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The Forum > Article Comments > Christian origin of Australian financial institutions > Comments

Christian origin of Australian financial institutions : Comments

By Michael Jensen, published 12/6/2018

The bank was to be a bulwark against exploitation and corruption, for the common good.

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" Christians who had a vision of their work as serving the greater good."

For "Greater good" read read "Me and my friends".

My father, who was never short of a quick quip was at a meeting one day when one of the gentlemen present declared that he was a Christian businessman. Dad observed to his neighbour "and a rogue to boot". He wasn't wrong either. That same "Christian businessman went broke owing millions of dollars to other men in his same line of business.

David
Posted by VK3AUU, Tuesday, 12 June 2018 4:27:27 PM
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Hi Yuyustu, when we operated under a gold standard. We had something of real intrinsic value that roughly kept pace with inflation etc. etc.

And meant that the dog chasing its tail wages price spiral/inflation and housing costs etc. Were more or less contained and affordable. And the reason we and other nations abandoned it?

Hard times ahead beckon, and on a global scale.

We here try to make industry and business more competitive with half-baked tax cuts to offset the rising cost of power and everything else.

We need real tax reform that shares all the advantages, rather than quarantining them for a group that around a third of, don't pay any tax to anyone?

And given the top tax actually paid in real honest to goodness money by any corporation was just 13 cents in the dollar for the year ended 2017!

An unavoidable tax of 15% flat tax, that comes without deductions or tax reconciliation costs ( around 7% av.) Would raise more actual real revenue, while reducing real corporate costs by around 5%. And a win/win outcome all round, except for those paying less on average than 5%. Courtesy of tax havens and or very creative accounting.

Are politicians served by the status quo? And the reason for getting real reform in this area, made more difficult than pulling wisdom teeth or herding cats?

Ditto resisted or dismantled cooperative capitalism that effectively deals out unions or shylock merchant bankers and their, birds of a feather, cohort!
Alan B.
Posted by Alan B., Tuesday, 12 June 2018 4:47:08 PM
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"all human beings as made in the image of God, and also an understanding that we are deeply flawed."

There is an oxymoron, if ever I have read one.

David
Posted by VK3AUU, Tuesday, 12 June 2018 4:54:58 PM
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David,
Are you really unfamiliar with the concept of poor quality copies?

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Alan B.,
The gold standard was truly evil. It caused hyperinflation whenever countries ran out of gold. Because of this, poor countries had to prioritise maintaining their gold reserves and so neglect human development requirements. This killed millions and ruined the lives of billions.

In rich countries it wasn't quite so bad: the countries were recognised as creditworthy. Even so, they often had to resort to managed devaluations which were far more inflationary than the market led system of today, and gave speculators the opportunity to get rich at the expense of the country.
Posted by Aidan, Tuesday, 12 June 2018 5:46:52 PM
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The concept of usury (lending money at interest) is specifically forbidden in the Bible.

That's why early Christians were happy for the already-damned Jews to provide that service for them but eventually realised that they were missing out on making money too so they conveniently redefined usury as something else - like changing the meaning of the word "sodomy".

Now money is the new God and the Church has grown quite fond of it.

The "Butter Tower" in France was built from the proceeds of indulgences sold to the French so they could continue to eat butter during Lent guilt-free. Nice little earner that one.
Posted by rache, Thursday, 14 June 2018 2:46:29 PM
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' Now money is the new God and the Church has grown quite fond of it.'

true Rache especially the gw high priests. Just ask Al Gore.
Posted by runner, Thursday, 14 June 2018 3:19:52 PM
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