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A World Without (Big) Banks, Part I
Originally posted March 28, 2014 - Part II linked at the bottom
In our Wonderland Matrix; we are frequently sold perversion by our corrupt governments, criminal banks, and (of course) the parrots of the Corporate media. Black is white. Down is up. Bad is good.
With respect to the latter perversion; while we have many examples to choose from, there could be no better selection than the obscenity dubbed by the Big Banks themselves as “too big to fail”. Regular readers are already familiar with my condemnation of this fraud, as too-big-to-fail is literally nothing but (very) thinly-veiled blackmail.
However, merely vilifying the criminal insanity of TBTF does not go nearly far enough here. As has been pointed out in the past; from a risk standpoint alone, the assertion of being “too big to fail” is really a confession that these institutions have become too big to exist.
In my previous commentary, all that was necessary was merely to refer to the nature of corporations, and of our capitalist system itself. Corporations are simply disposable parts, only the “system” itself is Too Big To Fail. Yet in our 21st century Wonderland Matrix; we’re told that preserving these “parts” (supposedly) justifies jeopardizing our entire capitalist system – and subjecting us to the economic slavery implicit with continually “bailing out” (or “bailing in”) our Blackmailers.
To truly understand the magnitude of this insanity, however, requires going much further. It requires envisioning a sane world: a world where there are no Big Banks. In such a world, it wouldn’t matter that our regulators are corrupt. It wouldn’t matter that our governments were servile puppets. It wouldn’t matter that the Corporate media spin-doctors do their best to cover-up/minimize financial crime.
The reason why we need honest regulators, independent governments, and a vigilant media (i.e. a real “free press”) in the realm of markets/economics is to CONTROL these mega-bank monstrosities. Previous commentaries have detailed the reason why the abominations known as “monopolies” and “oligopolies” are (supposedly) absolutely prohibited in any capitalist system – in any sector.
In particular, such concentration in size in the financial sector doesn’t suggest we will have problems in our markets, it guarantees it. This wouldbe true, even in a world where the bankers were all honest. While that fantasy is nothing but wishful thinking; we will assume for a moment that the word “banker” is not a synonym for “criminal”.
The point here is that the mere size, alone, of these corporate entities guarantees problems in our markets, and (ultimately) our economies and entire capitalist system. All of the virtues of capitalism are based upon a relatively small set of fundamental principles. One of the most-important of these principles is “free and open markets”.
The concept of an “open market” is easy to grasp. It is simply where anyone/everyone has access to these markets (either directly, or via some agent). While the concept of “free markets” is frequently parroted by the Corporate media, our regulators, governments, and bankers; it is never defined.
This is deliberate, because if the concept of “free markets” was ever properly/explicitly defined; we would immediately realize we do not have free markets – and haven’t had them for many decades. The concept of a free market begs an obvious question: “free” from what?
The answer to that is equally simple: free from influence, domination, or control, by any entity. It is here that most readers will immediately comprehend the reason why we can never allow any financial entity (such as a bank) to achieve too great a mass.
As soon as any of these entities grew too large (even if their intentions were benign); it is inevitable that they would quickly begin to “influence” our markets. Here the appropriate metaphor is simple: the tide coming in; the tide going out.
As these entities target their “investments” (any form of investing is ultimately a form of gambling); their large bets, themselves, become self-fulfilling prophecies. A so-called “bank” piles into a particular niche/sector, and the simple (but massive) inflow of capital alone causes that market to rise.
Conversely, if the bank then cashes-out its bets, and moves on to another sector (or simply chooses to “short” a particular company/sector), it can similarly induce artificial depression in that company/sector. Understand that this is true even in a world where the banks/bankers were all honest. Now let’s return to the real world.
In the real world; obviously these financial institutions understand their own capacity to cause “the tide” to come in or go out, to make their bets self-fulfilling prophecies. If one knew that they could win all their bets simply by placing very large bets, how many of us could resist the urge to cash-in on that power?
This is precisely why we previously had a rigid, detailed regulatory regime, and vigilant regulation, because even as these banks (and other financial institutions) began to grow too large; it was obvious that this was the only way that the sanctity/legitimacy of our markets could be maintained. One of the most-obvious forms of regulation was a simple one: requiring the “gambling” (i.e. pure investing) entities to stay entirely separate from traditional banks.
