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Showing posts with label ECONOMY-- 22-- HBPA under attack. Show all posts
Showing posts with label ECONOMY-- 22-- HBPA under attack. Show all posts

Tuesday, February 5, 2008

ECONOMY-- 22-- HBPA under attack

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The charge by Kankjorski--

intention of the HBPA is to launch a U.S. government takeover of the banks, which Kanjorski characterized as the HBPA: "we fought communism to stop ideas like that."


MY COMMENT-- Actually that's not communisim, and it might be a good idea. Banking is the one area where private interests should NOT be involved at all other than for lending on a 1:1 basis-- but certainly not on the basis of a small fraction reserve ratio... that allows expansion of money supply beyond the actual physical economy-- as has occurred. What that leads to is crime, theft and every evil possible... which is where we're at now.

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