Australian Politics Forum - It Is Time To Turn The Tables On The Banks

issuevoter

Gold Member

Offline

Australian Politics

Posts: 9200
The Great State of Mind
Gender: male

Re: It Is Time To Turn The Tables On The Banks
Reply #30 - Feb 13^th, 2023 at 10:27am

Yes, NOW is the time to turn the tables on the banks, after they had been giving away loans at next to no interest for the last five years, on the Reserves theory that it would stimulate the economy. It was the fantasy of professional economists. It got so bad that Bankers started to seriously consider charging you to have an account.

Back to top

No political allegiance. No philosophy. No religion.

IP Logged

Aussie

Gold Member

Offline

OzPolitic

Posts: 38517
Gender: male

Re: It Is Time To Turn The Tables On The Banks
Reply #31 - Feb 13^th, 2023 at 10:34am

Gnads wrote on Feb 13^th, 2023 at 9:32am:

Sophia wrote on Feb 12^th, 2023 at 2:48pm:

Aussie wrote on Feb 12^th, 2023 at 2:34pm:

What sort of wanker would be happy to toss $5000.00 for just $5.00?

You misunderstood…
Someone can put in $5,000 into the poker machine…
It shows you have $5,000 credit… you play only $5… then press “pay out” or something…
You get a ticket for $4,995 from the machine (the venue staff come to machine to write ticket out and you sign it) and then get a cheque from the counter with proof of ID etc and cheque made out to you.
Hence $4,995 black money became clean money to spend without question “where did you get money from to spend” if there’s no income or any show in bank withdrawal etc

Our machines in my area show only up to $10,000 gamble at any time.
If a machine shows credit under $2,000 then we get paid cash… but any credit over $2,000 then gets paid by cheque.

You'd think someone like Aussie with his legalese would know that? Grin

Unlike you, I don't hang around with people who know the details of laundering via gambling.

Back to top

IP Logged

Sophia

Gold Member

Offline

Posts: 8278

Re: It Is Time To Turn The Tables On The Banks
Reply #32 - Feb 13^th, 2023 at 10:46am

Aussie wrote on Feb 13^th, 2023 at 10:34am:

Gnads wrote on Feb 13^th, 2023 at 9:32am:

Sophia wrote on Feb 12^th, 2023 at 2:48pm:

Aussie wrote on Feb 12^th, 2023 at 2:34pm:

What sort of wanker would be happy to toss $5000.00 for just $5.00?

You misunderstood…
Someone can put in $5,000 into the poker machine…
It shows you have $5,000 credit… you play only $5… then press “pay out” or something…
You get a ticket for $4,995 from the machine (the venue staff come to machine to write ticket out and you sign it) and then get a cheque from the counter with proof of ID etc and cheque made out to you.
Hence $4,995 black money became clean money to spend without question “where did you get money from to spend” if there’s no income or any show in bank withdrawal etc

Our machines in my area show only up to $10,000 gamble at any time.
If a machine shows credit under $2,000 then we get paid cash… but any credit over $2,000 then gets paid by cheque.

You'd think someone like Aussie with his legalese would know that? Grin

Unlike you, I don't hang around with people who know the details of laundering via gambling.

Uh… knowing how it’s done by working it out in recent light is one thing… hanging around those that do that sort of thing is another…. I may have have worked out how it’s done and why… but I don’t know of anyone that does it … and I certainly don’t have a lazy $5,000 or $10,000 cash sitting around … Sad

but I do like having a couple hours on occasions playing the pokies. So I understand their payment methods.

Back to top

IP Logged

Sophia

Gold Member

Offline

Posts: 8278

Re: It Is Time To Turn The Tables On The Banks
Reply #33 - Feb 13^th, 2023 at 10:56am

issuevoter wrote on Feb 13^th, 2023 at 10:27am:

Yes, NOW is the time to turn the tables on the banks, after they had been giving away loans at next to no interest for the last five years, on the Reserves theory that it would stimulate the economy. It was the fantasy of professional economists. It got so bad that Bankers started to seriously consider charging you to have an account.

I still remember how the 90’s burnt a lot of people and many lost the shirts off their backs… one guy we know in business nearly lost his business/house and said he was lucky and that he would NEVER trust banks again.

So with this in mind… when these extremely low interest rates were offered…and house prices souring ….
I kind of knew this would be entrapment ….I just felt it in my bones….
Now it’s happening all over again….
Funny isn’t it… expressions like stimulate the economy, then to slow/bring inflation down ….
It’s all manipulation…. Profits before people… closures of banks in country areas is proof of that… not providing adequate services.

Now there’s the threat of more interest rates hikes….
How is it supposed to work out….to turn the tables on the banks?

Back to top

IP Logged

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 11673
Gender: male

Re: It Is Time To Turn The Tables On The Banks
Reply #34 - Feb 13^th, 2023 at 11:00am

Aussie wrote on Feb 13^th, 2023 at 10:34am:

Gnads wrote on Feb 13^th, 2023 at 9:32am:

Sophia wrote on Feb 12^th, 2023 at 2:48pm:

Aussie wrote on Feb 12^th, 2023 at 2:34pm:

What sort of wanker would be happy to toss $5000.00 for just $5.00?

