Sunday, August 14. 2011
Lions never learned to read. WHY?
...'cause they didn’t want to. If they did, then they’d want glasses to see better, and lights to read at night, and a movie version of the last great book – and suddenly laying around in the sun would be a past-time gone in the name of progress – a lion led economy of jobs and progress. Need I say the leopards would form a social action group, asking, no, demanding the lions give up a portion of their “everything” to a new and growing leopard movement.
And around the corner I hear, oh it’s The March of the Penguins.
Now both the Lions and Leopards see food. Wrong said the Penguins, flapping their wings slapping their feet. We are not food, we too are an under-served group and demand status like Leopard Group, but with an added feature – protection.
And around the corner I hear, oh it’s The March of the Penguins.
Now both the Lions and Leopards see food. Wrong said the Penguins, flapping their wings slapping their feet. We are not food, we too are an under-served group and demand status like Leopard Group, but with an added feature – protection.
We won't hold your $ for free no more!
I been off the air, or “in the air” but lots going on. As an observer + participant, sometimes I can’t help but being caught between – wow is this ever a) funny b) dumb.
In the US, Mellon & Morgan Banks, each, have announced a new fee – effective the other week (which in today’s world is ions ago) they now charge account holders, basis points to “hold” their money. Yes, money in the bank now has a percentage cost, just to have the bank hold it for you.
This applies to Clients with over 50 Million on deposit – which is apparently common in this cash rich environment of the melt-down. So, most need not worry. But why such craziness? First – America was on the verge of insolvency – that means couldn’t pay their bills –maybe. And in business terms that usually leads to …..well it begins with bank and ends with a ‘y’. Yes the B word. So these cash rich companies no longer trust their ‘cash’ in the Investment Houses, aka Investment Banks. They want safe ground - a real Bank. Why? Because in the US, as in Canada, Banks have a Government Guarantee for depositors in the event of a bank failure.
And there are A+B – Funny plus Dumb. The panic is caused by a US Government maybe at the edge of insolvency. What do all the genius money wizards do? Made nervouse by the Government’s shakiness, and their Investment Banks - they move their cash into somewhere that now charges a fee “to hold” because they’re backed by a guarantee that in fact is the cause of the issue at hand – concern over ability to pay by who else – the Guarantor, which is the reason to need to safe harbour.
So the story is: “We took our cash away from our good friends in the event of collapse, for safe haven with a guarantee by the very entity that gave rise to the possibility in the first place, and we’re paying a fee for this hollow guarantee – smart eh?
Questions to ask
– Are the bank vaults really at point of bursting from holding too much cash?
– And, if today money is paperless – because of “e”, so vault size is irrelevant, is it instead maybe their computers that are too small to hold the shear volume of this “e” paperless cash?
– And if there’s so much ‘cash’ Think of PE Trudeau, he’d of invented a new and horridly expensive corporate tax to encourage (force) these companies to expand, innovate and maybe restart this out’a juice perpetual motion machine of invent, sell, buy; upgrade, sell’em again, buy even more….and keep it going….
And in fairness to these two Banks – why should they hold all this “cash” for free. In normal times – these new clients keep it at their “other” buddies, except that for now - the Guarantor has made a real mess of things. Oh Oly. Oh Stan.
In the US, Mellon & Morgan Banks, each, have announced a new fee – effective the other week (which in today’s world is ions ago) they now charge account holders, basis points to “hold” their money. Yes, money in the bank now has a percentage cost, just to have the bank hold it for you.
This applies to Clients with over 50 Million on deposit – which is apparently common in this cash rich environment of the melt-down. So, most need not worry. But why such craziness? First – America was on the verge of insolvency – that means couldn’t pay their bills –maybe. And in business terms that usually leads to …..well it begins with bank and ends with a ‘y’. Yes the B word. So these cash rich companies no longer trust their ‘cash’ in the Investment Houses, aka Investment Banks. They want safe ground - a real Bank. Why? Because in the US, as in Canada, Banks have a Government Guarantee for depositors in the event of a bank failure.
And there are A+B – Funny plus Dumb. The panic is caused by a US Government maybe at the edge of insolvency. What do all the genius money wizards do? Made nervouse by the Government’s shakiness, and their Investment Banks - they move their cash into somewhere that now charges a fee “to hold” because they’re backed by a guarantee that in fact is the cause of the issue at hand – concern over ability to pay by who else – the Guarantor, which is the reason to need to safe harbour.
So the story is: “We took our cash away from our good friends in the event of collapse, for safe haven with a guarantee by the very entity that gave rise to the possibility in the first place, and we’re paying a fee for this hollow guarantee – smart eh?
Questions to ask
– Are the bank vaults really at point of bursting from holding too much cash?
– And, if today money is paperless – because of “e”, so vault size is irrelevant, is it instead maybe their computers that are too small to hold the shear volume of this “e” paperless cash?
– And if there’s so much ‘cash’ Think of PE Trudeau, he’d of invented a new and horridly expensive corporate tax to encourage (force) these companies to expand, innovate and maybe restart this out’a juice perpetual motion machine of invent, sell, buy; upgrade, sell’em again, buy even more….and keep it going….
And in fairness to these two Banks – why should they hold all this “cash” for free. In normal times – these new clients keep it at their “other” buddies, except that for now - the Guarantor has made a real mess of things. Oh Oly. Oh Stan.
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