Debanking

[mangocrazy]

I happen to think that Farage is a dodgy dick and judging by @mangocrazy 's spouting, so is he, but (imo) that's not a qualification to be "debanked".

The feeling is mutual, old chap.

[Screwdriver]

DIGAS about Farage or Coutts?

No, you shouldn't. The issue is not about him, it's about the ability of a bank to deperson someone for <unspecified> reasons. It is obviously a political weapon which can be misused either overtly or covertly. We only get to hear about it because the person was "famous". Then, you dig around and discover a vicar had the same for daring to express his Christian views and some Russian woman for being a "Russky".

It does look like we will be getting some new legislation to prevent this sort of authoritarianism from developing but I'm just gonna take a flying guess here, there will be similar opportunities once CBDC is launched and we all have to obey ESG rules and face carbon credit rationing.

[Cousin Jack]

DIGAS about Farage or Coutts?

No, you shouldn't. The issue is not about him, it's about the ability of a bank to deperson someone for <unspecified> reasons. It is obviously a political weapon which can be misused either overtly or covertly. We only get to hear about it because the person was "famous". Then, you dig around and discover a vicar had the same for daring to express his Christian views and some Russian woman for being a "Russky".

It does look like we will be getting some new legislation to prevent this sort of authoritarianism from developing but I'm just gonna take a flying guess here, there will be similar opportunities once CBDC is launched and we all have to obey ESG rules and face carbon credit rationing.

I hear what you are saying, but banking in this respect is just going back towards the 'good old days', when banks were fussy about who they gave out cheque books to. Quite honestly I think I prefered those days, I had no difficulties, nor did most other honest people. The feckless did, they could only spend their own money but IMO that was no bad thing.

[Mr. Dazzle]

I hear what you are saying, but banking in this respect is just going back towards the 'good old days', when banks were fussy about who they gave out cheque books to. Quite honestly I think I prefered those days, I had no difficulties, nor did most other honest people. The feckless did, they could only spend their own money but IMO that was no bad thing.

Not being able to do even that is the problem though.

[Potter]

I hear what you are saying, but banking in this respect is just going back towards the 'good old days', when banks were fussy about who they gave out cheque books to. Quite honestly I think I prefered those days, I had no difficulties, nor did most other honest people. The feckless did, they could only spend their own money but IMO that was no bad thing.

This is something different, banks have been like drug dealers, getting people hooked on credit, most people live in perpetual debt, the banks own your houses, your cars, etc.
People genuinely think it's ok to live their whole lives on the banks money and think there are no downsides, but if the banks suddenly switch that off or tell you to dance for it, then you'll dance or give up your life.

The current economic situation was either outrageous negligence because the banks didn't know what they were doing, or they created this situation on purpose as a business model.
Either way, I wouldn't fancy all my stuff being owned by a bank right now.

[weeksy]

Figures show that 32.6 per cent of dwellings were owned outright in UK in 2021

Even more interesting the number of people with a mortgage has dropped by 4% to 29%

[gremlin]

Banks - lend you an umbrella, then ask for it back when it starts raining.

[Count Steer]

I hear what you are saying, but banking in this respect is just going back towards the 'good old days', when banks were fussy about who they gave out cheque books to. Quite honestly I think I prefered those days, I had no difficulties, nor did most other honest people. The feckless did, they could only spend their own money but IMO that was no bad thing.

Slight digression but relevant to the way things used to be and how they were changing perhaps. In my final year at Uni I was overdrawn a bit (couldn't be a lot as they were pretty tight with scrottagy students). Went into the Uni (NatWest) branch to get some cash as you had to do then, pre ATM. Manager hoves into view 'Ah, hello Mr X I'm pleased to see you. It saves me writing a letter. Step this way'.

When I emerged he'd sold me some life assurance*, bumped up my overdraft limit and approved me for the holy grail of a bank card.

* which worked out v nicely 'cos later, when I had a job, I bumped up the payments and got a decent payout on maturity.

[Potter]

Figures show that 32.6 per cent of dwellings were owned outright in UK in 2021

Even more interesting the number of people with a mortgage has dropped by 4% to 29%

That's only a small part of the story.

"Home ownership among young people has almost halved since the 1980s, according to one recent study, as property prices have massively outpaced wage growth." - https://www.thisismoney.co.uk/money/mor ... eveal.html

So if you're over fifty then you're quite likely to own your home now (and perhaps rental properties) but if you're a young person, or you haven't strived to pay off your mortgage as a priority, then you're at the mercy of the banks, or left out in the cold entirely.

We're digressing, but to stay on theme, banks are becoming increasingly important, powerful and influential and I'd suggest that this isn't a good thing, I'd prefer to see more socialist ideology shaping the world, rather than banks.

[Cousin Jack]

This is something different, banks have been like drug dealers, getting people hooked on credit, most people live in perpetual debt, the banks own your houses, your cars, etc.
People genuinely think it's ok to live their whole lives on the banks money and think there are no downsides, but if the banks suddenly switch that off or tell you to dance for it, then you'll dance or give up your life.

The current economic situation was either outrageous negligence because the banks didn't know what they were doing, or they created this situation on purpose as a business model.
Either way, I wouldn't fancy all my stuff being owned by a bank right now.

