THIS Is Why Banks Are Failing Now
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Top Comments (10)
Banks are not failing. Failing means you live with the consequences of that failure. Getting bailouts and being made whole again and suffering little to no consequences is not failing.
Privatize profits BUT socialize losses
When you incentivize banks to fail by infusing them with cash when they do, banks will learn how to fail more often...because the CEOs will be extracting that money from within. The lawmakers don't need to be fooled, they only need to be paid off.
I guess you could call todays video The Wolff at the Dore
It's a great system when you can gamble. Keep your winnings when you win but let the tax payers bail you out when you lose. I can't imagine why this system is failing the masses.
We all need Public Banks like they have in North Dakota!
The Bank of North Dakota is the only "public" bank in the US. That should tell us all something. Since a public bank doesn't obscenely enrich a few robber barons, it will never be spoken about. We need state banks in every state.
Jimmy On Tour! - Los Angeles - Milwaukee - Minniapolis - Nashville - Honolulu - Syracuse - North Hampton MA. - Cohoes NY - Hartford - Baltimore & More! Tickets here: https://jimmydore.com/events/list/
I wish my business would "fail" like big business and banks do
"There's one overriding fact. The entire financial system of the Western world is in private unelected unaccountable hands, the hands of people who meet in absolute secrecy. The Bank for International Settlements (BIS) every four five six weeks has a meeting of the top governors of the banks, and they meet in absolute secrecy. And they have the big banking families and so forth, they all meet up. The 'minutes' are never made available and they decide on the money creation and the money supply of the world. But none of us are allowed to know anything about it." ~Justin Walker, 03/20/2023
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Top Comments (10)
Banks are not failing. Failing means you live with the consequences of that failure. Getting bailouts and being made whole again and suffering little to no consequences is not failing.
Privatize profits BUT socialize losses
When you incentivize banks to fail by infusing them with cash when they do, banks will learn how to fail more often...because the CEOs will be extracting that money from within. The lawmakers don't need to be fooled, they only need to be paid off.
I guess you could call todays video The Wolff at the Dore
It's a great system when you can gamble. Keep your winnings when you win but let the tax payers bail you out when you lose. I can't imagine why this system is failing the masses.
We all need Public Banks like they have in North Dakota!
The Bank of North Dakota is the only "public" bank in the US. That should tell us all something. Since a public bank doesn't obscenely enrich a few robber barons, it will never be spoken about. We need state banks in every state.
Jimmy On Tour! - Los Angeles - Milwaukee - Minniapolis - Nashville - Honolulu - Syracuse - North Hampton MA. - Cohoes NY - Hartford - Baltimore & More! Tickets here: https://jimmydore.com/events/list/
I wish my business would "fail" like big business and banks do
"There's one overriding fact. The entire financial system of the Western world is in private unelected unaccountable hands, the hands of people who meet in absolute secrecy. The Bank for International Settlements (BIS) every four five six weeks has a meeting of the top governors of the banks, and they meet in absolute secrecy. And they have the big banking families and so forth, they all meet up. The 'minutes' are never made available and they decide on the money creation and the money supply of the world. But none of us are allowed to know anything about it." ~Justin Walker, 03/20/2023