NOW WHERE DID THEY MAKE THAT PROFIT.? Credit cards, housing loans, business loans. bank charges? Or was it in the Shadow Banking Sector? How much did they make from DERIVATIVES. ? $1.5 Quadrillion is the total derivative market.. This is where the major banks make their $$$$...EG Duestch Bank exposure $70 trillion, holding $59 billion in Capital. Derivatives is about to bring the whole bloody structure come crashing down... How many people know anything about derivatives? It is hard to learn anything about them when the big boys don't talk about them. The biggest bubble of them all? Regards Errol 43
$4.8b is only half year but considering CBAs market cap is $126.7b it's not that grand. I wouldn't say they're fucking around with derivatives
$4.8b in 6 months works out to be 4.8 billion /180 = 26 666 666 approx. ie. one brand raking in 26 million per day ... thats a lot of "fees" ...
The BIG FOUR are not Australian banks ... they are American banks ... The BIG FOUR are American banks controlled through interlocking directorships ...
That's old news, banks laying off into other banks. I'm sure McDonalds would own shares in KFC if they could. As for your $26m/day figure with 14 million customers world wide it's only $1.86 per day per customer
Wake up Australia is still a colony. Everything in Australia is owned by everyone but Australia. It's our way of life now. Best you can do is buckle up and make the most of your life here or whinge about it on a forum......... Or C) move to china
I really hope Karen Hudes is right that the world bank and the Fed is forced into involuntary bankruptcy ... we need a better system ...
No not exactly. With the persistent devaluation of currency my current financial strategy in regard to any residual income is to allocate 50% to recreational spending(holidays, cars, big screen tv, clothes, eating out, ect. And the remaining 50% to lotto tickets. Spend today's dollars today and hope I win the lotto for the future
Yes ... but the odd thing is Ms Hudes seems to think under rule of law they will have to capitulate ... it seems like a long shot to me ... https://twitter.com/KarenHudes
The simple fact is major banks are in cahoots with each other and cheat on their figures ... its the monopoly they have forcing us to use their system that is the problem ... even the gold and silver charts basically look the same ... free market trading is not likely ...
TOO BIG TO FAIL Remember, if things go titsup then your savings, your super and your income will be juicy sources of bailout funds.