Occupy Dunedin?

[mashman]

This is a good example of a figure being taken out of context (you could write Labour Party PR).
ANZ are the largest bank operating in NZ and have gross assets of in excess of $115billion, how much profit do you think they should earn?

so did they take out more than they put in?

[Oscar]

so did they take out more than they put in?

You have no clue about business and economics do you?
Actually, the fact that you think that your comment is funny indicates that you simply have no clue...

[mashman]

You have no clue about business and economics do you?
Actually, the fact that you think that your comment is funny indicates that you simply have no clue...

A clue yes, a wealth of knowledge, no. But that doesn't answer the question (which was a simple as I am). Something I have come to associate with your good self. You should PR for the Nats.

I was laughing at your question in regards to how much profit I think they should earn, not my question, there was a question mark in there wasn't there (rhetorical bordering on blatant sarcasm), why yes, there was, so that makes it a question, not a comment

[mashman]

It is but all legal.
All money's are accounted for and disclosed, and under the laws at the moment perfectly legal.

therein lies the rub... something we all have to accept, we may not like it, some may even protest over something similar , but the law is the law and can be translated (I thought it was a nice word) to protect a questionable position.

[Oscar]

A clue yes, a wealth of knowledge, no. But that doesn't answer the question (which was a simple as I am). Something I have come to associate with your good self. You should PR for the Nats.

I was laughing at your question in regards to how much profit I think they should earn, not my question, there was a question mark in there wasn't there (rhetorical bordering on blatant sarcasm), why yes, there was, so that makes it a question, not a comment

The answer to your question is yes, they put in more than they take out.
They have 9,000 staff.

Why don't you answer my question, how much should they take out?

[mashman]

The answer to your question is yes, they put in more than they take out.
They have 9,000 staff.

Why don't you answer my question, how much should they take out?

How do they do that and still make a profit?

As little as possible.

[Oscar]

How do they do that and still make a profit?

As little as possible.

So your business model would be - you can invest several billions in NZ, employ 9,000 staff, but make as small profit as possible?
Why would I want to invest with, or have my money managed by a bank like that?


What about NZ owned banks, how much profit can they make?

[avgas]

You have no clue about business and economics do you?
Actually, the fact that you think that your comment is funny indicates that you simply have no clue...

Thats a bit harsh. But your a little on the right track.

Mash - how much assets does NZ have? Is that the limit to the assets NZ has? Is there only 1 big pot of money for NZ and that is it?
Is there no way to generate income without sacrificing the money from somewhere else...in NZ?

[mashman]

I can't find the report but there was an article on the protesters shitting in the streets when it first started. That would be enough to stop me going anywhere near them.

And the protesters said as much when interviewed and asked the same question.

And according to this, the council are spending $20k per week in security... perhaps a few loos and a marquee woulda "tidied" the place up a bit.

[mashman]

So your business model would be - you can invest several billions in NZ, employ 9,000 staff, but make as small profit as possible?
Why would I want to invest with, or have my money managed by a bank like that?


What about NZ owned banks, how much profit can they make?

Why would you indeed.

Erm... as much as possible.

Thats a bit harsh. But your a little on the right track.

Mash - how much assets does NZ have? Is that the limit to the assets NZ has? Is there only 1 big pot of money for NZ and that is it?
Is there no way to generate income without sacrificing the money from somewhere else...in NZ?

heh, he's 99% (snigger) Right (double rainbow).

Dunno. Depends on if you want to borrow more $$$ or not, or find investments with higher returns. Nope, but that's the only way it's gonna work.
Yes and No... have a chat with the central bank and have them do their fractional banking thang with their freshly plucked out of thin air money and if the global market doesn't blink, there'll be no sacrifice.

[Oscar]

Why would you indeed.

Erm... as much as possible.

So you're happy to be ripped off by NZ bank, but not an Aussie one?
What about an Aussie Bank with NZ shareholders?

[mashman]

So you're happy to be ripped off by NZ bank, but not an Aussie one?
What about an Aussie Bank with NZ shareholders?

Yup.
Nope.

