It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by hotel1
And will the thrifty who work hard and save money with the banks for their futures have this passed onto them by the banks, effectively being charged for being a saver. If that happens you might as well withdraw your money and spend frivolously.
Seemingly far-fetched I know but if this idea is pursued to its logical conclusion why not.
Originally posted by Power_Semi
Originally posted by hotel1
And will the thrifty who work hard and save money with the banks for their futures have this passed onto them by the banks, effectively being charged for being a saver. If that happens you might as well withdraw your money and spend frivolously.
Seemingly far-fetched I know but if this idea is pursued to its logical conclusion why not.
That, I think is the intended by-product.
The banks will if they get charged cut savings rates and try to claw more money out of their customers, so it'll be a bit of a gain on one hand for the economy, and a big slap in the chops with the other as overstretched citizens get whalloped some more.
They just want every £Pound in the country flowing backwards and forwards through the tills.
Instructions
1
Carefully check the time conditions in the Icelandic Nationality Act to ensure you have spent enough time in Iceland to qualify to apply for citizenship. Single foreign nationals will have needed to live in Iceland for seven years, while foreign nationals married to an Icelandic citizen will only need to have resided in Iceland for three years after the marriage.
2
Secure at least two testimonials from former employers. These testimonials should discuss your suitability for citizenship, your work ethic, and your ability to support yourself as a citizen. Be sure to have several signed original copies of these documents in your files in case you need to present them to more than one official. Also secure any tax documents you may be missing from your employers.
3
Register for and take the Icelandic citizenship exam. This exam is administered twice a year, to demonstrate you have a working knowledge of the Icelandic language and the history of Iceland. If this test would somehow be unfair to you, due to disability or other mitigating factor, you should contact the Ministry of Justice and Human Rights, which will work with you on this issue.
4
Review any special requirements with the Ministry of Justice and Human Rights, and then present all necessary materials, such as the testimonials and tax records of your time in Iceland, to the ministry for review. Retain copies of these documents in case you need to present them again. It may take several months before you hear from the Ministry.
Originally posted by crankyoldman
INSANITY!
Ponder what is being said here:
The BOE is saying the only way to solve the problem of too much debt is to PUT PEOPLE IN DEEPER DEBT! - INSANITY!!!
The BOE, which has created the problems in the first place, is offering a solution the problems they themselves created! - INSANITY!!!
The BOE does NOT loan out it's cash, it uses it's cash to PRINT money based on the cash it holds, along the order of 1000-1, so the BOE is saying the best way to solve a problem is to LEVERAGE the cash/deposit itself by forcing banks into LOANING IT OUT! - INSANITY!
The BOE is saying, "the way to solve the problem we have created, though the insane exploitation of the thoroughly reprehensible fiat currency system is to simply put everyone deeper into debt, thereby creating a greater need for our product - debt notes, thereby solving our problem." INSANITY, INSANITY.
Now, the only caveat I would add is that in a closed fiat currency system, one that is not predicated on CDS, Naked Short Selling, leverage etc. they prospect is not totally without merit, but in the hands of the madmen who created this global casino reality where, BY LAW, all losses are handed down to the 99%, their suggestion is insanity. - INSANITY!
Remember, when a loan is printed by the BOE, the Compounded Interest is NOT printed. So, when you borrow 100, and owe 300 back, ask yourself; "where does the extra 200 come from?" - INSANITY!