The principle was simple: you had to choose between being a “bank” or a “casino”. The reason was/is equally simple: to avoid allowing bankers (who know they can influence/dominate markets) from using the massive funds available in bank deposits to back their (large) bets in markets.
Thus there are two equally large, equally obvious “evils” which that law prevented. It stopped the financial institutions with the largest pools of capital from distorting/perverting our markets with ever-larger bets (and thus fraudulently manipulating those markets). Equally, it prevented banks from putting the capital that their depositors had entrusted to them at risk.
In the United States; this regulation was the famous Glass-Steagall Act. It was erased by the (corrupt) Clinton regime. Then the (more corrupt) Bush regime multiplied this insanity (exponentially) by giving us “too big to fail” – as soon as these Mega-Gamblers suffered inevitable, massive losses on their mega-bets.
Now we have our corrupt regulators, servile governments, cheerleading Corporate media, and (of course) criminal bankers telling us that nothing could be more natural than to have banks (ab)using the money of their depositors to place the largest bets in the history of markets, knowing that these (so-called) bets will, in fact, simply manipulate whatever market these Gamblers (criminals) target, in whatever direction they desire.
This is the world as it exists today, a world which should have never been allowed to evolve. In the concluding installment; readers will see what the world should look like – a world where there are no Big Banks.
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The only issue I have with this article is that it implies there may be more than one big bank. Vitali Glattfelder and Battiston (2011) proved this is not the case. The Onebank is the cause of all this rubbish and the sooner it is broken up the better
+1000
How all this came about, on the scale that it has come about, can be found at http://GreatRedDragon.com , which is based on the old 1889 book "The Great Red Dragon: Foreign Money Power In The United States." Yes, the old book uses the word "Jew" instead of "financial sociopath." It was written before books like "The Mask of Sanity" and "Snakes In Suits." Hatred of any religion is just plain stupidity. Even Madoff lied-to and stole-from his own group, and he was Jewish, too. Sociopaths use religion as a cover, so don't let a word stop you from learning from this old book. Techniques change, but the results are the same. These financial sociopaths want "to own the earth in fee-simple." There's no ads, and there's a link to the complete book, as scanned by the University of California. I found the book at the time of the signing of the Maastricht Treaty (1992), but wasn't brave enough to start the website until 2006, after my children became young adults and out on their own. Actually, I shouldn't have even bothered, but felt obligated to pass it on. Perhaps it'll help you, like it did me.
By the way, Dragon is another name for Serpent, which is another name for a big snake, like a python or boa constrictor. "Snakes In Suits" share the same attributes.
I am still at a loss to understand why each state in the Union does not have a state bank; especially here in Colorado what with our pot stares having bank problems. So simple that we know damn well some high up people were either palm's greased or a 9mm shell left on his car seat. Milestones
Pot growers and sellers do not need a bank to finance operation, distribution and sales. Here's why:
http://professorfekete.com/articles/AEFMonEcon101Lecture2.pdf
Productive people and organizations do not need banks.
If you use the criminal's money system, you are complicit in the crime, AND you will be robbed.
http://www.bullionbullscanada.com/intl-commentary/26287-the-one-bank
Like Voting, using an existing fiat currency is like gambling in a rigged casino against an opponent who is the owner of the rigged casino. You will lose.
BYOB = Be Your Own Bank
http://professorfekete.com/moneycredit.asp
"This is the world as it exists today, a world which should have never been allowed to evolve."
Yet another relatively good analysis, which is clearly headed towards promoting the same old-fashioned bullshit "solutions" because there is no more scientific appreciation of how and why IT DID EVOLVE!
Of course, since the established systems are based on triumphantly enforced frauds, there appears to be no practical political point to discussing that, since those systems are already entrenched, and therefore, they will surely continue to automatically get worse, faster ... Hence, my response to any article like the one above may only have theoretical interest to an infinitesimally tiny percentage of the population. But nevertheless, the article above was another classic illustration of presenting relatively good analysis of the problems, which collapses back to grossly superficial ideas regarding any possible "solutions," since such "solutions" never remain consistent with the conclusions of their own analysis. Instead, there is reliance on the word "should." That word conceals and/or elevates a way of thinking based on false fundamental dichotomies, and related impossible ideals, which always actually makes the opposite happen in the real world.
