You make me dizzy sometimes, Archytas. Money doesn't spoil like food- actually restaurants make their biggest profits on liquor and take a loss on food. Anyway, money comes easily to banks and they put it to work and make a profit through interest- right? I am a simple woman- the bank statements check out- the stuff is still in the sd box- that's all I need to know. I still don't understand how a car engine but it works anyway. And I worked briefly for a S&L and bank and they are still in business- imagine that!
On Oct 24, 11:35 am, archytas <[email protected]> wrote: > Bill Black'sThe Best Way to Rob a Bank is to Own One' describes the > mechanism rigsy. If you and I were running a restaurant we'd make > sure our bank charges were at a minimum- what I don't get is how banks > keep up high profit margins in what should be a competitive industry. > Their costs should have been stripped down as surely as those in food > and manufacturing. Some old colleagues of mine have just unearthed > French drug barons charging an 8% laundry fee to relocate black Swiss > accounts. Some of the drug family were bankers The Swiss can't do > what they've been doing for centuries by wire transfer because the > financial CIA/MI5 can pick that up straight away - so the money is > being moved in cash and diamonds. I've no doubt this and worse is > going on, but I question the whole structure of financial services. > At the level of bank charges in a business we treat banking like a > parasite - one suspects this should be true in the wider economy too. > The Mafia were undoubtedly involved in your thrift crisis. About 95% > of all money in criminal systems like drugs is not retained by > producing countries and flows through banks and tax is being diverted > offshore (Starbucks hasn't paid a penny in its UK operation). My > guess is this cash from vice, rackets and tax is the basis of > competitive advantage and a lot of bank capital. Government insurance > on deposits is, of course, tax payer insurance and we have been stung > for a lot of payouts without any potential profit share. I'd go as > far as to say we have no politics because of this situation. > > Timothy Mitchell's 'Carbon Democracy; political power in the age of > oil' is a readable alternative on just what 'the economy' might be > rather than the monetary system neo-classical rot that holds sway. > I'm out of the game now - but we used to use control theory network > mapping on organised crime - this threw up connections between black- > hat crooks and people still called 'betweeners' (cops, politicians, > bankers) paid to smooth the criminal process. > > In he end the rich are a much bigger problem than we tend to think and > I'd guess such stuff as our homes only costing half what we pay if we > did something about them and their bubble system. Former colleagues > who have just retired or are about to all share perplexity over our > ability to just lock anyone up for murder as long as we had evidence > and the near-impossibility of going after fraud in the banks without > political permission that never came. These frauds were often killers > as surely as Indian Agents, colonial 'trade' and the rest. > > Some of us in here probably wouldn't begrudge putting up (say) $1000 > between us to microfinance businesses in poor countries (I do > something like this) - but crooked banksters can get in the way. One > raised $100 million for such a scheme. He borrowed at a low rate from > a Norwegian bank and promptly lent it all back to that bank at a > higher rate. Some microfinance schemes are n more than land-grabs - > the money is lent to the wrong people with intent to foreclose when > they inevitably fail. > > On 24 Oct, 16:33, Lee Douglas <[email protected]> wrote: > > > > > Heheheh ohh Rigys, it breaks my heart too, but we must. Life and politics > > are the same thing. Unless you live by yourself far away from the rest of > > the world that is. We could do that though, but I think the only place to > > go would be (as Homer Simpson would have it) 'Under the sea' > > > On Wednesday, 24 October 2012 06:25:35 UTC+1, rigsy03 wrote: > > > > O dear- are we going to sink into politics? > > > > On Oct 23, 9:24 pm, Francis Hunt <[email protected]> wrote: > > > > A tax mechanism straight from Romneyworld, with the proceeds going > > > directly > > > > to the 1% > > > > > On 24 October 2012 02:13, archytas <[email protected]> wrote: > > > > > > Banking is estimated to contribute between 8 and 14% of UK GDP. It > > > > > will be smaller in most other countries, but is still held to be > > > > > vital. I doubt the figures but this doesn't really matter At 14% > > > > > banking matches manufacturing contribution in the UK. > > > > > > In a business account we always want to reduce bank charges to a > > > > > minimum. Financial services are a cost to be reduced to minimum. I > > > > > can never see why we have fallen for the idea that moving money around > > > > > has anything to do with a productive economy. We would hardly > > > > > organise hard work like clearing farm land by matching the number of > > > > > us breaking our backs with a similar number of bankers sitting in > > > > > armchairs. > > > > > > I tend to think banking is just a front for organised thieving. We > > > > > cut out all kinds of management and jobs in manufacturing and it's > > > > > hard to see how piling bank buildings high with staff makes any > > > > > sense. In science we generally try to reduce resources going into > > > > > control to a minimum. We need some radical ideas on how Al Capone is > > > > > getting away with all the banking going on. My guess is banking is > > > > > really just a tax mechanism we don't get to vote for. > > > > > > -- > > > > > -- > > > > Francis Hunthttp://francishunt.blogspot.de/-Hidequoted text - > > > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --
