Boost growth by penalizing savings?

Current Economy and Sustainable Development-compatible? GDP growth (at all costs), economic development, inflation ... How concillier the current economy with the environment and sustainable development.
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Remundo
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by Remundo » 05/10/08, 14:44

For the video, it looked like your videos from éconoTV, and then the title Bankster completely misled me because I know that you are a follower of the expression ... :P

Excessive credit (in the sense that they are untenable for the borrower), is not the solution; that's what the US does and we see the result. Another problem is that at some point there must be enough capital to lend. The Ricans are screwing up their reserves and US credit is likely to be very tight, the more so as the American culture is strongly anchored in the loan and the permanent debt.

The fundamental problem of the financial crisis we are going through is that the banks have left their role: they have become digital monsters manufacturing products of insane complexity and disconnected from the production of concrete wealth: warrants, funds of funds, speculative products, ratchet life insurance with% tage of the largest increases and decreases ...

No saver knows in what sector he invests when he takes out life insurance or what it will bring him: even the "advisor" (who is only a pale, unconscious underling) does not know: he is fresh out of her BTS sales force and is happy to wear a tie while having gullible customers sign papers.

The casino stock market is only a mirage even for banks that would do well to refocus on their fundamentals: deposit collection and credit to individuals and businesses. And that's all.
Do not forget that taking a loan is above all lowering your purchasing power !!

it is debatable ... it depends on the rate. If it's a consumer loan at 18% TEG (and it's common "currency"), it's a scam.

If it is for a production plant at 8% yield with a rate of 4%, or else a rental at 4% yield with a loan at 3,5%, the power of purchase is increased and there is even constitution of a patrimony.

I understand your point of view and finally, I believe that mine is not that far apart.

Our only point of disagreement may lie in the necessity or ineligibility of interest.

@+
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Christophe
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by Christophe » 05/10/08, 14:44

It is not false Delnoram but all will not be put at the bottom of wool whereas currently, the situation (fear of the future) forces savings to a few miserable% of profitability ...

Is woolen stock really a French specificity?

In any case, no risk of bankruptcy of the woolen socks! Unless it burns or is stolen ... with the banks currently we can not say the same!
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by Remundo » 05/10/08, 14:52

Wool socks ... are the best way to lose money: in the face of monetary erosion of 3 to 4% / year, roughly inflation, the only way to maintain the value of your money is to place it at 3 or 4% / year in safe bonds or SICAVs.

And by the way, you allow others to start their activities. Money is nothing if it does not circulate and if it is not remunerated ...

Otherwise, nice Delnoram bridge! :D
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by Christophe » 05/10/08, 15:01

Remundo wrote:Wool socks ... are the best way to lose money: in the face of monetary erosion of 3 to 4% / year, roughly inflation, the only way to maintain the value of your money is to place it at 3 or 4% / year in safe bonds or SICAVs.


Ah ah ah I was waiting for him :) Lost Remundo because inflation is precisely created ... by interest on loans!

It's a vicious circle: the more money you put in the bank to "save", the more money they can lend (the famous reserve guarantee of 9 to 1) and therefore the more they lend (because the demand for loans is greater than the supply ), the more interest it creates, the more it devalues ​​the currency and therefore the higher the inflation and the less "interesting" your savings are ... It's bogus eh?

Remundo wrote:Money is nothing if it doesn't circulate


This is precisely what I mean and that does NOT ALLOW SAVINGS ...

Remundo wrote:and if he is not paid ...


Yuck is a copy / pasted from your banker tell me? Does that mean that the money in your checking account is nothing? Ok jpe get rid of it !! : Cheesy:

Circulating money creates far more wealth (in the GDP sense) than savings ...

But you guarantee usury then! Vil Sorcerer! You should be burned! : Mrgreen: : Mrgreen:

By the way, if bankers are so cool and are the only ones who allow development and growth: have you ever tried to ask your "nice" banker for money for your invention prototypes?
Last edited by Christophe the 05 / 10 / 08, 15: 03, 1 edited once.
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by gegyx » 05/10/08, 15:03

Come on, a little pub for my region ...


Should I be frowned upon or spotted? When I visited your region in July…

7.40 € the passage.

http://www.leviaducdemillau.com/divers/actualites.html
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by Christophe » 05/10/08, 15:09

Well speaking of the Viaduct it does not yet appear on Google Maps
http://maps.google.be/maps?q=viaduc+de+ ... 8&t=h&z=14

By cons the road appears !!

Are there flying cars in Millau?

: Mrgreen:
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by Remundo » 05/10/08, 15:14

And Gegyx, you just have to go through the small roads, you don't see anything of the bridge when you're on it and in addition you go too fast : Cheesy:

For Christophe: you have the choice between remunerating money and having inflation, (but at the same time turning the economy and creating wealth: productive (factory), housing and infrastructure (bridge, road, electricity, fibers optics) and not pay money and block the economy by blocking credit.

And as I said, those who do not want the system must finance themselves with equity or on an honorary loan, or create cooperatives. It is not forbidden, far from it ...
http://fr.wikipedia.org/wiki/Associatio ... %99honneur

Personally, I am in equity exclusively for SYCOMOREEN and I have no cash flow or "governance" problem: in other words, no one orders from me, especially not the bank... but not everyone can do this : Idea:
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by bpval » 05/10/08, 18:35

Hello

I intend to build
I found the ground
I made the plans of the house
And I pass the airlock of the bank
I submit my project to them

.....
It ticks ... It sub-commissions .... Hesitations, posturing
I insist (That's how it is written Christophe : Mrgreen: )

Good, transition to regional commission

In total, the project seems valid to them
The loan is granted ... M'ooouuuf

MY CREDIT LINE IS REGISTERED ON MY ACCOUNT

Call me GOD I created blur on a project

Good ... I have 7 days left to make it happen

And there I blow a little ... see you
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by bpval » 05/10/08, 18:43

Re

Project

Cool ... like all projects

Land search
Adaptation of the project to the black runway
Building permit
You haven't known Chris ... A REGAL ... Du Boris Vian with Kafka
Ha I still tighten my butt ... Outch !!!

But where do I come from ???

THE MONEY

Damn, I didn't have a single kid ...
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by bpval » 05/10/08, 18:53

Re

Bank Blessing

I start the work in a good mood and I cut down like Bucheron with his ax on a mountain bike

HE Guys don't take out the handkerchiefs the story ends BENE
I'am GOD .... (minus six points out of twelve for my purgatory for blasphemous line overstepping ... Fucking radar ////)

Mess, mess ... mess. It's good for morale

BUT and the Bank in all this ???

I come back to it, but long posts and long posts are annoying

To all
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