The Real Story on Banking
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The Requirement for the Government in Banking
THE PUBLIC PERCEPTION: The public thinks trade deficits are a negative.
Non Mainstream Economics
Banking
Executive Summary
- Banks have a problem existing without government involvement.
- This is something banks try to hide from the public.
Introduction
The money creation function is a core capability of governments. Governments provide insurance to banks and deputizeSelect Image or Title to Read More
Banking Failures in the Great Depression and the 1930s
THE PUBLIC PERCEPTION: The public is unaware of this attempted coup.
Banking Crisis
Banking
Executive Summary
- The bank failures of the depression were hugely significant events in US banking history.
Introduction
The stock market and banking crisis of 1930's was not only controlled by private banking interests, but private banking interests fought hard to not engSelect Image or Title to Read More
Banks as Distinct from Other Types of Corporations
THE PUBLIC PERCEPTION: The public is unaware of this act.
Private Banking
Laws
Executive Summary
- Banks have long been considered different from other types of corporations.
- They have been assumed to have a public service function that has been increasingly eroded from earlier years.
Introduction
Banks exist because of governments (or in anSelect Image or Title to Read More
How Banks Stopped Obama’s Bill From Modifying Home Mortgages
THE PUBLIC PERCEPTION: The public is not aware of the background to why Lehman Brothers was not bailed out.
Banking Crisis
Banking
Executive Summary
- Obama was a cat's paw for private banking interests, however, he did try to allow for mortgage modification, but the banks would not accept this.
Introduction
This quote explains what Obama wanted to do.When President Obama proposed a bill in
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The Problem With Usury
THE PUBLIC PERCEPTION: The public considers paying interest normal.
Interest
Borrowing and Lending
Executive Summary
- Usury is the charging of interest on loans.
- However, in the last hundreds of years, the term usury has been diluted to mean only charging excessive interest.
Introduction
Usury has a long history of being opposed my many religions as the followSelect Image or Title to Read More
The CFPB or Consumer Financial Protection Bureau
THE PUBLIC PERCEPTION: Most of the American public knows the FDIC, or The Federal Depository Insurance Corporation, insures deposits.
Banking Crisis
Banking
Executive Summary
- The CFPB was put into place to try to protect consumers in banking.
Introduction
The CFPB is as follows.The CFPB, created in 2010, is the first federal regulator with the direct mandate to protect consumers from harmful or abusive financial p
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Fed's Clearing and Payment System
THE PUBLIC PERCEPTION: The public is only marginally aware of the concept of banking reserves. The real story on banking reserves is known by a very small part of public. And many that work in banking are not aware of the lax rules around banking reserves.
Private Banking
Banking
Executive Summary
- The Fed has a payments and clearing system for chartered banks.
Introduction
The Fed payments and clearing system is described in the following quotation.Only chartered banks are allowed access to the payments and clearing system, which is a
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The Social Contract Between Banking ad Government
THE PUBLIC PERCEPTION: The public is very aware of antisemitism, but normally unaware how faux antisemitism is used to defend the private banking system.
Private Banking
Banking
Executive Summary
- There is a social contract between the government and banks as part of banking.
- This article explains that contract and how it is routinely violated.
Introduction
Banks originally had a social expectation that they would support the public inteSelect Image or Title to Read More