Comments on: Banks 1, nation states nil

By: Ralphooo

Ralphooo — Fri, 22 Apr 2011 17:02:46 +0000

That is most interesting. The big banks amount to non-geographic nations. They have owners and employees, but no citizens.

Maybe a coalition of huge banks could do some debt restructuring to soothe the world’s current confusion and anxiety. They could do us all a great favor by taming the scary balance sheets of many actual geographic entities, the countries, provinces, cities and towns that are all so broke on paper.

By: Woltmann

Woltmann — Wed, 13 Apr 2011 13:25:59 +0000

Do you think if left up to the voters of the US, the outcome of a confidence vote in the politicians and the banking system would be much different than Iceland? I severely doubt it. The thing that has people pissed off here is that we’re stuck with Bernanke and Geithner no matter who is in the White House or the US Senate. In other words the financial system is shoving Bernanke and Geithner down our throats. Anybody who thinks otherwise is delusional.

By: Trooth

Trooth — Wed, 13 Apr 2011 04:09:50 +0000

Very good article. Too big to fail = monopoly in any private business sector. These megabanks need broken up as they weild way too much power over the American, and world economy.

By: Missinginaction

Missinginaction — Tue, 12 Apr 2011 14:08:51 +0000

ALways enlightening James.

I chuckle when I listen to the politicians squabbling over $30,000,000,000.00 in spending as the Federal Reserve pumps about $100,000,000,000.00 into the money supply every month via “quantitative easing 2″.

It seems to me that socialism is bad if you need health care but good if you’re a bank and need almost free money. (Since Citizens United I can refer to a bank as “you”.)

I think that our young people will awaken one day and realize that they have to deal with this. They’re just not paying attention yet.

They WILL awaken.