Robin Hood wrote:Paphitis:
I have a great deal of insight into the KSA recently but I need to ask you the following.
You had an insight from a very limited perspective from what you have said and also over a very limited time period.
Is the following correct? You have told us several times that through years of studying the subject on the internet you have become an expert on the banking system. You even said I think that you have learned more about the banks than some of the people who actually work in them. From that it seems obvious that you have never actually worked in the banking system or even I think had a 2 week package tour but you are an expert. Am I right so far?
No, I said I have become pretty knowledgeable on the subject of the creation of money and how the banking system works, i.e. where the numbers come from. If you knew anything about the subject you would know that the way banks operate and how they present their accounts is a very different subject to the way their basic resource, ‘
money’ is created. Before you can have a bank you need something to enter into the books? Where did it come from ..... simple question and an equally simple answer, if you have the capacity to work it out ..... and you very obviously have not!
I said I have gained more knowledge about money creation than many in the banking system and that is true. Because many, like you, may be very good at banking terminology (
i.e. accountancy) but don’t have a clue where those numbers comes from. But what I will tell you is that Trump and Corbyn have a pretty good idea! Maybe they read the BoE Bulletin and understood it? I have offered you a string of sources to support my explanation from the BoE and the FED to highly regarded economists ..... but of course you consider you know more than they do?
I have never worked in a bank, that is true, but you don’t need to work in a bank to understand how their basic resource is created ..... and more to the point, they don’t need to know either. You don’t have to be an aeronautical design engineer to fly an aeroplane or vice versa ......... banking is no different.
BTW: I don’t do package tours. They don’t run package tours to some of the places I have been to!
You have so far been wrong on every assumption you have made because your knowledge and experience is more limited than mine in some areas and I am sure the reverse is also true.
Here though you are dismissing the opinions of people who have never seen or worked in the REAL Saudi or Iran with respect to corruption because of their lack of actual experience in those countries.
Those people, like you, would have experience of these countries but how many of those experiences are viewed from outside the tourist areas. Have they ever been shot at; have they ever been thrown into police cells; have they ever been arrested at the airport for having a CTO picture of a Greek priest painting an icon; have they ever had a military escort and armed guards to take them to the airport; have they ever flow sitting on the floor of a military transport (C130) ...... I have! I call that experience and I am sure, going by what he has said on the forum, Tim will have had similar experiences. On the other hand .... how many have been ‘
wined’ (
fruit juiced) and dined by Bin Ladin ...... I have to admit it was not Osama but one of the family and a few of the management ..... white robes/fan bets and all.
I am just guessing here but I would bet that you have worked in those places?
FYI: I have worked in UK, Norway, Germany, Nederland’s, France, Italy, Spain, Thailand, Iran, Algeria and Saudi ......... so, yes I have been to those place and more, but rarely any where near the tourist areas.
So you can be a self proclaimed expert on a subject that you have absolutely no practical experience in whilst others cannot do the same if its something you personally have experience of?
Your incorrect assumption. One thing I have never claimed to be is an expert, even in my own field of engineering, there was always someone who knew something I didn’t. To be honest I have never met one either ..... met plenty who claimed to be an expert but they inevitably turn out to be just knowledgeable OR NOT! To be an expert means you know EVERYTHING about a subject ..... and that is sheer arrogance.
As you are a BIG man on this forum can you help us all out by clearing up just what criteria are acceptable to you when posting on things people have never actually experienced?
No, not a big man I just have a good understanding in subjects that interest me and I don’t take to fools trying to make me look silly. So unfortunately for you i don’t give in too easily.
Criteria? Easy ..... if it interests you, read about it , ask yourself questions and go look for the answers and ask questions of others that know more than you do; listen to what they tell you; work it out for yourself ...... then try and prove them wrong. If you can’t prove them wrong assume they are right, then do a bit more reading and ask a few more questions, until the penny drops. Just refrain from calling others fools just because YOU don’t understand a subject the way they do.
It all seems a very confusing. Don't you think?
No, I don’t find it at all confusing but then I have all that I need to answer your questions. You want proof .... I will provide a credible source; If you want to prove your point then do the same! If I am wrong you will have my apology but I don’t abuse people and I don’t apologise where there is nothing to apologise for .......... even upset feelings!
