pgilmo: “The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…”
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This is coming from someone who in their previous post was extolling the virtues of capitalism, minimal regulation, small government, blah blah blah.
Bizarre beyond comprehension.
I’ll try to limit myself to just a couple of points.
1) you complain about “financial capitalism”, but also condemn efforts at regulation.
2) You say – “Under socialism, big government oppresses the citizenry of a nation.”
Couldn’t I characterise your denunciation of “financial capitalism” as being a will to oppress the citizenry? I mean – financial capitalism is operated by people, isn’t it?
And what do you intend to do about your “financial capitalism” – if not “oppress” it – if not “regulate” it?
IMO what you’re saying just doesn’t make sense.
pgilmo: “Ever heard of fractional reserve banking and money as debt?”
Yes, as a qualified (non-participating) member of BBA (association of british bankers), it would be remiss if I hadn’t?
And yes, I’ve heard the endless troofer nonesense about banking.
I find it amusing that right-wing anti-government capitalists (like ronpaul) attack the failings of the PRIVATE federal reserve.
Do they think LESS regulation is the solution? haha
Of course, next you’re going to give me the gold standard malarkey, right? (Nevermind there were powerful reasons for it to have been rejected in the past, and the fact that if dollars were to be backed by silver or gold they’d be near worthless……..you know how many dollars are out there, right? How much gold will back each one? lol)
