Friday, 20 September 2013

Aphids of the world, withdraw



Wait.

What am I missing here ?

You have money. You lend some of it to someone. You get interest. Actually you decide what interest to charge on your money, depending on how magnanimous you are feeling. With luck everyone wins. You get a little interest on your hard-earned cash, and A N Other gets to use some of the money on something special to them.

Seems like a good deal ?

Right.

Now what happens in practice ? The banks and Building Societies are happy to borrow your money. They make it work for them, and do a pretty good job of it. Record profits and huge bonuses. You know the score.

At the same time they, yes, they, tell you (yes, you) what interest they will give on your, (yes, your) money.

Something has clearly gone wrong here.

Is it that we are simply supine or stupid, or maybe both ?

The Trades Unions grew in the 19th century to give workers a stronger voice to protect themselves against the predations of employers and an exploitative industrial culture. Well, those days are pretty much gone. But the predation hasn't. Aren't we all being exploited by the winners again, this time in the guise of banks and governments ? 

There is a need for some coherent movement to protect the vast amounts of cash owned by ordinary people who are being screwed. We need some sort of union of ordinary people who can act as a unified body and exert some power we all individually lack.

Why on earth don't we all agree a date and simply withdraw all the money we have, in cash, and let the banks think about it for a couple of weeks. What's to lose ?

We are all aphids being milked by the huge corporations, banks included. It's time we weren't.


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