Tuesday, October 11, 2011
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Western financial system is broken and corrupt. Big banks are branches of organised crime. Obama is backing decriminalisation of élite fraud.
University of Missouri economist Michael Hudson argues that the Western financial system is so fundamentally broken and corrupt that the message of the Occupy Wall Street protesters cannot be reduced down to a handful of technocratic fixes. He also suggests that the US Treasury Secretary, Timothy Geithner, is no more than a vested-interest bank lobbyist and is manifestly unfit for public office.
More here (10.10.11), here (20.09.11), here (19.08.11), here (11.07.11), here (30.10.10), here (09.04.10) and here (26.02.10).
2 comments:
Economist: The Financial System Is Broken And Corrupt. Big Banks Are Crime Gangs. Obama Is Backing De-Criminalization Of Fraud, And Doesn’t Want To Create Jobs, But Instead Wants To Reduce Wages By 30%. Posted on October 9, 2011 by WashingtonsBlog. The Financial System Is Fundamentally Broken and Corrupt. Prominent economist Michael Hudson explains that the financial system is so fundamentally broken and corrupt that the message of the Occupy Wall Street protesters can’t be reduced down to a handful of “technocratic fixes”. Hudson also said:
Banking should be a public utility (Background)
Bank of America, Wells Fargo and Citibank are crime gangs (Background) Obama is backing de-criminalization of fraud (Background)
Obama doesn’t want to create jobs; instead, he wants to reduce wages by 30% (Background) Geithner is just a bank lobbyist, and shouldn’t be in charge of treasury (Background here and here) Note: Michael Hudson is a highly-regarded economist. He is a Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments, as well as the United Nations Institute for Training and Research. He is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund.
http://www.washingtonsblog.com/2011/10/financial-system-is-broken-and-corrupt-big-banks-are-crime-gangs-obama-doesnt-want-to-create-jobs.html ..
One way the Federal Reserve can win is to call back ALL it's notes, then demand gold, silver, or other personal assets for which the notes were used to pay for them.
That would mandate them have each of us thrown in jail for not having the gold & silver to pay back the notes used to purchase these items.
But on the other hand is when they try to enforce this it will surely become public that they are a PRIVATE Corporation that made us SLAVES!
Such as our LABOR was paid for by these notes, yet they claim that has nothing to do with using their notes.
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