I’m sure you’ve heard the saying, “You can’t pay them with a smile”- this is one of those saying’s that’s been around forever. I have a few of my own, but the one that I’m still using is “You can’t pay them with a frown.
This says a lot about how the banking system is broken, and how we need a new system to fix it. The only way to fix things is to be like the people who run the system and fix it.
Its funny how little banks actually go over their faces when they talk about the money they make. They often make it seem like the banks are some sort of evil corporation that just wants to take everything that is not theirs. The reality though is that when the banks are happy and running a profit, they are actually quite a pretty sight.
This is the reason why banks use money in the first place. They want to make money, and they want to make money to buy things that make money. It’s just that many banks are now so small that they have little profit margins. They are only making money with these small banks, because they want to make things that are profitable for them, not just for their shareholders.
With the amount of money in the world today, and the fact that the government has already started to take a more active role in the economy, it’s not a stretch to think that a few banks just won’t be making any money.
With its goal that the next generation of financial institutions will be based on profit and no other considerations, the new financial services regulation bill recently introduced by the US Congress is actually a very good start. The bill aims to protect the small banks that are currently the most profitable in the industry. The bill, for instance, allows banks to only make loans that are profitable for the bank, and not lend more to other banks.
For years I have been telling people I don’t believe in banks. It seems to be a common misconception that banks are just a place where you can deposit your money. In a very real sense, they are financial institutions that are essentially banks. It’s just that one that doesn’t actually hold your money.
It is very true that banks are not only places to deposit your money, but their are also very profitable institutions. But are they all? The Federal Reserve, which has created the money that has become our currency, has made it very difficult for banks to make lending profitable. If banks were allowed to make loans they could lend more to each other, which would mean they could make a much larger profit.
This is because it takes time to get money from banks to lend to each other. But if banks were allowed to lend without the government’s approval, they could lend more to each other and make a much larger profit.
In my opinion, the solution was never to make banks lend just to themselves, because that would mean they could lend to each other (and I’m sure many would have preferred to have a bank that only lent to itself). Instead, banks should be allowed to lend to each other with the same approval as they do now, but with no government interference. This has the added benefit of making it easier for everyone to make loans to each other.