Banks don't manufacture.They don't produce any products that...

  1. 6,746 Posts.
    Banks don't manufacture.They don't produce any products that feed or cloth people or house people

    If they lend at all (credit squeeze?) they selectively lend credit and charge various interest rates (onerous?) for the facility of a mere "tick" that says you can go ahead with your business

    At the drop of their hats they can destroy manufacturing small business farmers food production income producing exporters and any enterprise that relies on that "credit" facility to continue business of production and employing and feeding families

    Producing nothing they are nothing more than a usurious toll collector on everything that is done within a society

    Such enormous profits from such a simple function is like an random pair of pliers applied to a patients oxygen supply

    Their arms couldn't get any deeper into the pockets of the real producers in the country

    Is there any control and if so whose in control? market government RBA or the banks or overseas unknowns?

    My opinion G48

 
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