After recognizing that governments are the biggest form of organized crime, controlled by the best organized gangs of criminals, which is CORRECT, then there are proposed bullshit "solutions" which deliberately ignore the results of the previously correct analysis, in order to advance idealized solutions which are never remotely close to being in the same ball park as the magnitude of the problems, throughout every level, and every different time frame.
IF one was consistent with the analysis of the social facts when turning to proposing solutions, then one would not collapse back to bullshit "solutions" based upon what "should" have been, especially since those sorts of impossible ideals have never existed, and could never exist, in the real world. Genuinely better solutions "should" remain consistent with the correct analysis of the problems.
Although I am well aware that the world's political economy is based upon enforced frauds, and that those who were the best at doing that so totally dominate the established systems now that there seems no practical political point in promoting more radical truths about that situation, so that proposed solutions continue to be consistent with empirical results of analyses, and theories which explain those results, I do so anyway:
Human beings operate as entropic pumps of energy. The only things that exist are the dynamic equilibria of different systems of organized lies operating robberies. Those have become more sophisticated and symbolic, as systems of legalized lies, backed by legalized violence, operating enforced frauds, which are the foundation of our political economy.
There is nothing to be gained, but more counterproductive bullshit, by saying that "should have never been." There is nothing to be gained, but more counterproductive bullshit, by proposing "solutions" which continue to collapse back to the same old-fashioned false fundamental dichotomies and impossible ideals that the biggest bullies originally promoted. Anyone who turns from the CORRECT analysis of the social facts, that conclude that the governments and big banks are predatory parasites, to promoting bullshit "solutions" that they should not be that, is once again controlled opposition, playing into their hand, by continuing to propose bogus "solutions" based on the same bullshit that those systems were originally built on.
Of course, in the larger context, most mainstream morons appear to not even want to be aware of the social facts that governments are the biggest form of organized crime, controlled by the best organized gangs of criminals. It appears that only a relatively small minority is interested in better analysis of the social facts which demonstrate that the political economy is based on enforced frauds. However, what is even worse, in my opinion, is that the relatively few people who understand the degree to which the real world operates according fractal patterns of the principles and methods of organized crime does not accept the deeper levels regarding how and why that IS what evolved, but rather, they content to propose bullshit "solutions" based on asserting that "should have never been allowed to evolve."
Proposing more "public banks" and more public control over the public money supply is a superficially sensible recommendation, but ONLY SUPERFICIALLY SO. Those kinds of superficial "solutions" do not actually address the short-term problems that the established systems are ALREADY runaway triumphant organized crime, and moreover, those kinds of "solutions" do not address the deeper levels of the chronic political problems inherent in the nature of life, which must be resolved somehow through the longer term.
Money is measurement backed by murder. Better public banks, and more public control over the public money supply could not actually exist without better public murder systems, or public death controls.
The existence of the currently established enforced frauds, in which the biggest banks have captured control over the political processes, resulting in most politicians being the banksters' puppets, who are voted for by enough of the masses of muppets, who have been brainwashed to believe in the banksters' bullshit, is a vicious spiral whose sources go back and back into the basic nature of human life, as entropic pumps of energy.
Warfare was organized crime on a larger scale. The history of warfare made the powers of the sovereign states, while more of the history of the application of the methods of organized crime enabled the biggest gangsters, the banksters, to capture control over the powers of governments. Meanwhile, throughout that process, the biggest bullies' bullshit social stories became the language that almost everyone uses to think about that situation, which resulted in promotions of false fundamental dichotomies, and impossible ideals, which always made the opposite happen in the real world, and which are not good for anything except to allow the best professional liars and immaculate hypocrites to continue spouting their lying hypocrisies.
That lying hypocrisy applies just as much throughout the controlled opposition groups as it does throughout the established systems. The article above was another sterling example of that process, of relatively good analysis, which then collapses to bullshit "solutions" based upon the impossible ideals that triumphant organized crime "should have never been allowed to evolve." In fact, when one goes through a sufficient series of intellectual scientific revolutions necessary to better understand how and why THAT DID EVOLVE, then one might begin to theoretically develop genuinely better resolutions of the chronic political problems which are inherent to the nature of all life, including human civilizations.
