I used to work in sales a few years back in which our team was expected to have about $100,000.00 in sells a day. I made a lot of commissions from it so I would bring in about $120,000.00 – $140,000.00 worth of sells per day. Well, as time goes on the wonder of 100k slowly fades away. Fades away so much that if you told someone you made 100k for the day…their response, “Pocket Change.”
It must be pocket change to say you are going to spend 250 Billion Dollars to rescue banks (have to say rescue because that’s so much more dire) compared to the 1 Trillion the Government is going to force us to pay at gun point. Pocket Change? Well, if that Trillion were seen as $10 then that $250 Billion could be seen as $2.50. (Isn’t 2.50 just pocket change?) POCKET CHANGE INDEED!!! I spoke to Dr. Wayne Gertmenian at his home about six years ago in California. I decided to meet him after listening to his Everything’s Negotiable (Negotiating Secrets)
He pointed two things out to me during our talk about capturing Hussein and the Iraq war. (This was before we stepped in with military.) The first thing is that the US is going to capture Hussein because no other country will take him. Dr. G was right. The second point was one of negotiation and the US. We Americans don’t like to be forced to do anything and if we are forced we are going to bring it to your doorstep. If a country forces us to build weapons because it threatens our interests then there better be a good reason why we aren’t going to use after building them against that country. Remember the Movie Crimson Tide“You can’t bring those missiles back once you fire them.” In short, don’t put us in the position to make them.
Once the Government starts moving to take over…it’s going to! If the Government feels that it needs to take over a bank and “negotiate” with banks about it then it is going to take them over. The Government is going to take over a bank or two (or at least one big one, CITI) and nationalize it. This $250 Billion of the American Tax Payers’ money is going to pay for a bank that no Tax Payer wants to be its customer. It’s going to be just like the USPS with their long lines and employees who don’t care. Why won’t they care….BECAUSE GOVERNMENT EMPLOYEES employment isn’t basised on their productivity or over all value to the organization. In addition, what is the nationalization of the banks going to do for US foreign relations? Is the Tax Payer going to have to flip the bill, YET AGAIN, to send delegates? What are we going to have, an Ambassador of Banking? The only pocket change in this economy is the money changing pockets!!!!
Any other problems you see with nationalizing banks?
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