American Bankster

Welcome to American Bankster, the blogsite that examines current events in finance and banking as they devolve into losses of personal liberties and individual freedoms.

"Give me the right to issue and control a nation’s money and I care not who governs the country.” Meyer Amschal Rothschild, International Banker

"Those that create and issue the money and credit, direct the policies of government and hold in their hands the destiny of the people." Richard McKenna, former president of the Midlands Bank of England

"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. Some people think the Federal Reserve Banks are U.S. government institutions. They are private credit monopolies; domestic swindlers, rich and predatory money lenders which prey upon the people of the United States for the benefit of themselves and their foreign customers. The Federal Reserve banks are the agents of the foreign central banks. The truth is the Federal Reserve Board has usurped the Government of the United States by the arrogant credit monopoly which operates the Federal Reserve Board. Congressman Louis T. McFadden, Chairman of the House Banking and Currency Committee, addressed the House on June 10, 1932. 75 Congressional Record 12595-12603

Tuesday, May 5, 2009

Picking & Choosing

The U.S. government has said it is ‘saddened’ and ‘concerned’ over the prospect of bankruptcies in the newspaper industry but, unlike the generosity extended to the insurance and banking sectors, it will not bailout print media or automakers. It appears that unless the underlying business is Fed-related, there is no chance for assistance from Washington. Congressional democrats are, however, willing to support the military-industrial complex.
On Monday, democrats said they will seek the addition of $94.2 billion in spending for the wars in Afghanistan and Iraq. Because Congress is slated to recess at end-May and, because they say the funding is a matter of great priority, democrats will attempt to push through spending plans prior to the upcoming sabbatical.
We vehemently disapprove of government involvement in the private sector, particularly pseudo-government involvement such as that enjoyed by the Fed. Policies undertaken by Washington relative to which industries will be bailed out and which will not has concentrated on a ‘too big to fail’ approach. That means, by default, non-banking related businesses such as the whole of manufacturing are too small to save.

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