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How the Bankers Stole Christmas
I hate bankers and so should you. Why? Because bankers steal a little bit of Christmas cheer
every year. For the past several
years, bankers have stolen a lot of Christmas
cheer. Like the Grinch from Dr. Seuss’s famous children’s tale, How the Grinch
Stole Christmas, bankers have hearts two sizes too small, and by means of
burglary, they do their best to deprive everyone of Christmas every year. Only
unlike the Grinch, despite stealing from people every year, bankers never learn
and never reform, they never return to the people the vast amounts of money
they stole from them, and they are cold-hearted and arrogant enough to claim
that they are doing “God’s work” (as stated by Goldman Sachs Chairman and CEO
Lloyd Blankfein, when in reality, they do much more harm to society as a whole
than good. And this makes the majority of bankers worse than the even the
loathed Grinch himself.
Since the institution of banking was founded, bankers have
been guilty of deceit, fraud and theft. During Biblical times, “Jesus went into
the temple, and began to cast out them that sold and bought in the temple, and
overthrew the tables of the moneychangers [bankers]..And he taught, saying unto
them, Is it not written, my house shall be called of all nations the house of
prayer? But ye have made it a den of thieves.” (Mark 11:15-17)
Fast forward almost a couple thousand years later, and
bankers were still committing the same theft. In fact, over a period of
eighteen hundred years, bankers learned nothing from being cast out by Jesus
from the temples, and they continued to commit such questionable acts of
morality that even a man of very questionable character himself showed nothing
but contempt for them. Though historians noted that former US President Jackson
committed numerous hateful acts against Choctaw, Chikasaw, and Cherokee
American Indians, Jackson despised bankers so much, that in front of a
delegation of bankers, he stated the following:
“Gentlemen, I have had men watching you for a long time, and
I am convinced that you have used the funds of the bank to speculate in the
breadstuffs of the country. When you won, you divided the profits amongst you,
and when you lost, you charged it to the bank. You tell me that if I take the
deposits from the bank and annul its charter, I shall ruin ten thousand
families. That may be true, gentlemen, but that is your sin! Should I let you
go on, you will ruin fifty thousand families, and that would be my sin! You are
a den of vipers and thieves. I intend to rout you out, and by the eternal God,
I will rout you out.”
Fast forward another one hundred and eighty years, and we
discover that bankers have failed to evolve even a tiny iota from their
deceitful nature. When ex-CEO and former US Secretary Henry Paulson lied to the
American people and to US Congress by asking for more than $800 billion of
funds for the purposes of helping American home owners and then committed the
ultimate bait-and-switch fraud by handing this money to his banking friends, he
epitomized the very warning Andrew Jackson levied against bankers in the
1800’s: “When you won, you divided the profits amongst you, and when you lost,
you charged it to the bank.” In this case, Paulson acted beyond the normal
level of immorality of bankers, and charged the banks’ losses to every single
American citizen. Unlike the
Grinch, who repented from the error of his ways over a period of a few days,
bankers have refused to repent for the unsound monetary system they have
created for more than two thousand years!
To understand why Jesus threw bankers out of the temple, why
a former governor of the Bank of England stated that banking “was born in sin”,
and why Andrew Jackson, a focus of much hatred and contempt among American
Indians, viewed bankers as so immoral, that despite his own immense character
flaws, he made it his own personal crusade to throw out all bankers from US
government, one must understand how bankers continually rob all citizens of
their wealth every day. To state that bankers lie, deceive, rob and steal from
all citizens every day is not an exaggeration. The means by which they do so
today has drastically changed from the means they employed centuries ago, so
this is why so few people understand that bankers continually rob them. Most people don’t understand that
bankers ensure the continual devaluation of the purchasing power of all money
in the system by not only literally creating money out of nothing but also by
creating money as debt.
