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[cem_devecioglu]

question: why do shares go up and down frequently ? although the real value of asset is fix ..

[cem_devecioglu]

That Cem may be true of High street banking. Investment banking is something quite different.

trust me all same

Investment banks dont take deposits and hold them as such, and dont pay interest on bank accounts etc.
Pension funds and the like deposit their funds with them to have them invested on the markets,and largely speaking,historcally it has been a brilliant system.

question: if they cant press money like a central bank, then from where this money comes from ? and whose money is it actually ?

[Nickbat]

question: how do the bankers earn money ?

I don`t think they do actually 'earn' money; it`s mostly gambling (with other people`s money) and usury.

Of course they do, Debs. Without venture capital provided by banks, many small businesses would fail to start, fail to operate and fail to grow, in may cases, into export-earning enterprises. Plus the fact that the City earns a vast amount of foreign income through the provision of financial services to other countries.

Of course there are bad apples in every cart, and these should be rooted out. IMHO, the important thing for banks to do now is to show that they can use their profitability for the benefot of the wider community, taking a leaf perhaps from the Gurney Quakers.   

[Nickbat]

Buying / selling shares,commodities,futures etc. Also many other types of transactions.

ok.. let me explain briefly not going in mind boggling details..
 
simply they take from you (you is community) , give you a small interest.. and loan you (community) with a higher interest.. and the difference goes to their pocket..
 
this is called capitalism

Maybe I'm a bit ignorant Cem, but what is your definition of capitalism? 

[cem_devecioglu]

 

question: how do the bankers earn money ?

I don`t think they do actually 'earn' money; it`s mostly gambling (with other people`s money) and usury.

Of course they do, Debs. Without venture capital provided by banks, many small businesses would fail to start, fail to operate and fail to grow, in may cases, into export-earning enterprises. Plus the fact that the City earns a vast amount of foreign income through the provision of financial services to other countries.

Of course there are bad apples in every cart, and these should be rooted out. IMHO, the important thing for banks to do now is to show that they can use their profitability for the benefot of the wider community, taking a leaf perhaps from the Gurney Quakers. 

wrong.. the same can be done with a bank thats owned by public   no need to be private!
 
foreign credits also means a foreign robbery
 
 

[cem_devecioglu]

Buying / selling shares,commodities,futures etc. Also many other types of transactions.

ok.. let me explain briefly not going in mind boggling details..
 
simply they take from you (you is community) , give you a small interest.. and loan you (community) with a higher interest.. and the difference goes to their pocket..
 
this is called capitalism

Maybe I'm a bit ignorant Cem, but what is your definition of capitalism? 

no need for extra definition.. here it is..

[cem_devecioglu]

another question: 
 
whats the real value of your money ? and who defines it ?
 
say your country produces a million ton of steel per year (example) .. how you calculate its price ?
 
 
 
and assume no one wants to buy steel in the market, will it be 0£ /ton ?

[Nickbat]

Buying / selling shares,commodities,futures etc. Also many other types of transactions.

ok.. let me explain briefly not going in mind boggling details..
 
simply they take from you (you is community) , give you a small interest.. and loan you (community) with a higher interest.. and the difference goes to their pocket..
 
this is called capitalism

Maybe I'm a bit ignorant Cem, but what is your definition of capitalism? 

no need for extra definition.. here it is..

Er, no. That's not a definition. 

[albitz]

another question: 
 
whats the real value of your money ? and who defines it ?
 
say your country produces a million ton of steel per year (example) .. how you calculate its price ?
 
 
 
and assume no one wants to buy steel in the market, will it be 0£ /ton ?

Yes if no-one wants to buy something,then it has no value.

[cleggy]

The value of anything is only what someone else will pay for it

[Nickbat]

question: how do the bankers earn money ?

I don`t think they do actually 'earn' money; it`s mostly gambling (with other people`s money) and usury.

Of course they do, Debs. Without venture capital provided by banks, many small businesses would fail to start, fail to operate and fail to grow, in may cases, into export-earning enterprises. Plus the fact that the City earns a vast amount of foreign income through the provision of financial services to other countries.

Of course there are bad apples in every cart, and these should be rooted out. IMHO, the important thing for banks to do now is to show that they can use their profitability for the benefot of the wider community, taking a leaf perhaps from the Gurney Quakers. 

wrong.. the same can be done with a bank thats owned by public   no need to be private!
 
foreign credits also means a foreign robbery

1. There speaks someone who doesn't understand the benefits of competition.

2. Foreign credits? If a country wants to do business with another country and the City of London facilitates it, how can that be robbery? 

[cem_devecioglu]

another question: 
 
whats the real value of your money ? and who defines it ?
 
say your country produces a million ton of steel per year (example) .. how you calculate its price ?
 
 
 
and assume no one wants to buy steel in the market, will it be 0£ /ton ?

Yes if no-one wants to buy something,then it has no value.

it depends.. if you accept the old school demand supply curves and capitalist system, yes it has no value.. but what about the energy spend by the miners+factories+workers to produce that steel..
 
definitely there is some mathematical value which is not ZERO.. so how can we say it has no value ?

[Vamps]

question: how do the bankers earn money ?

I don`t think they do actually 'earn' money; it`s mostly gambling (with other people`s money) and usury.

I cant think of a possible way of making money which doesnt involve gambling.
Personally,Im tempted to gamble a few bob on Thomas Cook shares at the moment.

I wondered about that, they are so low at the moment.... are they going to go bust? if not got to be worth a couple of grand as an investment, question is can I afford to do it, never bought shares before......

[cem_devecioglu]

The value of anything is only what someone else will pay for it

yes..because we are all taught in this way! but wrong!

[cem_devecioglu]

Buying / selling shares,commodities,futures etc. Also many other types of transactions.

ok.. let me explain briefly not going in mind boggling details..
 
simply they take from you (you is community) , give you a small interest.. and loan you (community) with a higher interest.. and the difference goes to their pocket..
 
this is called capitalism

Maybe I'm a bit ignorant Cem, but what is your definition of capitalism? 

no need for extra definition.. here it is..

Er, no. That's not a definition. 

because you dont like it