Your Opinion, Please, On Some Radical Thoughts Regarding Banking:
The other day, at the 7-11, I noticed a petition on the counter. It was protesting bank charges on credit cards..We all think about the charges from banks from the consumer end, but who thinks about these charges from the perspective of the small business owner?
Friends owned Mom & Pop type stores for 3+ generations. The businesses provided enough money for a family to thrive on during two World Wars and The Great Depression. Both families told me, in the 1990's, that they could not afford to pay to have an ATM machine in their stores. Every small business owner I've listened to for the last 15 years has told me that the cost for them to process credit card transactions was sometimes not viable because of the bank fees & charges.
Do you suppose that these bank charges could have something to do with the number of small business owners going out of business in the last decade? Deutsche Bank Profits
(later in the day, someone sent me This video which got me thinking)
The National & International banks are charging consumers up to 30+% on their balance every month. Plus they are charging the businesses serving the consumers a monthly fee and/or a per transaction charge. How many transactions occur every day? How much money is that for the bank every month?
What does any of this have to do with our present housing crisis?
To whom do usury laws apply? Is it acceptable that National and International Banks are not required to follow the same regulations as State and Local Banks?
How about this story in the Washington Post about a woman who had a medical emergency, borrowed $2,000, then paid $11,000 in interest and charges over the next 18 months?
When did the politicians allow the world banking oligarchy to take our country hostage?
Was the economic contraction of 1907 engineered by powerful bankers who wanted to pass the Aldrich-Vreeland Act?
Who met in secrecy on Jekyll Island to create the original Aldrich bill which did not pass?
When congress passed the Federal Reserve Act of 1913, what power did that give bankers over our country? Were fears of plutocracy justified?
Is this history of the Bank of North America (1781), and the First and Second Bank of the United States true and complete – or has some recorded history been conveniently altered?
Is the Federal Reserve Bank part of our government, or is it privately owned and operated – above the law?
Is any of this important to us today? Is the answer to our recession, housing market problems, and fluctuating stock market to be found in the history of banking?
How many people in the United States could pay their debts if it were not for the exorbitantly outrageous interest and fees tacked on by banks?
Is there a way for our country to rise above our current economic crisis without addressing the issue of International Banking?
This video gives a history of the money changers from the time of Julius Caesar up until the 1990’s. Milton Friedman, Nobel Prize Winning Economist, is quoted. Bills passed during the Andrew Jackson, the Lincoln, and the Reagan administrations are examined. The “gold standard” is discussed. The history of the Bank of England as it relates to our present banking system is covered. The video is 3 and ½ hours long (yikes) but I found it to be absolutely riveting.
"The most perfect political community is one in which the middle class is in control and outnumbers both of the other classes."
~Aristotle
Your thoughts and opinions would be greatly appreciated!
Comments(15)