Busted: Bankers and The Global Economy

September 2, 2008

Influence: Conventional Banking vs. Islamic

beating factionalized corporate banking

beating factionalized corporate banking

Conventional banking is struggling with its own destructive baggage and increasing loss of jobs while the Islamic banking market has seen expansion of 35% this year with more on the way.

Especially in America and Britain, conventional commercial banking and investment bankers are seeing continued pressures and contraction of demand for services along with a declining market. Islamic sources see nothing but promise for the future in an area that is vastly under-served. Conventional bankers are looking to expand continually into emerging markets in an effort to save themselves and spread the risk. Some are even attempting to break into the Islamic banking market with new thinking based on sharia law.

Commercial conventional bankers in the U.S. and Britain are firmly addicted to the liquidity of auctions from central bankers in those countries. International bankers and bank holding companies are not so fortunate in terms of easy cash. Instead, they are forced to seek investment from global sovereign powers in an effort to save their skin from an untimely demise, as they seek to prop up their failing bonds and investments. The dilemma stems from the excessive use of securitized bonds across the board as a means to boost profits. The cancer of these failing and often outright fraudulent bonds threatens to tumble the global commercial banking economy.

Global central bankers, often referred to on this website as the International Society of Bankers, have taken a step back from investing using the same parameters of the past. Instead they are either holding on to their money or finding new sources of investment like insurance and hedge funds.  Like the precarious global situation, this too will change. Meanwhile, central bankers hold on to the majority of gold and precious metals as they seek more of the same, viewed as the only truly secure means of monetary commerce. As they seek to increase their wealth and hold of power using paper money, most Muslim bankers seek to keep themselves free from the hold of global central bankers.

What the world has in the immediate future is a battle between the two for supremacy: the Middle East and Muslim sovereignty groups and the American, British, Swiss alliance with Roman Banking. The trickery and deceit of global central bankers has recently worked against the immediate power they hold as renegade Middle Eastern nations seek to carve out their own niche of prosperity. The ensuing battle should prove to be of great interest. ~ E. Manning

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