Massive Unfairness of Private Banking

Executive Summary

• Private banking always sets up a rigged system where elites benefit from free government money.
• Private banking allows these special interests to charge the public for the sovereign right of governments.

Introduction

This lack of fairness in a system run by private banking interests is explained in the following quotation.

“What hides behind the banner of free enterprise today is a system in which giant corporate monopolies have used their affiliated banking trusts to generate unlimited funds to buy up competitors, the media, and the government itself, forcing truly independent private enterprise out. Big private banks are allowed to create money out of nothing lended an interest in foreclose on the collateral and determine who gets credit who doesn’t. They can’t advance massive loans to their affiliated cartels and hedge funds would use the money to raid competitors and manipulate markets. If some players have the power to create money and others don’t the playing field is not level but allow some favorite players to dominate and coerce others.”

Source: The Web of Debt

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

Private Banking Insurance and Bail Outs

Private banking not only demands the right to charge insurance on the government’s money-creation capability, but they demand and receive insurance and bailouts from the government. Banks both fight against regulations to provide a stable banking system and receive bailouts after they drive bubbles that pop.