I’m not an expert on American politics, nor am I an expert in the financial industry.
What I do know, by what I feel in my heart, is that the massive banking institutions around the globe have an iron grip around the throat of America, along with a nimble thieving hand in our pocket.
To hell with Liberalism or Conservatism, call me a non-partisan, I don’t care. I do not care what labels there are, what party you belong to, or even what side of the force you follow. Everyone wants to know what the hell is screwing up America’s economy, let me tell you.
Money and greed.
Suprised? I bet not. The American dream has always boasted freedom for the accumulation of wealth. We are a nation of consumers, managers, and business owners. There is no federal regulation for the distribution of wealth amongst the population, no, something of that magnitude was not what the founding fathers of our Nation would have wanted. We have seen what systems such as that do to a country.
Banks make billions of dollars a year, in fee’s alone. Banks and insurance organizations received the bulk of the federal bail out money. Banks control the distribution of credit amongst the American population. How many of us, have credit cards? How many of us have a credit score? Who, reading this blog entry, has attempted or received a loan?
Money has value based on the value of something else, an example may be gold, or the faith of the United States government. Credit has value based on the value of money. I ask you, how does credit differ from wealth? The banking institutions of the world have created a system where they acquire the wealth, and distribute it through credit. Am I missing something here, because this sure does sound like a problem.
Recently I read a news report that stated Bank of America was starting to charge customers for having good credit. That is right. Sooner than you think, you may be required to pay a yearly fee based on your credit score, regardless of how good it is. So what then is the incentive for having good credit? A lower fee? I don’t want to be charged a fee at all! I see no benefit from the credit system. I only see that it has become a requirement for most people in America. A requirement, to acquire some wealth, and pay more than you borrowed, back. Slowly, the wealth in America will be held by a few hands.
This is wrong. This is bad. Some of us may not really see this scheme for what it is. I understand that the veil is still shrouding many eyes. This is not some conspiracy theory here folks. Stop staring at the meaningless small frames of life within your personal world, look at the big picture, look at the entirety of these systems and how these financial institutions are sucking up the wealth of our nation.
Still don’t believe me?
Since the housing market crashed sometime ago, and our economy slumped into a steaming pile of crap, just how many, and how often do you see “We buy your old gold jewelry!” commercials, or the “Cash for Gold” schemes and advertising which have arisen from the economic blowout?
Did you know that the United States Dollar, is not backed by gold? Many people believe it is. Many people believe there is an unyielding supply of gold in Fort Knox which backs every cent we spend. Nope. It’s backed by the full faith of the United States Government…or possibly, your social security.
Though old F.D.R did do something of great magnitude in the 30′s with his new deal, and something along these lines should be done today.
Force the banking institutions in America to close until legislation can be passed to counter-act their thievery.
We as people need to stop relying on banks. We need to pull our assets from their vaults, dismiss and cut up our credit cards and regain control of the wealth within the United States. It is our responsibility as a people and populace, not the governments responsibility to keep these organizations within our nation in check.
If we don’t DO SOMETHING we will always and forever have to ask and beg for a currency to thrive, instead of earning it from the sweat of our brows and the muscles in our backs as it should be.
I came to your blog from NetTuts but saw this post and decided to comment. The feelings you have expressed are the same that we shared tonight around the dinner table. We are in the midst of a centralization of power and finance that involve the banks and their puppets in all levels in government. The banks perspective? We are here to absorb their risk with our task dollars.
I am reading “End the Fed” by Ron Paul, where he discusses the history of banking the US and how the Federal Reserve has played with markets to cause the numerous bubbles of the 20th century. I’d also recommend “The Creature from Jekyll Island” where most of what is happening today can be describe as mechanisms used by the banks and the Federal Reserve to manipulate the value of the dollar.
When the banks and the government manipulate the dollar and use our our money to back these initiatives it places us and our children and grandchildren in servitude. We are all walking around with 114,000 of debt imposed upon us by the Fed. In 2019 we will have to start to repay the interest of the US debt to the tune of 700 Billion dollars per year.
I agree with you completely when you say we need to pull our assets and starve the institutions that are ruining our future. The trick will be to find assets that will ride out the incredible wave of inflation that will hit us when the banks start to loan again.
I do take solace in the fact there are those of great ingenuity who can turn this around. The fight is on, but I think that there are many who are up to challenge. We just have to marginalize the power of the banks to prevent us from taking the right steps.