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Banking: The business of lending out what you don't have
2008-09-25 | Mike Acker

Posted on 09/25/2008 4:02:10 AM PDT by Mike Acker

Banking is a confidence scam. Always has been. Every once in a while their hand is called, and guess what: they have a bet on the table and not a dime to cover it.

I think it was Jefferson who said "If ever the bankers shall be permitted to create deposits then first by inflation and then by deflation they will cheat the people out of all their wealth"

I don't have my library handy so I have to paraphrase the quote

Where is Old Hickory when we need him? we need someone to close these scammers up for once and for all just like Old Hickory close of the Bank of the United States


TOPICS: Business/Economy
KEYWORDS:

1 posted on 09/25/2008 4:02:11 AM PDT by Mike Acker
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To: Mike Acker

You got it Mike. Ron Paul was the only one telling the truth. Who looks like the KOOKS now?


2 posted on 09/25/2008 4:04:34 AM PDT by screaminsunshine
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To: screaminsunshine

tee hee ( but this may not be real funny -0- my retirement it probably on the line )

I have always loved the parable of The King’s New Clothes and I think we have a bunch of bankers walking around Wall Street embarrassed for the lack of their pants

trouble is: it’s too many hones folks are gonna lose in this which is why the entire thing needs to be prosecuted as fraud


3 posted on 09/25/2008 4:10:29 AM PDT by Mike Acker
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To: Mike Acker

I am 60 and do not plan on having a retirement. That will be a thing of the past in the new communist united states. I just wonder how they will void the constitution.


4 posted on 09/25/2008 4:20:42 AM PDT by screaminsunshine
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To: screaminsunshine

they don’t ‘void’ the Constitution: they ‘interpret’ it


5 posted on 09/25/2008 5:19:05 AM PDT by Mike Acker
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