It's Time To Get Painfully Honest: Banks Are Evil

Tyler Durden's picture

Authored by Adam Taggart via PeakProsperity.com,

I don't talk to my classmates from business school anymore, many of whom went to work in the financial industry.

Why?

Because, through the lens we use here at PeakProsperity.com to look at the world, I've increasingly come to see the financial industry -- with the big banks at its core -- as the root cause of injustice in today's society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.

And I'm choosing that word deliberately: Evil.

In my opinion, it's long past time we be brutally honest about the banks. Their influence and reach has metastasized to the point where we now live under a captive system. From our retirement accounts, to our homes, to the laws we live under -- the banks control it all. And they run the system for their benefit, not ours.

While the banks spent much of the past century consolidating their power, the repeal of the Glass-Steagall Act in 1999 emboldened them to accelerate their efforts. Since then, the key trends in the financial industry have been to dismantle regulation and defang those responsible for enforcing it, to manipulate market prices (an ambition tremendously helped by the rise of high-frequency trading algorithms), and to push downside risk onto "muppets" and taxpayers.

Oh, and of course, this hasn't hurt either: having the ability to print up trillions in thin-air money and then get first-at-the-trough access to it. Don't forget, the Federal Reserve is made up of and run by -- drum roll, please -- the banks.

How much 'thin air' money are we talking about? The Fed and the rest of the world's central banking cartel has printed over $12 Trillion since the Great Recession. Between the ECB and the DOJ, nearly $200 Billion of additional liquidity has been -- and continues to be -- injected into world markets each month(!) since the beginning of 2016:

CHART: central banks balance sheet expansion since 2008

With their first-in-line access to this money tsunami, as well as their stranglehold on the financial system that it all runs through, the banks are like a parasite feasting from a gusher on the mother-lode artery.

It should come as little surprise that, with all this advantage they've amassed, the banks have enriched themselves and their cronies spectacularly. They have made themselves too big to fail, and too big to jail. Remember that their reckless greed caused the 2008 financial crisis, and yet, in 2009, not only did bankers avoid criminal prosecutions, not only did the banks receive hundreds of billions in government bailouts, but they paid themselves record bonuses?

And the bonanza continues unabated today. By being able to borrow capital for essentially free today from the Fed, the banks simply lever that money up and buy Treasurys. Voila! Risk-free profits. That giveaway has been going on for years.

Couple that with the banks' ability to push market prices around using their wide arsenal of unfair tactics -- frontrunning, HFT spoofing and quote stuffing, stop-running, insider knowledge, collusion, etc -- the list is long. James Howard Kunstler is dead on: we don't have a free market anymore. Instead, we have rackets, run by racketeers. The rest of us are simply suckers to be fleeced.

Nobel Prize-winning economist Angus Deaton recently agreed:

Income inequality is not killing capitalism in the United States, but rent-seekers like the banking and the health-care sectors just might, said Nobel-winning economist Angus Deaton on Monday.

 

If an entrepreneur invents something on the order of another Facebook, Deaton said he has no problem with that person becoming wealthy.

 

“What is not OK is for rent-seekers to get rich,” Deaton said in a luncheon speech to the National Association for Business Economics.

 

Rent seekers lobby and persuade governments to give them special favors.

 

Bankers during the financial crisis, and much of the health-care system, are two prime examples, Deaton said.

 

Rent-seeking not only does not generate new product, it actually slows down economic growth, Deaton said.

 

“All that talent is devoted to stealing things, instead of making things,” he said.

(Source)

As further proof, let's look at this data recently obtained by Zero Hedge. In the past 4 years, JP Morgan's in-house trading group has had exactly 2 days of losses:

CHART: JP Morgan's trading losses

That's not trading. Trading involves uncertainty and risk. This situation has none. It's an extraction process -- siphoning value from the market day after day with ironclad dependability.

And it's not just a few dollars here and there. In 2016, JP Morgan's daily average trading revenues were $80 million. Per day! That's nearly $20 billion for the year.

So if not "trading", what should we call it when a bank can extract tens of billions of dollars a year from the markets, with no downside risk? "Sanctioned theft" sounds about right.

