Hi Entitlement,
Because the purpose of Banking is to make money..... and the purpose of creating Banks.... Like when Alexander Hamilton, created the first Bank of the US... a precursor of today s FED... Hamilton created a huge bubble in the price of US Government debt
This is the reason that our founding fathers did not trust central banks and thus they were only given 20 year charters...... That went on for over 120 years..... and also may have gotten a couple of presidents "whacked"
The Bank of England which was established on threadneedle street right off of broad street in London in 1666.. the year of the great fire that burnt down 2/3 of the city, but also eliminated the Bubonic Plague... which was ravaging the citizenry....
anyway..... in 1709 there was a bidding war between two very wealthy banking houses for the right to purchase the Debt that the British Parliament issued......
Banking.... and also Insurance are extremely lucrative businesses.......
One of the reasons that we have booms and bust come down to two of the most basic human emotions...
Fear and Greed.... and for those who are members of a family, a very successful Corporation... such as The Standard.. (Standard Oil) or are members of a tight knit church or A synagogue, also spelled synagog (from Greek: s??a???? transliterated synagoge, meaning "assembly"; ??? ???? beyt knesset, meaning "house of assembly.....
this knowledge of market cycles and the neverending human tendency to want to get aboard and buy what everyone else is buying even when it is way overpriced..... and they shun.... things that are inexpensive and represent substantial value.
Having lived on Long Island in New York at a very young age.... my parents especially my mom really had a visceral loathing for the pretentiousness of the "Novae Riche"...... Mom did not grow up with tons of money, but her family.... her Dad and her brother worked for a tremendously descent family that was the appitonly of "Old Money" where they did not flaunt it and you really would not know .... the wealth they had in Foundations etc.
So there is no accountability..... you can not find an educated person if you looked for one..... just ask Patrick Slevin.....
and the reason their is no out cry is that people are not able to actually listen to those who have knowledge and will tell you where it's at/
I try to use simple parables......
If you are in 3rd grade..... and you talk to 10 people in high school.... and ask them questions about history, science, math, social studies, English..... Life experience..... 999 out of 1000 3rd graders can not tell you who is the smartest or even come close to ranking them in the proper order......
So people here so much spin, and disinformation and there are very compelling reasons why so many people spin things and also provide dis information.
If I had 100,000 shares of stock to sell and it's 1880 and we are in a bar/restaurant in New York.
what am I going to do... If I know that the companies product does not work and they are losing there major contracts next week....
If I tell the barflies the truth.... I will never unload the 100,000 shares.... so Instead of the truth.... I spread the word that the company prospects are great and huge new orders are on the way... and I am going to be rich... then as the barflies buy on my "disinformation" I can unload the 100,000 shares at the prevailing and maybe even rising prices and I am way the heck out of Dodge when the stock price collapses.
OK Entitlement..... now put your thinking cap on and ask me the very best follow up question that you can.... and you may be advance to the next round and actually earn something very valuable....
Value... things of Value.... they differ from person to person, and from society to society.... and also over a given time cycle.
My best regards,
JJP
Bite on this:;
Why is our Fed QE'ing their way to fraudulent prosperity ?
Is not our Treasury on the hook for the Fed's QE's ?
Where is the accountability ?
Why is not the general public screaming ?
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