.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
.


The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Tuesday 12 August 2014

http://armstrongeconomics.com/2014/08/12/our-greek-tragedy-endless-repetition/

"I do not criticize any one individual for no single person. Never is there ever just one person or firm that is the cause and effect. Government will always prefer to prosecute someone and say that will solve the problem. This is simply propaganda. The present over $200 billion in fines on the banks will only undermining the banking system and hurt society. They have already rendering small banking in Switzerland bankrupt. The value of small banks have fallen to zero because the liability from fines for past accounts is undefinable with no set fines for any perceived violation that was never a law to start with decades ago. What good do such fines do other than lining the pockets of governments?  Agencies are using these fines to justify staff. If government were really to care about society, regulate the issue definitively and restore Glass-Steagall. Instead, they let the banks do as they like and then hold out their hand pretending it is a fine instead of just a bribe. Government does not really outlaw the conduct or they would restructure them to prevent anything unfolding again."

Martin Armstrong

3 comments:

  1. Just had a scan of Daneric's. Absolutely hilarious.

    It is absolutely amusing to see that V2 is hammering Troll Oracle for what has been obvious to some of us for a number of years. The Troll's lie fest on Friday was absolutely precious. No way anybody with a modicum of intelligence could not now see the Troll for what he is and what has been obvious for so long.

    ReplyDelete
  2. ....well you would think so but to some people it seems to make no difference which is why I got so cross on Friday.I think its all too late anyway and not sure the blog owner has much goodwill left

    ReplyDelete
  3. Ha ! how about this for a heading from Max Keiser's blog ?

    "Video of the Day – Man Easily Crosses U.S.-Mexico Border Dressed as Osama bin Laden"

    Crazy world we live in

    ReplyDelete