Home > Current Affairs, Human Interest, Politics - Domestic, The EYE-BALL MediaZone, The EYE-BALL Opinion > EYE-BALL on – Can you name a Profession that is still respected …

EYE-BALL on – Can you name a Profession that is still respected …

September 11, 2011
The-EYE-BALL-Opinion-Header-2
Title:
Can you name a Profession that is still respected …
The workforce has many types of professions – in the context of the have and the have not’s – there is the educated profession and then there is the blue collar type profession.  The Blue-Collar profession has its own quirks and nuances – least of all Unionism and the bully factor that represents.  Generally it is honest work of sweat and toil for not so great wages.  It is subject to all economic cycles and reliability of employment is often in the hands of others.

The other side of the workforce is the traditional Professional person, Lawyer, Doctor, Banker, Accountant, Office Management, Corporate DIrectors, and of course Politicians.

Name any of these so called ‘pillar of society’ professions that has unconditional respect for the work they do.

Many years ago – say 30-40 – each of these professions carried an automatic community and Business acknowledgement that their opinions mattered – that their profession was by association a profession that commanded respect.  Each have lost their way –

  • Lawyers on account of their obscene fees and torting of their clients
  • Doctors over their abuse and torting of the Medicare bulk billing and other over servicing
  • Bankers because of their obsessive compulsion to rip clients off all for the sake of personal bonus’
  • Accountants because they draw lines for small business and individuals – yet will do anything at the bequest of big business to allow them to avoid paying taxes …
  • Office Management because they pride their own jobs as more important than those of the real workforce who deal in customer service
  • Corporate Directors because they rely on professional opinions to cover their asses and all trade on inside information, and of course
  • The lowest of all – our Politicians because they can never tell the truth and have a story to cover every lie and are the most corrupt of all profession’s.

When a society looks to its leaders and see them all as being part of the above collection of corrupted and polluted process’ – how can a society respect itself?

Where is the example of ‘do as I do’ and not ‘do as I say‘?

How can the mass’ be expected to set examples for future generations when Leaders across the globe all trumpet their opportunity at the troff … snouts gorging on the possibilities of personal gain and spoils of their position – hopefully all planned and carried out without getting caught.

Whatever life’s cycle has been to get us all to this place – everything about our quality of life and standard of living is now on the backside of a nightmare scenario we are all now living and trapped within …

Whenever history has shown the world is facing a crisis – there has never been a time when it has survives unscathed … the next 10-20 years will be the worst in any living memory – it will be the first generation where living standards in Western civilisation have worsened and deteriorated …

How populations cope with that will dictate how the human race survives – these are times when Leaders need new thinking – need new ideas and are not afraid to try new things.

The British Opposition Leader spoke of ‘striking off Bankers’ – he said – ‘no one has paid the price for causing the GFC’  – [read story here] – and he is right – why should Bankers be allowed to continue their greed at any cost and use other people’s money to achieve their own goals …

It’s time for everyone to take a look – measure their moral compass – take a deep breath and admit their culpability and do the right thing.

________________________________________

The EYE-BALL Opinion …

Advertisements
  1. Ghost of yoda
    September 12, 2011 at 9:30 am

    Pawnbroking…its the new and ethical side of financial management…where most of the lenders are going broke, its so hard to make a profit, there are only 2 independants in Brisbane. This is an example of the Government not looking after the small business people with legislation that enables “battlers” to borrow.
    Where do they borrow from if the legal alternatives are taken away….I will tell you “criminals”.

    Thats what governments are going to get as a result of capping interest rates…..mathematically you cannot annualise a rate if the term is for less than 1 year….it becomes an irrelevance. Try telling that to our “dumb” politicians……who quite simply do not care…..afterall making small business/ finance/ micro lending profitable to a point of its existence is not anything that is going to get them votes.

    In Canada where different provinces have different legislation, the provinces with capped interest rates have a researched 30% higher crime rate than provinces with no caps!

    Go to the Cash Converters website and vote NO to caps.

