No matter how right these external bodies are, all you have to do is tell the stupid ones that someone is telling us how to run our country, and immediately the el stupidos (PLP supporters) say that everything is all right and these external bodies should mind their own business. It is not hard to convince apathetic Bahamians of anything.
So if he is re-incarnated, did he leave all of his money to himself?
Actually though, re-incarnation is not a Christian belief -- remember the Resurrection of the Body ting? You go into the cloud, into a holding pattern and wait for the final trumpet.
Or if you are PLP, you go directly to Hell, you do not pass go, you do not collect $200. If you are dyslexic, your soul goes to Santa. But whatever the outcome, you do not make a re-appearance in this veil of tears.
The whole idea of banks is to prey on the people with little money, and to suck up to people with a lot of money -- with the hopes of siphoning some of it off. Every single advancement of infrastructure or investment, is to increase the bottom line. If infrastructure investment will not contribute to profits, they won't do it. Jerry Munger, the partner of Warren Buffett has a term for it -- surfing. As long as the profits are coming in, they surf -- ride the wave. When the ride slows, they do an assessment. If investment will allow them to ride the wave some more, they will invest. If not, they pack their things and go home. Actually doing social and economic good is not in their charters. For any bank in the world.
Yes I totally understand. Just because Myles felt he was as far as he could go, he needed to die -- just like Jesus, except that Jesus gave his stuff to the poor and rendered unto Caesar and stuff. And Jesus wasn't selling anything. However, I understand that Jesus was going to hold a Sermon on the Mount conference as well, and would have cost 100 shekels to get in, but the entertainment and the appetizers would be provided.
So to finish off the job, 8 other people were killed, including a young couple in the prime of their lives who's work was not finished -- but hey, it didn't matter because Myles work was done. Makes sense to me. His wife was probably done her shopping too, so it was time to depart the earth. I get it now. God killed a baby too, because Myles work was done. Hallelujah!
No argument from me there about the reality of Bahamians. It is just rather unfortunate that it is the case.
All that I'm saying, is that the country is behind the power curve. With the RBC in Canada, one can open a bank account online in 10 minutes online or over the phone. Bahamians are not equal citizens to what is generally available to most people elsewhere. And it pisses me off. That is the substance of my rant. There is no reason why we shouldn't have the same banking perks here. However the infrastructure is not there. No credit bureau. No fast clearing house for cheques. etc etc etc.
If we had an up-to-date banking infrastructure, we could deposit cheques like they do at Bank of America -- take picture of it with your smart phone, and start using the money 5 minutes later. But no, it still takes ages to clear a cheque. We are still in the dark ages of banking.
RBC is re-adjusting and de-allocating resources from commercial banking to investment banking. Last reported, trading revenues were over three-quarters of a billion dollars, while employee head count and wealth management declined by double-digit percentages.
They can make a hell of a lot more money by trading stocks, bonds, derivatives and funds, than by having branches all over the Caribbean. For 100 years, it was the only way to make money, but times have changed. RBC is said to be investing close to $100 million in Artificial Intelligence to trade the securities markets:
It's not worth it to have buildings, tellers and do stuff like cash cheques and give out loans anymore. It's now all Fintech, micropayments, and Machine Intelligence Trading using Big Data.
Since we don't even have a scintilla of a knowledge economy, and the human capital is so poor here with an uneducated workforce, RBC cannot and will not invest here.
Banking is changing everywhere around the world, except in our backward little corner called the Bahamas. We have been left behind.
There are now internet-based banks in North America that have no branches. They do have a hot line for help, but if you call it too often, they get rid of you as a customer. The wave of the future is very little bricks-and-mortar banks.
banker says...
Bless you.
On DNA ratifies four general election candidates
Posted 6 March 2017, 7:19 a.m. Suggest removal
banker says...
I do believe that The Light Bearer is having a good ole time, sticking his pitchfork into preacher as we speak as the flames dance in glee.
On Kenyatta Gibson withdraws FNM candidacy
Posted 5 March 2017, 5:43 p.m. Suggest removal
banker says...
No matter how right these external bodies are, all you have to do is tell the stupid ones that someone is telling us how to run our country, and immediately the el stupidos (PLP supporters) say that everything is all right and these external bodies should mind their own business. It is not hard to convince apathetic Bahamians of anything.
On UPDATED: Human rights report highlights 'intimidation of nongovernmental organisations'
Posted 5 March 2017, 5:38 p.m. Suggest removal
banker says...
So if he is re-incarnated, did he leave all of his money to himself?
