The Force of Modifying Behavior

[seemslikeadream]

of course "in theory"

I am from a family that experienced genocide, so there's that ...more than a theory to me, my kin were at Vinegar Hill

but the world called it a "potato famine" maybe you heard of that one

The Great Irish Famine Was Genocide

By Francis Boyle
viewtopic.php?f=8&t=34279&hilit=real+Irish+history&start=30

and in posting about what is of interest to me as always

[minime]

of course "in theory"

I am from a family that experienced genocide, so there's that ...more than a theory to me, my kin were at Vinegar Hill

but the world called it a "potato famine" maybe you heard of that one

The Great Irish Famine Was Genocide

By Francis Boyle
viewtopic.php?f=8&t=34279&hilit=real+Irish+history&start=30

and in posting about what is of interest to me as always

I always wait a half hour or so for you to finish your changes before replying. I hope you're finished.

Yes, I've read about it. And that's why the English invented whisky. They were shits of course. And Queen Victoria was all for giving them tea and crumpets, but she was shouted down by the House of Lords. Must feed the troops, they cried. Modest proposals and all that.

I'm sorry for your loss. Again, you're against genocide. Duly noted.

You get the last word...

[seemslikeadream]

You get the last word...

well now I do

Again, you're against genocide

yes I apparently for some strange reason (your finances?) I had to make that clear to you

I always wait a half hour

that's not true....you're waiting I mean

now that we are done with genocide views on to my editing there is an edit button and yes I use it frequently


all this because I was interested in how you're going to enrich your heirs?

How would they ever know?

I'm surprised at your interest. When the core of the forum repeatedly advocated to end the world as we know it (many), advocated genocide (wombat), advocated assassination (justdrew), foolishly asserted that everyone hates women (willow), where were you then to make corrections?

When riddler proposed suicides, you were here then, and criticized him openly. I'll grant you that. Good for you.

But this? Strange that this offends your delicate sensibilities when genocide does not.

[Elvis]

Comments two and three are bitter sarcasm.

Whoa now. Take the compliment! and thanks for the pass!

Bank accounts, when handled properly end up costing the institution money, while giving me great flexibility doing the business of living. Putting my money in an S&L then would be doing my community a disservice, while banking is an act of subversion.

In the US, credit unions (distinct from S&Ls) exist to serve the convenience of their owner/users, not the other way around. I think if you really want to cost banks money, don't deposit any money with them.

Why Do Banks Want Our Deposits?

That's why banks give you the $200 sign-up reward, every charge on the card is a new deposit, even the $200 becomes a new deposit! — same reason banks send out 'checks' worth $50 to $200 or more just for opening a new account with a deposit.

The NSF fees etc. that they always hope to charge are icing on the cake. Most importantly, the fees become more deposits.

So when you sign up—responding to the banks' efforts at behavior modification—you're boosting their balance sheet.

When small state banks—often worthy institutions—started sending out those inducement 'checks', I wondered how they could afford it. Fees could recoup the inducement, assuming that most signer-uppers are living on the edge, more likely to incur overdraft fees etc. (Sophisticated types like me just toss the offers in the recycling bin.) But even if no fees are collected, they get your deposit plus they get the $200 as a deposit when you redeem it.


(This sideline should, if it must, continue in the MMT thread.)

[minime]

Comments two and three are bitter sarcasm.

Whoa now. Take the compliment! and thanks for the pass!

Bank accounts, when handled properly end up costing the institution money, while giving me great flexibility doing the business of living. Putting my money in an S&L then would be doing my community a disservice, while banking is an act of subversion.

In the US, credit unions (distinct from S&Ls) exist to serve the convenience of their owner/users, not the other way around. I think if you really want to cost banks money, don't deposit any money with them.

Why Do Banks Want Our Deposits?

That's why banks give you the $200 sign-up reward, every charge on the card is a new deposit, even the $200 becomes a new deposit! — same reason banks send out 'checks' worth $50 to $200 or more just for opening a new account with a deposit.

The NSF fees etc. that they always hope to charge are icing on the cake. Most importantly, the fees become more deposits.

So when you sign up—responding to the banks' efforts at behavior modification—you're boosting their balance sheet.

When small state banks—often worthy institutions—started sending out those inducement 'checks', I wondered how they could afford it. Fees could recoup the inducement, assuming that most signer-uppers are living on the edge, more likely to incur overdraft fees etc. (Sophisticated types like me just toss the offers in the recycling bin.) But even if no fees are collected, they get your deposit plus they get the $200 as a deposit when you redeem it.


(This sideline should, if it must, continue in the MMT thread.)

Last post on this topic (last post on any topic) in this thread.

I know how banks operate, and how credit cards operate. But this is not about banking practices; it's about manipulating bank practices, and taking advantage of them.

My checking account, for instance, has no minimum limit and no service charges. I keep virtually nothing in the account, usually less than a dollar. My money is invested in my life and my friends' lives. Doing otherwise would be ignorant and naive. The credit cards similarly have no balance, except when they have negative balance, due to the above-mentioned inducements. Therefore, the banks make no money off me, and I use their services for free. I wouldn't put my money in a Savings and Loan because it would cost them money. Enlightened self interest and institutional subversion.

Really, I said all of this in other words in the above post, which you ignored and needlessly turned into a mini-tutorial on macroeconomics. So this post is probably wasted words as well. How can we have a conversation if you don't read the posts.

That said, I've decided to take a year off until November 2020 or so (out of a kind of anomie) to get well, help Bernie get elected, prepare for property rezoning, and finish (ha! not!) my 2.5-acre garden. If I don't return, you'll know that I have shuffled off these mortal coils.

All the best to you and yours.

[82_28]

No need to leave minime. You sound like you can add quite a bit to this thread if it does happen to go forward. Shit just grows. I actually started the thing about following all the "rules" and yet still breaking them to others and thus one must modify their behavior for their rules. In my book, you're just fine and hope you still keep posting to it as I know very little of what it it sounds like you know a lot about.

[Laodicean]

https://www.youtube.com/watch?v=bufHojkoGtw

[Laodicean]

https://www.youtube.com/watch?v=alasBxZsb40