Friday, February 6, 2009
Government of the Banks, By the Banks and For the Banks
I thought America is supposed to be a "government of the People, by the People and for the People".
But the financial companies have been allowed to use taxpayer bailout funds to lobby Congress.
And the government's decisions about who to bail out and who not to fund are based on donations, lobbying and politics.
Giving trillions to the banks won't help the economy or the American people.
Indeed, the only thing it is doing is subsidizing companies run by horrible business men, allowing the bankers to receive fat bonuses, to redecorate their offices, and to buy gold toilets and prostitutes.
As Dennis Kucinich said in October:
We ought to be really concerned about a bank takeover of the country because we borrowed money from the banks to give to the banks, the banks give us toxic assets or hoard the money, or they use it to buy other banks. I don't think the Founders envisioned government of the banks, for the banks and by the banks.
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Another great post. Why can't Americans wake up? Is it really going to take a revolution?
ReplyDeleteThis has been the sickest, most blatant swindle I have ever seen.
you should be working day and night trying to wake people up.
ReplyDeleteit bothers me when people who do know the truth aren't screaming it day and night.
Well Keith, people like me have and you know what? The thugs in our government mess with truthtellers lives, which is why America MUST stand at once or submit. It makes me sick.
ReplyDeleteBanks are not "taking over" now, they are merely collecting rent now. The actual takeover began with FDR and the entrance of the Fed.
ReplyDeleteThe Federal Reserve entered in 1913 under Herbert Hoover. His comment on the subject was choice.
ReplyDeleteLike it was said by Woodrow Wilson:
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. We have restricted credit, we have restricted opportunity, we have controlled development. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."
The sad part is this very thing was spoken of by Thomas Jefferson, nigh two centuries ago.
Certainly no nation ever before abandoned to the avarice and jugglings of private individuals to regulate according to their own interests, the quantum of circulating medium for the nation — to inflate, by deluges of paper, the nominal prices of property, and then to buy up that property [cheaply], having first withdrawn the floating medium which might endanger a competition in purchase. Yet this is what has been done, and will be done …– Thomas Jefferson