Discusting the Banks are laying off

[seiko1]

Caltex talking about closing down two plants, Alcoa in Geelong doing the same, Pacific Brands has done it already, another Airline goes bust,
Holden downsizing their workforce here....gotta love the state of the economy
Publicly listed organisations which must increase profits at all costs controlling every cent , maybe selective memory syndrome is actually a virus because
everyone seems to have forgotten just how reliant we are on Banks, I was lucky that I didn't have to spend days without any access to funds
because my Banks Computer System shit itself I'm sure anyone caught out was adequately compensated though
but then I always keep CASH handy for just such an occasion.
Having no cash...and therefore no control whatsoever, is a good thing I'm sure
http://www.prisonplanet.com/cashless-so ... yment.html

[Naked Twin]

Yes the banks make "huge" profits but on what turnover at what margin? You might be surprised at the margins and the amount of coin they turnover. You have to balance it up with how much money they actually have out their at risk.
Now to all you shareholders yes you and me and just about anyone who has a superannuation account, these bank profits are keeping your losses below double digits.

If you want to screw the banks move your accounts to the independents, sure the rates are not as good, the access to your money is not as good and the facilities they offer are less, the security they offer is less but you pay for what you get.
These banks are their to make money with your money, simple as that. You would do the same, if you don't like it move your money elsewhere. The security we have in our banking system means that unlike in Europe, America you can actually go to the bank in the middle of a GFC and get your coin out. Some smaller independents froze accounts.

Be careful about what you wish for

People see huge dollar figures and forget what huge dollar figures both were used to get it and how much risk is associated with it. I bet if it was their cash hanging out in the breeze they'd want more than a 5% return on it.

You obviously do not understand fractional reserve banking. The vast majority of the money they lend to you and me does not exist, it is a ponzi scheme that would come tumbling down if we reverted to a proper cash economy.

Yes I am a retard, please explain how this can happen and better still protect all those retards with a a superannuation. Where and what you will you be spending your coin in, please remember that any recommendation you make will obviously not put you in a comprimised position as you clearly understand all that the retards don't

[seiko1]

Zeitgeist 1, 2 and 3 will enlighten all