This page has been archived and commenting is disabled.
...what would "we, the people" do without the banks?
h/t @FedPorn
- advertisements -
Contact Information:
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
Banking 101: 1) Fabricate barriers to entry; 2) Privatize the gains; 3) Socialize the losses.
If you want to understand banking, read The Creature from Jekyll Island: A Second Look at the Federal Reserve.
i loaned that book to my brother-in-law...he just couldn't get past the fact that griffin is "right wing." that's a real problem in this country...we didn't use to judge someone's credibility by whether they were a d or an r...
That is a bullshit excuse.
Your brother-in-law is probably just illiterate.
I cannot think of any partisan aspect to the book.
Red Team, Blue Team, same League ownership.
Actually his Bro-in-law is still living in the red team blue team myth. Both of those teams are out to get us and he needs to learn it.
It is us or them, motherfuckers.
Us or them.
And, I like us better than them.
Even the worst asshole amongst the " us's " is a saint compared to them.
We will prevail though.
Thats the book that opened my eyes. An excellent read!
Who owns the Fed's 12 regional banks?
Or rather - why are we not allowed to find out?
Who owns the FED? A private bank ostensibly owned by the member banks but the actual ownership records are not public, the stockholders or their equity participation. Any audit of the FED should also include publication of all articles of incorporation and all founhdational documents to understand this criminal institution. The real question today is with all the consolidations etc.... Is it possible the US FED is not even owned by US Institutions anymore. Yeah I know Rothchilds and all but why isn't the shareholder list public?
"So I can pay you back!"
I thought the last panel was cancelled, when we became unsecured creditors via with bail-in legislation.
True that, but the bankers know they need to lie about that part for a while yet.
Actually, third slide needs some mods as well:
"So you can stimulate the economy"
Has been changed to
"So the FED can buy my banks stock and increase the stock price of other companies my banks buys"
And when you are left with some money and when you're able to save something...
I'LL TAKE THAT AND PAY MYSELF A BIG FAT BONUS!!
So that's why wy urge you to never withdrawl any of your savings.
OH! AND BEFORE I FORGET!!
You'll pay me interest on the money you save in my bank that won't be there 5 seconds after you deposit it.
WIN WIN FOR ME!
But I'll give you a beachtowel for every 100.000 you save so you won't feel bad.
So.... where did the government get the money? That 700 billion that soon escalated to more than a trillion, that they gave to the biggest and most incompetent banks in the world? Where did it come from? How did they raise that kind of money overnight?
we know it aint real money . it was an 'extention of credit'
whats bcking the extention of credit? Taxes. Not ones already collected - taxes they expect to collect in decades to come
I had an account which I never used, with just a few dollars in it. Three months later the bank called me, said I was overdrawn and owed them $150. You can't make this shit up. Call me back when it hits something over $200k, and then maybe I borrow against it, OK?
It happened to me a few times in Canada. They increase minimum deposit requirement every few years - so if you still have 1000$ (which used to be enough to get free banking), and now the minimum is ay 1500, they start charging you 20$ every month. Then you don't notice for a year or so because you don't use the account. in a few years, your 1000 is gone. plus they use a multiplier of your 1000 (I think it's 20 x with Canadian banks like Scotiabank I used ot bank with). It's a win-win for them or more accurately steal-steal
''Since the medium of exchange in a debt backed by debt system is debt, the only way to service a debt is with debt and the only way that can be sustained is if debt inflates by the required amount''
hypertiger
http://hypertiger.blogspot.com/2008_02_01_archive.html
leave the god ramblings out next time, they are a distraction and dont help you make your point
Only, we don't have any money to lend to banks, but have plenty of debt.
If they are taking debt they can have mine, all of it. Hell, I'll run right out and run up a buttload of it for them to have.
You're brother is playing the game the way they want him to play it. The issue of freedom is not a right or left one. It's about of more government (tyranny) vs less.
When politics was dominated by right-wing institutions before WWI, anarchists were considered radical leftists. Now, when it is domainated by left-wing institutions, they are considered radical right-wingers. Sorry everyone, but the answer is neither. They are not for right-wing government or left-wing government, but simply less government of any sort.
Quite a misleading representation of the mechanics of money.
