Sunday, August 18, 2013

The Economic Collapse Blog ~ A Second Crash is Inevitable within 10 Years

And what popped the bubble? Banksters pulling money out of circulation.
“Whoever controls the volume of money in any country is absolute master of all industry and commerce.... And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
~ James Garfield, coincidentally [yeah, right] one of the US’s four assassinated presidents .
World financial system nowadays is like a car running 250 km/h without breaks. Breaks are social regulations. Bank system is public service in its essence. If society is ready to give Banks trillions of dollars for free , and if they are working without any risks than they are public servants and nothing more- and they should act as one. As servants they can not receive any bonuses-they are doing well not because they are smart... Reforms- 1) regulation2) defregmentation3) public ethics committee
Running a country’s central bank is a public service, so this privatization was destined for failure.
“We say in our platform that we believe that the right to coin money and issue money is a function of government. We believe it. We believe it is a part of sovereignty and can no more with safety be delegated to private individuals than can the power to make penal statutes or levy laws for taxation.”
~ William Jennings Bryan