This process, to which they cleverly assign the word
“inflation” is in reality a tax that constitutes a direct theft of your
savings, and no different than the tax British monarch King George imposed upon
the American colonists that triggered the American Revolution. The bankers have
only changed the mechanism by which they collect this tax, and the word that
they use to describe this mechanism. In America, this hidden tax of inflation,
which is a euphemism for the devaluation of the currency that sits in your
savings account, is directly responsible for the following situation that Eric
Schlosser described in his national bestseller, Fast Food Nation:
“It used to be, even in low income families, that the father
worked and the mother stayed home to raise the children. Now it seems that no
one’s home and that both parents work just to make ends meet, often holding
down two or three jobs. Parents increasingly turn to the school for help,
asking teachers to supply discipline and direction.”
The above paragraph described the family life of many
families that lived in Middle America almost a decade ago. Due to an unsound
monetary system that has led to relentless devaluation of the US dollar, the
situation described above will explode in intensity and magnitude over the next
five years, and affect everyone in America, no matter your income level and
socio-economic status. As the US dollar continues to lose purchasing power,
despite a current possible extended rally against the pound and Euro,
middle-class America will sink into the ranks of the poor. If the world operated on a sound monetary system, even in low-income families, the mother could still stay home to raise the children. Today, even in middle-class families, thanks to bankers, the mother does not have the option to stay home and raise the children. When the situation
of both parents working two or three jobs and their kids attending high school
while working 20+ hours a week is still not enough to make ends meet, crime
will explode in America during the next five years. It is the critical problems
of these very families that the bankers are creating through their monetary
policies that will come home to roost in America.
In reality, I don’t hold hatred in my heart for anyone.
Christmas is a time for forgiveness and none among us are infallible and none
among us are without sin. Yet, to be forgiven, those that continually do wrong
must repent, and bankers have yet to do anything that demonstrates that they
have even the slightest amount of regret and remorse for the economic upheaval
and chaos that they have created throughout the world in recent years. The
rich, though they may not care to understand the tale of How the Bankers Stole
Christmas now, should make it their prerogative to understand this as soon as
possible. Why? The current course the bankers have set us on has ensured that
the rich will soon become victims of desperate masses of people in their
country that will see a huge degradation in their quality of life due to the
recent monetary policies bankers have elected to impose upon their
citizens. When large portions of
the middle class are destroyed, masses of people that never considered stealing
before, will steal and loot due to the simple instinct of survival, and a great
battle between “the haves” and the “have nots” will ensue in future years in
many developed countries, as crazy as this concept sounds today. Should the
people choose to understand "How the Bankers Stole Christmas", the
inevitable massive increase in crime that will accompany the sinking of the
middle class into poverty can be avoided.
If instead, everyone chooses to buy into the propaganda of
the bankers, then this same scenario, as crazy as it sounds today, will come
true in the future just as the “crazy” stock market crashes I predicted in 2006
eventually materialized in 2008.
And the biggest culprit of this shameful scenario, should it
materialize, will embarrassingly be our own refusal to see the truth about how
bankers have commandeered today’s “modern” monetary system for their own
benefit, and their own benefit only, to the detriment of every single citizen
they claim to be helping. If one doubts the enormous reach of banker’s
tentacles into governments, then perhaps now is a good time to review former
IMF Chief Economist’s Simon Johnson’s brilliant article, “The Quiet Coup”.
»
All of your here are guilty of "Thought Crimes." Learn to love the "party." 2+2=5 May rats eat your face!
This thread and many of the commenters are misguided and preaching imaccurate information....seems as though a lot of fear mongering goes on in this blog
Bat-out-of-hell,
You'll have to forgive us for a few bad apples, but I don't think you can condemn the whole lot of us because banking has metasticized into the vampire squid that it's become.
Rather, you should be thanking us-
At least 180 Jews and persons of half- or three-quarters-Jewish ancestry have been awarded the Nobel Prize, accounting for 22% of all individual recipients worldwide between 1901 and 2009, and constituting 36% of all US recipients during the same period. In the research fields of Chemistry, Economics, Physics, and Physiology/Medicine, the corresponding world and US percentages are 27% and 39%, respectively. Among women laureates in the four research fields, the respective Jewish percentages (world and US) are 38% and 50%.3 Not bad for a population that makes up approximately 0.25% of the world's population and 2% of the US population.
