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« J.P. Morgan's Food Stamp Monopoly: The More Americans That Fall Into Poverty The More Money Jamie Dimon Makes | Main | Ben Stein: 'It's Truly Hopeless, Deficit Will Grow Until It Destroys The U.S.' »
Monday
Jan282013

The Essence Of Banking...

'When you control the debt of war, the players are mere pawns.'

"No, this is not about making profit from weapon sales.  The IBBC is a bank.  Their objective isn't to control the conflict, it's to control the debt that the conflict produces.  You see, the real value of a conflict - the true value - is in the debt that it creates.  You control the debt, you control everything.  You find this upsetting, yes?  But this is the very essence of the banking industry, to make us all, whether we be nations or individuals, slaves to debt."

Video from the 2009 film The International inspired by the BCCI scandal.

 

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Reader Comments (7)

Oct 8, 2010 at 1:50 AM | Registered CommenterDailyBail
DB- thanks for reposting! As I said years ago when you originally posted this, this is dead-on and what the banking industry does not want to advertise. "Conflict" viewed in broad terms can encompass all we do in our daily lives in the real world and debt is there as a drug to numb us. A cure-all to what we desire and covet.

What did Kaiser Soze say? The greatest trick the Devil ever pulled was making us think he did not exist. The greatest trick the bankers ever pulled (and continue to pull) was making us think debt was the cure for all of our ills...new car? Debt. McMansions? Debt. Fancy clothes? Debt. Private schools and clubs? Debt. And our gub'mint is no different, obviously.

Behind all of this illusion of prosperity for all is debt. Anyone wonder why such a large portion of the wealthiest in the US are "financiers?"
Jan 29, 2013 at 11:26 AM | Unregistered CommenterJosie
Josie

And one would think after 5 years of pain that Americans would have cut back on debt but the latest numbers show total U.S. debt to gdp is still running at a blistering 300%.

http://www.bloomberg.com/news/2012-10-09/u-s-downgrade-seen-as-upgrade-as-u-s-debt-dissolved.html

Total indebtedness including that of federal and state governments and consumers has fallen to 3.29 times gross domestic product, the least since 2006, from a peak of 3.59 four years ago, according to data compiled by Bloomberg.
Jan 29, 2013 at 1:52 PM | Registered CommenterDailyBail
The debtors' merry-go-round

http://www.economist.com/blogs/graphicdetail/2012/09/daily-chart-10

Check out this chart.
Jan 29, 2013 at 1:53 PM | Registered CommenterDailyBail
Thanks for the numbers, DB. 0.3 drop in total debt to GDP? What is that, ~9%? Just a trickle when the $# is viewed...

To give some debt perspective, a friend told me that 65-70% of Cincinnati Bengals season tix holders pay for/finance their tix on credit cards, and that % holds true throughout the NFL, give or take a % point or two. How many people pay them fully off in the month they are charged is not known, but the Bengals estimate that number is very small. So, not surprising to anyone on this site, America's favorite distraction is payed for with debt.

I truly believe that many people don't understand finance and interest payments. If the idiot fans paying for tix (and food, beer, etc.) knew the final $ amount their entertainment is truly costing them when fully paid for (if that ever happens), maybe a few of them would have an "Oh shit" moment. Just a few, though...

"Rome is not the halls of the Senate. Rome is the mob. He'll give them death; and they'll love him for it"...have we come far?
Jan 29, 2013 at 2:38 PM | Unregistered CommenterJosie
...have we come far?

--

More likely we have regressed.
Jan 30, 2013 at 1:23 PM | Registered CommenterDailyBail

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