walk over you they will, refuse to comply, it works for me bro.
RE: I will cover the meetings in Warsaw another day.
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I will cover the meetings in Warsaw another day.
hehe mate nowadays it will be more complicated to get it, sometimes these idiots don´t have opening hours around the day just in the morning one or two hours.
NOBODY needs those greedy gangsters they are more or less worthless ;)
When I lived in southern Spain for 6 months, 8 years ago, the bank opened for 2 hours, 9 - 11am, so yes, that is correct. Here some banks have electric doors and only let in 1 person at a time, revolving doors at that, so I keep large amounts of cash, silver and other precious metals, fuck em.
I once wanted to take out £2000 here in Polish zloty and they asked why, I said none of your business, my money, my life, nothing to do with you.
when I worked in Italy and there specially on the Island of Sicily we had these single entries in banks back in 2006 when we had one of our Holdings and several special purpose vehicle (SPV) over there, it was so boring they also got one or two armed security guys standing there, you couldn´t even get into without an appointment, and we had to aply for permission to withdraw cash with our creditcards before we could use them with Italian ATM´s and the ones in Cyprus.
Since I was born in a family of these jerks (Bankers) I hate these guys because I definately knew how these guys were ticking, I never enteredin that game on their side I prefer to step in on the opposite side and work against them (with their own methods).
...and believe me I never deposit one ounce in their vaults, I ever had own vaults in the homes or in our companies, in one of them we had a bigger one than these guys from the Deutsche Bank had in Frankfurt in Germany, we stored there our production metals which was in powders of Silver, Gold, Platinum, Paladium and Nickel, and our Cash too on more than 100m² ;)
And the best nobody where able to enter the facility without permisson from us (me because I was the MD), the whole building was bullet and explosive safe including all the windows, that was real fun ;)
Sounds interesting, how did it end?
hehe worse, we were screwed out from two major competitorsand get robbed our patents, so the company gets broke and bancrupt at least 7 years after starting like a rocket.
But hey we had filed a few weeks ago again some patents in the same field of operation with Hydrogen and the production process of it in a very efficent way, we hold back most of our know how because the patents where only 5% of the knowledge and you have to do countless trials to find out the right messuring and the correct way to arrange the steps, these guys also lose o lot of money and never come on the right path to do it our way. We´re still in the game !
Hehe, even when my personal loss was the biggest I ever had in my carrer because I invested most of my own money in it, if the Co would have paid all of my open salaries to meI would have nearly a 1/4 million € on hand ;) but wait no with the deduction from the freaks from the tax front it would only be less than 1/8 million €
We will see the topic is again a very hot one we had to find the right form to finance it to not get screwed again and that´s not easy because those kind of business needs huge amounts of money for the start and the first 3 years to operate it without having the need and pressure to bring in sales from the endproduct.
You never know hwat happends on the way when developing a product with new special features ;)
I'm surprised they handed it over. I heard once you put money into the bank it no longer belongs to you it belongs to them. You could have started a run on the bank and everyone knows they don't have enough money to actually give everyone theirs back. That's why they shut the doors lol.
I had way more than that in there, but even getting a small percent out makes them shudder, fractional reserve banking is insane, it was 10% they had to hold, it is 3% here in PL confirmed by a bank staff member a few months ago, 3% is ridiculous.
but this 10% is not their own money its more bookmoney they don´t get more than 1% at all and that also is clients funds, they don´t get own liquidity, they get it from the clients savings accounts, they count every penny in their own balance sheets as Equity not as a liability these guys are from day one on bancrupt !!!
But still squeeze out the last penny in interest with the loans they give to the clients.
That's because the interest is their only real money. Once the loan is paid off the loan is 'burned' so all they ever really had was that interest which WE earn for them. It's a ponzi scheme.
it´s the same kind of ponzi like the socialist social security system in my country of birth in Germany, this is just working on incoming new payments from the workers which were deducted directly from their income check in the company.
Actually we are in a stage with that where they are one and a half month behind the incoming funds so there is a deep black hole for 45 days wich is not backed, when this isn´t a ponzi then I don´t know what is one ;)
Thankyou so much for verifying. It is isn't it. Well said.
