And there it is, in a nutshell (Oooh sorry about that). Communal ownership through implied consent. The money lent is credit, not currency, but it is treated the same as coins and bills and it is that treatment that might be our troubles today. Jimmy can get credit for his 29 nuts but not 29 nuts.
If Jed Clampett went to the Bank of Beverly Hills with a wheelbarrow and asked for all his "mill-y-un" dollars he would get a song and dance instead. Word gets out and then we have a run on the bank, financial crisis, and another brick in the wall of control by the elite.
I read somewhere that there's only about 500 bucks in actual currency per person floating about the world at any given time. Don't know if it's true but given how so many xactions are done via credit or digital (God help us), it certainly sounds plausible. -lg
Had an interesting convo with a bank teller yesterday. Went to deposit a couple checks and with draw some cash. After she did the transactions, the little pad that they make you sign comes up with the net total. I looked at her and said "I know that's the net total. I want separate transactions posted on the account." She got all huffy, then said "That's two transactions" I looked over my shoulder just to ascertain that there was no one standing in line behind me. Then said "Are you REALLY that busy that you can't post the transactions the way I asked?" I was prepared to say "Do you really want to have to explain to the branch manager how you didn't service a customer the way that the customer wanted, causing the customer to close his large deposits and transfer them to another bank?
Sometimes I think these tellers, who are no more talented than checkout people at the grocery store and probably make less money, think it's their money.
I forget the name of it, but a former banker wrote about his experiences in the trade a while back and said that banks don't pay very well and a major part of the compensation is they get to work in a bank, which most people who don't work in one think is a glamorous and highly paid job when it is neither. Anyway, he said it tended to attract a certain sort who liked to lord it over the people they looked down on. Which would be you and me and all the rest of their customers.........So yes, that thing you sometimes think is in fact the way they think, all the time.
Now, Irish, as to the squirrel's nuts.........same place most guy's nuts are. In a jar in his wife's purse. Next problem, please.
Things have changed since we were young. They don't need your deposit anymore, in fact they want to pay you *negative* interest to hold it for you (as soon as they can figure out how to get rid of cash). Threatening to take your money elsewhere is not actually threatening at all.
And there it is, in a nutshell (Oooh sorry about that).
ReplyDeleteCommunal ownership through implied consent. The money lent is credit, not currency, but it is treated the same as coins and bills and it is that treatment that might be our troubles today. Jimmy can get credit for his 29 nuts but not 29 nuts.
If Jed Clampett went to the Bank of Beverly Hills with a wheelbarrow and asked for all his "mill-y-un" dollars he would get a song and dance instead. Word gets out and then we have a run on the bank, financial crisis, and another brick in the wall of control by the elite.
I read somewhere that there's only about 500 bucks in actual currency per person floating about the world at any given time. Don't know if it's true but given how so many xactions are done via credit or digital (God help us), it certainly sounds plausible.
Delete-lg
The Weasels need to threaten the US to print more nuts or else.
ReplyDeleteThat's just nuts!
ReplyDeleteMaybe the weasels should go back to the GOLD standard of nuts - maybe bring that up at the next meeting at Jekyll island.
ReplyDeleteHad an interesting convo with a bank teller yesterday. Went to deposit a couple checks and with draw some cash. After she did the transactions, the little pad that they make you sign comes up with the net total. I looked at her and said "I know that's the net total. I want separate transactions posted on the account." She got all huffy, then said "That's two transactions" I looked over my shoulder just to ascertain that there was no one standing in line behind me. Then said "Are you REALLY that busy that you can't post the transactions the way I asked?" I was prepared to say "Do you really want to have to explain to the branch manager how you didn't service a customer the way that the customer wanted, causing the customer to close his large deposits and transfer them to another bank?
ReplyDeleteSometimes I think these tellers, who are no more talented than checkout people at the grocery store and probably make less money, think it's their money.
Nemo
I forget the name of it, but a former banker wrote about his experiences in the trade a while back and said that banks don't pay very well and a major part of the compensation is they get to work in a bank, which most people who don't work in one think is a glamorous and highly paid job when it is neither. Anyway, he said it tended to attract a certain sort who liked to lord it over the people they looked down on. Which would be you and me and all the rest of their customers.........So yes, that thing you sometimes think is in fact the way they think, all the time.
DeleteNow, Irish, as to the squirrel's nuts.........same place most guy's nuts are. In a jar in his wife's purse. Next problem, please.
Things have changed since we were young. They don't need your deposit anymore, in fact they want to pay you *negative* interest to hold it for you (as soon as they can figure out how to get rid of cash). Threatening to take your money elsewhere is not actually threatening at all.
DeleteThose dimes and quarters of my youth would have been sufficient, mostly. And ...all destructed.
ReplyDeleteNixon took us off the but standard in the Seventies. That's why we work for peanuts today.
ReplyDeleteEasy, ya print more nuts....err, money!
ReplyDeleteAsk ANY democrap economist...
Jimmy isn't getting married and will starve to death.
ReplyDeleteJimmy's nuts are in a vise.
ReplyDeleteJimmy doesn't know it now, but this was the luckiest day of his life. He dodged a bullet in not getting married to Jenny.
ReplyDeleteHe needs to take one one of those nuts (currency) and give it to #124 in the FFF post for professional services to be rendered.