tag:blogger.com,1999:blog-53246864840716464.post963821901114738949..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: "A Sustainable Level of Bank Profits Appears to be About 1% of GDP". Higher Bank Profits Lead to a Ponzi Economy and a DepressionUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-53246864840716464.post-86583516508261701412010-08-14T05:34:46.219-07:002010-08-14T05:34:46.219-07:00Finance (allocating capital, protecting savings) i...Finance (allocating capital, protecting savings) is a function that can consume no more than 7 to 10% GDP for the domestic function, a tad more if there is an international function. Less if that function is carried out by others (e.g. savings of unstable states are held abroad in more stable places).<br /><br />Why should we pay bankers / financiers more than that share to do two relatively simple jobs?<br /><br />The problem is, in recent years, that share is as high as 29-30% of GDP.<br /><br />They can fight about who gets the share / distribution of the 9% GDP and the profits of 1% GDP included in that, but the basic amount should be the same.Unknownhttps://www.blogger.com/profile/13909097797119799041noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-24195598864639799002010-08-14T00:05:34.351-07:002010-08-14T00:05:34.351-07:00Re. "...Given that giant, super-profitable ba...Re. "...Given that giant, super-profitable banks lead to a Ponzi economy..."<br /><br />Not True! It is a Ponzi economy from the get-go,<br />(and you know that !?!).<br /><br />Hhowghttps://www.blogger.com/profile/16734689211310943078noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-37354211647699703102010-08-13T08:57:37.264-07:002010-08-13T08:57:37.264-07:00WB - great stuff as always. Not sure if you have s...WB - great stuff as always. Not sure if you have seen this or not. Seems to be documented well enough. <br /><br />GoM blue plague<br /><br />http://worldvisionportal.org/wvpforum/viewtopic.php?f=52&t=940Shankyhttps://www.blogger.com/profile/07202827468828896685noreply@blogger.com