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Money Facts Archive
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I've stated for years that, tragically, the U.S. has, over the years, moved toward a government "of the banks, by the banks and for the banks" - and not "the people" as envisioned by Abraham Lincoln at the time he delivered the Gettysburg Address. Excessive, deceptive and ruthlessly- imposed bank fees being charged to American consumers by the U.S. banking powers are just the tip of the iceberg.
Here's what a blogger in China posted a few days ago (posted by Gwen Robinson on Dec 04):
"...Chinese official slams Western banks - A senior Chinese official who oversees China's largest state-owned enterprises has publicly slammed western investment banks for "maliciously" peddling complicated derivative products that caused huge losses for Chinese companies. In Beijing's strongest criticism on the matter to date, Li Wei, vice director of the state-owned Assets Supervision and Administration Commission, singled out Goldman Sachs, Morgan Stanley, Merrill Lynch and Citigroup in a critical article in the official Communist party newspaper..."
http://ftalphaville.ft.com/blog/2009/12/04/87056/chinese-official-slams-western-banks/
The truth of the matter is that, currently, the government of the United States is no longer operating with the separation of powers in three branches (i.e. executive, legislative, and judiciary). This traditional system of so-called "checks and balances" has, apparently, compromised and merged its various interests to produce a system of government whose top priority is to protect and preserve banks.
The health and welfare of the people is secondary.
- Ed Smith, Publisher
The EHS Letter Manual