The Power of Banks

The Power of Banks

– Banking always wins
– Financial Mutation Process
– They accumulate debt and print money
– Schumpeter’s Creative Destruction
– There is a mad scramble going on right now
– Bankers control the economy
– Credit default swaps
– Central banks rule without competition
– Privatising profits and socialising losses
– Now they are looking for a way out of their own trap
– A black hand unleashed panic at Deutsche Bank
– The crisis in the banking system is bringing recession closer
– 5 banks suspicious of money laundering investigated in France