[misterO]

Playing Devil's advocate- a well operated bank serves a legitimate need in any community. Need to buy a home? Got a good idea for a business? Those of us without a rich uncle will talk to a banker. No bank has ever forced me to take their money. Further, and more to the point, NZ banks have nothing to do with the unregulated Mega-Corporate banks in America (willfully reckless banks that were bailed out at great cost by the US taxpayer, who then gave obscene bonuses to the cowboys in charge). NZ banks aren't even slightly responsible for the current GFC. They hardly deserved the poo in the doorway left by a valiant Dunedin protester under cover of darkness. In addition, the protesters in America are dying (literally) to have the kind of health-care system that we take for granted. Mashman has made 20-30 posts in this thread alone and his avatar claiming 99% hardly seems applicable, unless it refers to the percentage of people who disagree with him. This is a biker forum. Bikers generally have a more independent streak, are more willing to think outside of the box...Rebellious, even. If Mashman's arguments don't gain traction here then it's unlikely that they will anywhere. I am a strong believer in the philosophy: think globally, act locally. The first word in that ideal is the most important: Think. Tents in a public space achieve nothing. Dressing like it's a casting call for a Woodstock movie only makes you look foolish. You want to make a positive change? Practice random acts of kindness. Get to know your neighbors. Make a note of any elderly, disabled and young families who may need a helping hand from time to time. Take a first aid course. Buy locally. Start a vegetable garden. Volunteer. A pro-active approach beats protest every time. And, more on topic, I'll leave you with advice my father gave me: NEVER buy any luxury item on credit.

[Oblivion]

Theres one thing that I think that the protesters have in common. None of them have one idea in common. Everyone of them would be there for a different reason. But the government, Even with the amount of power it has can only have a one size fits all approach. You cant just make a policy that affects Mr. Joe bloggs as an individual. Yet the people seem to think that the government can give them everything that they want. 99% of the stuff that every protestor wants is not financially viable. Yet, the people want someone to fix the economy. But, most likely, the only way to fix the economy is by the government being unpopular. The current politicians have no idea how to fix the economy in my opinion. You have Phil Goof, and Don key. Both of them are hiding behind the invisible window that they call a government.

[mashman]

Playing Devil's advocate- a well operated bank serves a legitimate need in any community. Need to buy a home? Got a good idea for a business? Those of us without a rich uncle will talk to a banker. No bank has ever forced me to take their money. Further, and more to the point, NZ banks have nothing to do with the unregulated Mega-Corporate banks in America (willfully reckless banks that were bailed out at great cost by the US taxpayer, who then gave obscene bonuses to the cowboys in charge). NZ banks aren't even slightly responsible for the current GFC. They hardly deserved the poo in the doorway left by a valiant Dunedin protester under cover of darkness. In addition, the protesters in America are dying (literally) to have the kind of health-care system that we take for granted. Mashman has made 20-30 posts in this thread alone and his avatar claiming 99% hardly seems applicable, unless it refers to the percentage of people who disagree with him. This is a biker forum. Bikers generally have a more independent streak, are more willing to think outside of the box...Rebellious, even. If Mashman's arguments don't gain traction here then it's unlikely that they will anywhere. I am a strong believer in the philosophy: think globally, act locally. The first word in that ideal is the most important: Think. Tents in a public space achieve nothing. Dressing like it's a casting call for a Woodstock movie only makes you look foolish. You want to make a positive change? Practice random acts of kindness. Get to know your neighbors. Make a note of any elderly, disabled and young families who may need a helping hand from time to time. Take a first aid course. Buy locally. Start a vegetable garden. Volunteer. A pro-active approach beats protest every time. And, more on topic, I'll leave you with advice my father gave me: NEVER buy any luxury item on credit.

In the current financial system a bank provides many needs for many people, whoopdeedoo. I don't believe the financial system serves any positive purpose for human beings movings forwards in regards to allowing them to address the issues that plague every country day in and day out...

As for my posts... meh... Does you mean that I'm part of the 1%? As for traction, I'm not looking for anything of the sort... more offering a different perspective and watching the free thinking, independent streak of bikers discuss (snigger) that perspective... tis fackin amusing if nothing else.

What makes you think those dressed for woodstock don't live their lives according to your philosophy?, the kindness, knowing their neighbours etc...? Perhaps the tents thing is something in addition?