“But like it or not, financial services companies power the U.S. economy, “
What a crock of bank-purchased BS.
Financials leech off the economy so they can collect bogus interest on counterfeit paper. They don’t contribute a single real product, they are parasites on productivity. An economy functions better without complex financials, that has been proven and re-proven countless times over the course of history. The Industrial Revolution happened because financial parasites, like central banks, were driven into the sea.
We hold all the money in this country. Banks don’t have squat as Citi’s collapse illustrates. Why do you think they have to buy congress to transfer our money to them as the end game after they undermined the world economy? Let the lying fraudulent mortgaging banks fail and let people keep their homes free and clear. Problem solved, all the wealth stays at home where it belongs. Don’t pay the corrupt crew of financial pirates one thin dime.
Banking can be legitimate, but not with our current set up.
Banking IS legitimate when banks must shoulder their own speculative risks - meaning, there can be no central bank. Central banks are expressly unconstitutional for good reason.
Banking is NOT legitimate when tax payers shoulder risk for the banks’ wild speculation with deposits - meaning, when there is a central bank.
Solution?
Simple.
Drive central banks into the sea once more, Andrew Jackson style. Peirce their corporate veil and deem all debt “owed” them fraudulent. Absolve the portion of the national debt attributable to their huge train of crime and require punitive reparations in the amount of 300% damages, roughly $18T, payable directly to the people of the US with no middleman financing. If it takes them centuries to pay, so be it.
Temporarily honor their bogus paper debt (FRNs) until it is all replaced by attrition in accordance with the US Constitution, that is, with Congressional (people) issued credits, not private bank bills.
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Possibly Related Posts:
- WW I was created by the bankers as was WW II.
- Because of our debt, we could end up left out of the recovery.
- US Financial Stocks Drop After Oppenheimer Comment On Capital Need
- Money velocity is also a part of the picture.
- Savings is not a “problem,” but a solution.
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