Actually though, re-incarnation is not a Christian belief -- remember the Resurrection of the Body ting? You go into the cloud, into a holding pattern and wait for the final trumpet.
Or if you are PLP, you go directly to Hell, you do not pass go, you do not collect $200. If you are dyslexic, your soul goes to Santa. But whatever the outcome, you do not make a re-appearance in this veil of tears.
I sincerely doubt that Myles was a Buddhist.
On Kenyatta Gibson withdraws FNM candidacy
Posted 5 March 2017, 1:37 p.m. Suggest removal
banker says...
The whole idea of banks is to prey on the people with little money, and to suck up to people with a lot of money -- with the hopes of siphoning some of it off. Every single advancement of infrastructure or investment, is to increase the bottom line. If infrastructure investment will not contribute to profits, they won't do it. Jerry Munger, the partner of Warren Buffett has a term for it -- surfing. As long as the profits are coming in, they surf -- ride the wave. When the ride slows, they do an assessment. If investment will allow them to ride the wave some more, they will invest. If not, they pack their things and go home. Actually doing social and economic good is not in their charters. For any bank in the world.
On Out Island ‘uproar’ over RBC closures
Posted 5 March 2017, 7:47 a.m. Suggest removal
banker says...
Yes I totally understand. Just because Myles felt he was as far as he could go, he needed to die -- just like Jesus, except that Jesus gave his stuff to the poor and rendered unto Caesar and stuff. And Jesus wasn't selling anything. However, I understand that Jesus was going to hold a Sermon on the Mount conference as well, and would have cost 100 shekels to get in, but the entertainment and the appetizers would be provided.
So to finish off the job, 8 other people were killed, including a young couple in the prime of their lives who's work was not finished -- but hey, it didn't matter because Myles work was done. Makes sense to me. His wife was probably done her shopping too, so it was time to depart the earth. I get it now. God killed a baby too, because Myles work was done. Hallelujah!
On Kenyatta Gibson withdraws FNM candidacy
Posted 5 March 2017, 7:45 a.m. Suggest removal
banker says...
No argument from me there about the reality of Bahamians. It is just rather unfortunate that it is the case.
All that I'm saying, is that the country is behind the power curve. With the RBC in Canada, one can open a bank account online in 10 minutes online or over the phone. Bahamians are not equal citizens to what is generally available to most people elsewhere. And it pisses me off. That is the substance of my rant. There is no reason why we shouldn't have the same banking perks here. However the infrastructure is not there. No credit bureau. No fast clearing house for cheques. etc etc etc.
On Out Island ‘uproar’ over RBC closures
Posted 4 March 2017, 9:16 p.m. Suggest removal
banker says...
If we had an up-to-date banking infrastructure, we could deposit cheques like they do at Bank of America -- take picture of it with your smart phone, and start using the money 5 minutes later. But no, it still takes ages to clear a cheque. We are still in the dark ages of banking.
https://www.bankofamerica.com/online-ba…
That is why High Net Worth Individuals do not even want their money here anymore. Our infrastructure is not up-to-date enough for the times.
On Out Island ‘uproar’ over RBC closures
Posted 4 March 2017, 7:49 p.m. Suggest removal
banker says...
RBC is re-adjusting and de-allocating resources from commercial banking to investment banking. Last reported, trading revenues were over three-quarters of a billion dollars, while employee head count and wealth management declined by double-digit percentages.
They can make a hell of a lot more money by trading stocks, bonds, derivatives and funds, than by having branches all over the Caribbean. For 100 years, it was the only way to make money, but times have changed. RBC is said to be investing close to $100 million in Artificial Intelligence to trade the securities markets:
http://www.itworldcanada.com/article/mi…
It's not worth it to have buildings, tellers and do stuff like cash cheques and give out loans anymore. It's now all Fintech, micropayments, and Machine Intelligence Trading using Big Data.
Since we don't even have a scintilla of a knowledge economy, and the human capital is so poor here with an uneducated workforce, RBC cannot and will not invest here.
Banking is changing everywhere around the world, except in our backward little corner called the Bahamas. We have been left behind.
There are now internet-based banks in North America that have no branches. They do have a hot line for help, but if you call it too often, they get rid of you as a customer. The wave of the future is very little bricks-and-mortar banks.
On Out Island ‘uproar’ over RBC closures
Posted 4 March 2017, 7:37 p.m. Suggest removal
banker says...
True. I've been seeing it since 2007.
On Out Island ‘uproar’ over RBC closures
Posted 4 March 2017, 7:25 p.m. Suggest removal