Banks used to be banks, staid, respectable, old fashioned and ultra cautious.

Then new managers came in, except they weren't bankers, they were salesmen. Everything was about targets, loan targets, insurance targets, mortgage targets. Remember Fred the Shred? An extreme example of the new breed.

Add in the modern "I want it all, NOW!" culture, and banking morphed into a monster. Just wait for the next really big financial crisis and you will see how bad it has become. Everyone wants their bank to be friendly and helpful, but banks don't loan out their money, it is someone else's. And someone else wants it back, or will do soon.

[Screwdriver]

I am currently being deplatformed on this forum and let me tell you, after all these years it is fucking horrible.

I know what it is like to have a service taken away from you without any ability to protest. Yeah, that gets taken away too.

Still, at least Yorick will be happy if he's not too busy wanking over the lovely ladies.

[weeksy]

I am currently being deplatformed on this forum and let me tell you, after all these years it is fucking horrible.

LOL No you're not.

[Cousin Jack]

I am currently being deplatformed on this forum .................

Your conspiracy is showing!

You are writing on the forum, so you have not been deplatforment.
QED

[Screwdriver]

I am currently being deplatformed on this forum and let me tell you, after all these years it is fucking horrible.

LOL No you're not.

My PM still don't work. You have removed my subscription, you are closing my threads...

[Screwdriver]

I am currently being deplatformed on this forum .................

Your conspiracy is showing!

You are writing on the forum, so you have not been deplatforment.
QED

It is death by 1000 cuts.

[Potter]

Just wait for the next really big financial crisis and you will see how bad it has become.

The next crisis might not be financial, it might be another pandemic, or something else that we haven't even thought of yet.

I went through the 2009 crash and it changed my behaviour, then I went through the pandemic and it changed my behaviour, it still amazes me that some people didn't change anything, I find it genuinely weird how they just plod on hoping for the best.

I was chatting to a bloke in the village who is retired now but he was a financial advisor all his life, he said he saw similar stuff in the 60s/70s/80s and he said to his amazement people just plodded on totally oblivious, never learning or taking a lesson from anything, he said he watched some of his clients go bust even though he was begging them to follow his advice and make more sensible decisions, so perhaps that's normal human behaviour and it's just a few of us who are obsessed or a conspiracy nutters

[Potter]

I am currently being deplatformed on this forum and let me tell you, after all these years it is fucking horrible.

LOL No you're not.

My PM still don't work. You have removed my subscription, you are closing my threads...

Seriously?

[Count Steer]

Figures show that 32.6 per cent of dwellings were owned outright in UK in 2021

Even more interesting the number of people with a mortgage has dropped by 4% to 29%

That's only a small part of the story.

"Home ownership among young people has almost halved since the 1980s, according to one recent study, as property prices have massively outpaced wage growth." - https://www.thisismoney.co.uk/money/mor ... eveal.html

So if you're over fifty then you're quite likely to own your home now (and perhaps rental properties) but if you're a young person, or you haven't strived to pay off your mortgage as a priority, then you're at the mercy of the banks, or left out in the cold entirely.

We're digressing, but to stay on theme, banks are becoming increasingly important, powerful and influential and I'd suggest that this isn't a good thing, I'd prefer to see more socialist ideology shaping the world, rather than banks.

Converting the building societies into banks was one of the biggest errors (IMO). Lots of people just rubbed their hands and took the payoff then watched as they got mopped up by the bigger banks.
Their model was fine, save money, get interest, get a mortgage when you met the lending criteria. They balanced their books without offering all the other banking facilities, were often locally focused, employed local people etc etc.
Can't stop progress and I'm not a natural Luddite but sometimes it does seem to be progress in the wrong direction.

[weeksy]

My PM still don't work. You have removed my subscription, you are closing my threads...

1. Your PMs don't work because your inbox is only a certain size due to not being a paid member.
2. You're not a paid member because i refunded your payment 3 months ago and the system recently updated itself and removed you from the group. Why did i remove you, at the time you were harping on about being a paid up member and the rights that afforded you to justice when someone posted things you don't like. I wasn't having it hung over my head that because you'd paid £15 for the place that i 'owed' you something.
3. I closed the thread yes. That's my job. I also removed the "ban screwdriver" thread you created as i didn't see it helping the forum in any way.

There's no conspiracy, there's no agenda. You're being daft if you think that. If you empty your PMs you can read the PM i sent you.

However, i will repeat this for the 100th time... I may own the forum, the place, the IP, whatever you want to call it. But that doesn't mean i'm going to run round like a headmaster of a school stopping people pulling eachothers hair. If you think i will, then you don't know me in the slightest.

I don't care, i don't have sympathy, empathy or any other type of thy. If you're not happy on the forum and how it is as an experience for you, turn off your computer and leave. Logout... simple as that. If you are happy, stay and enjoy.

This is NOT a conspiracy to ban you... If i wanted to ban you, it would take less than 10s of my life to click the button. Sometimes i feel you want that just so you can whinge about how hard done to you are and how i've proven your point. Tough...Leave if you wanna, stay if you wanna, but FFS be a grown up about it either way.

[gremlin]

Converting the building societies into banks was one of the biggest errors (IMO)

And yet, who converted the Building Societies to banks?

The members.