danbaron
10-06-2012, 20:53
"No money to buy food?
Sorry for the inconvenience, and, thank you for your patience.
Remember, our customers are our highest priority!"
http://the2012scenario.com/2012/06/first-bank-to-block-all-accounts-italys-bni/#more-126934
http://the2012scenario.com/2012/06/more-on-closure-of-bni-italy/#more-126995
(Absolutely, I don't know how suspending all payments for a month helps anything. If I have many bills, so, I "suspend" all payments for a month, how does that help my situation? I still owe the money. My guess is that the bank did this in order to seem, not helpless. From the bank's viewpoint, it is better to appear to be in charge. If a customer comes in and says, "Give me $200 from my account.", and the bank worker responds, "Sorry, we don't have any money.", that appears much worse. But, I think people are not so stupid. They realize that attempting to manipulate public perception does not change the reality.
The more I think about it, the more I become convinced that this was done in order to prevent a "run" on the bank. When the word begins to spread that the bank may be becoming insolvent, all of the customers will try to simultaneously get all of their money, i.e. (<-- "that is"), they will perpetrate a "run". The bank, getting "official" authorization to suspend all payments, temporarily prevents this. But, at some point, the bank has to re-open, correct? What do you think the customers will do then? And, if and when the bank re-opens, do you think the customers are going to be in a good mood?
If you think about it, if putting your money in a bank becomes like gambling, or the bank becomes like your parent who can decide whether or not to give you what is yours, then, isn't it obviously better to demand that you always be paid in cash? If you keep all of your money as cash in your mattress, then, you always have access to it, right?
When the bank does re-open, how do you think the customers will like it if, the bank "rations" how much they can get of their own money?
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I don't have any interest in, and, I know little about financial systems.
But, here are my speculations.
The first step in the collapse of a modern financial system, is when the people lose confidence in the banks, and demand to be paid in cash.
The next step is when hyperinflation begins.
Then, people demand to be paid in something with intrinsic value, like gold or silver.
If you think about it, currency has zero intrinsic value.
It is completely abstract.
As soon as the people believe it is worthless, it becomes worthless.
After the onset of hyperinflation, the government fires (and maybe prosecutes) some or all of the financial officials.
In other words, the government designates certain people ("scapegoats") who it hopes the people will hold entirely responsible.
Then, the government institutes a new system, and the entire cycle begins again.
The result is that at the end of every cycle, most of the people have been reduced to beggars, and, a relatively tiny group, which desperately hopes to remain unknown, has become obscenely wealthy, from taking all of the wealth for themselves, in a way that is so circuitous, that it is virtually impossible to trace.
Notice that, the system is always intentionally made to be so complex that, each time, extremely circuitous methods of theft are available to the white-collar criminals, who remain happy, often famous and revered by the public, and free.
So far at least, nothing is ever done to make the system simple, and so, transparent to theft.
To me, a huge amount of the trouble comes because currencies are officially redeemable for, nothing at all.
If, a particular amount of some currency was redeemable, say for one ounce of gold, maybe things would be better.
But, maybe not, because, almost absolutely and certainly, the government would print more of the currency than it had gold to be redeemed for.
How can you legislate against charming heartless psychopaths rising to the top of pyramidal organizations?
I guess, maybe in the future, by implementing the use of brain scans to filter out the "bad seeds", yes or no?
Recently, I have heard about "functional" MRIs.
Apparently, when, for instance, psychopaths are shown photographs which evoke strong emotions in normal people, especially strong sympathetic emotions, the parts of their brains associated with the feelings of such emotions, are not activated. There is no difference between when they are shown a picture of a rock, and when they are shown a picture of a child who has obviously been shot to death.
Some researchers theorize that psychopaths are born (hard-wired) that way. Others theorize that those parts of their brains have atrophied due to lack of use, from the accumulation of a long sequence of conscious decisions - from the exercise of their free will, over time.
Of course, you may object that free will, does not exist.
In that case, I have no data with which I can currently dispute you.
--------------------------------------------------------------------------------
One more thing.
I think it is an indicator that a system is on the verge of collapse, when, corruption becomes rampant.
The thieves realize that the whole thing is going to fall apart, so, they try to grab as much as they can, and get away.
(That's the nature of cowardly thieves, correct?))
