[ExI] Banks (was Re: Doomsday Oil Price: (was RIP: Peak Oil))

[The Avantguardian]

----- Original Message -----
> From: BillK <pharos at gmail.com>
> To: ExI chat list <extropy-chat at lists.extropy.org>
> Cc: 
> Sent: Wednesday, March 7, 2012 11:23 AM
> Subject: Re: [ExI] Doomsday Oil Price: (was RIP: Peak Oil)
> 
> On Wed, Mar 7, 2012 at 6:58 PM, Kelly Anderson  wrote:
>> "Eurozone finance ministers agreed to a new $172 billion bailout
>> package (WSJ) for Greece early this morning, along with a 53 percent
>> write-down of Greek debt by the country's private sector 
> creditors."
>> 
> 
> Just to be clear. This is political spin.
> 
> Greece won't see a penny of this 'bailout'.
> This is another bailout of the French and German banks. These banks
> are bust, just as Greece is bust. Greece cannot make the payments due
> to the bankers, so the Eurozone will lend even more money to Greece so
> that Greece can immediately pay it on to the bankers. It is a farce.
> Refusing to accept that it all has to be written off, bankrupt banks
> closed down and everything restarted with a clean sheet,.
> Like Iceland has done.
> 
> Now I hear that Greece is considering selling Corfu to raise money! I
> bet a few billionaire bankers will have their snouts in that trough.

In a day and age when everyone is having to deal with the prospect of losing their jobs to automation, aren't bankers at all worried? I mean other than the right to ownership, which software doesn't have but that corporations do, what exactly do bankers *do* that a machine can't do better? I for one almost always use my bank's ATM. Does the CEO of my bank do any more for me than that ATM machine? I mean other than give himself fat bonuses for screwing up the economy?

You really want to get back at the bankers, Bill, program and design a bank that can operate at a huge profit with zero employees. Then if the bank goes broke, you can just pull the plug on it and not have to worry about it whining to the government.



Stuart LaForge


"The state that separates its scholars from its warriors will have its thinking done by cowards, and its fighting by fools." -Thucydides.