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

John Smith

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Re: It Is Time To Turn The Tables On The Banks
Reply #45 - Feb 13^th, 2023 at 1:18pm

AusGeoff wrote on 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?

you can run as many customers through your till as you like with cash based businesses. Unless the ATO is going to stand at your door and count them, how would they know if Bobby really paid $500 for 15 mins with Lisa? Cheesy

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

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Agnes.

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Re: It Is Time To Turn The Tables On The Banks
Reply #46 - Feb 13^th, 2023 at 1:34pm

John Smith wrote on Feb 13^th, 2023 at 1:18pm:

AusGeoff wrote on 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?

you can run as many customers through your till as you like with cash based businesses. Unless the ATO is going to stand at your door and count them, how would they know if Bobby really paid $500 for 15 mins with Lisa? Cheesy

Larry 500- paid for by Bobby, I doubt it very much!

A good STURDY scrub brush coming out-- !!

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Sophia

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Re: It Is Time To Turn The Tables On The Banks
Reply #47 - Feb 13^th, 2023 at 3:42pm

Lisa Jones wrote on 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. ☹️😞🥺

Chinese? All I could think of is in Casino on Craps tables. No matter if it’s on board cruise ship pokies or Melbourne Crown casino… I walk past and I see mainly all solemn looking Chinese faces on them craps tables. There’s even a private room where “members” go.
That’s where big money gambler tables are!
I will stick to my 1c and 2c pokies

But I do look around and notice a lot … being partially deaf I look at people and things more than the average bear.

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Sophia Gold Member Offline Posts: 8278	Re: It Is Time To Turn The Tables On The Banks Reply #48 - Feb 13^th, 2023 at 9:16pm Ken O’Keefe … The financial system is the head of the snake… https://vt.tiktok.com/ZS85SofHV/
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Lisa Jones

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Re: It Is Time To Turn The Tables On The Banks
Reply #49 - Feb 13^th, 2023 at 9:21pm

Sophia wrote on Feb 13^th, 2023 at 3:42pm:

Lisa Jones wrote on 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. ☹️😞🥺

Chinese? All I could think of is in Casino on Craps tables. No matter if it’s on board cruise ship pokies or Melbourne Crown casino… I walk past and I see mainly all solemn looking Chinese faces on them craps tables. There’s even a private room where “members” go.
That’s where big money gambler tables are!
I will stick to my 1c and 2c pokies

But I do look around and notice a lot … being partially deaf I look at people and things more than the average bear.

Actually I never thought of gambling but you’re right....the Chinese do gamble heavily.

Even so, the quickest, easiest most efficient way to launder money today in Australia isn’t through gambling.

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issuevoter

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Re: It Is Time To Turn The Tables On The Banks
Reply #50 - Feb 13^th, 2023 at 10:30pm

Lisa Jones wrote on 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.

Who's giving you 5%?

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freediver

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Re: It Is Time To Turn The Tables On The Banks
Reply #51 - Feb 14^th, 2023 at 6:26am

I hate getting cheques. Anyone who gives you cheques these days is gambling on you not bothering to cash it.

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.

It did stimulate the economy. We would have had a pretty bad recession if they hadn't.

Gnads wrote on Feb 13^th, 2023 at 9:25am:

freediver wrote on Feb 12^th, 2023 at 9:39am:

Why don't the unions provide the service WK? There are plenty of financial institutions run by unions these days. That would make more sense than crying about a private company not being a charity.

To be fair, the union bosses would probably prefer to pocket the money than lose it on providing services to regional areas.

Since when has providing banking services ever been a charity?

Since people expected to get the service without paying the real cost.

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Sophia

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Re: It Is Time To Turn The Tables On The Banks
Reply #52 - Feb 14^th, 2023 at 6:51am

freediver wrote on Feb 14^th, 2023 at 6:26am:

I hate getting cheques. Anyone who gives you cheques these days is gambling on you not bothering to cash it.

There’s that problem it gets stuffed in your wallet or in your office to physically bring into bank later ….then it takes many “bank days” before it clears….Trouble with cheques… they can bounce. And very often they have as one could not know if funds were in account or not and then there was the bank charge for bounced cheques.
I have a cheque book but I maybe only write 2-3 cheques per year.
If it becomes obsolete, then I can live without it.
I’ve been weened from it by trending towards online banking, direct debit, Visa card, etc

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Captain Caveman Gold Member Offline Australian Politics Posts: 6211 Gender:	Re: It Is Time To Turn The Tables On The Banks Reply #53 - Feb 14^th, 2023 at 7:19am I'd give up the bank tomorrow if I could still get my pay in those yellow envelopes. I heard you can still request to be played in cash. Much preferable to me than some greazy banker promising the world while stripping the universe from around it. I hate banks, and the slime balls that run them.
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thegreatdivide

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Re: It Is Time To Turn The Tables On The Banks
Reply #54 - Feb 14^th, 2023 at 9:09am

Captain Caveman wrote on Feb 14^th, 2023 at 7:19am:

I'd give up the bank tomorrow if I could still get my pay in those yellow envelopes.
I heard you can still request to be played in cash.
Much preferable to me than some greazy banker promising the world while stripping the universe from around it.
I hate banks, and the slime balls that run them.