Because for every trade there is a buyer and a seller. If JP Morgan is the winner every day, who is losing? Turns out, it's the big pools of "dumb money" that don't have the cheat codes for the system the way the banks do. These are the pension funds, the index funds, the retirement accounts -- the aggregated money of all the 'little people' out there. Little people who don't have visibility into how they're being constantly fleeced; nor do they have agency to do anything about it even if they did.

So yeah, "theft" feels like a pretty accurate term.

And it's reached the point where the banks don't even care about hiding it anymore. If you had a nice inside racket going on, wouldn't you at least pretend to hide your advantage, to avoid drawing attention? Not the banks. They're either too proud or too obtuse to conceal it. Look at our string of perfect trading days! Look at our record bonuses!

These boasts fall on the ears of everyday American's as the modern version of Let them eat cake!

And just like the out-of-touch French monarchs, the banks have positioned themselves as the enemy of the public. For as I claimed at the beginning of this article, a tremendous amount of the injustice in this country can be laid at the feet of the banks directly, or indirectly via the Federal Reserve.

Are you a senior who can't afford to retire because you can't live off your fixed-income savings? Thank the Fed's 0% interest rates for that.

Are you a millennial who can't afford to buy a home? Again, thank the Fed's policy of suppressing interest rates and thereby blowing another housing bubble.

Are you struggling to get out of poverty? Are you finding it hard to remain in the middle class? Whatever your income, are you having to work harder and harder to just stay in the same place? See here how the Fed's money printing, and the banks' first-position access to it, has created the most concentrated imbalance of wealth in our country's history:

Are you frustrated with how our lawmakers seem to serve corporations instead of the people? Listen to this mind-blowing podcast of how gobs of lobbyist money, much of it provided by Wall Street, dictates how our politicians legislate: 

This American Life

(Click here to launch podcast)

Whether it's social equity, the security of your job or retirement, your day-to-day existence, or the fairness of the laws we live under -- our fate is currently in the hands of the banks. And, of course, should their behavior trigger another meltdown of the global economy -- something we warn about often here at PeakProsperity.com -- we'll have them to thank for that, too.

Yes, the banks are going to keep writing the rules in their favor; and yes, there's little agency any of us has individually to do much about it. But as a society, we need to start addressing the dire situation we're in honestly and openly. By whatever path, we have granted the banks far too much control over our lives, and they are taking gross advantage of that. Exactly like a parasite, the banking system is siphoning off our wealth and limiting our freedoms and future prospects -- all for the benefit of an elite few. 

That's wrong. It's immoral. And it's Evil.

It's far beyond time to call a spade and spade. The path to change always begins with an accurate assessment of the problem. We need to start using accurate language  -- like "evil" -- when discussing the harm we're being subjected to. We need to make it clear to our elected officials and to our communities that we understand what the banks are doing and that we find it unacceptable. 

We need to make the criticism specific and personal. To JP Morgan CEO Jamie Dimon. To Fed Chair Janet Yellen. We need to turn up the heat on the perpetrating decision-makers, so that the borg-like structure of the banking system no longer serves as a deflective shield to scrutiny and criticism. These people need to feel the disapproving stares when speaking to the public. They need to hear the disdainful boos, and see their faces on the protest signs and nightly media reports.

And if you yourself work in the financial system, I'll be blunt. You're part of the problem. Just like my former classmates, I'm sure you're a very nice person in many ways -- but you're complicit in the banks' rapaciousness.

I know it's not pleasant to hear, or admit. I worked for an investment bank for a few years early on my career. I was part of the problem, too.

But we have a choice, both as individuals and as a society, to align our actions with our values. It's not always easy. And likely not as profitable if you indeed end up leaving the financial industry (as I can tell you from personal experience). But it's the only way we'll ultimately gain back control of our destiny.

Look, the banks' dominion is going to end one day. Either due to collapsing under the weight of the stupendous amount of debt they've helped laden our economy with, or due to an uprising from the bottom 99% once it has become fully destitute. Neither path is appealing.

So our best choice here as individuals is to position ourselves where we can be least subjected to the game the banks want to force us to play. 

