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Steve Parker
The London Standard
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Comments by "Steve Parker" (@steveparker8065) on "UK passengers could be hit by largest rail fare rise in a decade" video.
How much has rail privatisation cost the taxpayer already in the last couple of decades? All the bailouts, price rises, subsidies. We as taxpayers used to own our rail networks, now they extort us and I can't for the life of me remember getting my cut when it was privatised!
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Cardinal Sin I'm not allowed as I'm not a country (at least last time I looked). But if I was a bank under Fractional Reserve Banking I'd only need 10% of the assets I loan out to people as collateral. Unfortunately, I'm not a bank either...
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Cardinal Sin Follows the Fed model these days, but the BoE was nationalised in 1946 by the Attlee government, Pity it wasn't still nationalised.
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Cardinal Sin Yes the Fed Model. Since the loss of the gold standard money isn't backed by a physical resource. Since fractional reserve banking, up to 90% of the money is fractionally created and only exists on computers. Global debt is 3x global GDP its a farce :)
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