Sorry for the inconvenience, and, thank you for your patience.
Remember, our customers are our highest priority!"
http://the2012scenario.com/2012/06/first-bank-to-block-all-accounts-italys-bni/#more-126934
http://the2012scenario.com/2012/06/more-on-closure-of-bni-italy/#more-126995
(Absolutely, I don't know how suspending all payments for a month helps anything. If I have many bills, so, I "suspend" all payments for a month, how does that help my situation? I still owe the money. My guess is that the bank did this in order to seem, not helpless. From the bank's viewpoint, it is better to appear to be in charge. If a customer comes in and says, "Give me $200 from my account.", and the bank worker responds, "Sorry, we don't have any money.", that appears much worse. But, I think people are not so stupid. They realize that attempting to manipulate public perception does not change the reality.
The more I think about it, the more I become convinced that this was done in order to prevent a "run" on the bank. When the word begins to spread that the bank may be becoming insolvent, all of the customers will try to simultaneously get all of their money, i.e. (<-- "that is"), they will perpetrate a "run". The bank, getting "official" authorization to suspend all payments, temporarily prevents this. But, at some point, the bank has to re-open, correct? What do you think the customers will do then? And, if and when the bank re-opens, do you think the customers are going to be in a good mood?
If you think about it, if putting your money in a bank becomes like gambling, or the bank becomes like your parent who can decide whether or not to give you what is yours, then, isn't it obviously better to demand that you always be paid in cash? If you keep all of your money as cash in your mattress, then, you always have access to it, right?
When the bank does re-open, how do you think the customers will like it if, the bank "rations" how much they can get of their own money?
--------------------------------------------------------------------------------
I don't have any interest in, and, I know little about financial systems.
But, here are my speculations.
The first step in the collapse of a modern financial system, is when the people lose confidence in the banks, and demand to be paid in cash.
The next step is when hyperinflation begins.
Then, people demand to be paid in something with intrinsic value, like gold or silver.
If you think about it, currency has zero intrinsic value.
It is completely abstract.
As soon as the people believe it is worthless, it becomes worthless.
After the onset of hyperinflation, the government fires (and maybe prosecutes) some or all of the financial officials.
In other words, the government designates certain people ("scapegoats") who it hopes the people will hold entirely responsible.
Then, the government institutes a new system, and the entire cycle begins again.
The result is that at the end of every cycle, most of the people have been reduced to beggars, and, a relatively tiny group, which desperately hopes to remain unknown, has become obscenely wealthy, from taking all of the wealth for themselves, in a way that is so circuitous, that it is virtually impossible to trace.
Notice that, the system is always intentionally made to be so complex that, each time, extremely circuitous methods of theft are available to the white-collar criminals, who remain happy, often famous and revered by the public, and free.
So far at least, nothing is ever done to make the system simple, and so, transparent to theft.
To me, a huge amount of the trouble comes because currencies are officially redeemable for, nothing at all.
If, a particular amount of some currency was redeemable, say for one ounce of gold, maybe things would be better.
But, maybe not, because, almost absolutely and certainly, the government would print more of the currency than it had gold to be redeemed for.
How can you legislate against charming heartless psychopaths rising to the top of pyramidal organizations?
I guess, maybe in the future, by implementing the use of brain scans to filter out the "bad seeds", yes or no?
Recently, I have heard about "functional" MRIs.
Apparently, when, for instance, psychopaths are shown photographs which evoke strong emotions in normal people, especially strong sympathetic emotions, the parts of their brains associated with the feelings of such emotions, are not activated. There is no difference between when they are shown a picture of a rock, and when they are shown a picture of a child who has obviously been shot to death.
Some researchers theorize that psychopaths are born (hard-wired) that way. Others theorize that those parts of their brains have atrophied due to lack of use, from the accumulation of a long sequence of conscious decisions - from the exercise of their free will, over time.
Of course, you may object that free will, does not exist.
In that case, I have no data with which I can currently dispute you.
--------------------------------------------------------------------------------
One more thing.
I think it is an indicator that a system is on the verge of collapse, when, corruption becomes rampant.
The thieves realize that the whole thing is going to fall apart, so, they try to grab as much as they can, and get away.
(That's the nature of cowardly thieves, correct?))