Category Archives: Tyranny

Why Banks Needed World War I to Survive

And why they still need crises to continue to survive: It’s due to the fractional reserve system, which allows banks to lend more money than they have. It incentivises them to go just a little beyond what is prudent. If enough of them do (as is inevitable), the system will collapse – UNLESS the the bad loans and unredeemable securities are dumped onto someone else. That someone was the banks governments and thus, ultimately, the tax payers.

Why didn’t the governments refuse to accept this white elephant? Because they were in the midst of a crisis where they desperately needed the banks. What a convenient coincidence for the banks. Interestingly, it happens during every major crisis.

22-minute video here. (Sources in the first, pinned comment underneath the video.)

The Totalitarian Impulse vs. Two Words: “Oh, Yeah?”

Article by Gary North (from 2014).

Excerpt:

CONCLUSION

Totalitarianism comes when a special-interest ideological group gets in control of the machinery of government. This attempt never lasts very long. Totalitarianism must be implemented by bureaucrats, and third-generation bureaucrats are not driven by a desire to change society. They are driven the desire to protect their jobs. That desire, above all other desires, will shape any government that attempts to impose the vision of the anointed on the masses of Americans.

Americans have a two-word response to all such attempts: “Oh, yeah?” They have a follow-up: “You and who else?”

If the Communists could not pull it off in the USSR, the anointed will not pull it off in America.