Re: "At least 180 Jews and persons of half- or three-quarters-Jewish ancestry have been awarded the Nobel Prize":
And how many of them really deserved the Nobel Prize? May I remind you, for example, of Henry Kissinger, whom I would call a war criminal, but has been awarded with the Nobel Peace Price.
Re: "In the research fields of Chemistry, Economics, Physics, and Physiology/Medicine, the corresponding world and US percentages are 27% and 39%, respectively. ... Not bad for a population that makes up approximately 0.25% of the world's population and 2% of the US population.":
Not to mention the well beloved caste of LAWYERS. It's almost impossible to get accurate actual numbers for the US - so I'd better not take a wild guess. But looking back to Germany in 1933 once more shows us this: 56% of all lawyers have been Jewish.
I assume the numbers are pretty similar in the US today.
Haven't you never asked yourself why your people seem to avoid honest, hard working jobs? And prefer jobs as bankers or lawyers?
And why other people hate your people for that?
"Jews make up only 2 percent of the U.S. population" (as you correctly said) ... but almost half of the top 40 of the Forbes Rich List Americans.
Those bastards! Don't you just hate people who are successful because they are smart, they work hard, they study hard, and do everything one needs to do to succeed. Just makes the rest of us lazy ignorant goofballs feel so inadequate! At least it's okay to blame them for our failures.
Here is some information (court case in 1968) that some
may find useful today. Links follow:
http://www.constitutionalconcepts.org/creditriver.htm
http://usa-the-republic.com/banks/bank_1.html
http://www.restoretherepublic.org/?p=58
Note what happened to the Judge sitting on this case.
If one needs more proof, do a Google Search on "Credit River Decision"
and you'll get about 823,000 hits. That should suffice.
...and for your reading pleasure, "Secrets of the Federal Reserve"
by Eustace Mullins and "The Creature from Jekyll Island" by
G. Edward Griffin.....enjoy.
I still remember my grandfather saying “I wouldn’t do it again .. I fought for the wrong reasons” (he was amongst the first to land on Juno Beach). And “Maybe the Germans were right ..?”.
I often thought maybe he is just a crazy old men. Until recently. I mean, just look at the facts:
Founders of Goldman Sachs: Marcus Goldman, Jewish. Samuel Sachs, Jewish. His best friend, Philip Lehman (founder of Lehman Brothers), Jewish. Lloyd Blankfein, current CEO of Goldman Sachs, Jewish. Ben Bernanke, Chairman of the FED, Jewish. His deputy, Donald Kohn, Jewish. Bernard Madoff, the man behind the largest investment fraud in Wall Street history, Jewish. And the list goes on and on ..
You may call me a racist or an anti-Semite now – but I just don’t get why so many people are blind, or brainwashed, or both, to see the obvious.
People get to pick their opinions, but they do not get to pick the facts. Yes, a great number of bankers are indeed Jewish, as is that obnoxious tool, Jim Cramer. In case you are wondering, Geithner is not jewish, but he is a tax evading Episcopalian.
The foundation of an economy is its monetary system. When an economic house is built upon a flawed foundation, all that is built is at risk. The ever higher layers will eventually crumble when the foundation gives way to the stress loads of the building above.
A nation's wealth is not built upon consumption, wealth is built upon the deferment of consumption, also known as savings. When the expansion of the money supply degrades this critical foundational support, the foundation is weakened.
In the recent decades, the knowledge of these simple truths has been lost to the People. By merchants, financiers and politicians have been promising a "happier life" today to be repaid tommow, and a free lunch to be funded by the citizen of the future.
An economic alarm is sounding, but too many are hitting the snooze button, wishing to return to the dream world of the merchant marketers, fraudulent financiers and pandering politicians.
A_MacLaren (away from home)
A lot of nonsense in this article. From 1800 to 1900, the price level in America dropped by half. If bankers create inflation deliberately, how does this happen?
