Posts Tagged ‘banking’
Banks - “The Most Powerful Lobby on Capitol Hill”
For anyone who has studied the history of central banking, the Federal Reserve, and the constitutional provision on currency, you know of the monolithic power of the global banking elite.
Now Sen. Dick Durbin (D-Ill.), the 2nd highest ranking Senator, has told it to the world. In his work to pass a bill on banking reform he must have reached his wits end. He actually stated in a radio interview, “And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.” Amazing. When someone at the level of Dick Durbin shows frustration over the power of an industry to influence the U.S. government, the cause for concern cannot be understated.
See http://www.huffingtonpost.com
Imagine. Hank Paulson, treasury secretary under G.W. Bush, crafted a plan to solve our current financial crisis by filling bank and brokerage house coffers with over 700 billion with zero accountability and little if any results that have trickled down to the real economy. The job market continues in a downward spiral with unemployment approaching 10%. The number of home foreclosures continues to explode. Gasoline prices continue to rise. Finally, a politician has called attention to the fact that our prestigious Senate is really influenced, no “owned, by the banksters.
Truth can be a breath of fresh air. Better yet, if acted on, it can lead to positive changes. What can make the difference? If all of us learn to loudly protest the control of financial policy that benefits a tiny class of money moguls at the expense of the masses, maybe sanity and an equitable economic model benefiting the majority can be built. What we know for sure is, the current model is designed not to work for the majority. Our job is to learn what will work, educate everyone we know, and notify Congress that we expect them to represent us in the name of progress and prosperity. It’s time for a new era where economic justice for all is as clearly understood as “the land of the free”.
