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Banks - broke or not? : Thu Mar 06, 2014 6:08 pm  
Administrators of Lehman Brothers (Europe) to return 100% of amounts due to unsecured creditors plus interest. A first in company admin. history.
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Re: Banks - broke or not? : Fri Mar 07, 2014 5:48 pm  
Money is concept not real.

You can have as much or little as the system wants.
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Re: Banks - broke or not? : Fri Mar 07, 2014 5:49 pm  
Yes. And money supply bears no relation to inflation.

Remind us again how that worked in pre-WWII Germany?
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Re: Banks - broke or not? : Fri Mar 07, 2014 6:06 pm  
Leaguefan wrote:
Money is concept not real.

You can have as much or little as the system wants.


Yes money is a concept. But it seems Lehman (Europe) actually had more of it than it and other assets than it owed.
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Re: Banks - broke or not? : Fri Mar 07, 2014 7:53 pm  
Dally wrote:
Yes money is a concept. But it seems Lehman (Europe) actually had more of it than it and other assets than it owed.

Agreed which is why the current system is such a ponzi scheme.
What the "solution" is is open to debate but the current set up is blatantly flawed at every level and that is down to politicians who"control" the banks.

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