[Itsme]

Originally Posted by arm79

You mean the gold old days when you avoided every second Tuesday and Thursday because the line was around the block with pensioners and dole recipients wanting to deposit their cheque. Which then turned into cashing out their payment once they started to EFT it. Or you had to wait in line for an hour to get $20 out because the only way to do it was in person with your passbook. Or 2 hour wait just to confirm your balance and if that cheque you were sent had cleared.

My father is both a business owner with business accounts and a pensioner. The only time he has stepped inside a bank over the past 10 years is to sign documents after Mum died certifying her death and changes to the accounts they shared via her estate. In the majority of those 10 years he has never paid a cent in banking fees in any of his accounts. If he has cash to deposit its done at an ATM at his convenience or through is AusPost branch.

When Mum was alive, in the preceding 7 to 8 years, she visited a bank maybe 1 or 2 times a year and that was to only deposit cheques.

Have you ever considered that the way things are now is a following of the will of the people. People don't need or want the "good old days" because of how painful and time consuming they are. They have embraced the new technologies and instantaneous electronic services offered because they are simple and efficient for time poor people. And like all good organisation they are following the path of the users.

If people didn't want what we have now, then it wouldn't exist. It would have failed shortly after inception.



Because some of us "sheeple" recognise the need for it.

Banks make profits, but they don't keep them. The profits all go to shareholders.

Who are the shareholders??? They are you, me, your work mates, your neighbour, your brother, sister, whatever other family member and their dogs...

How??? Through their/our super funds. Our retirements are heavily invested in shares and dividends from these large corporation you so hate.

People want to retire comfortably with a squillion $$$ in the bank and not just have to rely on the pension. The only way this can be done is with your super fund returning 10% a year for the next 40 years.

As distasteful as it might be, the only way to make this happen is for banks and large corporations to make mega profits, keep the dividend's rolling in and the share prices up. Our retirement wealth is heavily linked to the performance of these companies and WE actually demand they keep on doing as they have been.

Or is that another government conspiracy? Or don't you have a super fund either?

Thats OK... I'll save you the stock reply.

Keep swallowing the BS
Cheers