Banks create money out of nothing, no lending by the banks requiered, just some arbitrairy ratio to their mark to fantasy assets.
+100 thanks.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
- Henry Ford
Why can't I park my DEBT into the bank of my choice?
I remember when Griffin was on Beck; shortly thereafter Beck left Fox (was fired?). It couldn't be that the FED owners effectively control all mass Media through their CIA and IRS "employees? Nah. Just label me a tin foil hat conspiracy theorist for even thinking that.
That's why they have had to dumb down the populace so they are too preoccupied with entertainement instead of understanding the nature of the most important commoditiy in their lives', money.
"You're lending me money at 1/4%,
so, I can lend you money at 18%,
so, you can stimulate the economy by going into more debt,
so, the taxpayers will bail me out when you go bankrupt."
There, fixed it.
The only good banker is a dead banker.
South Park got it right.
"And its gone."
Banking has become the Cancer of Humanity.
http://verbewarp.blogspot.com.au/2011/08/delusional-economics.html
But when you are a disease, that is just the way you like it - proto-human trash that feeds on the flesh of men.
Ho hum
But 'cancer' is a money spinning opportunity, considering how costly the medicines are
The most important panels in the story of the relationship between the bankers and the taxpayers are missing from that cartoon, namely, where the bankers provide the funding to their political puppets, in order that those politicians who are the best professional liars will be able to deceive enough of those taxpayers to vote for them.
POLITICAL FUNDING
ENFORCING FRAUDS.
There are NO politically possible ways to stop those vicious spirals. Rather, the applications of the methods of organized crime through the political processes, in the form of bribery, intimidation, as well as the assassination of those who could not be otherwise bribed or intimidated, along with similar sorts of funding of the school systems and mass media, have resulted in there being almost nothing but bankster controlled governments, which depend upon enough of the muppets voting for the bankers' political puppets.
Even after one takes the time to understand,
& watch Excellent Videos on Money Systems
it continues to be politically impossible to stop the vicious spirals of the funding of politics driving the increasing enforcement of frauds. Rather, the only thing that happens is that THE MORE ONE LEARNS, THE WORSE IT GETS! Gradually, I have found that my macabre sense of humour has worn out due to overuse. Hence, I am no longer able to find such cartoons amusing, despite that they are funny because they are true, they are also terrible because they are true.
Money is measurement backed by murder, as the most abstract form of private property being based upon backing up claims with coercions. There is no private property outside of some system of public violence. The existing monetary system requires that governments ENFORCE FRAUDS by privately controlled banks. Most of the few people who learn about those central social facts continue to still be controlled opposition groups, that rely upon old-fashioned false fundamental dichotomies, and the related impossible ideals, in order to then promote their bogus "solutions" to those political problems, by going back to their own favourite old-fashioned religions or ideologies. However, the real world has become globalized electronic monkey money frauds, backed by the threat of force from apes with atomic bombs, because the debt controls were always backed by the death controls. The only theoretically good ways to resolve those problems would be to continue to go forward, not backward. However, that means "we" would have to develop better organized crime, in order actually have better government, since the essential issue is that money is measurement backed by murder, and so, there are NO ways to have a better monetary system without a better murder system to back that up.
The international bankers were the best organized gangsters, aka the banksters, that were able to persistently apply the methods of organized crime through the political processes in order to capture control over the public "money" supplies, and thereby to effectively privatize those. The governmental demands to all taxpayers to pay taxes using the bankers' "money" made out of nothing as debts was what gave that "money" its value. It was the American Police and Military that made the American Dollar continue to work. In turn, those personnel continued to effectively be mercenaries that were also paid with that form of "money," as well as promised to be paid pensions with that form of "money."
The effective privatization of the public "money" supply has been about 99% accomplished, while the privatization of the public murder systems are following after that, to the degree to which those have become, I would guesstimate, about 75% privatized. The public powers of "We the People" have overwhelmingly become integrated and sophisticated systems of legalized lies, backed by legalized violence, which are robbing taxpayers blind. From a relatively objective point of view, the vast majority of taxpayers act like incompetent political idiots, or Zombie Sheeple, that are being fleeced to exhaustion, and being set up to be slaughtered.
