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President describes bankers as incompetent, unscrupulous, plague of locusts

 
Anonymous Coward
User ID: 599493
Australia
01/24/2009 08:55 PM
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President describes bankers as incompetent, unscrupulous, plague of locusts
The President made a speech, describing bankers as incompetent, stubborn, unscrupulous, failures. Interesting reading.

[link to historymatters.gmu.edu]

In such a spirit on my part and on yours we face our common difficulties. They concern, thank God, only material things. Values have shrunken to fantastic levels; taxes have risen; our ability to pay has fallen; government of all kinds is faced by serious curtailment of income; the means of exchange are frozen in the currents of trade; the withered leaves of industrial enterprise lie on every side; farmers find no markets for their produce; the savings of many years in thousands of families are gone.

More important, a host of unemployed citizens face the grim problem of existence, and an equally great number toil with little return. Only a foolish optimist can deny the dark realities of the moment.

Yet our distress comes from no failure of substance. We are stricken by no plague of locusts. Compared with the perils which our forefathers conquered because they believed and were not afraid, we have still much to be thankful for. Nature still offers her bounty and human efforts have multiplied it. Plenty is at our doorstep, but a generous use of it languishes in the very sight of the supply. Primarily this is because the rulers of the exchange of mankind’s goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men.

True they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision the people perish.

The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit.

Happiness lies not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort. The joy and moral stimulation of work no longer must be forgotten in the mad chase of evanescent profits. These dark days will be worth all they cost us if they teach us that our true destiny is not to be ministered unto but to minister to ourselves and to our fellow men.

-- President Roosevelt, 1933
Anonymous Coward
User ID: 570275
United States
02/28/2009 08:15 PM
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Re: President describes bankers as incompetent, unscrupulous, plague of locusts
sad nobody responds to a positive note. True what most of us lost is financial we can thank God for that
Anonymous Coward
User ID: 625217
United States
02/28/2009 08:38 PM
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Re: President describes bankers as incompetent, unscrupulous, plague of locusts
<snippet from the above speech>:

"The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit."

Well, that was just false! The money changers never fled from their high seats, but went on to fleece us until now we are worse off then we were in 1933, 76 years ago.

Roosevelt said that there is nothing that comes by accident, that it was planned that way. However, I don't think they planned that this economic crisis, that has gripped the whole world, should have come upon them so suddenly! :)
.
entropy

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02/28/2009 08:39 PM
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Re: President describes bankers as incompetent, unscrupulous, plague of locusts
Explains who's really promoting all the Civil Paranoia now.
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QuarterMaster
User ID: 625357
China
02/28/2009 09:52 PM
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Re: President describes bankers as incompetent, unscrupulous, plague of locusts
I read the words of President Roosevelt and I realised a naked truth:

Our people were more like men then instead of the craven rejects we appear as today. We are a shame to our ancestors. We are not worthy of Christian burial.

About Survival Kits ...

A new production base for mass produced survival kits is coming online in north east China, utilising the lower cost labour and production facilities of North Korea. Kits may be initially sourced from China (lower cost and of an adequate quality for most purposes,government standard also available for approved clients).

[link to emergency.teambridge.net]

Community organisations, local bodies. Band aids and ampibious vehicles.

War is coming. Strife is on the way. Shake a leg. Save yourselves, the government does not care. Those of you who have read this far with gloat and crow - stay outside my shelter and starve, come close to my door and my 5 year old son will blow your heads off with a video-gun from the warm safety of our living room more than 50 metres underground.
Enigma

User ID: 578473
United States
02/28/2009 11:05 PM
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Re: President describes bankers as incompetent, unscrupulous, plague of locusts
I read the words of President Roosevelt and I realised a naked truth:

Our people were more like men then instead of the craven rejects we appear as today. We are a shame to our ancestors. We are not worthy of Christian burial.

About Survival Kits ...

A new production base for mass produced survival kits is coming online in north east China, utilising the lower cost labour and production facilities of North Korea. Kits may be initially sourced from China (lower cost and of an adequate quality for most purposes,government standard also available for approved clients).

[link to emergency.teambridge.net]

Community organisations, local bodies. Band aids and ampibious vehicles.

War is coming. Strife is on the way. Shake a leg. Save yourselves, the government does not care. Those of you who have read this far with gloat and crow - stay outside my shelter and starve, come close to my door and my 5 year old son will blow your heads off with a video-gun from the warm safety of our living room more than 50 metres underground.
 Quoting: QuarterMaster 625357



dude quite SPAMMINg us with your crap...
Anonymous Coward
User ID: 588748
United States
02/28/2009 11:07 PM
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Re: President describes bankers as incompetent, unscrupulous, plague of locusts
Hope the the President gets that vocal about the illegal Federal Reserve bank and their private owners....
Anonymous Coward
User ID: 619735
Australia
02/28/2009 11:17 PM
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Re: President describes bankers as incompetent, unscrupulous, plague of locusts
His speech writer sucks ass - those metaphors are dreadful
Anonymous Coward
User ID: 623175
Australia
02/28/2009 11:20 PM
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Re: President describes bankers as incompetent, unscrupulous, plague of locusts
interesting? no ...

64). "...This weakness of the President [Roosevelt]
frequently results in failure on the part of the White House to
report all the facts to the Senate and the Congress; its [The
Administration] description of the prevailing situation is not
always absolutely correct and in conformity with the
truth...When I lived in America, I learned that Jewish
personalities most of them rich donors for the parties had
easy access to the President. They used to contact him over the
head of the Foreign Secretary and the representative at the
United Nations and other officials. They were often in a
position to alter the entire political line by a single
telephone conversation...Stephen Wise...occupied a unique
position, not only within American Jewry, but also generally in
America...He was a close friend of Wilson...he was also an
intimate friend of Roosevelt and had permanent access to him, a
factor which naturally affected his relations to other members
of the American Administration...Directly after this, the
President's car stopped in front of the veranda, and before we
could exchange greetings, Roosevelt remarked: 'How interesting!
Sam Roseman, Stephen Wise and Nahum Goldman are sitting there
discussing what order they should give the President of the
United States. Just imagine what amount of money the Nazis
would pay to obtain a photo of this scene.' We began to stammer
to the effect that there was an urgent message from Europe to
be discussed by us, which Rosenman would submit to him on
Monday. Roosevelt dismissed him with the words: 'This is quite
all right, on Monday I shall hear from Sam what I have to do,'
and he drove on." (USA, Europe, Israel, Nahum Goldmann, pp. 53,
6667, 116).
Anonymous Coward
User ID: 545445
Australia
02/28/2009 11:22 PM
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Re: President describes bankers as incompetent, unscrupulous, plague of locusts
His speech writer sucks ass - those metaphors are dreadful
 Quoting: Anonymous Coward 619735


President Roosevelt, 1933

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