All bankers are not thieves. I use one of Canada's large banks, and I believe I get a good deal from them. I manage all my accounts and pension fund through the internet, and because they're nationwide, I can access my money all across the country without paying ridiculous fees to use ATM's. If I keep $1,000 in my chequing account, they don't even charge a monthly fee. They're more conservative than many US banks, apparently, but that's why Canada's banks emerged from the mortgage crisis relatively unscathed.
And if you want to blame inflation on anybody, it should be the Fed. Since it was created, the purchasing power of the dollar has fallen by 93%., and that's with the "official" inflation statistics, which use hedonistic adjustments to keep the reported figures artificially low.
Are some bankers thieves? Absolutely, and not just Goldman Sachs. But with so many small banks, there's bound to be some incompetent bank managers. What's the old saying - "Never ascribe to conspiracy what can be explained by stupidity".
You have missed the point entirely. It's the underlying mechanism, fractional reserve banking, that is the back door through which the banks steal your productivity.
No matter how conservative your banks lending standards may be, their ability to create check book money out of thin air will ensure that all wealth will, slowly but surely, become aggregated into their hands.
It serves banks interests to feed the debt junkies and indeed create more as fast they can. The more dependent on credit the people become the more control the banks have over the general economy.
To grant such power to a single industry is absurd and has no choice but to lead to inevitable economic destruction.
Fucking bankers, I hope you read this and rot in hell.
Eat piss this season.
You deserve absolutely everything bad that happens to you.
I'm talking bankers in NY.
While I totally agree with the overall analysis in this post I have some problem with this:
"It used to be, even in low income families, that the father worked and the mother stayed home to raise the children. Now it seems that no one’s home and that both parents work just to make ends meet, often holding down two or three jobs. Parents increasingly turn to the school for help, asking teachers to supply discipline and direction.”
Decades ago a sub 2000 sq/ft home was considered more than adequate for a family of four or more (kides shared rooms), there was only one car in the family, no cell phones, no one computers, no playstation, only one TV set and a typical vacation was a camping trip or driving to visit the grandparents retired in Florida or California.
No designer clothes.
Visiting Disneyland was once in a lifetime event.
If you have a decent job you can still be the sole breadwinner in a household.
Drive a reliable 4 cylinder Toyota, Hyundai or a Kia and drop the SUV, buy your clothes at Target or Kohl's and ditch Banana Republic or Nordstrom.
Instill in your kids the desire to read books rather than frying their brain playing for hours with a PS3 or an XBOX ($70 a pop for the games). Dump the useless gizmos.
Eat at home. Small portions. You do not need 7 boxes of cereals of different flavor at the same time.
You do not have a God given right to go on vacation to Mexico every summer and taking a spring break for the kids every March, change house every 7 years or car every 5.
So yes, central bank created inflation steals purchasing power but let's see things from the right perspective too.
My car mechanic (he is just an employee, he doesn't own the business and he's not the shop manager) supports his faimly with one salary...and yes they own their house outright (they even threw a "end of mortgage" party, like people were doing in the past) they have two kids which are going to college and they drive used cars.....
Good job Satuno_v, it was nice to read a clean comment with a relevant thought. I would like to add just one other luxury we could all do without, cable television and satellite television. If we could all just cancel our subscriptions for one year, the tremendous loses to the the oligarchy machine would be a wake-up call to the bankers. I am talking trillions in lost advertising revenue. Just one year.
Waterdog
You are perfectly right, I forgot that one. No cable TV!!
And let's add no $5 Starbucks latte twice a day (or more) for the family.
Amen. Government trumps any industry in causing strife. An government has explicitly supported both victim mentality and entitlement mentality that encourages folks not to believe they should rely on themselves and personal responsibility and not look to the government to blow their nose for them. Sadly that group makes up 51% of the population and pays about 5% of the total federal income taxes -- so they are in favor of precisely what is going on in Washington DC.
EXACTLY!
kill them all
lmfao
The desire to obtain, "something for nothing," banking being it's highest form of practice, will probably never depart from the human psyche. How pathetic.
I think people should be criticising government more than bankers. To blame bankers is to miss the larger institutional problem. I'm not saying that bankers acted in a credible way - but if the government was sensible (small, limited), such bankers we criticise would not exist as they do today.
