Is Hammurabi's Code the key to fixing the banks?

Over the years there have been a chain of events that have led us to where we are now. This is true not only for the US but for the rest of the world. In a previous article we tried to determine when the US was at its strongest, to maybe shed some light on where the US went off track. It seemed clear that when the US middle class was the largest portion of the population domestic production was also at its greatest. Simply put, people were working and had money to spend. More demand created more production and more jobs.

 

Looking at the non-farm payroll reports you would think that everything is booming yet we see from a number of sources that low unemployment numbers do not tell the whole story. There are a large number of facts and arguments that support that point of view. Things are not well and getting worse but the subject of this article is what to do about it?

 

We know from the financial crisis of 2007 that very little was done. The New York Times highlighted the differences between the Savings and Loans Crisis of 1983 and the Financial Crisis of 2007 where following the S&L crisis there were 1,100 prosecutions, compared to 2007 where only one banker went to jail.

 

The population that was affected by the crisis tried to vent their frustration in anyway they could. So the protest movement, Occupy Wall Street was born The main issues raised by Occupy Wall Street were social and economic inequality, greed, corruption and the perceived undue influence of corporations on government—particularly from the financial services sector. The OWS slogan, "We are the 99%," referred to income inequality and wealth distribution in the US between the wealthiest 1% and the rest of the population. That was 2007 and now it is worst.

 

How did the financial media cover this?

"SERIOUSLY?" CNN's Erin Burnett asked mockingly after finding one protester who didn't know the government made money on the Wall Street bailout.

Fox News largely mocked them as "whackos" and "communists," and took pains to compare Occupy Wall Street unfavourably to the Tea Party.

At the time, CNBC's Lawrence Kudlow suggested the protests were unpatriotic (currently President Trump’s chief economic adviser).

 

Most financial media criticised the protests for not supplying any concrete solutions and to stop playing the “Blame Game,” and here lies one of the main issues. The levels of greed and corruption are through the roof yet fewer and fewer are being punished, in spite of the fact that these so called white collar crimes have had serious repercussions in the greater economy and do affect peoples lives indirectly. Today the motivation behind greed to steal and harm others seems to be stronger than the deterrents from the risks involved. We should therefore be playing the blame game even more and bring people to justice. Here we look to the Code of Hammurabi for some insight.

 

The Code of Hammurabi is a well preserved Babylonian law code of ancient Mesopotamia, dating back to about 1754 BC. It is one of the oldest deciphered writings of significant length in the world. The sixth Babylonian king, Hammurabi, enacted the code, and partial copies exist on a man sized stone stele and various clay tablets. The Code consists of 282 laws, with scaled punishments, adjusting an eye for an eye, tooth for a tooth as graded depending on social status, or slave versus free man. Nearly one half of the Code deals with matters of contract, establishing, for example the wages to be paid to an ox driver or a surgeon. Other provisions set the terms of a transaction, establishing the liability of a builder for a house that collapses.

If an architect was hired to construct a bridge, he and his family would be forced to sleep under the bridge. If a captain was hired to sail a ship and he was responsible for wrecking it, he would be personally liable for the damages. If a builder built a house for someone and did not build it properly, and the house that he built fell and killed the owner of the house, then the builder would be put to death. These are examples of clear and direct irresponsibility. If the builder purchased crappy materials at a cut rate, he would still be responsible. The principle concept is to hold people responsible for their actions.

 

If an accuser brought an accusation of a crime but could not prove it, the accuser would be put to death. Or, thieves would have their fingers cut off. We are supposed to be living in a more civilised society and are not advocating such exaggerated drastic measures, although one of the closest allies to the US employs them.

 

The main idea here is holding those in power accountable for their actions to the point where should their actions harm others, they would be “personally” liable, or as Nassim Taleb advocates having “skin in the game.”

 

How could the code be applied to today’s incidents? Think about how many investment manager market forecasters would change their tune if what they pushed their clients into was taken out of their personal accounts. You would most likely begin to see the most conservative portfolios you have ever seen. It would probably cut Goldman Sachs business by 60%. How would Jim Cramer react if his “Buy Buy Buy” rants held him personally liable for any losses he may incur?

Wells Fargo used improper accounting techniques to hide losses in order to borrow money from the Federal Reserve at lower interest rates — effectively defrauding the government by hiding the true scope of the bank’s financial problems. According to Hammurabi’s code, if the line of management responsible for such actions were forced to pay damages, not under the guise of an incorporated company, but from their personal net worth it is doubtful that those responsible would have ever authorised such actions. The result of the present judicial system is that the bank continues to replicate such actions and at worst the CEO is dismissed with a massive bonus.