The 3-part series we've just concluded: The Mother Of All Financial Bubbles, The Coming Great Wealth Transfer, and When This All Blows Up offers our best guidance for preserving wealth from the predation of the bankers. If you haven't read them yet, make that your weekend reading assignment.

Finally, as a society, we need to wake up and make some hard, courageous choices. Obviously, the banks will not relinquish their control willingly. But if we start speaking truthfully and openly about the evil we're dealing with, we'll start fearing it less. It's time for us all to speak up.

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ZeroBeek's picture

Banks are evil

and Trump has gathered GS-guys around himself.

TeamDepends's picture

Banks are inanimate objects. It is bankERs who are evil, because they belong to the Synagogue of Satan.

Arnold's picture

The UN has to get their parting shot in before it looses half its' funding and moves to Brussels to be closer to the action.

“Multiply that across other humanitarian agencies, like the World Food Programme, and you are basically talking about the breakdown of the international humanitarian system as we know it,” complained Gowan. Of course, Americans, as the most generous people on the planet based on charitable giving, could easily cut the scandal-plagued, dictator-controlled UN out of the “international humanitarian system” and allow churches and charities to fill the void, assuming the UN actually performs a handful of useful functions somewhere. But to globalist and statist extremists seeking to empower the UN while undermining freedom and national sovereignty, such ideas are always out of the question.

https://www.thenewamerican.com/usnews/foreign-policy/item/25601-trump-se...

kavlar's picture
kavlar (not verified) Arnold Mar 18, 2017 11:27 AM

The UN also voted to approve the greatest injustice of the 20th century.

http://biblicisminstitute.wordpress.com/2014/07/15/the-greatest-injustic...

stizazz's picture

The UN is wagged by the US. Period.

HillaryOdor's picture

It's hard to blame the banks when the stupid American people put their faith completely and totally into the government/banking complex.  Stupid people need to learn to take responsibility for their own actions, and their own property.  Government is not and cannot be there to help you.  Every person on the planet works for their own self-interest, no matter what they're trying to sell to you.  The only question is do we want a system where our own self interest also helps society as a whole?  Or one where fraud is the game and we just have big-daddy government there to enable them, while supposedly protecting us?  Clearly society has chosen the latter.  You made your bed now lie in it.  The alternative is called freedom, but nobody wants that.

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) HillaryOdor Mar 18, 2017 12:00 PM

The Fed is evil. Who gives a shit about banks? They are businesses just like any other.  If you hate banks use your local savings and loan or keep you money under your mattress - don't pay or support the banks.

Yeah, yeah... bring on the down votes - "I HATE(!!!!!) BANKS!  ARRRGGGGHHHHHH"

Along with the Fed, the Welfare Industrial Complex is the real evil in this country: "FREE SHIT FOR EVERYBODY!!!"

Bring back freedom and liberty.

38BWD22's picture

 

 

As individuals, there is little we can do to change the system.  But there is a LOT we can do to protect our own families:

-- gold

-- CA$H at home

-- GOTS

-- Don't go into debt

 

robertsgt40's picture

Moneychangers ring a bell?

Logan 5's picture
Logan 5 (not verified) robertsgt40 Mar 18, 2017 3:55 PM

"It's Time To Get Painfully Honest: Banks Are Evil"

 

It's Time To Get Painfully Honest: Banks Are RUN BY JEWS

 

~fixed it

Obadiah's picture

And to be even MOAR painfully honest, they are of the Synagog of Satan... those that SAY they are jews, BUT ARE NOT, BUT DO LIE

 

- there drilled it down just a bit tighter

BobEore's picture

Excellent.

Any more drilling, and we'll be hearing squeals of pain from those whose job it is round here to make sure everything goes round in circles of continual smoke n mirrors.

Not far into this piece by AT - who I happen to respect, because he's shown a proven willingness to take on the moron fringe of the metals cult without flinching - the reader is faced with a decision... throw the piece out as more verbiage designed to skirt round the truth and divert attention from the real perps, or appreciate the limits to what can be said - and published - in this or any other Merkian venue, and leave it at that.

