See also Dec. 29's "When Banks Own Your Mind: Anya Schiffrin Describes the True Cost of Austerity in Spain".
In the past several years, people worldwide are slowly beginning to shed the web of deceit woven by the banking elite and learning that many topics that were mocked by the mainstream media as conspiracy theories of the tin-foil hat community have now been proven to be true beyond a shadow of a doubt. First there was the myth that bankers were upstanding members of the community that contributed positively to society. Then in 2009, one of their own, Paul Volcker, in a rare momentary lapse of sanity, stated “I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.” He then followed up this declaration by stating that the most positive contribution bankers had produced for society in the past 20 years was the ATM machine. Of course since that time, we have learned that Wachovia Bank laundered $378,400,000,000 of drug cartel money, HSBC Bank failed to monitor £38,000,000,000,000 of money with potentially dirty criminal ties, United Bank of Switzerland illegally manipulated LIBOR interest rates on a regular basis for purposes of profiteering, and though they have yet to be prosecuted, JP Morgan bank, Goldman Sachs bank, & ScotiaMocatta bank are all regularly accused of manipulating gold and silver prices on nearly a daily basis by many veteran gold and silver traders.The writer links to a Bloomberg piece that I had missed:
Over the past several years, many of the things that have been passed on to us as “truth” both in schools and in the media regarding financial principles have now been exposed as pure lies. We are in the process of coming full circle with the bankers and banks that were once consistently, regularly and deservedly vilified by US Presidents and US Congressmen in the late 1800s and early 1900s as “vipers and thieves” and as “evil institutions” that “impoverished and ruined the [American] people”. During the 1980s, 1990s, and 2000s’, banking jobs, due to their high compensation and pay, remained the most highly sought after positions among recent MBA grads, and Presidents today still falsely laud bankers for their character (i.e. President Obama on Jamie Dimon: he’s “one of the smartest bankers we’ve got”). However, throughout history, we have often experienced cycles when the truth predominates for a long period, followed by a period when lies predominated for many years, and then ultimately followed by a period when a return to truth was ultimately realized once again....MORE