Rich bankers can today be exposed as a ­huge drain on society... ­costing the rest of us £8.40 for every £1 they produce.

http://www.facebook.com/KeiserReport

"" A study by think-tank the New Economics Foundation found the average banker destroys ­£42million a year in value while creating just £5million.

Meanwhile hospital cleaners on £6.26 an hour are worth £10 for every £1 they cost because they prevent superbugs, saving the economy a fortune.

The shock figures fly in the face of claims that bankers like Barclays boss Bob Diamond – paid £4.4million in 2010/11 – are worth vast ­bonuses because of their ­contribution to the economy.

Their drain on the country is caused by the cost of bailing out banks brought to their knees by the credit crunch and the ­devastating impact of the ­crisis their recklessness caused.

NEF found that tax ­accountants who help the rich cut their bill were even worse value, ­costing us £47 for every £1 they create.

Meanwhile low-paid public sector workers like nursery ­workers and bin men were found to more than earn their wages.

Helen Kersley from the NEF said: “We get a huge tax ­contribution from the City but it pales into insignificance next to the damage from the financial crisis in terms of unemployment, bailing out banks and leaving us with a massive public debt.”

Read more: http://www.mirror.co.uk/news/top-stories/2011/12/11/bankers-cost-each-one-of-us-8-40-for-every-1-they-produce-study-shows-115875-23626708/#ixzz1gMEqe1pP

he ridicules reply thefirst 8 minutes of this

http://www.youtube.com/watch?v=eforYw3mdL0&feature=youtu.be

geitner confirming..govts role in money
[what happend to sepperationm of powers?]

let capitalists run capitalism

not capitalistic communism...
where govt bails out bankers.
.[by borrowing AT INTREST..from banks...lol

the fiat currency is on its way out
japan..[who holds little actual gold
is promising to underwrite... their bonds..*with gold..[half ounce]

this means..89,000 yen instead of 15,000 yen
see the future?

uk has 1000% gdp..
[according to morgan stanley]
debt in the main...created..by bailing out the banks
lent from the banks/plus ursury]...stop sleeping and wake up

and were worrying about the pigs plus?

thats just in the first 5 minutes

plus heaps more to catch up on
http://www.facebook.com/KeiserReport

BUT BEWARE...!
if facebook tells you you need an 'update'
go directly to the *you tube link option
...do not get their upgrade

my computers acting funny
and the upgrade even didnt allow the vidio to play

so dirty trickster's
want to keep secrets

oh well stuff em
they are going to 'get theirs'
both here now plus in eternity

Classic bank-bashing stuff, one under god. And totally meaningless, whichever way you look at it.

>>"A study by think-tank the New Economics Foundation found the average banker destroys ­£42million a year in value while creating just £5million."<<

You like sensational headlines, we know that. But I've noticed that you never like to refer to the source document.

Well, I myself always prefer to use the source material. Here it is, in all its "glory", in .pdf form.

http://www.neweconomics.org/sites/neweconomics.org/files/A_Bit_Rich.pdf

The methodology they use is not particularly scientific, which is hardly surprising.

"Our model assumes that the financial crisis and recession would not have happened were it not for highly paid City bankers and traders engaging in extremely risky, opaque and complex transactions. We attributed the entire measurable loss to the UK’s economy and public finances to an elite few thousand very highly paid financiers"

For a start, the study does not claim that these are "average bankers". In fact, they specifically call them "the elite". It then proceeds to allocate "the entire measurable loss to the UK’s economy and public finances" to these folk.

Sounds very much like a beat-up to me. They chose a particularly loss-laden timeslice, and a small subset of the banking profession among whom to divide those "losses". And then pretended to be shocked at the result.

And you buy into it. Hook, line, sinker, rod and copy of "Angling Times"...

>>The shock figures fly in the face of claims...<<

Of course, the numbers would be far more "shocking" if they had attributed all the losses to Gordon Brown. Makes just as much sense, statistically. And probably much closer to reality.

