How money is created :

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    #16
    I think I linked to this several years ago:

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      #17
      Still watching but not a great beginning..............."The system which is ultimately responsible for the inequality in our society today. The system which has kept them atop the financial food chain for the last 100 years"

      This all sounds very well if wealth inequality had actually increased over the last 100 years. Would you rather live in 1895 or 1995? Yes me too. If anything debt has allowed people from low income backgrounds to build businesses, buy houses, make fortunes. Wealth inequality around the world has fell dramatically over this period on every scale imaginable

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        #18
        JKO, Do you know how to copy this video on rbs bank onto here ?

        https://www.youtube.com/watch?v=xjnHGZft5T0

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          #19

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            #20
            Thanks JKO, Its good to have this video posted up here.,

            The Northern Rock failed around August 2007.

            I remember seeing the depositors queueing up in Station Road , Harrow to get their money out from failing the bank .

            The Northern Rock Board of Directors must have been recruited from one of the big Supermarkets because the bank was offering 130% mortgage loans on property worth only 100%.

            The big crash by RBS ( then world's biggest Bank ) came about a year later.

            But I don't understand why the UK Banking Regulator did not stop RBS (with fortis & Santander ) from making a high risk takeover of dutch bank ABN in Oct 2007.

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              #21
              A good book on this subject :
              https://www.amazon.co.uk/Grip-Death-.../dp/1897766408

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                #22
                Originally posted by Gordon999 View Post
                Thanks JKO, Its good to have this video posted up here.,

                But I don't understand why the UK Banking Regulator did not stop RBS (with fortis & Santander ) from making a high risk takeover of dutch bank ABN in Oct 2007.
                They were foolish. Barclays was after the same bank, however, they backed away. Barclays were made a share offer, whilst RBS was cash for the bank.


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                  Peter42
                  Hi All. We have a BTL interest only mortgage @ 3.88% on rental
                  We also have a interest only mortgage on our residental house @ 2.05%
                  If miraculously we have money to overpay , which should we choose?
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                  23-05-2019, 14:27 PM
                • Reply to Overpay which mortgage?
                  Peter42
                  Thank you. Everyday,s a school day
                  24-05-2019, 12:32 PM
                • Reply to Overpay which mortgage?
                  JK0
                  CGT is charged on what you get for a house versus what you paid for it. Whether you have a mortgage to pay off or not is immaterial.
                  23-05-2019, 16:12 PM
                • Reply to Overpay which mortgage?
                  Peter42
                  Ok thanks. We thought overpaying on the rental increases the profit ie more CGT
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                • Reply to Overpay which mortgage?
                  JK0
                  I don't think your mortgage has any bearing on CGT.

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                • Workplace Pensions
                  mojo_scotland
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                  leaseholder64
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                • Reply to Workplace Pensions
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