  2. Cowboy
    September 12, 2011 at 10:30 am

    You recon’ ‘PAWNBROKING’ as a respected profession … what planet are you from …

    Here in the States – Pawnbroking is only one rung above ‘drug dealer’ and just below the Corrupt Politician in ranking terms …

    Funny Funny – you Aussies crack me up …

    Cowboy …

  3. Herman
    September 12, 2011 at 11:08 am

    This post by Ghost of Yoda, may start by being somewhat preposterous but when you think about it, it is indicative of the the nonsense of both “Too big to Fail” and “the 4 pillars”.

    Our banks are getting far too fat on low risk mortgage lending (low risk by Basle capital adequacy measures) that the lack of competition means that far too much of the mining sector is being developed with foreign capital (China). That in turn prevents local engineering companies from doing the project resource development and so on. This is where Bluescope claims they are at a domestic competitive disadvantage.

    Aussie Home loans latest advertisements say they source loans from 16 banks. They mean Bank of South Australia, St George, Westpac (all one bank, seperately branded) Bank West, CBA similar, so there might be about 9 seperate competitive forces. Bendigo, ME Bank etc.

    In the 60’s Consumer Credit coys like AGC, Custom Credit, ASL all offered micro loans as well as many more, and in the late 70’s Consortium “merchant” banks formed to fill the void that was created by the vision and legislation of the major banks of that time. Wales, CBC, CBA, CSB etc.

    In time the banks absorbed the finance companies because of the profitability of Custom Credit and AGC, and the consortium banks became single entity “merchant banks”, WBC took out the partners in PPL, and BOT opened a rep office and so on. The building societies and other host of perfect competition have not even raised a mention.

    Shylocking is often considered the world’s second oldest profession. In fact so many of the major banks can trace their roots back to shylocking. See Mitsui (Saitama) perfect example.
    Some banks offer very tiny overdraft facilities on the the back of savings accounts. However, that compromises their dishonour fees.

    I would advocate one more time turn up the volume on this debate. Why do we only get what the spin doctors want us to discuss.

    I personally consider Cash Converters to be nothing but fronts for house breaking. I absolutely refuse to have anything to do with them.

  4. September 12, 2011 at 11:59 am

    Many years ago when I still had some belief in society – I was approached by a Cash Converter Franschise owner and Peter Senior – Professional Golfer and owner of Cash Converters at the time – to open up a new Franchise store – the process of finding out what the Pawn Broking business was all about made me physically sick during the discovery phase – this related to finding out what they actually did to make their business model work –

    So it is with some past exposure and biased feelings to the Pawn Broking Indursty that I respond here and to Herman’s and Ghost of Yoda’s comments.

    The Pawn Broking Industry may fill a void and walk close to the edge of the darker and seedier side of life – but the truth is they do fill a void – ‘pay-day’ lenders have been around forever – my conscious in all sencerity would not allow me to work in a position or a busines where I knowingly was taking advantage of other people’s day to day type misery.

    I know it’s a subjeve qualification – and many people rely on the pay-day lenders and the hock-shops as a means of survival – but when people down on their luck and in need of raising ready cash to pay for medicines and other essential needs – profiting in that scenario seems to be the devils work.

    I want to post two internet articles I discovered some time ago when I went looking for somebody I knew 25 years ago – I discovered they worked in the Pawn Broking Industry …

    June 23, 2005

    QCOSS seminar investigates 1300% interest rates
    MEDIA RELEASE – Thursday June 23, 2005

    Interest rates, fees and charges that are the equivalent of 235% to 1300% per annum will be discussed at a Queensland Council of Social Service seminar next Monday June 27.

    The Opportunity Knocks seminar will discuss calling for a cap on interest rates and charges offered by payday lenders. Offering alternative systems to help prevent people being forced into unmanageable repayments and interest rates will also be looked at.

    Dr Race Mathews, former federal MP and adjunct professor in Business and Law at Deakin University, will contribute to a hypothetical focusing on payday lenders, legislation, regulation and community microfinance schemes. Dr Mathews, former Parliamentary Secretary and advisor to Gough Whitlam, played a key role in establishing credit unions, cooperatives and building societies in Australia as an alternative to banks.