 

Before economic activity can be developed to where the middle class becomes stronger once again, putting the greater economy on a stable footing for all, regulations have to be enforced and more crimes need to be punished. Crimes need to be punished accordingly. To do this requires political will, but those politicians need to be also held personally accountable. However, we need to start somewhere so the financial industry seems like a good place to start. As Billy Ray Valentine said in the movie Trading Places, “You know, it occurs to me that the best way you hurt rich people is by turning them into poor people.” The movie Trading Places was essentially an example of an eye for an eye. You may remember that the Winthorp's bet was for $1, no skin in the game. 

 

Getting 5 years in prison for stealing a few packs of gum compared with ripping off billions from tax payers and getting a slap on the wrist is an economy on the edge of chaos, not stability. As trend forecaster Gerald Celente likes to say, “When people lose everything, they lose it.”

Comments

ParkAveFlasher 44magnum Wed, 07/11/2018 - 10:31 Permalink

Bear in mind the distinction between "men" and "slaves", and the accompanying differentiation in applying the law.  Jesus called these "the commandments of men".

What we have now is indeed Hammurabi - Hammurabi the God-King, Sun of Worship, him and his court, and those he favors.  Those who dispense the law are not ultimately subject to the law, but to the law-giver.

I believe what the author is ACTUALLY alluding to - or, rather, hungering for - is the righteousness of God, not the righteousness of Hammurabi.  Under the righteousness of God, no man is able to stand, regardless if that man declares himself king, and the whole world believes him. 

For kings and rulers claim authority from whatever the people mostly believe is the authority, or else, no one would listen - this is the madness of crowds.

On that note, I profess Jesus Christ as Lord of my Heart.

Abraham the Patriarch appears around the time of Hammurabi.  Chew on that!

In reply to by 44magnum

ParkAveFlasher shovelhead Wed, 07/11/2018 - 12:46 Permalink

Was Hammurabi subject to his own laws and codes? 

If the Hebrews ("Jew" is a modern term) invented God, as you purport, why would they invent a God that repeatedly casts them down in judgement after judgement, that has their name reviled before all history in verse after verse, chapter after chapter, book after book recorded in the Bible?

If you can find a book in the Bible where a proud, vain, arrogant self-glorifying Hebrew isn't judged and judged severely, in full view, I will give you a $5 bill. 

This assumes you know your history / have actually read the Bible.

In reply to by shovelhead

fbazzrea ParkAveFlasher Wed, 07/11/2018 - 14:13 Permalink

how about this one?

ancient messianic prophesy by Daniel was usurped by Roman Emperors Vespasian and his son, Titus Flavius, via the writing of Flavius Josephus, a Jewish rebel turncoat, in War of the Jews in coordination with his authoring the Gospels. Joseph Atwill's Caesar's Messiah painstaking documents the process of Josephus replacing the prophesy of a rebellious Jewish messianic family directly descended from Aaron, not Abram, led by Matthias Maccabee and his rebel sons, Eleazar, Judas of Galilee, Simon, Joseph and John.

without extensive elaboration and cutting to the chase, Josephus twisted the Jewish rebels' reality into a grand Roman parody of the campaigns of Titus to execute the leaders of the rebellion via the Gospels written post-73 A.D. for appearances that "Jesus" prophesied the burning of the temple and the utter annihilation of the real jesus (Lazarus-son of Judas of Galilee) at Masada exactly 40 years after the supposed crucifixion of Jesus.

don't take my word for it and i'm not going to argue with anyone. read the book. if you can read. consider everything you think you know about Jesus and Christianity as contrived by the Roman emperors, forefathers of Catholicism, to hijack Jewish resistance and replace it with a "Render unto Caesar that which is Caesar" religion, aka Christianity.

why was the original Gospels written in Greek, rather than Hebrew? Greek was the Roman hoi polloi language of the day. it's already agreed that the Gospels were written in the first century, long after the supposed date of the crucifixion. it's easy to prophesy when writing post-events. in an ironic twist of great humor to the Roman court was the fact that the New Testament indicates Judas of Galilee to be the traitor of "Jesus" when in fact, he was the father of the Jewish rebel upon which Josephus based much of the character of Jesus.

there are so many coincidences that support Mr. Atwill's conclusions after a lifelong research.

the early saints of Catholicism were all Flavius family members--go figure.

the Vatican has been ruling the world ever since.

so all this talk about the Jews is just divide and conquer BS. the Jews have had the short end of the stick, the same as you and i. their culture was actually subverted by these ruling sociopaths. the modern Zion state of Israel is merely the current incarnation of their global mind-control (subjugation) strategy: control Christianity via USA. control Judaism via Israel. control Islam via the Sauds. control Catholicism via the Jesuits in the Vatican.

http://www.caesarsmessiah.com/

i have no dog in this hunt. just sharing...

