Public Banking
4 posters
Page 1 of 1
Re: Public Banking
by Agartha Wed Oct 01, 2014 10:41 am
Amazing little girl, who is speaking out for many of us.
The thing is: how do we stop banking when banking has been around for thousands of years?
2000 years before Christ the Babylonians used to loan grains to farmers who had to repay them with interest. Banking is one of the oldest trades.
Victoria says all countries should create their own banks: that happens already in developing countries like Argentina, for example, and the poor are still getting poorer. Going with the same example, Argentina has been manufacturing lots of goods in the country now, for about a decade, but the majority of its citizens are still poor, actually, poorer than before.
I personally think the World bank should erase some countries debts, to allow them to start with a clean slate. But, and it's a big but, will those countries politicians stir away from corruption to better their own people?
The thing is: how do we stop banking when banking has been around for thousands of years?
2000 years before Christ the Babylonians used to loan grains to farmers who had to repay them with interest. Banking is one of the oldest trades.
Victoria says all countries should create their own banks: that happens already in developing countries like Argentina, for example, and the poor are still getting poorer. Going with the same example, Argentina has been manufacturing lots of goods in the country now, for about a decade, but the majority of its citizens are still poor, actually, poorer than before.
I personally think the World bank should erase some countries debts, to allow them to start with a clean slate. But, and it's a big but, will those countries politicians stir away from corruption to better their own people?
Agartha- Admin
- Posts : 28871
Join date : 2014-06-10
Location : Behind you.
Re: Public Banking
by Rockhopper Wed Oct 01, 2014 5:35 pm
Interesting origin of the word "Bank". It was in the days of the early West Asia moneylenders who would set up the little desk Usually at the Temples, and lend out money. The system was strrictly controlled by the the Moneylenders Council who decided what was a fair interest to charge on loans.
The Moneylenders desk with it's abacus was called a "Bankh". If one of them broke the rules, then the Council would literally smash up their desk and put the lender out of business "Bankharupta".
Tim.
The Moneylenders desk with it's abacus was called a "Bankh". If one of them broke the rules, then the Council would literally smash up their desk and put the lender out of business "Bankharupta".
Tim.
Rockhopper- Posts : 4282
Join date : 2014-06-13
Age : 80
Location : Island Paradise
Re: Public Banking
by Monk (in hiding) Thu Oct 02, 2014 9:03 am
The BANKS control the flow of the currentcy
Notice how the JUDGE sits on the BENCH!
The first is Middle English banke from Old Norse banki meaning 'ridge'. This is the meaning found in embankment, usually a man made earthen mound, and perhaps the bank on the side of a river. This Old Norse word comes from Germanic *bankon which is probably related to Germanic *banki-z 'bench'.
The second etymology is also Germanic but actually came in to English via Late Latin *bancus, via Norman French baunk. In this case, "bank" means "bench", but because the bench is where the money handlers sat in the market, "bank" also came to mean the house of financial transactions in French, Spanish (banco) and Italian.
http://www.personal.psu.edu/ejp10/blogs/thinking/2009/04/banks-and-benchs---a-complicat.html
Notice how the JUDGE sits on the BENCH!
The first is Middle English banke from Old Norse banki meaning 'ridge'. This is the meaning found in embankment, usually a man made earthen mound, and perhaps the bank on the side of a river. This Old Norse word comes from Germanic *bankon which is probably related to Germanic *banki-z 'bench'.
The second etymology is also Germanic but actually came in to English via Late Latin *bancus, via Norman French baunk. In this case, "bank" means "bench", but because the bench is where the money handlers sat in the market, "bank" also came to mean the house of financial transactions in French, Spanish (banco) and Italian.
http://www.personal.psu.edu/ejp10/blogs/thinking/2009/04/banks-and-benchs---a-complicat.html
Monk (in hiding)- Posts : 1993
Join date : 2014-06-15
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum