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European Banks #1034517
7th Apr 2017 12:49am
7th Apr 2017 12:49am
Joined: Jun 2011
Posts: 17,429
Wirral
granny Offline OP
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granny  Offline OP
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Having great difficulty understanding all the different financial institutions and banks (not high street banks), the purpose of each one and how they relate to each other.

We have;

IMF ..International Monetary Fund

EIB..............European Investment Bank (which is where UK money goes apparently)

Central Bank of Luxembourg founded the same year as ECB in 1998.It is part of the European System of Central Banks (what does that mean?)

ECB..............European Central Bank based in Luxembourg (Tax Haven country)

World Bank.......Washington.US.

Then there is foreign aid budget £12 billion.

EIB .............has loans of £332 billion from who?. UK's contribution about £35 billion. (that must be paying off the interest of the £332 billion to who ?)

EIB .............are investing in Morocco and other African nations,and why ? That's not Europe ! I thought that was the job of the World Bank .

IMF..............Global Organisation provides loans to countries in need.

The World Bank...provides loans to countries world wide in need.

Well, if you are not confused by now, I certainly am. Then we read this link on page 8 and if anyone can explain what it means, I'd be grateful and thank you....................

"The risk appending to the UK’s shareholding in the European Central Bank –
quantified at just €1.5 billion – is nebulous: the ECB only exists because the
euro exists, and the UK is a Euro-Out countries. Nevertheless the UK is a 14%
shareholder, the ECB counts the UK’s currency and bullion reserves as part of
its own reserves, and the ECB is spinning a very large wheel on a very small
capital base of just €10 billion. The spinning wheel’s gyrations are on a par with
the ECB’s quoted reserves of €2.13 trillion, rather than with its capital, inferring
the ECB contemplates the reserves as the collateral for its operations, and that it
can access those reserves to cover any loss. The UK’s Maximum Possible Loss in
connection with the ECB needs to be considered as a wild card.
Note on IMF Funding
IMF funding, as in the case of the 2010 support for Ireland, is not granted in
isolation or without stringent conditions. In that case the IMF provided 1/3 of the
€67.5 billion non-Irish element of the package of €85 billion. A UK contribution to
the IMF is not a back-to-back loan into a borrower country; the UK participates
with many other nations as contributors, and towards many other nations as
borrowers. IMF funding is contingent upon the other funding being made available
in a co-funding model, and upon compliance with the IMF’s conditions on austerity
and supervision. As such the writer regards the UK’s risks on Eurozone nations
as tertiary through the IMF, and that the IMF issue is something of a distraction
and relatively insignificant compared to the UK’s primary exposure to EU financial
mechanisms as shareholder and guarantor, and to the UK secondary’s exposure
to the ‘wild card’ of the European Central Bank and to the governance models
through which exposure ceilings can be raised and safeguards removed "

https://www.brugesgroup.com/images/...ks%20and%20exposure%20to%20the%20EIB.pdf

Last edited by granny; 7th Apr 2017 1:02am.

Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect.
~Chief Seattle
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Re: European Banks [Re: granny] #1034518
7th Apr 2017 2:09am
7th Apr 2017 2:09am
Joined: Jul 2008
Posts: 13,592
Birkenhead
diggingdeeper Offline

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diggingdeeper  Offline

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The world as a whole is in huge debt, the banks and financial institutions are the people that facilitate that ridiculously impossible logic while in the process of syphoning off plenty of that same money.

Its quite easy to follow the loop that shows the UK borrows some of its money from itself, minus a percentage of course.


The further you are down the pay scale, the more 'essential' you are when the s--- hits the fan... Sue Farbysmith 2020

Insults are engendered from vulgar minds, like toadstools from a dunghill - Charles Caleb Colton

We don't do charity in Germany, We pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn
Re: European Banks [Re: granny] #1034525
7th Apr 2017 7:32am
7th Apr 2017 7:32am
Joined: Mar 2010
Posts: 4,036
Heswallish
F
fish5133 Offline
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fish5133  Offline
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Joined: Mar 2010
Posts: 4,036
Heswallish
Gets even more confusing when the "money" itself does not actually exist in the form of notes and coins but purely as numbers in accounts. A cashless society puts almost total power in hands of banks govts financial institutions.

Re: European Banks [Re: granny] #1036420
1st May 2017 9:45am
1st May 2017 9:45am
Joined: Jun 2011
Posts: 17,429
Wirral
granny Offline OP
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granny  Offline OP
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Joined: Jun 2011
Posts: 17,429
Wirral

Bexit negotiations dependant on initial agreements of People Money, and Ireland.

If we allow e.g.Polish citizens to live and work in our country (those who can earn £56,000 as a couple just a few weeks after entering the country) then the 27 member states come to a favourable agreement (blackmail) in relation to what we owe them financially, and (hypothetical) Ireland could possibly have to retain open borders for all EU citizens who now live in North and Southern Ireland.

Does this mean that they now have a chance to play mind games to put the boot in ?


3 million EU migrants in UK (or a lot more?) and 1.5 million Brits throughout the whole of Europe ?? The figures don't quite even out. Plus many of the Brits are retired.

If we allowed EU citizens to stay and work. If they meet retirement age, they can stay but if they lose their jobs at any point,they must return to their homeland . Why should we keep the unemployed from another country and why were our own young people not trained to earn money so they could go and work in other EU countries with the same benefits in wages as others get here. Our young people over 15yrs were directed into either the Care system, or Call Centres. Now in their 30's they can't afford to buy a home, or even rent a home.
Complete failure of this nation towards their young people. It will take another 15 yrs to reverse the process.

At the same time, EU nationals telling their young people , "we've trained you now to go to UK and get a good well paid job".

Why do our young people also have this idea that with Brexit we will never be able to travel to Europe again. British passports for British People. It might just take us back to base and be very beneficial, considering EU passports are being forged all over Europe.

Could we also have ID cards ? My attitude to them might change, I don't know, but hypothetical at the moment.

I see the delectable Gina Miller is again putting her oar in. Of the £300,000 plus she has raised from 'crowd funding' she is putting it into SNP and Lib Dems in the hope of stopping a Tory landslide. What a madam !!.. and that can't be right surely ? Raising funds from the public to support who you choose to do so with the money ?
I would like to know who she has got backing her, also sounds like she'll try to change the voting system.
Can't stand the woman.

she seems to move on from one stage to the next This last year.

[youtube]zgIib_Uj1T4[/youtube]


http://www.express.co.uk/news/uk/79...sturgeon-general-election-european-union

[youtube]dx79yPLgvIA[/youtube]

Last edited by granny; 1st May 2017 9:56am.

Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect.
~Chief Seattle
Re: European Banks [Re: granny] #1036422
1st May 2017 10:37am
1st May 2017 10:37am
Joined: Aug 2013
Posts: 2,870
Wirral
C
cools Offline
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cools  Offline
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C
Joined: Aug 2013
Posts: 2,870
Wirral
Oh I don't like her at all Granny. Haven't taken much notice of her really but as you say poking her nose in and stirring up trouble. She's definitely a snake in the grass. Maybe she working undercover for the EU and getting instructions from them to disrupt the process as much as she can. Bully Boys EU to Agent Gina what have you to report?


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