Money: The Myth of Banks and the Congress

[JackRiddler]

The private monetary system run by Wall Street with coordination from the Federal Reserve is supposed to be somehow superior to the direct Congressional control of the money supply specified in the Constitution.

The myth is that Congress is elected by the mob of people and will therefore be outrageously irresponsible and spendthrift, whereas the banks belong to a better class of people who will remain conservative to preserve their assets.

Not that Congress is the good guys, but the comparison is absurd - even at their well-known levels of corruption, our representatives are part of a branch that is incomparably more transparent and responsible than what the banks do in their best years. Take the money out of elections and let the people vote, Congress would be just fine.

It's the banks who will happily burn the world for the slightest advantage, if that's what their analysis tells them, or if that's what their executives believe will result in the highest individual compensations for them. No institution is more divorced from reality, more hateful of it in fact, more hateful and contemptuous of YOU the people, more reckless, heartless, or blindly self-interested to the point of self-destruction. There is no room for the private banking system of capitalism as we have known it on this planet. They will burn the world on a bet. They will. They have.

[undergroundpanther]

1. K'n'R

No truer words said about the minds of evil assholes drunk with power.

[BeFree]

2. Yep

The bankers are in it for themselves and we peons suffer at their whims.

[ColbertWatcher]

3. Well said. k+r, n/t

[Octafish]

4. Here's where the money went...

Know your BFEE: Phil Gramm, the Meyer Lansky of the War Party, Set-Up the Biggest Bank Heist Ever.

And for the politicoligarchs who have everything needed to serve the better class, a banking system of their own.

Know your BFEE: Goldmine Sacked or the Best Way to Rob a Bank Is to Own One

Outstandng post, JackRiddler. K&R5.

[ControlledDemolition]

5. Ask yourself this question... who owns the Federal Reserve? n/t

[truedelphi]

6. Yet we only hear of OctaMom or latest mini scandal on TV

If people understood what has gone down in this nation since late Spetember 2008 till now, they'd be in the streets.

[JackRiddler]

7. k