    Community, payday lender and other industry representatives at Opportunity Knocks include:

    Gerard Brown, ANZ Group General Manager, Corporate Affairs & Investor Relations
    Dr Ingrid Burkitt, from Oxfam & Uni Qld Senior Lecturer in Community Development
    David Ford, Acting Queensland Commissioner for Fair Trading
    Jill Lang, Director, Qld Council of Social Service
    Catherine Uhr, Legal Aid Queensland
    David Poole, President, Qld Pawnbrokers Association
    Prof Berna Collier, Commissioner, Aus Security & Investment Commission
    Randal Dennings, Adjunct Professor in Law Uni Queensland & Partner in Clayton Utz
    Nicola Howell, Director, Centre for Credit & Consumer Law, Griffith University
    Patricia Perrin, Centrelink Centrepay

    Opportunity Knocks will also focus on legislation and regulation that may be needed to protect borrowers and lenders. Under the Consumer Credit Code individual states and territories can put in place their own guidelines to cap interest rates. Unlike Victoria Queensland currently has no legislation or regulations in place to cap interest rates, fees and charges.

    Monday June 27, 2005, 8.30am to 5.00pm

    For over 50 years the Queensland Council of Social Service has strived to promote social justice through working to eliminate inequity and disadvantage.

    For more information and interviews contact Mark Jeffery 0419 732 583 or Jill Lang 0412 164 251

    ‘Outlaw bikies snatching loan trade’
    Ellen Lutton | December 22, 2008

    NEW laws to control high-interest-loan businesses in Queensland have driven the industry underground, with outlaw motorcycle gangs now running exorbitant “payday lending” practices, an industry insider has alleged.

    Pawnbrokers Industry Federation former president David Poole, who owns Ashgrove Cash Exchange in north-west Brisbane, said the State Government’s 48 per cent interest rate cap on consumer credit loans had put more than 200 loan centres out of business in the past six months.

    As a result, the industry had been driven into the hands of bikies.

    Queensland Police have refused to comment on the claim, citing operational sensitivities.

    However, it is understood the state’s Outlaw Motor Cycle Gang (OMCG) Taskforce, codenamed Hydra, is investigating.

    Mr Poole said the shift was a further blow for the industry, which had suffered badly from negative publicity.

    “There’s now a criminal element to our industry that was not here before,” he said.

    “Most pawnbrokers are honest, family-run businesses but almost immediately after the interest-rate cap was introduced, the bikies took over that type of lending and it’s gone underground.”

    Since July 31, a maximum cap of 48 per cent a year has applied to consumer credit contracts in Queensland.

    The cap includes fees and charges on the loan.

    The laws were designed to protect vulnerable consumers who had been subject to rates up to 1600 per cent from some payday lenders.

    Mr Poole said the cap had impacted heavily on lenders’ profits and the fallout from the closure of many businesses was “huge”.

    “We’re talking over 200 mostly family-run business forced to call in on all their loans, each business with hundreds of loans,” he said.

    “Can you imagine how devastating that is for the poor clients being called in, having to come up with the money all of a sudden?”

    Mr Poole said the Government had “thrown the baby out with the bathwater” when it introduced the cap.

    Projecting rates over a year was both unfair and unrealistic, he said.

    “Our borrowers are people who have a short-term shortfall, who are caught out with one particular bill or an unforeseen circumstance,” he said.

    “They don’t borrow for a year, they borrow for a month, and so to project our rates over one year rather than one month was grossly unfair.

    “Nowadays most lenders cannot afford to lend because it actually costs us to loan at those rates.”

    This ‘pay-day’ lending and the annualised return the lender receives is a headline grabber- If there was a standardised fee to cover the Administration costs and a fixed sliding scale of cost for the amount lent – the percentage returned would be about the same.

    For example – someone wants $500 – they put up collateral – the weekly/f’nighty/monthly whatever the term rate is set at a flat 10% – that equates to $50 and if annualised some 120%.

    On a flat rate scale – the Lender has Admin requirements that have to be met for each loan – entering/logging the collateral – fill out forms both for Business and Government returns etc … – carry the risk of default and the provision for time and effort to sell collateral if needed – cover the cost of own borrowings to fund the loan – hell I think $50 is too cheap for all that Admin work and risk …

    Now if it was $5000 then the 10% ($500) becomes worthwhile – and if the loan was for a month – the annualised rate of return becomes 120% – sounds high if the loan is rolled over each month for a year – then the annualised rate of return becomes a reality.

