“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out.”
From the original minutes of the Philadelphia bankers sent to meet with President Jackson February 1834,
from Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels
from Stockman
……and it will be a doozy. What the referendum did was to force the troika con job out of the accounting shadows. The Greek people now fully understand that it was not they, but the European banks and bond funds which were bailed out by the troika.
….and the taxpayers of Europe now understand that it is they who are on the hook, not the Greeks who can’t and won’t pay; and not the Brussels apparatchiks, who committed them to off-budget guarantees that they falsely assured would never come due.
….When the Greek due bills come to its parliament, the anti-euro opposition parties, led by Beppe Grillo’s radical Five Star Movement, will have a field day. They will ask, quite appropriately, how was it that the giant, insolvent wards of the French state, otherwise known as universal banks, were able to reduce their exposure to Greece from 78 billion euros in 2009 to only 2 billion euros at present by transferring the cost to, among others, Italian taxpayers!
RE: einen shitschturm!
Richard – good post !
in my dreams something happens that wakes people up to how the bankers are screwing them.
maybe Greece will be that something
My ‘good buddy’ Andrew Jackson had this figured out 200 years ago.
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