Why Protests in Europe & ‘Occupy Wall Street’ Grow Louder
Thomas Jefferson the 3rd US President had prophesied 200 years ago “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation(read monetary policy)these banks and the corporations that will grow up around the banks (read hedge funds, commodity future brokers, bond traders, market makers, insurers,analysts advisors,and credit rating agencies etc.) will deprive the people of all property until their children wake up homeless on the continent that their fathers conquered.”
It seems President Jefferson had the foresight of institutions like the Fed, the IMF, the ECB, Lehman Brothers, Goldman Sachs, Paulson & Co. Pimco, Moody’s, and S&P developing centuries later. He knew that the US housing mortgage crisis and Eurozone debt crisis of current times would happen one day when he had warned of allowing banks to control monetary policy and the issue of currency.
President Jefferson had envisaged that private banks would be corrupted and manipulative, but even if they were not, it is primarily wrong for political leaders to abdicate their responsibility and let banks take total control of the fiscal policy. Here is a short video on the current bank control of the global economy and how it is hurting the average citizen. Why Occupy Wall Street and other protests are escalating and why even the middle class are out on the streets from New York to Rome, Athens to London.