"Bankers" are not, as a group, composed of a single ethnicity, religious profile, or any other demographic yardstick. Of course, there are "bankers" from all over the world = Chinese, Indian, Hispanic, African, or even "Islamic." Who all adhere to the code of usury/debt/interest, in overt or concealed form. 

But as with most corporate - or even, most organized expressions of human profit-seeking - endeavor, those at the top of the 'banker' pyramid are almost uniformly of a single persuasion. A persuasion which it is more than convenient to have mislabelled "Jewish,"  because that allows them to hide under the bullshit catchall 'anti-semitic' 6th Amendment of the Moneypower - the "right" to be immune from all criticism by virtue of a permanent status of victimhood imputed to exist for everyone who calls themselves a "Jew."

Drilling down past that superficial level of dense steam and carbon-based material, we strike the real 'abiotic' black gold of truth in media however. A truth that sock puppets here never tire of trying to repeal by returning our gaze to the top level of b.s. instead. But the 'black truth' remains available...

we are perceptually disabled from seeing the obvious. The inheritors of several streams of antinomian, gnostical judaic breakaway cults - the Sabbatean, to be sure, primary amongst them, have been able to use a 'genius' for both effective organizing & policing of their own members, and secretive infiltration of societies around them, to become a literal majority of that much-mentioned "one percent."

Existing on the fringes of the traditional jewish rabbincal-led religion, they nevertheless have welded themselves so effectively as barnacles to that entity as to be able to float concealed below the waterline of our conciousness. Dimon, the infamous Onassis, and so very many others - scions of the Dönmeh trading and moneychanging familiies of Salonika and Smyrna... neither 'jewish' nor muslim, apostates to both and adherents only to the millenialist madness of Luria and Tzvi,

many name changes later, are the integrated patrons of the black arts of Babylon who produce the seeds of corruption by which the west has been reduced to a pathetic noahide protectorate of a tiny pirate state ruled - it need be noted - not by "Jews" of the religious form of the term - but by the literally 'satanist' adherents of the Frankist cults which grew out of the fertile and febrile imaginations of Russian and E European Ashkenazi 'immigrants' into the single most potent political force in the world today.... via the economic control wielded from having wedded financialisation of our economies to the program of 'dumbing down' the population of societies they conceal themselves within... so that no critical faculties or perceptual ability remains to them.

That they own outright, the US Treasury, the puppet POTUS' and POTENTATES who they dangle as figureheads in front of our gaze, is small potatoes compared to what they are intent upon owning - via the makeover of western sciences into a tool of the black arts of necromantic kabbalism...

"Bankers" are but the convenient whipping boys under which all of this can be better hidden - as are the endless references to "it's the Jews," which the guardians of the 'anti-semite' brigade so love to encourage. And as Sundays are always a "special" day here - I trust we will see a response from some of those same guardians shortly... as they are overdue to have their asses kicked right back into the spouting holes of dark steam and burning hellfire whence they come from.

TAALR Swift's picture

Perhaps a definition of "Banks" is in order, to separate the banks that literally own the Fed, from those that do not.

The former would include the Big 5: BAC, JPM, GS, WF, Citi.

The latter would include a myriad of S&L banks and Credit Unions. 

Hope this helps.

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) TAALR Swift Mar 18, 2017 12:04 PM

Yes, my point exactly.

Pumpkin's picture

They are businesses just like any other.

 

They use fiat, created out of thin air to rule mankind. I am guessing you have no idea who owns the fed.  They ARE NOT like any other business.

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) Pumpkin Mar 18, 2017 12:07 PM

And you use fiat, created out of thin air. Ergo, you, too, are evil.

Your local community bank doesn't own the Fed.  I am guessing that you have no idea who owns the Fed.

Dabooda's picture

Using fiat doesn't make one evil.  But don't absolve local banks of guilt simply because they don't own the Fed; even local banks operate on a fractional reserve system -- basically legalized fraud, theft and/or gambling with depositor money.

