Forum Post: Out of control banking

So finally it took amerikans and perhaps a bit delayed the rest of the world 3 years to protest on the system. But against what is it worth to protest? Most of corporations at least produce products or offer useful services and politicians no matter of which party have some mission for the country. If the products, services or missions they all follow always are useful for the majority of society is not sure. Only time can tell the effect of some action. Most of the politicians and corporate leaders are perhaps not the brightest ones, but they make decision and then see what happens. If a country is lucky it will vote for the bright guys in politics who can make the tough decisions for the good of the majorit.

Above I excluded banks! YES because banks and perhaps also insurance companies do not produce anything. They only give promises. During centuries banking transformed itself into an own business pretending that it is supplying the economy with credit and take care of the savings of people. Strangely the banks refuse the lend money to businesses and play with the savings of the people among themselves in order to increase salaries and wealth of their emloyees and built ever more expensive skyscrapers in the most expensive locations in cities. Did nobody ever wonder how this works? Banks missunderstood their role and politicians forgot what banks have been create for. To release money, which is a tool to compare value, into the economy which can increase value by producing somthing and at the same time take care of the value people want to preserve for their after work life. Banks do no longer fulfill tis job and as long as this is not changed we will not overcome our problems.

If we ask for complicated change it will get difficult. So et us just be simple: ! Separate investment banking from retail banking ! Forbid banks and insurances to use the same sales channels or invest in each other ! Oblige retail banks to provide a certain percentage of their assets as loans to small and mid size businesses not exceeding X USD revenue. ! Put heavy taxation on short term real estate investments ! Make bankers salaries transparent to the public

• So the big money can continue to gamble but not with other peoples savings.
• banks need to get back to the original business and help the economy to create jobs through new companies because they wont have any other income source.

Let us not forget, banks have been created where people can borrow money to each other. Nothing else.

Make sure your protests get strong testimonials and stay away from ideology.