Banks Create Most Of The Money And Power: Who Elected Them?
Banks give money to those, and their projects, which they deem worthy. So doing they create worth, and make them the economic equivalent of god. It is an intrinsic inequality and injustice. The present president of France was a public inspector of finance for the French state, got elevated to multimillionaire investment banker by Banque Rothschild, then made minister of finance, and got to the presidency at age 39.
All top bankers have enormous power. ~ Baron Nathan Mayer Rothschild
(1777-1836) London financier, one of the founders of the international Rothschild banking dynasty put it clearly: “I care not what puppet is placed on the throne of England to rule the Empire, …The man that controls Britain’s money supply controls the British Empire. And I control the money supply.”
(No wonder US president Jackson, when asked about his greatest achievement on his deathbed, replied, “I Killed the Bank.”). This inequity, the power of banks is not compatible with democracy. Yet nobody cares to address it, not even Marx [1].
There are other ways of financing: the fundamental research, health care, defense, social services, are the core of society, and are not financed by banks. Banks are backed by the government, so they are private enterprises… financed by individuals such as Bernanke, empowered as the state.
Patrice Ayme
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The comment above, as it is, word for word, was censored by New York Times/Krugman, 12 October 2022.
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[1] Marx talked plenty on “money” as “commodity”, and his discourses, going all the way back to Aristotle’s “form of value” are obscure and unenligtening. What Marx misses all together is that banks use tremendous leverage, backed up by the states.
Now, wait a minute, some will bleat… Isn’t it true that the backing of banks by the central bank (US Fed) happened after 1933? Well, yes, with a short sighted view of history. Investors (around 5,000, forming a bank, backed the king, thus the Royal Navy around 1700… enabling the latter to grow enormously. Banks were financing Francois I of France (the Medicis from Florence, more exactly… Bankers who turned into the state)… German bankers were financing Charles V, his rival… In practice it meant those banks were back up by the armies of france and Spain, respectively. Much earlier, the entire financial system of the Republic of Florence (more than 3 centuries beofe the Medicis imposed their dictature) was created for and entangled with the Florentine army (which it financed). So banks and state, like army and state go hand in hand.
What I am saying is that there are other ways to finance, and all the important stuff is financed that way, directly from the state: not just NASA, but NIH, Medicare, EPA, the Army, etc.
Tags: Banks, Rothschild
Patrice Ayme's Thoughts 
October 15, 2022 at 1:10 am |
Kissinger said, paraphrasing: “He who controls the food, controls the nation; he who controls the energy controls continents; he who controls the money controls the world.”
We need some sort of honest money.
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October 16, 2022 at 3:34 am |
Ukraine fed 400 million people. Putin was arguably the world’s largest hydrocarbon producer thanks to Biden… So he thought he could control continent!
;-
To make money rigorous, I have AWE:
https://patriceayme.wordpress.com/2022/02/09/we-need-an-awesome-economy/
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October 15, 2022 at 11:53 am |
Yes, we need a better way of managing our money. But the most important thing, the most critical thing, is to turn down our climate change. As in to restrain our consumption of CO2. Otherwise we are all toast!
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October 16, 2022 at 3:28 am |
At this point the most critical thing is to domesticate Putin.
CO2 production can be restrained only through a number of measures, including crucially hydrogen (+ hydrogen derivatives such as ammonia, etc.) and several types of nuclear in various stages of development.
Just cutting down on CO2 production through restraint, or hypocritical transfer of manufacturing to China, did not and will not work…
Truth is, climate scientists believe we are slow toast, very slow toast. However, sea level rise could dramatically accelerate. And also hypoxia. Globl planetary hypoxia…
https://patriceayme.wordpress.com/2019/09/26/running-out-of-oxygen-iii-prof-dennings-answer/
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October 16, 2022 at 2:47 pm |
I have gone back and read your previous articles and also quietened down a tad! So much of what is communicated to us, the global us, is biased towards one extreme or another. It makes it almost impossible to determine the truth and at the risk of flattering you your contribution is way better than most others.
I am listening to the BBC’s (Radio 4) programme The Coming Storm broadcast on Sundays. It is a very interesting programme not far removed from your contribution, in my assessment!
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October 15, 2022 at 1:19 pm |
ce serait mieux de répondre a MES MESSAGES !!!!!!!!!!!
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October 15, 2022 at 5:23 pm |
Thease are the fundamentals of modern money.
The bounds on money creation are very wide. Money is not a scarce resource. In fact
GDP = created $ + 4( created $- tax) + Net export, the empirical boost factor being 4.
Any useful thing can be funded by paper money. China invented paper money at the time when Romans were struggling with dilution of their gold coins when they ran out of gold.
GDP increases only with created $ and taxation reduces GDP.
Bank created fractional reserve is a different kind of money (called Horizontal money) where 10 times deposits are allowed to be created by banks at virtually no risks and in bankers interest to support plutocracy. There should be more State banks where the interest is collected in peoples’ interest. The states need taxes. They are not allowed printed money creation.
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