A few weeks ago the OFT took several banks to court over their charges for overdrafts, which in some cases ran ridiculously into the hundreds of percent for a small overdraft. The banks argument and defence against this? We don't have to be fair!
We give them the power to create billions and billions of pounds every day (that does not and never will exist) and what do they do with that power? Use it for their selfish benefit. The evidence? Look around you. Look at India. Look at Africa. Look at South America. Look at South Asia. The banks have had this power to create money for centuries. This world is a shithole for the majority of people, and absolutely fantastic for a tiny percentage of people.
Now that we the people have a chance to own a our own bank the banks cry foul. "It's not fair", they weep and sob like a three year old girl, "you have to be fair to us, the banks, who have run the world for the benefit of a few families."
Er, I don't fink so!
Bankers have an unfair advantage over the rest of us taxpayers because they can create billions and billions and billions of pounds. Read this extract and see how they react to the 'unfairness' of a national bank.
"It's not fair! I want my mummy. Bitty. Bitty!"
==================================
From http://www.independent.co.uk/news/business/news/rival-lenders-vow-to-fight-any-unfair-competition-from-rock-784068.html
Competitors of Northern Rock warned yesterday that they would not tolerate a revival of the stricken bank at the expense of their businesses.
Rival lenders want to see a clear plan for the mortgage lender as soon as possible. The Government has said the bank will be run as a commercial operation "at arm's length" to get it into shape to be sold back to the private sector.
Ron Sandler, the former Lloyd's of London chief who took over as executive chairman yesterday, said he intended to write mortgages and take deposits in the normal way to rebuild the bank. But other lenders questioned how this could be done without Northern Rock having an unfair advantage and distorting the market.
Adrian Coles, the director-general of the Building Societies Association, said: "We can't have Northern Rock plundering through the markets getting every scrap of deposits available to repay the Bank of England. That would be wrong. It must act, as much as it can, as if it does not have taxpayer support."
===========================================
Repeat, the banks have an unfair advantage over us because they can create billions and billions and billions of pounds out of nothing for world wars and bloody revolutions for the benefit of a few families.
But still there will be some dickhead Labour MPs voting against this, a chance to get our own back by having our own credit-creating facility using the same laws the warmongering banks have used and abused for centuries.
No comments:
Post a Comment