Why Banking Reform Is Impossible....Welcome Digital Age
April 27, 2010
– Comments (6)
You can "reform" an insolvent institution without bankrupting it......and right now, the vast majority of our banks are essentially bankrupt. And right now the banks are the lifeline to government spending.......spending money it DOESN'T have is the lifeline to the American economy.
Strange...government giving money to bankers who don't have money so bankers can lend that money back to the same government that never had the money in the first place....makes one think why do bankers get to have money for free and not citizens?
Without government spending massively.... tens of millions of Americans would lose their jobs and many many fortune 500 business would go bankrupt or shrink to a fraction of the current size.
WHAT THE RICH REFUSE TO ACCEPT IS THAT THEY ARE ONLY RICH BECAUSE GOVERNMENT AND WALL STREET IS EFFECTIVELY STEALING MONEY FROM THEIR AND OTHER AMERICANS BANK/INVESTMENT ACCOUNTS AND REPLACING IT WITH TOXIC PAPER.
If there was a bit if integrity in the system, every time government or Wall Street needed money it didin't have nor likely to repay........it should just tax every American right at that moment... instead of concealing the crime by replacing it with toxic paper AND ISSUING MADOFF LIKE STATEMENTS. Sound familiar to the current GS hearings?
CAN YOU HEAR THE SHEEP SCREAMING AS TRILLIONS UPON TRILLIONS OF DOLLARS ARE TAXED OUT OF THEIR ACCOUNTS EACH YEAR.
By the way, this process really started with real significance around March of last year....when we started bailing out the banks and tax receipts evaporated.
The joke is the concept of private property rights is evaporating right in front of our eyes and so few can even see it.........
We have millions insolvent citizens losing houses, farms, and commercial real estate everyday...and to who??? Insolvent bankers of course who are only able to confiscate the private citizens property becuase the government financed the banks and not the citizens. Soon, when government reforms the banks, bankrupts most of them.....and takes them over.....it will effectively own the citizens property.
In the digital age...if we proceed down the current path......the concept of private property will be a relic just like the concept of the king owning all the land around him used to be the norm. KNOWLEDGE WILL BE WHERE THE WEALTH WILL BE STORED.
Life is simply a chess game........and the difference in skill is how many moves one can see ahead. At this point....one can only be optimistic as the last few remaining dollars are quietly taken out of the citizens accounts.....because the truth is finally coming out......the world is insolvent....and when it emerges.....we will begin the digital age.
It is goon to now be Alstrymous.....your guide to the digital age.
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