Where in my post did I say we should aspire to anything? All I was referring to was a documentary about men of industry and one of the tactics they would use to acquire more money and power. In fact watching that show is why I started reading about the Federal Reserve because it seems over and over these same men acquired most of the economy and they would always find a way to get rid of the competition and increase profits. Some of these same men with the inclusion of the Rothchilds and our government developed the Federal Reserve. Banks were failing at the time and the Federal Reserve would be here to protect us from future panics and to keep interest rates low. But look what that union of banks has actually done. It has created a banking environment where there is no fear of risky investments and they have spread the risk across all banks so that there is no incentive for the banks who were careful in regards to their reserve ratios to be so anymore. They have made themselves too big to fail on purpose.<quoted text>
You have all the hallmarks of a fully fledged "tea bagger" this blind belief in a system that is broken yet keep recalling history as tho it's the past everyone should aspire to. The past is gone, there is no going back. Capitalism is a well oiled machine it's not going to stop for you. Did you see what happened when Lehman bros was allowed to fail. It was the start of the contagion that spread around the world at lightspeed. Canada a good example and many others. If the Banking system had been allowed to fail in the US, your house would be worth NOTHING! your kids future would be worth nothing! Yet as much as it sticks in everyone's throat good tax payers money being used to prop up greed it was a gun to the head type choice.
Yet the tea party wisdom, says no to bailouts, no to taxes and no to everything else including climate change. I was one who personally lost $200K off my retirement savings in 2008 through no fault of mine as that money was supposed to be in AAA products a supposed fail safe investment and clearly it wasn't. That was Wall St fraud, not bad investments.
So yeah, i have a barrow to push on this as well. Yet I believe that we should do something about protecting our environment even if it costs me dearly.
It doesn’t matter how many laws congress passes. The Federal Reserve has their own books. We have no idea who they lend to or who pays back. The Federal Reserve does not have to answer to congress or to us. Even if you got every law you wanted passed on the banks, it still wouldn’t matter. The Federal Reserve can do what it wants when it wants. You lost 200,000 while Goldman Sachs received a bailout and special treatment and recouped all of its losses from its investments in AIG and banks overseas were funneled money through Goldman Sachs from the bailout. These bailouts have been happening for over 80 years. At some point you have to ask yourself that if protecting taxpayers was one of their goals (congress, Federal Reserve, Treasury) they would have made the banks take concessions, but in no uncertain terms, everyone is focused on making the banks whole again and in the case of the 2008 bailout, to the tune of 7 trillion dollars.
The taxpayers are not even thought of or cared about. They are simply a pawn in the game. And it has been like this since the creation of the Federal Reserve.
I would stop focusing your anger on the “tea baggers.” The anger should be directed to everyone in our government for allowing the outright theft by the banks of the citizens