Lefty, I think you miss the point. Banks are custodians of capital. They are no more honest than the people who run them. When I was getting started after WW II I dealt with a very good and helpful banker and then, later, with his son-in-law. Later yet this bank was bought out by a larger bank and I became an account number. I also changed banks. What most people don’t know is how much power our government has over our banking system. Fannie Mae and Freddie Mac have been in the news a lot lately but nary a word about their actual function of preventing banks from being independent. They do this with their mortgage practices and other government furnished perks.
There is no such thing as debt financing because a debt can only exist because it has borrowed from existing capital. When the government dries up all our capital it is then the only source of capital which tends to evaporate. The Social engineers keep preaching against a profit while they covet every dime you make. Covetousness is far worse than a capitalist making a profit. If I can buy something for a dollar that you couldn’t get on your own, such as what you usually find in the supermarket and then sell it for $1.50 where is the greed? You were happy to get it for the $1.50 But if my competition put that same item on sale for $1.25 you would likely choose to buy from my competitor so where is the greed? That is a socialist trick that has no merit except that their greed remains hidden. Sure I like to get a good price but I also like a high volume and there are ratios between price and volume. Just watch any auction. After the opening bid there are lots of buyers but as we reach the selling price the buyers begin to drop out till the last two. But if its a tool auction you have more than one item to sell at the top price so you begin to back down toward your cost price. You already know the level of interest because of the bidding. There is a point where the price/volume will equal the best return on your investment. Where is the greed in this? I know a lot more can be said but just consider. We are a house divided, more Socialist than
capitalist but why have we been going down hill under Socialism?
