The UK banking system

Discussion in 'Compendium Of Kerrrr-azy Conspiracies' started by zArk, Feb 14, 2006.

  1. zArk

    zArk Banned Banned

    To finally clear up the Iranian Oil Bourse for DB

    Iran is planning to open a commodity exchange, under names variously referred to in English as Iran Petroleum Exchange, International Oil Bourse or Iranian Oil Bourse, for the express purpose of trading oil, petrochemicals and gas in various non-dollar currencies, primarily the Euro. If successful, this would establish a euro-based pricing mechanism for oil trading, or oil marker as it is called by traders.

    In March 2006, the Petroleum Minister of Iran, Kazem Vaziri Hamaneh, announced that due to "technical glitches", the Bourse launch was postponed, with no new date set. [5]. However, as of April 26 Iran had restarted its move to open the oil market, and Kazem announced the bourse was set to open the first week of May [6].

    In May 2006, Minister of Economic Affairs and Finance Davud Danesh-Jafari said the Oil Ministry has a two-month deadline for presenting the Articles of Association of the Iranian Oil Bourse. Danesh-Jafari said that the Euro had not yet been finalized as the legal tender of transactions in the oil bourse, and the final decision about that depends upon the Oil Ministry’s proposed IOB Articles of Association [7]

    So the assertions made here were on point and the journalists reporting the setting up of an Oil Bourse were correct, even though the BBC or Guardian didnt touch it.

    but there are those concerns about Nukes -- yeah right.
  2. Pingu

    Pingu Credo


    this still going and not been binned?

  3. zArk

    zArk Banned Banned

  4. slaar

    slaar New Member

    Yes they do.

    This is what I love about conspiracy theorists. Blanket statements of authority are such a ridiculous way to structure an argument.
  5. zArk

    zArk Banned Banned

    i should have said

    no-one using their brain disputes ....

    plus 'blanket statements of authority' are well beyond your critical thinking ability. Why not start by answering;

    "how does Money being a commodity affect Marxist theory?"
  6. slaar

    slaar New Member

    I suspect my 'critical thinking ability' to be substantially greater than yours.

    But carry on anyway, it's entertaining.
  7. zArk

    zArk Banned Banned

    NO ANSWER. just as i thought
  8. slaar

    slaar New Member

    I simply have no desire to subject myself to your concept of what stands for debate.

    Enjoy your ramblings. Everyone else is.
  9. fractionMan

    fractionMan Custom Title

    And with that, the thread died.
  10. debate

    debate Banned Banned

    Why The World Trade Towers "Must come down!"
    Iran Oil Bourse
  11. White Lotus

    White Lotus Provisional Buddhist

    Hello debate, and welcome to the boards.

    You're a bit brave, making your first post on this thread!
  12. debate

    debate Banned Banned

    Yo White Lotus
    I get that all the time.

    Quick question;

    why is this thread going on about Iran and 9/11 when it is a political theme but the forum is called Philosophy?
  13. White Lotus

    White Lotus Provisional Buddhist

    Coz the original post made a proposition along the lines of "capitalism doesn't exist". I think it started life in general, but got moved here.

    As for where the rest of the thread went, well, that's conspiracy theorists for ya!
  14. Azrael23

    Azrael23 Banned Banned

    Its not a theory if you can prove it.

    Some of the worlds leading economists have written books about this, simply because the media is never going to concentrate on it, thats not to say it isn`t true or is somehow the domain of fruitloops.
  15. Bob_the_lost

    Bob_the_lost Elsewhere

    So you'd hope :(
  16. debate

    debate Banned Banned

    Ahh, gis a sec to read the thread and return.

    btw.. if the UK and/or the US goto war with Iran, batten down the hatches cause a shitstorm will be on the way. I hope they arent that stupid, but considering their self-importance and specific agenda driven politics i fear for the worse.
  17. debate

    debate Banned Banned

    Oh right, now i understand where this thread has emerged from.

    zark says that the world in which we live is constructed through a false economy and as such most things are illusions.

    I can see why most people will rebuke this as it means that class battles are useless merely serving as life long distractions for the masses.

    He is most likely correct especially with regard to the Marx Capital critism.

    Funny how i never really thought about the bank being a factory producing a product and the shareholders reaping the profits which are infact the produce.

    at one point zark used an example of a chair being symbolic of money. Charging an arm and a leg gets a new meaning now.
  18. editor

    editor hiraethified

    But you are zark!

    What a twat!
  19. trashpony

    trashpony Ovaries and tings

    Not as cunning as he thought :D
  20. Crispy

    Crispy The following psytrance is baṉned: All

    more like cunting. haha!
    Don't worry, I didn't even take my coat off.
  21. White Lotus

    White Lotus Provisional Buddhist

    Must admit the notion had ambled across my mind - resurrecting this thread seemed like an odd move for a newbie's first post. ;)
  22. 118118

    118118 Banned Banned

    Zark v Marx, Zark wins x 100000000, <3 <3 <3
  23. vapo

    vapo New Member

    In the old days there was no paper money. The accepted token of exchange was precious metal minted into coins by the Church and the Crown. Because there was only a limited amount of gold and silver available, the economic life of the nation had a certain regularity.

    Gold coins are heavy and awkward to carry around, and are often stolen when transported. Taking a credit slip across the continent to a fellow 'branch' was much safer than transporting the actual gold through the woods and mountains, so the custom arose whereby bankers would issue credit notes to depositors, who began to trade those notes between themselves in commercial transactions. Paper money had come into existence.

    It occured to the banks they could go one step further. They could issue credit notes with nothing to back them up and put them into circulation. They calculated that they could safely issue notes for up to 10 times more than the gold deposits they held, because the depositors would never ask for their money back all at the same time. The principle of modern banking was thus established.

    Nowadays the British Treasury, in conjunction with the Bank of England’s advisers to the Government, determine how much paper money and coin will be issued each year. This has to accord with the wealth of the nation for that year.
  24. camouflage

    camouflage the usual rigmarole.

    Ahhh, I've hit a rich seam here. Brilliant!:)
  25. White Lotus

    White Lotus Provisional Buddhist

    Um, did you notice the thread was started over a year ago, and the OP has now been banned? (And re-banned, the last time he resurrected this thread.)
  26. kyser_soze

    kyser_soze Hawking's Angry Eyebrow

    WTF! Both long dormant banking threads reawakened at the same time!1!!!

    it's a conspiracy I tells ya!
  27. camouflage

    camouflage the usual rigmarole.

    don't care, irrelevant.
  28. camouflage

    camouflage the usual rigmarole.

    I found a link to a thread with a link to a thread in it, I've been following the trail of linked arguments reffered to therein.

    I don't consider a thread or discussioj no go just because it was started a year ago or whatever, that's got fuck all to do with my interest in the thread and any feeling I might have to throw in a comment or two, for the record.
  29. fractionMan

    fractionMan Custom Title


    Not this shit again.
  30. slaar

    slaar New Member

    No, but the wider urban community reserves the right not to be drawn into this again.

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