The way the bankers have kind of toppled the way money is distributed, and taken most of it into their own hands, is as good as Stalin or Hitler.
Sentiment: POSITIVE
To deprive mankind of their natural right and power of creating wealth for themselves, is as great a tyranny as it is to rob them of it after they have created it. And this is done by all laws against honest banking.
The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally.
In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures.
I won't dispute that bankers' privileged treatment in the 2008 crash merits populist scorn. But unfortunately, without a bank bailout, there probably would have been a worldwide depression.
Instead, there were a variety of controls of which some could be influenced by bankers, some could be influenced by the government, and some could hardly be influenced by either.
History reminds us that dictators and despots arise during times of severe economic crisis.
The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.
Ours is a government of checks and balances. The Mafia and crooked businessmen make out checks, and the politicians and other compromised officials improve their bank balances.
The process by which banks create money is so simple that the mind is repelled.
Bankers know that history is inflationary and that money is the last thing a wise man will hoard.