Post
Topic
Board Economics
Re: Nowhere to Hide: IMF Advocates a Cashless World
by
centralbanksequalsbombs
on 16/05/2017, 23:44:00 UTC
To start a bank you need sufficient capital

If you have that, you can start a bank, as plain and simple as it gets. This is certainly not about "no one is allowed to start a bank". Apart from that, I don't see what it has to do with your point. Further, it is not my idea that big corporations can and do establish their own "pet" banks (I have provided you a link). In fact, many international or just large enough companies which started as pure production (or whatever) firms are now part of large financial groups which include banks to serve the interests of these groups. The fact that Facebook doesn't have a bank means that it is not a corporation (which it is not) or it doesn't need a bank, just as simple. I don't understand why you continue this futile argument

Gazprombank was founded in 1990. Its not a new bank. Russia being one of the few countries not run by international bankers, it is probably one of the few countries which would allow someone to start a relatively new bank.

Can you name a bank that was recently founded by a large corporation as you claim?

It is illegal to start a bank in most countries that are run by central banks. There's a reason why no one goes into the banking business despite the technology being used by most banks being old, obsolete and outdated.

Russia is one of the oldest to be run by international bankers: The Central Bank of the Russian Federation also known as the Bank of Russia (Russian: Бaнк Poccии Bank Rossii) is the central bank of the Russian Federation, founded in 1860.

How else would profiteering from FINANCED wars involving Russia be so easy for international central banks to coordinate?