The Mudcat Café TM
Thread #125469   Message #2784147
Posted By: Little Hawk
08-Dec-09 - 06:22 PM
Thread Name: BS: Afghan War mistake or wise
Subject: RE: BS: Afghan War mistake or wise
It's a little bit tricky determing who owns who in that case...the banks owning the governments or vice versa. There are a number of books out there that go into it in considerable depth. My impression is that the banks, in fact, own and manage the governments...not in a legal sense, mind you...but in the sense that really matters, meaning who the legislators really work for.

They don't work for the general public.

Do you think there's any sense allowing banks to lend out 10 times what their depositors have put into them? That's what they do. And then they do it again...and again...and again. This creates new money from nowhere, and the government didn't print it or mint it. It simply appears on various balance sheets by virtue of loans having been made.

That's a pyramid scheme. Governments like it, because it allows them to access a huge amount of money without raising taxes. Banks like it, because they get rich through acquiring new "assets" (every time they make a loan, it registers as an asset on their balance sheet)...and through charging interest on the debts they have enabled others to get into.

The public thinks their taxes are not being raised when that happens. They are mistaken, because inflation IS a tax...but not one that is recognized as such by the general public. The interest payments on the national debt are also paid by people's taxes. 17% of all the taxes the American public pays to the federal government are now going to pay the interest on the national debt alone.

This is very beneficial to the banks. It's also beneficial to the government for the time being...because it can access funds without openly raising taxes.       It's a disaster for the ordinary public, however. Wait long enough, and it becomes a far bigger disaster for almost everyone. That's what happens eventually with a pyramid scheme.

It is this financial pyramid scheme which enables most wars to be financed and fought. "Fight now.....pay later."