Today I went on an errand to the bank. When I arrived, I found the bank was closed. Locked up tighter than a ….
No explanation other than a sign which read:
This made me call to mind a quotation I had seen long ago which goes like this, “There is nothing so temporary as that which is considered permanent, and nothing so permanent as that which is considered temporary.”
What a shock! This bank is one of the largest banks in the country. Just like the Post Office, they are shutting down smaller branch offices, inconveniencing customers and putting employees out of work.
All of this while they collect over 17% interest on loans, but only paying a measly fraction of a percent interest on our deposits, which they use to make loans. No wonder usury is considered a sin in many religions.
This calls to mind another recent abuse of power. The Hertz board of directors, which took an enormous 1 Billion dollar dividend, for the purpose of self-enrichment. See video below.
It’s apparent we need more regulation in some areas of the banking industry. Some attempts so far are nothing more than the fox guarding the hen house.
They are pushing us toward digital currency. The notion is that we do not really need paper money or coins for business transactions. What do you think about this?