Serbia borrows EUR 25mn from Kuwait for railway project
The Serbian government on Monday borrowed EUR 25mn from the Fund for Arab Economic Development (KFAED) - the money that will be used by Serbian Railways.
"I thought Kremlin was lending Serbia money for railway projects something smelly in Serbia as usual it's not the cheese."
The loan from Russia was for the railroads in general while this is for the central railway station - I guess they want a state-of-the-art railway station.
But Serbia really needs to find things to export - whether products, services, construction in order to pay back all these loans. They won't be able to pay them back if they don't produce enough for other countries.
"Banking is a natural govt monopoly and all private banks should be nationalised or closed.
(Michael Thomas, 10 December 2012 17:43) "
Based on the financial success of all the other state-run companies in Serbia, I can't think why they're not already doing this.
(Amer, 10 December 2012 21:24)
Amer
No business in the history of humanity has been as corrupt and poorly managed as western private banking.
Inefficient Yugoslav businesses have cost you nothing. Corrupt western banks have taken your pension and enslaved your children and grandchildren.
He did not precise the deadlines for the completion of the project, stressing that it is in Serbia's interest to complete it as soon as possible, adding that the location of the Belgrade central railway station can be used in a much more profitable manner. Sure maybe paint it a little the rest of the money disappearing magically as usual. I thought Kremlin was lending Serbia money for railway projects something smelly in Serbia as usual it's not the cheese.
Nowadays all we see is Serbia borrowing money, ALL THE TIME .
(vote, 10 December 2012 15:42)
Borrowing is slavery. This is true if govt borrows or if we do it as individuals.
What 99% of humanity do not understand is that those who lend the money (the banks) don't have any money themselves. They are all broke and yet they can still lend. How is this possible?
It is only possible because bankers control govts and have enacted laws which make them gods of money.
If I deposit £10,000 in a bank, the banking system calls this money an asset and can lend 10 times more. This is called fractional reserve lending - the banks keep a fraction of "their" assets (my deposit) in an account and can lend a sum ten times greater. So the bankers pay me 1% on my £10k which is £100 per year, and they lend £100,000 at 10% earning £10,000 per year. Not a bad business to be in.
The Serbian govt does not need to borrow from foreigner to build infrastructure in Serbia. It could set up a state bank and give it assets (govt buildings); based on these assets the state bank could lend ten-times the value of these assets. The state bank would not be obliged to make a profit, so it could lend this money to the govt interest-free.
Banking is a natural govt monopoly and all private banks should be nationalised or closed.
Nowadays all we see is Serbia borrowing money, ALL THE TIME .
(vote, 10 December 2012 15:42)
Borrowing is slavery. This is true if govt borrows or if we do it as individuals.
What 99% of humanity do not understand is that those who lend the money (the banks) don't have any money themselves. They are all broke and yet they can still lend. How is this possible?
It is only possible because bankers control govts and have enacted laws which make them gods of money.
If I deposit £10,000 in a bank, the banking system calls this money an asset and can lend 10 times more. This is called fractional reserve lending - the banks keep a fraction of "their" assets (my deposit) in an account and can lend a sum ten times greater. So the bankers pay me 1% on my £10k which is £100 per year, and they lend £100,000 at 10% earning £10,000 per year. Not a bad business to be in.
The Serbian govt does not need to borrow from foreigner to build infrastructure in Serbia. It could set up a state bank and give it assets (govt buildings); based on these assets the state bank could lend ten-times the value of these assets. The state bank would not be obliged to make a profit, so it could lend this money to the govt interest-free.
Banking is a natural govt monopoly and all private banks should be nationalised or closed.
He did not precise the deadlines for the completion of the project, stressing that it is in Serbia's interest to complete it as soon as possible, adding that the location of the Belgrade central railway station can be used in a much more profitable manner. Sure maybe paint it a little the rest of the money disappearing magically as usual. I thought Kremlin was lending Serbia money for railway projects something smelly in Serbia as usual it's not the cheese.
"Banking is a natural govt monopoly and all private banks should be nationalised or closed.
(Michael Thomas, 10 December 2012 17:43) "
Based on the financial success of all the other state-run companies in Serbia, I can't think why they're not already doing this.
(Amer, 10 December 2012 21:24)
Amer
No business in the history of humanity has been as corrupt and poorly managed as western private banking.
Inefficient Yugoslav businesses have cost you nothing. Corrupt western banks have taken your pension and enslaved your children and grandchildren.
"I thought Kremlin was lending Serbia money for railway projects something smelly in Serbia as usual it's not the cheese."
The loan from Russia was for the railroads in general while this is for the central railway station - I guess they want a state-of-the-art railway station.
But Serbia really needs to find things to export - whether products, services, construction in order to pay back all these loans. They won't be able to pay them back if they don't produce enough for other countries.
He did not precise the deadlines for the completion of the project, stressing that it is in Serbia's interest to complete it as soon as possible, adding that the location of the Belgrade central railway station can be used in a much more profitable manner. Sure maybe paint it a little the rest of the money disappearing magically as usual. I thought Kremlin was lending Serbia money for railway projects something smelly in Serbia as usual it's not the cheese.
Nowadays all we see is Serbia borrowing money, ALL THE TIME .
(vote, 10 December 2012 15:42)
Borrowing is slavery. This is true if govt borrows or if we do it as individuals.
What 99% of humanity do not understand is that those who lend the money (the banks) don't have any money themselves. They are all broke and yet they can still lend. How is this possible?
It is only possible because bankers control govts and have enacted laws which make them gods of money.
If I deposit £10,000 in a bank, the banking system calls this money an asset and can lend 10 times more. This is called fractional reserve lending - the banks keep a fraction of "their" assets (my deposit) in an account and can lend a sum ten times greater. So the bankers pay me 1% on my £10k which is £100 per year, and they lend £100,000 at 10% earning £10,000 per year. Not a bad business to be in.
The Serbian govt does not need to borrow from foreigner to build infrastructure in Serbia. It could set up a state bank and give it assets (govt buildings); based on these assets the state bank could lend ten-times the value of these assets. The state bank would not be obliged to make a profit, so it could lend this money to the govt interest-free.
Banking is a natural govt monopoly and all private banks should be nationalised or closed.
"Banking is a natural govt monopoly and all private banks should be nationalised or closed.
(Michael Thomas, 10 December 2012 17:43) "
Based on the financial success of all the other state-run companies in Serbia, I can't think why they're not already doing this.
(Amer, 10 December 2012 21:24)
Amer
No business in the history of humanity has been as corrupt and poorly managed as western private banking.
Inefficient Yugoslav businesses have cost you nothing. Corrupt western banks have taken your pension and enslaved your children and grandchildren.
"I thought Kremlin was lending Serbia money for railway projects something smelly in Serbia as usual it's not the cheese."
The loan from Russia was for the railroads in general while this is for the central railway station - I guess they want a state-of-the-art railway station.
But Serbia really needs to find things to export - whether products, services, construction in order to pay back all these loans. They won't be able to pay them back if they don't produce enough for other countries.
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