However, it continues to be politically impossible to stop the vicious spirals of POLITICAL FUNDING ENFORCING FRAUDS from automatically getting worse, faster. Collectively, the international banksters are a group of trillionaire mass murderers, who have created systems of debt slavery, backed by wars based on deceits, which have generated numbers which have become debt insanities, that are going to provoke death insanities. To be realistic about those real problems is to face those facts. However, that those systems have become globalized electronic frauds, backed by atomic bombs, makes fully understanding that be almost impossible.
By and large, it appears that the majority of people do not know, because they have been conditioned to feel that they do not want to know, that the entire political economy has become based upon POLITICAL FUNDING ENFORCING FRAUDS. Moreover, even after one does face those central social facts, one can still do practically nothing to change those ways that POLITICAL FUNDING ENFORCES FRAUDS, because one can not come remotely close to being able to significantly participate in the actual funding of the political processes, in order to change that.
We are stuck in the ruts of double bind paradoxes, or Catch 22s, where it is politically impossible to be able to fix the problems unless one has already fixed the problems due to the POLITICAL FUNDING. The vicious feedback loops of ENFORCED FRAUDS FUNDING POLITICS continue to automatically get worse, faster ... while there it is politically impossible to either effectively prevent that from happening, nor to effectively prepare for that continuing to happen.
Since what now EXISTS are globalized electronic frauds, backed by atomic bombs, as the ways that money is measurement backed by murder, it has been possible to amplify those systems to astronomical sizes, by as many orders of magnitude as electronics and atomic energy are greater than paper frauds, backed by gunpowder weapons. Therefore, the lives of flesh and blood people have become relatively trivial compared to the virtual world where the banksters have been able to make "money" out of nothing to gamble with.
All of the "money" that flesh and blood taxpayers use to pay for food or fuel, etc., has become insignificant inside the virtual world of electronic "money" made out of nothing, which the banksters can use to gamble with. Overall, the flesh and blood taxpayers no longer count in any significant way. Once upon a time, those people provided the backing to enable the systems of the public "money" made out of nothing as debts to be developed, and to grow at an overall about exponential rate. However, after that exponential growth of those integrated systems of legalized lies, backed by legalized violence, or of FRAUDS ENFORCED, developed for decade after decade, for more than a Century, the final results are now too mind boggling to be able to fully comprehend.
Indeed, not even the banksters, that originally made and maintained those systems, are now able to fully understand, nor continue to control, their globalized systems of electronic money, backed by atomic bombs. Moreover, most of the taxpayers do not even bother to attempt to understand that, while the few that partially do then continue to still collapse back to old-fashioned bullshit "solutions," rather than go forward to attempt to think through what it means to have globalized systems of electronic frauds, backed by atomic bombs. The "best" we tend to get being publicly presented are bogus "solutions" based upon people misunderstanding the world as if it was still like the old-fashioned paper frauds, backed by gunpowder weapons.
Theoretically speaking, only series of intellectual scientific revolutions, which were consistent with the profound paradigm shifts that made the technologies possible to become globalized electronic frauds, backed by atomic bombs, to actually EXIST could be consistent with the actual magnitudes of those problems. However, by and large, the few people who do understand the POLITICAL FUNDING ENFORCING FRAUDS continue to stay stuck inside of their misunderstanding that world as still being the same as back in those days when those systems used to be paper frauds, backed by gunpowder weapons.
BANKING 101 should be money is measurement backed by murder, that developed through POLITICAL FUNDING ENFORCING FRAUDS. However, the actual ways that those frauds have become electronic, while they are backed by weapons of mass destruction, like atomic bombs, have resulted in pretty well the total population of "taxpayers" no longer being significant factors. Rather, it is barely possible to imagine the degree to which the development of inanimate energy sources, ENFORCING FRAUDS, have left the world of flesh and blood taxpayers behind in the dust, in ways whereby they have become relatively too trivial for the bankers' systems to care about anymore, especially since those bankers can continue to count upon enough of those taxpayers continuing to act like incompetent political idiots, particularly because even when a few do understand somewhat better, they still have no practical ways to participate effectively within the established systems of POLITICAL FUNDING ENFORCING FRAUDS, which have also already become orders of magnitude BIGGER than the budgets of those flesh and blood taxpayers.
Exactly! Beer up and sing!
https://www.youtube.com/watch?v=palZzPWdGh4