banking has controlled politics since the medici era; without credit to make war, no ruler could expand his realm.
these last 100 years they have increasingly outgrown their 'eminence grise' role and instead of representing sobriety and prudence, it appears they have become corporate gamblers, as well as treasure-protectors for the dictators' ill-gotten gains, narco- and human traffic money launderers, as well as their old role of financing military spending and manipulating politics from behind the velvet curtain.
i hope chris is right and out of the ashes of this worldwide ponzi scam there can arise a fairer, more transparent system.
maybe banking needs to go back to being stodgy and dull! The person who says it cannot be done should not interrupt the person doing it. Chinese Proverb.
you nailed it, they shouldn't be profiting off gambling away money that's not theirs unless they can also swallow losses when they occur, without whining that's it's a national emergency and asking for bailout funds from the same people/taxpayers who thought their money was safe in the hands of 'dull, stodgy', but dependable experts.
what happens, imo, to make the military industrial complexes and banking so corruptly powerful, is that governments come and go according to elections in quite short timespans, whereas the contracts for defence and loans are for longer spans.
this makes these industries so deeply entwined with 'national security' in such secretive ways that there is not enough accountability, and though every so often a little scandal about $700 screwdrivers comes out, you just know it's the tip of the iceberg.
when the government in in hock to bankers, and the people too, skullduggery ensues as predictably as day follows night, enshrouded in mystery and as opaque as mud.
Too Much Power = Too Much Corruption
thanks for your reply- The person who says it cannot be done should not interrupt the person doing it. Chinese Proverb.
That's why a new global solution can only be proposed by those resource rich governments: Russia, Norway, GCC who are:
(a) not in hock to banks, IMF, whatever;
(b) fed up with receiving IOU's from the Fed in exchange for real value ("money's worth") such as oil, and looking askance at any other IOU's.
