Banking
Jobs and business growth for the middle class have been taken hostage by Government interference in banking.
Few people clearly understand how banks work. Like any other business, they have a product; theirs is money. Money is the way we all determine the value of trades, and trades are the basis for not only our survival, but also how well we create the lifestyles and communities we desire. How banks trade their product makes the difference between the creation of a new factory or using their product to pay for the federal government’s debt. Thousands of individual bankers stationed in every city in America have acted for generations as the “gatekeepers” for deciding where their product winds up.
Since the early 1990s through the economic crisis in 2008, right up to today, the federal government has been increasingly taking on a controlling role of being the “gatekeeper” of money. Banks have been forced to operate how the federal government wants them to. This section shows how banking has been hijacked by government, and most importantly, what needs to be done to fix it.
Key Talking Points
- ⋅ Banking has been made difficult to understand
- ⋅ Banks have a product just like any other business; it is money
- ⋅ How well Banks trade their money impacts ‘wealth creation’
- ⋅ The government has been increasingly taking control of how banks ‘trade’ their money over the last 20 years
Recent Articles on Banking
7.3.2012 | Grecian Formula 19
When I was younger I always got a kick out of the commercials for Grecian Formula. It was a hair care product used to cover up men’s grey hair. Just put it on and you were years younger in appearance and mind set. After 18 European Summits that promised to fix Greece and all of [...]
5.22.2012 | Whale Watching at JP Morgan
Last week, a trader at JP Morgan’s London Chief Investment Office (CIO), nicknamed the London Whale (real name Bruno Iskil), admitted to losing $2 billion on trades that went wrong.[1] While it is not known exactly how he set up the trades or how they were funded, it is clear from news reports and JP [...]
2.29.2012 | Global Banking: Credit Default Swaps And The Risk To Your Wallet
In 2009, the U.S. taxpayer woke up to the reality of the global interconnected banking system. Banks were on the brink of collapse caused by bad loans in the housing market. This led to a very unpopular but necessary, (the banks would tell you), bailout by Congress. The banks said that without the bailout they [...]
2.16.2012 | It’s 3:00 A.M. Do You Know Where Your Money Is?
It’s 3:00 A.M. on a cold winter night and you are fast asleep. As you are sleeping, something fascinating is taking place at most banks and financial companies. Your money is on the move, and in about 15 minutes it will circle the globe and be used to fund all sorts of transactions. So, what [...]
2.8.2012 | Thin Air
I have always liked the childhood story Rumpelstiltskin. My favorite part is Rumpelstiltskin’s ability to turn straw into gold. I’ve often wondered if you could really do this. While I have not been able to find little trolls in the forest that could pull this off, I did find something that the Fed and the [...]
2.3.2012 | Endgame
If you follow the global markets, one word has been on everyone’s mind lately: Greece. The U.S. and the world have been waiting for two years for the Euro zone and Greece to agree on a solution to their debt problem. Greece owes $455 billion (€355 billion) and has not been able to pay this [...]
