Comments by "Aden Wellsmith" (@adenwellsmith6908) on "Banks will go bust because of flooding" video.

  1. Except the evidence points the other way. The rotation rate of the earth speed up.
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  2. The state made a 35 billion profit on it.
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  3.  @col.hertford9855  So the trillions the workers have paid the socialist welfare state? Where's that all gone? On the banks there's a huge amount of misinformation.' If we take Northern Rock. The problem with them was they didn't do enough special purpose vehicles. They were relying on liquidity from the intrabank market. In other words it was a liquidity not credit issue, and that's the job of the BoE to provide the money. They did via the SLS and the BoE booked a 35 bn profit on the deals. ALL the money repaid in full. Since then governments have looted money from the finance sector, and that's paid by the customer. Draconian regulations. They have. Hence no new banks. You are now being milked by the banks, to pay the tax for the state.
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  4. Ask Richard to tell you how big the pension debts are of the socialist welfare state and the civil service pensions. When he doesn't tell you, you need to panic.
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  5.  @Mikeybhoy1979  No No No. Deposits cannot be used for reserves. That has to come from owners equity. Do you not understand capital adequacy?
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  6. Because "climate change" is a grift. The Greek banking crisis. 10% of the Greek state's debts was borrowing. 90% was pensions. Now look at how that debt screwed the pensioners. Unfunded debt is the issue. Now the Greeks can't pay the borrowing. So you need to look to see who the creditors are and who has insured the debt? Turns out German and French banks had insured the debt. So the Greeks don't pay, the insured go to the banks who sold them insurance. Ah yes, the EU now steps in. You lose on the insurance. They change the rules. You aren't paid but its not a default. Scam. It's all scams and the public loose. The problem is with people who hide those pension debts. The Accountants that work for the state. Like RM.
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  7. Greta the Grifter.
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  8. The socialist pension debts won't be paid in full before any bank loses money on sea level rise. Anyone who thinks that Al Gore [he's got a house on the beach] was right about no ice caps, is clearly going to lose money to the Green Grift.
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  9. So you think the state should make another 35 bn profit out of them?
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  10. So on the science. The rotation speed of the earth has gone up. How does that square with your claims of polar melt?
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  11. The government is busts because of those hidden socialist pension debts.
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  12. Housing is productive.
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  13.  @Mikeybhoy1979  You have to look at the causes. The number one cause is migration and government increasing it. Supply and demand. Second cause is QE. QE was designed to force interest rates down. People by property based on the price they pay monthly. That's driven by interest rates and the government forced interest rates down. Turns out that the monthly price is in line with earnings.
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  14.  @Mikeybhoy1979  I asked you a different question. The product of a house is shelter. That's why its productive.
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