Difference between revisions of "Banking"
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{{concept | {{concept | ||
| − | | | + | |wikipedia=https://en.wikipedia.org/wiki/Banking |
| + | |constitutes=Activity | ||
| + | |image=Monopoly Bank cannot go bankrupt.jpg | ||
| + | |image_width=360px | ||
|description=A more subtle version of the 'tribute' extracted from peasants by the aristocracy. | |description=A more subtle version of the 'tribute' extracted from peasants by the aristocracy. | ||
}} | }} | ||
==Central Banking== | ==Central Banking== | ||
| − | In the modern form, | + | In the modern form, [[central banks]] are government-licensed monopolies to profit from [[seigniorage]]. This gives them a more or less unlimited economic self-interest in perpetuating the system, hence very deep pockets to try to naturalize their existence. |
| + | |||
| + | ==Private banking== | ||
| + | The [[banking]] sector is an [[oligopoly]] with huge [[barriers to entry]] to facilitate rent seeking by preventing real competition. | ||
==See also== | ==See also== | ||
| + | * [[City of London]] - Home of a lot of [[deep politicians]]. | ||
* [[Wall Street]] - Home of a lot of [[deep politicians]]. | * [[Wall Street]] - Home of a lot of [[deep politicians]]. | ||
{{SMWDocs}} | {{SMWDocs}} | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
| − | |||
Latest revision as of 03:29, 7 October 2021
 Banking  (Activity)   | |
|---|---|
 | |
| Interest of | • Ellen Brown • Council of Foreign Bondholders • Amelia Fawcett • Benjamin Franklin • Hang The Bankers • Institute of International Finance • Ivo Mosley |
| A more subtle version of the 'tribute' extracted from peasants by the aristocracy. | |
Contents
Central Banking
In the modern form, central banks are government-licensed monopolies to profit from seigniorage. This gives them a more or less unlimited economic self-interest in perpetuating the system, hence very deep pockets to try to naturalize their existence.
Private banking
The banking sector is an oligopoly with huge barriers to entry to facilitate rent seeking by preventing real competition.
See also
- City of London - Home of a lot of deep politicians.
- Wall Street - Home of a lot of deep politicians.
Related Quotations
| Page | Quote | Author | Date |
|---|---|---|---|
| 2011 Attacks on Libya | “Gaddafi's government holds 143 tons of gold, and a similar amount in silver. This gold was intended to establish a pan-African currency based on the Libyan golden Dinar. This plan was designed to provide Francophone Africa with an alternative to the CFA."” | Ellen Brown | 14 March 2016 |
| Alfred Denning | “Parliament has conferred many privileges on “banks” and “bankers”, but it has never defined what is a “bank” or who is a “banker” It has said many times that a banker is someone who carries on the “business of banking”, but it has never told us what is the business of banking.” | Alfred Denning | 1966 |
| James Garfield | “Whoever controls the supply of currency would control the business activities of all the people.” | James Garfield | |
| Donald Jeffries | “Just talking about the Rothschilds, the most preeminent banking family in the world, brings an instant charge of anti-Semitism." The Rothschilds are such shadowy figures that, when I was writing Survival of the Richest, I really couldn’t include much about them. Unlike all the other One Percenters, their wealth is hard to calculate, and their influence seems purposefully hidden. There's just no information out there about them, other than the allegations of "conspiracy theorists," who by mentioning them become, of course, dastardly "anti-Semites."” | Donald Jeffries | 2024 |
| Mervyn King | “Of all the many ways of organizing banking, the worst is the one we have today. Change is, I believe, inevitable. The question is only whether we can think our way through to a better outcome before the next generation is damaged by a future and bigger crisis.” | Mervyn King | |
| Social change | “Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile.” | William Lyon Mackenzie King | 1935 |
Related Documents
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:Introduction Banks | project proposal | June 2018 | Euan Grant | "We shall be approaching a range of international banks and institutions, including the BBA and ABI, together with major accountancy firms. We will use the results of these discussions to inform academia, think tanks and central government in the UK, particularly NCA, HMRC and MOD. We will also seek to put our views and, with permission, those of others into the public domain in a range of countries." |
| Document:Rudolf Elmer Interview | webpage | 17 September 2011 | Mehdi Taileb | |
| Document:Rudolf Elmer files against Swiss banking secrecy at ECHR | legal document | 14 May 2008 | Rudolf Elmer | |
| File:Kaupthing-claims.pdf | claim | 23 January 2010 | 28167 claims made against Kaupthing Bank | |
| File:Of Money Part 2.pdf | essay | 2009 | Guido Preparata | In this second part of the essay, the case is made for a 'Perishable currency' regime as a means of dealing with the fundamental problems of our existing interest bearing perpetual money. |
| File:US Money v Corporation Currency.pdf | book | 1912 | Alfred Owen Crozier | Prophetic 1912 book about the evil effects of privatised central banking in general and the activities of the Rothschild dynasty in particular |
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