A Further Word On Banks

Money makes the world go around, they sang in pre war Germany in the movie Cabaret.

Today it seems the battle between Russia, China and the West is actually about who gets to control the resources of the world over the next millennium.

Hasn’t it always been so? I cannot say for certain. One thing is clear the majority of the world is enslaved to a system that may benefit those at the top of the heap, though that is debatable, but for the rest keeps them bound to promises made in times of desperation. Living without a home is a desperate situation.

Mum’s carer is being evicted on the 19th of this month and so is no longer able to provide care for Mum. That means her income is lost. Whether she will be able to do so afterwards is something that remains to be seen.

But essentially banks are lending houses. They lend you money on the promise that over a given number of years you will pay that loan back, along with adequate interest to cover the costs of maintaining the loan by the lending house in question. Failure to do so ruins your credit rating in the modern world, and you are no longer able to afford, or expect, those little luxuries that made your life interesting. You, like the banks, are at the mercy of the variants of the trading place and if the central bank decides to increase the interest rate you suffer accordingly.

So too do the banks. Let’s be clear the Banks themselves are credit rated and depend on credit to carry on their business. They don’t actually have the 50 000 they have loaned you against the house you wish to live in – which they own until it is fully paid off incidentally. But they are esteemed within the general market place to be worth the investment in buying your house for you. Until the crunch when they will restore it to their ownership and you may continue to live there paying them rent but no longer even have your name on the deeds. As for the banks, they simply add a series of zeros to your account and have creatred an extra 50000 in the process. It is notional. It doesn’t actually exist – but it has devalued the currency by a further 50000.

So when we come to an economic crunch, as we have yet again, the second time in 15 years, all the certainty on which you based your life is suddenly shot sky high, and you find yourself facing a dire extremity, like the first time you realised you were mortal. They say the only certainties in life are Death and Taxes, or if you live in America, Death and Texas.

Why have the banks removed managers from the front desk? Because it is not fair that they have to face the abuse the customers bring to them when the finances are shot and they are on the breadline. Truth is banks are not interested in accounts smaller than a quarter of a million turn over a year. They pat each other on the back and ask, as the Beatles sang in the 1960s,

Have you seen the little piggies
Crawling in the dirt?
And for all the little piggies
Life is getting worse,
Always having dirt to play around in

Have you seen the bigger piggies
In their starched white shirts?
You will find the bigger piggies
Stirring up the dirt,
Always have clean shirts to play around in

In their styes with all their backing
They don’t care what goes on around
In their eyes there’s something lacking
What they need’s a damn good whacking

Everywhere there’s lots of piggies
Living piggy lives
You can see them out for dinner
With their piggy wives
Clutching forks and knives to eat the bacon

One more time

So we find that, from the days when the Temples were the seats of benefaction, the Banks have become the very seats of exploitation of everyone, themselves included. What do we see in government? Squabbles over who gets the biggest account to dally with. I say dally because it is clear from the decisions made by recent chancellors they have no idea what they are doing, even going so far as to abuse the very people who advise them as to the likely outcome of their cranky ideas. People, civil servants, who have devoted their lives to working for the public good with the general purse. But no, the allegiance of the government seems to be not to the public good, but to the banks that govern world affairs. I am not speaking here of the high street lending houses but the International funds that are the hidden face of those same tiller girls.

It is in the interest of those institutions to maintain a market place for their industrial counterparts. Every nation must have a car industry in case of war when they can quickly be turned to manufacturing vehicles of war. Tractors are essential for the modern agricultural vision, so we teach their inevitability in the schools and colleges. Fertilizer is the basis of armaments. That the soil is damaged in the pursuit of these ideals means nothing to the international sets of eyes. Myxomatosis, that hideous disease invented by a Frenchman to devastate the rabbit population, at a time when the rabbit furnished no small part of the working man’s diet, was a ploy by those governing markets to ensure a market for the meat they so desperately wanted to produce in large quantities. Now we have few rabbits, an obese population and a climate that is warming rapidly, despite the official figures which play down the actual increase in temperature already having happened.

I have to ask does America, or Europe come to that, realise that the disasters that are occurring are indicators of nations out of balance? Not ‘a global crisis’ but actually a comment from an intelligent Earth on the running of the nations she is afflicting with blackouts, floods, earthquakes and blizzards. Not to mention forest fires.

Ah well, back to the trough gentlemen. Let’s see what tomorrow has in store.

Author: Keith Armstrong

Dance teacher, writer, film-maker, educationalist, enthusiast.