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Why do most people believe the city is so important?

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By *illwill69u OP   Man
over a year ago

moston

Banks and the financial *industry* make nothing. All they do is skim money off the top of real industries and shrink the economy in doing so.

Is it not time the banks (and other financial institutions) wings were clipped?

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By (user no longer on site)
over a year ago

Close it down and see what happens then

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By (user no longer on site)
over a year ago


"Banks and the financial *industry* make nothing. All they do is skim money off the top of real industries and shrink the economy in doing so.

Is it not time the banks (and other financial institutions) wings were clipped?"
.

No that time was 25 years ago!

Now is the time to inflate a bubble,prop it up a bit longer and but a house in south America!

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By (user no longer on site)
over a year ago

Our economy is the financial sector without that we are fucked!! We don't produce much here anymore cost of labour to high.

That's why we protect the banks, fact is we need them!

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By (user no longer on site)
over a year ago


"Our economy is the financial sector without that we are fucked!! We don't produce much here anymore cost of labour to high.

That's why we protect the banks, fact is we need them!"
.

Well we've just spent 500 billon bailing them out.... So they better get busy!

You know that interest isn't paying itself... Oh no I forgot were doing that

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By (user no longer on site)
over a year ago


"Our economy is the financial sector without that we are fucked!! We don't produce much here anymore cost of labour to high.

That's why we protect the banks, fact is we need them!"

True.

I will miss the million of poundshops in my town centre if the economy goes under.

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By (user no longer on site)
over a year ago


"Banks and the financial *industry* make nothing. All they do is skim money off the top of real industries and shrink the economy in doing so.

Is it not time the banks (and other financial institutions) wings were clipped?"

So business doesn't need cash and investment to start up, make capital expenditure and to grow?

Okay, that's you proven my economics degree all false.

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By (user no longer on site)
over a year ago


"Banks and the financial *industry* make nothing. All they do is skim money off the top of real industries and shrink the economy in doing so.

Is it not time the banks (and other financial institutions) wings were clipped?

So business doesn't need cash and investment to start up, make capital expenditure and to grow?

Okay, that's you proven my economics degree all false."
.

I think what he was trying to get at, was that 90% of trades are pointless and do nothing except benefit the trader, that money that they skimmed of the top in the 90% could have been used more productively?

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By (user no longer on site)
over a year ago


"Banks and the financial *industry* make nothing. All they do is skim money off the top of real industries and shrink the economy in doing so.

Is it not time the banks (and other financial institutions) wings were clipped?

So business doesn't need cash and investment to start up, make capital expenditure and to grow?

Okay, that's you proven my economics degree all false..

I think what he was trying to get at, was that 90% of trades are pointless and do nothing except benefit the trader, that money that they skimmed of the top in the 90% could have been used more productively?"

Money is all about movement. You only get the loans you want at the click of a button, mortgages, etc by having fluidity of money.

The entire world was fucked by a lot of people chasing high risk, high profit deals. Doesn't mean that banks and banking and bankers do nothing for industry, companies, the economy or us mere consumers.

Anyone who thinks otherwise, try and live a year without using your bank card, buying anything on credit (that kitchen white goods, furniture, cars, holidays), pay off any loans you have, forget about a pension, oh and don't think about going to work tomorrow because most companies operate a system of invoices and payment which would be fucked without letting people order without payment.

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By (user no longer on site)
over a year ago

I want to know how I can get authority to prefix my opinions with the term "Most people agree with what I'm about to say"

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By (user no longer on site)
over a year ago


"I want to know how I can get authority to prefix my opinions with the term "Most people agree with what I'm about to say" "

I work as a data analyser, so i can actually say this. I know how to work the numbers...

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By (user no longer on site)
over a year ago


"I want to know how I can get authority to prefix my opinions with the term "Most people agree with what I'm about to say"

I work as a data analyser, so i can actually say this. I know how to work the numbers... "

But I just want a mandate that allows me to make wildly exaggerated claims .....

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By (user no longer on site)
over a year ago


"I want to know how I can get authority to prefix my opinions with the term "Most people agree with what I'm about to say"

I work as a data analyser, so i can actually say this. I know how to work the numbers...

But I just want a mandate that allows me to make wildly exaggerated claims ..... "

You're on the internet, you can be anything you want to be and do anything you want to do.

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By (user no longer on site)
over a year ago


"I want to know how I can get authority to prefix my opinions with the term "Most people agree with what I'm about to say" "

You don't want to use the phrase "most people think" because that's Internet speak for "I think, or have recently overheard"

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By (user no longer on site)
over a year ago

The aggressive way the banks and governments tried to get the bitcoin system to fail speaks volumes.

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By (user no longer on site)
over a year ago


"Banks and the financial *industry* make nothing. All they do is skim money off the top of real industries and shrink the economy in doing so.