You misunderstood…
Someone can put in $5,000 into the poker machine…
It shows you have $5,000 credit… you play only $5… then press “pay out” or something…
You get a ticket for $4,995 from the machine (the venue staff come to machine to write ticket out and you sign it) and then get a cheque from the counter with proof of ID etc and cheque made out to you.
Hence $4,995 black money became clean money to spend without question “where did you get money from to spend” if there’s no income or any show in bank withdrawal etc

Our machines in my area show only up to $10,000 gamble at any time.
If a machine shows credit under $2,000 then we get paid cash… but any credit over $2,000 then gets paid by cheque.

You'd think someone like Aussie with his legalese would know that? Grin

Unlike you, I don't hang around with people who know the details of laundering via gambling.

As a lawyer, I'm sure you know a thing or two about criminals, does that mean....?

Back to top

IP Logged

Aussie Gold Member Offline OzPolitic Posts: 38517 Gender:	Re: It Is Time To Turn The Tables On The Banks Reply #35 - Feb 13^th, 2023 at 11:29am I know people in plenty of low places...never a money launderer.
Back to top	IP Logged

thegreatdivide

Gold Member

Offline

Australian Politics<br
/>

Posts: 12411
Gender: male

Re: It Is Time To Turn The Tables On The Banks
Reply #36 - Feb 13^th, 2023 at 11:38am

MeisterEckhart wrote on Feb 12^th, 2023 at 10:10am:

Belgarion wrote on Feb 12^th, 2023 at 10:03am:

Time was when the local bank was a pillar of the community where the manager and staff knew the local people and understood their needs, tailoring services to suit and not letting people get in over their heads. Now banking has become an impersonal money generating machine with no thought given to the individual beyond how much money can be screwed out of them for 'services' they don't need and may even be detrimental to their finances.

The depersonalisation of service via electronic banking has largely contributed to this.

However, who would deny that online banking is exponentially more convenient than back in the day when you had to walk into your bank to withdraw cash to pay bills?

No one would deny that; but banking (and so called investment banking) has morphed into money creation for bankers looking after high net worth individuals.

The state needs to muscle in, on the money-creation privilege - see MMT.

Back to top

IP Logged

Sophia

Gold Member

Offline

Posts: 8278

Re: It Is Time To Turn The Tables On The Banks
Reply #37 - Feb 13^th, 2023 at 11:58am

Aussie wrote on Feb 13^th, 2023 at 11:29am:

I know people in plenty of low places...never a money launderer.

Honestly Aussie! As if anyone is going to advertise they are Roll Eyes

Much the same as that nice charming male could be a pedo or a wife abuser, or a killer with bodies buried under the house.
These people are very good at masking their true selves. And how could any of us ever suspect them or even know of it…
……until later when something exposes them.

Back to top

IP Logged

Lisa Jones

Gold Member

Offline

Australian Politics

Posts: 39047
Sydney
Gender: female

Re: It Is Time To Turn The Tables On The Banks
Reply #38 - Feb 13^th, 2023 at 12:04pm

Aussie wrote on Feb 13^th, 2023 at 10:34am:

Gnads wrote on Feb 13^th, 2023 at 9:32am:

Sophia wrote on Feb 12^th, 2023 at 2:48pm:

Aussie wrote on Feb 12^th, 2023 at 2:34pm:

What sort of wanker would be happy to toss $5000.00 for just $5.00?

You misunderstood…
Someone can put in $5,000 into the poker machine…
It shows you have $5,000 credit… you play only $5… then press “pay out” or something…
You get a ticket for $4,995 from the machine (the venue staff come to machine to write ticket out and you sign it) and then get a cheque from the counter with proof of ID etc and cheque made out to you.
Hence $4,995 black money became clean money to spend without question “where did you get money from to spend” if there’s no income or any show in bank withdrawal etc

Our machines in my area show only up to $10,000 gamble at any time.
If a machine shows credit under $2,000 then we get paid cash… but any credit over $2,000 then gets paid by cheque.

You'd think someone like Aussie with his legalese would know that? Grin

Unlike you, I don't hang around with people who know the details of laundering via gambling.

Don’t look at me. The only laundering I know involves a 10 kilo Bosch front loader and lots of laundry liquid.

Back to top

If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

IP Logged

Lisa Jones

Gold Member

Offline

Australian Politics

Posts: 39047
Sydney
Gender: female

Re: It Is Time To Turn The Tables On The Banks
Reply #39 - Feb 13^th, 2023 at 12:07pm

issuevoter wrote on Feb 13^th, 2023 at 10:27am:

Yes, NOW is the time to turn the tables on the banks, after they had been giving away loans at next to no interest for the last five years, on the Reserves theory that it would stimulate the economy. It was the fantasy of professional economists. It got so bad that Bankers started to seriously consider charging you to have an account.