I believe governments do far more damage.
Without the partnership via the goverment granted monopoly on currency issue, governments would never be able to grow to the bloated levels we see today.
Using the Bank of England as a model, governments all over the world have granted themselves unlimited funding. As long as these creatures exist there is no hope of limiting the size of government in any country.
Imagine what would have happened if governments were forced to pay for all of their projects through direct taxation. The last century would have been littered with tax revolts in every corner of the earth.
The bankers deserve much criticism because they realized that there were immense profits to be had in funding government debt and politicians deserve much criticism because they took the bait.
Ultimately it's the ignorance of the people that is to blame. We have allowed them to build this ponzi scheme because we were unwilling to educate ourselves on exactly how our "benevolent" governments were able to give us so much "money for nothing".
Either way, the jig is up. It's time for all of us to stand up and tear down these evil institutions. It's easy to kill the beast, we just have to starve it to death.
Bullshit. Nothing but bullshit.
one can't get any more anti-american than working for Wall Street, looting america, going to Israel once a year, rise and repeat.
You are a joke and absolutely blind.
SIR JOSIAH STAMP, (President of the Bank of England in the 1920's, the second richest man in Britain)
"Banking was conceived in iniquity, and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen, they will create enough deposits, to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But if you wish to remain the slaves of Bankers, and pay the cost of your own slavery, let them continue to create deposits."
by MG
Here's a relevent Bible verse for this Christmas Day:
"Now listen, you rich people, weep and wail because of the misery that is coming upon you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. Look! The wages you failed to pay the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty. You have lived on the earth in luxury and self- indulgence. You have fattened yourselves in the day of slaughter.You have condemned and murdered innocent men, who were not opposing you."
Merry Christmas!
Thank you for your article, and thanks as well to Zero Hedge for allowing this Christmas perspective.
The world has had tough Christmas perspectives in the past: the 1914 exchanges of whiskey and cigars as British and German troops emerged from their French trenches to wish each other a merry Christmas. The wartime hope for peace in Kate Smith’s “the wrong shall fail, the right prevail…”
War is part of America’s 2009 Christmas as well. But, as your article details, the threat of worldwide tyranny from a centralized banking network threatens peace and goodwill as never before.
These banker tyrants employ many techniques to dominate and steal from their fellow man. But the destruction of the currency through inflation is the most effective.
The vast majority of Americans have no idea what inflation really is. All the inflation-fighting solutions promoted by the entrenched bureaucrats just make inflation worse—which is what they want; it funnels the nation's assets into their worldwide operations. Like Majority Rule where the majority can vote itself the assets of the 49 percent minority, the hidden inflation tax is just another redistribution-of-the-wealth scheme.
What causes inflation?
“Increased wages and prices do not cause inflation; in fact, they do not even contribute to it. Inflation is caused by only ONE thing: AN INCREASE IN THE MONEY SUPPLY beyond a proportional increase of goods for sale. It is this increase in the money supply which CAUSES wages and prices to increase; wages and price increases, in other words,” says Robert Ringer, “are the RESULT of inflation.”
What the media, the government and the bankers’ Federal Reserve tell us about inflation is not only The Big Lie, it is the exact opposite of the truth. The Fed/Government partnership causes inflation—it is the only cause--by debasing the currency with counterfeit.
Inflation and misallocations are raging unabated under the economy's surface, the economy is on the verge of collapse, and a world dictatorship awaits in the wings—the ultimate milieu for the dictators of central planning.
"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." --Patrick Henry
Why are Americans such mindless sheep? You see what the banking oligarchy is doing to your future and your children's future, and you chose to do nothing about it??
Boiled frogs, all of you!
BOYCOTT all of the big banks and brokerage house theifs!
If our government clearly refuses to protect the taxpayers, we must all take individual actions that will result in the collective STARVATION of the banking beast!
Give your money to unlevered, small community credit unions and banks that have EARNED it. What a concept!
