THere's no end to it all

[Sparkie1723]

http://uk.news.yahoo.com/report-hsbc...045958606.html

Sparkie

[bluebottle]

Re: THere's no end to it all

What else have they been up to? IMHO it would be simpler to tell the banks "We know you're bent and we're sending in the heavy mob to find out exactly what you've been up to and how much you've ripped-off the taxpayer and other poor sods for, whether you like it or not." Can you imagine what they'd uncover?

[Magrew]

Re: THere's no end to it all

Well I'm not particulalry well versed in the scriptures but we were warned by the Messiah to beware the money lenders. It's not as if it is a new matter for concern. What I still can't understand is why we think that this "profession" warrants stellar wages when the real contributors to society don't even get paid enough to raise a family.

Yes you guessed it I am talking about the engineers. You notice you won't find a bad word about them in the bible.

Joking aside though, the world must become to see the false worth of the bankers. If the average wealth was better distributed there would be fairer tax revenues, greater turnover in the economy and we need manufacturing to pay to reduce deficits. Don't worry I'm not talking about socialism just realism

If it doesn't offer a tangible product it shouldn't recognise a profit, I include services in that, teaching, nursing, dog walking anything that requires a commited input to realise an output. Bankers do not seem to understand that. That is why bubbles burst. If you notice China make things, big growth. We consume things, big deficit. We buy things from far and wide because it is cheaper but are we seeing the true cost. We save 10p on a pack of tomatoes but we don't recognise the additional £100 pounds a month we pay in TAX to keep our own unemployed alive because the tomatoes came from widgetland and didn't require a man at home to work and produce them. Economists need to try and model that, it may allow folks to understand how we should be synergetic, not parasitic.

This isn't nationalism this is survivalism.

Then we see the "clever money" trading commodities and shares, the idea of things to sell, not the things themselves.

Money was created to be earned to allow things to be bought not to be bought itself, I know I have drifted a bit from the topic of the link but it all stems from the same problem morality and ethics are all linked to reality. The banks have lost all sense of reality, in fact most of the super rich have lost all sense of reality. They all try to keep as much of the money that they cannot realistically spend by avoiding paying their fair contribution in taxes. Then the common man has to pay more taxes, it is just a total lack of realism.

This is the scrooge mentality that the Victorians were so critical of. It's not what you have, it's what you do with it that matters. Look at Carnegie and his ilk. He was a tory but today's tories do not seem to recognise his approach as traditional tory values. Once they do then we may get out of this mess. His view revolved around effort and opportunity, it wasn't how much money you made that impressed him it was how much effort you put in. He made a lot of money but he did it ht ebest way he made it in another country and then invested it in ours. Our super rich are doing the reverse, idiots. They can't see that they are killing what has allowed them to be what they are. They are killing the golden goose.

Only problem is to get out of the mess we are in with the banks is likely to bankrupt the country. Bit of a bummer that.

Perhaps the people at HSBC could import some drug money into the economy to kep us afloat while we get things back on an even keel.

(got back to the link in the end)

PS I am sober..................just p*'*ed of with it all.

[Bill-K]

Re: THere's no end to it all

...Only problem is to get out of the mess we are in with the banks is likely to bankrupt the country. Bit of a bummer that...

I want to add my support and thanks to Magrew's magnificent words. I sympathise, empathise and generally "Get where you're coming from, Bro."

Something's got to give.

[bluebottle]

Re: THere's no end to it all

I think you've hit the nail right on the head, Magrew. My belief system sees money as an energy of exchange which is there to be shared with others. What the bankers have done is take and keep as much money as they can. What then happens is that the supply of money in the economy becomes so limited that, eventually, the economy collapses. The result is recession or, at worst, depression. Simple rule of economics.

[Sparkie1723]

Re: THere's no end to it all

Money is MEANT to be created by work and making/manufacturing goods..........Banks can create money faster than the BOE.........the way they do this is by their fees and charges, penalty charges collection charges what ever.........there is money no until YOU have gone out and earned to pay these fees and charges........that is when it becomes money ....until you pay them it is just thin air.... They "create" money when there isnt any there

More of the ramblings of a senile old git

Sparkie

[Magrew]

Re: THere's no end to it all

Money is MEANT to be created by work and making/manufacturing goods

Yes, in an ideal world (let me know if you find one)

..........Banks can create money faster than the BOE.........the way they do this is by their fees and charges, penalty charges collection charges what ever.........there is money no until YOU have gone out and earned to pay these fees and charges........that is when it becomes money

That is now what it has become, this is a very modern development

....until you pay them it is just thin air.... They "create" money when there isnt any there

The creation of money I was referring to was the "dawn" of money (ie the first idea of money) the creation you are referring to is the new nightmare that has arrived on the abandonment of gold standards.

More of the ramblings of a senile old git

Keep rambling, there is often an awful lot of wisdom wrapped up in senility, just look at Confucious:tung: