Here is an essay you ought to read, a snippet:
https://www.kansascityfed.org
http://www.federalreserve.gov
Do you notice anything? Thew twelve regional banks, for example the Kansas City syndicate, are .org, since they private companies. But the headquarters in DC is .gov. They are all private companies until they need to run to DC for a bailout, then all of a sudden they are .gov. As in taxpayer bailout. If you ever want an example of "having it both ways" you can't beat the Fed Reserve system.
Inflation is the monetary policy of the USA. He who gets inflated currency first wins, so why would anyone ever sell their shares casino where the skim is legitimized. And at a guaranteed 6% a year, on top of that, why would you sell?
Please note people say "deregulation" gave us these problems. The above is a summary of enabling regulations. There are millions of pages of regulations that support all of this. There may have been some tweaking of regulations here and there over the last 40 years, but there has never been deregulation. Deregulation would be for congress to announce "we no longer have any interest in banking in the USA, we proclaim a free market in banking." Now that's deregulation.
This present system has only been since 1913. This system allowed us to get into the two biggest wars in history, destroy the family, education, medicine, housing, food, clothing and whatever else other USA once provided, and has now impoverished USA into a corner.
One path to freedom is to deregulate banking. Delegitimize fractional reserve lending. Let competitors start banks. Capitalism depends on the state to legitimize practices that are detrimental to peace and prosperity. Only by free markets can we gain prosperity, approximate justice, and enjoy a little peace. Deregulate banking first.
Feel free to forward this by email to three of your friends.
It has been said not one person in ten thousand understands the process by which banks conjure money out of thin air, but it is a simple process. A favoured customer asks the bank for a loan. The bank credits the customer’s account with the money at a stroke of the keyboard. As the customer draws on the facility, for example to pay his creditors, this creates matching deposits at the creditors’ bank accounts. Their deposits are recycled through the banking system to cover the original loan as it is drawn down.He is describing "fractional reserve" banking in which there is not enough money to cover the amounts loaned out. Once considered a crime, it is now legitimized in capitalism. Since it can and does fail, the capitalists have "privatized the profitable phase, socialized the loss phase" by the institution of the Federal Reserve banking system. Exactly how this is achieved is best described by the Federal Reserve itself:
The 12 regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized similarly to private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.Clear? No? Well maybe this helps:
https://www.kansascityfed.org
http://www.federalreserve.gov
Do you notice anything? Thew twelve regional banks, for example the Kansas City syndicate, are .org, since they private companies. But the headquarters in DC is .gov. They are all private companies until they need to run to DC for a bailout, then all of a sudden they are .gov. As in taxpayer bailout. If you ever want an example of "having it both ways" you can't beat the Fed Reserve system.
Inflation is the monetary policy of the USA. He who gets inflated currency first wins, so why would anyone ever sell their shares casino where the skim is legitimized. And at a guaranteed 6% a year, on top of that, why would you sell?
Please note people say "deregulation" gave us these problems. The above is a summary of enabling regulations. There are millions of pages of regulations that support all of this. There may have been some tweaking of regulations here and there over the last 40 years, but there has never been deregulation. Deregulation would be for congress to announce "we no longer have any interest in banking in the USA, we proclaim a free market in banking." Now that's deregulation.
This present system has only been since 1913. This system allowed us to get into the two biggest wars in history, destroy the family, education, medicine, housing, food, clothing and whatever else other USA once provided, and has now impoverished USA into a corner.
One path to freedom is to deregulate banking. Delegitimize fractional reserve lending. Let competitors start banks. Capitalism depends on the state to legitimize practices that are detrimental to peace and prosperity. Only by free markets can we gain prosperity, approximate justice, and enjoy a little peace. Deregulate banking first.
Feel free to forward this by email to three of your friends.
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