posted on Sep, 27 2008 @ 06:21 AM
I think it is all a numbers game anyway played by money merchants. The amounts of money that they play around with; I believe doesn't really exist on
paper (paper money).
I don't know where the amounts of money that move actually exists. They are now using the word trillions of dollars/ pounds? If in fact, all this
money really existed then there should be no homeless, poor, or hungry people in the world.
So to me, it is pointless to make a run on a bank, when they just make up the numbers to cause confusion and manipulate the populace at large.
I have witnessed people behaving erratically,when the money merchants toy with the public. I have seen panic spending on items such as bread,
petrol,etc. Then I have seen people after being told the economy is healthy spend, spend, spend. Then when the money merchants proclaim that they are
facing financial difficulty-they know people are going to make a run on their banks.
It all comes down to control, control, control.
I watched a programme about the financial crisis, and three keywords I told my husband to listen for from the panel came into play.I told him that
those key words proved that it is all a game.
One of the panelists even admitted it blatantly, but nobody added to his comment, and no doubt the majority of the public didn't pick up on what was
said, as the other panellists were playing the panic game to the hilt, which meant that the panellist, who admitted the truth comment was made
It is all about control and manipulation. I don't buy into the scaremongering.
Somebody tried to put a rumour around that my building society was going into liguidation. It was false, and some people, along with the person that
started the rumour had fell into the trap. He got so panicked by the propraganda pouring out on the television that he was convinced that the building
was going to go the way of Northern Rock.
I checked my building society out on the London Stock Exchange and I found out it was perfectly sound and rated at the top, as being the best
investment company in the country to date.
Despite, we have some money in the building society less than £500. Our building society classes us as shareholders,and had that been the case, we
would have been notified in writing about the threat of liquidation.
Personally, I don't buy into the propraganda machine that is on the telly, and in the newspapers.
I live one day at a time,and leave the rest to G-d. Life is too short to panic at every news story on air, or online,or telly.
I have a loan that is almost paid up to date, which will be finished in 2009. My credit rating is high, and I pay cash for everything. I don't have a
credit card, but have built up my credit rating without one.
As for Lloyds, they allowed £350 of my money to be stolen from my account through a debit card that fell into somebody else's hands in London. I
live in Norwich. The card never ever came to me. It turned out that Lloyds owed me £750.00 which they refuse to pay back on bank charges, on which
some of those charges incurred because of the theft that they allowed on my account.
So when it comes to financial institutions, big isn't always better. I am happy with my building society and am glad to be one of their customers.
It is the Norwich and Peterborough here in the UK, and it makes Lloyd look like a greedy money merchant. The N&P look out for their customers, and
their staff know their customers faces to speak to and know their voices over the phone.
Also, I know that if their was a theft on my account that they would rectify the problem. Lloyds looked at our account, before they looked at us.
I like a financial institution that treats me like I am important, regardless of how much money I have coming in.
It seems strange that Lloyds had to bail out Halifax. Lloyds merged with TSB, and now with HBOS, and Halifax. Lloyds is going to become too big like
Merrill Lynch and will probably end up going the same way. It seems to me that these large finance companies get so big that they don't know what
their other hand is doing.
Give me a building society anyday, and before you make a run on your bank. Research the bank online, ring the headquarters, and keep an eye on your
Don't react immediately when the Henny Penny's of the press, or media say the sky is falling. Just remain calm and check out the facts, once you
know the facts and have the information in front of you, then it is up to you to decide what to do with it.
Besides, those at the top of the financial ladder have further to fall then those of us at the bottom.