Mark Hanson provides some seriously KICK ASS research on why things are about to get wayyyyy worse--amazing detail.
Thanks Mark!
"Millions more at default than people think"---
http://mhanson.com/blog
I am sorry to say that your inflation argument does not hold. You seem to forget that inflation effects both sides of the balance sheet; and that's a universal law. It certainly won't stop at the front doors of the bankers
So can we all do a bank run now to starve the banksters... cash out all bonds/stocks/treasuries and buy gold and silver?
Some are born to sweet delight, Some are born to endless night.
Fantastic irony with the "Too Big to Fail" plea from the bankers 180 years ago, and President Jackson's reply...guess he did not have a Banker running his Department of the Treasury at the time! The link at end leads to further amplification of the "Financial Industry has captured our government"!
transitive verb 1 : to express approval of : praise
2 : to show approval of especially by clapping the hands
"Without a gold standard in place, there is little to prevent governments indulging in wild credit creation. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process.” Alan Greenspan-1966
------
Great quote, but sometime after 1966 old' "AL" took his eye off the ball eh? I guess The Grinch that stole Christmas told you back in 1966 he was going to steal your gifts. Who knew it would take so many years to loot all those households...
gs_
Someone in recent weeks posted the idea that Greenspan's intent was to set up a collapse of fiat money, to force an eventual return to the gold standard.
Someone's giving Greenie waaaay too much credit.
there won't be a meltdown... that's how it works. we will inexorably resume the frog cooking in the pot... been that way for a long while... since Johnson? the Have a Lifers have replaced the Silent Majority.... they are the majority of voters and they not only don't care they make it a point that they don't care... of those that vote at all they keep voting in the same schmucks. there may be a fast break in the markets.... someday...but the really deadly process is a very slow burn.
"there won't be a meltdown" ? "That's how it works"?
Its not working at all, we have just seen a preview of what the meltdown will look like. The schmucks apparently learned nothing. The markets will eventually reflect true reality, there won't be anything "slow" about that reaction, it will be a stampede.
The difference this time is that the lies and deception are so overwhelmingly obvious and outrageous.
+1. You can't stop the rain or the snow and you can't stop an avalanche. You can hasten the start of the avalanche, but you can't stop it. Contrary to any current good feelings anyone has about our economic future, this avalanche is currently in progress and will complete when it is good and ready, the hubristic comments of Timmay Geithner and rest of the useful idiots, notwithstanding.
"The illusion of freedom [in America] will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater."
--Frank Zappa
You're 100% dead-on right. Depressing.
Yes, but the "have a lifers" and "Silent majority" are not so silent anymore, and most of their current life, and future life (retirement accounts) are gone. They have lost the dream that was within their grasp, and they are not going to be happay about it. Can you imagine only one ipod, and it is only in white??? What kind of a world?!?!?!
The lives we all once knew is gone. There is no more "maxigrowth" in housing, and no way to pay to get to where we once were. The shams are exposed, and we are now retracing the steps and it clearly leads to financial bankers and politicians. They are worse than Al Queada.
We are at a crossroads in our country larger and more evident than ever before and it is not the Health Care mess, it is the search for normalcy and equillibrium after a fall (2008 meltdown) that has not yet finished.
Yes, those guys need bullet proof cars, vests, and lots of bodyguards. However, the people that hate the bankers and such will not flich at a few bodyguards, they will use a larger amount of explosive. It will not be a great growth industry to be a body guard for bankers.
I see a great awakening, just look at the 9/12 group and the "Tea Partiers". The Average American Citizen can see the problem and know where it lives.
I believe the American Citizens will kill the problem, and it will be solved.
after 5 years of watching this stuff and numerous false alarms brought on by letter writers and some radio talk show hosts, i would have to agree. slow burn and the sheeple don't even know it and don't even see it and don't even care about it. such is life in this country. if thomas jefferson would come back to life for a week and go around making speeches and trying to raise the alarm, would anyone in this 21st century amerika, hear him? probably not.
I hope the bankers bought a lot of guns and armored cars for Christmas. They will need them next year if there is a total meltdown.