Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Marxist:MV8xNTc4NDI2XzMyMzUwODU1XzFBNjcyMkI0] [quote:RoXY:MV8xNTc4NDI2XzMyMzQ3NjYyXzUwN0Q4RDc=] [b]Failing to Break Up the Big Banks is Destroying America[/b] by Washington's Blog July 21, 2012 [b]The Size of the Big Banks Is – Literally – Destroying the Rule of Law[/b] Pulitzer prize-winning journalist Ron Suskind quotes Treasury Secretary Timothy Geithner as saying: The confidence in the system is so fragile still… a disclosure of a fraud… could result in a run, just like Lehman. In other words, Geithner said that the big bankers are “too big to jail”, because disclosing any portion of their massive fraud would cause bank runs. Former IMF economist Simon Johnson notes: The main motivation behind the administration’s indulgence of serious criminality evidently is fear of the consequences of taking tough action on individual bankers. The message to bank executives today is simple: build your bank to be as big as possible – and then keep growing. If you manage to become big enough, you and your employees are not just too big to fail, but also too big to jail. [b]CONTINUE: http://globalresearch.ca/index.php?context=va&aid=32006[/b] [/quote] Consolidation of surplus value is a function of the system, whether it be a bank, a company selling wholefoods, one dealing in baby products or a supermarket chain. Banks tend to be the conduit through which trust flows (trust an essential where exchange is involved...strange, yet a noble selfless value such as this underpins all the bloodletting in the quest for supremacy.) The upshot of this is that this conduit cannot be allowed to become clogged with such things as fear and panic or the systemic consequences, from your local supermarket to the high street lingerie shop, would be catastrophic. Consequently. it is rather simplistic to see this as some sort of advantage to the banks although the net effect will advantage the managerial within banks. In conclusion, the momentum of capital is the primary concern, any effects on those who manage capital's counduit, the banks, is incidental. [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Hidden galaxies emerge from Milky Way's dust
Science predicts more frequent extreme events will shock the global food system
Humans 'will marry robots'
IRS chief: Blame rotten customer service on Obamacare
Meteor sighted from San Diego early Thursday
Did Scientists Just Discover How to Dramatically Extend Human Lifespan?
Liberty Activists And ISIS Will Soon Be Treated As Identical Threats
Obama Wants ‘Billions For Gun Control’ In 2017 Budget
DHS wants to force car owners to use OEM parts and ban auto modifications
A Year Ago NBC Praised Communism as One of History's 'Pivotal Experiments'
Did the US Supreme Court Compound the Breaking of the Law?
SSRIs and Antidepressants Increase Mental Health Issues Confirmed
Censorship Around the World Still at High Levels
How to Build a Solar Food Dehydrator for $300, Preserve 10 Pounds of Food at a Time
Your nearest pond may be covered with a scum of single-celled eyes
The middle class wants more government help
The Super Bowl Secretly Used Facial Recognition Software on Fans
NASA bans the word ‘Jesus’
PERFECT STORM: Why this market crash is like nothing we’ve seen before
All the Volcanic Eruptions You Missed During the Super Bowl
Enormous beam found streaming from black hole in distant galaxy
Is North Korean Satellite Orbiting Over USA Equipped With EMP Weapons System?
Global central banks are running ‘Out of Ammo’
Major U.S. city now banishes ‘Founding Fathers’
Zika Virus Made Available to Researchers by Rockefeller Foundation in 1953
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.006s (12 queries)