    This is a nitch business and rides the knife edge of ‘loan sharking’ – and as the above articles state – this business will go further underground if the regulatory responses make it all too difficult.

  5. Ghost of yoda
    September 12, 2011 at 2:36 pm

    The below mentioned quote has been resurrected by “eye ball” and is a result of the then President of the Pawnbrokers Federation speaking out against the cap.
    That particular person was killed in a Bikie led attack that led to a qualification of the cap and an understanding of the points he was making.
    How many other small business people that speak up for their rights have to die before people take notice that something is “rotten in Denmark”.
    I notice the general tone of the responders is that being a “pawnbroker” is not an ideal profession for many people in society. Do we want family led small business running them or criminals that assasinated a small business leader.
    I nominated a pawnbroker to prove a point and that point is that the topic of respecting professions ect is driven not by the fact but by the rhetoric.

    Shame on you people that critised the Pawnbroker when he was the only one to speak for the justifiable rights of his business/profession.

    This is his quote to the press at the time.!!!!!

    “Most pawnbrokers are honest, family-run businesses but almost immediately after the interest-rate cap was introduced, the bikies took over that type of lending and it’s gone underground.”

    Since July 31, a maximum cap of 48 per cent a year has applied to consumer credit contracts in Queensland.

    The cap includes fees and charges on the loan.

    The laws were designed to protect vulnerable consumers who had been subject to rates up to 1600 per cent from some payday lenders.

    Mr Poole said the cap had impacted heavily on lenders’ profits and the fallout from the closure of many businesses was “huge”.

    “We’re talking over 200 mostly family-run business forced to call in on all their loans, each business with hundreds of loans,” he said.

    “Can you imagine how devastating that is for the poor clients being called in, having to come up with the money all of a sudden?”

    Mr Poole said the Government had “thrown the baby out with the bathwater” when it introduced the cap.

    Projecting rates over a year was both unfair and unrealistic, he said.

    “Our borrowers are people who have a short-term shortfall, who are caught out with one particular bill or an unforeseen circumstance,” he said.

    “They don’t borrow for a year, they borrow for a month, and so to project our rates over one year rather than one month was grossly unfair.

    “Nowadays most lenders cannot afford to lend because it actually costs us to loan at those rates

  6. Firecracker
    September 12, 2011 at 3:05 pm

    The FICTION contained in this BIKIE HIT story on a Pawn Broker matches the story about Julia Gillard having nothing to do with the Kevin Rudd assassination …

    Any family small business owner does what they have to do to try and survive – not all of it is on the legal side – i.e. tax minimisation – invoice doctoring – super contributions delays – whatever – the point being Pawnbroking should not necessarly be singled out as the only doggy business taking advantage of those who can’t help themselves …

    If you ask me – the bikie murder story is fanciful and perhaps an insight into how imaginative wants sometimes gets in our heads to the point of having us half believe that it is all true …

    Confucious says –

    Be not ashamed of mistakes and thus make them crimes…

    another,

    When we see men of a contrary character, we should turn inwards and examine ourselves. …

    A very wise man …

    Firecracker …

  7. Ghost of yoda
    September 12, 2011 at 5:13 pm

    Firecracker, i suggest you finish reading the press article where the pawnbrokers murder is recorded. I am sure his family would not appreciate your fabrication.
    I think anyone that uses the nickname of “firecracker” and quotes Confucious has been around too many loud noises and should be quoted as saying “he who has bang bang too many times” loses ability to judge true stories”.

  8. September 12, 2011 at 5:49 pm

    Seems the Ghost of Yoda is attempting to resserect a past glory … at least in his own ghostly existence …

    Reality in Confucious and his sayings have lasted generations – they are used in many situations – and in the context of a plot that includes an outspoken upstart, a spokesperson with an ego problen, a bikie gang with their own identity crisis and a murder to solve the disagreement – even Agatha Christie could not connect a readable story with those characters and the fictional make believe in a ghostly synopsis …

    Ghost of Yoda you are a bug on a windshield – until you can become a moralistic windshield – please stay the bug …

  9. Ghost of Yoda
    September 12, 2011 at 5:49 pm

    I have looked at the comments on the profession debate with a deal of interest and I note that Herman made a disparaging remark about Cash Converters being a front for House Breaking.