It's all designed, quite clearly, to appeal to anyone who is happy to accept at face value anything that they are too lazy, or simply disinclined, to examine for themselves.

Ring any bells, one under god?

Over the past month we have been closely documenting a major funding squeeze in the all important shadow economy - the "synthetic liquidity" conduit which far more than traditional sources of cash, has become all important for proper bank functioning over the past decade. Courtesy of adverse development in Europe, one by one various components of this unregulated funding scheme have become frozen necessitating the first of many central bank interventions on November 30 to provide liquidity to global banks, primarily to offset such shadow conduits as locked up commercial paper, repo and money markets.
http://www.zerohedge.com/news/did-fed-quietly-bail-out-bank-tuesday

real gold
real silver
not paper promises

why?
http://jessescrossroadscafe.blogspot.com/2011/12/attempt-to-seize-and-liquidate-customer.html

Keep working on it, one under god. Enlightenment will no doubt arrive at some point.

Your note on gold and silver deserves some attention. Here's your mate Mises on the subject:

http://mises.org/money/2s12.asp

But as your link points out, what happens when the warehouse goes bust? Present laws say that the bankrupt assets are pooled, which puts the gold into the same bucket as the real estate, the office furniture and the computers. The "receipts" for x ounces of gold represent a share of that pool, and not the gold itself.

Oh dear.

The only answer would be to keep the gold yourself, I guess. How truly convenient that would be, eh.

But there is a deeper problem with Mises gold fantasy.

So the price of gold today is, say, $1,590 an ounce. Gold boosters say "hey, you ain't seen nuthin'; it's going to $2,000...!!"

Let's say it did. Would this be a good thing, or a bad thing?

If I price my product today at one ounce of gold, would you be prepared to pay that when the price of the metal reaches $2,000? As the supplier, how keen would I be to reduce the amount of gold I ask for my product?

The answer of course is that the $1,590 and the $2,000 are both notional prices, as solid and as reliable as the paper currency that you despise so much - which in fact is what the $1,590 and the $2,000 are actually translated into, for the purposes of the transaction.

As I have said many times, one under god, if you want to understand... follow the money. And in the case of gold, try starting at the gold mine, and working forwards.

oh peri..i do love your loyalty
but mate if i give you a bar of gold or silver
[or ten golden rings]..to protect AND [keep safe]..for me

we have created an act of bailment
formed a trust...[if i give you 10 gold rings to mind for me
i expect you will in time..JUST give me back my rings..

[no extra rings..just the ten
i paid fees to you..to protect

look richard says it better than i can
in only 350 word limiations

http://poorrichards-blog.blogspot.com/2011/12/private-property-now-subject-to-seizure.html

but i know why you must defend tricky thieves
[the gold is gone][so they go arround the globe killing anyone who has tonnage of it..[like sadam insane..and gadafi...and like the gold 'lost' in building 7]

but heck mate
what wont they do to keep the scam going
[jfk got his when he went and signed into law pres order 11,110
so did ceaser when he issued his own gold coin;..with his face on it]

but mate more...too clever by half tricks...here
now its paypal..not trusting banks..!

january the bank runs begin
http://poorrichards-blog.blogspot.com/2011/12/stocking-up-for-doomsday-as-economists.html

but
who knows...right
http://whatreallyhappened.com/

its only paper..they can print off by the kilometer
for less than 7 cents a note[regardless of its face values]

http://www.alternet.org/investigations/153474/how_pay-pal_squeezes_merchants_with_unfair_and_likely_illegal_business_practices/

but mate..change the key word here
to bankers..

http://www.theage.com.au/opinion/society-and-culture/climate-sceptics-might-just-be-captive-to-basic-emotions-20111219-1p2hl.html

owning/controlling a heck of a lot of the globes assets
what they got to gain..IF YOU LOSE?