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The Privileged Elite

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magicjuan said:
The means of making money doesn't change, the banking business itself is an outright scam, always was, always will be, but it exists only to serve a few, diluting the gene pool just wouldn't do, the money always has to be controlled by those at the very top of the system
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Actually, the banking business wasn't always a scam - not by its original purpose and intention. It served a very real and sensible purpose.

But it certainly is now.
 
The Cowboy said:
Actually, the banking business wasn't always a scam - not by its original purpose and intention. It served a very real and sensible purpose.

But it certainly is now.
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When was this? Not the deposit element of transferring coins or notes to a bearer, but as a business using usury, fractal reserve lending and the concept of fiscal products and debt. None of this was philanthropic, in fact it is as old as recorded history, what passed as a banking business.

In recent times, despite the tutting of the untutored, you only need to look at Mayer Rothschild and his descendants, Rockerfeller and the cartel creation at Jekyll island to manufacture the Federal Reserve, the funding of war machinery, on both sides of a conflict, especially the second world war, in particular Prescott Bush who made his money from prohibition before lending money to Hitler's Germany.

I cannot recall ever reading of an honourable banker and the old defense of 'it's just business' doesn't wash when you consider the web of suffering it unleashes in the pursuit of profit. It isn't a necessary evil.
 
magicjuan said:
When was this? Not the deposit element of transferring coins or notes to a bearer, but as a business using usury, fractal reserve lending and the concept of fiscal products and debt. None of this was philanthropic, in fact it is as old as recorded history, what passed as a banking business.

In recent times, despite the tutting of the untutored, you only need to look at Mayer Rothschild and his descendants, Rockerfeller and the cartel creation at Jekyll island to manufacture the Federal Reserve, the funding of war machinery, on both sides of a conflict, especially the second world war, in particular Prescott Bush who made his money from prohibition before lending money to Hitler's Germany.

I cannot recall ever reading of an honourable banker and the old defense of 'it's just business' doesn't wash when you consider the web of suffering it unleashes in the pursuit of profit. It isn't a necessary evil.
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I'm talking about the use of futures for companies to be able to secure the sale of their produce, or buy cotton, at a set price in the future according to their seasonal output/requirements.
 
The Cowboy said:
I'm talking about the use of futures for companies to be able to secure the sale of their produce, or buy cotton, at a set price in the future according to their seasonal output/requirements.
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That is just a trade agreement in essence, but the trading of futures still holds risk
 

The elite will always do everything in their power to maintain their positions and status. As time goes on it'll become harder and harder for people like us to break through the glass ceiling they've effectively created.
 
The Cowboy said:
Sure, but it was a real, sensible financial mechanism that want intended to scan anyone.
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Is one way of viewing it. Another is seeing finance institutions create methods of giving access to credit to those with less ability to do so.
If you look at money lending they range from supplying credit to those who don't need it at low rates and extortionate rates to those who do. It is how 'ownership' is and always has been created.

Regardless of risk levels altruism doesn't enter the equation but overall greed does and greed is the motor the keeps the finance engine running.
 
I don't get the outrage with this. They paid to go to private school so surely have the right to be auto selected for these prestigious jobs over those who achieved the same but only went to normal schools?
 
magicjuan said:
Is one way of viewing it. Another is seeing finance institutions create methods of giving access to credit to those with less ability to do so.
If you look at money lending they range from supplying credit to those who don't need it at low rates and extortionate rates to those who do. It is how 'ownership' is and always has been created.

Regardless of risk levels altruism doesn't enter the equation but overall greed does and greed is the motor the keeps the finance engine running.
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For "greed" use "ambition" ?

Not in the banking sector mind. But capitalism in general.
 

roydo said:
So what?

It just doesnt grind my gears.
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It highlights that the most 'important' and influential roles of society are reserved for a disproportionately high number of privately schooled, wealthy individuals, which is not only unhealthy, but also unfair - in the true sense of the word.
 
magicjuan said:
They're terrified someone with a conscience may get through the net, realise what exactly happens and bubbles the lot of them.

Misplaced paranoia tbh, they may occasionally offer up a sacrificial lamb but they know the mesh of the system operates to save itself. It's like rows of dominoes, if the first goes down they all eventually tumble so they put their resources into protecting that first one.
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What do you reckon "happens" after someone gets a job at a bank?
 
Seanjd said:
It highlights that the most 'important' and influential roles of society are reserved for a disproportionately high number of privately schooled, wealthy individuals, which is not only unhealthy, but also unfair - in the true sense of the word.
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As long as they do it well, which is debatable, granted, I couldnt care less.
 

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