Depositors to bail out NZ banks?

[Akzle]

So ditch your foreign owned high street bank, join a NZ owned and operated credit union instead. Credit unions are cooperatives - owned by the customer with full bank services. http://www.nzacu.org.nz/

they're still banks. it's still dealing with "money" and still go through the nzrb. same shit, different label (but the profit stays in nz)

what we really need is an upsurge of sharia banking.
a literally independent bank, kim dotcom could probably afford it. that

[Banditbandit]

yes, but jews invented ursury, which is pretty much the root cause of ALL THE SHIT that has happened since.
as a race, i believe the world would be better today if young adolf had succeeded in removing them.
there's a reason we put the on foot patrol in the desert for 4 decades, but the fuckers came back, and " 'murica, hoo rah!" gave their full support.
rothschilds, goldman sachs, rich jews, larry silverstein and his 5 billion dollar terrorist insurance (on property "worth less than 3") google this shit.
fucking jewry

Jeez .. that's such racist shit !!! And wrong !!!

Way back (before 1000AD) the Jewish population of Europe were forced into money-lending by the Christians .. as "usury" is forbidden in the bible (you can't lend moey to your brother) - so if Christians could not lend money to Christians ... Jews could do it ... and Jews were forbidden from many other professions, money-lending was about al the Jews were allowed to do in Christian countries.

This did not stop the Church itself lending money - and the rates the church and other Christians charged were usually much higher than the jews charged ...

[Winston001]

It's all sensible lending as long as house prices keep rising. I don't think any country can escape the effects of the GFC. If house prices fall in NZ or AU the banks will have toxic debt. EU and US are Chinas biggest customer- has to have a knock on effect.

Agreed but all systems of value and exchange are at risk in a disaster. There is no perfect protection - certainly not gold under the bed when food and shelter are critical to life.

The best that can be done is for banks being careful to whom they lend, spread the lending across business, residential, and personal, and to hold reserves for the rainy day.

[Winston001]

I do think we forget the critical driver of the GFC which was the ballooning of wealth throughout the world 2001 - 2007. Some of the wealth came from successful Chinese/Arab/Indian businesses (electronics oil etc) and they had to invest their profits somewhere. They looked to European and American banks because the Euro and the $US were solid safe currencies.

The banks became overwhelmed with money flowing in and nowhere to lend it. So they made it easier for us to borrow - and we did.

In hindsight this should have been regulated by governments but what government wants to introduce more red tape when the economy is booming?! Leaving us with the GFC and much misery.

[Naki Rat]

did it inklude learnign teh correkt speeling of learned?

Learnt! Now go crawl back into your burrow

[Ocean1]

they're still banks. it's still dealing with "money" and still go through the nzrb. same shit, different label (but the profit stays in nz)

Their activities are subject to reserve bank supervision, but while they’re subject to some of the regulatory framework under which banks operate they don’t enjoy some of the benefits the govt extend to banks either. From a customer’s point of view they supply most of the services of a bank but, in fact they’re different shit entirely, they’re owned by their clients/depositors and there’s no profit to stay or go.

[Akzle]

Jeez .. that's such racist shit !!! And wrong !!!

Way back (before 1000AD) the Jewish population of Europe were forced into money-lending by the Christians .. as "usury" is forbidden in the bible (you can't lend moey to your brother) - so if Christians could not lend money to Christians ... Jews could do it ... and Jews were forbidden from many other professions, money-lending was about al the Jews were allowed to do in Christian countries.

This did not stop the Church itself lending money - and the rates the church and other Christians charged were usually much higher than the jews charged ...

no, see my tell goes liek this: jews don't charge jews interest, jews charge orthodoxes interest.

i'm not entirely sure the jews are a race, since religion is entirely optional. it's more, anti-religionist (there has to be a better word...)
and i'm anti- most religions, that's the main reason i'm anti jews.

ursury=interest, not lending. you'll find the qu'ran makes provision for it, (musarakah) and, going by your bible snippet "you cunt, lend money to your brother" Bandit 1:101, so does the new testicles.

the precept is that you "can't (shouldn't) make money off money" becuase that's evil and your loving god will smite you and you'll burn in hell fires and pain and misery for all eternity. because he loves you.

so, a jew lending his brother-jew some money, wont charge interest. a jew lending a catholic, will. = ursury = the root of most modern fuckups.

Learnt! Now go crawl back into your burrow

i am in my burrow. it's warm and smells like me, so i feel safe here.

[mashman]

Agreed but all systems of value and exchange are at risk in a disaster. There is no perfect protection - certainly not gold under the bed when food and shelter are critical to life.

The best that can be done is for banks being careful to whom they lend, spread the lending across business, residential, and personal, and to hold reserves for the rainy day.

Ohhhhhhhhh rly. If you didn't rely on it so much, you wouldn't miss it when the chips are down. You'd just get on as you usually did, but just with a bit of a mess to clean up.

That's not the best at all. Sorry to hear that that's the limit of your faith in humanity .

[Zedder]

Ohhhhhhhhh rly. If you didn't rely on it so much, you wouldn't miss it when the chips are down. You'd just get on as you usually did, but just with a bit of a mess to clean up.

That's not the best at all. Sorry to hear that that's the limit of your faith in humanity .

Do the words, written by your good self, "Humans, dumb as fuck since always" (IIRC) ring a bell?

[mashman]

Do the words, written by your good self, "Humans, dumb as fuck since always" (IIRC) ring a bell?

And? Dudn't mean I don't have faith in humanity... irrespective of how dumb you all are

[Zedder]

And? Dudn't mean I don't have faith in humanity... irrespective of how dumb you all are

Hello McFly?

[mashman]

Hello McFly?

Did I miss your point Biff?

[Zedder]

Did I miss your point Biff?

Nice try, but "Hello McFly?" has been generic for over 25 years NOW...

[mashman]

Nice try, but "Hello McFly?" has been generic for over 25 years NOW...

Shut your mouf. Older than the movie? Perhaps it goes back to 1885?

[Zedder]

Shut your mouf. Older than the movie? Perhaps it goes back to 1885?

Well, that's when Back to the Future part 3 was set but the original was released in 1985 so I'll give ya that one.

I'm off to bed so have a good weekend. Motorbiking and beer brewing for you?