Be the Bank
Moving pieces of paper, the billions of dollars flowing daily... their ROI must be over 10k times their daily cost, at least ( I don't know, haven't looked it up ).
Transaction fees, interest to be charged for lending that money on 'hold,' balancing other accounts with partial amounts of the freely borrowed money on 'hold,' many fees derived from transactions and 'services' can be rendered.
In a conventional sense, this practice of banking in this fashion is simply delaying having to use their own funds to transact in commerce, since they are the central figure in the commercial game, virtually all transactions flow through them.... the money changers. Excluding fractionalizing their reserve balances, they can use the slushy free money they get to push around for 24 hours.. and they do!
There should be more honest, locally grown and known bankers, not so much corporate banks and their hired-gunslinging corporate assassin, but bankers who you know personally and will teach you how things are properly done, as an honest vessel in commerce should.
If anyone was lent money by your relative, and you paid them back, well, they were a banker and you were their client. And I'm sure it was their money, not your community's money purposed for other means.
You'll know if you're dealing with an honest banker or simply a bankster when you'll be sold a sales pitch or shown documentation and ownership of assets when investing your money. A banker can teach you to mind your money better, and thus produce a disciplined approach to funds.... possibly producing an influx of savings leading to asset ownership while continually trimming the list of liabilities and needless expenditures.
Your Financial Education Begins Here!
Transaction fees, interest to be charged for lending that money on 'hold,' balancing other accounts with partial amounts of the freely borrowed money on 'hold,' many fees derived from transactions and 'services' can be rendered.
In a conventional sense, this practice of banking in this fashion is simply delaying having to use their own funds to transact in commerce, since they are the central figure in the commercial game, virtually all transactions flow through them.... the money changers. Excluding fractionalizing their reserve balances, they can use the slushy free money they get to push around for 24 hours.. and they do!
There should be more honest, locally grown and known bankers, not so much corporate banks and their hired-gunslinging corporate assassin, but bankers who you know personally and will teach you how things are properly done, as an honest vessel in commerce should.
If anyone was lent money by your relative, and you paid them back, well, they were a banker and you were their client. And I'm sure it was their money, not your community's money purposed for other means.
You'll know if you're dealing with an honest banker or simply a bankster when you'll be sold a sales pitch or shown documentation and ownership of assets when investing your money. A banker can teach you to mind your money better, and thus produce a disciplined approach to funds.... possibly producing an influx of savings leading to asset ownership while continually trimming the list of liabilities and needless expenditures.
Your Financial Education Begins Here!
Comments