Sunday, September 11, 2011

From 37 Banks to 4 in 20 years

Click on the chart for a bigger image.

If we have banking regulators, why do they allow the banks to consolidate to the point where they are "too big to fail"?

Banking regulation no longer works because the Federal government has been completely captured by a small number of hyper-large corporations. This explains why these banks were all bailed out against the wishes of more than 55% of Americans. It explains why we continue to make incredibly expensive weapons systems that are designed for the Cold War, which has been over for twenty years. It explains why our government coerces other countries to legalize GMO seeds, leading to thousands of deaths by suicide.

The giant corporations in cahoots with the giant Federal government is a recipe for economic collapse and the loss of individual liberty. We have to change the American mentality. The answer is very small government and very little regulation. The Federal government is too large to respond to the American people. And there is no way that will change. The only hope for freedom and sanity is to dismember the Federal government, rescind the 17th amendment and give power back to the States. Then we need to start eliminating regulations on everything.

Forget what you have been trained to believe. Regulations do not "level the playing field", instead regulations always benefit the largest corporation and punish the small. In fact many regulations are written by the large corporations that were supposedly going to be regulated. That is the case of the Dodd Frank bill which was supposed to clean up banking and Wall street, but has been used to protect the big banks because it was written by them and they know how to operate all the loopholes. America's Safe Food legislation was written by Monsanto's chief attorney. FDA regulations are written by ex-drug company attorneys and scientists.

More regulations is NOT the answer. Less government IS the answer

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