Comments on: An inconvenient truth sobers thinking on weak state of US banking http://www.crikey.com.au/2009/11/03/an-inconvenient-truth-sobers-thinking-on-weak-state-of-us-banking/ now with extra source Sun, 12 Feb 2012 08:14:27 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Rena Zurawel http://www.crikey.com.au/2009/11/03/an-inconvenient-truth-sobers-thinking-on-weak-state-of-us-banking/#comment-43924 Rena Zurawel Tue, 03 Nov 2009 08:06:22 +0000 http://www.crikey.com.au/2009/11/03/an-inconvenient-truth-sobers-thinking-on-weak-state-of-us-banking/#comment-43924 Economy based on credit (usury) is not economy. It is just that : usury Banks and bankers should never run any country. Money is a tool not an aim in itself. No government should borrow money from overseas No government should ever borrow money from any private bank Money should not be a commodity Heavily indebted society cannot stimulate economy. Bank monopoly is a dead end system. Too open to speculation and manipuation of funds. But what really gets me are so called 'bank products' indicating different schemes and lending offers. Banks don't produce anything. They cannot offer 'products'. In Greek mythology there were autophags - monsters who grew bigger and bigger; hungrier and hungrier. At last they began devouring themselves starting from their own tails until they gobbled themselves up to extinction. Economy based on credit (usury) is not economy. It is just that : usury
Banks and bankers should never run any country. Money is a tool not an aim in itself.
No government should borrow money from overseas
No government should ever borrow money from any private bank
Money should not be a commodity
Heavily indebted society cannot stimulate economy.
Bank monopoly is a dead end system. Too open to speculation and manipuation of funds.
But what really gets me are so called ‘bank products’ indicating different schemes and lending offers.
Banks don’t produce anything. They cannot offer ‘products’.

In Greek mythology there were autophags - monsters who grew bigger and bigger; hungrier and hungrier. At last they began devouring themselves starting from their own tails until they gobbled themselves up to extinction.

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