Banks have the privilege of creating money which borrowers must repay with interest.

It's time for the state (with a treasury and central bank) which is the issuer of the nation's currency to be authorized to issue its own debt free money to fund public programs.

Then the state wouldn't need your "taxpayer money", and private banks would be reduced to their lending function in the private sector, rather than selling government bonds to rich people - interest on which which has to be repaid by the rest of us via taxes.

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Gnads

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Re: It Is Time To Turn The Tables On The Banks
Reply #55 - Feb 14^th, 2023 at 9:26am

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.

Neither do I ..... seems I'm just a tad more worldly than you.

And it doesn't take an Einstein to work out depositing $2000 ill gotten gains(not yours in the first place) in a poker machine & playing $5 or $10 down & pressing the collect button will then get you $ 1,990 clean money .... a small fee to pay....

if you're arsey Aussie Grin

you may increase the total & make a bigger clean profit. Roll Eyes

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"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais

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Gnads

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Re: It Is Time To Turn The Tables On The Banks
Reply #56 - Feb 14^th, 2023 at 9:32am

issuevoter wrote on Feb 13^th, 2023 at 10:30pm:

Lisa Jones wrote on 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.

Who's giving you 5%?

2.5 to 3% tops for term deposits.

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"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais

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Gnads

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Re: It Is Time To Turn The Tables On The Banks
Reply #57 - Feb 14^th, 2023 at 9:36am

freediver wrote on Feb 14^th, 2023 at 6:26am:

I hate getting cheques. Anyone who gives you cheques these days is gambling on you not bothering to cash it.

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.

It did stimulate the economy. We would have had a pretty bad recession if they hadn't.

Gnads wrote on Feb 13^th, 2023 at 9:25am:

freediver wrote on Feb 12^th, 2023 at 9:39am:

Why don't the unions provide the service WK? There are plenty of financial institutions run by unions these days. That would make more sense than crying about a private company not being a charity.

To be fair, the union bosses would probably prefer to pocket the money than lose it on providing services to regional areas.

Since when has providing banking services ever been a charity?

Since people expected to get the service without paying the real cost.

Yeah? what's the real cost?

Banks have rationalised thousands of staff, shut down branches nationally & turned into target focused on-sellers of services..... many that people can't afford.

So instead of being minders & users/investors of peoples money for a small return .....

they are charging people to use their own money.

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"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais

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John Smith

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Re: It Is Time To Turn The Tables On The Banks
Reply #58 - Feb 14^th, 2023 at 9:46am

Gnads wrote on Feb 14^th, 2023 at 9:36am:

freediver wrote on Feb 14^th, 2023 at 6:26am:

I hate getting cheques. Anyone who gives you cheques these days is gambling on you not bothering to cash it.

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.

It did stimulate the economy. We would have had a pretty bad recession if they hadn't.

Gnads wrote on Feb 13^th, 2023 at 9:25am:

freediver wrote on Feb 12^th, 2023 at 9:39am:

Why don't the unions provide the service WK? There are plenty of financial institutions run by unions these days. That would make more sense than crying about a private company not being a charity.

To be fair, the union bosses would probably prefer to pocket the money than lose it on providing services to regional areas.

Since when has providing banking services ever been a charity?

Since people expected to get the service without paying the real cost.

Yeah? what's the real cost?

Banks have rationalised thousands of staff, shut down branches nationally & turned into target focused on-sellers of services..... many that people can't afford.

So instead of being minders & users/investors of peoples money for a small return .....

they are charging people to use their own money.

The problem with the banks argument (and FD's) is that it's not about making a profit. Banks already make a very good profit with the branches operating ... it's all about INCREASING profits.

Four to five billion dollars a year profit isn't enough Roll Eyes

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

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AusGeoff

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Re: It Is Time To Turn The Tables On The Banks
Reply #59 - Feb 14^th, 2023 at 11:10am

In the past couple of years, we've had four banks close down
in our little town.

The Commonwealth, National, ANZ, and Westpac.

The Commonwealth was privatised by the Labor government
in 1996, which should never have been allowed to happen.
I'd say APRA should've forced the Commonwealth to remain
open and not close any/all branches under its licensing terms.
Surely this could be instituted under APRA's supervision of
Australian ADIs (authorised deposit-taking institutions)?

The Australian Transaction Reports and Analysis Centre (AUSTRAC)
launched civil proceedings in 2017 in the Federal Court of Australia,
alleging that CBA had breached money laundering and terrorism
financing laws on 53,700 occasions between 2012 and 2015.

How is it that the "peoples" bank, the CBA, which was under direct
government ownership and control for 100 years can now be in
the hands of money-grubbing shareholders? How did we ever let
Keating get away with this back in the day?

No wonder its branches are being closed. Angry

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