After SVB collapse: Banking in Australia

The timing of it was interesting for me personally on the global narrative of the collapse of SVB and Signature. On Monday my application with the Commonwealth for a credit card was denied, and I put it down to my income and budget based on a slow business model.

The Big Banks will not support small and slow businesses even on the most modest request for a credit card with a reasonable credit limit. I also bank with Great Southern Bank which understands our needs. I am putting this message out high and low, and you should too.

The big banks are only concerned with risk to their own profit ***growth*** (not about profit, but greed). They do not support small and ***slow*** model businesses, and have no idea how the small private businesses are keeping community and research afloat in this country. Without adequate investments in those businesses, even in-kind funding, we will continue to have increased dumbed-down populations in history, sociology, and life philosophies, since the government in policy is destroying the maintenance and growth of the humanities in this country, and the university governors and managers are acquiescing.

The explanation from Robert Reich, the Chancellor’s Professor of Public Policy at the University of California, Berkeley, and a senior fellow at the Blum Center for Developing Economies. Believe the comprehensive experts (where is comprehensive education in this country?), not the narrow-minded political players.

Reich’s article goes to the history of economics and banking. Is anyone learning, or are we all being dumbed down?

What You Need to Know About the Collapse of SVB and Signature.

https://citywatchla.com/index.php/cw/important-reads/26606-what-you-need-to-know-about-the-collapse-of-svb-and-signature

Featured Image: Business thinking, instead of a brain, a money tree sticks out of a man`s head, dollars. Creative background, business concept, profitable idea, startup. Photo 213255724 / Greed Banking © Александр Марко | Dreamstime.com

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Neville Buch

Professional Historian at Professional Historians Association (Queensland) Inc.

Neville Buch (Pronounced Book) Ph.D. is a certified member of the Professional Historians Association (Queensland). Since 2010 he has operated a sole trade business in history consultancy. He was a Q ANZAC 100 Fellow 2014-2015 at the State Library of Queensland. Dr Buch was the PHA (Qld) e-Bulletin, the monthly state association’s electronic publication, and was a member of its Management Committee. He is the Managing Director of the Brisbane Southside History Network.

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