    I reflected again on this as I accept that the unwashed opinion is that the industry is dodgy (not doggy! guru) and the average perception of a pawnbroker comes from the Movie of the same name. ie guy in white singlet, cigarette hanging from the corner of his mouth and a rudimentary knowlege of all the local criminals and how he can react with them too make more money dishonestly.
    I understand this view exists! and the perception is widely held in a rhetorical sense.
    BUT is it true…..does anyone know?……yes I do and its not true!…at this stage let me say i have nothhing to do with Cash Converters….but I know their business well. Much better than anyone that has contributed to this blog to date. I actually sat down with Qld Police Property Crime Section and helped write Audit procedures for them when policing pawnbrokers and second hand dealers, likewise I contributed to various computer programmes in administering same.

    Now the point i make is that we accept a lot of views on this blog from people such as Herman and we respect them coming from a base of knowledge, these view on the social side of politics, anti banking, anti poker machine and have a common thread.
    i know Herman to be a person of integrity and great intelligence BUT where is his credability in a situation where this writer knows he doesn’t know what he is talking about.

    The wisdom out of this process is that we all become too opiniated whereas sometimes we have to stop and listen to someone who does know as against someone who has formed an opinion against a stereotype and is not prepared to change.

    Think about this with the views of a lot of opinions coming forward and ask the question, BUT do we really know!!!!! …………..I suspect we are all guilty of this and not just Herman and it gives us food for thought on many racial, cultural, political and religious “stages”….where we have already formed stereotypes that we find very difficult to change…notwithstanding we do not appreciate all the facts.

    Lets take a breath and ask are we always being honest with ourselves?

  10. Budda-Balls
    September 12, 2011 at 6:01 pm

    A well structured response Ghost of Yoda –

    Let me ask – Did you like Obama when he was first elected – did you think he was the right man for the job … what is your opinion now – is that representative of a ‘change of opinion’ as opposed to stereotyping …

    Perhaps the movie portrayal of pawn brokers as dealing in stolen goods does cloud the opinion of many – and perhaps the context of the sewerage worker having to deal in shit all day brings a reality to the Pawn Broker having to deal with the ‘crap’ that other people would not be seen touching …

    Each to their own …

    Budda Balls

  11. Ghost of Yoda
    September 12, 2011 at 6:45 pm

    Obama is an interesting case.
    I personally liked him and nothing has changed in that respect.
    I believe he has been a victom and has had an impossible task to achieve.
    Contrarily I liked George W Bush when first elected, it took me a shorter time than Obama has been President to realise he was an absolute “dill”.

    I honestly believe that Obama has been sabotaged by the extreme right of American politics, who have not got over they have Black President.
    The US economy is now all about confidence and this confidence has been so undermined it is destroying the United States. This is the real tragedy as alIthough there were a number of issues that were endemic in the US system, what has happened now is totally unfair to Obama.

  12. League Leg End
    September 12, 2011 at 8:32 pm

    I want to nominate bloggers as a respectable profession. In their own minds they are never wrong, above the average in so many respects, wisdom, a depth of knowledge on anything and everything etc Beside this element of larger than life, they have this element of generosity. Just needing to share.

    To all bloggers!

  13. HissyFit
    September 12, 2011 at 8:39 pm

    Ra Ra …

    Agree completely – lets all do a Harka to celebrate …

    Then of course there is the time honoured profession of ‘hookers’ – bet there are plenty of good-will gestures involved there – It takes a special person to to do this type of work – can you imagine all the crap and bullship they have to lie there and listen to … no I think they rank very high on the respected profession list – well above pawn broking …

    And by the way – where do you think a politician goes when he’s feeling un-loved and had a bad day …

    HissyFit …

  1. No trackbacks yet.
Comments are closed.
%d bloggers like this: