Just HOW IMPORTANT ARE BANKS IN TODAY’s Age of Technology?

Dec.04, 2008 in Market Outlook

It is time for all Americans to have the benefit of the FED Interest Rate that the Paulson Banksters have.
The Banksters get money at 1% right now and then lend it to Americans at 6% to 30% for credit cards.

Just think about that the Banksters pay 1% and we pay 18% to 30% on credit cards and all they do is a little bit of paperwork that could be automated completely. That means they make 18 times to 30 times what they paid for almost no effort. This is why they think all the other scams they invented are OK including the TRICK adjustable Mortgages, the illegal Naked Shorts, the illegal 30 to 1 to 100 to 1 Leveraging, the TOXIC Derivatives, and the Default Swaps among other swaps.

Eliminate most of the Banksters:
1. Nearly all Banking functions are definable by a series of mathematical equations linked to databases and linked to customers.
2. Most Bank Functions can be automated via ATMs and the Internet including loans, cash, and deposits and even planning.
3. What would be lost? Middle men who charge exorbitant FEES and pay top 1,000 Executives $10’s Million to $100’s Million! A Massive layer of Corruption! An undeserving Industry!

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