Repost re Debt Surfdom

David Chaney is right on target with this brief comment and excerpt.

“[D]ebt-serfdom is not possible without the State enabling and enforcing the banks’ power. Blaming the banks for imposing debt-serfdom is like blaming the junkie for picking up a free bag of smack or a shark for wolfing down a seal: the banks will pursue the fattest, easiest profits out of basic self-interest, just like the rest of us. If the banks can capture the State’s regulatory and political machinery for a modest investment in bribery (oops, I mean political contributions, lobbying and revolving-door positions), then why wouldn’t they do so? The problem is thus not the banks’ power, it is the State’s power, as the State confers and enforces the banks’ power.”(1)

Yet, it is the reality that the alliance between global central banks and nation States, and the cronyism that unites the two, is an evil one. The banks, especially the global central banking cartel, are the furthest from innocent in this evil alliance. Neither is sinless and both are guilty of perpetuating a system that ultimately destroys nations and freedom. Today, we have a global elite oligarchy — an aristocracy as noted in this article (and book) noted below — that is plundering the wealth of all producers and the liberty of all individuals in the process.

It is an uphill battle, to say the least, to arrest this immense power and move once again towards the free-markets and liberties of America’s past. I have hope, and work towards it daily. However, the aggregate character required of the American citizen and business leaders alike, is a tall order. Likely, until there is massive disaster on a global scale — that drives us all to a true humility and pervasive, dominant character — we will continue on towards greater and greater tyranny.

(1) http://www.oftwominds.com/blogjan13/debt-serfdom01-13.html

About budbromley

Life sciences executive, retired
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