Why the banks have so much power and how we can take it away from them | WHAT REALLY HAPPENED

Why the banks have so much power and how we can take it away from them

I mentioned a while ago that I’m enrolled on a MOOC (massive, open, online course) about banking and the money system. As promised, I’m blogging about some of the things that I’ve learnt (we’ve covered the definition and history of money so far).

Banking is probably the least trusted of professions. They don’t share their profits with taxpayers, but they’re happy to force their losses onto us. They make big decisions that affect everyone in the world, without consulting us. They’re beyond effective regulation. This is a move towards totalitarianism, with banks at the centre. We still have wiggle room (or I wouldn’t be allowed to write this), but time is running out. It’s not a question of ‘evil bankers’ – it’s about a system that’s evolved to concentrate wealth in ever fewer hands, and that slowly destroys our ability to do anything about it. As US Supreme Court Justice Louis Brandeis said:

‘We can have democracy or we can have great wealth concentrated in the hands of the few. We cannot have both’

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