good man daz , yes if you go into your shed and print some coloured paper and try exchange it for goods its considered fraud right? but if a private bank does it no one bats an eye lid? yet they expect you to work your ass off in order to repay the value of that money that they never had in the first place!? so how did this come to pass and why is the "norm"to people??? You are not entitled to your new car coz that would be a free lunch right? so who gives the banks the free lunch? when you ask for a loan they dont actually have a huge pot of cash in a vault and hand that to you.they put zeros in your account and little more. Your loan gets sold on to the markets so the bank gets paid back twice (about 3.5 times actually if you add on the interest if its a mortgage)!! sounds rediculous? you better believe it is rediculous!! write a letter to your bank asking for the original signed note you made on your loan or mortgage and see if they will show it to you! read this http://www.globalresearch.ca/index.php?context=va&aid=15324 http://www.youtube.com/watch?v=dljFUsquZss Ever ask mastercard of visa for the accounting which shows where they actually lended you say €1000 for a purchase? they will never reply or show the accounting because they never gave you anything in the first place ,its all just digital zeros entered and delelted on their side, but hard sweat and labour on your side , you dont owe them anything . some questions for ya to ponder on....... the world is about €30 trillion in debt....to who? mars? or a few families? http://buttonwood.economist.com/content/gdc again .... why does a government not print and control its own money supply interest free instead of borrowing it from private institutions with huge interest? Abraham Lincoln : "The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity.” some videos to make you question... http://www.youtube.com/watch?v=vVkFb26u9g8 http://picasaweb.google.com/ohnocanada/OhCanadaMovie#5452543728926279634 the best documentary on banks and their history i know... http://video.google.com/videoplay?docid=-515319560256183936#
i just rooted out my letter of loan approval when i bought my house in oct 08. €375,000 based on 75% LTV @5.75% over 40 years Total amount repayable €965,000 Cost of credit €590,000 Now i know interest rates plummeted since then but they will eventually get back up to that level it frightens me to think off the money PTSB will make out of me
well when the penny drops with enough people on the greatest scam the world has ever seen, tere gonna be hell to pay! el nino ask your bank to see the original note you signed see if they still have it or if they have sold it on....and in doing so breaking the contract...... you should read some of thereplies they give its hilarious!!!
Sorry for taking this off topic a bit, but are you saying the rate is fixed for the full 40 years mate ?
Agreed. If so, that is quite the repayment you have! Do you mind if i ask whether you are in negative equity? Just want to put it in context.
To return to the point at hand though. I was discussing the issue with two colleagues yesterday, and we were in agreement that those who were heavily involved in this disaster should have been charged immediately. It doesn't matter if it is merely a minor case under the theft and fraud offences act, what matters is that the people can see that the matter is being seriously dealt with, not hushed up in various quarters. A minor charge would have carried a minor sentence, but given the state the time to build a case quickly, instead of the current situation of waiting over a year to even question someone. This only gives time to others to get their affairs in order, and you know what i mean by that.
No its not garrett, that was the rate before all the drops in interest rates kicked in its much lower now. No the payment aint too bad just over twelve hundred a month, no im not in negative equity when i bought this place i bought it with a 75% mortgage, had to put 125k of money i had from the sale of my old house towards it then extensively refurbished it and ive planning permission for a six bedroom dormer on my land too and my house is a seven bedroom dormer on one acre of land. Only last month we had the whole place valued at €785,000 that includes my house and the site with planning permission and i owe €340k on it. It was her parents place but after her dad died her mother wanted out and gave it to us lower than market value
Don't forget mate that it will cost you approx €1,300,000 in total not €965,000 as you have had to pay your taxes on the 965k. Makes it even worse.
and all this from a bank who gave you nothing in the first place, only credit which was created by your own signature......