Graham, > > This is from my personal experience, and personal opinion. > And you are spot on as well :o) I was trying not to lash out too harshly, thinking that many people on the list might have not seen or experienced efficient banking systems and hence dismiss my remarks as mere rantings. I have recently been accused of being anti-American, of all things, as well, which is funny considering that we picked the US to incorporate most of our companies in.
The real problem at hand, as I see it, is in fact the ignorance of both, banking staff and their clients, even denial, that their system could be outdated and somewhat lacking. Bankers in the know referred to it as the coming crisis some 12 years ago just before I decided to 'leave' the industry. Things have become consecutively worse ever since... One might go as far as blaming the savings & loans crisis for it all, because it was then when many, if not most, small banks shuttered their doors. After that bank employees became a commodity and training standarts became worse by the year - if that is indeed possible. But, as well know, in the era of globalization, the weakest link sets the standard for the rest of the world, as long as the weakest link is (1) of Western origin; and (2) enjoys some sort of protection from it's respective government against foreign competition. Hence, the Western Press and Institutions are bashing foreigners like the Japanese, Chinese, Brazilians, Russians, etc. for their 'weak, unorthodox' banking sectors. And the people in those countries buy into the BS and employ overpriced and undertrained Western Banking Consultans. Unfortunately this is likely to mean that New Zealand's and others' banking systems will come down to the American standard, in order to save on training and staff expenses just to survive the onslaught of citi, stancha, etc. The only silver lining is really HSBC, who, as it so happens, have the highest staff cost components of all large multinational banks, bare RBS Group and Deutsche. But, in the end, we have no other choice but using the banking system get money into and out of DGCs and hence even if we offer superior systems ourselves, we can't overcome that particular bottleneck. Cheers, Robert. budget & privacy website hosting http://www.cyberica.net e-commerce & e-business services http://www.cyfrocash.com budget domain registrations http://www.u2planet.com --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.