*edit*

oh yeah... why are not the two manuscripts documenting the messianic lineage to be Aaron's not Abram's--The Damascus Document and Community Rule--found with the Dead Sea Scrolls widely distributed throughout Christendom?

because they will shoot fatal holes in the New Testament fabrications of Abram's lineage as messianic.

In reply to by ParkAveFlasher

Hail Spode fbazzrea Wed, 07/11/2018 - 14:41 Permalink

"why are not the two manuscripts documenting the messianic lineage to be Aaron's not Abram's"

Aaron's is a subset of Abrams. It's not "either-or" 

 

I appreciate the originality because the "Jewish Conspiracy" people on this site are very tiresome, but Christ was not a Roman conspiracy either. They would have had to be able to alter all of the Old-Testament text too because so much of it points to Jesus right from the beginning. That most of the church doesn't teach it is because they just adopted the views of the Jews on early Genesis and thus they have missed the real meaning of the text. It is basically impossible for Christ to have been a Roman Conspiracy unless they could control Old Testament manuscripts t0o. As a bonus, the Christ-centered way of looking at the text doesn't even clash with the scientific record of nature. Adam is not created as first man but as shadow of the Messiah. The flood of Noah was not about wiping out humanity but only purifying the line of Messiah (as in baptism). The book on this...Early Genesis, the Revealed Cosmology.

In reply to by fbazzrea

ParkAveFlasher fbazzrea Wed, 07/11/2018 - 15:05 Permalink

The value of the Dead Sea scrolls is in their early corroboration of known and vetted texts, first of all.  Many texts were found preserved, not all of them were even accepted by predominating Hebrew thought then and following.

Second of all, modern scholarship confirms:

1) the historicity of Jesus of Nazareth, that He had followers, that He was crucified, and that His followers believed in His resurrection, and that His followers themselves propagated the story of his resurrection via evangelizing and the writing of seminal documents, confirmed to have been produced prior to 100AD.

2) to disparage the historicity of Jesus of Nazareth as He is found in extant documents is to essentially disparage most documented history, as there are shockingly fewer existing documents of any other recorded person than of Jesus of Nazareth.

3) it easier to accept as fact, based on documented corroboration by disparate parties both hostile to Christians and hostile to Rome, that Jesus of Nazareth existed, taught, and was crucified, than the existence of any other historical figure in the ancient world.

4) Roman conspiracy theory is more than a little shaky, considering Rome was hostile to Christianity for centuries, in fact, still is, because....

5) Catholicism is not Christianity, in fact it is a mockery of Christianity.

 

 

In reply to by fbazzrea

besnook ParkAveFlasher Wed, 07/11/2018 - 15:06 Permalink

i don't know. the buddhists seem to have done quite well without a god to guide them. god is an unnecessary artifact for people who do right, act right and think right with right being mostly defined as putting yourself last instead of first. putting yourself before others is the root of the western economic/social system and is it's fundamental flaw. the west will never be truly civilized until that philosophy is tossed out.

In reply to by ParkAveFlasher

Couchtycoon ParkAveFlasher Wed, 07/11/2018 - 23:03 Permalink

I just want to point out this article is about Hammurabi who wrote a code of laws which forced people to take responsibility for their actions. I am really not sure how so many of you got derailed onto the Bible, God and the Jews. We are talking about a real person who made real laws and we know they really existed not out of faith ,but because you can actually touch them and read them.

In reply to by ParkAveFlasher

ZZR600 Wed, 07/11/2018 - 10:07 Permalink

Unfortunately it's never going to happen in the West. We live in kleptocracies now. Those doing the plundering are those setting the laws. Maybe a few executions Chinese style would do the trick, but I think it's past the point of no return. It will inevitably implode, just have to hold on tight for the ride

snblitz ZZR600 Wed, 07/11/2018 - 14:29 Permalink

Theft is rampant everywhere including in the laws of the land.

Corruption and Bribery are so rampant that people do not even recognize it anymore:

  • foreign interests give to "foundations"
  • politicians with family members with "foreign interests"
  • taxes misused and misspent
  • unsound public pension "deals"

No so long ago what these represent would have been obvious to all.

