manning55 Loc: Richmond, Va

Here is my latest version of a Worldview done this time as a table. It is far more readable!

Attached file:
(Download)

robertv3

I looked in the table for banking. The nearest topic I found was "Finance" under "Economy".

So, what do you think about "Finance"?

manning5 Loc: Richmond, VA

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Finance covers a lot of ground for this table, including banking, mortgage lending, transfers, Loans, regulations, and so on.

It turns out that every subject can be drilled down to major subsets of subjects

robertv3

Hmm. Well then, I shall say a little about what I think about banking. According to author Robert DeFremery, in _Rights vs. Privileges_, as he relates it on pages 1 & 2, in a conversational style:

"'Would it surprise you to know that two powerful interests other than slaveholders heavily influenced the writing of our Constitution and are still with us today -- more powerful than ever?'

"'It certainly would. What evidence is there of that?'

"'James Madison's extensive notes taken at the Constitutional Convention. I take it you haven't read them?'

"'No.'

"'You should. And read them carefully. Madison left no doubt about the influence of these privileged interests.'

"'Like what? Name them.'

"'Landholders and bankers.'"

I (robertv3) would agree that in the banking system we have today, bankers are specially privileged in a way that they shouldn't be.

In banking, there are different kinds of accounts. I think of them as either investment accounts or withdraw-upon-demand accounts. What I'm interested in here is withdraw-upon-demand accounts. My checking account (and my savings account, if I had one) is a typical withdraw-upon-demand account. I have the expectation (in most normal times) that I can withdraw all the money in my checking account at any time I want, with no delay, and with no advance notice to the bank. This is a proper and normal expectation for checking accounts and most simple savings accounts. However, notice what's happening lately to some savings accounts:

"People are ‘robbing’ banks in Lebanon – to take their own money" ( https://www.aljazeera.com/news/2022/9/15/what-is-behind-lebanons-bank-robberies-explainer )

The key problem is "little reserves left". And that phrase is found in the article.

The same problem (not "bank robberies" per se, but rather the problem of not being able to withdraw one's money from a withdraw-upon-demand account) occurs once in a while in the U.S., for the same reason: "little reserves left". It doesn't need to have anything to do with "foreign currency" or any foreign "exchange rate" (although those phrases are also found in the same article). The same problem occurs without those factors. The problem is insufficient reserves. I hope to say a little more about this later, but that's enough for now.

manning55 Loc: Richmond, Va

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Well said. In drilling down for the functions under Finance/Banking there are a myriad of subfunctions to account for, insufficient funds to pay out being one condition of the function payout.

Not being a banker myself, explication of all major banking functions will take time for me to read up on it. It does not have the highest priority at this time over some of the immediate existential subjects in my worldview.

manning55 Loc: Richmond, Va

A Small Comment

I have made a great effort to compile this Worldview Subject
Table. One obvious question is simply: Why?
For me, there were a number of reasons:

1. I now have written identification of the lead subjects I intend to cover in the worldview. They can no longer hide from my pen or my brain.
2. The listings of subjects allows me to address several composition problems, including prioritizing the work and insuring cross references are included.
3. They become a checklist during the rest of the writing I have not yet done.
4. In sum, the subject lists help me to ensure my conservative orientation is clear throughout.

robertv3

You say, "4. In sum, the subject lists help me to ensure my conservative orientation is clear throughout." It looks like you have some kind of vision, which came first, before the list was made. So maybe there is some philosophical or logical argument that really motivates you, and the subject lists may have been made to further that vision or that argument.

manning55 Loc: Richmond, Va

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Interesting comment! I first developed a Belief System over 2002-2015, modeled after one I found in the book "Understanding Our Times" by Jeff Myers and Peter Noebel, of Summit Ministries. Subsequently I have gone through a number of iterations and extensions, first as a Worldview in 2019, second in 2021, and now in 2022. The 2019 version I posted here on OPP that year, and now the latest version here this past week. So you can say that I had prior understanding of what I was on about. My Belief System came first, then the worldview!
I have been a Christian, a conservative, a Republican and a veteran, during my entire life. The worldview simply puts all the subjects I am writing about in one place.

Since this one was published, I have added quite a few other subjects of my special interest. The count is now at 350 or so, and I have added several more major topics:People, Places, and Activities of my interest.