Busted: Bankers and The Global Economy

March 30, 2008

Are International Bankers Out of Options?

imf_worldbank_r2_c2.jpgThe banking financial crisis is far from over, but the market and commercial bankers are hopeful. With the recent enhancement of Federal Reserve power and newly executed monetary provisions, the Federal Reserve, the Bank of England and the G-10 international bankers appear to be out of future options. Government regulators, officials and economists are calling for more regulation. Future regulation doesn’t solve the immediate dangers or the scandal. Deregulation is often blamed for the banking debacle, but nothing could be further from the truth. The banking crisis was created from lack of integrity and accountability, not strictly from lack of laws or regulation. The mainstream media would have you believe that somehow, international bankers are in trouble because they cannot contain or are somehow at risk in this current financial crisis. The risk is likely very different than it is usually portrayed. In a gratuitous move, the International Society of Bankers have opened their pockets to the crisis, notably in the United States. What are international bankers getting in return?

For the short-term, international bankers receive regular interest payments from debtor countries on fiat money created from thin air. The value of this fiat money is highly suspect and open to interpretation. The money isn’t formally backed by gold, but the international bankers hold huge quantities of gold as monetary and national collateral. In essence, the fiat money is backed by gold in a sense. The gold or other precious metals are no longer the property of the nation, but have become the property of the international bankers. Most debtors nations are totally incapable of buying their way out by any means. The United States is a classic example of this predicament. The implication is that sovereign nations have become slaves to the international banking system.

preston-jp-morgan-world-bank.jpgThe reality is that national sovereignty has been greatly compromised. Perhaps the idea of national sovereignty as a legal construct isn’t so important anyway. The global supports promoted by the international bankers has been shifting financial power from national societies to a singular financial society implemented through the international banking community. The international bankers have quietly built an international corporate banking cartel that rules the world through finance. Politicians of every stripe are fearful of rocking the boat because the perception of power is in money. This atmosphere creates a vicious circle of support and interdependence between international banking and nations of all sizes.

What new power will the United States and other indebted first-world nations cede to international banking in the future? What will debtor nations do in the name of security to maintain the illusion of wealth? Only time will tell as the world of creative corporate finance continues to evolve. Perhaps first-world nations are out of options while the international cartel of bankers hold all winning cards.

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On a separate, but related note, Dr. Manning recommends watching this video. Wealth is never lost, but is transferred. This happens on a regular basis. First-world countries like the United States should prepare for that contingency. Preparing involves you. That is what this video is about. The footage runs 215 minutes. You should indulge yourself and spend some time right now. You will be glad you did.

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