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Finance does not create value, it is actually a support function to help the real economy (manufacturing, technology, services, etc.) function. A bit like the customer support helpdesk when your SAP system does not do what you want. However, the main difference is the salary and bonus. Why?
I wonder why, would you pay your helpdesk huge amounts of bonuses? Of course not, so why do bankers get bonuses and huge salaries? Because it is a mafia, because they have prime access to the funds, especially in times like these, when governments are pumping trillions of dollars in the system to keep it away from collapsing, who gets to pump the money in the system? Bankers of course. It is like a toll road to start with. The money is given to bankers to pump it in the system, and they take a cut out of it.
Then, to pump the money in the system, because of regulatory issues, they cannot lend to the full extent of what the economy needs, so they invest the money in the stock market. This creates a big rally, which is in fact just a smokescreen to get a large bonus for a good performance on the stock market.
A mafia it is, using the concession-based business of managing the money flow, government links to pump the money in and out, allowed to use the money for own profits, and when they go bust, the tax-payer is the one to pay for it.
That is what happens when your helpdesk holds you for ransom, because your customers are your asset, and when the helpdesk goes on strike, you lose your assets. This helpdesk analogy is then amplified by a leverage of at least 12, just imagine what that is. No wonder everybody wants to become a banker, that much for support....
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