Re: Mind's Eye Radical banking

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 <leerevdoug...@gmail.com> 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 <francis.h...@gmail.com> wrote:
> > > A tax mechanism straight from Romneyworld, with the proceeds going
> > directly
> > > to the 1%
>
> > > On 24 October 2012 02:13, archytas <nwte...@gmail.com> 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/-Hide quoted text -
>
> > > - Show quoted text -

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