Banks can't Count

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Andrew Krajewski




Thu Nov 27, 2014 8:40 pm

Banks can't Count

by Andrew Krajewski » Thu Aug 20, 2015 5:42 pm

The Co-op bank has just posted losses of £204 million
and joins an ever growing list of bank disasters around the world.

What on earth is going on?
Banks are supposed to look after our money
and indeed grow our money
not lose our money.

A business has to balance it's books.
We have to live within our budgets.

If we or a business want to borrow from a bank
we have zillions of questions to answer
and if we fall behind with payments we get a serious 'visit'.

So how is it that banks can make these losses
and all that happens is that the Government bails them out with our taxpayers money?

It strikes me that it's one rule for the banks
and another for us, their customers.

Clearly the whole system is corrupt.

Could it be because the banks can print money
now that there are no Gold reserves
to back the bits of paper
called money?

Can somebody please explain?

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