You could buy lots of "building
type" property with little or no money of your own.
In
other words, you could purchase family homes (for
example) -- dozens of them possibly -- with
debt!!
====================
"Misused
Leverage": The Primary Weapon of Financial Mass
Destructionby Kyna Mon Mar 02,
2009 11:43
Behind all the
"smoke-and-mirrors" type terms such as "derivatives," "hedge
funds", "financial instruments," and so on, the really potent
and fundamental weapon of financial mass destruction is:
"misused leverage".
Contrary to what a great
many people have very skilfully been hoodwinked into
believing, "money" is not a commodity in limited supply: not
by any stretch of the imagination; and, this is clearly
indicated by all the soothing talk (deeply worrying for many
of course) that we are at present hearing from leading
politicians about
"billions for banking
bailouts" being made available here, there and
everywhere all over the world -- and all coming from
NOWHERE apparently!!
"By its own brand of money
magic, the bank has created $90,000 out of thin air."
For a simple and straightforward
explanation of how such
"magic" is performed (by the
bankers), please see the Ezine article by
Dr Kalinda Rose
Stevenson (Adjunct Professor and Lecturer at various
schools of the Graduate Theological Union in Berkeley,
California) at:
http://ezinearticles.com/?How-Banks-Create-Money-Out-Of-Thin-Air&id=921796====================
The
above text has been copied from the following
Indymedia
(Ireland) location:
http://www.indymedia.ie/article/91351#comment246596
BACKUP COPY
at:
http://www.humanrightsireland.com/IndyMediaIreland/2March2009/Post.htm#comment246596
====================
Global Cesspit of
Corruption, Crime, and
Cover-Ups: "The Constitution has been
hijacked" (Registered letter to Prime Minister Brian Cowan
T.D. dated May 9th 2008):
http://www.humanrightsireland.com/PrimeMinisterCowen/9May2008/Email.htm
====================
"Garda (Police) Confidential"
Hotline:
http://www.humanrightsireland.com/GardaCommissionerFachtnaMurphy/22February2009/Email.htm====================
For
future reference purposes a copy of this
e-mail will later today be placed at the following
address:
http://www.humanrightsireland.com/PresidentBarackObama/2March2009/Email.htm
====================
Human Rights (Ireland):
http://www.humanrightsireland.com====================
