Poor / Arm

“the invisible hand of the free market will organize EVERYTHING for you. (or maybe not, maybe it does not give a damn about you)”

“theory of libertarians: only people that make money are 1. valuable 2. positive for society (no matter how you make that money, be it drugs, weapons or human trafficking. (paint your company in beautiful colors and make it look like you are an philanthropist…))”

i am demanding: FREE TRADE OF EVERYTHING, EVERYWHERE, ALL THE TIME! (yes you will also sell drugs on sundays) (it would be funny if it was not so real)

#FDP die unsichtbare Hand des freie Markt regelt ALLES. (oder auch nicht) #FDP Theorie (noch heute): Nur Menschen die Profit machen sind: 1. etwas wert 2. positiv für die Gesellschaft (ob mit Drogen, Waffen oder Menschenhandel ist EGAL) Sei ein guter Mitbürger und verkaufe deinen Kindern Drogen! (falls Sie kein Geld haben, gib ihnen einen Kredit)

It reads like this: “If a bank gives you a loan, it is charging you interest on money, that the bank never possessed in the first place.”

(a private bank can borrow 10$ from the FED or 10€ from the ECB of “real cash money” and lend out 90$ / 90€ in “artificial loan / debt created digital money” (“bank money” / Buchgeld, “checkbook money” / Giralgeld) and charge interest on that.

If you pay back 10% of your loan, the bank’s break even point is reached, but it (of course) insists that you pay back 100%+interest or sell off your house cheap and fast.

if interest rates are low – they simply charge more for the management of your bank account.

They earn money – no matter what they do.

Neulich auf Twitter: “Bank müsste man sein. Wenn sie dir einen Kredit gibt, kassiert sie jahrelang Zinsen auf Geld, das sie nie hatte. Wenn du pleite gehst, gehört dein Haus der Bank & wenn alles schief geht, wird sie vom Bürger/Staat gerettet. Einfach unglaublich!”

even a local bank’s employee (!) told me in my face: “i know a bank is a criminal organization.”

wow. i hope his honesty does not get him fired.

“Is it Friday again? Must be time for another banking scandal!

Seriously – these banking scandals are happening with such regularity and predictability it would be almost comical… were it not for the millions of people who have had their lives turned upside down.

Bear in mind that the ink isn’t even dry yet on the $1 billion check that Wells Fargo wrote last week as a penalty to settle its previous scandal, where they defrauded 570,000 clients in a car insurance scam.”

And . . . yet another Wells Fargo banking scandal

Key people
Elizabeth Duke
(Chair)
Timothy J. Sloan
(President and CEO)
Revenue Increase US$88.389 billion (2017)[1]
Decrease US$27.337 billion (2017)[1]
Increase US$22.183 billion (2017)[1]
Total assets Increase US$1.952 trillion (2017)[1]
Total equity Increase US$206.936 billion (2017) [1]
Owner Berkshire Hathaway = WARREN BUFFET (9.9%) net worth of US$87.5 billion as of February 17, 2018
Number of employees
268,800 (2016)[1]

https://en.wikipedia.org/wiki/Wells_Fargo