It can often be not much more ? than you're simply the next door neighbour of a country that's currently in trouble. Many of the world's financial crises ? in the past thirty years have been caused by rapid withdrawals of a nation's currency or the currencies of an entire region.
The system is designed to make certain people very rich at the expense of a nation's citizens and tax payers. The system lowers the standard of living of the majority and distributes this wealth amongst the privileged. So what we are left with is a financial system, since the early 70s, that has no fixed exchange rates, that suddenly has increasingly open financial borders, that has central banks having to manage without having any control because there's nothing here where the gold used to be.
But it's not that there's someone behind the scenes pulling the strings. This is how things work. Quite deliberately, overtly, in front of you. That's the world as it is. It is making some people very rich. They're quite happy with it.
In the 1840s they pushed it just a little bit too far and that caused inflation, destabilised the economy.
So in 1844, the Conservative Government of Robert Peel actually passed a law that took the power to create money away from the commercial banks and brought it back to the state.
So since then the Bank of England has been the only organisation authorised to create paper notes.
Since then everything has gone digital and what we now use as money is the digital numbers that commercial banks can create out of nothing.
The problem was that they did not include in that legislation the deposits, the demand deposits, held in banks by individuals or electronic forms of money which essentially is what those deposits are.
Statistical analysis has found that every time an empire begins to near its own demise, you'll find that its currency will be debased.
There is no guide to how this whole system operates. To give you an example, a researcher at the BBC working on a Robert Peston documentary went to the Bank of England and said, Can you give me a guide to how money is created?
This documentary will investigate and explain this ever changing system, and the impact it has both on a national and international level. 97% Owned In 2010 the total UK money supply stood at 2.15 trillion pounds. 2.6 % of this total was physical cash, 53.5 billion.
The rest, 2.1 trillion, or 97.4% of the total money supply, was commercial bank money.
The 3% of money is created through the Central Bank and that money essentially, if you created a $10 note you could sell that to a bank to put into their ATM and the bank would have to repay that $10 or buy it for $10.
There would be no interest charged on that money, but that money is then essentially transferred to the Treasury and it's a form of fundraising for the government.
If they don't have enough of this central bank money, then effectively they can't make payments and if that happens pretty quickly, the entire system seizes up.
Banks often offer reliable customers to issue cash loans on special conditions. In this case, a minimum package of documents is required to conclude the contract. The approved amount is paid in cash through the cash register or credited to the borrower's bank account.
The complete absence of a credit history can negatively affect the approval of a large amount. In this case, it is advisable to take a small cash loan for any purpose and return it without violating the terms of the contract. After the refund, as a rule, the company itself offers an increased amount and a preferential interest rate.
If there are existing contracts in other banks, it is more profitable to take a cash loan to close them. In this scenario, the monthly debt burden will be much lower, and the rating in the BCI will improve significantly. But at the same time, the term and the total amount of overpayment increases.