Thread: The three biggest banks in the world are located??????

Originally Posted by NobleSavage

In China:

ICBC, CCB and the Agricultural Bank of China.


http://www.zerohedge.com/sites/defau...na%20Banks.jpg

which makes one thing pretty clear
from 1991 the biggest bank had 13 bn
within 10 years the biggest had 236 bn
and you guys really think there isnt something wrong with that

The BIGGEST bank in the world is located in the US. It's called the Federal Reserve. It has unlimited capital.

Originally Posted by DamageX

The BIGGEST bank in the world is located in the US. It's called the Federal Reserve. It has unlimited capital.

...and continuously prints money out of thin air detroying the American way of life.

Actually printing money and causing some increased inflation here would be a good thing now because it would reduce the value of debts on things like mortgages

Originally Posted by arock

Actually printing money and causing some increased inflation here would be a good thing now because it would reduce the value of debts on things like mortgages

Allowing wages also went up as well and unemployment stayed at the current level or fell which never happens with inflation.

Originally Posted by BluePlayer

Allowing wages also went up as well and unemployment stayed at the current level or fell which never happens with inflation.

bingo. we've already had massive inflation over the last few years.
when the government calculates inflation in the USA, they exclude the price of food & fuel from their calcuations. when those numbers are included, real-world inflation is said to be closer to 9-10%, whereas the gov't fantasy land number puts it around 2%.

Originally Posted by AmateurFlix

bingo. we've already had massive inflation over the last few years.
when the government calculates inflation in the USA, they exclude the price of food & fuel from their calcuations. when those numbers are included, real-world inflation is said to be closer to 9-10%, whereas the gov't fantasy land number puts it around 2%.

Shouldn't they re-include real estate prices, in order to show that there's no inflation, or even a deflation?

Originally Posted by DamageX

Shouldn't they re-include real estate prices, in order to show that there's no inflation, or even a deflation?

tell that to someone whose mortgage or rent is the same now as it was several years ago. it's only a very small percentage of all home buyers - those who happened to make a transaction in the last few years - who've seen any lower actual costs in housing, and many of those people lost money on their previous property which kind of evens it out for them anyway.

Originally Posted by AmateurFlix

tell that to someone whose mortgage or rent is the same now as it was several years ago. it's only a very small percentage of all home buyers - those who happened to make a transaction in the last few years - who've seen any lower actual costs in housing, and many of those people lost money on their previous property which kind of evens it out for them anyway.

Yeah, I'm aware of that. I was merely hinting at the fact that, if the government re-included real estate prices in their base for calculating inflation, then inflation would seem even lower than they wanna make it look like today.

Originally Posted by AmateurFlix

tell that to someone whose mortgage or rent is the same now as it was several years ago. it's only a very small percentage of all home buyers - those who happened to make a transaction in the last few years - who've seen any lower actual costs in housing, and many of those people lost money on their previous property which kind of evens it out for them anyway.

The people that managed to keep their houses and were able to refi are paying a lot less then in 2008.

Originally Posted by DamageX

Yeah, I'm aware of that. I was merely hinting at the fact that, if the government re-included real estate prices in their base for calculating inflation, then inflation would seem even lower than they wanna make it look like today.

I see. Yeah, like most numbers the government conjures up, they seem to use very subjective methods to determine what to include, tailored to fit the current political agenda. There's no way that any private entity could get away with that sort of math for very long.
The people that this sort of fraudulent calculation hurts the most are typically seniors on a fixed income who rely on cost of living increases in their social security payments. The government had been telling them for the past couple years that their cost of living did not rise when clearly it has: http://money.cnn.com/2011/10/18/news...ease/index.htm

Originally Posted by DamageX

The BIGGEST bank in the world is located in the US. It's called the Federal Reserve. It has unlimited capital.

the BIS is bigger cause its partly owns the FED https://www.google.com/search?q=bank...%20settlements

link http://www.bilderberg.org/bis.htm

Originally Posted by oil

the BIS is bigger cause its partly owns the FED https://www.google.com/search?q=bank...%20settlements