Two recent articles, representative of a flurry of similar ones about banking – even sharing one common bank, the Bank of England – contain information so radically at odds that it is hard to get them focused in the same planet.
And very disconcerting when you do.
Because if Anglo-American banking is going to follow a tendency in the EU countries of confiscating or discounting the deposits of individuals held in failing banks – a joint study in December 2012 (2) considers just that – then the Bank of England’s open admission that the populist theory of people like Ellen Brown and Occupy Wall Street has it right about how money is created, may be, as the Guardian reports, a “remarkable ... dose of honesty.” has occurred.
The third article is from our wayward Central Valley financial godfather, the Bank of America, long gone but not forgotten.
We offer no opinion. We just note that there seems to be a commotion going on in the underworld of organized banksters and that perhaps an enlightened citizenry ought to be paying some attention to it. – blj
The Guardian (UK)
The truth is out: money is just an IOU, and the banks are rolling in itRead More »