All human realities are necessarily organized lies operating robberies, because they are all entropic energy pumps. Those realities are deliberately misrepresented as much as possible through the language of false fundamental dichotomies and related impossible ideals.
Not only does that run throughout the political processes, due to the vicious feedback loops of the funding of all aspects of the political processes, but also that goes to the heart of the currently orthodox mainstream philosophy of science. Although science now understands everything, as much as that is possible, as energy systems, the concept of entropy was inverted when an arbitrary minus sign was inserted into the entropy equations of thermodynamics and information theory. We understand entropy backwards in order that the measurements of power and information can be expressed as relative positive values, rather than as relative negative values.
We do not merely live in a Wonderland Matrix, or Bizarro Mirror World where everything appears backwards, such as that governments are the biggest form of organized crime, controlled by the best organized gangs of criminals, but also that runs throughout all of the currently dominate natural languages, including through the distortions made which inverted the philosophy of science, so that the concept of entropy would be consistent with the biggest bullies' bullshit world view.
With respect to the Wonderland Matrix, one could ask: "How far down the rabbit hole does Alice go?" The article above only goes through a few levels of the infinite tunnels of deceits which dominate our currently established, social pyramid system based, kind of civilization. Our society is almost totally based on being able to back up lies with violence. The only connection between human laws and natural laws is the ability to back up lies with violence.
The current political economy IS based on increasingly sophisticated systems of legalized lies, backed by legalized violence, or ENFORCED FRAUDS. However, while the majority of mainstream morons have been conditioned to not want to understand that, those few that do then tend to still be reactionary revolutionaries, who do relatively good analysis of the problems, but then always collapse back to the same old-fashioned bullshit based on false fundamental dichotomies, in order to promote "solutions" based on impossible ideals. Articles like the one above, and pretty well every other article republished on Zero Hedge, follow that pattern of relatively good analysis of the problems, which collapse back to bullshit when they turn to solutions. After all, what is the point of asserting that the EXISTING systems "should have never been allowed to evolve," AFTER THEY ALREADY DID?
Promoting the same old false fundamental dichotomies and related impossible ideals ONLY makes relative sense if one is inside of the established systems that depend upon those continued ENFORCED FRAUDS, or if one is still inside those established systems, as some form of controlled opposition group. Other than that, the theoretical point should be to go through the good analysis to then propose realistic resolutions which are still consistent with that analysis.
Namely, governments MUST necessarily be the biggest form of organized crime controlled by the best organized gangs of criminals, and therefore, the only realistic solutions require better organized crime. Citizens are actually members of an organized crime gang, called their country. Governments are basically military organizations. As well, all other human systems are similar. Every corporation or church, etc., is also some organized system of lies operating robberies, because every possible human system must still be an entropic pump of energy flows.
IF one was to remain consistent with the CORRECT analysis of the problems presented in this article above when one turns to recommending better resolutions of those situations, then one should be discussing how to organize resistance which could change the path of least resistance, within the overall context that money is measurement backed by murder, as the most abstract form of private property being based on backing up claims with coercions, inside of the overall real ways that human beings and civilization operate as entropic pumps of energy.
In order to resolve the real problems better, one should have a better understanding of those problems. Namely, how and why did governments develop to actually be the biggest form of organized crime, controlled by the best organized gang of criminals! The answers are that when one applies the principles of general energy systems to human systems, that reveals that human realities totally overlap with the principles and methods of organized crime, because human realities are always organized lies operating robberies, no matter how much more symbolically sophisticated that becomes.
By and large, almost every article and comment published on Zero Hedge follows the pattern of relatively good analysis, followed by bullshit "solutions," because those "solutions" always collapse back to still being based on false fundamental dichotomies and the related impossible ideals. While it would be possible to change the dynamic equilibria between the different systems of organized lies operating robberies, it is NOT possible to stop human realities from always being organized lies operating robberies.
Therefore, it is CORRECT to conclude that our political economy is based on ENFORCED FRAUDS. However, it is WRONG to propose any "solutions" based on stopping that from happening. At the present time, our political processes are automatically becoming worse, faster, following a near perfect match to the mathematics of exponential functions, which have driven the debt slavery systems to generated numbers which have become debt insanities.