HillaryOdor's picture

They create fiat out of thin air because those are the rules set forth by government, or if you prefer by a government-sanctioned independent body who is charged with setting those rules.  The businesses are operating within the rules for the most part.  The regulatory bodies will always be captured because that is the nature of humanity.  Regulation itself induces all kinds of moral hazard and incentivizes people to rely on government to protect their interests which is completely idiotic.  Banks' power comes from government, but it is antithetical to the socialist left to ever follow the chain that far.

Remember also that a lot of these banks wouldn't exist anymore if it weren't for TARP and ZIRP after 2008, again government policies.  So does GS screw over the American people?  Sure.  But who enables GS?  The US Government of course.

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) HillaryOdor Mar 18, 2017 1:28 PM

Exactly right.  But it's more fun for many to play act in the street, yelling "I hate banks!!!"

fbazzrea's picture

So does GS screw over the American people?  Sure.  But who enables GS?  The US Government of course.

and taking it a step further, who enables the USG?

that's the author's point. individually, we can't make a difference, but millions of individual decisions can, does and has made differences throughout history.

it all begins with enlightenment. one cannot change the system without individually taking responsibility for its shortcomings. the 2016 presidential election was a great first step, but much more to be done.

let's do it

Trucker Glock's picture

"They are businesses just like any other."

They're not just like any other business.  That is the problem.  They have privileges no other businesses have or should have.

Edit: Pumpkin beat me to it above.

kochevnik's picture

Indeed, who cares shit about legalized counterfeiting banks or the mafia?  The are creations of the state

PT's picture

True the herd is stupid.  You think you are clever enough to avoid being trampled by the herd as they stampede over the cliff?  You choose to ignore the cowboy that started the stampede?  In his eyes you may be clever cattle but you're still just cattle.

HillaryOdor's picture

No there's nothing I can do to change anything.  And to get where we need to get would necessitate utter collapse and mass suffering, so it's not only politically impossible, but it would be unpleasant for everyone, even those well-prepared.  I've accepted my fate, and there is nothing to be done.  I decided I won't put children through that, so no kids for me.  It's unfortunate because I would love to raise children, but looking at the modern world humans have created I'm not so sure I want to participate in the perpetuation of the species anyway.  Idiocracy was too optimistic I'm afraid.  But part of me is glad that the world will suffer.  Why would anyone ever live with this system anyway?  They deserve to suffer just for letting it go on like this.

And it is not me that is avoiding the root of the problem.  It is you, the author of the article, and the majority of commenters on ZH and everywhere else.  The cowboy that started the stampede as you call it is, was, and always will be government.  People can only continually screw society over when we have no choice whether to do business with them or not.  For example we are all forced by government to hoard as many dollars as possible even though we all know they are just worthless paper.

fbazzrea's picture

you create your own boundaries and delusions.

be the change. make your life an example.

ants build mighty mounds not from external help but as a result of countless individual efforts.

are not humans superior to the humble ant?

HillaryOdor's picture

I don't create my own boundaries.  Worthless humans who put up with tyrannical governments set my boundaries and there's nothing I can do about it because everyone is a genius in their own mind.   So instead of listeining to reason they twist their minds into ideological pretzels to justify the current state of affairs.  

Are humans superior to ants?  I don't know.  None of it really matters in the end.  We have the capability to build better things sure, but ants are far more prolific and they live in accordance with their own nature.  Humans are trying to copy ants even though it's not in our nature.  We set up small groups of people (called government) on a pedestal as if they were born the queen ant, and we force each other to serve the queen in a collectivist hivemind despite the fact that it is not in our nature or in our best interests or even moral or ethical at all.  I have more respect for ants honestly.

fbazzrea's picture

I don't create my own boundaries.  Worthless humans who put up with tyrannical governments set my boundaries and there's nothing I can do about it 

 

'nuff said

HillaryOdor's picture

Hey why don't you jump off the empire state building and flap your arms like a bird and fly across Manhattan.  Go ahead, do it.  Oh you don't have wings?  Come on now, don't create boundaries for yourself.

Do you see how stupid that sounds?  Probably not.

