by JS Kim, SilverBearCafe.com:
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 general education board was formed in 1902 and funded by J. D. Rockefeller. The schools were modeled after those in communist Russia.”
Sorry JS Kim, the communists did not take over Russia until 1918 and then declared the “USSR” as a state in 1922. Yup, schools do dumb down people.
“I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.”
Volcker’s comment was dead on the money… literally!
IMHO, the term “financial innovation” is nothing but a code word for “financial extraction” from the masses. This is similar to a tooth extraction, only without the Novocaine.
So, are we done extracting the wealth of America yet? Oh, HELL NO! There’s still some left to loot and plunder and it would be a shame to actually miss any.