We kind of are turning the tables on our banks.

How? Our borrowings are locked in at 2% for a further 3 years.

Our savings are locked in at 5%.

It’s all about careful timing. And luck.

Back to top

If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

IP Logged

AusGeoff

Gold Member

Offline

Sage of Gippsland

Posts: 5999
Victoria
Gender: male

Re: It Is Time To Turn The Tables On The Banks
Reply #40 - Feb 13^th, 2023 at 12:08pm

Aussie wrote on Feb 12^th, 2023 at 2:34pm:

What sort of wanker would be happy to toss $5000.00 for just $5.00?

Um..... I don't think logic is one of your better skills Aussie? Grin

Aussie wrote on Feb 12^th, 2023 at 2:34pm:

A laundromat would provide a better return, or an adult shop, or a tattoo joint, or barbershop. A brothel even.

What? How do you launder money through a retail outlet or a brothel?
And how would it—according to you—be a more reliable method?

Back to top

IP Logged

MeisterEckhart Gold Member Offline Australian Politics Posts: 11673 Gender:	Re: It Is Time To Turn The Tables On The Banks Reply #41 - Feb 13^th, 2023 at 12:14pm Aussie wrote on Feb 13^th, 2023 at 11:29am: I know people in plenty of low places...never a money launderer. so they're ok if all they done is bashings and murders, but them money launderers, gawd... sh!t under your shoe.
Back to top	IP Logged

Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: It Is Time To Turn The Tables On The Banks Reply #42 - Feb 13^th, 2023 at 12:17pm Laundering money in Australia is easy according to my filthy rich Chinese neighbours. In fact Australia is the preferred destination for laundering money. The Chinese nationals highly recommend Australia as the go to country for cleaning money. I’ve even been told HOW it’s done. ☹️😞🥺
Back to top	If I let myself be bought then I am no longer free. HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415) IP Logged

John Smith Gold Member Offline Australian Politics Posts: 74217 Gender:	Re: It Is Time To Turn The Tables On The Banks Reply #43 - Feb 13^th, 2023 at 1:11pm Aussie wrote on Feb 13^th, 2023 at 11:29am: I know people in plenty of low places...never a money launderer. leave the sewer out of this
Back to top	Our esteemed leader: I hope that bitch who was running their brothels for them gets raped with a cactus. IP Logged

John Smith

Gold Member

Offline

Australian Politics

Posts: 74217
Gender: male

Re: It Is Time To Turn The Tables On The Banks
Reply #44 - Feb 13^th, 2023 at 1:15pm

Gnads wrote on Feb 13^th, 2023 at 9:37am:

John Smith wrote on Feb 13^th, 2023 at 5:06am:

Sophia wrote on Feb 12^th, 2023 at 10:32am:

MeisterEckhart wrote on Feb 12^th, 2023 at 10:10am:

Belgarion wrote on Feb 12^th, 2023 at 10:03am:

Time was when the local bank was a pillar of the community where the manager and staff knew the local people and understood their needs, tailoring services to suit and not letting people get in over their heads. Now banking has become an impersonal money generating machine with no thought given to the individual beyond how much money can be screwed out of them for 'services' they don't need and may even be detrimental to their finances.

The depersonalisation of service via electronic banking has largely contributed to this.

However, who would deny that online banking is exponentially more convenient than back in the day when you had to walk into your bank to withdraw cash to pay bills?

That’s about as far as electronic transactions and credit cards should go … everything else was good the way it was as Belgarian wrote… how good it was to walk into a bank and be greeted by staff and bank manager that knew your name.
It’s all changed now… so matter of fact and no warmth.

First they forced customers to do less in bank transactions towards internet or atm transactions, by reducing tellers.
Now that’s done… next is to force us away totally… to digitised money/no cash.
It’s very much like that now… our bills come out with direct debit… work payments goes into the bank account. People can do funds transfer online when they buy something off you.
So it looks like I’m hardly touching money anyway.
I see the crimes squad or whatever they’re called, in NSW are going to eventually eliminate cash in pokies.
I like how our local pizza offer free can of drink if we pay cash.

Don't forget they're already starting to phase out cheques. Com bank announced last month that it wasn't going to issue any more cheques or cheque accounts. The oldies that rely on cheques in more rural settings will be snuffed. They don't know how to use electronic, banks are closing and now they can't use cheques. They'll end up storing their cash under the mattress because they've no other options

Thus making the elderly more vunerable to home invasion & assault by criminals.

Yes the clubs I belong to are being advised now by Westpac & the ANZ that they will be doing away with their chequing accounts & not issuing any more cheque books.

I wasn't aware Westpac and ANZ had moved already. I knew that the Com bank had and Australia Post will from May no longer accept cheques for Australia Post services. They will still accept cheques made out to third parties so you can still pay the council etc with a cheque .... for now

Back to top

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

IP Logged