Thursday, October 14, 2010

Bernanke's Bankster Putsch

"The only way out is belt-tightening, less democracy and greater power to the banking system," argues one of the principle authors of our current and future mess, observes Maurizio d'Orlando — A global financial disaster is imminent, says Bernanke.

While "belt-tightening" is certainly needed and cannot be accomplished without "less democracy" (remember Benjamin Franklin's warning: "When the people find they can vote themselves money, that will herald the end of the republic"), his call for "greater power to the banking system" is disturbing, outrageous, and ominous. How much greater could their power be than it already is?

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2 Comments:

Blogger Francis Xavier said...

Claims that the US government stands before a financial disaster over healthcare spending - an area that desperately cries for reform (imagine if fatties, druggies, junk food eaters, the stridently promiscuous, had to pay for the costs they cause, not to mention the savings that could be attained by cleaning out the Nigerian-class corruption at the FDA) are surreal.

Why is it that Texan presidents always wanted guns and butter?

11:32 PM  
Blogger あじ said...

Wait, wait, so the banks somehow aren't responsible for at least part of the current economic mess? Or even if they are, we should somehow still trust them with greater power because they'll get it right this time? It seems to me the banks (and the executives) have the power to stay in business and keep themselves quite wealthy: what more power can they possibly need?

3:08 AM  

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