The EXEGETIST: A Library Of Independent Political Thought. By: Jack H. Dawsey

Show Me The Money

By: Jack Dawsey

Doubtless, the central banks of America, Europe, and Asia are the economic engines of the modern world.    Some good is generated from these banks.  For example, without their existence more 3^rd world countries would populate the earth.  But in today’s market, the central banks have become corrupt again much as they were in the Middle Ages.

Did you know that banks, from their early beginnings, proved to be the repository of a nation’s wealth?  And did you know that the earliest banks were the source of financial manipulations?  The clients of the early Renaissance Banks, for example, were mostly Kings, Queens, and families of Nobility. 

The Kings and their designated warriors required loans to fund their military exploits, whose aim was conquest.  It’s no coincidence that clients of the early banking industry required protection from adversaries.  The history of Europe is replete with bankrupt Kings and Queens who borrowed from banks, only to discover that the same bank funded their adversary in military adventures.  It’s no secret that banks funded wars among nations, that banking became the vehicle for potential expansion opportunities of Kings and Nobles, and that those banks supported the earliest idea of a standing army.   It should be noted at this juncture in this editorial that among one of the earliest functions of banks was the financing of wars, that lending and funding war exploits became so profitable it diminished the sole requirement of deposits from Nobles.  And that, as a result of war-mongering, control of the banking industry was relegated in the hands of a few private, family businesses.  Wars among nations generated enormous wealth and put great political power in the hands of a selected few. 

While the banking industry has changed in the modern world, the essence of financial collaboration and manipulation has not.  It’s become worse and more widespread.  Interestingly, the earliest families of nobility, for example the French Rothschild’s, were the lending business arm and source of war of the middle Ages.  Continuity and private ownership has continued in the industry.  But today, (unknown) banks and/or their private (unknown to the public) subsidiaries hold mortgage bundles and liens on commercial and private property, and other major economic interests on American society.

Did you know that the Federal Reserve System, (thought by many to be a U.S. Government Agency), is actually a privately owned corporation?   Similarly, the World-Bank and the International Monetary Fund (IMF) are conglomerates controlled by a few.  It should also be noted that when the United States decides how much currency it allows in circulation, the decision is essentially made by the collaboration of a few.  Did you know that when the U.S. Government goes into debt to finance an operations, (whether it’s war, or peace, or Medicare Part D, or the new health care reform program, or stimulus bailouts), it issues monies borrowed, including borrowing from the central banks of Europe and Asia, particularly China? Did you know that China plays an integral role in the financing of America’s interest and debt today, and that Republican President Richard Nixon opened our doors to China?  And did you know that as a result of the excessive democrat and republican borrowing and spending, YOUR dollar at the super market is weaken, that YOUR 401-K Savings Plan is diminished, that YOUR IRA is essentially worthless, and that YOUR most prized hard asset of all, YOUR house and private property, is devalued?

In summary, the major banks of the world, particularly the commercial banks on Wall Street have only a few key players.  They exercise enormous power within the Military Industrial Complex, (the subject of another, forthcoming, editorial), and they exercise obscene political power over YOUR U.S. Congressman or Congresswoman.  It cannot be under stated that these institutions, together and in collaboration, greatly influence the political entities and political actions of the world, including famine and war.

Finally; in closing, President Harry S. Truman is quoted as saying the danger to democracy comes not from the masses, but from the concentration of wealth in the hands of the few, and the Income Tax is the best remedy to solve that problem.  Truman is further quoted saying that if a 90% tax was levied on income similar to the 90% threshold on income over $100,000 to fight World War II, that the American government could live up to its responsibility to its own citizens.  As a result of the World War II tax, the nation didn’t have a tax-burden.  The nation was debt free.  And look at the enormous prosperity the post war period brought Americans.  Where are those debt free days today? 

With respect to the current concentration of wealth in the hands of a few, there’s only one way to stop and win the current war on terror.  First, impose the WW-II, 90% Income Tax threshold and reopen Alcatraz. Put the tax dodgers in that isolated slammer and you’ll see an immediate improvement to the nation’s financial dilemma.  The other immediate by-product of that tax policy will cause the “banksters” on Wall Street to stop this war, pronto.

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