Is it not time the banks (and other financial institutions) wings were clipped?"

Your failure to understand economics does not change the reality of economics.

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By (user no longer on site)
over a year ago


"Banks and the financial *industry* make nothing. All they do is skim money off the top of real industries and shrink the economy in doing so.

Is it not time the banks (and other financial institutions) wings were clipped?

So business doesn't need cash and investment to start up, make capital expenditure and to grow?

Okay, that's you proven my economics degree all false..

I think what he was trying to get at, was that 90% of trades are pointless and do nothing except benefit the trader, that money that they skimmed of the top in the 90% could have been used more productively?

Money is all about movement. You only get the loans you want at the click of a button, mortgages, etc by having fluidity of money.

The entire world was fucked by a lot of people chasing high risk, high profit deals. Doesn't mean that banks and banking and bankers do nothing for industry, companies, the economy or us mere consumers.

Anyone who thinks otherwise, try and live a year without using your bank card, buying anything on credit (that kitchen white goods, furniture, cars, holidays), pay off any loans you have, forget about a pension, oh and don't think about going to work tomorrow because most companies operate a system of invoices and payment which would be fucked without letting people order without payment."
.

That's all good stuff!

But the problem with over financialisation means

Global gdp is what 50 trillion

Global debt is a bit over 200 trillion!

Giving people credit for a fridge or a weekend in Barcelona is all great but there has to be the money in the system to pay for it... And the real economy, isn't doing it!

So now we're stuck with wrapping and rewrapping debt up and extending it and pretending the numbers work!

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By *iamondjoeMan
over a year ago

Glastonbury


"But the problem with over financialisation means

Global gdp is what 50 trillion

Global debt is a bit over 200 trillion!

"

* Global World Product totalled approximately US$87.25 trillion in 2014

* Global Word Debt = approx £213 tn

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By (user no longer on site)
over a year ago

I'd fuck every single one of the men commenting on this thread in a moment.

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By *iamondjoeMan
over a year ago

Glastonbury


"I'd fuck every single one of the men commenting on this thread in a moment. "

Looool - even the ones who have a rather poor grasp of the topic? :P

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By *iamondjoeMan
over a year ago

Glastonbury


"Banks and the financial *industry* make nothing. All they do is skim money off the top of real industries and shrink the economy in doing so.

Is it not time the banks (and other financial institutions) wings were clipped?

Your failure to understand economics does not change the reality of economics."

I don't think it's unreasonable in the slightest. Everyone goes on about how Labour did this or didn't do that during its administration and now we have a massive public sector we can afford &c &c &c.

The simple fact of the matter is that the banks nearly broke UK Plc in 2008, costing over £660 billion (yes, billion) in bailouts and support with the net effect that public debt interest payment account for 12% of what the Treasury spends.

So while we, the peasants, have to endure wage-freezes, unemployment, demonisation if yr on benefits and ever diminishing services...

Tell me...

What penalty have the banks paid?

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By (user no longer on site)
over a year ago


"I'd fuck every single one of the men commenting on this thread in a moment.

Looool - even the ones who have a rather poor grasp of the topic? :P"

Over my head

I'm getting very turned on by all the clever talk and stuff

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By (user no longer on site)
over a year ago


"I'd fuck every single one of the men commenting on this thread in a moment.

Looool - even the ones who have a rather poor grasp of the topic? :P

Over my head

I'm getting very turned on by all the clever talk and stuff "
.

Are you married to George Osborne by any chance!

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By (user no longer on site)
over a year ago


"I'd fuck every single one of the men commenting on this thread in a moment.

Looool - even the ones who have a rather poor grasp of the topic? :P

Over my head

I'm getting very turned on by all the clever talk and stuff .

Are you married to George Osborne by any chance! "

Dear God no! I've never found any politicians to be remotely attractive. Something about the hair

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By (user no longer on site)
over a year ago

Without the banks the economy would not look like it does and we'd be far worse off than we are. The banks lending is creating money in the system, money that doesn't exist but is equally vital for us to have our standard of living. Problem was they were let to run too loose because they were bringing in vast sums of non existent money to the treasuries of the world. It got to a critical point and when the melt down started they simply couldn't correct on their own as the money didn't exist. We can't live without them but we probably need to accept we can't keep going as we are.

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By (user no longer on site)
over a year ago


"Banks and the financial *industry* make nothing. All they do is skim money off the top of real industries and shrink the economy in doing so.

Is it not time the banks (and other financial institutions) wings were clipped?"

No capitalism - no country at all!

Or lets buy back the railways, the coal and steel an all pay 90% tax to pay for it

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By (user no longer on site)
over a year ago

I love the way people talk about money as if it's real....and for my next magic trick or perhaps you'd like some new clothes for the Emperor?

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