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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- iceland sacked the bankers, fixed the problems
Banks don't manufacture.They don't produce any products that...
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Dr Michael Thurn, CEO & MD
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