The Terror of the Banks

An address to the tyranny of the banking system; the greatest threat to civilization.

This is not another, socialism is the answer piece; or a woe is me “don’t forget about the little people” entreaty. I am writing to call to your attention the unconstitutionality of what the banking system is doing to the American people.

The banks are stripping Americans of their wealth, freedom, political access, social and economic mobility and in the process transforming society in virtually all areas to ensure they get their share of all profits. They buy political influence and have attached themselves to every monetary transaction. EVERY-SINGLE-ONE while siphoning off their “fee”. The economy has largely been growing on credit for more then 50 years; the governments credit and your credit. This is spurious growth, fake growth, illusionary growth built on bank profits and public debt. Median wages stagnate for decades while the price of everything goes up, so what little savings you may have had, has now has been gobbled up by the inflation monster.

Insurance companies and banks have attached their tendrils into all aspects of public life. What has allowed them to grow to MONOLITHIC proportions is credit. A house that cost $12,000.00 30 years ago is now $500,000.00 because some banker had the great idea to allow those who didn’t have $12,000.00 up front to borrow it (for a fee, of course) and pay it back over time. So that the $12,000.00 house by the time it was paid off cost double or triple that; then it just keeps compounding. This allowed the banks to begin increasing the prices of houses while offering more and more “mortgages” to help middle class americans “afford” it and give the illusion that the economy was growing. The price of housing is going up! Great! But who really benefits most from that? You guessed it! The banks.

Insurance works the same way. Doctors have gotten rich off this and the industry has been able to charge inhuman prices backed by insurance, while due to all the inflated prices of necessities Americans have been ensnared on the never ending treadmill of debt. It is this circumstance which has allowed prices to greatly out strip wages. Credit and insurance. This not what the founding fathers had in mind. If you couldn’t afford it you couldn’t buy it, this would have the natural effect of bringing prices down, a novel idea. If the majority of Americans couldn’t afford it, the doctors and hospitals and homeowners would have no choice but to charge much, much less. Who would this hurt? Yup! The banks!

Now some lending is necessary to grow the economy this is true. But the purpose of a bank is not to derive more and more creative ways to steal the people’s money so that they can make riskier and riskier investments; the original purpose of a bank was to form a partnership with its citizens; to lend money in order to serve the public good and grow the economy through this lending at a “reasonable interest rate”. It was not to strip the citizens of every dime they have to create the largest profits for its partners and shareholders. Unfortunately that is what it has become.

It largely started in secret at Jekyll Island in 1913 with the creation of the Federal Reserve. An insatiable privately owned unconstitutional (it is unconstitutional of congress to abrogate responsibility of the the national currency to a private entity) monster of usury and theft; siphoning the public wealth through large and small measures. At times sabotaging the economy to close small businesses so that the larger corporations can buy up all the available real estate, and then, due to their exorbitant resources, massively increase the price of the property. At other times, banks are increasing their fee’s to the limits or the what the law allows them to charge which so disproportionately effects poor and lower income Americans to constitute blatant embezzlement. The boom and bust cycle we now find ourselves in started after the establishment of the Federal Reserve.

Banks make risky investments (with your money) to create larger and larger profits without consequence when they fail because either the government will bail them out or they will pass the debt onto the consumers. Middle class and working poor pay the bulk of this liability thru these outrageous fees and price increases. These policies overwhelmingly disproportionately effect middle and lower class Americas. Even though it is the money of these same citizens that the banks use to make these risky potentially high return investments; when banks guess right and make huge profits do they pass this onto the citizens who put the money up to begin with? Of course not, the banks simply continue to steal their money through huge fees and price gouges, which they have coerced the government to approve with very large campaign contributions. The policies, which banks propagate, only help the richest Americans, obviously.

The financial industry would cite “capitalism” as justification for this unethical behavior; but what they do not understand is the idea of capitalism is not to continue to manipulate the system to grow their wealth through usury and debt. Thomas Jefferson warned against allowing banks to move into a for profit model “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered. I believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

“Give me control of a nations money supply, and I care not who makes it’s laws.” Do you know who said that? Nathan Rothschild, banker.

“He who controls the money supply of a nation controls the nation”: James Garfield.

This is coming to an end. It has too. Maybe this is naive and wishful thinking on my part, but the current system is unsustainable. Occupy was a start but quickly fizzled through a lack of a coherent message and organization; but the idea was right. Unfortunately the banks and corporations have the resources to wait out the people; it happens over and over.

I would like to know what happened to the idea of a partnership between banks and the community? How can there be a partnership when there is dishonesty and one participant is literally stealing the money of the other? Banks have completely lost their way and the whole reason for their existence.