HillaryOdor's picture

I mean these kinds of platitudes might sound good in your mind.  "Be the change.  Make your life an example." That might hit some kind of leftist emotional trigger that normal people have.  It might make you feel proud and hopeful, but it's just hollow useless words.  It's meaningless.  Nobody is going to follow me.  Worthless humans love their servitude.  They worship authority.  It is a religion and that's how it's always been.  I'm not going to change human nature, and so I'mjust  not going to participate anymore.  I will pay as little in tax as possible.  I will avoid social interactions and people as much as possible.  Sadly I will not have children.  And my career goal once I finish my PhD is to join a bank or hedge fund and hopefully join in the screwjob.  As far as I'm concerned humans deserve it because instead of coming up with or trying real solutions they just exchange useless platitudes and hope for the best.  We could end this corrupt system right now.  We could do it today if humanity had the will, but it doesn't.  Hey if you can't beat 'em, join 'em.

fbazzrea's picture

imo, based upon your own words, you are in an endless samsaric cycle of self-victimization whether you are aware of it or not.

wake up or repeat. your choice.

fbazzrea's picture

And my career goal once I finish my PhD is to join a bank or hedge fund and hopefully join in the screwjob.  As far as I'm concerned humans deserve it

you will not find fulfillment in this path by your own assessment. your self-esteem is low and it apparently comes as a result of self-loathing due to your desire for material rewards in opposition to your weaker spiritual compass.

may you find what you seek.

HillaryOdor's picture

Wow, you're an idiot.  People like you are the reason I have lost faith in humanity.  Because you think all it takes to solve the world's problems are platitudes, not actual effort, learning, and action.  I do not have low self-esteem.  If anything I've become quite narcissistic because of my contempt for the majority of humanity.  And I agree I would not be fulfilled by material possessions.  What I really want is to raise children, but I dare not, not with people like you around.  In fact I think I've already died and gone to hell.  The one thing I do have to look forward to is the idea that justice will prevail eventually.  I believe all of you people will get what you deserve in the end, and I like that.

fbazzrea's picture

(: you exhibit a strong sociopathic mentality, bordering on psychopathy.

now it's my fault you won't raise children?? you are delusional.

"you people?" lol

 

fbazzrea's picture

 Because you think all it takes to solve the world's problems are platitudes, not actual effort, learning, and action.

you have no idea what efforts, learning and action i have taken. but you have told the world your choice of action is:

"If you can't beat 'em, join 'em."

and your narcissim is a cover.

btw, you are in hell, one of your own choosing.

g'day


Giant Meteor's picture

Correct. All this this real life dystopian fiction was created in the mind of men. Banks, last I checked, didn't create man. Man created banks, and as the essay accurately points out, the bastardization and evil, came from the minds of men.

Evil is an accurate descriptor, as far a one word goes. Of course in this age, many believe there is no such thing as "evil" but rather only thinking makes it so (another construct of man.) Rent seeking, the "financialization" of Every Fucking Thing .. is of course a great evil, conceived in the minds of men.

The Black Swan Is On THe Wing .. Snordster

Its worth reapeating

https://www.youtube.com/watch?v=o1HhQejLoSA

The International Banker Is The Scum Of The Earth ..

Hungman's picture

This is a true statement. They will push the blame off of them and onto the institutions as much as they can. You can't hang a bank...even though they can be considered a person for some reason. Once heat starts cranking up the Bankers will gladly sacrafice the banks and then it will be rinse and repeat. 

UncleChopChop's picture

the evil underlies the expression. bankers are an expression of it. to confuse the people for the evil is to miss the point and wind up getting bogged down in internecine warfare.this is not to excuse people for their wrong actions, but to focus attacking the people who are under the spell rather than to seek to 'turn these people on' is only going to create more chaos.

ConnectingTheDots's picture

"Banks are inanimate objects."

You mean that corporations are actually not people?

DingleBarryObummer's picture

"Banks are evil

and Trump has gathered GS-guys around himself."

And if you don't think those ex-Goldman boys don't have loyalties and connections to their former employer, I have a bridge in brooklyn to sell you.  Mnuchin is a Yale Skull and Bones member.  What many don't understand is that Steve Mnuchin has more loyalty to fellow bonesmen George Dubya and John Kerry than he has to Trump or anyone else.

