Why do the banks own America and western Europe??
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All banks are Citigroup?
I'm defending them because society literally cannot run without them.
As I said, without banks, everything would be a popularity contest. You'd have to personally know people with money to help you. It would be a society that would be even more geared towards the elite's interests.
"Help you" ? That's not how banks work. The whole economy is built around debt. That's not a charitable arrangement. It's an exploitative one. In real estate, for example, the costs are prohibitive for a vast majority of people to buy a home without going into debt. The whole market is shaped so banks get their cut.
Nobody said it's a charitable arrangement, but things won't magically become cheaper. They help you make up the difference between what you have and what you need, and in return, they get a profit based on the calculated risk of default.
The fantasy land of people lending out money without interest is based on nothing. No sane person will lend money to random people with no benefit to themselves, while they shoulder all the risk. This is why banks exist, they take the risk, and the number of transactions mitigates risk of defaults in normal circumstances, because the profits can write off around 2-3% of bad lending.
2008 happened because of encouragement to banks to take on low-grade borrowers who were highly likely to default, and automated risk systems that calculated them as safe.
Real estate prices increased because the wealthy bought in to diversify their holdings. Nearly all fund managers recommended hard assets at the beginning of 2022. It pushed the demand even higher, while supply was lowering due to material costs.
What you need is prohibitively expensive thanks to this system. You ignored that point in my comment.
Real estate wasn't cheap before 2022, and even your excuse is a flaw in the system. Huge swathes of the population must be priced out of the real estate market to accommodate the other, riskier debts.
I'm just going to repeat this. You don't seem to get it. If you got rid of banks, something operating on the same principles would appear.
The entire idea is broken, there's no need to argue it.
You'd love communism. Each person gets one room and absolutely nothing more than they need.
What's the alternative? You don't have banks, so now only the rich can afford homes and...oh, now you're back to feudalism.
Global banker ESG will cram feminine penises down your throat until you choke to death, Imp.
Blackrock actually petitioned that women shouldn't qualify as a minority, that such measures should be reserved for actual minority groups not people with clever legal teams. Honestly speaking, they've done more to take on women than any of the alt-right cuckolds or tradcucks.
I have a list of the major ESG banks, nobody listens to me though. It's not about AUM for the entire company, it's about AUM for their ESG branch and how actively their investments are managed.
You are a fucking clown.
https://www.blackrock.com/corporate/about-us/diversity-equity-and-inclusion
Yeah, BlackRock is really fighting the good fight. Larry Fink is a Jewish man so of course you are going to hamster your way into defending this shit. Pathetic.
Come on man, don't stereotype yourself like this. I know this ingroup bias is strong but don't make your brain into pretzel to defend ESG when they are the reason why the current media and big corporation shove the feminism and strong wahmen into every shows and every top positions and still manage to survive the bankruptcy.