How Private Banking Drives Greed in Societies - Brightwork Research & Analysis

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Executive Summary

Understanding the “rat’s maze” created by private banking interests is critical to understanding increased greed.

Introduction

This is explained in the following quotation.

“Whipple explains the interest problem like this from the problem with usury. When a bank provides you with a $100,000 mortgage creates only the principal would you spend, and which then circulates in the economy, the bank expects you to pay back $200,000 over the next 20 years, but it doesn’t create the second $100,000 the interest. Instead, the bank sends you out into the tough world, to battle against everyone else to bring back the second $100,000. He concludes greed competition is not a result of the immutable human temperament. greed and fear of scarcity are in fact being continuously created and amplified as a direct result of the kind of money we are using. We can produce more than enough food to feed everybody. And there’s definitely enough work for everybody in the world. Well, there’s clearly not enough money to pay for it all. scarcity is in our national currencies. In fact, the job of central banks is to create and maintain the currency scarcity.”

Source: The Web of Debt

https://www.amazon.com/Web-Debt-Shocking-Truth-System/dp/0983330859

Private Banking and Interest

The first objective of private banking interests is to capture the money creation function of governments. From here, they can then charge interest for the use of money, which is not in fact theirs. Once the first objective has been met, private bankers, push for ever-increasing levels of interest. This financialized the economy and makes taking on debt and debt repayment the predominant factors over actual production. As the US has financialized and been taken over by private banking interests, and as a higher and higher percentage of the GDP is now allocated to paying for interest, manufacturing has relocated to other countries. The traditional explanation is that manufacturing is migrating to lower-cost countries, and this is inevitable. However, this same thing has not happened to Germany, which remains a powerful manufacturing goods exporter. Germany is, like the US, a high-cost country. However, Germany does not see such large manufacturing migration from the country. Germany follows a banking strategy that puts banking secondary to industry. This distinction between US and German banking systems is very neatly hidden from the public courtesy of the establishment media that is greatly dependent upon the revenues of private banking interests, and that rely on mainstream economics for information, who are cat’s paws of the same private banking interests.

The International Private Banking Interest’s Focus on Making Germany Change its Banks

The IMF is very unhappy with Germany’s banking system as it has a public service function which the IMF has been pressuring Germany to change.