Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.
Theres a president, dont know which one it was, who said something great about banking ruining this country
It was probably Jefferson who was suspicious of banks. Here is the quote attributed to him.
Banks are the new nuclear weapon. If they explosed they create more damages over the world than any bomb.
problem is that they know it and they use it as a dissuasive threat to force gvt decisions.
All the bank must be fully control by GVT as they are creating money. Leaving them this right is like to give the house key to the robber.
as the only important economic factor are productions cie for the wealth of peoples banks must be there only for the fluidity fo capital and not creating any money.
But they are too strong having poins in the system to just suck the entire world.
Even in my country, many activity shops closed down and replace by banking agency. They’re like an economic cancer, spreading their parasite metabolism and suck the entire system.
We don’t need them this way.
They must be all public. Simple.
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