Maybe Occupy is a harbinger of what democracy will look like: where people get together

[applegrove]

6. The new banks should lend to the less developed nations because that is where all the growth in

Last edited Fri Feb 24, 2012, 04:00 AM - Edit history (1)

wealth is going to occur. The growth rate in the USA is going to be low. The West are all mature economies. The time to invest in local communities only was in the 19th and 20th century within the USA. Local banks would be good if they could get together internationally and invest in business across the world. We are talking growth rates of 10% - 14% in rapidly developing nations vs. growth rates of 2 or 3% in the USA. It doesn't make a big difference in one year. But over twenty that would be a huge difference in money made for the bank. I hope these little local banks know this going in. If they can make a small profit and are happy with that great. Otherwise they should have an international arm that is affiliated with most of the local occupy/municipal banks and can be an expert on that type of lending. Could be micro lending in the less developed nations too.