Re: Mind's Eye Radical banking

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 <nwte...@gmail.com> 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 <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/-Hidequoted text -
>
> > > > - Show quoted text -- Hide quoted text -
>
> - Show quoted text -

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