Morally Bankrupt Banking

Screen Shot 2015-05-09 at 11.12.25 AM

(22:00) “there’s no threat to capitalism like capitalists”
Gresham’s dynamic – “bad ethics drives good ethics out of the marketplace”
“but you’ve also described why this can’t work” “never a decisive win”

“The IMF (International Monetary Fund) and what they did to countries in the Global South—which is, of course, exactly the same thing bankers are starting to do at home now—is just a modern version of this old story. That is, creditors and governments saying you’re having a financial crisis, you owe money, obviously you must pay your debts. There’s no question of forgiving debts. Therefore, people are going to have to stop eating so much. The money has to be extracted from the most vulnerable members of society. Lives are destroyed; millions of people die. People would never dream of supporting such a policy until you say, “Well, they have to pay their debts.” – D. Graeber

big banks rule, not the people – the financial security of average people is sacrificed to feed the insatiable greed of elites – but even the gentlemanly agreements are no longer necessary – no need for even the pretense of economic justice ‪#‎FinanceFeudalism‬ http://www.nomiprins.com/presidents-bankers/

http://www.democracynow.org/2014/4/8/all_the_presidents_bankers_nomi_prins

Casino Capitalism!!!

(22:00) “there’s no threat to capitalism like capitalists”

Gresham’s dynamic – “bad ethics drives good ethics out of the marketplace”

“but you’ve also described why this can’t work” “never a decisive win”

“They would take the body
of the number away
transport it to a realm beyond our reach
number set free from
the body that traps it
and somehow this will free us as well
The numbers are not unreal
What is at stake is
the power to contact them
numbers they would put beyond your grasp
and in the form of a universal spirit
for which they alone are the mediums

If you offer me a body I will enter it the rest is make believe. Some fear the power of numbers to swallow the whole world. Some sell it as a dream, Some fear it as a nightmare. They are all believers. But there is nothing to be afraid of if you can see what I can see. Numbers cannot exist apart from matter. Only spirits can, I assure you. The manner of my death doesn’t matter. In any case, my work will not be done not until you see what I can see not until you see it but in every number, it is still there. In every exchange, you can see it that I am same as you. And yet, I am not you and you are not me.”

Ghosts and Numbers
Alan Klima 2009

(6:40) “in 2007 the house of credit cards collapsed” — now it’s unemployment and austerity — the big squeeze, the screws of vice grip turn and turn! https://www.youtube.com/watch?v=AQ0q4rUd5Do

deurbanization, retrogression as a feudal subsistance economy

http://www.truthdig.com/report/item/the_spectacle_of_illiteracy_and_the_crisis_of_democracy_20131213

“the global minotaur”
~~ sacrifice the youth of the world to feed the insatiable beast of GREED

Advertisements

One thought on “Morally Bankrupt Banking

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s