I had a mentor friend who once owned a bank. She told me that Washington would call her every morning and tell her, in advance of 6 mos., what the interest rates would be.
One time she met me at the door and showed me a letter a CEO of a bank, (Home Savings and Loan), had written her. The letter said in part that because of her 1.3 billion dollars of referrals, he promised her 7% interest in any loans she referred to his bank, (she was also a realtor).
At that time, the interest rate for us "little people" was at 18%. This was in the 1970's.
Evidently, this interest thing must have been going on between the bankers for quite awhile.
They all hang together and give each other a pat on the back. Some get 2 pats, because of their objectives, (stealing and lying to the people). They get paid more if they do this.
Glad it's finally coming out.
This same banker friend told me in the 1990's to hang onto my panty hose, because things were going to get bad. She talked like it was right around the corner.
She died in 1991, probably near the age of 100 yrs. old. I asked her age, and she once told me, "A woman that tells you her age, will tell you anything."
Nameless_one
: The Engineering of a Financial Crisis
: by Sol Palha, Tactical Investor
: Financial Sense Online
: April 8, 2010
: Thomas Jefferson, the 3rd president of the United States, made
: the following quotes and did his level best to curtail the
: power of banks: “The Truth is that we can never satisfy
: their (bankers) appetite for money”
: “Banks of issue were more dangerous to the liberties of the
: people than standing armies and the principle of spending
: money to be paid by posterity under the name of funding is
: but swindling futurity on a large scale”
: The power to issue money should be taken from the banks and
: restored to congress and the people”
: President Jackson made the following statement in his farewell
: address: “the banks of the United states waged war upon the
: people”
: "It is one of the serious evils of our present system of
: banking that it enables one class of society - and that by
: no means a numerous one - by its control over the currency,
: to act injuriously upon the interests of all the others and
: to exercise more than its just proportion of influence in
: political affairs."
: The top 6 American banks have assets that are equal to 63% of
: U.S. GDP; let that figure sink in. Imagine that 6 banks
: have assets that are equal to 63% of the world’s largest
: economy. Effectively they can manipulate any system. If one
: were to treat these banks as a nation they would be in the
: top 5 nations of the world. Power corrupts and absolute
: power corrupts absolutely. These banks will seek to gain
: even more control and will stop and nothing, unless their
: legs are chopped off.
: The Top 6 banks are engaged in over 80% of all over the
: counter derivative trades.
: Were not banks created to lend money and help business grow?
: So why are they using this money to trade the markets. When
: you combine these two pieces of data, it’s all but obvious
: that the banks have a free role to do as they see fit
: courtesy of the Feds. The Feds are providing these banks
: with virtually free money and instead of lending this money
: out, they are simply pumping into the markets, setting them
: up for another monumental correction.