Maybe the people do recognize what is going on, and are choosing to partake because it cannot be fixed.

The only solution that has worked in the past was to leave.  Where does one go?

In reply to by ZZR600

lnardozi Wed, 07/11/2018 - 10:17 Permalink

I'd plunk to see the Fed Governors fed into a chipper shredder on Pay-Per-View. And how I would love to see written into corporate law a ceiling on pay and benefits, tied directly to the wages of entry level employees.

Farqued Up lnardozi Wed, 07/11/2018 - 12:14 Permalink

It could better be solved by a level legal playing field and eliminate the Gov privileges the fascists have over the entrepreneurs, and watch the incompetent pricks line up with the average employee. Gov schools dumbing down the populace is the major problem. Stupid pension funds managers elect the directors that get hornswoggled by the Ivy League imbeciles carrying the pedigrees bestowed by communist professors.

Ban lawyers from holding elected offices and judgeships. Limit them to advisory positions only.

In reply to by lnardozi

Can't sit still Wed, 07/11/2018 - 10:25 Permalink

Douglas MacArthur "history shows no example of a society that underwent moral collapse and did not also collspe financially" Slightly paraphrased.
Politicians have to choose betewen; taking the money OR representing the best interests of the honest, working people. Putting crooks in charge leads to the expected consequences.

Lockesmith Wed, 07/11/2018 - 10:43 Permalink

No. People get the government they deserve. 

If the people in a society were willing to enforce consequences upon those responsible, it wouldn't need these laws in the first place.

The fact we are in the position we are in is exactly why ponitifcation about 4 thousand year old commandments has absolutely no meaning.

stiler Wed, 07/11/2018 - 10:58 Permalink

LoL, ZH has to go back to Hammurabi for a rule of law? What is the moral absolute behind this law that would be binding? It would have been delivered from all the gods. The God of Israel and of Creation provided a better law, the Law of Moses.

However, the Law of Christ surpasses Moses' Law, called Grace (a progressive dispensation). God lets the rain fall on the good and the evil, but God is the binding influence. Not happy with the slowness of God's judgment? He lets the tares grow with the wheat and at the end of the age (coming up) He will separate them and burn the tares. If we're in the Kingdom already, things aren't working with any sense of perfection. But if it is coming up, then it makes sense that sin is increasing because man fails every single dispensation and this one is currently breaking down. They are initiated by covenants or deals that are "cut", like Abraham's sacrifice was cut in half. Breaking of Noah's covenant is the reason for the Great Tribulation, bc man has polluted the earth. BTW, under the Law of Moses, it wasn't sacrifices that saved, it was faith as its always been.

Paul Before the Areopagus
…29Therefore, being offspring of God, we should not think that the Divine Being is like gold or silver or stone, an image formed by man’s skill and imagination. 30Although God overlooked the ignorance of earlier times, He now commands all men everywhere to repent. 31For He has set a day when He will judge the world with justice by the Man He has appointed. He has given proof of this to all men by raising Him from the dead.”…

atomic balm ParkAveFlasher Wed, 07/11/2018 - 14:47 Permalink

there is only biological derivation of goodness

 

goodness is what feels good, badness is what doesn't

 

goodness means successful living, especially for the whole civilization, not just for creepy criminals

badness is (((that which impedes successful living)))

 

sometimes called satan, other times called JIM [Jewish International Mafia]

In reply to by ParkAveFlasher

King of Ruperts Land shovelhead Wed, 07/11/2018 - 14:13 Permalink

By "natural" I mean things that naturally work and are self evident to men who come together to agree on such things. We can agree on certain evils and agree that we will all be better off if we refrain from stealing and agree to punish and kill thieves. Even though an individual may be better off if he steals and robs, a civilization is better off outlawing thievery and robbing. Man doesn't create this "law" anymore than man creates 1+1=2. So these are natural law or "God given". I can apply that to today. At some point just taxation has moved in the realm of robbery today. So unless that is fixed, civilization is doomed to fail, as we are seeing today.

In reply to by shovelhead

Jasher stiler Wed, 07/11/2018 - 14:36 Permalink

29 Forasmuch then as we are the offspring of God, we ought not to think that the Godhead is like unto gold, or silver, or stone, graven by art and man's device.

30 And the times of this ignorance God winked at; but now commandeth all men every where to repent:

31 Because he hath appointed a day, in the which he will judge the world in righteousness by that man whom he hath ordained; whereof he hath given assurance unto all men, in that he hath raised him from the dead.

In reply to by stiler