The Anti-Christ? an interesting word…..people have being seeing this boogey man since the term was first used….people, places and things have been accused of being this problem….so I thought I would join in the fun…..
If you listen to the news or read a newspaper or site, then you are well aware of what is being said about the banks….stuff like……and we can throw the Fed in there also…….
- It concentrated the nation’s financial strength in a single institution.
- It exposed the government to control by foreign interests.
- It served mainly to make the rich richer.
- It exercised too much control over members of Congress.
- It favored northeastern states over southern and western states.
- Banks are controlled by a few select families.
- Banks have a long history of instigating wars between nations, forcing them to borrow funding to pay for them.
You have heard all the accusations…..and the way they are behaving they seem to be true….but look at the list again….see anything unusual?
No? Those accusations are not something made up a couple of weeks or months ago….but rather back in the 1830’s or so….those were the arguments that Andrew Jackson made as a justification to why he vetoed the charter of the national bank……
Interesting, huh?
Seems that after about a 170 years not much has changed when it comes to banks…they were screwing the American people then and they are screwing us NOW!
Of course they are NOT the anti-Christ….but if one looks for a villain in the current economic crisis…..the look no further than the big banks….and what they have gained from taxpayers money……
When will we ever learn?
Coming Soon: A Global Central Bank
Based on the international monetary fund, the creation of a global central bank will be announced soon. It will be owned by the Central Banks of the various individual countries.
It’s the weekend again here in the west so the European and American banks will be the last to come on board as the drive for financial stability is led by Asian Banks who are fed up with being jerked around by EuroAmerican internecine warfare.
The impetus for this new banking entity is the same as was the impetus for the creation of central banks to begin with. As each nation issued it’s own currency and each bank within each nation created it’s own currency, before long the marketplace for money and credit was so unstable that it was impossible for business to continue. Financial and fiscal stability are essential for business to operate efficiently and are also essential for any marketplace to function free from theft, fraud and other coercive actions.
If governments were able to control themselves excercising, moderation and restraint in monetary affairs, then it might be possible for governments to continue to issue currency and regulate it’s value, but long and deadly experience has helped us learn over the ages that politicians and the governments they create are seldom if ever given to self restraint.
Well watch the news, the announcements will be forth coming a little bit at a time, but now you can see the future biding it’s time in the actions of today.
article: associatedcontent.com
Could we call the World Bank and global bank?
Well, YOU posed the question that indicates the answer – banks are banks and no better and little worse than any sensible person would expect them to be.
People: get this: banks are corporations and THEY are NOT there for YOUR benefit – they never WERE, they never WILL be and they are not even SUPPOSED to be! Start living in reality and looking out for your OWN safety and you might just survive and even prosper!
Banks MUST be restricted and you should NEVER give them one cent you are not sure you will get back with interest. With the money that governments worldwide have pumped into the banks (OUR money) we could have quickly and easily set up a temporary and effective alternative banking system to protect and serve people and business and let the dickheads go to the wall – they were NOT too big to fail and they should have been allowed to do so!
I thought governments were supposed to know that you should NOT do deals with blackmailers and terrorists…
Most politicians fit that description……
We agree on the too big too fail thing……..they were controlled a bit better before Clinton and then he and his group set the stage for the recent collapse….
I’m not sure I agree about Clinton since I think he did what was necessary at the time. IMO, although I don’t generally agree with government run anything, I DO most strongly believe in a “National Bank” type of operation that would take a more people driven approach to lending to both individuals and businesses. Such an enterprise (even if run almost autonomously, but according to strict guidlines and controls), would provide a major competitior with the country’s best interests at its heart and remove much of the risk from banksters when they get it wrong.
As you know, I don’t believe bureaucratic controls really work, but competition AWAYS does – which is why they squeal so loudly every time it’s mentioned!
The repeal of Glass-Steagall made it possible for these banks to act in a non-responsible way…gave way to the derivatives that were the main culprit in the crash…..
Sorry, don’t agree. Legislation is NO match for these guys – it simply doesn’t work. That’s not least because all these things are now global, which is WAY beyond the jurisdiction (and more and more beyond the influence) of the United States.
But it work fairly well before with Glass-Steagall……..I will agree with you with the new FinReg….it is nothing but a fart in the wind….
Just because Glass-Steagall appeared to work to some extent, it doesn’t mean that it could continue. If you have an economy that is almost totally dependent on investment income, produces almost nothing tangible that the world wants (at the price you can produce it) and your country is also the biggest borrower on the planet, then you don’t have the freedoms, flexibility and control you imagine.
Sorry, that’s what I think… 🙁
But it work well for over 50 years…..and then as soon as it was repealed……. blame!
Not being American, I don’t know the histoy, but you (the US) have to go with the flow or be an outcast – I wonder if that was not involved…
Probably…..and in the next 5 yrs of so….this will be happening again….may not be as deep but ……
I think you may well be right – sadly 🙁