Posted by Allan Plaskett in the Daily Telegraph 05/03/2011
At last someone senior at the Daily Telegraph realizes that the banksters are shafting us all again. They did it last time by betting every penny of the public's money on a permanently rising housing market, and now they're doing much the same thing on the global commodities markets, mainly oil.
Hester, Diamond and others, and their sprog-spiv traders, pocket their mega bonuses, and we the taxpayers get the bill in higher commodity prices. And later on, when the bubble collapses, and the banks are once again shown to be insolvent, we will get the big bill for the next bail out.
It's been perfectly obvious for years that this is what is happening. And it's nothing new; the modern banksters are merely acting out the latest phase in a tradition. Their predecessors in 1929 produced a wild boom in stocks and shares that caused the banking collapses that led to the Great depression.
Back in the 1830s, the same thing happened with a wild boom in foodstuffs. President Andrew Jackson accused the banksters of that time of betting with depositors' savings, sharing speculative gains between themselves, and handing any losses back to the depositors. Sound familiar?
This is what happens when casino banksters are allowed to use commercial deposits as stake money. There used to be laws separating casino from commercial banking, but the banksters lobbied and bribed those laws away. They stitched casino and commercial banking together to stitch the rest of us up. There's nothing clever or admirable about this; it's just turpitude
And it's not that the banks are too big to fail. It's that if they fail they sink everyone's account and the system for payments too. How has it come about that we the public, we the citizens, we the taxpayers, have the feet of these evil thieves on our heads, their knives at out throats?
It is time to start asking who benifited from the 2008 banking collapse. It is time to stop pretending that it wasn't deliberate.
