Surviving Capitalism (Not) : In U.S. Monetary Policy, a Boon to Banks

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Thursday, July 7, 2011

In U.S. Monetary Policy, a Boon to Banks

Click here to access article by Jesse Eisinger from Pro Publica.

What we actually have is a capitalist banking system, backed by a socialist system, that benefits a limited number of people, that the rest of the taxpayers support.

Eisinger explains the truth of this comment that was posted by John Lucas following the article.

Banking is the biggest scam of all scams, and it has been a key industry for the most powerful capitalists since the beginning of capitalism. One of the first acts of the American capitalists such as Hamilton and financier Morris and with Washington's approval (these people are often referred to reverently as "our Founding Fathers") following the US War of Independence from Britain was to establish a central bank.

We have all been brainwashed into thinking that the founding of our nation was to establish "democracy" here in North America. The American Revolution was sold to the public as such, but they soon learned what the War of Independence was really about--to give freedom to plunder the continent to the local capitalists in North America free from any restrictions of the British Crown.

Once this was achieved, local capitalists and rich investors from all over Europe joined in the plunder. Working people (mostly farmers) fought back in such insurrections as Shay's Rebellion and the Whiskey Rebellion, but they were soon crushed through the use of force. (If your ~~education~~ indoctrination was like mine, you learned very little about these events. To learn more of the reality, I suggest you read Unruly Americans by Woody Holton and The Whiskey Rebellion by William Hogeland.)