What I have written on the last essay above was about how a bank can fuck up ordinary guys like you and me. So don't go there. Just don't do business with the bank. They are fast becoming the modern-day loan-sharks. They will employ "legal" means to fuck you up good. Even at the end of the day, you are declared a bankrupt and don't need to pay anything back. But, you are also at the same time, penniless. What they have taken from you are years if not decades of your good working life. Now that you are old and fuckened, nothing more can happen and nothing will help you.
Fractional Banking (this link will let you read in detail the idea behind fractional lending by the banks)
The bank works on fractional lending. The government-of-the-day gives the bank a license to operate. The bank then goes ahead to collect deposits. If the deposit is $100, then the bank is entitled BY LAW (of course in collusion with the government-of-the-day) to lend out a total of $1,000 (i.e., ten times that of deposit). The bank pays the depositor a very tiny interest payment such as 0.25%, i.e., $0.25. Indeed fucking low percentage, can't even pay for inflation.
But, the percentage that the borrowers of the bank loan is likely to be 4-8% p.a. for secured assets or 30% p.a. for unsecured assets.
For a secured loan of $1,000, such as against a property purchase, the borrower will need to pay an interest of $40-$80 (4%x$1000=$40, 8%x$1000=$80) while his principal is still outstanding. Over a short one-year period, the bank has made 40%-80% that of the entire deposit of $100. What a wonderful return. If the loan is unsecured, the return could reach $300 per thousand deposited or 3 times than of the entire deposit.
The bank literally created money from nothing to a lot of money. That's why the bank can afford the best-looking building in the heart of town. Just look at Rome, the magnificent buildings were all built from money made from usury.
Shouldn't we all rush to apply for a bank license. The answer is NO NO NO. Those who live by the sword will die by the sword. There will come a time where everything falls flat. These loans are good only during good times. In bad times, the loans are not going to be repaid. The entire system based on fractional lending self-implode into nothingness. Banks that are hundreds of years old will close its doors. What does that brings us? Simple. It means that this business of lending is not to last. The bank owners have to be on their toes all the time. One wrong move, the fucken Tatlie Bank was gone. Another wrong move, the fucken OUI Bank was gone. One more wrong move, the fucken Keppy Bank was gone. LOL ... They are so stupid. They don't realise that there is never a free lunch on earth. Everything has to be earned from blood and sweat. Don't understand that, good luck to you and your future generations. They will be cold and deadly poor. Eating everyday from hands-to-mouths.
So therefore never apply yourself as a bank. You will not be a banker, i.e., you will not lend people money and collect interest from them. They will fail you. Avoid all things that revolve around usury. AND from the last essay, never also to borrow from people. You will also fail to repay. You will lose their trust and friendship. This form of business is doomed to fail. You will waste decades of hard work. So do things that will last you at least a thousand years, not just 50 years, like the rule of that fucken old guy.
That fucken old guy don't understand that a nation is built using bare hands. It is honest. It is pure. It is brutal. Try to be funny and sponge off other people's effort. One day, you will get your comeuppance. Just look at the amount of money lost to the whites by buying their very "cheap" stocks and shares.
Shares of Citigroup, once the nation's most powerful bank, hit an all time low of 84 cents. The stock reached an all-time high of $57 a share on Dec. 18, 2006.
And that fucken old guy thought it was dirt cheap at US$26.50 per share.
What goes around comes around. The cruel joke is that that fucken little island couldn't even keep what's theirs. All the monies made so far from hard work and sweat by selling their souls to the MNCs of the west are now returned to the west. It is a lost 5 decades.
Of course, now the fucken old guy tries to increase property prices to recoup his losses. But, to what ends, there is no such thing as man-made market. The market is free and is freely driven. Play the market's backside long enough, the market will bite your ass back in the same tempo and stupor.
Now is the time to enjoy the next big show - China.
With bad loans and competition rising, China’s largest banks face tougher times ahead. ChinaScope Financial, a research firm partly owned by Moody’s, a ratings agency, has analysed how declining net interest margins will affect China’s banks. It estimates that the sector will need an injection of $50 billion-100 billion over the next two years just to keep its capital ratios at today’s level. The managements of the Big Four realise this, and have won approval from their boards to raise over $40 billion in fresh capital over the next two years. But Andrew Sheng of the Fung Global Institute, a think-tank, reckons the sector will need to raise even more later: up to $300 billion over the next five years.
http://www.economist.com/news/finance-and-economics/21584331-four-worlds-biggest-lenders-must-face-some-nasty-truths-giant-reality-check
– China’s bad debts could blow a $500 billion hole in bank balance sheets. That’s roughly how much extra equity the eleven biggest lenders might need if 10 percent of their loans went sour, according to a Breakingviews calculator.
http://blogs.reuters.com/breakingviews/2013/09/04/chinas-bad-debt-could-leave-500-bln-equity-hole/
Jokes aside. Never assume that your enemy is stupid. They are not. Even if they sound and look stupid to you. Think harder. They are never what they seemed. Apply hard work on your land and you will be rewarded many times over. Forget about what others say about business ventures and great adventures. There is none. Bend that fucking back of yours and apply it to the land. Feel the ache at every living night. You will live a day longer than every one else.
I know every immigrant is sad at 9 parts out of 10. Don't despair. For on the tenth part, you will be rewarded beyond your wildest dream. People around you will fail you. People whom you cared will fail you the greatest number of times. But, why build your happiness upon others' approvals? Approve your own soul that indeed you have chosen right.
Let's just sit back and enjoy the show ...
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