Trump also Just gave the CIA clearance to drone whomever the fuck and whenever the fuck they want.  I thought he was at odds with the CIA....  Trump is evil.

If you support him what does that make you?

Edit:  Here then candidate Trump talks about Hillary's connections to GS and says "I'm not into Goldman Sachs" https://youtu.be/FHNAZMIcFNg?t=2713

 

X- x3's picture

Evil......?

Neaahh. More like ....(((Evil)))

There. I fixed it for us non-((())).

X-

DingleBarryObummer's picture

+1

I moved out of NYC recently to it's easy to forget the (((root))) of the problem

Maybe you can guess (((why))) I moved.

X- x3's picture

Good-for-you.

I'm born & raised in NJ, less than 20 miles as the bird flys to Manhattan.

I moved out 43 years ago.

No Regrets.

I always tried to give everyone the benefit of the doubt.

Unfortunately, ((( ))) are incorrigible.

;)  X-

in•cor•ri•gi•ble (?n-kôr??-j?-b?l, -k?r?-)
?
  • adj. Incapable of being corrected or reformed: an incorrigible criminal.
  • adj. Firmly rooted; ineradicable: incorrigible faults.
  • adj. Difficult or impossible to control or manage: an incorrigible, spoiled child.
mavenson's picture

Escaped southern CT myself, just being there was offenseive to the soul.

TAALR Swift's picture

Ergo, if "Banks are evil", then cold logic demands that Trump is:

A. Evil

B. Incompetent 

C. Compromised 

D. Gullible 

E. Malleable 

F. Unstable 

For those who don't like logic that vexes their emotional bond to and support of Trump, their explanations include:

Trump is...

1. Playing 3D Quantum Chess 

2. Keeping his friends close and his enemies closer 

3. Giving the #1 Banksters more rope to hang from - after they've hung the Forgotten Man/Woman first.

Robert Trip's picture

You poor soul.

You have been swept up in the mass hysteria that has engulfed those refusing to accept the defeat of Queen Clinton.

Only time may help you shake the bondage of idol worship and cleanse the wounds of defeat.

Good luck my friend.

mavenson's picture

I sure hope so, but how far can you 'long-con' people with foreign policy. Bombing a city in order to 'trick' the enemy into thinking you're with them... gets a little sketchy, he can only go so far. I'd really like to be pleasantly surprised but am expecting doom about 85 to 15.

junction's picture

Here is an example of how there is a much bigger evil than banks, an evil that wrecked giant CitiBank (Citigroup) starting in 2007.  Almost as soon as I posted a comment on Google Groups on 27 November 2007, with the title "OT - CitiBank Now In Financial Crosshairs Of Short Sellers", some unseen hand, probably at the NSA, knocked the posting off the front page of the alt.california site.  After one person added a comment, some 10 new nonsense, pfishing-type  posts appeared beneath my original post, all computer generated posts with no comment and bogus ID information.  The subject of the posting, CitiBank, ended up sliding in value steadily until it hit rock bottom, 97 cents, at the start of March 2009. Short sellers of Citigroup stock made billions.  I think the NSA was working with politically connected Wall Street banksters, including the Rothschilds, who were shorting CitiBank's stock.

This short selling could only have occurred because the Bush family had arranged for the abolition of the 1938 SEC uptick rule. On June 13, 2007, the Securities and Exchange Commission (SEC) voted to eliminate Rule 10a-1 under the 1934 Securities Exchange Act, the uptick rule, which for 70 years had placed restrictions on short selling on exchange-listed stocks.  The all-seeing NSA spies were monitoring everything, even Google Groups and my posting, so someone there found a clever way to scrub my posting on the activities of Bush family connected short sellers.

At the start of November, 2007, CitiBank stock was over $40.  The short sellers started hammering CitiBank and the stock price plunged 20% to about $33 by the end of November.  That's when I posted my comment.  By March 6, 2009, the bank's stock was selling for under a dollar.  A friend of mine saw his CitiBank shares' value drop from $40,000 to under $1,000.  The NWO Rothschild bankers and their Bush family accomplices made billions, as $45 billion of TARP bailout funds kept Citigroup afloat.  The biggest bank theft in world history, ignored by everyone!