In that context, in is probably a waste of time to point out that we need better political science, especially better militarism, in order to perceive how the death controls back up the debt controls, because we are actually rushing towards the runaway debt insanities provoking death insanities, in which context any attempts to better understand that are probably too little, too late, and too trivial to matter much. However, there are no other theoretical ways to better resolve our problems than to understand those problems better. That requires deeper levels of understanding the degree to which the biggest bullies' bullshit world view has dominated the philosophy of science, and especially political science.
Economics is necessarily a subset of militarism. Militarism is the supreme ideology, because the murder systems are the supreme social systems. Those murder system back up the money systems, and the money systems pay for those murder systems in return.
While the vast majority of people do not want to understand that, those few that relatively do then tend to not fully understand that, because instead of discussing how to operate better murder systems, to back up better money systems, the reactionary revolutionaries like to assert those systems "should have never been allowed to evolve." Everything that follows after that tends to be more bullshit "solutions" based on the same false fundamental dichotomies, and related impossible ideals, which continue to actually make the opposite happen in the real world. Unless, or until, enough of our political processes becomes based on better political science, then we will continue to follow the paths of the biggest bullies' bullshit, making things continue to automatically get worse, faster, as the dynamic equilibria between the systems of organized lies operating robberies become even more extremely unbalanced!
Although it is CORRECT to come to the conclusions that our political economy is based on ENFORCED FRAUDS, because the government is the biggest form of organized crime, controlled by the best organized gangs of criminals, it is WRONG to propose any bogus "solutions" that are going to stop that. Of course, in our society as a whole, most mainstream morons do not want to know about how the monetary and taxation systems work, while the few that do almost always continue being reactionary revolutionaries, within controlled opposition groups, promoting impossible ideals that will continue to actually cause the opposite to happen in the real world. On Zero Hedge, there are extremely few people who are not still some sort of reactionary revolutionaries, as was the author of the article above.
Of course, given that the established systems of ENFORCED FRAUDS are already runaways, I accept the criticism that there appears to be no practical political point in that context for me to bother promoting any better political science, which is more consistent with physics and biology. After all, the political world is still almost totally dominated by old-fashioned religions and ideologies, which tend to deliberately ignore the progress made in sciences like physics and biology, except to use their technologies to amplify their preferred kinds of bullshit, or their systems of enforcing frauds.
At present, it is practically impossible to imagine the series of political miracles it would take for enough human beings to become more scientific about themselves, especially since mainstream science is just as dominated by the biggest bullies' bullshit world view as is every other social enterprise. But nevertheless, I continue to promote the theory that we ought to do that more, i.e., we ought to better understand how and why we are living in a Wonderland Matrix, where the biggest predators are controlled by the best organized parasites.
good post RM, [again], ... just like to add that as long as money-thrown-at-campaign directly affects votes accrued, the status quo is unlikely to change. [see graphs of presidential campaign spend vs votes won, there is a direct ratio of $:votes].... politics is worse at self-regulating than the financial system !....... And what's with the idea that belonging to a political party means you know where you stand on issues not yet discussed & prior to hearing pertinent facts...... surely only an idiot would make up his mind before hearing the facts. But there lies the false dichotomy of blue flag / red flag. Voters enforce belief in this system, and are not actors for change, but supporters of the system.
Only a very small % of the population understands significant amounts about non-lamestream media point of view and it's revelations. Most people keep taking the Soma, and relish the distractions of sport, celeb, tv, ... So much psy pressure to conform, shut up, accept, consume, that freedom of thought is a rare thing and often labelled conspiracy to conveniently dismiss unpalatable facts that might wake some people up.
The critical mass of 'awake' bods is a long way off, as is a credible alt system that can successfully challenge the current model. [unfortunately].
withdraw consent
Meanwhile:
Leaked: Banksters promote further financial deregulation!Outstanding article once again.
A bank should be a clearing house for business transactions. This is where Clintoon / Glass Steagall fucked up royally. Turning banks into giant casino's was the beginning of the end. Casino/Banks should be properly labelled as such so that if assholes want to gamble they can do businsss there. If you (the customer) want to get "skimmed" and roll the dice....then just go to a CasinoBank and get assraped.
Thank God there's still a few good credit unions around.
if you use a credit union, better not use your account on the web, or online, payments. When someone gets your info, credit unions have weak protection, and dont reimburse you if someone cleans out your account. check.