Its not. A basic ponzi scheme is old investors getting paid by new investors.
When you're extended credit the other party incurs a risk. The interest is basically that risk. The reason why people extend credit is to make a profit. It's economic incentive which motives people to take the risk, and that is nothing like a scheme or a fraud or ponzi.
Bank fraud and the fraud of international banking doesn't extend to all banking services.
well that´s not totally wrong but half way ;)
First I talked over there in my comment about the social security system in Germany that is a real ponzi because like you mentioned it above there are incoming payments that were hand over to the old pensioners imediately, so if they have more delay or no incomming payments from the new workers there will be a colapse of the system, I do expect that since the begining of the 90´s it still don´t happend because they prolong it with asking the cmopanies to yearly pay a few days earlier the social-security-part now we have to pay it for the coming salary (September) for the employees at the first working day of August so one month earlier !!!
If one compay had such payment terms (hence a payment one month in advance before the counterpart has delivered his work/part) they would be fined for that and also maybe get sued at court.
Now regarding to the credit task with the banks, a loan or credit is like you said correctly a risk (for both parties) not only for the bank.
The bank doesn´t have own money they used to deposit or show 1% of the credit amount to the central banks or another entity who lends them the money.
Than with that deposit they get 99% fresh money from the central bank so no own money in the game for the banks.
But those greedy freaks ask the counterpart who gets the loan from them for security in form of a registration of a land title if there is some property he owns, or in form of wage seizure, so there is zero risk for the bank, they write it of if not payed back and realize the collateral.
Their loss is just window dressing in the balance sheets.
But to bring it to the point: a credit as such isn´t a real ponzi that´s correct,
but the business what banks are doing in total is a ponzi because if nobody brings in fresh capital to the accounts, they can´t show without own risk to blow up the needed own deposit against the lenders institution (Central bank, privat bank), and when all peeps whom the bank owed money in their accounts ask for the return of their wealth they were bancrupt in the same second.
That´s when banks do freeze payments in cash at the counters or ATM´s, they ow you money and don´t give it to you because on their balance sheet this isn´t on the right side as liabillities it´s always mentioned on the side of equity.
Normally the client who is having an account for his employment income with the bank is the lender to the bank, he must be entitled to get interest ;)
But the banks managed to make you believe that you have to accept that it now is their money and they give it back when they want to not when you like to have it, and even worse they will ask you for the reason why you like to withraw your money its that stupid !
I´m running around in that business for more than 4 decades now, so believe me any interest-oriented system will fail sooner or later, history shows this very well.
"these guys are from day one on bankrupt !!!" The same as governments, banks and governments are both broke from day 1.
And? That doesn't mean anything. Even more, shouldn't you explain why that makes no difference, seeing that how it is doesn't make a difference is evidenced by virtue of their continued existence and power?
I do not feel the need to explain anything, if you want to feel free, free speech and all.
I can only try to change what is around me, where I reside, and that I am trying to do via cooperation not coercion.
You said they are broke, bankrupt, I asked you to explain why or how it matters. You don't "feel" the need to back up your rhetoric with actual rhetoric. You give me the feel to do so.
Let me guess, I offended your feels with my to the point question.
hehe yes indeed, we don´t need both of them really it´s only shit coming out of ;)
Also by the same author, A Modest Enquiry into the Nature and Necessity of Paper Money
...depends on which side you are sitting, from the side of the bank you don´t need it, they like it more electronicaly by bits and bytes so zero and one there is no need for cash, you can´t block it ;)
From the clients side there might be the need for it,but you also can use any other method of exchange for goods or services, like a non state issued crypto like BTC
Not if the other person won't accept it.
Read the Declaration of Independence.
hehe, the Declaration of Independence has no meaning to me, I am German and I am talking about this system, or the one in Britain, Italy in Cyprus and Spain there I am fit.
It spells out the most basic fundamentals of governance, why it is created and how, I guess in Germany that doesn't exist, or in Spain.
Good video for you buddy