Except that...geezer_alsoNovember 22 2014, 23:45:44 UTC
we have public banks; in the form of credit unions. Granted the interest does not go to funding public works and services, however, it is my view that that is the purpose of government, in the form of taxation
( ... )
Credit unions? They are still private banks. Instead of shareholders and owners, they have depositors who are entitled to a say in and a share in the banks operations.
Not public, though.
There is only one public bank left in the US, the Bank of North Dakota. Yes, yes, I am well aware of the oil they are cranking out like it's the Gold Rush; still, they are probably the most fiscally sound state because of their bank. People borrow, they repay with interest. Instead of that interest going to enhance private fortunes, it goes to underwriting the state itself.
With this, the state charges fewer taxes for the same amount of infrastructure.
Read that line above and tell me public banks are something that conservatives must reject.
When we discuss lines of work, banking is different. It is the creation of our sovereign money somehow farmed out to-with the profits of this manufacture going to-people who do not have the best interests of the society at heart. It is not pro ball. It is not show biz.
Ok, let me see if I understand; a public bank is one owned by the government?
"people who do not have the best interests of the society at heart" I would argue, that while "they" do not have the best interests of the individual at heart, it is both counter-intuitive and counter-productive for "them" to not want a somewhat viable society.
Ok, let me see if I understand; a public bank is one owned by the government?
Ah, the penny drops! Yes.
I would argue, that while "they" do not have the best interests of the individual at heart, it is both counter-intuitive and counter-productive for "them" to not want a somewhat viable society.
Actually, legally they must not, not in the case of a publicly-held corporation. This precedent goes all the way back to Henry Ford. He decided not to pay a dividend on his stock one year, opting instead to build a factory and expand. The Dodge Brothers-the number one shareholders of the Ford Motor Corporation and a major manufacturer of parts for Ford-objected. The judge went with Dodge, forcing Ford not only to offer a dividend, but to buy out Dodge, which gave the brothers enough cash to start a rival motor company.
From this case is where we hear terms often bandied about like "enhancing shareholder value," as in that is the only job of a CEO. Yes, some of the actions of many CEOs in recent memory have been counter-productive
( ... )
I could not get the "good" link to work for my Zune but I did eventually find the following http://itsourmoney.podbean.com/feed/ that seems to have worked. At least it downloaded. I'll try listening tonight. Still have two of your podcast to listen to.
Re: PodcastperistaltorNovember 25 2014, 05:13:07 UTC
Thanks, man. Fixed.
I tried to look up what the address was as entered in iTunes, but they have (yet again) decided that that information is best obfuscated with a shitty, overly-simplistic interface.
You're still listening?!? *Sniff* What a nice friend!
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Not public, though.
There is only one public bank left in the US, the Bank of North Dakota. Yes, yes, I am well aware of the oil they are cranking out like it's the Gold Rush; still, they are probably the most fiscally sound state because of their bank. People borrow, they repay with interest. Instead of that interest going to enhance private fortunes, it goes to underwriting the state itself.
With this, the state charges fewer taxes for the same amount of infrastructure.
Read that line above and tell me public banks are something that conservatives must reject.
When we discuss lines of work, banking is different. It is the creation of our sovereign money somehow farmed out to-with the profits of this manufacture going to-people who do not have the best interests of the society at heart. It is not pro ball. It is not show biz.
It is different.
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"people who do not have the best interests of the society at heart"
I would argue, that while "they" do not have the best interests of the individual at heart, it is both counter-intuitive and counter-productive for "them" to not want a somewhat viable society.
Reply
Ah, the penny drops! Yes.
I would argue, that while "they" do not have the best interests of the individual at heart, it is both counter-intuitive and counter-productive for "them" to not want a somewhat viable society.
Actually, legally they must not, not in the case of a publicly-held corporation. This precedent goes all the way back to Henry Ford. He decided not to pay a dividend on his stock one year, opting instead to build a factory and expand. The Dodge Brothers-the number one shareholders of the Ford Motor Corporation and a major manufacturer of parts for Ford-objected. The judge went with Dodge, forcing Ford not only to offer a dividend, but to buy out Dodge, which gave the brothers enough cash to start a rival motor company.
From this case is where we hear terms often bandied about like "enhancing shareholder value," as in that is the only job of a CEO. Yes, some of the actions of many CEOs in recent memory have been counter-productive ( ... )
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that seems to have worked. At least it downloaded. I'll try listening tonight. Still have two of your podcast to listen to.
Reply
I tried to look up what the address was as entered in iTunes, but they have (yet again) decided that that information is best obfuscated with a shitty, overly-simplistic interface.
You're still listening?!? *Sniff* What a nice friend!
Reply
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