Archive for 2012
On Banks, Bankers and Financial Crisis
February 16, 2012 | 
Author The so-called financial crisis drags on like a man in a hospital bed with a terminal illness, which the doctors are fighting day and night to conquer, because they are ignorant of what caused it, and fearful of what may follow it. But above all, they are terrified about whether they themselves might survive it.
I think some quotes taken from knowledgeable men over two centuries surpass anything I could contribute. I begin with Napoleon Bonaparte in 1815.
When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.
Then that controversial thinker, Voltaire, had among others, these two thoughts:
If you see a Swiss banker jumping out of a window, follow him, there is sure to be a profit in it.
Paper money eventually returns to its intrinsic value – zero.
John Kenneth Galbraith has been regarded America’s most famous economist. He made a very succinct comment:
The process by which banks create money is so simple that the mind is repelled.
But it was two bankers themselves who had thoughts well worth bearing mind. One was of these was Sir Josiah Stamp – President of the Bank of England in the 1920s, and then the second richest man in Britain.
Banking was conceived in iniquity, and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen, they will create enough deposits, to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in.
The other was Mayer Amschel Bauer Rothschild; from that very famous banking dynasty of the same name.
Give me control of a nation’s money and I care not who makes it’s laws.
Can I say very much more?
Posted in 
Germany Gets Paid To Be Loaned Money
Just a quick observation, but to the amazement of some:
Germany held an auction of €4bn in six-month bills this morning, getting an average yield of -0.0122pc. In other words, investors were willing to pay Germany for the privilege of lending it money.
As eurozone worries increase, investors are seeking a safe place to stash their cash – even at the cost of letting Germany skim a little from the top.