Howard, my use of quotation marks each end of the word BANKERS was hoped to convey that the word was being used to describe other than for the employees in ones local bank premises, but more to the "system" that governs our acceptance of the value of that which we accept as currency, and the many and varied ways in which both it and we are thus manipulated as a society..?
Those who spend more time and effort counting and manipulating currency than do I, seem to determine that the majority of "it" is held by one percent of the population.....? IF that is indeed the situation it seems to beg the question as to who made the political and legal decisions over many years to arrive at such a situation..? In other words, Who rules..? It seems the logical answer is those who hold the "money" hold the power...?
Rather than getting lost in the many and varied complications of banking, the financial services industry and politics, the vast majority of which I have no possibility of understanding, if I might share a true story as told to me by my dear departed uncle who as a child on seeing another of similar age barefoot in the street, was caused to wonder why he (my uncle) had shoes and the other child not. My uncle turned to his father, a world travelled ships engineer, and asked why such a situation existed, and when it was explained it was down to the distribution of wealth, my uncle then asked "Why don`t they gather all the money back in, count the number of people and divide it up equally, then hand it back out"..? To which my grandfather replied "The strong will take it from the weak, the fly will take it from the strong, and it will be back to where it is today."
When told the story by my uncle many years ago, I thought, that works for me, and still does today.
I suspect whoever rules may not like the idea that there could be another possible store of wealth created which could be outside their control, such as Bitcoin. That possibly being the case, might "they" not use all their resources to undermine that system if/when it seemed to have the potential to undermine the existing system..?
When the fiat system lost it`s linkage to the gold standard equating the value of printed money being worth..err..what..Hmm..?
We have moved on since then to a time when economists still use the term "printing money" relative to creating currency out of thin air, when it seems all that we hold are digits stored in computing systems and distributed in a variety of ways by digitally controlled interfaces and which determines our financial standing as individuals...?
As a country in terms of GDP to borrowings it seems UK PLC is not in great shape, add to that the average household indebtedness.... ?
Don`t ask me how it all works or just how much longer it will continue to work.... I just hope it does, before the system turns full circle and we (the West) become the weak in terms of my grandfathers evaluation.
As to where we might be at this moment in time in terms of cyclic events.... I leave that to those far wiser than I to assess.
